How the Baby Boomers Destroyed America's Future

Pity the baby boomers. No generation seems more widely despised, even among its own members. A quick Google search shows just how common this is -- the search string "baby boomers are" will be auto-completed with "selfish," "evil," and "the problem." Shortening the string to just "boomers are" adds "the worst generation" to your results. Ouch. How did a generation raised on peace and love in the age of Woodstock come to symbolize everything that's wretched and wrong with the world today?

Maybe it has something to do with these trends.

Income inequality has exploded
Baby boomers were part of a generational bulge born immediately after the end of World War II. The leading edge of that bulge began coming of age during the late 1960s, which means boomer power began to rise toward its peak around the time Ronald Reagan became president. The growth of boomer economic and political power that began during the 1980s also happens to coincide with the beginning of a long-running trend toward greater income inequality:


Source: 2012 Economic Report of the President, whitehouse.gov .

To really drive the point home, let's look at how the top 1% has fared during the era of peak boomer power:


Source: 2012 Economic Report of the President, whitehouse.gov .

As a result of this widening imbalance, fewer households are earning something close to a median income. The shift in income brackets has pushed more people to the upper and lower bounds of American earners:


Source: 2012 Economic Report of the President, whitehouse.gov.

Partly because of this "hollowing out" of the middle class, the median income has been stagnating for more than a decade, which happens to be the period when you might expect the post-boomer Generation X to begin coming into its own peak earning period. When adjusting for inflation, median incomes appear to have returned to levels last reached during the dot-com era, when the boomer generation had its greatest number of peak earners:


Source: 2012 Economic Report of the President, whitehouse.gov.

This isn't to say that the entire country is doing worse. In fact, boomer-led households made it through the recession relatively unscathed, and a big reason median incomes have stagnated has to do with the incomes of the peak-earning age bracket. In 1999, that happened to be the leading edge of the boomer generation, who were born between 1946 and 1955. Today, the same age bracket, now made up of the second half of the baby boom, is earning 17% less at the median, in real terms, than the first-wave boomers did in 1999. No wonder even the boomers can't seem to stand their own generation:


Source: Doug Short, Advisor Perspectives

When adjusted for inflation, the median net worth of households led by people aged 45 to 54 was 10% lower in 2009 than it was in 1984, according to the Pew Research Center. Those led by individuals aged 55 to 64 -- currently the leading edge of the boomer generation -- was 10% higher in 2009. On the other hand, households led by people between ages of 35 and 44, which today is the primary age range of Generation X, had 44% less median net worth in 2009 than the first-wave boomers did in 1984. Those younger than 35 had two-thirds less net worth in 2009 than the same age group did in 1984, which means that boomers generally had almost three times as much real wealth (and potentially much more than that, in the case of older boomers) during Reagan's first term in office as their children did at the start of President Obama's first term.

Taking more and leaving less
Those graphs help explain why many people feel resentful toward the boomers, but they don't really offer a compelling reason why the boomers should be so widely reviled. It's not as if there's a wave of workers turning around and knocking down the pay rate of its successors. However, boomers hold plenty of influence in the area of public policy. If you want to understand the national debt, a good place to start would be the 1980s, when boomers started to come into their own:


Source: St. Louis Federal Reserve .

America's debt-to-GDP ratio was actually declining through the 1960s and 1970s, before the Reagan Revolution brought a new attitude to power. This isn't to say that a national debt is inherently evil. Much depends on where that money goes. Debt-to-GDP was higher during World War II -- but all that spending did help win the war, and it also helped build a massive manufacturing infrastructure. In the early postwar years, much government spending went toward "investments," which the think tank Third Way defines as spending on things like "building roads, teaching kids, and curing disease." However, surging demands from entitlement programs have flipped the script, and the United States now spends more than $1 trillion more per year on entitlements than it does on public investments. In 10 years, as more boomers retire and begin to draw on Social Security and Medicare, that gap will grow 150% larger.


Source: Jessica Perez, Gabe Horwitz, and David Kendall, Third Way .

Generation X has another two decades to go before it can start drawing on Social Security. Millennials won't start getting payments until around 2050. Since the Social Security trust fund is only projected to cover full benefits until the early 2030s, It shouldn't be surprising that the younger generations wonder if Social Security will even be around when they retire.

"Dang kids, get a job!"
If you're not familiar with "Old Economy Steve," you might want to take a look. It's probably the one meme that best captures everyone's frustration with the baby boomers, particularly how oblivious they are to the economic realities of the day. One of Old Economy Steve's common refrains is "You need to go to college so you can get a good job," usually paired with the ease of paying back the costs of a degree. However, college degrees haven't actually translated to greater earnings since millennials started graduating.


Source: 2012 Economic Report of the President, whitehouse.gov .

College costs, however, have doubled since the turn of the century and have grown 600% since the boomer wave left college:


Source: Doug Short, Advisor Perspectives

The steady growth in medical costs is also interesting, particularly as boomers begin to retire and draw on Medicare. Everyone else remaining in the workforce has had to deal with higher health costs even as their employers (if they have one) steadily eliminate health insurance benefits:


Source: 2012 Economic Report of the President, whitehouse.gov .

But wait! We have Obamacare now, right? Obamacare is great news for uninsured boomers, but it's kind of a mixed bag for their children. Josh Barro recently wrote that Obamacare "is designed to be a fiscal transfer from the young to the old, the healthy to the sick, and the rich to the poor." Young men will be hit hardest, as their premiums may increase by more than 50%. In California, where Obamacare was implemented earliest, the average premium for the currently uninsured will be $200 to $300. That might not seem like much, except for the fact that the real median income for younger workers has been in decline for more than a decade.

Old Economy Steve also likes to point out how much higher the minimum wage is for today's kids. Well, the minimum wage was at or near inflation-adjusted all-time highs throughout our hypothetical boomer's childhood:


Source: Brett Wilkins via Moral Low Ground.

Even though the minimum wage wasn't quite $2 an hour in 1970, Old Economy Steve could have paid for his college tuition by working about 14 hours a week for minimum wage while at school, since the average annual tuition back then was about $1,200. Today, it takes more than twice as much work at minimum wage for the same result.

Let's not forget Old Economy Steve's old-economy investments, either. A young boomer in 1990 (in the 25-35 age bracket) could buy a new house with about four years of the median household wage for his age group. It's roughly the same for today's young millennials, except that the average young college grad (and you almost need to be a college grad now to get a job that pays well enough to buy a house) leaves academia saddled with more than $35,000 in debt -- about 70% of the 25-35 age bracket's annual income, which has not changed in real terms since 1990 -- compared with average college debts of about a tenth the annual household wage in 1990. Few boomers would have even racked up that much, as the last year of boomer babies would have turned 21 in the mid-'80s. And, of course, boomers also enjoyed the longest sustained stock market rally in history:

^DJI Chart

^DJI data by YCharts

In nominal terms, the Dow Jones Industrial Average (DJINDICES: ^DJI  ) grew by 14% per year from the start of 1980, when the first boomers hit their peak earning and investing years, to the start of 2000. Even if you adjust for inflation, boomer investors who followed only the simplest indexing strategy earned nearly 10% a year after inflation for two straight decades. How have the next generations done?

^DJI Chart

^DJI data by YCharts

Not quite so well -- the next 13 years produced nominal returns of just 1.3% per year for index investors, and negative real returns when adjusted for inflation. It hasn't been anywhere near as easy for children of the baby boomers to build a nest egg as it was for the boomers themselves.

What do you make of this? Are these charts just trying to blame boomers for trends largely out of their control, or does there appear to be something to the complaints that boomers have taken everything and left nothing for the next generation?

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Read/Post Comments (108) | Recommend This Article (27)

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  • Report this Comment On June 29, 2013, at 3:38 PM, johncater wrote:

    First it was the fault of all the Republican Presidents...now it's the baby boomers.

  • Report this Comment On June 29, 2013, at 3:50 PM, hwams wrote:

    Try writing a legitimate article about the two-faced, hypocritical 20th century Neandro-cratic Politicians...

    Which, by the way, include all republicans and democrats of the time ... including thugs, liars, thieves and serialistic-banksters, union bosses and Corporations ... It will not be a pretty picture ...

    Depict the American war monger Presidents by charting the dead they left behind and also chart the cost impact they and their cronies had on the country. The sorrowful charts will burn holes in the hearts of unsuspecting citizens and indeed there by even frighten society into taking action ...

    There are more American Heros to come than any politician today can imagine ...

  • Report this Comment On June 29, 2013, at 3:52 PM, hwams wrote:

    They are called Citizens with votes ...

  • Report this Comment On June 29, 2013, at 3:53 PM, slec192 wrote:

    I don't think the world is Obama's fault, or the Baby Boomer's fault. The world is changing, has changed, and will continue to change for many reasons . . . It's not about fault, it's about

    "the situation". Blaming does ZERO good.

    Instead of blaming, become informed, educated, reasonable,and caring. Whatever you do or don't do, DON'T threaten to shoot someone, make up information, twist and distort half truths,

    or become a follower of the flat earth society.

  • Report this Comment On June 29, 2013, at 3:56 PM, airjackie wrote:

    We failed after saying we would not make the mistakes of the adults. 1961 we saw the US and wanted equality to all and end to discrimination. The Flower Children at Woodstock and so many protest against an unwanted War. Where are those boomers today. Many died in Vietnam and other were Draft Dodgers and used political help to fake injuries not to serve. Well 2013 we see where those boomers are they are elected lawmakers. We almost elected an open Draft Dodger Mitt Romney as Mitt promised to bomb Iran. Boehner cried at boot camp and was sent home as other current lawmakers fake injury. Most were nothing but were used to get elected and follow orders we see today. We failed but the hope is in the next Generation to succeed.

  • Report this Comment On June 29, 2013, at 3:59 PM, Dadx7 wrote:

    I beg to differ with this article. The worst generation during my life time was also taged the greatest generation.

    The WWII generation was the generation that came into "power" in the mid to late 50's and early 60's. They are the generation of industry captains that allowed our industrial base to fall prey to forgien economies because that generation was so arrogant that they thought they were invincible. They allowed our steel, auto and ship building industry just rust away.

    The "greatest generation" was also the polaticians that got us into the wellfare state we have today. Although a good idea, execution was poor. That generation also started the wealth distribution idea.

    We are still paying for their mistakes, my kids are paying for their mistakes and my grandkids will be paying for their mistakes.

  • Report this Comment On June 29, 2013, at 4:09 PM, inreality01 wrote:

    Income "inequality" has nothing to do with anything in this nation. This is simply a catch phrase that those on the left say because they despise freedom and the fact that not everyone has the same amount of talent, skills, intellect and drive.

    In a free nation there are always going to be those that have more. The fact of the matter is, in our nation, even the poor are much better off. It doesn't matter if those at the top have so much more than those at the bottom if those at the bottom are still doing quite well.

    Most of the "poor" in the U.S. live better than most middle-class people in other nations. They have multiple TV's, cars, air conditioning, more living space, cable tv, cell phones and so much more.

    The real issue in our nation is that we have too much government, too much regulation and we don't embrace individual freedom and economic prosperity as much as we should.

    The problem with too many, including many of the baby boomers, is that they are and will be consuming too much in government entitlement programs. Again, too much government and not enough freedom.

    We need to look at the fundamentals in our nation and address the real issue of large government, spending, taxation and regulation.

    God Bless America.

  • Report this Comment On June 29, 2013, at 4:19 PM, leasly5561 wrote:

    What a incredibly well written and insightful article. Hats off to Alex Planes. It's refreshing to read something that says "I will not only tell you my opinion on the matter, but i will visually and analytically prove it.

  • Report this Comment On June 29, 2013, at 4:23 PM, AmericanHero wrote:

    What is being left out of this Article is , Its not the American baby boomers fault in any way , It was all the illegal aliens coming to America and popping out babys like there was no tomorrow . It is the back bone of American familys keeping America a float while the illegal aliens collected welfare checks and the staged wars , Clinton barrowed money from china we didn't need because there already was a huge surpluss and giving money pay bribe money to countrys that hate us and stab us in the back.

  • Report this Comment On June 29, 2013, at 4:23 PM, yamiga wrote:

    How baby boomers destroyed the future? How about how Politicians destroyed and are continuing to destroy the future.

  • Report this Comment On June 29, 2013, at 4:29 PM, rogerlig wrote:

    Boomers exist. The world has gone to hell in a hand basket. Therefore, the boomers *caused* the problems. Bit of post hoc reasoning here?

  • Report this Comment On June 29, 2013, at 4:40 PM, kanjivision wrote:

    The policies that were created that changed so many things were created by a small percentage of people that were actually "boomers." How nice to expand it to include "all boomers" by implication.

    Boomers created and paid for the community assets that fostered strong educations; numerous paths to degree programs; a healthier population; and a tax base that supported it all.

    The small group of politicians that looted Social Security are amongst those who use the term 'entitlements," for what in reality are 'earned benefits." They shipped American jobs overseas for profits, and now cry that they are being asked to pay higher taxes......after they shredded the tax base of thousands of communities.

    Thieves just attempting to rewrite history.

  • Report this Comment On June 29, 2013, at 4:44 PM, PigletOctopi wrote:

    I cannot believe my eyes. As a member of the "baby boomers" all I did was follow the laws, work very hard to support myself and family and saved my money for retirement - which is a good thing since the government wants to renege on all or part of Social Security. The government made the rules about Social Security and didn't give us any say in it, but now after 45 years of both personally contributing (and my employers contributing) and playing by the rules they made, they try to pull the rug out from us. This is an extremely insulting article. I feel since it isn't politically correct to attack other groups in this country, all that is left is old people and fat people. Shame on this author for contributing to the hatred of old people. President Obama started the attacks with Obamacare and now the press think it is open season on us.

  • Report this Comment On June 29, 2013, at 4:45 PM, jas4511 wrote:

    This article is the apex of deftly blending arrogance and ignorance into an unintelligible abstract which even the author cannot fathom how to explain! Sir: your first error was associating baby boomers exclusively with the flower power movement! Next, you completely ignore the magnitude of the intellectual, scientific, social and financial contributions this group contributed! I find your logic faulty, your your conclusions erred and your motive for publishing questionable! May I invite you to engage with me in a boxing match (I'm 68)?

  • Report this Comment On June 29, 2013, at 4:56 PM, borsite wrote:

    The divide and conqere crowd floats another excuse for the lawless to act on their emotions and get a free pass or even tacit support and approval from the "man".

  • Report this Comment On June 29, 2013, at 4:57 PM, KPPM wrote:

    I am sorry this is a one sided narrow view of the history of Boomers.

    This writer ignores the accomplishments of this generation-which have revolutionizeds the world in the speed of communication, knowledge transmitted in seconds, news in seconds, etc..

    The defense of our country thru near miracle type weapons is a direct accomplishment of the boomer generation.

    The boomers have paid more into SS than any other generation as in the 80s SS taxes went sky high while the boomers were in their peak earning years.

    The majority of boomers are more interested in staying healthy, eating right, living right in order to avoid the pitfalls we saw in our parents generation.

    The boomer generation has a double whammy on its shoulders-we help with the monetary problems of our parents, and also have adult children who are still at home even at 40 years old-and they move out-come back.

    We are not perfect-no generation was perfect-but we are not deadbeats nor economic monsters that are to be villainized as "THE PROBLEM"

    Its easy for any writer to just pick a group and blame them for the ills that are facing the US and the world-that way those who are need to have a single "villain" that all problems can be thrown at for satisfaction have one.

    But its hardly fair.

  • Report this Comment On June 29, 2013, at 4:58 PM, BeezFolliez wrote:

    I'm getting pretty tired about hearing of "income inequality" and the government selling out to "big Business". Try these facts on for size. Referring to big Business. During the last years of Eisenhower's second term, the Democrat controlled Congress decided to open U.S. law and policy making to the public. You can read that as opened to lobbyists. Adlai Stevenson abhorred this decision and went on to predict, exactly, what would happen in the Legislative branch of our government because of it. Now concerning income inequality. In 2010 the Institute of Education Sciences conducted a study and found that between 1972 and 2008 blacks and non black hispanics accounted for nearly 65% of U.S. high school dropout rates.

  • Report this Comment On June 29, 2013, at 5:03 PM, n10sfi wrote:

    I agree with PigletOctopi and would add that income inequality existed long before Boomers were even a glitter in their parents' eyes. Despite the Equal Pay Act, passed in 1963, women, who comprise over 50% of the workforce still earn 77 cents on the dollar paid men for the same or similar work.

    Blaming an entire generation for the 1%, many of whom gouged and stole from so many is pathetic.

    Get money out of politics and structure inheritances so that four people don't have as much wealth as 150 million other Americans and then come back and talk to the generation that fought for civil rights, brought the world the Internet, made the technological advances that now exist, and for the most part, gave everything they had to the next two generations they raised and are still supporting, thanks to Ronald Reagan's policies (he was part of the Great Generation, wasn't he?????) and maybe we'll talk.

    Break up the too big to fail banks, tax corporations moving jobs overseas, provide health care to the same degree as other highly developed nations do - for considerably less, I might add - force employers to pay living wages for the highest producing employees on the planet overall, and maybe we can pull out of this.

    Keep the wealth concentrated and this country is done for. Plenty of history to prove that, too.

  • Report this Comment On June 29, 2013, at 5:08 PM, cdpisker wrote:

    I think the Baby Boomer generation needs to see what the future holds for the generations that are going to have to pay for the entitlements that you are going to take advantage of. I know you all have worked your whole lives, but what real American doesn't. I simply say, you have to realize the amount of debt you are saddling us with. Republican or Democrat, the fruits of your labors are going to be realized in large part. I won't have that opportunity, I will have to work into my mid to late 70's to accomplish even half of what you are going to get out of government entitlement and private retirement. Its you hands that are in the cookie jar; you get all the goods and we will be left with the crumbs. My children will have to fix the mess that you created because my generation will be too busy putting out the fire you started that are destroying the American dream. Your legacy will be the debt and European entitlement style society that you forced down our throats; I don't feel sorry for you. I hope you are happy. By the way I'm 32 and currently in graduate school with a family also working 36 hrs a week!!

  • Report this Comment On June 29, 2013, at 5:14 PM, RMengineer wrote:

    " "You need to go to college so you can get a good job," ... However, college degrees haven't actually translated to greater earnings since millennials started graduating.

    To the extent this is supposed to be some conclusion, I'm not sure that is the conclusion to make. This statement is followed by a chart that shows average _annual_ incomes to be higher by some $30,000 than the next category. That translates to some $1 million higher lifetime earnings (assuming a 40 yr career). Last time I checked, a collage degree costs far less than $1 million. By that metric, a college degree is still a bargain.

    Also, given the benefit to price ratio, it leads to the question of what if college costs more now is because it's just not as _under-priced_ as it had been? I'm not saying that college shouldn't be as affordable as possible, but if the price is actually still under-priced compared to the benefit obtained, it's not a particularly compelling argument to complain that just because it costs more now than it once did, the only conclusion is that hikes in the cost of a college education is somehow necessarily being "ripped off".

    I'm just saying that that needs to be considered in discussion of college costs. I mean, if it had been under-priced, it would be an unrealistic expectation that it would somehow magically continue to remain under-priced. But the problem is that the discussion is almost entirely consumed by the fact that it costs much more now than it once did and an expectation that it should not cost more, to the exclusion of considering what are the _real_ costs of _producing_ that education and of it's *benefits* in comparison to those costs.

    An argument based on expectations not grounded in an understanding of the realities of producing that education and its actual value is not an argument that can lead to achieving desirable results.

  • Report this Comment On June 29, 2013, at 5:16 PM, GuitarJim wrote:

    Great! While we're at it, let's blame the generation of the mid 1800's for the Civil War, and the generation born around the turn of the last century for the Great Depression.

    Specific people or groups of people are responsible for what they do, specifically. You can't blame an entire generation for this.

  • Report this Comment On June 29, 2013, at 5:16 PM, garymb51 wrote:

    I have worked hard my entire life. I have paid my taxes. I took care of my parents. I made sure my kids went to college. I help out taking care of my grandson. How are the changes that have taken place my fault? Shame on the author of this article.

  • Report this Comment On June 29, 2013, at 5:19 PM, jrgfla wrote:

    As with any complex situation, there are many faults - 3 primary ones I note are the excessive demands from citizens and non-citizens from the U.S. government I'm due; I want my free lunch), a public education sector that was hijacked by the NEA, and the media's focus on what's wrong with America.

    Times change and technology changes, but human values should not. Our demographics cannot support a minority of working individuals and families supporting a majority of non-working individuals and families. At some point the former will just say 'enough' - and the 'golden goose' that built the world's most egalitarian society will be dust.

  • Report this Comment On June 29, 2013, at 5:23 PM, eggsackley wrote:

    Being A Baby Boomer was not a choice. It was a function of politics (in particular WWII). Soldiers hadn't seen their wives for a while and had been involved in a war. This was the cause of the baby boom.

    The affects of the baby boom are, again, due to the political climate at the time as well as a huge increase in population (post world war II natural response).

    To blame the economy on a group of people because of the decade of their births is patently riduculous. As to who is and always was the cause of financial woes for the majority of the population it's the greed and corruption of the people with power (usually tyrants, politicians, and the wealthy).

  • Report this Comment On June 29, 2013, at 5:27 PM, sdfgwetrerfaw4 wrote:

    The whole point of this article seems to be an attempt to make some connection between Baby Boomers and "the 1%".

    I kinda expect better from the Fool.

  • Report this Comment On June 29, 2013, at 5:28 PM, sabebrush6 wrote:

    The baby boomers were a least from the generation of ----- ARE YOU READY ----Personal Responsibility. Take care of your family.

    .

    The "ME GENERATION still wants to live with mommy & daddy ( at age 40 ) and are so selfish and self centered they are refusing to even had children. 47% on welfare ? Wow ! Look at the numbers before you argue this one.

  • Report this Comment On June 29, 2013, at 5:30 PM, oldoldold wrote:

    Most of us Baby Boomers who served are not the oroblems its the ones who went to college and tripped out on acid that are the problem, They were handed so much now they want everything for free. Seems those who served paid taxes but those who went to college became lawyers and politians who now run things. Seesame Street intellect

  • Report this Comment On June 29, 2013, at 5:30 PM, 2smartforlibs wrote:

    So just baby boomers not a generation that's to lazy to work and think it should all be handed to them. Than you have the low information voters like the comment made by Johncater who think the republicans are the one that forced things like the great society and Obama care on this country. People like him need to stop voting of inform themselves The right is sick or picking up after the left. DAMN PEOPEL STOP GETTING YOU INFO FROM PMSDNC

  • Report this Comment On June 29, 2013, at 5:31 PM, russkiGypsy wrote:

    It always has been proven historically that 99% are idiots & until they hang the 1% nothing better will happen.

  • Report this Comment On June 29, 2013, at 5:33 PM, 890RT wrote:

    Every generation has it strengths and weaknesses. As I am in the leading edge of the bugle babies, our strength was fighting for equality in the Civil Rights arena. Our weakness, we took for granted our Nation and went to sleep at the wheel. First, we tried to send everyone to college and did not allow for those who would be better off in a trade with a skill. Second, we let our sons and daughters be influenced in college without our looking into what they were being taught and who was doing the teaching. As a result we have a generation of liberal "pie in the sky" adults that have tried to make the real world into what “off the wall” liberals and some downright terrorist, told them the world could be, when in reality it can't. First, our adult children let everything be labeled an illness and never made anyone take responsibility for their own actions. Some of us first boomers were elected to Congress and took it for a life time of privilege and power, forgetting about the world we wanted when we were marching for civil rights. Now, it is use the weak and poor, giving them just enough to keep their vote and us in power, and forget about loyalty to the USA. Our politicians sell us out for $$$$$ everyday and it is my generation that is controlling the punches in Congress. Third world Nations are becoming power nations while the USA is on a slide to third world status. However, there is hope with some of the "new blood" in Congress and I hope to see much more "new blood" (the later baby boomers) elected in 2014 and 2016. I do think, on some days, the USA is going the way of Rome, but I pray there is hope and I end by saying God Save the USA from what we’ve allowed to happen.

  • Report this Comment On June 29, 2013, at 5:34 PM, pooperme wrote:

    Hate the Baby Boomers...are you nuts?

    Only reason I would be mad at Boomers is because I think they sold out, to survive.

    The use to be so against Corp. and then started working for the man in the 80's.

    Boomers were the best, because you would have no where near the items you have now, the tech you have now.

    Boomers spoiled their cool kids, but then those kids really just spoiled those kids after Gen x

  • Report this Comment On June 29, 2013, at 5:42 PM, Fizics wrote:

    The American Worker has seen a loss in pay over the last decade or three, pay has not kept pace with inflation. Who is responsible for this? None other than the Baby Boomer generation. Of course, not all Boomers are responsible, but ask yourself: What generation was responsible for the S&L crisis, what generation invented "Outsourcing"? What generation went from "Don't trust anyone over 30" to vomiting on the Occupy Wall Street crowd (though I agree with their lack of focus, you think the hippies were cleaner or more focused? hahaha)

    Point is, the Baby Boomers sold America... to themselves at the expense of their children. Our only revenge will be to place them in abusive nursing homes.

  • Report this Comment On June 29, 2013, at 5:43 PM, rightislight wrote:

    You've made a great case regarding government policies and how the result of these policies have shaped the nation. There is nothing in this article that suggest that "this is the baby boomers fault". Sure some boomers may be benefiting from the policies (although probably a low percentage). And note, these are policies that have been installed over time, over Republican and Democrat led administrations.

    Sorry, I think it's terribly wrong, and perhaps even dangerous, to suggest that the situation we're in is because of a generation of people. The Baby Boomers didn't create this madness, the policy makers did and those policy makers come from all generations and from both sides of the isle.

    Don't we have enough hatred, blame, and divisiveness already in this country? This article should never have been printed. Terrible work - terrible "journalism". Really.. appalling.

  • Report this Comment On June 29, 2013, at 5:44 PM, HippieBabyBoomer wrote:

    OF COURSE!! It's the Baby Boomers fault! At least I worked for forty years without asking for a handout,,,FROM ANYONE!

  • Report this Comment On June 29, 2013, at 5:47 PM, MotleyFoolStinks wrote:

    What a simple-minded, meaningless article. Exactly what I expect from the fool.

  • Report this Comment On June 29, 2013, at 5:48 PM, doodles55 wrote:

    I'm a boomer and damn proud of it! I have worked, yes worked for 40 years raised 2 kids and never asked for or even expected a hand out . Not the lazy scum now a days, this includes the author of this slanted ignorant article. You should be the MOTLEY TOOL!

  • Report this Comment On June 29, 2013, at 5:55 PM, chriivylyn wrote:

    Ever notice how the Generation X generation is just kind of ignored, swept under the rug? Even in this article we are only briefly mentioned. Just saying it's a trend I have noticed. We might as well be called the invisible generation.

  • Report this Comment On June 29, 2013, at 5:55 PM, Jarhead44 wrote:

    I was born in 1944. Just short of a baby boomer and I have worked 40 years, 12 hour days, 6 day weeks and they work along side me. This is just another finger pointing, excuse finding tactic of the Hussein Obama regime. Point their fingers at anyone they can think of to keep from being noticed.

    Well men and women of the U.S. Government, it's too late. Look in the mirror and quit trying to hide where there is no place for you.

  • Report this Comment On June 29, 2013, at 5:56 PM, Whoopdedoo wrote:

    Boomer gen is from 1946 to 1964...not 1955. Google it Alex. I bet you are from the "snack and trophy for showing up" generation.

  • Report this Comment On June 29, 2013, at 5:57 PM, eggsackley wrote:

    I forgot to mention the group perhaps most responsible for the socioeconomic woes we've had since the end of WWII... corporations (close kin to the wealthy minority).

  • Report this Comment On June 29, 2013, at 5:59 PM, buttercup555 wrote:

    you idiots. I doubt this is even a real article. this website was clearly set up by trolls who haven't got lives. did you read what it says at the very top of the comment section? If you missed it here it is...

    "Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment."

    You're welcome.

  • Report this Comment On June 29, 2013, at 6:02 PM, rightislight wrote:

    So, we have a whiny, liberal, Gen X'r living in the U.S. Virgin Islands, educated at George Mason University who is lucky enough to to relax under a palm tree and toss pot shots at his elders. So, for all you that were complaining about your 40 year old child still at home...here's one that has just about everything most baby boomers want but is still complaining.

    Alex, fortunately I'm smart enough to recognize that my Gen X children are grateful for all we do to help them and that you're just a tool. Apparently this little brat Alex Planes is just that - a spoiled brat - placing blame on his parents instead of rightfully placing blame on how the country is run.

    Hey Alex, do yourself a favor and check into how this entitlement society was created....

  • Report this Comment On June 29, 2013, at 6:26 PM, KPPM wrote:

    Someone explain to me how SS and Medicare (which Boomers have paid more into than any generation)-are entitlements?

    The amount we paid doubled under Reagan-fine we paid it to protect it for everyone-yet now we are wanting "entitlements"?

    We paid what was "mandated" by law-we had no option-and we obeyed the law.

    I never heard of a 401-K until the 90s my pension was though a union-and we negotiated less pay for those pension plans-now the talk is of slashing benefits from those plans-that we paid for over time.

    Its funny as all these Gen-xers lived at home with TVs, cd players, video game players, AC, college educations...they never complained about their situation or the boomers who provided it-now we are the enemy.

    So easy to villainize-hope it makes some feel better about themselves.

  • Report this Comment On June 29, 2013, at 6:26 PM, randynnc wrote:

    It is obvious that your first two charts show that the skyrocketing income of the 1% coincides with the tax cuts begun under Reagan and continued by Bush and Clinton, outsourcing of middle-class jobs, free trade, and the decline of unions. Without those, we would not have budget deficits, a national debt, stagnating incomes, and rising social costs. The blame for the decline in the American economy rests squarely on the Foolish economic policies of lowering taxes for growth (it doesn't), borrowing instead of taxing, Free Trade (the biggest giveaway in history), and outsourcing. Other than that, everything's fine.

  • Report this Comment On June 29, 2013, at 6:34 PM, sunshine305 wrote:

    on behalf of all us baby boomers....... that's life.... now move forward...............

  • Report this Comment On June 29, 2013, at 6:38 PM, nooooojgjg wrote:

    It's mostly boomers who run this nation... Now let me ask, how well is this nation doing...? Not very well at all.

  • Report this Comment On June 29, 2013, at 6:42 PM, whyknotu wrote:

    I always thought it was OUR elected officials and illegal immigration has wrecked OUR country. I think I'll keep thinking that, tyvm.

  • Report this Comment On June 29, 2013, at 6:53 PM, gskinner75006 wrote:

    Sounds like the author is a member of the entitled generation that is on the hunt for an unguarded pocket.

  • Report this Comment On June 29, 2013, at 6:54 PM, blametheADD wrote:

    Not quite sure how you can blame an entire generation of people for what the government has done to this country. Of all of the boomers, less than 1% had to do with policy making and direction of this country. Want to place the blame on some one, place it on the war profiteers and the corporations that own your politicians and president.

    My boomer parents are just as disgusted with the broken system as this gen x kid is. People just need to wake up! 20 years in the mil and I was blind to what was going on with my company and country. Now that I can see and am 'awake' I am fearful that this country is going the way of the dodo, in your life time you may very well hear about or fall into the "American Communism"

    "I awoke only to find the rest of the world asleep"

    Leonardo daVinci

  • Report this Comment On June 29, 2013, at 6:59 PM, salv2442 wrote:

    As a baby boomer, I cut my partent's grass as well as most neighbors grass. There were no landscapers back then. Today's generation has been raised with silver spoon in the mouth. They don't know what it is to sweat for a buck. So don't blame the generation. Blame the stock market that put commodities on the market. Now you don't have to worry about anything running out. But how much it will it cost from day to day. It is wrong that someone with lots of money can make even more money without having to work hard at it. The rich get richer and the rest of us cannot afford to heat the house or fuel our cars. Shame on the government for letting this happen.

  • Report this Comment On June 29, 2013, at 7:10 PM, 7again wrote:

    A great example of why Gen-X'ers are known as the "Whiners Generation." Wanting to blame an entire generation for events outside their control is so Gen-X. So the world has changed in the past 30 years. What did you expect, that nothing would ever change just because it's you? Get over yourself!

  • Report this Comment On June 29, 2013, at 7:14 PM, Meroveus wrote:

    I genuinely believe that the Baby Boomer generation has been a scourge and parasite on America. The cost of the selfish behavior of this generation will have to be payed by the generations to come. Thanks for nothing.

  • Report this Comment On June 29, 2013, at 7:14 PM, jondaly wrote:

    left unsaid (despite all the charts) is that the boomers greatly expanded the welfare state with disastrous results: an enormous surge in the number of single parent families, increased crime, and the COMPLETE breakdown of the family in much of america, especially in the African American community. The DIRECT result of this: more income inequality despite massive income redistribution.

    the problem isn't so much that Boomers were selfish -- they were -- but they were also too generous.

  • Report this Comment On June 29, 2013, at 7:17 PM, strifle wrote:

    b..............................................s.

  • Report this Comment On June 29, 2013, at 7:28 PM, SpecialK007A wrote:

    Good article. Of course, so much of this was predicted 20 years ago, when I was finishing up college, so those of us who remember have prepared for it.

    Now, I teach college courses. At the risk of being the old fogey, I will say that there is a distinct difference in attitudes among the Millennials and other generations, including my own, Generation X. We spent money frivilously when we were younger, but we didn't indulge ourselves in luxury so much.

    I get so many students today who say they can't afford to buy textbooks and that college is too expensive -- but they jet down to Florida on weekends to stay in hotels, have the complete cable/Internet package in their apartments, drive late-model cars, and go out to eat and/or drink 5-7 times a week. There is definitely a different set of priorities for so many of them.

    I worked my way through college to graduate debt free; yet many in this generation are perfectly willing to go into debt so they don't crimp their lifestyle. They want it all, and they want it all right now. For them, luxuries are necessities, It's no wonder so many of them are sailing right toward financial disaster all while having very unrealistic expectations of where their college degrees will take them. And their expectations are that their parents will bail them out.

  • Report this Comment On June 29, 2013, at 7:30 PM, bamissfa wrote:

    to jondaly above, the FED GOV made itself

    single black womens' GOD and their baby daddy so single black women don't need a husband or father. it/s the fed gov's fault.

    They pay welfare and food stamps PER CHILD.

    the max in my state is almost 3 grand in food stampe per month course you have to have a boatload of babies.

    I think after 2 and you can't support your own children the GOV should sterilize these people on welfare and food stampx.

  • Report this Comment On June 29, 2013, at 7:32 PM, villagenitwit wrote:

    Awww just hold ya horses, we boomers are dying off fast. Credit all those cigarettes we smoked, Bacon we ate, Butter we slathered on our potatoes and white bread, the hours we spent in the sun sans spf 99999, The mercury we played with, and all the other things deemed too dangerous today. Get a grip folks boomers are aging and guberment is workin' hard to ensure that we will get medical benefits cut off as a culling measure. Our biggest failing was having too many babies ourselves.

  • Report this Comment On June 29, 2013, at 7:39 PM, upzcx21 wrote:

    This writer does not know what the heck he is even talking about. This entire article is total crap.

  • Report this Comment On June 29, 2013, at 7:56 PM, alamo0809 wrote:

    I am very disappointed in the headline and the over-generalization of the topic. I am a baby-boomer. I am barely above the poverty line, have spent my college educated professional life in public service and only wanted to live an ethical life.

    Our generation had it's share of altruistic idealists along with it's greedy bas----ds as will the next generation and the next.... The challenge is finding people who care enough and have the power and courage to rein in the greedy ba----ds. Good luck to us all.

  • Report this Comment On June 29, 2013, at 8:13 PM, fpl1954 wrote:

    So what may be going on is there are only so many middle management positions to run US Industry. When there is a boom in population, the natural result is more unemployment and a smaller PERCENTAGE of middle class. Reduce the population and the same number of middle managers results in a larger middle class and higher overall income. The 1% are probably getting the same income, but there are more poor people because there are more people. This points out the stupidity of encouraging immigration, legal or illegal. We need fewer people, not more.

  • Report this Comment On June 29, 2013, at 8:16 PM, Chardonney wrote:

    What a bunch of stinkin' huey this article is!!!

    All those charts are just that--charts. They don't tell the real stories of why the numbers are up or down.... we have a high number of drugged out brain damaged hippies who can't work, new hippies on meth or alcoholics, and the poor from other nations allowed to move here as refugees. More people different needs and more $$$ going out. I could go on and on but so many have already pointed out the stupidity of this article.

    There are just so many good comments by the likes of SpecialK..,bamissfa, blametheadd, gskinner, 2smartforlibs, RMengineer...really too many other to list all, but I especially liked rightislight and inreality101!

    Others like Randyncc are idiots/sheeple!!!! How old are you kids?

    What a ridiculous article!!!!!!!!!!!!!!!!!!! Go back to school and learn REAL history (The OLD books not the new &@%#, and economics (NOT that Keynesian crap!!!!!)!

  • Report this Comment On June 29, 2013, at 8:21 PM, rescuegal wrote:

    " However, surging demands from entitlement programs have flipped the script, and the United States now spends more than $1 trillion more per year on entitlements than it does on public investments. In 10 years, as more boomers retire and begin to draw on Social Security and Medicare, that gap will grow 150% larger."

    Now hear this! Social Security is not an entitlement program. We paid into it and government thieves pilfered it.

  • Report this Comment On June 29, 2013, at 8:31 PM, reality123456789 wrote:

    I am a baby boomer. Disappointed in my own generation! Where are our leaders? Where are the grown-ups saying STOP BORROWING money you can't afford, STOP EXPECTING your children to pay for the money you're borrowing now? When the bond market falls whose fault will it be?

  • Report this Comment On June 29, 2013, at 8:41 PM, KPPM wrote:

    Exactly correct SS is not an entitlement program that is given freely.

    WE PAID FOR IT.

    We worked, we took care of our families and we helped our communities.

    This idea that we are selfish, is a myth.

    I help my 82 year old neighbor with his yardwork, we give to the United Way and St Judes Hospital every year. We vote, stay connected and pay attention to issues-we do not bury our heads in the sand-then come up for air with a plan to find someone to blame for everything from income inequality to the debt of the nation.

    SS has not increased the debt one cent-but borrowing from the SS trust fund that has been done under Repubs and Dems has cost plenty.

    So in the 80s a plan was devised by Reagan and O'Neal to shore it up-we the boomers-said okay we will pay more, we will do with less at this moment...most boomers now are willing to see some changes in the SS system that will help shore it up-but others want to scrap it or privatize it (which will lead to its even earlier failure) we did our part-we continue to do our part in hundreds of ways each week.

  • Report this Comment On June 29, 2013, at 8:42 PM, dallastiger wrote:

    Horse sheet! I am a boomer. It was the parents of us that have put this debt on our nation! They are not the "Worlds Greatest Generation!" PAY YOUR TAB before you all die. It is not fair to us.

  • Report this Comment On June 29, 2013, at 8:58 PM, PigletOctopi wrote:

    A Baby Boomer here. I would like to know why people think we are saddling them with our retirement. We paid in a lot of money along with our employers, do you think it is fair that we just walk away from that? I guarantee if that were your money that you gave to the government you would be wanting it back. Instead of blaming the Baby Boomers, put the blame were it should be - the government giving away all kinds of our money to people who refuse to work, governments that hate us, Obama phones, illegal immigrants and the list goes on.

    On another note, shame on Motley Fool for allowing such a prejudice article. I am rethinking my subscription here.

  • Report this Comment On June 29, 2013, at 9:15 PM, TiffanyLA wrote:

    This is a fantastic article with great visuals facts to back up the main points. Of course baby boomers are going to dislike this article and try and discredit it, but facts are facts. I find it sort of sad seeing all the comments from the baby boomers trying to blame their children. Not one comment saying we're sorry for leaving you a country so messed up and in debt. If you want to laugh and cry about what is and what used to be possible in America look up "Economy Steve" meme.

  • Report this Comment On June 29, 2013, at 9:33 PM, Nelle1949 wrote:

    I am so sick of this war on baby boomers. For heaven's sake, you've known we were here for the past 70 years!! And for our children and grandchildren to carry on like this is just beyond belief. If you want to blame someone for the downfall of the economy and this country you need to look to Reagan. (And he was NOT a baby boomer.) Jimmy Carter tried to tell the selfish people in this country that we needed to change course. If we had followed his advice we wouldn't be in the mess we are now. But no, Ronald Reagan got into office and said "We're Americans. We can have anything we want. Turn up your heat, turn down your AC. Buy super big gas guzzling cars." And let the government borrow from your SS funds.

  • Report this Comment On June 29, 2013, at 9:35 PM, CarolAnn123 wrote:

    "Every generation blames the one before",,,,,,always have, always will.

  • Report this Comment On June 29, 2013, at 9:38 PM, LAGirl1 wrote:

    I agree with Dadx above. I guess each 'generation' has its faults, but I'm not a fan of the 'greatest generation'. They came of age in the Great Depression, a scary time for sure, and went to war, took advantage of the GI Bill, housing and jobs, then when their kids were grown, started voting against 'the gubmint' and taxes that made their lives possible.

    To our credit, we baby boomers have incorporated feminism, racial diversity and the lack of job security into our lives. We have better relationships with our children, don't put them down like some of the 'GG' parents I saw, and I believe we'll be healthier, less cranky old people.

  • Report this Comment On June 29, 2013, at 9:38 PM, herky46q wrote:

    Looks like a coincidence.

  • Report this Comment On June 29, 2013, at 9:43 PM, 7again wrote:

    You could claim that women in the workplace created all the ills of the country by using the same charts and statistics. You could claim that giving blacks equal rights created all the ills of the country by using the same charts and statistics. You could claim that having a football "Super Bowl" created all the ills of the country by using the same charts and statistics. All "happened" during the same time period. The author is throwing up charts without proving any direct correlation between baby boomers and the charts and statistics other than the fact that boomers existed during the same period as the changes in the economy.

  • Report this Comment On June 29, 2013, at 9:54 PM, foolforareason wrote:

    A bunch of charts, alot of talk, but still no reason for why this is suppose to be our fault? Here is my answer we worked and are still working our butts off. This generation has been convenced a degree is the answer with all the worderful dept that goes with it. Welcome to the real world. So you got a degree and you think that entitles you to a great job and income, WAKE UP hard work is what gets you that great job with a great income. That is what the boomer generation does and continues to do. We understand hard work, this generation better learn the same if they expect to survive. Welcome to the real world grow up put your big girl panties on and work like we do..............or set there and cry, make your charts and your excuses, why the rest of the world passes you by. Got to go still working my but off for a great income and enjoying every minute of it, and I MAKE NO APOLOGIES .............I WORK HARD if you did the same maybe you could enjoy some of the same success of the boomer generation.

    Signed: BOOMER ............WITH NO APOLOGY!!!!!!!

  • Report this Comment On June 29, 2013, at 10:40 PM, anantharandan wrote:

    How ABOUT we put 2 MORE WARS on CREDIT CARDS, to see if we will be a "third world" country for another 10 generations to come??

  • Report this Comment On June 29, 2013, at 10:46 PM, mtntexas wrote:

    Why not blame it on left handed Lebanese lesbians from Louisiana?

  • Report this Comment On June 29, 2013, at 10:54 PM, nhpetek wrote:

    Easily one of the more patently STUPID articles I've ever read. You use statistics like they're a sledgehammer. And only serve to embarrass..... You. And given the dog and pony show I had to go through just to add these comments: you're quite obviously more interested in harvesting e-mail addresses than anything else. Certainly NOT intelligent journalism.

    Shame on you......

    BTW: Caveat emptor....... Buyer beware... This whole article is just a vacuum cleaner sucking up e-mail addresses from irate commentators.. The Internet officially sucks.

    Thanks.. you a-hoes.

  • Report this Comment On June 29, 2013, at 10:55 PM, johnoconnor1960 wrote:

    What crap. According to this story the 1% of the Baby Boomers made it big so blame the other 99% who don't have enough to retire with nor will they ever????? Alex Planes, you're an idiot. You should not be allowed to write articles even for Yahoo. I'd write a lot more but this article is soooo stupid it doesn't deserve my time or effort.

  • Report this Comment On June 29, 2013, at 11:33 PM, luckyagain wrote:

    The rise of the Republicans in political power matches the rise in the 1% getting more and more of the national income. Does anyone not see the correlation or is that beyond understanding?

  • Report this Comment On June 30, 2013, at 12:26 AM, fireanrain wrote:

    Those of you who are knocking the boomers do not have a clue. Without us boomers you would not have cell phones, computers, color t.v.'s, microwaves, and many other amenities of life to help you live more comfortably. Not only that you never had the chance to grow up with with Elvis, The Four Tops, Drifters, The Four Seasons, Gary U.S. Bonds, Supremes, Areathea Franklin, and recording artist of old time rock n roll. Other than gospel music, no other music has ever touched the heart and soul of this nation like old time rock n roll. We experience the real muscle cars of the 60's adn 70's. Yes, we drove those 427 c.u. Corvettes with 450 hp. We experienced the g-force torque from a Plymouth Roadrunner or Dodge Coronet. And, we drove the real Shelby Mustangs. Those vehicles will never be matched. We witnessed the assasination of a president, Viet Nam war, man stepping foot on the moon for the first time, When we faced adversity we did something about it instead of whining and blaming our predecesors. Every generation after us seems to become more and more dependent on prior gererations to give them everything. It's time to "get up, dress up, show up, and man up" and get a job, get medical insurance, start a retirement plan while you are young. Don't expect someone else to do everything for you. WE baby boomer paved the way for you. What are you going to do about it?

  • Report this Comment On June 30, 2013, at 12:26 AM, trickybarry wrote:

    Blaming a generation is pointless. The old are always going to be perceived as greedy because they are richer, the younger generation is always considered to be slackers, etc.

    What is wrecking this country is the cozy marriage of government and business, greed at the top, apathy and ignorance at the bottom, and a huge helping of brain-dead liberalism.

    This country operated pretty well from the 1940s through the 1980s as far as distribution of income and the soundness of the dollar is concerned. Let's try and get some of that back and not try and turn America into a nanny state. When in doubt, look to the Constitution.

  • Report this Comment On June 30, 2013, at 12:37 AM, quasimodo007 wrote:

    No . it was evil bush and evil cheney corrupt contractors and the EVIL Gop congress and their mafia style Privilege Crooks of wall street who Committed Fraud on a Grand Scale and Mismanaged Billions of Dollars that was sent to the London FTSE Bank Barons to hide the Stolen money. Not One of the GOP privilege Crooks of wall street went to trial or jail but Got Huge bonuses and Pay while POOR Americans Lost their Mortgages,4o1, retirement money. saving , they Outsourced US Jobs overseas while the GOP gave the privilege crooks Billions Dollars TAX Breaks and TAX haven.the

    GOP congress and their Mafia style Privilege Crooks MOTTO is GREED and More GREED Corruptions, Lower the Standard of Living, and THE GREAT American RIP OFF on POOR Americans. Bigger bonuses and pay for the Privilege Crooks of wall street.

  • Report this Comment On June 30, 2013, at 12:43 AM, quasimodo007 wrote:

    How about evil bush and GOP congress and evil cheney creations of the Evil CIA,NSA and the Most Evil Monster FISC/FISA cheney loyal US Military TOP BRASS who give cheney corrupt Contractors Military Contracts that cost the TAX Payers Trillions of Dollars. that money should be spending Money on Poor Americans who need it . But they Rather Waste on spying On Americans too.

  • Report this Comment On June 30, 2013, at 1:40 AM, frellmedead wrote:

    That is because the baby boomers got selfish and greedy to the point of stupidity. That was evident with the banking crisis and is still rampant in business today, making decisions to boost short term stock prices instead of in the interest of the long-term health of the company. Unfortunately, those responsible have not been required to suffer the repercussions of their irresponsibility.

  • Report this Comment On June 30, 2013, at 1:49 AM, frellmedead wrote:

    Notice that the trough in the graph began with the end of World War 2, and the birth of the middle class. The trough continued to get deeper and continued consistently as the middle class continued to grow and get stronger to right after when Reagan was elected, when the war on the middle class by the wealthy began. "Yes, there is class warfare, it's my class, the rich class that is waging it, and we're winning." - Warren Buffet.

  • Report this Comment On June 30, 2013, at 3:56 AM, vfordmom wrote:

    Ok, I hear all of your points that each of you are trying to make. My problem with all of this is the fact that the government has taken it upon themselves to borrow our money from OUR ENTITLEMENTS without receiving permission from any one of us. None of my parents, grandparents or myself ever received any documentation requesting permission to utilize our money. In fact the money, actual cash was taken from our social security for other government debts. They say " repayment for the borrowed money is in the form of Treasury Bonds. Is there really any cash to back those bonds? People, we all need to stop complaining about what we don't like and start implement our rights as Americans. We employ those in our government offices. If we don't like the job they are doing, we need to fire them and appoint someone else."WE THE PEOPLE" can do this. It is our constitutional rights. When will any of you begin to exercise these rights as our forefathers did? If you want to really be heard, THEN BE HEARD! Show them what Americans are made of and what we are capable of doing as a United Nation. Key word, UNITED, not a selected bunch of people with swollen heads deciding how our nation is to benefit them more. My god, they've even made embarrassing cuts with our military. Why would anyone want to volunteer their lives for what they get back out of it? I'll get carried away if I keep going. Anyway, you get my point.

  • Report this Comment On June 30, 2013, at 4:08 AM, VintageV12 wrote:

    First of all, very few boomers were into that whole peace and love thing, just like very few actually smoked pot.

    The biggest problems of boomers is the huge number of them that caught up in materialism, and the number that gravitated to the financial sector in hopes of satisfying that need/

    You know like Alex Planes, the author of this piece, and all the others that dedicated their life to money in the process of destroying America.

  • Report this Comment On June 30, 2013, at 4:10 AM, cowboy7372 wrote:

    I find it rather amazing that they want to blame the baby boomers for everything when reality proves that it is they who formed the unions for worker safety, paid trillions into social security to cover our retirement needs, & yet no one seems to remember George W Bush stole from social security to start his war in Iraq. Jimmy Hoffa went to prison for borrowing from the teamster retirement fund, & yet POLITICIANS can do as they wish without reproach from LAWS because they are above them. Please be smart enough to put the blame where it belongs. THE GOVERNMENT MAKES THE RULES & CONTROLS THE MONEY. PLAIN TRUE FACT OF LIFE. We earned it, paid it & THEY spend it.

  • Report this Comment On June 30, 2013, at 7:25 AM, PigletOctopi wrote:

    I find this article one more step toward degrading older people. It seems the culture today is beginning to think that older people have little to no value and not only is this insulting and hurtful, it is wrong. We are not saddling any of the younger generations for our Social Security or Medicare, we have already paid for our retirement. You that are younger need to know those elected officials that you vote in have consequences. All the freebees given to those who don't need it or who are not even citizens are they more valuable than those who have worked hard, took care of their families, paid in their taxes and Social Security and honored their elders? Wake up America and realize we cannot do for everyone in the world and neglect our own.

  • Report this Comment On June 30, 2013, at 8:26 AM, mellison36067 wrote:

    America is more corperate than constitution. Baby boomers sold america out to facism. I love my family, mother, father/s, grand, ect. And to save liberty, and constitution. They need to step bown/aside. The "MILLITARY" DOSE NOT read the constitution anymore(so whats the outh/11th). Mcdonalds has taken over the messhalls. Marines are trained by "MOSSADS". And mallitias are seen as alquida.? Police arest for revenue, patsys, and black drafts to Iraq. Even texers now.??? Seems Bin Laden won. Same with north coria. And russia. Tbey just lobbied our nation to become tberes. America is the mid-east. Same here as there it seems!

  • Report this Comment On June 30, 2013, at 8:47 AM, mellison36067 wrote:

    will dictate t will dictate that governments long established should not be changed for light and transient causes; and accordingly all experiences have shown that mankind are more disposed to suffer, while evils are sufferable, then to write themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the the same objective advances a design to reduce them under absolute despotism is there right it is their duty to throw off such gov.(state, county, city, fed). And to provide new guards for their "future" security.; "Decloration of Independence"

    Babyboomers and millitary realy need to read it.

  • Report this Comment On June 30, 2013, at 8:54 AM, sexegenerian wrote:

    Really? Income inequality? There's another ship that sailed without me. After I retired, they hired a 29 year-old to replace me. Within 2 years, he was making 20% more than my highest salary. I figured they knew they had me by the shorthair. I couldn't squawk about my compensation because, at my age and state of health, I couldn't afford to be without health insurance. Depressing!

  • Report this Comment On June 30, 2013, at 8:58 AM, mellison36067 wrote:

    Prudence indeed will dictate that governments long established should not be changed for light and transient causes; and accordingly all experiences have shown that mankind are more disposed to suffer, while evils are sufferable, then to write themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same objective advances a design to reduce them under absolute despotism is there right, it is their duty to throw off such gov.(state, county, city, fed). And to provide new guards for their "future" security.; "Decloration of Independence"

  • Report this Comment On June 30, 2013, at 9:13 AM, mellison36067 wrote:

    Babyboomers need to be arrested for revenue, for texting, or pill popping.(the meds say not to drive). And have them black drafted to syria! "Seeing they made they children homeless! On the soil there 4 fathers built!" Tommis jefferson

  • Report this Comment On June 30, 2013, at 9:26 AM, mellison36067 wrote:

    The fadeing out of the constitution, is all the proof needed! Millitary never reads it. Courts use.a.patriot act instead of rights/bill or fights. Mcdonalds took over the mess halls. And millitay contracts! (Mcdanolds is Chinese!). Also where are the jobs, tbe WW2 vets made for US!??? All the proof needed!!

  • Report this Comment On June 30, 2013, at 10:01 AM, forgottengen wrote:

    wow. After reading the comments it's obvious that, for all their education, the boomers certainly aren't the 'smartest' generation. Their parents not only built up a middle class but they did it by thinking about working people and their communities. Invested in roads and infrastructure, supported unions, invested in education. Then the boomers decided that 'the corporation' was all that mattered. They ignored what their parents had provided for them, and convinced themselves that they did it all on their own. That they were so much smarter than their parents. They were going to be 'professionals', and turned their noses up at working people. They didn't have to worry about the middle class, because they were going to be in the upper class. The elitism of this generation is staggering. Funny thing is, the commentators saying 'don't blame a whole generation' then go on to blame whole groups of people. 'It's the poor immigrants' fault', 'it's the fault of blacks who have been born and raised in ghettos', 'it's the liberals fault' (that last one is funny since the GOP has held most of the political power during the boomers reign). But, the charts that you ignored, but are actually far more important, are how this 'consumer generation' has gobbled up the earth's resources at an astounding pace..far faster than the earth can possibly replenish them..and have handed their children and grandchildren an absolutely devastating environmental mess to deal with.

  • Report this Comment On June 30, 2013, at 10:20 AM, tonybonbon wrote:

    Don't blame us, blame our hor...ny parents.

  • Report this Comment On June 30, 2013, at 2:03 PM, PigletOctopi wrote:

    I am shocked that some people can lump all of the baby boomers into one big pile of hate. Just remember one day younger generations than yourselves will be judging you and you will get to feel the sting of disdain. Hindsight is always 20/20.

    What this article doesn't do is show all the positive things that the baby boomer generation deserves credit for. And for those who hate us they will never give us that credit.

    And shame on Motley Fool for publishing such an inflammatory, one-sided article. Prejudice is a nasty thing.

  • Report this Comment On June 30, 2013, at 2:54 PM, disgustedbyou wrote:

    Let me assume your article is joke! While I totally do not disagree with your article because I am at least open-minded, which is more than I can say for your thought patterns. I am a baby-boomer as you described, who worked my whole life, paid my bills on time, raised my children without government support and saved for my future so the next generation would not have to subsidize any failures that I alone created. I also paid my federal, state , Medicare and Social Security taxes out of my payroll checks. I live in a time where our government has grown deaf ears to our cries of injustice all around us and yet they continue to dig a hole so deep for any of us to crawl out of! So tell me what more do you want me to do and I will try to make that happen. Contrary to belief Social Security and Medicare are not entitlements programs because I never realized that the 238,000 dollars my employer and I paid into the system was free!!!

  • Report this Comment On June 30, 2013, at 6:12 PM, bthebigone wrote:

    Yes, us Baby Boomers doomed all that follow. What a crock.

    We have elected and appointed officials kowtowing to corporations that are only out for themselves. We never get to vote for a majority of the laws or bills passed by our self centered officials favoring themselves. When we do vote for a good cause there are always more unrelated stuff added that divert the impact to unknown or unwanted places. They don't even have to live by the laws they pass.

    I'm offended by being lumped together with the " evil Baby Boomers ".

  • Report this Comment On June 30, 2013, at 8:08 PM, gade12 wrote:

    What an absolute joke this article is. I guess the author conveniently forgets that we still have not had a baby boomer in the office of the presidency. Most of the major corporations and nearly all of the big stock funds are being run by people older than the baby boomer generation. Since the baby boomer generation has been paying into the entitlement programs their entire lives and have just recently started retiring then how could they have depleted the SS funds? The only thing the baby boomer generation did wrong was to spare the rod and spoil the child. Check out the average age of the senate and house and you will also see that the baby boomers have not yet reached the leadership positions, the current leadership is older than the baby boomers and this is true of most of the supreme court also. When we baby boomers move into the positions of power maybe we can straighten this country out.

  • Report this Comment On June 30, 2013, at 8:26 PM, MIALON09 wrote:

    I dont think all you baby-boomers truely understand the meaning or significance of this article. Youre dwelling a bit too much on a happy-go-lucky period you all enjoyed which were possibly blind to the realities of life which perhaps the government purposely pushed towards you all so that only good was portrayed in the states & around the world. Maybe its that i happen to be an econ/fin major & from the millennial period that i happen to understand this to a broad extent economically & realistically. As it happens, this article cant paint any more truth to what has occurred over the decades i believe & exactly what ive pointed out as well for the past 3-4/yrs now since after the first courses of my uni days. Just to highlight, this is not directed to all the baby-boomers who worked hard or earned a good living & happened to become successful easily because in all honestly, until the 70's there really was no global competition. This is directed to all those baby-boomers in the political & finance world as many here have pointed out that have in fact, sold out America at the expense of the post baby-boomer generations & specifically my generation onward. And that is the truth. The only fact that this article doesnt point out specifically is that over 70% of the US wealthy is held by those of the baby-boomer generation so yes, stick to the fact emphasized in the title of the article & point intended & nothing more, that the baby-boomers have left us with less. Thats the point. Dont complain, dont argue; just stick to the facts & hush those old-geezer lips & mouth & see the graphs. If youre that hollow-minded then take up some basic economic courses & your nearest ed. facility. The truth is in the numbers - the graphs. Hope we dont repay you back at the nursing homes in the foreseeable future as mentioned by one reader. Cheers

  • Report this Comment On June 30, 2013, at 8:27 PM, RN00743 wrote:

    Even more than financially, the baby boomers destroyed and continue to destroy us morally. They are the ones that wanted "free love", drug use, abortion (because of the so-called "free" love), welfare (when your drug use caught up with you, so you couldn't work or because all your earnings go up in smoke or alcohol), easy divorce, adultery, gay rights and the care not one iota about the consequences to our society now and for the years to come. All they care about is what they want, period.

  • Report this Comment On June 30, 2013, at 9:16 PM, Allend406 wrote:

    I like how people with no liquid net worth, or political influence are getting offended by this article, prob jus read the title and than commented. He is talking about the influential members of the baby boomers, who have come up than made it harder for future generations to do the same. They have endlessly raised college tuition, grown the top 1 percent, destroyed the middle class. The politicians everyone is blaming are the baby boomers.

  • Report this Comment On June 30, 2013, at 11:45 PM, PigletOctopi wrote:

    To place blame on one group of people is extremely inflammatory. Anyone with a high school diploma can make numbers "work" for you. And before you say that isn't true, there are tons of examples. To place blame on a group of people and not individually is prejudice pure and simple. If the author had a problem with a subset of a larger group, then he shouldn't place blame on the whole group. I only hope that when your generation is judged by the younger generations they will have a spirit of kindness about them.

    I believe that younger people are trying to figure out where to place blame for all of their problems. And why not the older generation, after all this culture no longer values it elderly. And they have the illusion that we are weak. Do not make that mistake.

  • Report this Comment On July 01, 2013, at 7:23 AM, Rebelhushman3 wrote:

    You can tell how ignorant and dumbed down this generation is by their comment's..!!...You people don't even know what planet your on most of the time let alone know anything about politic's and what is happening to this country now..!!!...You are generation who doesn't care about anything or anyone but yourself's...You are weak,fragile and cry about everything.!!...Your lazy and would rather live off the government for free,than to get off your azz and find a job..!!...A generation that think's wearing pant's down past your azz,multiple tattoo's,bald head's,talking gangsta,,,well,any trend that the black culture start's...you copy...!!..You are so disillusional,that you think rap and hip-hop is music.....we,baby-boomer's,lived through a very historic time,wether good or bad,in this country...we contributed many thing's for our country that were positive..!!..We were the 1st generation to stand up to our government and were successful in stopping a meaningless war..!!..We marched with Martin luther king for civil right's...The best music,musician's and writer's came out of our generation...!!!...That era was the most magical and most special time in the history of this country.EVER...There will NEVER be a generation like that in our country again..!!..the one thing every generation has in common..is the obligation of it's American citizen's to fight and protect the the RIGHT'S and FREEDOM'S layed down in OUR constitution...!!!...No matter what it take's..!!...Wether it's fighting in war's and even sacrificing our life's..or fighting in the street's,protesting and expressing the will of it's people...!!!...Until now..!!....We have seen black's demonstrating and protesting in the street's...We have seen ILLEGAL Mexican's protesting and demanding right's that they don't deserve,and they aren't even citizen's of this country...most can't even speak English..!!!...But we see NO one from this generation X...In the street's FIGHTING in the street's,,To protect the RIGHT'S and FEEDOM'S of the American citizen's of this country...!!!....They could care less...!!..There just sitting back and letting this government and corrupt politician's..ignore us,like we are not important,and don't exist,while letting ILLEGAL ALIEN'S take over OUR culture and OUR country...!!...This generation will go down in history...as the generation that helped DESTROY...the UNITED STATE'S of AMERICA..as we know it..!!...PATHETIC...............D.............

  • Report this Comment On July 22, 2013, at 9:22 PM, gary2323 wrote:

    it's all about entitlements and yes it's true that back in the 1960's millions of boomers secretly met and planed it all out. that is how we boomers would really stick it to the next generations and live the life of Riley at their expense.

    imo it is not who messed up but what is messed up. what is messed up is the rapid changes of the past century mixed in with vampire capitalism.

  • Report this Comment On September 28, 2013, at 4:11 AM, UNITEDWESTAND89 wrote:

    The baby boomers who think they worked harder than the x and y generations have their heads up in their dark holes. Everyone works hard for their money except the baby boomers got more for their money. The cost of living was less for the baby boomers than it is now for the x and y generations. Also because of inflation the x and y generations make less than the boomers when comparing income to expenses; i.e. gas, food, housing, utilities, and taxes. Already I’m hearing from the boomers that, now they are collecting social security benefits, that they are on a fix income and need more in the form of a C.O.L.A raise. Which means the x and y generations must pick up the bill by raising social security deductions from 6% to 15% employee deduction totaling 30% employee and employer deductions with less pay for the worker. Why does the baby boomer generation think they are so privileged to this royalty? It’s because their parents gave them everything the previous generations didn’t have because of hard times and got spoiled to it. The baby boomers were so spoiled they didn’t know how to raise their own kids. They used TVs and video games for our baby sitters and now blame that we are no good because of too much TV and video games. The baby boomers generation should be relabeled the self centered spoiled generation which destroyed America as we knew it. So before you hippies, draft dodgers, corrupt politicians, and you self centered spoiled babies who think you are such a great generation, there are generations who will outlive you to write in the history books how the baby boom generation almost destroyed the United States of America. This will live on forever.

  • Report this Comment On November 04, 2013, at 10:43 PM, Allend406 wrote:

    G

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