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Maybe millennials are just more efficient at spending the little money they have and don't want to spend more than they need to, which coupled with the new busi
by Rjevski 8y ago
Maybe millennials are just more efficient at spending the little money they have and don't want to spend more than they need to, which coupled with the new business models the Internet & recent technologies allow makes some legacy business models (cable TV, etc) unsustainable?
- tehlike 8y agoMost of millenial trouble can be attributed to baby boomers.
- alehul 8y agoI hear this incredibly often. Can you explain why this is, or do you have a link or two that's convinced you on this point? I understand NIMBY-ism which, to some extent, is responsible for impractical zoning laws and, in turn, higher rents and home prices. Beyond that, however, why is this the case? Wasn't America just more prosperous in previous decades, due to the political/military victories we enjoyed, and the lack of international competition we faced?
- IggleSniggle 8y agoI’m not sure it holds more true now than in times past, but I believe the argument generally goes that the older, richer generation has exploited the land and taken on huge amounts of debt, all while jacking up the prices of the things that gave them their advantages (education and housing brings the initial arguments in this vein). And, further, that the older generation will die before needing to address all of these various natural and societal debts, leaving the younger, poorer generation on the hook for their excesses. Edit: just want to clarify that I’m only vaguely familiar with the arguments that I am parroting here
- tehlike 8y agoIt is more generational, not really specific to baby boomers. Zoning laws, estate laws etc basically, things that make most assets/expenses of today expensive.