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The world won’t fail , but the impacts are real when economic systems change . We are already facing that , asset inflation is already run away , generational
by manquer 2y ago
The world won’t fail , but the impacts are real when economic systems change .
We are already facing that , asset inflation is already run away , generational wealth is only way millennials can buy a house , the economic prosperity of boomers is long gone .
The cost of having children has gone up , that is changing demographics today.
It is not black and white between economic collapse and we go to trading cigarettes or everything is awesome , it is spectrum and we already feeling the real economic pain and nothing is indicating it will get better just worse
- JumpCrisscross 2y ago> generational wealth is only way millennials can buy a house Millenial. Own a house. No generational wealth helped with that, just being incredibly fucking lucky in Silicon Valley. Roll again. > it is spectrum and we already feeling the real economic pain and nothing is indicating it will get better just worse Practically none of this has to do with the U.S. dollar as a reserve currency (minus deïndustrialisation, which we're starting to reverse).
- lmm 2y ago> Millenial. Own a house. No generational wealth helped with that, just being incredibly fucking lucky in Silicon Valley. Roll again. A handful of people win the lottery. That's not proof of anything and doesn't change the overall trend.
- deleted 2y ago[deleted]
- joshuahedlund 2y ago60% of Millenials are homeowners, only a few percent lower than boomers at that stage. https://www.redfin.com/news/gen-z-millennial-homeownership-rate-home-purchases/ https://www.redfin.com/news/gen-z-millennial-homeownership-r...
- SubiculumCode 2y agoMaybe, but starting at a later age I bet.
- lifty 2y agoOf course it has. The slow but certain financialization of the economy since the 70’s has lead to all of this, including the deindustrialization you mention.