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Yes, because it will mean a whole generation will struggle. But these are the cards life is throwing at us. We are not the first generation to go through this,

by huherto 18y ago

Yes, because it will mean a whole generation will struggle. But these are the cards life is throwing at us. We are not the first generation to go through this, nor we are the last. One day we will look back and be proud we endured. It will be a great opportunity to refocus our priorities, to work on preventing this to happen again.

jbenz 18y ago
This is exactly what I thought as I read the article. We're talking about an entire generation of young workers who might not be able to reach their full financial potential (as measured against the past six years, at least). But you're right. Thems the breaks. Make money for people, and you will make money. Who knows, in 15 years you might find yourself in the perfect position to make a lot of bank. Or maybe Sequoia is overestimating the damage and we'll be fine in 36 months. Keep hope alive?
- Hexstream 18y ago
  Hope for the best, prepare for the worst.
  - mikesabat 18y ago
    ...and maybe wind up somewhere in the middle. - Bright Eyes, Loose Leaves
chollida1 18y ago
> Yes, because it will mean a whole generation will struggle. Which Generation? The baby boomers trying to retire on their savings that are slowing being wiped out? The Gen Xers that should be comming into their peak earning years? The Gen Yers that are starting out in the work force? Or did you mean to say that the entire population will suffer for a generation, generally considered to be 20 years?
- olefoo 18y ago
  > The Gen Xers that should be comming into their peak earning years? Drats, screwed again! Curse you demographics. //shakes fist
- huherto 18y ago
  Great question. My guess is that the Gen Yers will be most affected. Here is my reasoning based on my moms family. She has 12 siblings.(No TV:) The stage is the Mexican crisis from 1976 to 1994. The older siblings had already achieved something when the crisis started and they fared ok, some even did very well. However, the younger siblings have always struggled. They entered the workforce just when the crisis started. And they were never able to do ok, even after the crisis ended. By that time they were in their late 40s.

by huherto 18y ago

jbenz 18y ago

This is exactly what I thought as I read the article. We're talking about an entire generation of young workers who might not be able to reach their full financial potential (as measured against the past six years, at least). But you're right. Thems the breaks. Make money for people, and you will make money. Who knows, in 15 years you might find yourself in the perfect position to make a lot of bank. Or maybe Sequoia is overestimating the damage and we'll be fine in 36 months. Keep hope alive?

Hexstream 18y ago
Hope for the best, prepare for the worst.
- mikesabat 18y ago
  ...and maybe wind up somewhere in the middle. - Bright Eyes, Loose Leaves

chollida1 18y ago

> Yes, because it will mean a whole generation will struggle. Which Generation? The baby boomers trying to retire on their savings that are slowing being wiped out? The Gen Xers that should be comming into their peak earning years? The Gen Yers that are starting out in the work force? Or did you mean to say that the entire population will suffer for a generation, generally considered to be 20 years?

olefoo 18y ago
> The Gen Xers that should be comming into their peak earning years? Drats, screwed again! Curse you demographics. //shakes fist
huherto 18y ago
Great question. My guess is that the Gen Yers will be most affected. Here is my reasoning based on my moms family. She has 12 siblings.(No TV:) The stage is the Mexican crisis from 1976 to 1994. The older siblings had already achieved something when the crisis started and they fared ok, some even did very well. However, the younger siblings have always struggled. They entered the workforce just when the crisis started. And they were never able to do ok, even after the crisis ended. By that time they were in their late 40s.