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> getting a mortgage down payment without exposing themselves to risk. You can't live life without risk. Your parents try to make your life relatively risk fre
by antisthenes 3y ago
> getting a mortgage down payment without exposing themselves to risk.
You can't live life without risk. Your parents try to make your life relatively risk free until you are 18, but then hopefully you've learned enough life lessons to be able to see which risks are worth taking and which ones aren't.
But there's never going to be a risk-free or tradeoff-free way to live through 60+ years of your adult life, including something like getting a mortgage. It's amazing how many Gen Zs and Millenials are struggling with this concept.
> A sane society would have inflation low enough that people wouldn’t feel like idiots for saving money
We already do.
- ryandrake 3y agoAnother poster pointed out how every other non-gambling path to wealth is slowly being shut down (or to put it positively, optimized away), so the new generations are leaning on things like crypto and online poker and chatGPT startups as their only shot at the middle class. Society have set up our economic structures so they are all based on risk-reward, so it's no surprise that risk and gambling are slowly becoming the only viable path to wealth creation.
- titzer 3y agoAn unfortunate but not unforeseeable consequence of the ultra-capitalists' common talking point that people who take "risks" should be rewarded. That has always been the lamest excuse for why people with money deserve more money for doing no work.