They're not out-gambling them. The entire retirement system is literally the Boomers gambling that they can skip producing children and burn through their savings like it's going out of style, and still spend 30 years on paid vacation, by printing crazy amounts of fiat money, flipping houses, and buying tech-whatever stocks and Bitcoin ETFs.
They have gambled at such exorbitant rates that it's effectively The Entire Economy, and now they're like, "If you didn't eat avocado toast or bet $80 on polymarket, last month, you could also park your SUV in front of your McMansion and bathe in your stock options."
Most debauched generation ever lectures us on virtue. Part 12, in a series. Next up: _How we all divorced at 50._
Replies (3)
Yes, if you save money over 20-30 years you will have money when you get old just like boomers. Stocks have been performing better for us (I think we're roughly the same age) than they did for boomers.
Boomers' Ponzi scheme, fueled by Greenspan and Bernanke's easy money, will collapse, leaving millennials with debt and nothing.
i asked a minister is stock market/bitcoin gambling bad . he said something about the gamblers HAVE to exist in order for it to be successful.
so even though it's better for gamblers to reform, they are like the frontier settlers.
they had to start gambling on an "internet bean" in order for the more serious people to start wondering what the hell they were doing and start making fun of them and then finally researching it + writing books.
IMO boomers are not gambling enough and saving government bonds instead. they are trusting the government instead of financing the building of the future!
