this post was submitted on 15 Jan 2024
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Mildly Interesting
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You're framing your indignation from a place of generality. No one thinks that boomers are the sole source of the World's woes. However, they are the largest generation and tend to dominate discussions surrounding housing and the economy. They also make up a huge portion of the elected officials in North America, and younger generations have had it much harder than boomers ever did. It's a lie that millennials and gen z have had more money than our parents and grandparents ever did. We don't have nearly the purchasing power people did in the 50s and 60s.
millenials and gen z have far more purchasing power than anyone in human history. The problem is that purchasing power for specific things, like housing, has not experienced the same general trend. But the average person can buy more, say, tvs than people even in the 90s could.
And everyone magically has an iPhone. Those poor privileged genz