this post was submitted on 27 Aug 2026
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A Boring Dystopia
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While certainly a bunch of them had bad luck, statistically, a whole bunch of them made bad decisions and/or squandered what they had.
PLENTY of us know a boomer who had a small fortune and pissed it all away because they thought making money was so easy more was just going to come to them.
The ones I know just pissed it away from buying stuff. Like the silent gen were still frugal but were constantly waiting for another great depression but the boomers would remodel something a few years after they remodeled because they decided they did not like what they had chose. Like not because it needed it do to age and things kinda falling apart. Or bought a new or remodeled place but had to remodel to get exactly what they wanted.
Did they piss it away on crypto or prediction markets? Did they piss it away specifically because they were born within a range of years?
There's a difference here - most day to day Millennial and Gen-Z workers don't MAKE enough to have the opportunity to be scammed. The yuppie, upwardly mobile class of rich college grads has been a minority for a LONG time.
The boomers grew up in an era where a high school diploma got you the equivalent of a 60k a year salary as a STARTING pay just for having a pulse, and a huge number of them retired with a pension.
There's a massive difference between being desperate and grabbing for an opportunity to get out of the endless treadmill to the grave, and having everything you need to be comfortable for the rest of your life and blowing it.
There’s little difference. While yes, the elderly themselves get scammed due to cognitive decline and extra targeting from scammers, all the youngins get ripped off too. You ain’t special. I gave crypto and internet gambling as examples for a reason…