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You know that a fair share of those Gen Z is mid-20s to late 20s now and this is a classical eruption of people who's society doesnt give them the means to supp

by u_sama 1y ago

You know that a fair share of those Gen Z is mid-20s to late 20s now and this is a classical eruption of people who's society doesnt give them the means to support themselves. I dont get the nursery thing, if anything modern societies are a tyranny of the elders, a pure gerontocracy

elmerfud 1y ago
It does give them the means, the problem is it gave them too much. Gen Z claims they can't afford anything but they're walking around with cellphones that are far in excess of what any financially responsible person would consider appropriate for their income. Sucking down $6 foofoo drinks and $20 lunches and then getting their dinner delivered!!! My God, this doesn't even scratch the surface on now financially irresponsible they are. They were given a society of dreams and desires but failed to be taught to control themselves or to be responsible. So yes elders do deserve the blame, it's their fault for giving too much and teaching too little. A world full of wonders and amazements and temptations and a generation that has zero self-control. But as far as the society that doesn't allow them the means to support themselves, that is a complete and utter garbage argument in every way shape and form.
- xrd 1y ago
  Save me some time here and just say "avocado toast" so I can move on. The kids know about RealPage and how landlords are colluding against them. They aren't stupid.
- u_sama 1y ago
  Ok let's check the societies where these revolts happened: - Nepal - Morocco (of which I know more of) - Madagsacar Let's take some time to understand the context. Wow ideal societies, dreams, people walking with 6$ foofoo drinks where the average monthly salary is 400$ and the inequality and corruption far surpasses the average. When I mean gerontocracies I touch on the west but also on the diverse emergent countries who's politicans and entrentched castes are also very old compared to the median age of their populations. And even in the West, idk what you mean but you know that consummer electronics has nothing to do with the fact that in most European countries post-2008 there has not been any meaningful wage growth while housing and other necessaities have raised in price. In the US same thing, when it comes to prices vs wage growth and inflation, only with the supplement of having also debt for university. I recommend you search youth unemployment rates by year and country in the OECD. Stop being an entitled asshole and try to look from the point of view of those more younger.
- matthewmacleod 1y ago
  This is so cliché that I have a hard time believing that this isn't just trolling… but it's kind of irrelevant how much you spend on "$20 lunches" if you are struggling to afford things like education, healthcare, and shelter. I'm old enough to have missed the worst of this – the generation after me appear to be completely fucked in terms of what they can practically afford, and no amount of "the youth are just irresponsible!!!!" stupidity is going to to change that.
- postflopclarity 1y ago
  typical entitled oblivious boomer drivel. let's take the thought experiment further: $6 latte and $20 lunch, every single day (unrealistic, but let's just play it out) would be $9490 / year. The median price of a home is now about $410,000. The median down payment is 18%, so that means it would take nearly EIGHT YEARS of foregoing all "comfort" expenses you've identified, e.g. lattes, to save for just the down payment let's rewind the clock a little? I don't know when you were a young adult, but let's just say 1985. The median home price was $75,000. Using an inflation calculator to scale the latte is a bit weird, since home prices are included in that number, but let's just use the ratio of median incomes. The median income in 1985 was about $18000. now, it's $40,000. so the same "comfort" expenses in 1985, as a percent of income, would have been $11.7/day or $4270 / year. It would only take just over THREE years, forgoing the daily latte, to save for a down payment. so please, spare the lectures.

by u_sama 1y ago

elmerfud 1y ago

It does give them the means, the problem is it gave them too much. Gen Z claims they can't afford anything but they're walking around with cellphones that are far in excess of what any financially responsible person would consider appropriate for their income. Sucking down $6 foofoo drinks and $20 lunches and then getting their dinner delivered!!! My God, this doesn't even scratch the surface on now financially irresponsible they are. They were given a society of dreams and desires but failed to be taught to control themselves or to be responsible. So yes elders do deserve the blame, it's their fault for giving too much and teaching too little. A world full of wonders and amazements and temptations and a generation that has zero self-control. But as far as the society that doesn't allow them the means to support themselves, that is a complete and utter garbage argument in every way shape and form.

xrd 1y ago
Save me some time here and just say "avocado toast" so I can move on. The kids know about RealPage and how landlords are colluding against them. They aren't stupid.
u_sama 1y ago
Ok let's check the societies where these revolts happened: - Nepal - Morocco (of which I know more of) - Madagsacar Let's take some time to understand the context. Wow ideal societies, dreams, people walking with 6$ foofoo drinks where the average monthly salary is 400$ and the inequality and corruption far surpasses the average. When I mean gerontocracies I touch on the west but also on the diverse emergent countries who's politicans and entrentched castes are also very old compared to the median age of their populations. And even in the West, idk what you mean but you know that consummer electronics has nothing to do with the fact that in most European countries post-2008 there has not been any meaningful wage growth while housing and other necessaities have raised in price. In the US same thing, when it comes to prices vs wage growth and inflation, only with the supplement of having also debt for university. I recommend you search youth unemployment rates by year and country in the OECD. Stop being an entitled asshole and try to look from the point of view of those more younger.
matthewmacleod 1y ago
This is so cliché that I have a hard time believing that this isn't just trolling… but it's kind of irrelevant how much you spend on "$20 lunches" if you are struggling to afford things like education, healthcare, and shelter. I'm old enough to have missed the worst of this – the generation after me appear to be completely fucked in terms of what they can practically afford, and no amount of "the youth are just irresponsible!!!!" stupidity is going to to change that.
postflopclarity 1y ago
typical entitled oblivious boomer drivel. let's take the thought experiment further: $6 latte and $20 lunch, every single day (unrealistic, but let's just play it out) would be $9490 / year. The median price of a home is now about $410,000. The median down payment is 18%, so that means it would take nearly EIGHT YEARS of foregoing all "comfort" expenses you've identified, e.g. lattes, to save for just the down payment let's rewind the clock a little? I don't know when you were a young adult, but let's just say 1985. The median home price was $75,000. Using an inflation calculator to scale the latte is a bit weird, since home prices are included in that number, but let's just use the ratio of median incomes. The median income in 1985 was about $18000. now, it's $40,000. so the same "comfort" expenses in 1985, as a percent of income, would have been $11.7/day or $4270 / year. It would only take just over THREE years, forgoing the daily latte, to save for a down payment. so please, spare the lectures.