Just Another Reason To Be Pissed at the Boomers.

I understand when older people get all bent out of shape when there is talk about changing Medicare or Social Security. The Boomers and their parents all based their financial lives on the promise of those programs taking care of them in their golden years. And, I don't think anyone disagrees that those 50 and older should not have their Medicare or Social Security touched.

What I don't understand, is why they would not want Gen X citizens (and those behind us) to have the opportunity to change the Medicare and Social Security system for our generation, or opt out of them all together. A Pew Research Poll recently revealed that current Boomers don't want ANY changes to Medicare...not for them, or anyone else! More details at Reason. What Boomers don't seem to understand, is that our generation already knows that Medicare & Social Security won't be there for us, and are making plans accordingly. But, if our current politicians look at these polls, and keep listening to the people that vote right now(the seniors), their influence is going to hinder any progress we can make right now in regards to our current economic woes and our future debt obligations.

Why is it that once a program is created, it NEVER sunsets? Previous generations can just pass legislation and financial obligations on to the future generations, and we get no say in whether or not it should continue? I just can't figure out why we are in so much debt.

Gen X: Hope you love to work! At this rate, I will retire in 2058.

I don't really need to add much to this...it pretty much says it all. Click the picture for the full story.

Retire at 80?

Retire at 80? Gen X stuck in work force.

Gen X (and Y)-Get Out Your Checkbook

I think the title of this post dates me...I should've called it "Get Out Your Debit Card". Either way, get ready to take on more financial burden, while at the same time not expecting any benefits.

For the 8 out of 10 of us that still have a job, get ready to pay. Starting in 2011, over 7,000 baby boomers per day will be joining the Medicare system.

LBJ signing Medicare into law

Here's a nice little nugget from an article in medicalnewstoday.com

"Put simply, costs are rising too fast for Medicare taxes to cover everything. A couple of baby boomers who reach retirement and had paid $114,000 in Medicare payroll taxes will typically require medical care costs exceeding $350,000."

You were hoping for Obamacare? Good luck. Do you think healthcare is a right? Think again. You can't demand a right to someone else's service. But, that's a blog post for another day.



Johnny Depp: Gen X or Baby Boomer?

Many Gen X females fell in love with Johnny Depp when we saw him on 21 Jump Street, back in the early days of Fox. He instantly graced the covers of Teen Beat, Bop, and a plethora of other magazines...and those pics found their way to the bedroom walls of teenage girls across the country. However, a post on greencelebrity.net asks the question: Is Johnny Depp really a Gen X'er, or is he (gasp) a Baby Boomer?

He was born in 1963, a year many see as a "generational cusp". However, it's difficult to accept the fact that he's not really one of us...Anyone who was alive when Kennedy was shot (no matter how young they were) can't really be defined as Gen X...at least not in my opinion. In the grand scheme of things it doesn't really matter. I think I just needed a reason to post the pilot episode of 21 Jump Street.