The Economy Is Great. Why Are Americans in Such a Rotten Mood?

[Sympthsical]

26. That's a tricky circumstance to depend upon

Tricky, because Boomers are hanging in there. Upper Millennials are already in their 40s. When that wealth finally trickles down to people already in their 50s, that's not really solving the problem for younger generations. Zoomers and Alpha are just going through what Millennials have. Maybe worse, because school and housing ain't getting any cheaper.

With that wealth transfer, you could very easily end up with just another older generation owning a bunch of property and driving up prices and rents. We could be initiating a cycle in all this. Older generation lives longer, hoards wealth, and that wealth just gets passed into the next older generation. Meanwhile, if you're under 40, enjoy the economy we've created for you.

And we just can't expect generations to keep going through that. If history teaches us anything, you get a discontented youth for long enough, and your country will go through some shit.

I sometimes think people think Millennials are young still. I'm an older Millennial/Xennial. I am middle-aged. There is no talking around that. I am in my 40s and exhausted. I just got my first house four years ago. My friends' parents are 60s, early 70s. No one's seeing anything until they themselves are in their 50s or even 60s.

I think one of the unspokens is increased lifespan and the effects this is having on wealth concentration. You can't take it with you, but damn, some people are out there trying.