Sorry for the lack of posts lately. My partner got a job in another country and I am on a visitor’s visa. And I am still unemployed (but that will change). Something we’ve been talking a lot about lately is the baby boomer entitlement epidemic. It seems there are a lot of recent publications on the subject and my partner and I experience this entitlement problem first hand on a regular basis.
We’ve noticed that those born between 1946 to 1964 tend to have a lot of expectations of the people (Gen Xers, and now Gen Yers) working for them – but these people have never had to work as hard or as long to obtain their current career and financial status. It is important to note here that I am typically talking about white males. These men coast through the tail ends of their careers, waiting for retirement to arrive, whilst commanding others to do work that they should in fact be doing themselves. What the boomers have failed to notice is that the people they exploit have spent more time and money in the education system and probably a lot more time being un- or underemployed following the completion of postsecondary education. One thing for sure is that the education the Gen Xers/Yers have worked hard to achieve is not reaping the same rewards as the baby boomers’. Not even close.
It is a pattern we’ve observed over and over in our careers, and frankly, we are totally fed up with it. So baby boomers, I have a message for you: stop hoarding the wealth. Retire and make some space for the rest of us, you selfish jerks! We can’t wait around forever to save for our retirement, which continually becomes further and further out of reach, thanks to you. And stop calling our generation lazy. You created your own monster, and the truth is, you’re even lazier because it’s been far easier for you to enjoy the fruits of your labour.
- Want to do well financially? Don’t listen to baby boomers (bargaineering.com)
- The Next Crisis: Sponging Boomers (The Economist)