• PM_ME_FEET_PICS@sh.itjust.works
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    1 year ago

    They haven’t saved for retirement and grew up in an Era with with work offering pensions as rare.

    Younger generations have greater growth and more savings across the board.

    • ImFresh3x@sh.itjust.works
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      1 year ago

      Holy fuck.

      Generational wealth gap is an undisputed economic reality, especially when comparing any generation to boomers. Boomers have acquired more wealth by ever age benchmark than any generation to ever exist.

      And pensions were very common decades ago. Now they’re mostly gone:

      https://www.investopedia.com/articles/retirement/06/demiseofdbplan.asp

      Your brain is broken. You need to spend more time reading, and less time commenting for a long time.

    • KᑌᔕᕼIᗩ@lemmy.mlOP
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      1 year ago

      I fully expect a lot of the younger generations to say “fuck it” and just live in poverty instead.

      I’m already seeing this attitude in my adult son and his friends and it’s getting increasing hard to motivate him when he sees no light at the end of the tunnel to work for.