The Silver Economy Is Ruining My Tech Career

Underwater MortgageFollowing the aftermath of the dot com bubble, I went back to college to learn computer programming. Most people thought I was crazy. Computers were out, health care was in. With baby boomers retiring en masse in the coming years, employers would find it impossible to fill so many open computer positions. Plenty of future opportunities for me. And then the Great Recession came along. Now baby boomers don’t want to retire from their jobs, which is ruining my tech career.

Baby boomers, I came to learn, are a very whiny bunch.

A typical sob story is a Baby Boomer couple who bought a house that they couldn’t afford at the top of real estate market (mistake #1). They borrowed the down payment from their retirement accounts (mistake #2), which has to be paid back or hefty taxes will be due, and took out an adjustable interest mortgage with low payments for the first few years (mistake #3). The couple needed two jobs to pay their bills and maintain their “affluent” lifestyle on credit cards (mistake #4). Everything was going good until Wall Street cratered the economy. The husband lost his job and the wife works fewer hours. Now they can’t afford to retire and must continue to work. Whining to me about their woes doesn’t help (mistake #5).

I’ve heard countless variations of this theme over the last few years. I want to shove a dead hard drive down their throats when they start going off on their spiel. Whine, whine, whine. I’m sick and tired of hearing how their version of the American dream got flushed down the toilet while their pants were down.

So what? Life sucks. Move on.

Their sense of entitlement is so out of whack with reality that they haven’t figured out that they need to make some huge adjustments. Like downward. All the way downward. They had the best life for the second half of the 20th century. Now that the 21st century is here, the economy is kicking their sorry asses. The party is over, the hungover is here.

As a Gen Xer who grew up in the shadow of baby boomers, I don’t feel incline to whine about my circumstances. (Unless it’s my personal blog here, which is read by two dozen spammers who leave interesting comments in the spam queue about my blog posts and their penis enlargement pills.) I’ve been unemployed for two years, underemployed (working 20 hours per month) for six months, filed for a Chapter 7 bankruptcy, and worked more jobs in the last two years than the previous decade. Not the kind of things you want to whine about at work.

When my father passed away from lung cancer this year, my baby boomer brother complained that he died in a “shitty little trailer” in Sacramento. But that trailer home was paid for. Born in the Great Depression and raised during World War II, my father knew how to live within his means. Something that baby boomers need to learn for the first time.

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