[fone]

I’m positive you are more well-versed on the matter, but I thought I’d share a recent observation of mine (if it’s been said before, I don’t consciously recall it...)

The “great recession” stock market crash of 2007-2008 coincidently happened just as the earliest baby-boomers were reaching 62....in effect wiping out huge portions of their life-long savings. Followed by the collapse of the value of their homes...

Now again, 8 years later, a similar fate seems to be happening again as these same boomers are reaching 70 (many that were nearly devastated in the ‘08 snafu decided to go ahead and work until they were 70 to recapture some of their losses...)

Theory 1: Coincidence.
Theory 2: Timing is everything.
Theory 3: No coincidence at all, manipulation is everything.

FWIW.

[Retain Mike]

Since I was born in 1946, I am on the leading edge of the Baby Boomers. Therefore, I have decided I get to criticize this group as the most self-absorbed, worthless generation produced by this country until they began to form breeding pairs and have children. Such a view does not garner a lot of support at reunions and especially among the liberal folks. But oh well, I'll just add it to the list of "micro-aggressions" I keep accumulating.

I would speculate that central banks did not have enough funds to bail out everyone and decided private savings drew the short straw. In regard to any financial problems Boomers have to face, I think they had it coming whatever the cause.

They will also be among the first to face the bewildering consequences of Obamacare "death panels; but that is another really long essay.

Here is a copy of the letter I wrote about my generation a few years back.

From: Retain Mike
Sent: Wednesday, November 28, 2007 9:37 AM
To: WSJ Letters
Subject: Baby Boomers: The Worst Generation.

Instead of Boom! Tom Brokaw should have titled his book The Worst Generation. The focus of society since WW II has been on how to make Baby Boomer passage through life ever more comforting and affluent. Great perplexity now exists about what enabling behaviors to legislate concerning health care and Social Security to ensure them a retirement free of financial worries and moral concerns.

Baby Boomers have always possessed a great social conscience carefully directed into areas bringing them peer acceptance by costless displays of compassion. Their hijacking of the civil rights movement provides a clear example. The hallmark legislation affirming human equality was the Civil Rights Act of 1964, which became law just as the first Baby Boomers graduated from high school. The generations, which came to maturity in the 30’s, 40’s, and 50’s, are the ones, which paid the price and triumphed against formidable opposition.

Baby Boomers have an unprecedented focus on self. With that generation coming of age, the divorce rate first exceeded the marriage rate, and there was first enacted a nationwide Federal Support Enforcement program to track down deadbeat dads. In the 30’s, 40’s and 50’s syphilis and gonorrhea were the widely known venereal diseases. Now over thirty diseases are transmitted, and only professionals can keep track.

The Baby Boomer generation has achieved self-actualization through moral exhibitionism and militant self-absorption, and has strained the survival of this country as much as our Civil War.