In 2024, there were more home buyers over the age of 70 in the U.S. than under the age of 35
(media.kotakuinaction2.win)
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So not only is social security going to collapse when the boomers die off, but so will the housing market. Everyone better buckle up. Shit's going to get wild in a decade or so.
My parents recently blew like $8-9000 on a riverboat cruise in Europe while I can barely keep my car running. I live with them due to me being white in this economy and they have the gall to ask me to start helping them with bills (they both drive Mercedes that they paid around $90k cash for). My mother says it is because I "don't work hard enough". I work in a warehouse lifting generators and refrigerators for several hours a night. In the last five years I have probably done more hard manual labor than my father has in his lifetime.
I'm only around 30, but my knees crackle when I squat. My parents think that I should have a $100k+ job by now. The irony being that I might actually have one by now if I didn't waste 4 years in college and another 5 trying to make it in that career as a straight white male in a very saturated heavy liberal field. They still think its 1983, because that's the last time they had to find a job.
And the worst part? My parents aren't even that bad by boomer standards.
My dad will unironically suggest I buy a house down the street from him in his Beach side community. He couldn't even afford to buy his home today. He doesn't realize that someone would need to make 5x what he made when he bought it in the 90s to be able to afford the identical house. Boomers truly are clueless to the struggle of anyone else, even not so well off fellow boomers, but especially their own kids.