The author is a BC Mortgage broker with a background in Canadian mortgages.
The baby Boom Generation grew up spoiled and pampered. This generation was a product of the post war optimism and economic good times.
The Boomers valued inner vision and self-perfection over conformity and team playing. The protest over the Vietnam was the appearance of the Boomer generations first impact on society and its direction.
The Boomers from this point established themselves as the arbiters of what society should do and not do.
During the 90’s they shouted their values and narrow minded personal biases on society. They engaged scorched earth political and cultural wars. Their focus on personal gratification and self directed motivation has resulted in the largest economic debacle in recent times.
Now as they approach elderhood they reject the notion of “senior citizen” as being unapplicable to them.
Formally flush with fatten portfolios and large houses they did not fear aging as much as managing it through Viagra and overpriced Merlot.
The economic meltdown of 2008 had a seriously negative impact on their financial position. If the Boomers are to carry on and they will…a reverse mortgage is an option many will take up.