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nfinf  1mo ago (nfinf.substack.com)   1698 thread views

How good the boomers had it

nfinf.substack.com

Inspired by some of the conversations we had here about the experiences of previous generations (especially with /u/the_nybbler, and yes, I know you're not a boomer), I wrote up a post that challenges a common narrative of how good the boomers had, and how screwed the millennials are. Main point is that the houses were not that much cheaper relative to now, and the interests rates were murderous. Enjoy!

(I'm a regular poster here, but I wanted to separate the identities for opsec purposes).

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The millennials are the children of the boomers, they are going to inherit those expensive houses that the boomers are living in. Some people think that they will end up being the wealthiest generation who have ever lived.

But yes, I'm sure that millennial pension schemes will be drastically less generous than their parents get now, due to ageing populations and the fact that those pensions were never sustainable to begin with.

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