In 2022, Business Insider said: Millennials and Gen Z have hit an 'apocalyptic' phase in which they don't see the point in saving for the future. Do you still believe this is the case?
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Boomers took all of theirs, their kids and grandkids money. WTF is left to save?!
How do you mean? Because my parents and grandparents have been nothing but good to me.
No doubt some were well taken care of on a case by case basis. As a whole, we're in this situation because they passed so much legislation to allow loopholes and general hoardings of wealth and amassing properties that we have a gross imbalance of money.
I just woke up (it's morning) so I'm going to be off on numbers but something like 70% of wealth is held by top 10% of people.
You have kids just starting families that are saddled with school debt that can't afford homes because of the astronomical prices of homes and school.
Boomers and generations before them could have a home and support their entire family on a single income with no more than a high school education.
The list of requisites just to exist these days has grown longer since they were young.
Edit: here's an illustration of some of my points. https://www.visualcapitalist.com/charted-u-s-wealth-by-generation/
This. Not hard to understand
Right? Maybe your parents blew through it but mine didn’t. They hooked me up!
My parents/grandparents were never rich. But I still don't feel like they robbed me of anything.
I think they are talking about the inequitable wealth distribution between generations. Boomers have always enjoyed a lot more than following generations at any stage. It's a real problem.
And world hunger isn’t a thing because I just ate