Hence how the Americans have a 80 year old president and Mitch Mconnel still has a job.
this post was submitted on 07 Jun 2026
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It's not hoarding if it's needed.
Look at where all the wealth from economic growth has gone since 1980: almost all to the ultra-rich. That's hoarding, not someone's nest egg.
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Another article to distract us from the class struggle. Billionaires and corporations are the ones hoarding wealth and need to be eradicated, preferably by taxation, but I'm open to alternatives.
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If only they had voted for the candidates who wanted a strong social safety net, rather than the ones that wanted to fuck everyone who isn't part of the 0.1%, maybe they wouldn't have to worry now...
And the idea of a safety net has been around for a long time, in various forms, yet somehow helping everyone has always been a bad thing to do.
Helping people is good to conservatives too... so long as you mean one guy helping an old lady cross the street. Once you apply that idea to anything more than one individual's actions within the confines of the community in which they live then conservatives start opposing the idea. I've never heard a logical explanation as to why that is.
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Because somehow enough people were convinced anything that wasn't democracy was communism but also that capitalist fascism is actually democracy
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That sounds like socialism, which is the same as communism, since they don't understand that either. All they know is that they lived through the Red Scare, and grew up thinking evil Soviet Communists were going to nuke the world...
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bernie was who we needed - instead we got trump ala hillary
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Weird I thought it was the billionaires hoarding wealth. I guess we shouldnt be mad at the billionaires anymore but at older Americans who have homes.
Yeah they are the bad guys !
And how dare they stay alive. I mean. The audacity !
I can be mad at both simultaneously.
Billionaires for being leeches and boomers, in general, for voting like assholes and helping those billionaires.
Divide and rule, a tried and true propaganda method.
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It's not an age thing, it's a class thing. This is just a psyop to direct anger away from the Epstein class.
No war, but class war.
Absolutely. Note that the only boomers who are able to hoard money are the ones who have it to hoard.
The rest of them stay in the workforce, delaying future generations
Not their fault if they have to support themselves.
I guess we should just absolve boomers for decades of voting like shit, creating the environment we are all very unhappy with now.
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This is a dumb article. It sounds like they are blaming boomers for having money, then the article basically explains why they have money, and for the most part it's justified.
I'm not going to lambast anyone that got a cheap house at a low interest rate, then worked for 50+ years to get to retirement to find out they need more money. It's not like all of these boomers are sitting on millions, they have hundreds of thousands in retirement, no mortgage, but have fears of medical bills or nursing homes.
Fuck, I hope someday I approach retirement with enough money to live out the rest of my life in relative comfort. I'm fortunate in that I'm in my mid thirties and have a house (mortgage for now, but at least I'm getting equity). That shouldn't be held against me like it is to boomers in this article.
What I won't defend is boomers that complain about not having enough money when they continually voted for all of this. Statistically, boomers lean right, but I try not to generalize entire demographics like this. There were a couple of quotes I. His article that highlighted some of the worst offenders out there, but I mostly read about people that know that one illness will wipe out their savings, so they keep working until they can't.
If I can amass the monies I need to retire early, I'm out ASAP. My company offers a 55/10 plan where if I retire at 55, I can keep my medical coverage until I'm 65 when Medicare kicks in. That's my current goal, but shit happens, and it can happen to any of us. I just wish that shit happened to the billionaires and not everyone else.
I’m not going to lambast anyone that got a cheap house at a low interest rate, then worked for 50+ years to get to retirement to find out they need more money.
What if you found out they also voted like dogshit for 50+ years, leading to the situation we, and they, find ourselves in?
It’s not like all of these boomers are sitting on millions
No, but most of them voted like dogshit anyway.
I hope someday I approach retirement with enough money to live out the rest of my life in relative comfort.
I hope you do too. But only if you voted to help others along the way.
We all know boomers that aren't wealthy, but still voted like assholes anyway. My father is one of them. They're in the same shit we are, but voted to hurt others, and themselves, anyway. Pretty goddamn stupid.
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My dad lost all his assets to cancer bills, as did my father in law, and my husband's family lost the house built by their grandfather due to having to settle the nursing home debt after my mother in law died.
I do not expect any inheritance from my mom, since I want her to use it all to take care of herself.
We really really need a single payer healthcare system. Those last dozen years of a person's life are where the medical industrial complex makes obscene bank.
I can not begin to explain the level of my contempt for networks like FoxNews..
It confounds me that my father can be such a bigot and against social reform after being left destitute after my step mom passed following seven years of cancer treatment before passing way. I think he wants everyone else to suffer like he does instead of wanting there to be less suffering. I used to be really close to him but I refuse to have a relationship with him anymore.
I grew up on WIC and now my mom is conservative and against all safety nets and I'm like, bitch please I remember damn well picking out things that were on that WIC list every week at the store, don't act like we got by OK on our own. Not to mention her not working and on disability for the past couple decades... so independent we are.
If you want homes to stay in the family you need to get people added to the deed years before you die/acrue debt.
Depending on state this keeps the property out of any estate proceedings
She'd mortgaged it to cover part of her husband's debt from the cancer treatment and between that and the nursing home, the bank took a wash and it got transferred over to HUD.
Basically all the equity was stripped from it and it had liens in excess of the home value so the bank (Wells Fargo - ofc!) fobbed it to the government as a loss and took the write-off on their taxes.. which they do.
She'd been planning to have husband and I get the place but that all went out the window once her unmanaged diabetes chewed her up.
Weird, usually the spouse gets the property automatically. Of course they'd still be responsible for the loans which can be unmanageable.
Sucks our country puts people into such horrible positions for the crime of trying to stay alive
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At some point we'll have to shift focus from boomers hoarding money (which they are, absolutely) to the fact thay many people reaching retirement age in 20-25 years will have no plan, no safety net, and no options because of systemic changes in industry and government. These systemic changes were only ever considered for a few years out.
I don't think there are any good solutions for the longer term issues.
What you’re calling “hoarding money” for many is also what you refer to as a “safety net.”
Like owning a house and having a 401k shouldn’t be considered hoarding. Especially since the social security system is fucked. People need to save for their retirement, or else they have to live their old age in poverty and still work until they die.
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As maddening as this is, I can’t say I blame them. Being poor in America is designed to suck. Then again, they’re the generation that helped make it that way, so…
Well you know when they're the ones that design the system. And they're the ones that purposely made being poor a crime and anything but desirable. Of course they're going to fear the system that they created.
I mean, they did better than the generation before them
I'm no boomer, but I know how they feel. Who can tell when the next crash will hit, and mega inflation will strike. There is just no real way to know you have enough saved. Unless you are like elon or such. And gieven all that. People are holding on to their money because they may have to help keep their kids afloat. It isn't the boomers making the problem, it's the mega rich scraping every dime they can put of the hands of everyone they can so that they can be secure in their wealth. The bokmers are just a biproduct of that brainwashing.
It isn’t the boomers making the problem
They voted like shit for decades. That voting created the environment we are now dealing with.
It's the ultra-wealthy AND boomer's fault.
They were bought. They grew up in a world of plenty. They were sold the idea that it will always be this way as long as they vote conservative. Fox News (and less blatant media) came and pacified them by giving them excuses for being greedy, which enabled the worst wealthy actors to hoard their shit and codify the greed into the both culture and law. They were used to create a system that is fucked and now are confused when the system they built sucks and the world of plenty is being shown to just be a short term golden age.
I wish I could confidently say I'd do better, but probably not. We are products of the world we live in and are shaped by what we see and hear.
We are products of the world we live in and are shaped by what we see and hear.
Yeah, but it's every individual's responsibility to employ critical thought.
If two asshole billionaires named Elon Musk and Donald Trump do a livestream discussion a month out from an election in which they talk about hating worker rights because they get in the way, then maybe, as a worker, I shouldn't vote to give them power.
But they did do that and working class Americans went out in droves and voted to give them power anyway.
I don't absolve boomers because they were tricked. If you get tricked for decades to vote against your best interests and the best interests of your children....then you're a dumb and/or greedy asshole.
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My wife's grandmother was expecting to die at age 90. So she burned through most of her retirement money. Now she only has 10% of it and she's 92 years old. She downgraded her living space a few times already.
I'm a bit terrified about what the future brings.
The headline alone is bullshit. They can annuitize their savings if they want to, but they don't. Great, the whole article is pointless. Classic Fortune writing.
But I do think guaranteed pensions need to come back, and that right soon.
I haven't read more than the title ye5. So this is a response to that alone. But don'tmost people want to avoid running out of money before they die (and are the most vulnerable)...?
Yep
Now, now. There's a handful of millennials waiting to hoard it after they die. This is how the trickle-down works, people, let it trickle. Gosh, so impatient...