The boomers ate all the avocados
Comments
-
I mean, that's irrelevant right? It's their money.
It's more, if you're paying attention to the economic demographics, it's a policy nightmare. Arguably the retired, rich or not, are most sensitive to inflation, for obvious reasons, yet, as the wealthiest cohort, their spending is least effected by the main orthodox method of taming inflation; interest rates.
Does that mean there needs to be a bigger fiscal role in curbing inflation, and there needs to be more synchronism between central banks and governments? That's tricky to do as the independence helps make for better decisions (in general).
Again and again, the political implications of boomers affects everyone, and people are too afraid to tackle it head on. Their political might to restrict housebuilding, so that working age people spend more on housing (as a proportion of income) since before the war, which is all bought on credit as the prices are so high, so they are much more sensitive to interest rates, blah blah blah. It's one big cascade effect.
0 -
That's a lot of words to say very little.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
I thought that you were complaining that their spending was driving inflation higher, so was asking whether preferred that they kept hold of their money instead and passed it on to their children.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
j wasn’t complaining. This is the thread to discuss generational differences so it doesn’t pollute everything else, (even if this is the main political dividing line)
0 -
Mrs W and my good self as boomers having being splashing the cash a bit recently. But you will be pleased to know it’s her inheritance and we haven’t given it to our 10 year old grandson for a deposit on a house.😉
1 -
What is the dividing line, I mean the actual boundary? You know the watershed?
0 -
I'd prefer it if they spend their money, as Webboo and his wife are, that's a way of sharing their wealth that benefits others. Presumably they're also enjoying themselves whilst doing so.
0 -
Nah, take their passports off them so they can’t spend it on fancy cruises 😉
0 -
In the UK, the older you are the more likely you are to vote Tory and it’s pretty linear.
The crossover point varies from election to election
0 -
I give it 10 years and you will be voting tory. What to do then?
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.1 -
As a dirtbag rock climber of the 1970s/ 80s fancy cruises are not my bag. However I have been convincing Mrs W Alpine holidays are the the thing for the last 40 years. I’m not so sure that will work when she retires later this year.🤣🤣🤣
0 -
Alpine holidays are the dogs danglies. But not sure if they fit in with the classic boomer profile. I am not looking forward to boomerdom if I have to vote tory and go on cruises.
1 -
I seem to be going the wrong way on this!
0 -
That’s stark 🤔
0 -
Surely all boomers go on expensive ski holidays? And then probably pop out to their alpine pad for a short summer break.
0 -
I live a diehard Tory seat but a significant number of my boomer friends are stating they will be voting Labour. Interestingly the only posters for the conservatives are only posted on land owned by the local peer. Who’s peerage seems to one of the historical Irish ones. Rick might be well aware of the family as they prevented Charles the first entering Hull but the 2 of them were executed when they changed sides.
0 -
-
I am liking the sound of that. Can I have that when I come of age, without voting tory or does that stop you qualifying as a boomer?
0 -
I saw a chart today that the crossover point is currently 71 and rising.
0 -
I suspect that that's rising by at least one year per year at the moment. It's come to something when even boomers are deserting the Tory
shitship.0 -
Are you struggling with the thought that you may no longer be be able to witter on that all boomers vote Tory. Not that you are stuck in your views.😉
0 -
That may be true but have you cross referenced it with the top 1% earners?
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
I'm 63 and most of the similarly aged people I know are not tory voters, I suspect the older tory vote will reduce as the older population changes
0 -
It won't just avocados that the Boomers will corner the market for, it'll be this new anti-aging and anti-cancer drug:
I'm sure some people will be happy to have the older generation around for an extra couple of decades.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]1 -
-
I guess then they can afford to hang onto their massive houses for even longer.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
-
You probably don't appreciate the running and upkeep costs of a big house on a decent sized plot of land. I would guess that a lot of people who aren't working would find it a drain, but clearly if they can carry on working longer they won't need to sell it to millennial families.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]1 -
-
doesn't sound like a drug that would be outrageously expensive, if it's mass market...
i'd imagine many of the retired who partake of it would have to get back to work/sell up/do some belt tightening - pension funds could fail unless they can reduce payments or defer them for years, state retirement age would need to be jacked up fast
rc, you'll be on the hamster wheel into your 90s :)
my bike - faster than god's and twice as shiny0
