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Archive for the ‘Retirement’ Category

A baby boomer fires back at ‘a certain age bracket’

In Retirement, Supperannuation on February 26, 2013 at 9:49 PM

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By Denis Wright
February 26, 2013
Source: deniswright.blogspot.com.au

I don’t get cross at much, but one thing that really sticks in my craw is the constant harping by a certain section of a certain age bracket – that somehow the baby-boomers are the source of all evil in the world.

Not you, of course – you’re smarter than that.

Do they realise that the next generation is going to say exactly the same thing about theirs? With just as much or as little justification? Probably not. They’re God’s gift to humanity they are.

What exactly are they doing to create a better world? Are they using fewer resources? Are they voting for political parties that are trying to? Not by the look of that house and that car and those clothes they’re not.

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Which generation is expert at internet crime, likely to cause the collapse of the global economic system as we know it, and deal in new forms of bush-button warfare?

Not fair criticism, they say. No, it’s not fair – but it’s as fair as what they’re dishing out to their parents, or maybe their grandparents.

Not you, of course, if you happen to be of that generation – as I said, you’re smarter than that.

Do they think corporate greed suddenly emerged twenty-plus years after the end of World War 2, just with people now retiring? Have they never heard of the 1929 Depression, the idiocy of Prohibition that gave us the platform for organised crime? Should the baby-boomers try to pass the buck to their parents, and they might do to theirs?

Yes, some baby-boomers made money by investing in a house to put a roof over their children’s head. Generally, they were not looking to end their lives basking in luxury. They just wanted security, and most paid for it fortnight by fortnight, interest rates at about 15%.

Some put off travel until retirement, once they gave their kids a start in life. Now a lot don’t have the money or the health to do that, or new responsibilities have been dumped in their laps that they had no idea were coming. They’ve missed out on a lot of the fun. Maybe not your oldies. Good for them if they’ve managed to squeeze it in before they drop off the perch.

Who wants to start at the top? Who’s seeking luxury right now? Who’s travelled all over the world before they’re thirty, and have a brand new car? 

I know that you saved money and paid for your trip and are busting your guts paying off that car. You know better than the whingers. I’ve no intention of insulting you. And you also know what your oldies did for you.

A lot of baby-boomers didn’t have any of this. They didn’t leave high school with a glorious gap year ahead, often with no end of the gap in sight, supported by social security built on a system the post-war generation paid for. It was unthinkable. Read the rest of this entry »