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House of Roberts

(5,168 posts)

12. The baby boom generation is retiring.

Reply to live love laugh (Original post)

Sun Jul 31, 2022, 06:15 AM

Jul 2022

Roughly 300,000 reach retirement age each month. Even if all don't retire, enough are ceasing to work, but remaining consumers, to maintain demand for goods and services, with a smaller percentage of workers to fill the gap. This is a demographic shift that was always going to happen, and explains why the oppressor class wants the retirement age raised to keep workers forced to remain in the labor force.

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18 replies

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Highlight:

Bank of America memo hopes workers' conditions worsen [View all] live love laugh Jul 2022 OP

Fucking parasites dalton99a Jul 2022 #1

K&R Solly Mack Jul 2022 #2

The Reserve Army of Labour: Gaugamela Jul 2022 #3

Just had an aha moment. live love laugh Jul 2022 #6

Exactly. Also the value of money begins to fall. If people are comfortably Gaugamela Jul 2022 #7

BOA also refusing small businesses ppp loan forgiveness live love laugh Jul 2022 #4

Screw the big banks. I get better services and rates at my Credit Union. Ziggysmom Jul 2022 #5

Shit, the banks aren't on the Peoples' side? WTF. Baked Potato Jul 2022 #8

Just another reason why you should bank with the local credit union. sakabatou Jul 2022 #9

I'm pretty sure it's not just banks wishing for this. live love laugh Jul 2022 #10

Adam Smith was also right when he warned, in the same book multigraincracker Jul 2022 #11

There are several monsters that need breaking up, starting with media. Hermit-The-Prog Jul 2022 #16

The baby boom generation is retiring. House of Roberts Jul 2022 #12

Big Corps don't want to admit US is heading towards negative unemployment. There are more dead from uponit7771 Jul 2022 #13

COVID is only a small factor, baby boomer retirement is the real engine Amishman Jul 2022 #15

Good point!!!! uponit7771 Jul 2022 #18

Corporate America needs to be forced to share their prosperity with workers Amishman Jul 2022 #14

Perfect reason to join a credit union. nt Hotler Jul 2022 #17