had the boomer generation had today's technologies and abilities and faced with finding a quick and economical way of helping people in Hilo get their commodities' from Costco in Kona to them in Hilo, they would have scrimped and saved, taken 2 or 3 jobs, maybe even a 2nd and 3rd mortgage on the house and invested in and started a real business, buying delivery trucks from local vendors and hiring local residents to be the drivers and created a win win situation for everybody concerned
So what's stopping you? You have access to today's technologies, same as everyone, plenty of time and money and assets for loan collateral, unlike most younger people who need two full time workers just to live paycheck to paycheck, and few to no obligations, unlike those working while raising kids and caring for elderly relatives. What's your excuse again for not setting up your Win Win Costco delivery service?
The self-serving mythologies never cease to amuse though - over the last 60 years and adjusted for inflation, the boomers had access to the cheapest housing (In 1965, average house was <3x average annual salary, versus 5.3x today), cheapest college education ("1965 Ohio University tuition was probably about $3,000 or even less in today’s dollars. Today [2018], the in-state tuition is $12,192 [2026 - $14,582], about quadruple [or quintuple] the 1965 rate"), cheap medical care (out of pocket cost have doubled), etc, etc...
In some ways, many of you are like the indoor cats of macroeconomic financial challenges, lots of strutting around with little actual experience scrapping in the streets, having arrived after your parents' challenges with the Great Depression and WWII, and made your bank and pulled up the ladder behind you as GenX ran into 80s and 90s off-shoring and globalization, and the 2008 Financial Crisis that Millennials graduated into with 5 figure or higher student loan debt. That's why boomers hold 50+% of the total wealth, GenX at 26%, and Millennials and GenZ at just 10% (even though there are more of them than both Boomers or GenX at this point).
However, as Edge noted, money can't solve everything and you're going to grow increasingly reliant on, and at the mercy of, those youth you like to deride so much. Probably best to make sure you have some relationships that aren't based on money alone because as those pre-boomer hippie rockers liked to say back in their prime "Money Can't Buy You Love" and "No one here... gets out alive".
So what's stopping you? You have access to today's technologies, same as everyone, plenty of time and money and assets for loan collateral, unlike most younger people who need two full time workers just to live paycheck to paycheck, and few to no obligations, unlike those working while raising kids and caring for elderly relatives. What's your excuse again for not setting up your Win Win Costco delivery service?
The self-serving mythologies never cease to amuse though - over the last 60 years and adjusted for inflation, the boomers had access to the cheapest housing (In 1965, average house was <3x average annual salary, versus 5.3x today), cheapest college education ("1965 Ohio University tuition was probably about $3,000 or even less in today’s dollars. Today [2018], the in-state tuition is $12,192 [2026 - $14,582], about quadruple [or quintuple] the 1965 rate"), cheap medical care (out of pocket cost have doubled), etc, etc...
In some ways, many of you are like the indoor cats of macroeconomic financial challenges, lots of strutting around with little actual experience scrapping in the streets, having arrived after your parents' challenges with the Great Depression and WWII, and made your bank and pulled up the ladder behind you as GenX ran into 80s and 90s off-shoring and globalization, and the 2008 Financial Crisis that Millennials graduated into with 5 figure or higher student loan debt. That's why boomers hold 50+% of the total wealth, GenX at 26%, and Millennials and GenZ at just 10% (even though there are more of them than both Boomers or GenX at this point).
However, as Edge noted, money can't solve everything and you're going to grow increasingly reliant on, and at the mercy of, those youth you like to deride so much. Probably best to make sure you have some relationships that aren't based on money alone because as those pre-boomer hippie rockers liked to say back in their prime "Money Can't Buy You Love" and "No one here... gets out alive".