NEED TO KNOW | The new poor: Baby boomers in the jobless crisis | PBS



As part of Need to Know’s special report on joblessness in America, they present an intimate portrait of a baby boomer couple who built a life and a business together, only to see their world quickly fall apart. Need to Know airs Fridays on PBS. Watch full-length episodes of Need to Know at

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21 replies
  1. M. C
    M. C says:

    A boomer making 10k a month, no savings, nothing to show for it. And they keep bashing Millenial's on how they spend their money. Yeah, no I don't feel sorry for people who are financially illiterate.

  2. Diana Ray
    Diana Ray says:

    So you make 10 thou a month on CRAP and then you go broke and want all of us tax payers working our asses off to pay your way?????!!!! 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 you guys are a joke !!!!!

  3. studybug2010
    studybug2010 says:

    3:07,..I never place myself in a position of being above reproach and judge someone. But I am not able to make sense in my mind $10,000.00 a month is a lot of money, even if it were before taxes, to have not saved any of it. Well at least any amount to keep this scenario of being broke, at bay. If someone can explain (respectfully) what I am not understanding about this, it would be greatly appreciated.

  4. allo1490
    allo1490 says:

    Thank God, I left Portland in 2002!! The problem is that rich californians who could not afford california rent started coming to Portland in 1990! And a decade later working class oregonians and disabled were pushed out of downtown portland. So that means that your transportation costs go up; you are further away from school, from cultural activities, from social service offices, etc!! And the rent goes up and up, and people have no savings because it is going into the savings of the landlord! So, there is imbalance!! This all started with mortgage bundle bubble, technology bubble, housing loan bubble and real estate flippers. This mess was caused by people!! Regarding the business owner people, a mistake they made was both of them quitting their jobs. When opening their business, they should have kept one job and one part time job, until they were past the 5 year mark. They also do not seem to understand that you cannot leave behind a service business to your offspring.

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