Will Baby Boomers be our next crime wave?
This post is meant to be somewhat humorous, but also to touch upon a question that came up while discussing retirement accounts and Social Security with my coworker.
I had brought up the point that my grandmother is on a totally fixed income since having her stroke and not able to work any longer, and that my parents may have to deal with decreasing Social Security payments as they progress into their Golden Years (they’re only mid/late-50s now). I lamented that I’ll never see a government-secured fixed income during my retirement, so I need to worry about planning for my future today even more than my parents did.
But then the thought struck me:
Are we going to have a problem with Baby Boomers turning into criminals to supplement their income?
Seriously, as our parents/grandparents get into their 70s, and the Social Security and Medicare systems begin to falter from the burden, will they resort to violence to support themselves? Think about it. My parents’ generation seems to be more willing to just go down in a blaze of glory. I don’t have any facts to back this up; just consider it a gut feeling.
What are your thoughts?