nfinf.substack.com
Inspired by some of the conversations we had here about the experiences of previous generations (especially with /u/the_nybbler, and yes, I know you're not a boomer), I wrote up a post that challenges a common narrative of how good the boomers had, and how screwed the millennials are. Main point is that the houses were not that much cheaper relative to now, and the interests rates were murderous. Enjoy!
(I'm a regular poster here, but I wanted to separate the identities for opsec purposes).
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Notes -
Interesting analysis! Brings up some counterpoints to the usual narrative.
From my own friend group the whiniest of my millennial circle who disparage the boomers the most also seem to be the worst with money. They persist in lower paying jobs and havent tried changing careers as readily as they perhaps should, or sometimes aren't even investing for retirement (instead of the oft-blamed avocado toast what is the opportunity cost of habitual marijuana consumption?).
With the recent stock market rallies its easy to see the gaping maw of future millennial wealth inequality.
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