
Blogger: Seniors are the 'me' generation
He says they're out of touch on issues like health care.
"Brainy Smurf" has called out fellow members of Gen Y for expecting everything to be handed to them. And now he's criticizing seniors for being focused on "me, me, me."
Many seniors' stands on recent issues also indicate they're out of touch with current economic realities, he claims in a post called "3 misguided senior perspectives from a 30-something" at Pants in a Can.
Basically, he says, seniors have had it pretty good compared with the lives of young working people.
His three observations:
Health care. "Yeah, yeah, I know they're all over the whole Medicare side of things (for their own reasons) but they can't understand why the 'younger' set is by and large upset with the wacky costs associated with health insurance," Brainy says. He and his wife pay a combined $15,000 a year for work-based health insurance.
Retirement. Many seniors retired with the benefit of a pension. Current workers have the 401k, and seniors don't seem to appreciate the difference, he says. "The fact is -- employers aren't going to take care of their 'former' workforce like they used to, and calling a 401k plan a 'retirement' plan similar to a pension is, well, like comparing apples to asparagus," says Brainy, who despises the latter.
Cost-of-living increases. He observes that some seniors are upset that Social Security recipients will get no cost-of-living increase next year because the cost of living has declined. "Maybe my job sucks but I'm pretty sure that I'm not alone -- I haven't gotten a raise since 2003," he says. "It might even be as far back as 2001, but plain and simple, right now I'm certainly not expecting a token raise anytime soon, you know, just because …."
It's your turn. Is he being fair or harsh? Does everyone circle the wagons to protect what they have? He concludes:
But in the end, it’s really funny to me as I can't deny that I've jumped on the bandwagon before and said stuff like, "Yeah, the bratty Gen Y's out there just expect everything to be handed to them," but now I'm seeing firsthand that AARP members are just as expectant of handouts.
Related reading:
RELATED ARTICLES
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.
ABOUT SMART SPENDING
LATEST BLOG POSTS
Selling your home? A few minor -- and inexpensive -- changes can give your house mass-market appeal.
VIDEO ON MSN MONEY
TOOLS
- How much will my savings grow?
Play with the factors that affect the size of your stash.
- How much should I save for college?
- Am I saving enough for retirement?
- How much car can I afford?



