Millennials say they wont care for aging Boomer parents vowing to put them in old folks homes
Not ok Boomer.Millennials claim that they refuse to take care of their aging Baby Boomer parents, who they blame for saddling them with soaring housing costs, student debt and other financial woes.The grievances first surfaced in a viral Reddit thread from 2023, which was responding to a Vox article warning that cash-strapped 30-somethings were not prepared for the financial realities of eldercare.However, the digital soapbox resurfaced this week as the post-war generation prepares to reach 80, with 4 million Boomers expected to attain that milestone this year, per the Wall Street Journal.In the thread, posted in the boomer-bashing subreddit r/BoomersBeingFools, the poster had deemed eldercare “not an issue” as “we refuse to take care of you,” adding “old folks home it will be.”“I think they should just pull themselves up by their bootstraps,” said another, invoking the age-old Boomer adage used to dismiss complaints by younger generations.“Most didn’t help their kids, why would their kids help them,” fumed a third.
A fourth wrote, “Only Boomers would openly rob multiple generations of a sustainable and secure future and still expect people to burden themselves further with their end of life care.”“Hey boomers, remember that social safety net you dismantled and those homes and cars you got before you pulled up the ladder behind you?” griped one disillusioned commenter.“Yeah, you need to sell that stuff to take care of yourself.
Because f–k you.That’s why.”Many were echoing long-running observations by economists that, contrary to their “hard work” mantra, Boomers benefited by getting in housing and equity markets in record numbers and at the just the right time before their four-decade appreciation cycles.
Fortune reported.They were also the largest voting bloc for nearly 40 years, from the 1970s to 2010s, meaning their votes influenced the policies that shaped housing markets, taxes on capital gains, the university syst...