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> I don't know if their parents or education system is failing these people, but something needs to change. Is there any evidence or reason to think that peopl
by lapcat 2y ago
> I don't know if their parents or education system is failing these people, but something needs to change.
Is there any evidence or reason to think that people were just more financially literate in the past and somehow regressed? This theory seems to ignore broad societal trends such as increasing wealth inequality, increasing housing costs, increasing health care costs, stagnation of wages, decreasing employment stability and security over time, and the elimination of employer pensions.
- koolba 2y agoThe classic retirement plan was to have a bunch of kids, raise them right, and one of them would take you in your later years. The other half of that bargain was that you’d help take care of the grand kids, teach them, and maybe prepare dinner. The more kids you had, the more of a buck shot approach it was.