I was born in 1969. Back in the late 80s, I recall reading articles about how Gen-X was totally screwed: Squeezed out of the lucrative job market (and housing market) by the (greedy) boomers, but with likely higher tax rates to pay for all the boomers once they retired en masse. No doubt, the boomers (especially the ones born in the early 50s) had it easier in terms of access to jobs, education, and housing, coupled with lower taxation rates. I fear that the current generation will be even more screwed; however, given the insane price levels of housing coupled with stagnating, below-inflation wage/salary increases, and (the day of covid-spending reckoning will come sooner or later) higher taxes/reduced social spending. Oh, and something called climate change.
__________________
The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts. (Bertrand Russell)
|