I worry that with the ever-rising price of groceries and Millennials' open contempt for Boomers we may be heading for the ghastly future the movie portrayed.
And why not?
From a public policy standpoint, converting old people into grub makes fiscal sense, when you consider the cost Boomers will soon impose on our nation.
As of 2022, the average retired man in this country has only $118 thousand in savings; the average retired woman, only $57 thousand.Among retirees, 14 percent of men, and 24 percent of women, have less than $10 thousand in savings.
The average nursing home costs $108 thousand a year.
Safety nets for indigent retirees are in place, of course; but there are nearly 70 million Boomers still living—after the Millennials, the nation's second largest population group.
Who can possibly afford the cost of those safety nets?
