If You Are A Baby Boomer - the real reason YOU SHOULD BE FURIOUS over CPI cuts:

[TM99]

84. And this describes the true situation

with regards to these potential cuts.

Baby boomers, in the end, are going to be just fine. Even with CPI and other cuts, most are in retirement or nearing retirement. Your benefits are there. And I am glad.

The Millennial's are screwed, true that, however, they are young enough to look for savings options or political ones to change things long before they retire.

The ones truly screwed are us Generation X'ers. Most of us are now well into our forties and pushing 50. By the time any serious cuts are made, we will be left with very little. We will not see retirement benefits at 65 and will likely be forced to work possibly a decade longer. And we are too old to get those extra savings necessary for our survival in old age. We are also going to have a generation twice our size at our heels demanding jobs that we are all having a hard time finding. Boomers are already seeing how difficult it has become for those over 50 to get jobs. My generation will experience that in spades in the next decade and a half.

I am not angry at Boomers or Millennials about this situation. I am angry at the politicians on both sides, Democratic and Republican alike, beholden to the corporate 1% who are not just greedy but sociopathically so. I know many Boomers who do care about the generations coming up behind them. I have not met as many Millennials who feel the same as they have gotten so much and expect so much from this technological and socially connected age. This cycle of austerity will not last forever, as no cycle ever does. But will my generation, as small as it is and sandwiched between two others, be able to survive it?

I suppose we shall see what happens won't we?