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I read elsewhere that Boomers are the generation entering the workforce in highest numbers. I suspect that part of the problem is that pensions were a thing when Boomers were young, they only went away in the late 80s to mid 90s. I have to imagine that millions never adjusted for this fact and didn't actually work on putting away a retirement savings. Now you have millions of people who suddenly realize that they will live 20 years past their savings and have no choice but to do something about it.
Older genX also hasn't done well either. The personal finance sub was full of people concerned about older parents and relatives not having savings or living ability when shit hits the fan and questioning how to manage their own families + the elders.
I've heard that. And to make it worse, some states have familiar responsibility laws. You can actually be taken to court and forced to spend tens of thousands of dollars on your parents.
That's why it's a good idea to start giving your parents cartons of cigarettes for Xmas now. Much cheaper in the long run.
Nothing cheap about cigarettes.
Yeah, alcohol is the way to go.
Takes a lot of smokes to equal a camper.
Wtf what if I hate them. Do I just take them upstate and leave them on a Farm? "Sorry officer no idea what happened to him"