Anonymous wrote:Me - 75 years old
Stock Market - S&P 500 won’t hit 4800 again in my lifetime. Our portfolio is down 19% YTD and we’ve essentially lost years of financial runway thanks to Millennials and Gen Zs playing games meme stocks.
Jobs - The more people that lose their jobs in the coming 1-2 years, the better. We need selfish Millennials and Gen Z traders forced to liquidate so stock prices can go back up for those that legitimately earned their way into the market.
Real Estate - Prices will drop by 20% by end of 2023. This is driven by so many new homeowners buying beyond their affordability and causing prices to falter. Most Gen Z homeowners are buying in to homes 10 years earlier than they ought out of greed. Now honest people like Boomers have to suffer as a result.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Me - 75 years old
Stock Market - S&P 500 won’t hit 4800 again in my lifetime. Our portfolio is down 19% YTD and we’ve essentially lost years of financial runway thanks to Millennials and Gen Zs playing games meme stocks.
Jobs - The more people that lose their jobs in the coming 1-2 years, the better. We need selfish Millennials and Gen Z traders forced to liquidate so stock prices can go back up for those that legitimately earned their way into the market.
Real Estate - Prices will drop by 20% by end of 2023. This is driven by so many new homeowners buying beyond their affordability and causing prices to falter. Most Gen Z homeowners are buying in to homes 10 years earlier than they ought out of greed. Now honest people like Boomers have to suffer as a result.
Ok, b00mer. Is there anything you don't hate about everyone younger than you? Christ, I hope this is a troll.
How about showing some respect for a change??! Goddam spoiled brats in their 20s and 30s want to have their cake and eat it too. So tired of people like this pushing to the front of the line, boarding airplanes first with screaming kids, ruining my dining out experiences, bringing their f@ck!ng dogs into every store and café, and with no discipline. Then they get jobs, demand to work remotely, barely do their jobs, then start internet side businesses paid for by salary and benefits they steal from their primary employer. No loyalty! All of them need to get canned. This sh|t never would have flown when I was still in the workplace.
Wondered why the economy is tanking and in the recession? Read the above and now you know!
Anonymous wrote:Anonymous wrote:Anonymous wrote:Me - 75 years old
Stock Market - S&P 500 won’t hit 4800 again in my lifetime. Our portfolio is down 19% YTD and we’ve essentially lost years of financial runway thanks to Millennials and Gen Zs playing games meme stocks.
Jobs - The more people that lose their jobs in the coming 1-2 years, the better. We need selfish Millennials and Gen Z traders forced to liquidate so stock prices can go back up for those that legitimately earned their way into the market.
Real Estate - Prices will drop by 20% by end of 2023. This is driven by so many new homeowners buying beyond their affordability and causing prices to falter. Most Gen Z homeowners are buying in to homes 10 years earlier than they ought out of greed. Now honest people like Boomers have to suffer as a result.
Ok, b00mer. Is there anything you don't hate about everyone younger than you? Christ, I hope this is a troll.
How about showing some respect for a change??! Goddam spoiled brats in their 20s and 30s want to have their cake and eat it too. So tired of people like this pushing to the front of the line, boarding airplanes first with screaming kids, ruining my dining out experiences, bringing their f@ck!ng dogs into every store and café, and with no discipline. Then they get jobs, demand to work remotely, barely do their jobs, then start internet side businesses paid for by salary and benefits they steal from their primary employer. No loyalty! All of them need to get canned. This sh|t never would have flown when I was still in the workplace.
Wondered why the economy is tanking and in the recession? Read the above and now you know!
Anonymous wrote:Anonymous wrote:Me - 75 years old
Stock Market - S&P 500 won’t hit 4800 again in my lifetime. Our portfolio is down 19% YTD and we’ve essentially lost years of financial runway thanks to Millennials and Gen Zs playing games meme stocks.
Jobs - The more people that lose their jobs in the coming 1-2 years, the better. We need selfish Millennials and Gen Z traders forced to liquidate so stock prices can go back up for those that legitimately earned their way into the market.
Real Estate - Prices will drop by 20% by end of 2023. This is driven by so many new homeowners buying beyond their affordability and causing prices to falter. Most Gen Z homeowners are buying in to homes 10 years earlier than they ought out of greed. Now honest people like Boomers have to suffer as a result.
Ok, b00mer. Is there anything you don't hate about everyone younger than you? Christ, I hope this is a troll.
Anonymous wrote:Me - 75 years old
Stock Market - S&P 500 won’t hit 4800 again in my lifetime. Our portfolio is down 19% YTD and we’ve essentially lost years of financial runway thanks to Millennials and Gen Zs playing games meme stocks.
Jobs - The more people that lose their jobs in the coming 1-2 years, the better. We need selfish Millennials and Gen Z traders forced to liquidate so stock prices can go back up for those that legitimately earned their way into the market.
Real Estate - Prices will drop by 20% by end of 2023. This is driven by so many new homeowners buying beyond their affordability and causing prices to falter. Most Gen Z homeowners are buying in to homes 10 years earlier than they ought out of greed. Now honest people like Boomers have to suffer as a result.
Anonymous wrote:Me - 75 years old
Stock Market - S&P 500 won’t hit 4800 again in my lifetime. Our portfolio is down 19% YTD and we’ve essentially lost years of financial runway thanks to Millennials and Gen Zs playing games meme stocks.
Jobs - The more people that lose their jobs in the coming 1-2 years, the better. We need selfish Millennials and Gen Z traders forced to liquidate so stock prices can go back up for those that legitimately earned their way into the market.
Real Estate - Prices will drop by 20% by end of 2023. This is driven by so many new homeowners buying beyond their affordability and causing prices to falter. Most Gen Z homeowners are buying in to homes 10 years earlier than they ought out of greed. Now honest people like Boomers have to suffer as a result.
Anonymous wrote:Curious how different generations perceive the current economic climate in terms of general economic outlook.
Me:
Age 49
Stock market - a sluggish bear market that will last another two years before a slightly slowish recovery starting in year 3. Be back to bull market year 3-4 onwards.
Jobs- higher unemployment
Real estate - prices will correct at least 20% depending, mainly driven by high interest rate. But inventory will remain low BC people would rather remodel or build additions rather than upgrade to a bigger house. BC people don't want a high interest new mortgage. New home construction will fall but remodelling renovation business will be big.