We should all hope than Millennials are good with money or we are all in a lot
of trouble. The Baby Boomers decided to live life by getting what they want now
and paying for it later. We have a national debt of over $17,000,000,000,000
and the Baby Boomers now want to retire despite the fact that most of little in
savings and many are in debt. So the Millenials, Gen Y and younger Gen
X'ers are going to have to figure out how to keep Baby Boomer retirees out
of the poor house while dealing with the interest payments on the debt. While "taxation without representation" is allegedly wrong in
this country. That is exactly what we have done to the Millenials. We have
taxed their future to get what we wanted but did not want to pay for.
Any BabyBoomer who criticizes another generation for finances is blind and
deaf.There will never be another generation that spend more money
that it never had on itself than BabyBoomers. And now they complain when their
kids are smart enough to move back into their parents' homes until they
find a good job? Or until they have some real money to put toward a home?Our growing financial mess is due to many inputs, but the spending of
BabyBoomers will ensure their generation is one of infamy.