baby boomers / 12 posts found
Social Security Insolvent-Just 17 Years And Social Security Is Done For
In this video I cover an article from American Thinker discussing the huge problem with Social Security. Social Security is set to go bust in 17 years. Last year 2016 Social Security was 54 billion in the red. Social Security is now paying out much more than its taking in. Many who receive Social Security make up the middle class making this a huge issue. These are your parents, grandparents who once squeezed will be a financial burden to all who come after them.
Demographic Wars- Baby Boomers and Millennials
In this video I discuss the potential conflict that is going to rise between the baby boomers and millennials . As the pension obligations cannot be paid, the cutting of social benefits for the baby boomers will become mandatory. This will cause boomers to try to vote even more laws to keep what they have which will foster conflict with the millennials as they continue to get screwed financially. In this article you see the potential problem brewing as baby boomers blame millennials for intended problems already going on.