There will always be those who complain about their lot in life. The economy is bad so that is why I am not doing well. This is wrong and that is wrong, but wait a minute: why do you complain instead of doing things to make it better?
The baby boomer generation will soon be transferring to millennials and others assets known as the great wealth transfer. This transfer is estimated to be between 30 and 70 trillion dollars over the next 20 years. This will certainly make things better for many Millennials, Gen X, Y and Z and their children and grandchildren. Not everyone will be getting large amounts of money but many will.
Also, that generation is known to have created many things that all of us use every day. The key is to find out what people want, need and desire and then provide that to them. For instance, during the 1960s young teens were learning to drive. Ford developed the Mustang. Later when boomers were getting married and having children, Chrysler came out with the minivan.
Not all boomers have become wealthy and certainly many are struggling, so to say that our generation is the reason that successive generations are not doing so well is misguided. The economy was not created by them or any other generation but by the government. There are many from that generation in government but there are also millennials and even Gen Z workers in government. If you want to blame someone for your lot in life, good luck.
Among the many advancements achieved by that generation a few are listed here:
1. DNA Fingerprinting allowing this technology to help solve crimes as well as prove paternity or maternity.
2. The Apple Computer
3. The World Wide Web
4. The portable dialysis machine
5. The Flex-Foot prosthesis
6. The automated external defibrillator (AED)
7. The disposable cell phone
8. The Jarvik 7 implantable artificial heart
Those who created these advances were all baby boomers who decided to do something rather than complain about their lot in life. No one ever succeeded by complaining They succeed because they had a vision for doing something, made plans for implementing that vision and then carried it out. It is up to you and you alone to succeed or not. The economy did not make you fail neither did the any other generation of people.
David G Komatz has many years of experience in all phases of accounting, taxation, leadership and management. He has earned 5 college degrees.