Re:California teacher pension debt overwhelms school budgets
by antisthenes on Thursday August 09, 2018 @02:54PM
(#17727291)
> The oldest baby boomers were still fairly early in their working life when the gains from the economy stopped broadly reaching the working class.
They were just the right age for reaping all the benefits from rising land and real estate prices, despite the real wage flat-lining at the end of 1970s
Not to mention that advancement and career progression were far more expedient in their day, allowing them to reap benefits earlier in their life than millenials today, who might still be working entry level jobs by their 30s.
> The generation who benefitted the most from the long post-WWII economic boom with wide distribution of gains were the Boomers’ parents.
And guess who inherited that wealth, since that generation is mostly dead now?
Re:California teacher pension debt overwhelms school budgets
by dragonwriter on Thursday August 09, 2018 @03:24PM
(#17727573)
> And guess who inherited that wealth, since that generation is mostly dead now?
By that standard, Millennials are the eventual beneficiaries, too.
The oldest baby boomers were still fairly early in their working life when the gains from the economy stopped broadly reaching the working class.
The generation who benefitted the most from the long post-WWII economic boom with wide distribution of gains were the Boomers’ parents.