Boomers are shockingly financially illiterate. My parents don't even know what the historical S&P 500 yield is. With all the money they've made in their careers, they should be millionaires. But they're not. And social security and immigration is going to bail them out while destroying the youth.
My dad warned me when I got out of college about credit cards. He told me that he didn’t realize for about 10 years of his life after getting one that you have to pay the balance on them each month. I could not believe this when he told me about it
>>540633302my boomer parents have literally kept a 30,000 balance on a credit card for like 20 years they just pay the required monthly minimum or just over it each billing cycle
>>540633474>>540633430BASED.
>>540633474if you wanted proof boomers are the ur-goycattle, here it is
>>540633474my mom does this as well what the fuck is up with boomers and credit they dont even fucking need. she just opened up 3 credit cards cause she is going on a trip she planned for.
Have you ever watched a boom-tard try to use self checkout at the grocery store? Top tier for worst things to endure as a human being
average boomer: $6 million in stock. average zoomer: $0.this thread is broccoli-headed.
>https://youtu.be/exmUlevMhNQ>lol
>>540633727
>>540633727https://www.google.com/amp/s/thehill.com/business/personal-finance/3991136-nearly-half-of-baby-boomers-have-no-retirement-savings/amp/
>>540633430It's an open line of credit as well that doesn't close and is part of debt to income ratio simply by being available even if you don't use it. If you do not pay it in full at least every 90 days so it hits 1A you are not doing your credit for mortgage and car etc.
>>540633727>average of 12mil and zero
>>540633727who’s gonna pay 6 million for boomer stocks?
>>540633474my boomer father had a $300,000 line of credit against a $200,000 house
>>540633302Yea, my dad was a lawyer for 30 year and still a rentoid
