what you are allowed to
75 median years.
mother falls into the ‘silent’ generation category
a square peg in a round hole
She does not suffer fools well,
Slightly quixotic and
smarter than ever given credit for
The better half,
A father to shed the skin
of the runaway
electro-shock treatment inhumane
but at 15 he was fighting a
a world war, for god’s sake.
A con artist brother
the typical boomer,
a line item,
with residual hint
- He consumed everything better and greater than you.
- He consumes it all so you don’t get to…
As the year 2011 began on Jan. 1, the oldest members of the Baby Boom generation celebrated their 65th birthday.
This commensurate consumer palate of special interest subcultures, intra-generational whiners, bemoan any history that must be adhered to. Theirs a final birthright to consume.
This was 2016.
Boomers – whose generation was defined by the boom in U.S. births following World War II – are older and their numbers shrinking as the number of deaths among them exceeds the number of older immigrants arriving in the country.
Their deaths (in numbers) exceed the number of older immigrants arriving in the country.
What defines ‘older’ and what defines ‘arriving’?
And, who decided a generation could be reduced to a theoretical construct of ages?
You can feel “my generation” on a visceral level, a statistic on a government chart – the first generation to not ‘do better than’ their own parents, a true point of national pride since 1945.
People try to put us d-down
Just because we g-g-get around
Things they do look awful c-c-cold
Yeah, I hope I die before I get old (Talkin’ ’bout my generation)
Generations are analytical constructs, and
developing a popular and expert consensus on what marks
the boundaries between one generation and the next
We were defined by a half-joking derogatory tone created by pulp, then more or less forced to live it out.
McJob’s, the fact that we would be worse off than our parents and their parents, and would,
in fact, be blamed for it.
Our older siblings who did so well would be given the compensatory nod of approval, they were given it all, showered with the spoils of war fought by their ancestors. The only “war” they could own was one that put 0.7% of the population was behind bars.
Those who followed, the latchkey kids, the ones who defend reproductive rights to the death, whereas their progenitors were all about gun rights (both about whose lives get saved or spared).
What will concern the millennials? Which issue involving the rights of others will be added to the trifecta of abortion, guns and_________ that come to define each generation, loose conglomerates who have many more concerns than are reduced by special interests into pre-packaged, bite-sized identifiers.
Pew Research needed to simplify it for whoever paid for the study, skew the data, ever so slightly, away from anything meaningful, because, as a collective whole, in a mish mash of generational muck, we have collectively decided that we don’t give a fuck.
- Generation Xers were hit particularly hard. Newer to the housing market, more likely to be buying at peak prices and taking on more mortgage debt to buy their homes, they lost more wealth than other generations.
- But a new Pew Research Center analysis of Federal Reserve data finds that Gen Xers are the only generation of households to recover the wealth they lost during the Great Recession.
- The median net worth of Gen X households had declined 38% from 2007 ($63,400) to 2010 ($39,200), while the typical wealth loss for Boomer and Silent households was not as steep (26% and 14%, respectively).
- The Great Recession began in December 2007 and ended in June 2009. (Who is the guy who gets to decide on a definitive date?)
- The median value of the financial assets owned by Gen X households fell 20% from 2007 to 2010. Typical Boomer and Silent households had modestly larger declines in their financial assets.
- Since 2010, the median net worth of Gen X households has risen 115%. In fact, in 2016, the most recent year with available data, the net worth of a typical Gen X household had surpassed what it was in 2007 ($84,200 vs. $63,400).
- As of 2016, the median wealth of households headed by Boomers and the Silent Generation remains below 2007 levels, though their household wealth still exceeds that of Gen X.
- The typical home equity level of Gen X homeowners has doubled since 2010, though this was not achieved without considerable borrower distress. According to Federal Reserve data, 15% of Gen X’s homeowners were “underwater” on their homes in 2010 (meaning they owed more than they owned). By 2016 only 3% were underwater.
- The median financial assets of Gen X households nearly doubled from 2010 ($11,300) to 2016 ($21,600). In comparison, Boomer and Silent households’ financial assets are at a level similar to before the Great Recession.
- Gen X’s ability to rebuild its wealth may reflect its relatively robust household income growth since 2010. The median adjusted household income of Gen X households increased more than 20% and, at $73,200 in 2016, surpassed that of other generations. The oldest Gen Xer was 51 as of 2016, meaning that Gen X workers are still approaching their peak earning years.
- Through first-hand experience Gen Xers learned the painful consequences of economic contractions. At least in terms of wealth, they are now better positioned to weather the next one.
I had the orange cover copy of this book given to me by my boomer brother. He seemed to be relieved to find nomenclature for my ailments, although McJobs were hardly my foray. I had social consciousness in the spades. Was intent on saving the world to the hilt. Would never find my promise delivered, instead floundering in a to do inbox alongside a boulevard of broken dreams, a gaggle of googled misfits long since off-the-radar, with glimpses into reams of relevant identifying information.
Wouldn’t it be ironic if your adopted name, so common the cops like to tell you that there’s a warrant out for you despite never mentioning the requisite arrest, just grinning that sardonic smile that lower-than-you average IQ officers “of the law” give before declaring “There’s a warrant out for you” because they’re too fucking stupid to actually find your actual identifying information (which involves make and model not just moniker) which would show off the personalized plate.
After you’re dead and buried and floating around whatever place we go to, what’s going to be your best memory of earth? What one moment for you defines what it’s like to be alive on this planet. What’s your takeaway? Fake yuppie experiences that you had to spend money on, like white water rafting or elephant rides in Thailand don’t count. I want to hear some small moment from your life that proves you’re really alive.