Pension? Perhaps the original Boomers got one of them, but "defined benefit" became "defined contribution" a long time ago for non-union, non-pharma people. Whole lot of tech workers, workers in smaller companies or those who changed jobs every 4-7 years don't got no pension. SSA, yeah, but there was lots of contributions to that. And I suspect a typical SSA pension is like 2K/month. Not a lot of taxes needed from the tech salaries. It's the IRA's and 401K's being cashed out and flipping homes to downsize.
The 1-2 generation behind the boomers got the juice now.
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Pension? Perhaps the original Boomers got one of them, but "defined benefit" became "defined contribution" a long time ago for non-union, non-pharma people. Whole lot of tech workers, workers in smaller companies or those who changed jobs every 4-7 years don't got no pension. SSA, yeah, but there was lots of contributions to that. And I suspect a typical SSA pension is like 2K/month. Not a lot of taxes needed from the tech salaries. It's the IRA's and 401K's being cashed out and flipping homes to downsize.
The 1-2 generation behind the boomers got the juice now.