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> The millennials now complaining about inequality, will become conservatives as they age and acquire wealth. Wealth acquisition among millenials is not tracki
by MiroF 7y ago
> The millennials now complaining about inequality, will become conservatives as they age and acquire wealth.
Wealth acquisition among millenials is not tracking the rate of boomers in the 60s.
The trend today has been towards increased consolidation of large companies and an associated decrease in economic mobility, decrease in wealth share of those not in the top echelons, the repeal of common-sense regulatory frameworks like Glass–Steagall.
It seems short-sighted to say that all generations are bound to follow the same path as the boomers, when economic conditions today are radically different from those in the 60s.