The distribution of that pie is also being skewed. Technology has brought prices slightly down (relative to income) for a lot of things that we buy, meaning that we get better prices and more variety on things like food, clothes, travel, and obviously electronics, but a couple of unavoidable things like housing prices and college tuition have exploded so dramatically that it totally overshadows the modest gains that we get. Both are things that only need to be paid for once, so anyone that went to school and bought a house before prices exploded now gets to enjoy cheap housing and cheap commodities, while anyone unlucky enough to come after is just screwed. I think that’s part of why older generations are so unsupportive of how much of a struggle it is for millenials and gen Z, the economy has gone to crap, but so far its only really hit the young
I think that’s part of why older generations are so unsupportive of how much of a struggle it is for millenials and gen Z, the economy has gone to crap, but so far its only really hit the young
Most of us older Generations though have kids of our own, and so we see how today’s life affects them, and the fact that we usually have to help them out because they have it much harder than we did at their age, so we’re aware of the situation.
What it comes down to is a human nature type of thing, where some people think “I’ve got mine and I don’t care about anyone else”, and that transcends physical age.
Yeah, it certainly isn’t everyone in the older generations, no group is ever a monolith. I was generalizing the general sentiment that I’ve seen, but I’m also in an ultra-conservative area that tends to be very “pull yourself up by your bootstraps”, so my perspective is probably skewed too.
The distribution of that pie is also being skewed. Technology has brought prices slightly down (relative to income) for a lot of things that we buy, meaning that we get better prices and more variety on things like food, clothes, travel, and obviously electronics, but a couple of unavoidable things like housing prices and college tuition have exploded so dramatically that it totally overshadows the modest gains that we get. Both are things that only need to be paid for once, so anyone that went to school and bought a house before prices exploded now gets to enjoy cheap housing and cheap commodities, while anyone unlucky enough to come after is just screwed. I think that’s part of why older generations are so unsupportive of how much of a struggle it is for millenials and gen Z, the economy has gone to crap, but so far its only really hit the young
Most of us older Generations though have kids of our own, and so we see how today’s life affects them, and the fact that we usually have to help them out because they have it much harder than we did at their age, so we’re aware of the situation.
What it comes down to is a human nature type of thing, where some people think “I’ve got mine and I don’t care about anyone else”, and that transcends physical age.
Yeah, it certainly isn’t everyone in the older generations, no group is ever a monolith. I was generalizing the general sentiment that I’ve seen, but I’m also in an ultra-conservative area that tends to be very “pull yourself up by your bootstraps”, so my perspective is probably skewed too.