Where did baby boomers go wrong? This generation isn't financially prepared for retirement

[Warpy]

10. Liberals went out of power in 1969, which is when many older Boomers

were graduating college if they weren't sent into the meat grinder called Vietnam. We've taken it on the chin ever since, from the OPEC crisis in the 70s to the resulting double digit inflation with wages never recovering to what they'd been in terms of purchasing power, the destruction of the safety net, the abolition of most of the tax credits working people used to get, to the continued 45+ year long transfer of wealth from labor to a few fat capitalists. We saw decent jobs automated or offshored. We saw unions attacked. We saw pensions looted and abolished, replaced with a stock scam. And we were outvoted.

We didn't get paid enough to save for retirement and we didn't get paid enough to send our kids to college. And now most of us have only our houses (if we'd been smart enough to buy one) with the tag end of a mortgage balance and nothing coming in but social security unless we're still healthy enough to work a patchwork of part time, minimum wage, dead end jobs.

I have to love the young financial planners who say that Boomers did it to themselves because if we'd saved $2000/year from the age of 20, we'd be well off now. Well, when we were 20, $2000/year was all most of us made before taxes. Younger folks just don't seem to understand what inflation has done to this country. and how far wages have been allowed to lag behind it.

The bottom line is that we didn't save because we couldn't save. We were robbed. And so are you.