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At the 3:00 mark, the differences between the mean figures and the median figures are stunning. A small handful of people are doing very well, and it skews the averages ridiculously.
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. The only thing that changed after we got rid of monarchy was that social status was determined by wealth and not by birth. Given that the wealth of upper class was not redistributed - nothing could really change. There was a brief moment in time after WWII where high taxation of the rich changed things but it was quickly resolved in 70/80s when we went back to tried and true exploitation of the masses.
This is your reminder to join your local socialists, whoever they might be.
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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Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
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Elysium.
if you haven’t seen that movie, go watch it. Because that’s our future.
“Over one-third of GenXers report having saved less than $10,000.”
You guys have savings?
In your 50s you’d honestly want a lot more than that. And many, many don’t. It’s terrifying for end of work life ahead.
End of work life? What’s that? You guys get to stop working before you die?
41 here…no home, no savings. Work till you die, then get written up for insubordination for choosing to go to your own funeral instead of coming in.
Lol I’m stealing this
At the 3:00 mark, the differences between the mean figures and the median figures are stunning. A small handful of people are doing very well, and it skews the averages ridiculously.
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. The only thing that changed after we got rid of monarchy was that social status was determined by wealth and not by birth. Given that the wealth of upper class was not redistributed - nothing could really change. There was a brief moment in time after WWII where high taxation of the rich changed things but it was quickly resolved in 70/80s when we went back to tried and true exploitation of the masses.
This is your reminder to join your local socialists, whoever they might be.
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.
Or union at least