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So we're not in a bubble, we're just fucked. Cool.

• 01100011 6y ago
  No, I think boomers with assets are doing fine. Everyone else is fucked. I don't want to push the generational narrative too hard(I'm 46), but it does seem like that generation is willing to do everything they can to keep the party going until they die. After they're gone, it will be up to my generation and younger to figure out what to do with the massive debt and distorted economy. From what I can see, they just don't give a shit.
  • AdmiralAsshat 6y ago
    Yes, perhaps I should have clarified that by "we" I meant my generation (I'm a millennial). And as someone with a significant chunk of savings who still can't afford a house, the possibility of being both left without my own property and having my life-savings essentially rendered moot by runaway inflation is deeply concerning.
    • 01100011 6y ago
      That's exactly the situation I find myself in. I'm 46, divorced and remarried. I joined a FANG and lost my soul so I could have a chance after starting over from scratch at 43. I now have $200k in the bank, which is awesome and I am thankful for it. But it's nowhere near enough to buy a house. I'm already running out of steam, mentally speaking, and can't make the safe bet that I'll be able to keep my FANG job for even another year or so. I guess I just put it all in a TIPS ETF and hope it works out? IDK... Meanwhile I just have to watch while the rich get richer and the folks in the middle get pounded.