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Busting the boomers : Comments
By Damian Jeffree, published 27/11/2006Baby boomers may have to give up some of their ill-gotten gains to achieve a more equitable future.
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In case what I've said has made Spider's hackles rise on the mistaken assumption that I'm just another greedy hoarder. I am 58. I own half of one humble house in a regional area. I have inadequate superannuation for my retirement and I plan to work until at least 70 if my health holds out.
Two of my children have jobs and are doing well, buying their own homes, at ages 30 and 31. As to the other one, my spouse and I between us are servicing a loan to pay for his education, secured by the equity in our house. Our key objective in life is to see that our three children do the best in life that they can. We have made many sacrifices throughout our lives to ensure this happens and will continue to do so.
It is possible Spider that you have not been so fortunate in your parents. If so, it's time to stop looking for scapegoats elsewhere and deal with your personal issues.
I'd say most Baby Boomers are like me, doing the best they can to survive in old age while putting as much of their resources as they can into ensuring the well being of the next generation. It would be nice to have a little more support from the government however that is no longer the world we live in. Australia is fast becoming a cut throat economy like the US where people have to beg for the money for an operation to save their loved one's life.
Regards, Wal