/biz/ - Business & Finance

>>57253177
no sympathy for boomers KEK an entire generation of ladder pullers i hope they all go broke and have to work cashiers.

Just imagine how fucking bad zoomies are gonna look, alphoids will basically be living in dumpsters. So with that in mind, I think they should split VOO 10 times in a row so that they become more price accessible to the average trash eating triple digit net worth zoomoid and they pump the s&p for us.

How did Boomers pull this off?

>>54685848
imagine how bad being a zoomer will be tho

>>52924373
It is also in part that the Silent generation was always haunted by their experiences during the Great Depression and WW2. So they set up a bunch of services and guardrails to make sure that would not happen to their descendants.
But Boomers just used them all as ladders to climb and then pull up behind themselves.
It also leads to this rather disturbing idea that "Ok, but then the fat selfish bastards will keel over at some point and that wealth will HAVE to trickly down to their 50-60 year old 'children', right?"
No, because Boomers also financialized everything so its all ultimately based on levels of derivatives. Boomers are going to die and their assets will be sold at losses to cover their medical, end of life, and outstanding debts because their children (if they have any) will not be able to support them in their old age.
An entire generation of vampires. Incredible, really.

>>52672604
You aren't going to get a good answer because most of them are nowhere close to coming to terms with how badly they've been fucked. Older millennials started their careers during or after the 2008 recession, after which most "growth" in the US economy was vaporware and derivatives. Very little real productivity happened. Younger millennials go screwed out of several prime years of their lives by boomers that were scared of the scamdemic and intentionally inflated asset prices so they could live it up on fat stacks.
The harsh reality is that the boomers and gen x generations in the US were already financially secure, with stable jobs and retirement funds, by the time they hit the 25-45 age bracket that millennials are in now. Everyone thinks they still have lots of time to save for retirement but you really don't. Truly financially stable people have a career, savings, and significant assets by this age. Meanwhile, 58% of young people still live with their parents:

https://news.prudential.com/58-young-adults-are-still-living-at-home-impacting-their-parents-path-to-retirement.htm

This is a slow motion disaster for one society, which can be seen in the cratering money velocity. We have an economy based on consumption, but no one to consume. The end result will be a bifurcation into a propertied class that holds most of the wealth, and everyone else. People will try to upskill their way out of this mess but it simply won't be possible for most. It is unironically too late for a huge portion of millennials and the tards will continue to be distracted by vapid identity politics issues rather than realize they are collectively being screwed over.