3 ms·
The largest generation in American history is retiring.
by bhpm 3y ago
The largest generation in American history is retiring.
- throwaway5959 3y agoExactly. People act surprised when labor force participation has declined since 2008, at least until they’re told when the first baby boomer hit retirement age.
- toomuchtodo 3y ago10k per day, 3.65M per year.
- mooreds 3y agoIt is gen X's time to shine!
- MightyBuzzard 3y ago[dead]
- orop8jrj 3y agoHardly; they are outnumbered 2:1 by Millennials and Gen Z. Gen Alpha is coming out of HS, slamming into the same reality as their elder siblings. GenX had cushy youths and young adult lives, the “start a family” time, the opportunity to afford a house or 3 by now. GenX is the cohort leading the decline in allegiance to church and American civic life pageantry. The original “eh capitalism is just old guys selling high minded memes about human future just like religion” generation. The let’s forget “stuff” for experience. They did not have the same pressure to sell widgets Boomers raised by a Silent Generation of post world war shellshocked Cold War paranoids huffing leaded gas fumes. The only way I see them “shining” is by laying low like they do and let the next generation get started living a life decoupled from the olds demands we serve their vacuous decrees.
- awkwardpotato 3y agoGen Alpha has barely entered Junior High. Gen Alpha is 2010-Present, at best, putting them in 7th grade in the US.
- vidanay 3y agoAaaaaand...it's gone.
- I_Am_Nous 3y agoIt was those dang millennials, they ruined everything. Somehow.
- EasyMark 3y agoand be blamed for every (bad) thing that happens :)
- Waterluvian 3y agoAnd they’re going to have to fork over all that boomer money if they want us to take care of them. ;) Actually, perhaps not joking. Wouldn’t people with money retiring cause there to be a growing wealth source in search of a sink? Do retiring people hoard savings as much? Why would they?
- chii 3y agoit could be that those retiring are quite productive (e.g., old but experienced etc). Them retiring, but perhaps did not train an equivalent replacement (which almost nobody does), and the firm hiring junior people, means that the total productivity drops. Therefore, if the demand for goods/services doesn't really drop (aka, that retirement money getting spent), but productivity does, it would point to inflation.
- refurb 3y agoThe following generations are larger?