3 ms·

> The idea that ... financial inequality concerns are generational divided is ludicrous. Are facts "ludicrous" to you? Older people naturally tend to be wealth

> The idea that ... financial inequality concerns are generational divided is ludicrous. Are facts "ludicrous" to you? Older people naturally tend to be wealthier through decades of debt retirement, salary increases, compounded investment returns, and so on. There was already a visible divide between the Me Generation (what "Baby Boomers" were once called and IMO still should be) and my own GenX. It seems the divide between us and Millennials/GenZ has gotten even larger. Student debt loads tend to be much larger as a percentage of income than mine were because inflation of college costs has significantly outpaced inflation generally (plus artificially increased demand). Changes in real estate and job markets have only exacerbated those differences. Maybe age-based inequality isn't as big an issue as race-based, but it's still an issue worthy of consideration.

PeterStuer 7y ago
I was talking about being concerned about financial inequality not being generational divided. And financial inequality does transcend generations, kids from poorer parents on average stay poorer themselves, while kids from rich parents tend on average to to turn out richer, rather than divide them. What is even worse is that the rising of economic inequality in the US, will also reflect itself in an even further decline of economic mobility as those two have been shown to be correlated [1]. Don't get caught up in these divisional doctrines. Some stand to benefit from fueling these narratives, and it is not going to be any of the people being pushed into the fires of identity wars. [1] https://en.wikipedia.org/wiki/Great_Gatsby_curve https://en.wikipedia.org/wiki/Great_Gatsby_curve
- notacoward 7y ago
  > kids from poorer parents on average stay poorer themselves It's possible for that to be true and for there to be differences between generations. They're not mutually exclusive. > Some stand to benefit from fueling these narratives ...and some stand to benefit from suppressing them. Attribution of motive - to unspecified people, even - is a non argument.

PeterStuer 7y ago

I was talking about being concerned about financial inequality not being generational divided. And financial inequality does transcend generations, kids from poorer parents on average stay poorer themselves, while kids from rich parents tend on average to to turn out richer, rather than divide them. What is even worse is that the rising of economic inequality in the US, will also reflect itself in an even further decline of economic mobility as those two have been shown to be correlated [1]. Don't get caught up in these divisional doctrines. Some stand to benefit from fueling these narratives, and it is not going to be any of the people being pushed into the fires of identity wars. [1] https://en.wikipedia.org/wiki/Great_Gatsby_curve https://en.wikipedia.org/wiki/Great_Gatsby_curve

notacoward 7y ago
> kids from poorer parents on average stay poorer themselves It's possible for that to be true and for there to be differences between generations. They're not mutually exclusive. > Some stand to benefit from fueling these narratives ...and some stand to benefit from suppressing them. Attribution of motive - to unspecified people, even - is a non argument.