The post seems to be predicting a market of higher wages and lower costs for assets. This is good for working savers. My point is that Gen X missed that for most of their careers. They had lower wages and purchased assets at the high. In 20+ years they will sell at the low. Given the choice, I'd rather be young in such an environment. Maybe Boomers will make out the worst, but they purchased stuff really cheap and then went all NIMBI (Generalizations are imperfect and bad).
What generation would you say gets the worst of it? [friendly discussion]
I'd agree with the leveraging. That stuff is dangerous.
Especially the older "Techie-millenial losers" and Techie-GenX that would be loosing both income power and wiht falling assets moving forward.
One counter point would be that if you were making >$250k per year as a "Techie-millenial losers" and lost half of your savings things are looking good compared to your non-techy peers of the same age making <$100k. Even if techies go from $250k to average they will still be better off than their average peers. (it will hurt more because of lost dreams)
Agreed that GenX consistently gets hosed by following the selfish Boomer generation's policies (not talking about individuals).
Sounds great for GenZ and horrible for GenX.
The post seems to be predicting a market of higher wages and lower costs for assets. This is good for working savers. My point is that Gen X missed that for most of their careers. They had lower wages and purchased assets at the high. In 20+ years they will sell at the low. Given the choice, I'd rather be young in such an environment. Maybe Boomers will make out the worst, but they purchased stuff really cheap and then went all NIMBI (Generalizations are imperfect and bad).
What generation would you say gets the worst of it? [friendly discussion]
I'd agree with the leveraging. That stuff is dangerous.
Especially the older "Techie-millenial losers" and Techie-GenX that would be loosing both income power and wiht falling assets moving forward.
One counter point would be that if you were making >$250k per year as a "Techie-millenial losers" and lost half of your savings things are looking good compared to your non-techy peers of the same age making <$100k. Even if techies go from $250k to average they will still be better off than their average peers. (it will hurt more because of lost dreams)
Agreed that GenX consistently gets hosed by following the selfish Boomer generation's policies (not talking about individuals).