Ramit Sethi argues that Social Security and other policies force young workers to subsidize boomers while they hoard wealth and lock younger people out of housing and jobs. The system is rigged to favor older generations at the expense of building financial security for anyone under 40.
That is not an accident. That is a policy decision that we have made in America, and it systematically advantages old people and disadvantages you because of the decisions our government has made. Young working people are subsidizing the very generation that blocked them from building wealth on their own. Guys, I don't have a problem with the young generation subsidizing the older generation. That's how it works. That's how Social Security works. But how can that be fair when the older generation continues accumulating their wealth to the detriment of younger people? Wouldn't a better solution be, hey, older people get subsidized by younger people? That's how it's always been. That's okay. But younger people have a chance to be able to build their own wealth, have a chance to be able to have affordable housing, to have better jobs.
