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It’s not isolated to Gen X. Wealth is largely transferred as early inheritance, always has been, therefore it’s just rich keeping getting richer.
Lots of us in Gen X had another leg up: technology jobs.
There have been multiple bursts of technology hiring over the last 30 years. Yes its been “boom and bust” but during the booms the income received by those Gen X workers was disproportionately larger that many other professions. Those that saved during the “boom” times to ride out the “bust” are doing much better.
One challenge that Gen X has appeared to be facing more than prior generations is generational squeeze. Adult Gen X’ers having to care their own now adult children that are struggling to survive on their own outside of the home as well as caring for Boomer parents (many of whom didn’t save enough themselves).
Lots of us in Gen X had another leg up: technology jobs.
This path is still available for Millennials even if a bit harder. Long term there’s a lot of job safety to be had because Gen Alpha can’t use computers beyond phones and tablets. I do worry that by the time I’m really old I’ll be like a watchmaker, logging people into their bank accounts when biometrics fail or things like that.
One challenge that Gen X has appeared to be facing more than prior generations is generational squeeze. Adult Gen X’ers having to care their own now adult children that are struggling to survive on their own outside of the home as well as caring for Boomer parents (many of whom didn’t save enough themselves).
Having children is a terrifying thought given where the world is and is going. I feel like Gen X got really screwed on that end, reproducing in the last hurrah of western optimism.
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Lots of us in Gen X had another leg up: technology jobs.
There have been multiple bursts of technology hiring over the last 30 years. Yes its been “boom and bust” but during the booms the income received by those Gen X workers was disproportionately larger that many other professions. Those that saved during the “boom” times to ride out the “bust” are doing much better.
One challenge that Gen X has appeared to be facing more than prior generations is generational squeeze. Adult Gen X’ers having to care their own now adult children that are struggling to survive on their own outside of the home as well as caring for Boomer parents (many of whom didn’t save enough themselves).
This path is still available for Millennials even if a bit harder. Long term there’s a lot of job safety to be had because Gen Alpha can’t use computers beyond phones and tablets. I do worry that by the time I’m really old I’ll be like a watchmaker, logging people into their bank accounts when biometrics fail or things like that.
Having children is a terrifying thought given where the world is and is going. I feel like Gen X got really screwed on that end, reproducing in the last hurrah of western optimism.