3 ms·
Keep in mind the world is not frozen in its current disadvantaged-for-millenials state. A couple of forces might actually work to millenials' favor -- 1) Boom
by squozzer 9y ago
Keep in mind the world is not frozen in its current disadvantaged-for-millenials state.
A couple of forces might actually work to millenials' favor --
1) Boomers are retiring and dying off. Somebody will buy their homes.
Right now it seems investors are buying them all but as the demographic trend continues, the supply might outpace investor demand, the second-derivative will go negative, which will slow investor demand, and probably cause the first-derivative to go negative.
This trend will also affect other forms of investments as boomers cash out their portfolios.
2) Social movements such as #metoo will probably make certain types of people hiring liabilities (too "old-school"), and younger people might benefit.
OTOH, other forces might work against millenials --
1) Human obsolescence, especially if current social assumptions hold and keep programs such as basic income politically untenable.