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Another way of stating that article is that most people in their 20s and 30s have only ever known low-inflation and stability. Those in their mid-40s onwards a
by DrBazza 4y ago
Another way of stating that article is that most people in their 20s and 30s have only ever known low-inflation and stability. Those in their mid-40s onwards are possibly young enough to remember how what their parents dealt with in the 70s.
- w-j-w 4y agoLow inflation, yes, but not stability. Many people in their 20s now watched a parent lose their job during the 2008 housing crisis. Just because they didn't see the 70s don't mean they haven't seen macroeconomic calamity affect their parents microeconomic reality.
- itronitron 4y agoI remember sitting in the car with my mom outside an Amtrak train station in the late `70's asking her why she was cutting the tops off of several cereal boxes that we had just bought from the grocery store. Apparently they were for a discount on train tickets.
- thebigspacefuck 4y agoSome coupons are just worth it. A guy in the 90s figured out he could get millions of frequent flyer miles from a few thousand dollars of pudding.
- DrBazza 4y agoOr a military jet? https://en.wikipedia.org/wiki/Leonard_v._Pepsico,_Inc https://en.wikipedia.org/wiki/Leonard_v._Pepsico,_Inc.
- thebigspacefuck 4y agoWhat about the Great Recession?
- laputan_machine 4y agoI'm in my 30s, I remember 2008 not being a fun time, didn't feel stable watching friends and family lose their jobs and then their houses!