Wrote that Boomers were choking America's economy. Their responses are revealing

Wrote that Boomers were choking America's economy. Their responses are revealing(fortune.com)

8 points by ourmandave 4 hours ago | 5 comments

I'm not a boomer, but I've got my tiny violin. What I want to know is what this guy did to be tasked with writing for Fortune about the effects Boomers have on the economy. That has got to be the journalistic equivalent of a punishment detail.

jleyank 3 hours ago |

If the techbros are screwing up tech, how many are Boomers? Oracle, maybe, but I thought most were younger? Boomers, in many cases, are cashing out and returning assets to circulation.

bigyabai 3 hours ago | |

> Boomers, in many cases, are cashing out and returning assets to circulation.

Well, first they need a pension. And much of that comes out of your income tax.

jleyank 2 hours ago | | |

Pension? Perhaps the original Boomers got one of them, but "defined benefit" became "defined contribution" a long time ago for non-union, non-pharma people. Whole lot of tech workers, workers in smaller companies or those who changed jobs every 4-7 years don't got no pension. SSA, yeah, but there was lots of contributions to that. And I suspect a typical SSA pension is like 2K/month. Not a lot of taxes needed from the tech salaries. It's the IRA's and 401K's being cashed out and flipping homes to downsize.

The 1-2 generation behind the boomers got the juice now.

orionblastar 3 hours ago |

Everything is digital now. Some restaurants don't even have a menu; you scan a QR code to open their menu on a web page. Some specials are only in the phone app. DocuSign requires an email account and cell phone number. I had to teach my mother and father in 2004 how to use Windows XP, email, and Seamonkey. They died, and I still have their IBM ThinkCenter PC. To save all their documents. I grew up using a Commodore 64, so I learned the theories behind computer science. I later went to college and earned an Information Systems and Business Management degrees.