So, y’all freaking out because boomers are losing money?
What?
Some millennials have 401ks
Gen X also exists.
Shhhh. Don’t drag us into this
Turns out woke wasn’t so bad, huh
I can only have an opinion when Fox News informs me of the new outrageous fad for this week.
Got what they voted for, didn’t like it? I’m shocked.
Let’s go vote republican !
Aw dang it Aw dang it Aw dang it Aw dang it Aw dang it Aw dang it Aw dang it Aw dang it Aw dang it
But the next Republican will for sure fix it!
Aw dang it
“But… but… but at least we stuck it to the libs didn’t we? Right?.. Right!!!”
That’s the best part. The baby boomers created this shit and now they can’t retire. Good for them!
So, all of boomers created this?
More or less.
This isn’t fair! I was gambling with those other people’s lives!
Clearly they just need to take their own advice:
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No more avocado toast
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Stop buying so much coffee out. Make it at home.
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???
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Profit.
Simple as.
Also they could just get an easy job at McDonald’s???
They just arent qualified for that job.
Maybe they could try an unpaid internship to get experience first
Maybe they could have remembered to not trust everything they see on the internet for the past decade.
Oh! And learn some basic financial literacy!
Can’t just rely on someone else to make all your decisions for you =D
Time to start by brushing up on some basic math, its not like everyone will always have a calculator in their pocket.
Don’t forget about the cell phone plan, Internet access, Netflix or large screen TVs. I remember reading about “boomer math”, if I remember correctly - the skewed notion about what really costs what.
Used to be a color TV was a luxury, and that probably made a real imprint on some. Same for coffee - until Starbucks really cracked that market, the idea of paying more than fifty cents or whatever for a cup of coffee was considered ludicrous at one time. And things like cell phones, Netflix and Internet were not really things in their formative years…
I just saw the Costco flyer for this week and they had a 75" LG TV on sale for like $599. I couldn’t believe how cheap TVs are now.
Exactly. I think once they started monetizing the data from “smart” TVs, they really, really fell through the floor. And yeah, compare that to memories of the 60s or 70s when a mere color TV of any size was a big deal and definitely a luxury item for the rich and adjust for inflation…in 1965, say, $599 would be $59.13…so if you imprinted on that in your twenties, I could see how that might be hard to understand the delta…
See the prices for a 23"-25" color TV in 1965 - $1800-$2000. That’d be $18,233 - $20,259 in today’s dollars…so if someone is doing “boomer math” when chastising people for buying huge TVs, and claiming that’s the reason they cannot afford a house/rent, I can sort of get it, but it’s also just a one-time cost…and they really need to update their thinking.
Boot straps. Don’t forget about the boot straps.
They could eat the bootstraps.
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“I don’t want to have to worry that everyone is constantly changing my financial reality,” said Alison Carey, 64, of Oregon, a freelancer in the theater industry. “Let the economy do its machinations, but don’t put me in the gears.”
Sorry you had to learn it this way, Alison, but “the economy” has always been grinding people up in its gears. The main difference is, that it is now reaching you, personally.
I love how people seem to think that “the economy” or “politics” is the same type of thing as sports— a recreational activity with no actual bearing on anything that other people pay attention to as a diversion. It explains so much about how we ended up here.
I gotta assume a theater freelancer in Oregon probably didn’t vote for him
I was thinking the same, but…people surprise you. I know some lesbians that moved out of one (red) state into Colorado because of how they didn’t feel quite safe there…but then voted for donvict, because “Republican do conomy good” type of reasons, from what I can discern.
Holy fuck.
Republican do conomy good
I cannot understand how this lie persists to this day. Republicans have trashed the economy in every single administration they had for at least the last half century. I’m an adult with children and my lifetime has not seen a Republican that was good for the economy…
I think it has something to do with how the right lionizes business so much. I think they adore business because it has zero democracy; it’s basically a top-down structure, just like the authoritarian government they so crave.
Because they think government should be run like a business (another idea that is beyond stupid) and since they think only Republicans operate businesses, they seem to think this translates into “Republican in charge” = “good economy”.
History and facts don’t seem to enter into it, it’s all vibes with that bunch.
This is a holdover from Reagan, and the boom times through the 80s and into the 90s. Deregulation works… until everything implodes/explodes. Revenue was up alongside the tax cuts because of the huge gains across the board, it just wasn’t sustainable.
The economy is like an engine, you can squeeze massive horsepower out of it for a few races or regulate it to run for millions miles. There is a happy spot that produces the highest output with acceptable longevity, but since Reagan the Republican strategy has been to crank it to the max.
The Democrats also continued the deregulation and government has abdicated it’s duty to enforce anti-trust laws, protect the commons, and ensure level playing fields. Add to that the lag time between government action and results, and you have the “Republicans do economy good”.
We have been a runaway diesel for decades, and the engine is close to detonation.
“I don’t want to have to worry that everyone is constantly changing my financial reality,”
Welcome to my entire adult life, Alison
The main difference is, that it is now reaching you, personally.
Ah, republicans and not giving a shit until it hurts them, name a more iconic duo.
“Swarms of leopards unleashed upon zoo-goers who voted for Leopard Looser to run the zoo, millions of zoo-goers stunned, in disbelief, mauled.”
It’s ok everyone they will all be a lot better off once manufacturing comes back to the US, they can make up the difference by working in a local sweatshop.
Didn’t you hear? Vance is saying that manufacturing is never coming back to the US.
So even working in a sweatshop won’t be an option. Well, I guess until we’re colonized.
Suppose it does come back, who is going to buy it ?
Once wages undercut China, they can sell stuff to the Chinese.
The elderly yearn for the assembly lines.
You keep saying retirees when I think you mean future walmart door greeters.
oh that reminds me, our local old lady Walmart greeter passed away 😔
R.I.P. Ms Wendy
My fucking parents are going to end up Wal-Mart greeters and they will not admit, even after everything, that they fucked up voting for Trump.
They’ll keep saying it’s still a good idea butt just barely executed for years. That’s what happened with Brexit in the UK.
If there is one thing I’ve seen about Republicans and conservatives is that conservatism/Republicanism can never fail, only people can fail conservatism. It’s always that it wasn’t implemented HARD enough. Or those damn liberals fucked it up somehow, etc…they are even more afield than old school Marxists when it comes to being steeped in a completely ridiculous narrative about economics. Hilariously, so many of the cons think it is THEY who are the hard-nosed realists… 🤣
Yeah, it’s always ideology first. No argument or evidence can convince them otherwise.
True, but sadly not unique to conservatism. It’s a human condition, lots of psychology involved with self-identity and worldview. See “communism just hasn’t been actually implemented properly yet, and the Soviet Union and China were/are actually capitalists pretending to be socialists/communists” for examples on the “opposing” spectrum.
It’s obviously Biden’s and Obama’s fault, they made the stocks go so high in the first place! Not only does that mean they could buy fewer, but it also means they fall more!
It’s almost like this is exactly what we warned them would happen.
“The leopards ate my face”
Only if they voted for Trump. Many didn’t. This election saw a lot more young people, especially men, move to the Republicans. In fact if you want to blame a specific demographic then blame men.
Yet even more GenZ men just didn’t vote because they hated both options
Bit of a tactical blunder, that.
I’m sure they’ll be quick to blame “boomers” for it, though.
I dont want to blame a specific demographic because that would be a stupid thing to do
I blame the non voters.
When more people vote Democrats tend to win.
I think the blame rest solely on the 78 million people or so that showed up to vote for Donald Trump. And maybe the 40 million or so people that didn’t show up to vote at all.
Yeah it’s definitely not the system that prevents those people from learning critical thinking skills and encourages them to vote explicitly against their own interests, pitting them against each other as they work themselves to death
Blaming the death cult of capitalism 🚫
Victim blaming 👍
You’re not the victim. We paid for 12 years of your schooling and you shit the bed in Math, history, critical thinking, and most importantly Civic duty. Since we our way past acknowledging our individual civic duty to protect democracy I say…
COMMUNIST REVOLUTION WEN?
Lol. Do you assume that shit about everyone you talk to or just people who disagree with you
Edited to add: this schooling? 12 years of this? Thanks a LOT 🖕 https://www.pewresearch.org/short-reads/2017/02/15/u-s-students-internationally-math-science/
Edit 2: super thanks for this BTW love your work on this https://worldpopulationreview.com/country-rankings/school-shootings-by-country
Edit 3: i didn’t even claim to be the victim, although I certainly am a victim of capitalism as someone with multiple disabilities that are almost certainly caused by environmental factors present as a result of the unending evil behavior from corporations (including the USG) and many other problems that are inflicted upon me by these systems including artificial scarcity and my rights being whittled down year after year. The victims I was saying you’re blaming are the ~120 million people you explicitly blamed for what is being done to our country and our population and the rest of the world by a few extremely rich and powerful assholes, most of which are almost certainly not responsible for any appreciable fraction of harm being done (relative to what is happening at a massive scale) right before our eyes by those same assholes. By the way, since you’re so upset about what’s happening (according to what you’re saying) what are you doing to counter it? I’m sure it’s more than just spreading your garbage takes on Lemmy right?
Is this system here in this room with us now?
You can double that second figure.
"How Many People Didn’t Vote?
Close to 90 million.
According to data from the University of Florida Election Lab, approximately 245 million Americans were eligible to vote in the 2024 general election…
preliminary election data shows about 155 million ballots were cast. This would mean an estimated 89 million Americans, or about 36% of the country’s voting-eligible population, did not vote in the 2024 general election."
I know several people that were suppose to retire next year. Looks like they are gonna have to postpone 😂😂
They’ll be out of work next year, one way or another.
Lol, I rolled my 401k to an IRA as part of a actively managed fidelity fund right after Trump got inaugurated. If I hadn’t I would be down about 150k, instead I’m up 35k already, and that was after cashing out just below all time high.
That said,I decided to ride it out in my fuck around E-Trade account. I went from being up 25k on jan 1st to being down 9k today.
Trump’s ‘plan’ is to crash the market so that people with large reserves of cash can buy at all time low. Then he’ll back pedal his bullshit and things will go up, so they’ll sell. It’s not going to go back up to what it was before his watch, at least not with him around. People who don’t have the cash reserves/appetite to buy in a recession will get fucked, and that’s most people in the country
Yeah but you can’t just say “ok the plan worked, tariffs are off now” and expect the rest of the world to be chill about that. It’s too late to backpedal.
If the rest of the world turns on the US then that’s also a win because Krasnov is a Russian asset and part of why Russia and China worked so hard to get him elected was to destabilize the US and remove them as the world leader so China can step in
I really don’t think this is part of some grander plan. I think he really thinks blanket tariffs are a good idea.
Tariff man is an idiot.
He’s doing it because that’s one of the few things he can do without judges and Congress getting in his way. He expects other leaders to offer him deals (i.e. bribes) now. He doesn’t care about average American. It’s all about how HE can make some extra $.
