2 ms·
my 2c is nihilism and cynicism are why. Why bother, nothing means anything anyways? Why bother chasing the dream, if it doesn't come true? People have increas
by maerF0x0 4y ago
my 2c is nihilism and cynicism are why.
Why bother, nothing means anything anyways? Why bother chasing the dream, if it doesn't come true?
People have increasingly been losing meaning and purpose in their lives. Old dreams like home ownership, family (including extended), close knit friendships, and eventual financial freedom/security have been supplanted by travel (broken by inflation & lockdowns, made fake by social media), fur babies (due to gender disparagement and estrangement), workplace politics / friends for a season (as we move for work, and have increasingly tighter requirements for friend groups due to technology (ie you can find people who agree with you online, so no need to befriend the neighbor with slightly annoying political beliefs), and life time of debt and little investment value[1].
So people are simply burned out being asked to pursue a long run strategy w/ a "promised" dream. The people delivered on their end of the bargain, but the dream makers didnt.
[1]: https://www.macrotrends.net/2324/sp-500-historical-chart-data https://www.macrotrends.net/2324/sp-500-historical-chart-dat... From late 1999 to 2016 returns on .inx after inflation have been down or flat. People no longer believe the "Buy the index and you will see profits" after 20 years of contrary evidence. Over the past 30 yrs the index using the "8% per year" usual claim, should have returned 10x but it actually only returned 1/2 that.
Why try, it's not going to work anyways?