3 ms·

Global warming Economic forecasts being shit Social media Realizing the injustice in the world and seeing adults do nothing about it Hyper competitive schoo

Global warming Economic forecasts being shit Social media Realizing the injustice in the world and seeing adults do nothing about it Hyper competitive schooling Lack of support during the pandemic Yeah all of this has an impact.

prepend 5y ago
> Economic forecasts being shit Aren’t we in the longest economic boon ever? This might be the first bear market in over 10 years. Schools didn’t require sats and other exams and were actually easier to get into during the pandemic. The past two years were like a glorious time for school admission.
- JaimeThompson 5y ago
  The distribution of "rewards" from this economic boom has been a bit one sided taking all factors into account.
  - prepend 5y ago
    I don’t think so. Low home interest rates have helped first time home buyers. Stocks benefit pensions and 401k. Low interest rates help for credit card debt, auto loans, etc. Lowest unemployment in the history of the stat helps with all job seekers. Of course it helps billionaires more because they have more stocks. But bull economies are pretty good for everyone and there’s a whole generation pretty much that’s never experienced a down year of s&p.
    - mellavora 5y ago
      > Low home interest rates have helped first time home buyers. I hear it is almost impossible to buy a house in the US these days, what with private equity firms bidding cash for everything. > Stocks benefit pensions and 401k. nice if you have them, but it is hard to invest if rent is 50% of your take-home (and not because you are living large, but because that's all that was available)
      - prepend 5y ago
        You hear wrong as every house gets bought almost immediately and while 10-20% are institutional, the rest are private buyers. This is also fairly new and interest rates have been 4% for almost 10 years long before the current situation. Rent is not 50% for most people. Yea, it’s bad for those people. But even then it’s possible to save. Most people have benefited greatly from this very positive economy. Not everyone, but most. Even if you’re minimum wage, the low unemployment has driven up wages
- beeboop 5y ago
  Food and housing and education and healthcare are all more expensive than ever. I work in tech making six figures and can't afford a single family home. My employer pays $700 a month for my insurance. I spent $1000 a month on groceries.
oh_sigh 5y ago
I think the biggest problem with these things is not that they are actually shit, but some section of adults have convinced kids that these problems will be the death of everyone. I'm thinking of Greta Thunberg crying about not being able to have a family or kids of her own because of global warming. That's a bit melodramatic, especially for someone coming from Europe.

prepend 5y ago

> Economic forecasts being shit Aren’t we in the longest economic boon ever? This might be the first bear market in over 10 years. Schools didn’t require sats and other exams and were actually easier to get into during the pandemic. The past two years were like a glorious time for school admission.

JaimeThompson 5y ago
The distribution of "rewards" from this economic boom has been a bit one sided taking all factors into account.
- prepend 5y ago
  I don’t think so. Low home interest rates have helped first time home buyers. Stocks benefit pensions and 401k. Low interest rates help for credit card debt, auto loans, etc. Lowest unemployment in the history of the stat helps with all job seekers. Of course it helps billionaires more because they have more stocks. But bull economies are pretty good for everyone and there’s a whole generation pretty much that’s never experienced a down year of s&p.
  - mellavora 5y ago
    > Low home interest rates have helped first time home buyers. I hear it is almost impossible to buy a house in the US these days, what with private equity firms bidding cash for everything. > Stocks benefit pensions and 401k. nice if you have them, but it is hard to invest if rent is 50% of your take-home (and not because you are living large, but because that's all that was available)
    - prepend 5y ago
      You hear wrong as every house gets bought almost immediately and while 10-20% are institutional, the rest are private buyers. This is also fairly new and interest rates have been 4% for almost 10 years long before the current situation. Rent is not 50% for most people. Yea, it’s bad for those people. But even then it’s possible to save. Most people have benefited greatly from this very positive economy. Not everyone, but most. Even if you’re minimum wage, the low unemployment has driven up wages
beeboop 5y ago
Food and housing and education and healthcare are all more expensive than ever. I work in tech making six figures and can't afford a single family home. My employer pays $700 a month for my insurance. I spent $1000 a month on groceries.

oh_sigh 5y ago

I think the biggest problem with these things is not that they are actually shit, but some section of adults have convinced kids that these problems will be the death of everyone. I'm thinking of Greta Thunberg crying about not being able to have a family or kids of her own because of global warming. That's a bit melodramatic, especially for someone coming from Europe.