Quote:
Originally Posted by calgarychef
Nope one word.....birth control.
The boomers were the first generation to have birth control and they used it lots!
They didn't have the big families that were common just one generation earlier and thus (drum roll please) there aren't enough offspring to support them through retirement and old age. Couple that with the fact that were living longer and don't die at 67 like we did when the retirement age was set at 65 and we need to support the elderly for a lot longer before they die, and.....with new medical techniques the cost of that health care has gone way up.
This was predicted about 30 years ago and at the time the boomers could have taxed themselves more to prepare for what we're about to see. They didn't. The rest of us are left holding the bag. Now they complain that they'll have to work two years longer (we all will). we complain about immigration that would add to the tax base and provide more workers when the boomers aren't working.
It's a mess.
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The boomers had about .947 kids each, the boomers kids only had .802 kids per person and their kids are the so called millennials. It remains to be seen what their birth rate will be but I'll guarantee you it won't be more than the boomers. So how is this all the boomers fault?
And how were the boomers supposed to tax themselves more? Just start mailing more money to the government so they can give it away to other countries! If it's that easy then why haven't the boomers kids and the millennials taxed themselves more to cover it?