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The greatest generation had very hard youths, and they got to ride off into the sunset when America was at its apogee and pensions were well funded.
The silent generation had it best of all.
The baby boomers had great youths but their lives have mostly declined since then. Millions are retiring with pennies to their name.
Gen X graduated into an amazing job market (early 90s recession was a hiccup) but lost lots of money on overpriced starter homes in 2008. Their lot seems to be a mixed bag.
Millennials probably had the most mismanaged expectations. Life was a continual upswing until 2008 when they started to enter the workforce. All of a sudden life got much, much harder. They will eventually buy houses but much later than other generations. When the boomers liquidate their suburban homes to survive prices will fall.
The greatest generation had very hard youths, and they got to ride off into the sunset when America was at its apogee and pensions were well funded.
The silent generation had it best of all.
The baby boomers had great youths but their lives have mostly declined since then. Millions are retiring with pennies to their name.
Gen X graduated into an amazing job market (early 90s recession was a hiccup) but lost lots of money on overpriced starter homes in 2008. Their lot seems to be a mixed bag.
Millennials probably had the most mismanaged expectations. Life was a continual upswing until 2008 when they started to enter the workforce. All of a sudden life got much, much harder. They will eventually buy houses but much later than other generations. When the boomers liquidate their suburban homes to survive prices will fall.
Agree 100%
This also explains why baby boomers, most specifically the younger set, are so obsessed with trying to bring back a bygone era. When you think about their lives, things really do seem “better” back in the day. They grew up watching reruns of 1950s sitcoms which greatly influences how they view the 1950s. They were too young for Woodstock but did partake in the 1970s Jesus movement, which is a big source of their social conservatism. Their prime was the 1980s and early 1990s. Things started to decline for them around the time Bubba was in office and it really started to pick up steam towards the end of Dubya and through Obama. While Millennials had trouble finding initial employment because of 2008, it was boomers that saw a lot of what they spent their lives working for evaporate. The ‘90s was also when the religious right started to lose a lot of its influence which has fueled their unease about American culture. When you think about it in this way it’s kind of understandable why they want to bring back the “good ole days.”
Gen X graduated into an amazing job market (early 90s recession was a hiccup) but lost lots of money on overpriced starter homes in 2008. Their lot seems to be a mixed bag.
ll.
Are we forgetting the dot com bust and all the people who went into MIS and IT in the late 1990s/early 2000s that suddenly couldn't get jobs?
Are we forgetting the dot com bust and all the people who went into MIS and IT in the late 1990s/early 2000s that suddenly couldn't get jobs?
That was a localized recession, and late Gen Xers still had time to get a career foothold before the great recession. It sucked if you were a programmer, but you could get another job unlike in say 2009 when everything was contracting.
I peg the prototypical Gen X graduation year as being in the early to mid 90s, which was in the latter half of basically a 20 year economic boom.
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