Generation X | Ted Rall's Rallblog

SYNDICATED COLUMN: Millions of Gen Xers Will Be Homeless Before You Know It

October 13, 2014•

Forget terrorism, Ebola or even climate change — the most dangerous threat to this country is an epic retirement crisis.

We will soon see tens of millions of Americans reduced to poverty, bringing an end to the United States as an economic superpower.

Unlike attacks and pandemics, this crisis is an absolute certainty, one with a clear, near start date. But the media is hardly mentioning the imminent retirement crisis. So politicians haven’t even begun to think about it, much less take it seriously.

Actually, “retirement crisis” is a misnomer. The problem isn’t that people won’t be able to retire or will be living on a shoestring, though those things are true. We’re staring down the barrel of an epic old age crisis. For the average American, to be elderly will mean not mere belt-tightening, but real, grinding poverty: homelessness and hunger.

Throughout the last few decades, vulnerable people living from payday to payday have gotten battered by the shredding of the government safety net, a lack of accumulated savings caused by the boom-and-bust cycle of capitalism, and a lackluster real estate market.

Now members of the poor and lower middle class in their 50s and 60s are heading into a retirement crisis created by a perfect superstorm.

Traditional defined-benefit pension plans have been replaced by stingy 401(k)s and similar programs which employers no longer pay into, cap how much you can contribute (assuming you can afford it), take a beating during downturns in the stock market, and allow workers to tap when they’re laid off or run into financial trouble. After years of sketchy raids and outright theft, workers with old-fashioned corporate and government pensions can’t be sure their money will be there when they need it. The first Generation Xers — many of whom never had the opportunity to accumulate wealth due to several long recessions that impacted them particularly hard — will reach the traditional retirement age of 65 in the year 2024.

The facts are brutal:

No savings: The average Gen Xer only has a net worth of about $40,000 — enough to live on for a year. Maybe. In Akron. 36% of Americans don’t have a dime saved for retirement.

Later Social Security: Thanks to that lovable wacky Ronald Reagan, the Social Security retirement age was quietly raised to 67 for Gen Xers born after 1960. When you finally get Social Security, it doesn’t pay enough. The U.S. ranks third to last in social security benefits among developed nations.

Age discrimination: The continuing post-2008 recession hit those in their 50s especially hard; employers want cheaper, younger workers. 25% of Americans over age 55 now have no savings whatsoever.

About those pension plans: When journalists mention the retirement crisis, they focus on problems with the defined-benefit system. But that’s irrelevant to most Americans. 90% of private-sector workers don’t have one. Most government workers do — but 85% of Americans work in the private sector.

401ks suck (if you have one). Three out of four workers have no pension plan. What they might have is a 401k. The average Gen Xer who has a 401k — 69% don’t — has a $63,000 balance.

Financial experts say 92% of U.S. workers fall significantly short of what they’ll need to live decently after retirement. “In the decades to come,” Edward Siedle writes for Forbes, “we will witness millions of elderly Americans, the Baby Boomers and others, slipping into poverty. Too frail to work, too poor to retire will become the ‘new normal’ for many elderly Americans.”

This is about you — not some theoretical lazy Other.

“At some point,” Siedle says, “lack of savings, lack of employment possibilities and failing health will catch up with the overwhelming majority of the nation’s elders. Let me emphasize that we’re talking about the overwhelming majority, not a small percentage who arguably made bad decisions throughout their working lives.” [Emphasis is mine.]

America’s army of starving old people will drag down younger people too. “Public finances will be pushed to the limit, crowding out other priorities such as education,” Christian E. Weller predicts in The Hill. “Moreover, economic growth will be slower than it otherwise would be because employers will have more workers whose productivity is declining, while many older families, who could start successful new businesses, will forego those opportunities.”

And the pols?

Useless, Siedle concludes. “Conservatives are trying to pare back so-called entitlements that will mushroom in the near future and liberals have failed to acknowledge the crisis or propose any solutions.”

We can hit the streets to demand action now — or we’ll be living on them later.

(Ted Rall, syndicated writer and cartoonist, is the author of the new critically-acclaimed book “After We Kill You, We Will Welcome You Back As Honored Guests: Unembedded in Afghanistan.” Subscribe to Ted Rall at Beacon.)

SYNDICATED COLUMN: The Unpersonning of Generation X

March 21, 2014•

Ted Rall

I’ve been disappeared.

Erased from history.

Dropped down the memory hole.

(bye)

If you were born between 1961 and 1976, you no longer exist.

Generation X has been disappeared.

The Soviets altered photos to excise the images of leaders who had fallen out of favor, but communist censors went after individuals.

America’s corporate media is more ambitious. They’re turning 50 million people into unpersons.

The disappearing of Gen X began about a year ago, when major news outlets began reducing living Americans to two generations: the Baby Boomers (born 1946-1960) and their children, the Millennials (born approximately 1977-2004).

(Generational birth years are controversial. Many classify the Boom years between 1946 and 1964, but I agree with the demographers William Strauss and Neil Howe’s assessment — and the novelist Douglas Coupland, who defined the term “Generation X” — that people like me, born from ’61 to ’64, called “the most dysfunctional cohort of the century,” identify with the culture and economic fortunes of Xers, not the Boom.)

The unpersoning of X takes full bloom in “Wooing a New Generation of Museum Patrons,” a March 19, 2014 piece in The New York Times about how museums like the Guggenheim are soliciting money from “a select group of young donors already contributing at a high level.”

Take your gum/joint/food out of your mouth before reading further, lest you gag: “Several hundred Millennials mingled under the soaring atrium of the Guggenheim Museum on Fifth Avenue one recent frigid February night. Weaving around them were black-clad servers bearing silver trays piled high with doughnuts, while a pixieish D.J. spun Daft Punk remixes.”

According to the Times‘ David Gelles (playing the role of Winston Smith): “Across the country, museums large and small are preparing for the eventual passing of the baton from the Baby Boom generation, which for decades has been the lifeblood not only of individual giving but of boardroom leadership. Yet it is far from clear whether the children of Baby Boomers are prepared to replicate the efforts of their parents.”

Gelles’ piece doesn’t contain any reference to Generation X.

Really? Museums don’t give a crap about would-be philanthropists among the millionaires born between 1961 and 1976?

By the way, Xers were into Daft Punk before Millennials were even done being born.

Boomer/Millennial articles that ignore the existence of Xers have become commonplace. Again in The New York Times, Emily Esfahani Smith and Jennifer L. Aaker perform the neat trick of disappearing one-sixth of the country. Their November 30, 2013 op/ed about “Millennial Searchers” for the meaning of life asks about Millennials: “Do we have a lost generation on our hands?”

Substitute “1991” for “2008” and everything Smith and Aaker write could be, and was written about Gen X: “Yet since the Great Recession of 2008, they have been having a hard time. They are facing one of the worst job markets in decades. They are in debt. Many of them are unemployed. The income gap between old and young Americans is widening.”

Even in an essay about humanity’s search for meaning — and about the downward mobility that defines Gen X — there is only room for Boomers and Millennials.

It’s like our crappy economy and low wages and student loan debt never even happened.

“No one’s talkin’ ’bout my generation,” notes columnist M.J. Fine, a Generation Xer. “It’s hard to think of an era in which people ages 34-49 had less social currency.”

Remember the great coming clash over Social Security between Boomers and Xers? We’ve vanished from that narrative too, not just in a thousand words but over the course of a full-length book: “The Next America: Boomers, Millennials, and the Looming Generational Showdown.”

It’s not just The Times. In Sonya Stinson’s frivolous “What Gen Y Can Teach Boomers About Financial Planning” in Forbes, Gen X neither learns nor teaches. Gen X doesn’t exist.

Poof!

I saved the worst for last. Courtesy of a sharp-eyed reader, check out PBS’ Judy Woodruff, defining the generations for a NewsHour interview with the author of “The Next America”:

“I just want to remind everybody what those age groups are, the Millennials 18-33 years old today, Gen X 34-39 today, the Boomers 50 — the big group — 50-68, and the Silent, 69-86.”

In PBS World, Gen X has shrunk. If you’re in your forties, you no longer have a generational home.

Life begins at 40?

More like the empty void of generational purgatory, as far as the Boomer-controlled media is concerned.

(Support independent journalism and political commentary. Subscribe to Ted Rall at Beacon.)

JFK RIP

November 22, 2013•

Ted Rall

JFK was assassinated 50 years ago today. And I was there! Gather near, cartoon readers, and revel in the thrilling account of what I was doing at the time.

SYNDICATED COLUMN: The New Generation Gap: Gen X vs. Gen Y

June 4, 2013•

Ted Rall

The Gen X-Millennial Generation Gap

Every 20 years ago, Time depicts people in their 20s as “lazy, entitled, selfish and shallow.” This time the target is the Millennial generation (Americans born between roughly 1980 and 2000, with Baby Boomer parents). According to (cough cough) the Boomer-run media, twentysomethings/Gen Y/Millennials are narcissists.

Whatever.

Back in 1990, Time was smearing Gen X as shallow, apolitical, unambitious shoe-gazers.

“[Gen Xers] have trouble making decisions. They would rather hike in the Himalayas than climb a corporate ladder. They have few heroes, no anthems, no style to call their own. They crave entertainment, but their attention span is as short as one zap of a TV dial. They hate yuppies, hippies and druggies. They postpone marriage because they dread divorce. They sneer at Range Rovers, Rolexes and red suspenders. What they hold dear are family life, local activism, national parks, penny loafers and mountain bikes.” (Penny loafers? Really?)

Back then we Gen Xers defended our collective honor by alternating between the “we do not suck, at least not in the way you say we suck” and “anyway, if we do suck, it’s your fault, old farts” arguments. Gen Y is manning its rhetorical ramparts the same way.

Here we go again.

Sort of.

You know what’s wrong with young people today?

Not much. Not according to me or my friends. We’re fine with younger people.

Which is weird.

Gen Xers get along well with people in their 20s and 30s — certainly a lot better than those in their 40s did with us when we were young.

We like Gen Y. We respect them. We don’t chafe, for example, at working under a younger boss. We ask them advice. OK, mostly about tech stuff. I learned about WordPress and Hootsuite and Gawker and Wii from 20ish friends. Mostly, we like the same music and movies. (But they download stuff. Don’t they worry about ephemerality?)

Maybe the Millennials secretly hate us — you’d have to ask them — but if they do, they’re doing an excellent job of hiding it. We hang out. It’s good.

Sometimes, though — it’s not like it comes up a lot, just now and then — my Gen Xer cohorts let slip a complaint about our younger friends and colleagues:

Why are Millennials, um…well, there’s no other way to say it: kind of boring?

Young people today! So obedient. They believe politicians. What’s with that? Millennials go along to get along in corporate America. When they get laid off, they don’t get angry (like we did) — they adapt. They reinvent themselves. Gen Y music, movies, even their clothes: so conservative!

The Generation Gap of the 1960s and 1970s referred to the inability/refusal of “tune in, turn on, drop out” Baby Boomers to relate to their stodgy “we survived the Depression and won World War II so turn down that goddamn rock ‘n’ roll” Parents. Though decried at the time as sad and alienating, the dynamic of that demographic divide was as natural as could be. The young were loud, obnoxious, demanding and politically radical. The old were reserved, quiet and conservative, even reactionary. Kids were kids; parents were parents.

William Howe and Neil Strauss’ landmark book “Generations,” which traces the identities of American generation through popular culture and politics back to the colonial era, depicts dozens of epic clashes between old codgers vs. youthful insurgents. The young fight to be heard. The old yell at them to shut up. The old get older and quieter, the young mature and gain influence and replace them.

That’s how it was 200 years, and 20 years, ago. Just as their parents looked down on them, Boomers looked down on us Xers.

The Gen X/Y divide breaks this pattern.

We’re middle-aged and cynical and our tastes run to smart and sarcastic and anti-PC and antiauthoritarian, Tarantino/postpunk. We voted Green Party and never looked back, or for Obama but never expected much. Millennials are old and naïve and earnest and retro.

Millennial hipsters (who don’t dress hip — their hipsters are dorks) are militant nostalgists. They’ve revived the ancient traditions of our grandparents: martinis, old-fashioned cocktails like grasshoppers and mint juleps and, well, old fashioneds. They golf. They wear clothes from the 1930s. They watch go-go dancers. (Feminist radical lesbian ones.) They grow beards — not hippie beards, but retrosexual Civil War ones, paired with handlebar mustaches. They open restaurants — really good restaurants — whose menus and aesthetics harken back to the 19^th century, staffed by waiters who take everything very seriously. You can elicit a dry chuckle. Not a bellylaugh. Certainly not a snide Xer sneer.

Steampunk could never have been a big Gen X thing. We’re scrappy and stripped down. They’re baroque.

Millennials didn’t just expect real Hope and Change. Four years later, they still do. When they got radical, they came up with the blink-and-you-missed it Occupy movement, which had as its centerpiece calls to reenact the Glass-Steagal Act.

Millennial pop culture is about flat affect: mumblecore movies and all-attitude-no-plot TV shows like “Arrested Development,” emo-influenced music, giant dollops of special nostalgia sauce everywhere, every member of every band dressed like they’re showing up to roof your house (but with Taliban beards). Opening concert greeting: “Hey.”

Graphic novels where it takes six pages for a leaf to fall off a tree.

Prose novels about nothing, printed preciously and packaged beautifully, thanks to the influential McSweeney’s empire.

Gentle, chatty movies and TV shows, not a series of scenes, but rather riffs of tone and mood.

Even their taste in cars is boring. And kind of dumb.

Boomers’ countless faults aside, let’s give them this: they knew what they wanted. They loved. They hated. They wanted revolution. Which was one of the things Xers hated about Boomers (Xers hate a lot): they came so close to revolution and they friggin’ gave up. Gen Y revolution? It’s hard to imagine such an — oblivious? unaccountably satisfied? — generation shooting anyone or blowing anything up. That, I think, gets close to the mystery of the Millennials. They’ve been horribly screwed — even more than us Gen Xers, and make no mistake, we were hosed big time.

Millennials are mired in student loan debt.

They will never make much money or get any government benefits or get much of anything out of the system.

After decades of warnings, the planet is finally, really, irreversibly, ruined. Their planet.

Why aren’t they pissed off?

(We need them to be. We’re too busy holding down four jobs.)

Parents, they say, shouldn’t have to bury their own children. It ain’t natural. Know what else is wrong? For the old to see the young as uptight codgers.

Not that Xers blame Yers for being uncool. Gen Xers, a self-deprecating generation from the beginning (what do you expect? society, politics, even the movies hated us — remember all those evil child horror movies like The Omen and It’s Alive?)

Writing in The New York Observer, Peter Hyman argues that Gen X and Gen Y shouldn’t be as cozy as they are. That it’s our (X’s) fault that Y hasn’t made its own mark:

“The old generational identities that once defined us have broken down, and the net result is a messy temporal mashup in which fortysomethings act like skateboarders, twentysomethings dress like the grandfather from My Three Sons, tweens attend rock concerts with their parents and toddlers are exposed to the ethos of hardcore punk.”

And it’s up to Gen X to fix it (like everything else, apparently):

“I know guys whose style of dress and off-duty interests haven’t changed a lick since college. They devote their free time to movies about comic-book heroes, to video games and to fantasy football. No, they aren’t hurting anybody. But perhaps what we really need to do is put on suits and take our wives out for expensive dinners, like our dads before us.”

That burns. I’m wearing skinny black jeans and a (vintage! from back in the day!) Dead Kennedys T-shirt as I write this. But I can’t afford a suit or an expensive dinner, thank you very much, Boomer scum.

Anyway, I don’t buy Hyman’s argument that passing the torch of our old cool (the Ramones, Beastie Boys) to the young “shortchanges” the young and “infantilizes” us oldsters. My fogie parents prosthelytized about Benny Goodman and Benny Hill and the Four Tops and guess what? It didn’t take.

One problem with writing about generational politics is that it requires sweeping generalizations. You can point to million exceptions. And of course there’s absolutely nothing anyone can do about it. These things simply are (if you believe, many many do not). Another is that you risk pissing people off…people you like.

To be clear, we Xers think you Millennials are awesome. We just wish you’d act your age.

Like, young.

(Ted Rall’s website is tedrall.com. His book “After We Kill You, We Will Welcome You Back As Honored Guests: Unembedded in Afghanistan” will be released in November by Farrar, Straus & Giroux.)

Ted Rall

SYNDICATED COLUMN: The Self-Censoring of America

December 12, 2012•

Ted Rall

How Sellouts Are Killing Growth

Are you a sellout?

If you came of age during the 1960s, whether or not to sell out was the existential question of your generation. Which to choose? Reckless youthful abandon or corporate “adult” obeisance? Films that dealt with that quandary, from “The Graduate” to Bertolucci’s “The Conformist” launched a million rap sessions, yet Baby Boomers are sure to leave this ethical dilemma unresolved.

My fellow travelers, we of unlucky, witty Generation X, have lived constrained careers with fewer options. Coupled with shrinking financial aid for college, the dismal job market made the choice between Wall Street and the Peace Corps depressingly simple. So we Gen Xers projected the debate onto practitioners of pop culture. Vanilla Ice, Milli Vanilli and The Knack, judged all commerce no art, were shunned. Artists who cashed in could be deemed genuine, but only if they took chances and/or made decisions that were bad for business: The Clash, Elvis Costello, RUN-DMC, Nirvana.

The booms have gotten shorter, the busts longer, the class divide deeper. The long-predicted winner-take-all society has arrived. A higher share of the income generated by each economic sector goes to a select few; others fight over scraps.

The cost of integrity and the payoff for selling out have risen. So fewer Americans are taking chances.

People are holding on to jobs they hate, making it harder for young people to find work. Businesses are hanging tight, picking safe bets (stuff that worked before) and slashing budgets for research and innovation. Banks and other would-be investors are hoarding cash. As a result, fewer entrepreneurs are starting new businesses.

Everyone makes concessions to the marketplace. I pride myself on ideological consistency and calling things as I see them even if offends my fans. But I rarely put vulgar words into my cartoons because newspaper and magazine editors won’t run them. (If I lived in, say, England, I wouldn’t have this problem.)
Charles Schulz was one of the richest men in America, his work licensed on billions of dollars of merchandise, yet comics fans lionize “Peanuts” because the strip itself is edgy and relatively uncompromising—more art than commerce.

“Right now, the pressures of the music industry encourage me to change the walk of my songs,” the Somali-Canadian musician K’naan wrote recently. “My lyrics should change, my label’s executives said; radio programmers avoid subjects too far from fun and self-absorption.”

It’s easy to tell K’naan to keep it real. But it’s not realistic.

Keeping it real doesn’t pay the rent.

Selling out does.

“Good work always finds success,” an old boss assured me. What a lie! The cutout bins of bookstores and CD stores (if you can find one) provide all the proof you need. People buy what advertising and publicists tell them to buy. If a cool author falls in the woods, she might make a sound—but no one will ever find her book at the front of the store, much less getting interviewed by Jon Stewart.

When artists rely on capitalist markets—hopelessly corrupt, governed by gatekeepers who distribute and promote vacuous apolitical pabulum over work that challenges conventional wisdom—the freedom to choose integrity over selling out is a fraud.

“If this was censorship, I thought, it was a new kind—one I had to do to myself,” K’naan continued. “The label wasn’t telling me what to do. No, it was just giving me choices and information about my audience.”

Make a living or starve. Or give up your dreams and silence yourself. Can anyone call that a real choice?

We see the same “choice” in politics. Senator Marco Rubio recently embarrassed himself twice, first by pandering to the idiot base of the Republican Party, then walking back his stance on creationism.

“Whether the Earth was created in seven days, or seven actual eras, I’m not sure we’ll ever be able to answer that. It’s one of the great mysteries,” he told GQ.

After a month of ridicule, Rubio acknowledged the existence of science: “[The age of the Earth] is at least 4.5 billion years old.”

Rubio explained his reasoning: “I just think in America we should have the freedom to teach our children whatever it is we believe. And that means teaching them science, but also parents have the right to teach them the theology and to reconcile those two things.”

Science isn’t reconcilable with faith. Rubio knows that. But he also knows what would happen to his presidential aspirations if he admitted the truth.

God is a lie.

If you believe in God, you are stupid.

If you think the earth is 6,000 years old, that humans and dinosaurs coexisted, and/or that climate change isn’t real or caused by people, you are an idiot.

Since many of my readers believe in God, the words above will cost me sales and clients. Optimists might argue that being forthright about my beliefs will attract at least as many new customers. But that’s not the way the world works.

Integrity means doing the right thing even—especially—when it hurts you. But you have to question the philosophical underpinnings—and the future—of a society that requires its leaders and artists to work at Starbucks or to act stupider than they really are in order to get elected or sell records or books or whatever. Taking chances—which includes causing outrage—is how civilization tests new ideas, and how it progresses.

Not that they let you say whatever you want at Starbucks.

(Ted Rall’s website is tedrall.com. The author of “The Book of Obama: How We Went From Hope and Change to the Age of Revolt,” he is working on a new book about the war in Afghanistan to be released in Fall 2013 by Farrar, Straus & Giroux.)

SYNDICATED COLUMN: Lead, or Follow and Get Out of the Race

August 24, 2012•

Ted Rall

Voters Turn Against Pols’ Follow-the-Polls Strategy

In order to be a good leader, Disraeli said, “I must follow the people.”

Aided and abetted by toe-sucking pollster Dick Morris, Bill Clinton finessed the art of leading from the rear, relying on Morris’ tracking surveys to help him decide everything from whether to bomb Serbia to when and if to take a vacation.

By definition, however, leaders point where their followers should go. Americans haven’t seen much real leadership on the federal level since Reagan. Where there’s been progress, such as on gay rights, the President only stepped forward after public opinion had shifted enough to make it safe.

For the first time in 30 years, Dick Morris’ follow-the-voters strategy appears to be running out of steam. This year, the electorate seems to be hungering for presidents in the mold of TR, FDR and LBJ—old-school leaders who painted ambitious visions of where America could go and why it should, who took political gambles that the people might not be ready for what they had in mind, who anticipated crises and challenges before anyone else, and explained why we had to act sooner rather than later.

The craving for leadership is evident in the polls. Though personally popular and enjoying the advantages of incumbency, President Obama is running neck and neck against Mitt Romney, an awkward candidate from a minority religion who has trouble connecting with, and is seen as out of touch by, ordinary voters.

Democrats must be worried. Historically, Republican presidential nominees typically gain on Democrats throughout the fall. At this point in the game, Democrats need a substantial lead in order to emerge victorious in November.

What’s going wrong? Mainly, it’s the economy. It sucks. Still. Democrats say the President inherited the meltdown from Bush. But Americans blame Obama.

“The nation’s painfully slow pace of growth is now the primary threat to Mr. Obama’s bid for a second term, and some economists and political allies say the cautious response to the housing crisis was the administration’s most significant mistake,” reports The New York Times. Obama’s big screw-up: “He tried to finesse the cleanup of the housing crash, rejecting unpopular proposals for a broad bailout of homeowners facing foreclosure in favor of a limited aid program—and a bet that a recovering economy would take care of the rest.”

Recovery? What recovery?

The depressed housing market, coupled with the reduced purchasing power of tens of millions of Americans who lost their homes to eviction and/or foreclosure, makes recovery unlikely to impossible for the foreseeable future.

Many people, including yours truly, warned that the millions of Americans who were evicted under foreclosure, many of them illegally, were more “too big to fail” than Citigroup. Some, like former Congressman Jim Marshall (D-GA), voted for TARP, but urged the Obama Administration to condition the bailout on forcing the banks to refinance mortgages and write down principal to reflect the new reality of lower housing prices. “There was another way to deal with this, and that is what I supported: forcing the banks to deal with this. It would have been better for the economy and lots of different neighborhoods and people owning houses in those neighborhoods,” Marshall says.

Voters aren’t mad at Obama for not being clairvoyant. They’re pissed off because he ignored people who were smart and prescient in favor of those who were clueless and self-interested, like Tim Geitner. He may be about to pay a price for that terrible decision.

Tens of millions of Americans already have.

Speaking of leadership—the art of seeing what comes next and doing something about it—what looming problems are the political class ignoring today?

It’s too late to stop the 2008-to-2012 economic meltdown. But it’s still possible for Obama (or, theoretically, Romney) to get ahead of the economy—permanent unemployment benefits, anybody?—and other pressing issues.

Australia, for example, is taking the climate change crisis seriously.

Americans want leaders who point the way forward, to anticipate monsters we can’t yet imagine. For example, there is a huge looming crisis: pensions. In 10 to 15 years, Generation Xers will hit traditional retirement age. How will they eat?

Close to none have traditional defined-benefit pension plans. Gen Xers, who earn far less than the Baby Boomers at the same age, have been shunted into 401(k)s, which turned out to be a total ripoff: the average rate of return between 1999 and 2010 was 0.3 percent.

Total.

And much of that was withdrawn—under penalty—to subsist after layoffs.

“[Gen Xers] have no savings, and what they had was devastated by two market crashes,” said Andrew Eschtruth of the Center for Retirement Research. “They never got off the ground.”

If you’re 45 years old now and just beginning to save for retirement, financial planners say you should save 41 percent of your income annually (if you haven’t gotten laid off again). As if. Half of Gen Xers live hand to mouth; the rest save a piddling six percent a year.

The Gen X retirement crisis represents 46 million people waiting for a savior—and 46 million potential votes.

Attention Mssrs. Obama, Romney and anyone else presenting yourself as a would-be leader: Don’t just read the polls. Don’t follow us. Show that you care about, and have a credible plan to confront, the problems of the future. If you do that—and we’re not holding our breaths—we’ll pay attention to you.

(Ted Rall’s new book is “The Book of Obama: How We Went From Hope and Change to the Age of Revolt.” His website is tedrall.com. This column originally appeared at NBCNews.com’s Lean Forward blog.)

SYNDICATED COLUMN: Quit Whining About Student Loans

October 18, 2011•

Ted Rall

Time for #OWS to Broaden Its Appeal

It has been 30 days since Occupy Wall Street began. The movement hasn’t shaken the world à la John Reed—not yet—but at one thousand occupations and counting, it can’t be ignored.

OWS has become so impressive, so fast, that it’s easy to forget its half-assed origin. No matter. The fact that the French Revolution was partly set off by the drunken ravings of the Marquis de Sade hardly reduces its importance.

Soon the Occupiers will have to face down a number of practical challenges. Like weather. Winter is coming. Unless they move indoors, campers at Occupy Minneapolis and Occupy Chicago will suffer attrition. But indoor space is private property. So confrontation with the police seems inevitable.

As I saw at STM/Occupy DC, there is an ideological split between revolutionaries and reformists. Typical of the reformists: This week OWSers urged sympathizers to close their accounts with big banks like Citibank and Bank of America and move their savings to credit unions and local savings and loans. If revolutionaries get their way, there will be no banks. Or one, owned by the people.

There is no immediate rush, nor should there be, to issue demands. The horizontal democracy format of the Occupy movement’s General Assemblies is less about getting things done than giving voices to the voiceless. For most citizens, who have been shut out of politics by the fake two-party democracy and the corporate media, simply talking and being heard is an act of liberation. At some point down the road, however, the movement will come to a big ideological fork: do they try to fix the system? Or tear it down?

The Occupiers don’t have to choose between reformism and revolution right away—but they can’t wait too long. You can’t make coherent demands until you can frame them into a consistent narrative. What you ultimately want determines what you ask for in the time being—and how you ask for it.

Trotsky argued for the issuance of “transitional demands” in order to expose the uncompromising, unjust and oppressive nature of the regime. Once again, an “epoch of progressive capitalism” (reformism, the New Deal, Great Society, etc.) has ended in the United States and the West. Thus “every serious demand of the proletariat” de facto goes further than what the capitalist class and its bourgeois state can concede. Transitional demands would be a logical starting point for an Occupy movement with a long-term revolutionary strategy.

Both routes entail risk. If the Occupiers choose the bold path of revolution, they will alienate moderates and liberals. The state will become more repressive.

On the other hand, reformism is naïve. The system is plainly broken beyond repair. Trying to push for legislation and working with establishment progressives will inevitably lead to cooption, absorption by big-money Democrats and their liberal allies, and irrelevance. (Just like what happened to the Tea Party, a populist movement subsumed into the GOP.)

Revolution means violence in the streets. Reform means failure, and the continued, slow-grinding violence by the corporate state: poverty, repression, injustice.

At this point, job one for the movement is to grow.

I don’t mean more Facebook pages or adding more cities. The day-to-day occupations on the ground need to get bigger, fast. The bigger the occupations, the harder they will be for the police to dislodge with violent tactics.

More than 42 percent of Americans do not work. Not even part-time. Tens of millions of people, with free time and nothing better to do, are watching the news about the Occupy movement. They aren’t yet participating. The Occupiers must convince many of these non-participants to join them.

Why aren’t more unemployed, underemployed, uninsured and generally screwed-over Americans joining the Occupy movement? The Los Angeles Times quoted Jeff Yeargain, who watched “with apparent contempt” 500 members of Occupy Orange County marching in Irvine. “They just want something for nothing,” Yeargain said.

I’m not surprised some people feel that way. Americans have a strong independent streak. We value self-reliance.

Still, there is something the protesters can and must do. They should make it clear that they aren’t just fighting for themselves. That they are fighting for EVERYONE in “the 99 percent” who aren’t represented by the two major parties and their compliant media.

OWSers must broaden their appeal.

Many of the Occupiers are in their 20s. The media often quotes them complaining about their student loans. They’re right to be angry. Young people were told they couldn’t get a job without a college degree; they were told they couldn’t get a degree without going into debt. Now there are no jobs, yet they still have to pay. They can’t even get out of them by declaring bankruptcy. They were lied to.

But it’s not about them. It’s about us.

The big point is: Education is a basic right.

Here is an example of how OWSers could broaden their appeal on one issue. Rather than complain about their own student loans, they ought to demand that everyone who ever took out and repaid a student loan get a rebate. Because it’s not just Gen Y who got hosed by America’s for-profit system of higher education. So did Gen X and the Boomers.

No one will support a movement of the selfish and self-interested.

The Freedom Riders won nobility points because they were white people willing to risk murder to fight for black people. Occupiers: stop whining about the fact that you can’t find a job. Fight for everyone’s right to earn a living.

The Occupy movement will expand when it appeals to tens of millions of ordinary people sitting in homes for which they can’t pay the rent or the mortgage. People with no jobs. Occupy needs those men and women to look at the Occupiers on TV and think to themselves: “They’re fighting for ME. Unless I join them, they might fail.”

The most pressing issues for most Americans are (the lack of) jobs, the (crappy) economy and growing income inequality. The foreclosure and eviction crisis is also huge. OWS has addressed these issues. But OWS has not yet made the case to the folks watching on TV that they’re focused like a laser.

It takes time to create jobs. But the jobless need help now. The Occupy movement should demand immediate government payments to the un- and underemployed. All foreclosures are immoral; all of them ruin neighborhoods. The Occupy movement should demand that everyone—not just victims of illegal foreclosures—be allowed back into their former homes, or given new ones.

For the first time in 40 years, we have the chance to change everything. To end gangster capitalism. To jail the corporate and political criminals who have ruined our lives. To save what’s left of our planet.

The movement must grow.

Nothing matters more.

(Ted Rall is the author of “The Anti-American Manifesto.” His website is tedrall.com.)

SYNDICATED COLUMN: Ah, To Be Young And In Hate

October 3, 2011•

Ted Rall

America’s New Radicals Attack a System That Ignores Them

“Enraged young people,” The New York Times worries aloud, are kicking off the dust of phony democracy, in which “the job of a citizen was limited to occasional trips to the polling places to vote” while decision-making remains in the claws of a rarified elite of overpaid corporate executives and their corrupt pet politicians.

“From South Asia to the heartland of Europe and now even to Wall Street,” the paper continues, “these protesters share something else: wariness, even contempt, toward traditional politicians and the democratic political process they preside over. They are taking to the streets, in part, because they have little faith in the ballot box.”

The rage of the young is real. It is justified. It is just beginning to play out.

The political class thinks it can ignore the people it purports to represent. They’re right–but not forever. A reckoning is at hand. Forty years of elections without politics will cost them.

Americans’ pent-up demand for a forum to express their disgust is so vast that they are embracing slapdash movements like Occupy Wall Street, which reverses the traditional tactic of organizing for a demonstration. People are protesting first, then organizing, then coming up with demands. They have no other choice. With no organized Left in the U.S., disaffected people are being forced to build resistance from the ground up.

Who can blame young adults for rejecting the system? The political issue people care most about–jobs and the economy–prompts no real action from the political elite. Even their lip service is half-assed. Liberals know “green jobs” can’t replace 14 million lost jobs; conservatives aren’t stupid enough to think tax cuts for the rich will help them pay this month’s bills.

The politicians’ only real action is counterproductive; austerity and bank bailouts that hurt the economy. Is the government evil or incompetent? Does it matter?

Here in the United States, no one should be surprised that young adults are among the nation’s angriest and most alienated citizens. No other group has been as systematically ignored by the mainstream political class as the young. What’s shocking is that it took so long for them to take to the streets.

Every other age groups get government benefits. The elderly get a prescription drug plan. Even Republicans who want to slash Medicaid and Medicare take pains to promise seniors that their benefits will be grandfathered in. Kids get taken care of too. They get free public education. ObamaCare’s first step was to facilitate coverage for children under 18.

Young adults get debt.

The troubles of young adults get no play in Washington. Pundits don’t bother to debate issues that concerns people in their 20s and 30s. Recent college graduates, staggering under soaring student loan debt, are getting crushed by 80 percent unemployment–and no one even pretends to care. Young Americans tell pollsters that their top concerns are divorce, which leaves kids impoverished, and global warming. Like jobs, these issues aren’t on anyone’s agenda.

This pot has been boiling for decades.

In 1996 I published “Revenge of the Latchkey Kids,” a manifesto decrying the political system’s neglect and exploitation of Generation X, my age cohort, which followed the Baby Boomers.

We were in our 20s and low 30s at the time.

Un- and underemployment, the insanity of a job market that requires kids to take out mortgage-sized loans to attend college just to be considered for a low-paid entry-level gig in a cube farm, the financial and emotional toll of disintegrating families, and our fear that the natural world was being destroyed left many of my peers feeling resentful and left out–like arriving at a party after the last beer was gone.

Today the oldest Gen Xers are turning 50. Life will always be harder for us than it was for the Boomers. If I had to write “Latchkey Kids” for today’s recent college grads, it would be bleaker still. Today’s kids–demographers call them Gen Y–have it significantly worse than we did.

Like us, today’s young adults get no play from the politicians.

The debts of today’s Gen Yers are bigger ($26,000 in average student loans, up from $10,000 in 1985). Their incomes are smaller. Their sense of betrayal, having gone all in for Obama, is deeper.

Young adults turned out big for Obama in 2008, but he didn’t deliver for them. They noticed: The One’s approval rating has plunged from 75 percent among voters ages 18-29 when he took office in January 2009 to 45 percent in September.

Politicians like Obama ignore young adults, especially those with college degrees, at their–and the system’s–peril. Now, however, more is at stake than Obama and the Democrats’ 2012 election prospects. The entire economic, social and political order faces collapse; young people may choose revolution rather than accept a life of poverty in a state dedicated only to feeding the bank accounts of the superrich.

As Crane Brinton pointed out in his seminal book “The Anatomy of Revolution,” an important predictor of revolution is downward mobility among strivers, young adults whose education and ambition would traditionally have led to a brighter future.

In February Martin Wolf theorized in The Financial Times that the Arab Spring rebellions in Egypt and Tunisia owed their success to demographics; those countries have more young people than old ones. On the other hand “middle-aged and elderly rig political and economic life for their benefit in the U.K. [he could also have said the U.S.]: hence the way in which policies on housing or education finance are weighted against the young.”

Right here and right now, though, the young and the old are on the same side. Though the young are getting screwed the hardest, almost everyone else is getting screwed too. And with 80 percent unemployment, the young have a lot of free time to rise up.

(Ted Rall is the author of “The Anti-American Manifesto.” His website is tedrall.com.)