"Boomers" and early "Gen X'ers" are broke'ish like everyone else. In fact they have had a lifetime of wealth stolen every 7 or 10 years due to manufactured "recessions".
While this is true, I generally think that Gen X like the boomers had it easier as they had the luxury of a better purchasing power so they could acquire capital more easier, compared to today where the millennials/Gen Z are excluded from participating in the economy in a meaningful way. And Gen Z would have it easier than Alpha unless the money can be fixed.
True I remember getting a raise and then with in months it being wiped out by some crisis raising fuel through the roof and jacking up everything else.
"Boomers" and early "Gen X'ers" are broke'ish like everyone else. In fact they have had a lifetime of wealth stolen every 7 or 10 years due to manufactured "recessions".
Inflation of the 70s. Savings and loans of the 80s. The crash of 87. Dot com bubble, housing bubble. Then COVD crash.
Gen X literally had the economy blown up and reset every 10 years of their lives.
While this is true, I generally think that Gen X like the boomers had it easier as they had the luxury of a better purchasing power so they could acquire capital more easier, compared to today where the millennials/Gen Z are excluded from participating in the economy in a meaningful way. And Gen Z would have it easier than Alpha unless the money can be fixed.
True I remember getting a raise and then with in months it being wiped out by some crisis raising fuel through the roof and jacking up everything else.