Are the Boomers to Blame for Our Debt Obsession?
The Rachel Cruze Show
Ramsey Network
4.8 • 3.6K Ratings
🗓️ 6 October 2025
⏱️ 9 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | All right, millennials and Gen Z. |
| 0:07.4 | Let's just gather together and ask the question, are boomers really at fault for everyone's |
| 0:14.7 | current financial struggles? |
| 0:16.5 | Well, today I'm going to be sharing some ways that boomers might be to blame for some of our money problems. It's kind of tongue-in-cheek. Don't worry, boomers. It's fine. And I'll let you decide, though, how legitimate they are. And make sure to like, subscribe, and share this episode with a friend. All right, the boomers. Everyone kind of loves to hate on the boomers these days. They're like, well, the boomers did this, and the boomers got this when it comes to the economy and everything. And so, I'm like, listen, it is true. There's some realities that the boomers may have had it easier than us, or maybe not, and maybe some of the things that they did and the way they lived their lives are affecting us today. So let's jump into the list and see if it's true. All right, the first way |
| 0:54.8 | that boomers contributed to our current financial challenges is they encouraged us too much. |
| 1:01.8 | Ready for this? According to the data of the Bureau of Labor Statistics, about 44% of high school |
| 1:07.9 | graduates born between 1960 and 1964 earned a two to four year degree, 44%. |
| 1:14.7 | Now, about 73% of high school graduates born between 1980 and 1984 earned a college degree. |
| 1:22.7 | So that's almost a 30% increase in just one generation. |
| 1:26.9 | And Boomer parents really did. They were the generation |
| 1:30.6 | that pushed the millennial kids to go to college, regardless of the high cost, regardless of student |
| 1:36.4 | loans. It's like, get yourself a four-year degree. Because for them, it was a really big deal. |
| 1:41.0 | And for them, a lot of people, they were the first generation or the first person in their family to get a college degree. And then because of loans, it kind of opened up this |
| 1:49.1 | wide world that most people can apply and most people can get in somewhere and you don't need the |
| 1:54.6 | money. You just, you know, get into student loan debt. And it's, and we'll figure that out later. |
| 1:59.4 | So that is an interesting thing to look back |
| 2:02.1 | on when you see how loans have continued to increase over time, obviously because they're more |
| 2:08.0 | available. You have private student loans. You have government student loans, Sally Mae. But boomers, |
| 2:14.6 | it's the question. Were they the generations to push the millennials into college, |
| 2:18.2 | regardless if they could afford it or not? All right, reason number two that boomers are to blame |
| 2:22.8 | is they have zero self-care needs. There is always that heated political talk at Thanksgiving, |
| 2:28.8 | and we always think, Aunt Linda, you may want to go to some therapy. You have some anger issues in there, right? Or |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

