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Maybe desperation? Previous generations could, depending on how far back you go, rely on a job for life, an affordable house and a pension from their employer.
by justinhj 9y ago
Maybe desperation? Previous generations could, depending on how far back you go, rely on a job for life, an affordable house and a pension from their employer. Take literally all of that away and add a huge student loan and maybe volatile investments start to look like the only way to get ahead.
At the very least I can image they trust older people much less then we did when I was younger. (Gen X)
- gnarcoregrizz 9y agoyou don't have to look far on reddit or 4chan to find "boomer hate" threads, with comments about how they sold out younger generations. stocks and 5% gains are definitely not considered cool either. interestingly, i think this crypto stuff is bringing a lot of financial literacy to people.
- GVIrish 9y agoWave any new fangled investment vehicle in front of people with insane returns and people young and old will buy in. The current generation is no different than previous generations that got swindled on whatever the bubble du jour was.
- justinhj 9y agoMy generation was working for a few years when the dotcom bubble happened. Even though I was working for a tech company, most of my peers were not that interested in investing in tech startups. What they were largely interested in was buying property and traditional mutual funds.