Higgenbotham's Dark Age Hovel

[Higgenbotham]

https://charleshughsmith.substack.com/p ... otted-away

That's an incredible concentration of the gains in two overlapping cohorts: the top 10% of households and those 55 and older.

This article is 2 years old but it tells the current story. I live about 20 miles from here. Many retired people here in Texas came from out of state. When these out of staters die, their kids have to get rid of their stuff in a hurry.

I plan to be attending a lot of estate sales in the coming years. They may not be dead yet, but it won't be long.

FOX 13 Tampa Bay

Baby boomers flock to fastest-growing city known as the ‘cruise ship on land’
By Taylor Penley
FOX News
Published July 10, 2024 2:07 PM EDT

Georgetown, Texas, is the place to be, at least if you're of a certain age. Thanks to a surge in baby boomers moving into the city just 40 miles north of Austin, it's the fastest-growing city in America.

A new Wall Street Journal report stated that boomers are driving the local population boom as they move into an age-restricted community association known as Sun City Texas, mostly reserved for buyers 55 and older.

That wave of newcomers to the community dubbed by Georgetown Mayor Josh Schroeder as the "cruise ship on land," the report says, is also driving an economic boom.

The town has been the top city for population growth for three straight years, according to Census Bureau data of cities with populations over 50,000, the WSJ reported. It grew 11% last year, 14% in 2022, and 11% in 2021.

BABY BOOMERS ARE BECOMING WEALTHIER, WHILE YOUNGER GENERATIONS LAG BEHIND, FED REPORT FINDS

"It’s like they’re at college except they don’t have to go to class and they have $3 million in the bank," Schroeder told the outlet.

Baby boomers are generally considered the wealthiest generation in the U.S. today, with Federal Reserve data from Q3 2023 indicating those over 55 own 72% of wealth in America, with those over 70 holding 30% of all wealth.

That money, combined with the lack of need to care for younger children and more time to do fun or leisurely post-retirement activities, signals a better opportunity to stimulate the local economy.

That's where Sun City comes in. According to the WSJ report, seniors have the opportunity to party, complete with a Mardi Gras parade and a ball, compelling 70-year-old Sun City resident Suzanne Herndon to comment on the fun by saying, "We're not dead yet."

"Sun City residents have turned out to be the best economic stimulus Georgetown could ask for. The city’s operating budget is flush. Its rainy day fund is brimming. Stores, restaurants, hospitals and health clinics add hundreds of jobs every year," it states in part, adding that Sun City residents make up approximately 17,000 of the city's 96,000 residents.

Most of the residents are unburdened by student loans and have paid off their houses.

While seniors are more likely to harbor wealth, younger generations are lagging behind, with the Fed data from Q3 2023 showing 25% of American households aged 40 to 54 own just 20% of the nation's wealth, while those under 40 have under 7%.

"Baby boomers are generally considered the wealthiest generation in the U.S. today, with Federal Reserve data from Q3 2023 indicating those over 55 own 72% of wealth in America, with those over 70 holding 30% of all wealth."

So, according to this, that means those between age 55 and 70 own 42% of the wealth. Seems high, but there were a lot of people born in that era.

[aedens]

Centralized institutions funded research for execution of soft kill targets.
They know and already knew nothing will be done. The locusts of .gov are
just pathocracy justified in elimination of loose ends. Propaganda works.

On another simple fact just another example of values top down.
As told simply and often they do not even pretend. Just another defenseless soft kill box.

https://www.zerohedge.com/geopolitical/ ... eared-shit

Women are packing up and leaving the Spanish enclave. Local residents describe a city abandoned by its own government...

[Higgenbotham]

What percent of public school children in the US get free lunch?

AI Overview

About 69% of U.S. public school students (33.9 million children) were eligible for free or reduced-price meals through individual eligibility or community-wide provisions. Furthermore, the USDA Economic Research Service reports that roughly 72.4% of all individual school lunches served through the National School Lunch Program are provided free or at a reduced price.

Program Details

Free Meal Threshold: Households at or below 130% of the federal poverty line qualify for free meals.
Reduced-Price Threshold: Households between 130% and 185% of the poverty line qualify for reduced-price meals.

What is 130% of the federal poverty line for a family of 4?

AI Overview

For 2026 in the 48 contiguous states and Washington, D.C., 130% of the federal poverty guideline for a family of 4 is $42,900 per year, which equals $3,575 per month.

Common Uses for 130% FPL

SNAP Eligibility: The gross income limit for the Supplemental Nutrition Assistance Program (SNAP / food stamps) is typically set at 130% of the federal poverty level for most households.

What's of interest in dark age theory is how pervasive these programs are and the fact that the programs will probably get cut off around the time the US goes bankrupt. The Federal debt is passing $40 trillion and even The Washington Post has been squawking about the Federal debt level recently.

Another point is that a lot of these kids get free breakfast too, though I don't know how many. I do know of one family that has to get the kid on the bus at 6:47 for free breakfast at 7:00 followed by a 7:20 start time for school. I think for a lot of families, even a majority, the free breakfast and lunch is about all the kid is going to eat for the day, especially once the monthly allotment of food stamps runs out.

[aedens]

What these Washington swamp imbeciles will refuse to admit is they are and already have been.
We went past the Sword of Damocles pissing and moaning as these double fisted thieves loot the Treasury in plain site
like the debt is wealth imbeciles worshipped. They already knew the numbers on the transfer costs and the only plan
was and is to red line. Try to explain MMT to sane adults as inputs cost bury them.
The only fact of matter is how fast you can change channel from these bish imbeciles.
We got to point both sides are a disease since eco leads these thieving open border pols half wits into mid terms.
One thing for sure Arafat knew weak and stupid was the only resistance fact going forward.
The IRGC Contractors made these Geniuses Laundering Centers Bank until we bitch slapped with Taproot.
At least the SEC had enough balls to allow the Fork to do the right thing. Yes we fathom its a two sided coin
and it sure as Hell was not for the common good as we are now is it. We will keep an eye on Coinbase and its
order flow massacres purported to be "isolated" as a new Cartelization effort explained back ion 1974.
We will stick with no clue and it was that way when we found it for now.

[Higgenbotham]

"They already knew the numbers on the transfer costs."

Paul O'Neill sacked by Bush circa 2002 because he told the truth while Dick "The Smartest Person in the Room" Cheney said, "The debt doesn't matter."

The history on this has already been rewritten. What got Bush's ire is when O'Neill did an actual accounting of how many trillions in entitlements were forthcoming and then talked about it, catching the attention of the press.

This article tells approximately what happened. In 2002, $20 trillion seemed rather far-fetched. The establishment politicians downplayed it and painted O'Neill as a lunatic chicken little.

https://www.wsj.com/articles/SB103783566133388228

O’Neill gained a reputation during his two years in the Cabinet for frequently making incendiary comments that shook up financial markets and antagonized Wall Street. O’Neill said he was just trying to discuss complicated public policy issues in greater depth than the television sound bites so often used by the typical Washington politicians.

O’Neill was fired in December 2002 when Bush shook up his economic team in search of better salesmen for a new round of tax cuts the president hoped would stimulate a sluggish economy.

O’Neill had publicly questioned the need for another round of tax cuts in light of the growing budget deficits. He was replaced by John Snow, former head of CSX Corp., who became a staunch advocate for new tax cuts, which Bush signed into law in May.

https://www.nbcnews.com/id/wbna3920145