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submitted 11 months ago by return2ozma@lemmy.world to c/news@lemmy.world
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[-] xhieron@lemmy.world 141 points 11 months ago

Yeah no shit. They feel that way because it is that way. You don't need polls for this information. It's economics. "Perceived" or not, it is actually, literally harder for millenials and younger adults to achieve the same level of financial stability as their parents, full stop. That's not a matter of feeling or perception. That's the declining real value of money. Inflation, greedflation, economic contraction at key life milestones, wealth inequality, lower indicators for health, and on and on. Across every metric I can think of off the top of my head, millenials and the next generations perform worse than previous generations due to circumstances entirely beyond their control (and largely the result of the prior generations, including dead hand control and policies directly adversarial to young adults' accumulation of wealth). For many young adults, the best financial windfall they'll ever experience will be when their more affluent parents die, and no active measure they can take on their own behalfs will meaningfully change it.

The ruling class should be terrified of them.

[-] Seraph@kbin.social 59 points 11 months ago

My mother has joked with me that she's spending my inheritance, despite her friends telling her not to say that. I didn't expect any windfall even before that, to be fair, but it's nice my own mother can be honest about the "Fuck you I got mine."

no active measure they can take on their own behalfs will meaningfully change it.

They don't seem to understand what this means to an economy. I experience it now at my job: there's no reason to work harder, there's nothing to gain. Without growth there's no reason to invest and an economy collapses. All growth right now is artificial, consolidation of smaller growth business into giant mega corporations that won't pay taxes or employees fairly.

A Greek proverb says a society grows when old men plant trees whose shade they shall never know. What's the exact opposite of that?

[-] Flambo@lemmy.world 33 points 11 months ago

A Greek proverb says a society grows when old men plant trees whose shade they shall never know. What’s the exact opposite of that?

Well what's happening right now is old men are actively uprooting anything that won't grow to shade tree size in their lifetimes. It's as if their aim is to one day build their own coffin out of the absolute last tree on Earth.

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this post was submitted on 07 Nov 2023
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