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[–] 80 points 1 year ago* (13 children)

At any point in their lives, Millennials will have about 1/4th the buying power of Boomers.

At any point in their lives, GenZ will have about 1/4th the buying power of Millennials, anout 1/16th the buying power of Boomers.

Wealth redistribution is now required for current and future generations to obtain human needs from their society again.

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  • [–] 16 points 1 year ago* (1 child)

    At any point in their lives, Millennials will have about 1/4th the buying power of Boomers.

    At any point in their lives, GenZ will have about 1/4th the buying power of Millennials, anout 1/16th the buying power of Boomers.

    Can I get the source on that? Feels right, but I want to be able to reference it.

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  • [–] 2 points 1 year ago* (last edited 1 year ago)

    The numbers are “made up” and not based on any data. The data we do have is much more complex, murky, and even intentionally compromised to fit a narrative.

    A more accurate way of phrasing it is that older generations have hoarded finite resources, locking younger generations out of milestones like buying homes, which also means locking them out of building equity and setting down community roots, which means a higher percentage of their money is spent on surviving instead of living, which makes them delay or abandon starting families, etc.

    If you look at the studies, they will try to argue to generational “wealth” is akshually increasing against inflation and cost of living. But if you look more closely, you will also notice how they conveniently avoid the aforementioned facts. So while those fractions are not based on actual measurements, they still convey a very real concept that is being felt deeply and not being appropriately measured or dealt with.

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  • [–] 11 points 1 year ago (8 children)

    Do you have a source I can share?

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  • [–] 57 points 1 year ago (2 children)

    thats a lie. gen z doesn't have retirements

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  • [–] 45 points 1 year ago

    OMG people are dipping into their savings and using money just to get by.

    Want to read about it? Okay pay me plus see all the ads we have.

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  • [–] 45 points 1 year ago*

    Not like any of us expect the money to still be there or be worth anything when we're 60+ years old (or whatever they move the goalpost to)

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  • [–] 20 points 1 year ago (1 child)

    Yeah, the world is too expensive to live in right now. Who can plan for a future when you can't catch up with the past.

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  • [–] 18 points 1 year ago (1 child)

    Good. The worse things get for the most people the better the chance for real change. At this point I don't care if it's societal collapse, revolution, corporate overlord ship or fucking whatever, just get to the point already, I can't deal with another thirty years of circling the fucking drain and I'd really appreciate it if I could start Mad Maxing it while I'm young enough to enjoy.

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  • [–] 14 points 1 year ago

    It is indeed getting tedious. I'm under no delusions that the collapse of society is going to improve my situation at all, but it would likely be less fucking boring than showing up at work every day just to continue existing till the next payday.

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  • [–] 18 points 1 year ago

    It's not just Gen z I say as a millennials

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  • [–] 16 points 1 year ago (1 child)

    This covers gen-X and millennials too. I've had more than a handful of friends that have had to do this during their lifetimes but I'll grant you it's definitely worse now than even a decade and a half ago.

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  • [–] 16 points 1 year ago

    You guys are getting retirements????

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  • [–] 13 points 1 year ago (2 children)

    My retirement plan is to buy a gun for whenever I develop a disease that I can't afford to treat so I don't die in uncontrollable pain

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  • [–] 12 points 1 year ago

    It's all those avocado toasts, they should join Avocado Anonymous.

    /S

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  • [–] 9 points 1 year ago

    what retirements

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  • [–] 8 points 1 year ago

    Funny, I did the same and I'm almost a boomer.

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  • [–] 3 points 1 year ago* (1 child)

    I’m not sure what’s up with Z. Young men leaning hard towards trump, lots of backlash against female characters in movies, following toxic men like Andrew Tate and Jordan Peterson. It’s like they’re becoming boomers. (Not saying they’re ALL like this, just a very surprising and growing number are.)

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  • [–] 3 points 1 year ago

    so the plan is working

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