Some are changing their spending habits while others are worried about their future quality of life.
  • aceshigh@lemmy.worldEnglish
    0·
    6 months ago

    That’s the best part. The baby boomers created this shit and now they can’t retire. Good for them!

  • Etterra@discuss.onlineEnglish
    0·
    6 months ago

    But at least they’re stripping the rights of foreigners and women - that’s what they voted for, right? Cruelty? Fuck those ones and every other Trump voter. Enjoy your inevitable consequence you bastards.

  • Ms. ArmoredThirteen@lemmy.zipEnglish
    0·
    6 months ago

    Going to brag a little bit. I’ve been very suspicious of tech and the US stock market for a long time. When I finally got the job I have now and got to choose 401k contributions I went heavy with international stocks and specifically avoided anything involved in too much tech. My 401k has gone down in the last week but we’re talking barely 3%. The paranoia sometimes works in my favor

    • Ledericas@lemm.eeEnglish
      0·
      6 months ago

      I’m not very tech or stock savvy but tech industry always seemed unstable to me

  • RememberTheApollo_@lemmy.world
    0·
    6 months ago

    I just took a couple Ubers. They were driven by retirees as a way to make a little extra cash and get out of the house. Both of them said they would have to quit driving and get another “real” job again if the market continued to tank. This shit rolls downhill…gonna create a job crunch again. People not leaving jobs, no jobs for people entering the marketplace, and companies are going to start crushing labor’s wages and benefits again.

    • boonhet@lemm.ee
      0·
      6 months ago

      Maybe that IS the end goal. Get old people working so wages get fucked for everyone and the corporate overlords can increase their profit margins from a measly 99% to 99.9% or whatever

      • Boomer Humor Doomergod@lemmy.worldEnglish
        0·
        6 months ago

        And what’s the end goal? What’s their plan for when those old people die in a fiery crash while driving Doordash? Nobody’s having kids anymore and immigration ain’t happening so who’s gonna take those jobs?

        • bitMasque@lemmy.world
          0·
          6 months ago

          Doesn’t matter to them, the rich are isolated from any real repercussions of their behaviours. The older ones probably think they’ll be out of the game before things get worse anyway. Short term benefits for them are worth the long term issues for the rest of us, just as always.

        • atempuser23@lemmy.worldEnglish
          0·
          6 months ago

          That’s a q3 problem and we only care about what happens in q2.

          It’s that flagrant disregard for what happens near term that makes everything worse.

  • sp3ctr4l@lemmy.zipEnglish
    0·
    6 months ago

    Oh no, are the Boomers finally collectively suffering the consequences of their own collective actions?

    What a shame.

    Anyway, welcome to the ‘you can never retire or afford a house’ club along with all your children who’ve been begging you for the past 20 years to stop voting for policies and politicians who made this current situation inevitable.

      • sp3ctr4l@lemmy.zipEnglish
        0·
        6 months ago

        … The boomers have majority supported Republicans … for the last 20 years.

        Which I specifically mentioned.

        Your own source shows:

        50-64 at a 56 to 43 for Trump
        65+ tied at 49 to 49

        Wonderful, great, a few of them finally realized that maybe now that they actually need Social Security and they want to actually draw from their 401ks… after majority supporting 401ks over unions+pensions for 20 years.

        How typical. A few of them finally figured out maybe spending 20 years supporting corporate profligacy and then betting their retirements on the stock market … is bad, when the obvious problem with a stock market based retirement plan… actually looks like/is actually happening, to them, personally.

        You are bringing race into this. I did not.

        If you purely go by age alone, which is how you actually define a Boomer…

        30-39 (16%) is 50 to 46, Harris.

        40-49 (16%) is 48 to 50, Trump.

        They are neatly both 16% of the total sample, so…

        30-49 is 49 to 48, Harris.

        Wonderful, younger Millenials to younger to mid GenX went for Harris by a point.

        But I am not talking about them, I am talking about Boomers, over the last 20 years of their existence.

        A tiny bit of the older ones shifted course after it was too late to undo what their disproportionately large, wealthy, and influential generational cohort has supported for 20 years.

        I guess ‘they’ll be sorry/regret their decisions when they’re older’, another common boomerism often directed toward anyone younger than them that makes a life choice or holds a worldview they disagree with.

        This is a perfect time to laugh at Boomers collectively.

        They got what they said they wanted, and only now, after its all too late, did they almost, but not quite, flip over to ‘this is not what i wanted.’

        If this isn’t clear, obviously not all boomers individually deserve this scorn, but uh, collectively… they do.

        • FourWaveforms@lemm.ee
          0·
          6 months ago

          What do you mean “collectively”

          Would you accept responsibility for somebody else’s actions because they were born within the same arbitrary block of years as you?

          • sp3ctr4l@lemmy.zipEnglish
            0·
            6 months ago

            I mean collectively by collectively.

            Different groups with different specific membership criteria, different descriptive attributes… often, in general, tend to behave differently.

            Try writing a history book involving dynamics and differences between groups that doesn’t involve this. Or a medical study. Or a psychological study.

            Statistics is the art of going from an unfounded stereotype or complete guess to an actually valid characterization of specified groups according to descriptive parameters.

            Of course… these are general descriptors of a group, and do not accurately and perfectly describe every member of a group.

            No, I wouldn’t personally accept responsibility for something a bunch of people my age did… but I would accept that it would be reasonable for other people who didn’t know me personally but just knew my age group to make certain reasonable assumptions about me that are actually borne out my the data.

            Of course, one should always just have that as a kind of background knowledge and not judge every single book you meet by its cover, you should read the contents of their character if you want to really know them.

            But at the same time, that is very time consuming to do with… literally everyone, so it is useful to have basic guidelines for what to expect from certain kinds of people, but not actually judge them or act toward them in a prejudiced way untill they specifically, individually confirm or disconfirm their sameness or difference from your preconceived notion.

            Like uh… I am a millenial, and I know it is statistically valid for me to assume myself and other millenials have actual, comprehensive computer troubleshooting skills than boomers or zoomers.

            I know a boomer is more likely to be a big Led Zeppelin fan, and a zoomer is more likely to be a fan of whateve is on Lo-fi girl… and I know that millenials are more likely to still be using the term ‘doggo’ and ‘chonker’ unironically, as well as think that the dialogue in the Borderlands games is cool.

            Do I use doggo and chonker? Yeah, you got me, I still do sometimes.

            Do I think Borderlands style, ‘Millenial writing’ is good? Fuck no, I hate that shit, bounced off those games half for the bullet spongy gameplay I just didn’t like (Im much more of a realism/tac shooter/milsim kinda guy when it comes to gunplay) and half for the character writing that I found to be just fucking awful, rude, crass, annoying, self-important, cringe inducing.

            I did like the art style though.

            But anyway: I would not be surprised if someone just knew my age, that I like video games and am a dork, didn’t know me beyond that, and then kinda assumed I was into Borderlands for the writing. I would be miffed if they were 100% convinced of this and acted as if it was true without ever actually asking me, but if they did ask, I wouldn’t be offended by the question.

    • maporita@lemmy.ca
      0·
      6 months ago

      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.

      • TronBronson@lemmy.world
        0·
        6 months ago

        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.

        • YarHarSuperstar@lemmy.worldEnglish
          0·
          6 months ago

          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 👍

          • TronBronson@lemmy.world
            0·
            6 months ago

            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?

            • YarHarSuperstar@lemmy.worldEnglish
              0·
              6 months ago

              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?

  • hark@lemmy.world
    0·
    6 months ago

    People at or near retirement age should have a 401k invested in more safe funds with a higher mix of bonds. Why would they have such a high proportion of stocks that a drop in the stock market would impact their spending habits?

  • DickFiasco@lemm.ee
    0·
    6 months ago

    But it’s so worth it when you remember that he ended all that DEI stuff and stopped those two trans kids from playing women’s sports.