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Blame the Boomers…

February 21, 2009

I read this in the Brazen Careerist blog. The last line sums what I’ve thought about the baby boomers for years, even before the recession….

Newsflash: The baby boomers got us into this mess. They borrowed against future generations. They mishandled SEC regulations. They ignored the environment. They set up a social security system that is going to break as soon as they’re done taking from it. And they took the best education this country had to offer, and then depleted the education system for the next generation.

Obama is the first Gen-X president. And, to the surprise of all the baby boomers who have been trash-talking Gen-X forever, it’s Gen-X that will bail this country out of the mess the baby boomers got us into.

In the meantime, Generation X is the first generation in the US ever that will earn less than their parents. And Generation Y has an incredible amount of debt due to baby boomers pushing up college costs and housing costs while real wages went down.

The under-45’s are stunned by the selfishness of the baby boomer era.

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One comment

  1. Yep- I’ve had a similar take on our Not-So-Greatest Generation as well. The 60’s and 70’s counter-culture ‘values’ are coming home to roost just like the idea of pushing trillions of dollars of sub-prime loans did to the current economy.

    Bad ideas and bad behaviors have bad consequences. I’m just under 45 and I am stunned at where we are today as a society.



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