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Reply to "sick of elder gen x cousing"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think Gen X is the last generation that could count on owning a home and building generational wealth for their kids. I think my kids' generation (Gen Z) will be ok because they'll inherit from their Gen X parents who owned homes, has health insurance provided by their employer and had jobs with 401ks and matching funds. Kids of Millennials are screwed, just like millennials are. I get they they want to lash out. [/quote] I’m GenX and agree with this. However, the 2009 financial crisis hit Gen X hard at a time that impacted their wealth development. They will never amass as much as the boomers did based on the timing of this. It delayed many from acquiring a home to build equity and build portfolio gains. While they themselves benefitted from lower college tuition, they are paying hundreds of thousands to send their adult children to college. The boomers are completely clueless about all this. Millennials have it the worst but IMO GenX is aware of this. Also, Trump would have never won in 2016 without the massive boomer vote. Boomers welcomed the monster that is destroying our economy and democracy. It will take future generations decades to undo the damage. [/quote]For older gen-ex - the dot.com bubble bursting in 2000 also set us back. [/quote]
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