I just saw an economic video about the future of young Americans for those under 40 and the future looks very dark for most of them.

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Trending & News I just saw an economic video about the future of young Americans for those under 40 and the future looks very dark for most of them.

I find it kind of amusing, in a sort of pervese way, how fucked up everything, and how those of the political class and older generation don't even want to talk about it.
Their solution to a country's demographic problems are sweeping it under the carpet and importing third world migrants, making life infinitely more difficult for the non-wealth and non-asset owning classes. There is a real tragedy about it. That younger people can't own a house, have children, transition through adulthood. It is a real demographic disaster. And you would think any sane and sensible government would acknowledge it and put every resource it had into resolving this problem.
Instead we had the insane pathological safetyism of the covid era, where half a trillion was spent on paying people to sit at home for a virus that was not risky for even most unhealthy people. The debt burden is now on the shoulders of their children and grandchildren. With the rampant inflation due to insane levels of money printing, the wealthy have gotten much wealthier. We have been fucked over and ruined by the political classes, and the great mass who would rather rot in front of their phones and eat take-aways in the evening, than inform themselves in the most basic of ways and ask just some basic critical questions..
Yes, I could and do get depressed. But it's fine. My faith is in a higher power. We are watching the fall and death of a paradigm. We have to understand the forces at work, and orientate ourselves to it accordingly.
I'm not under 40 but I didn't get money from covid. I was determined to be making to much.
@Caroline91 I'm sorry American dude, I'm not feeling very inspired of late.
But I think working towards a post-duality consciousness is the way forward. 'tis a practice.
I mean we live in a country that cut Unions, cut increasing the minimum wage to match inflation, cut paying back the National Debt little by little every year, and cut holding corporations accountable to keep shady practices down, etc.
America is at a good position though the flaws of the past are biting us in the butt which makes it uncomfortable at times. Just know that change is coming and life will be okay, just have to hold in there and not give up hope.
He's baaaaACK!
@Caroline91 Yes he is! 👍
I don't see our chances as being robbed. We already own a house, have a retirement fund we are building, and my husbands investments have tripled in the last 3 years. But I do think it's much harder now than it used to be, but the opportunities are still there
I already have a house, but retirement is still 40 years away. None of us may be getting anything in 40 years - or before that. So why worry?
I won't say to worry but part of the problem is you will be working well into your 70's and possibly 80's if you're still alive and you better hope you don't lose your job or get seriously sick along the way.
That's not a healthy way to live life knowing you are 1 bad break away from your life turning upside down.
If you have a 401k put 24000 a year in to it. If you have an IRA put 8000 a year in to it. Those are the maximums you can. You will subconsciously thank me in 20 years if you do. If you don't have either start them especially the 401k or mutual funds.
@Sharkstealth Nice, but a lot of people only make $24,000 in disposable income in a year after taxes and living expenses - maybe even less. So putting that much in is dumb because you might have to withdraw it if you are in a bind, and then pay taxes on it to boot.
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You will have nothing & be happy. You will ear the bugs.




It's not impossible but the boomers/older gen x had it easy and really had to make things more difficult for the rest of us
Sure did. Super difficult.
50 plus years ago on 1 income barely above minimum wage you could afford to have 4 to 5 kids, own a house and 1 car.
Such reality now seems like a fantasy.
You’re voting democrat, eh?
@Dongie she’s a typical democrat.
@Dongie I've met people in their 60's that bought houses dirt cheap, my brother's ex wife family bought theirs for $20k. It's not the fanciest house out there but it's decent enough to live in and they have a roof over their head. With just 2 minimum wage jobs, one each, they were able to raise 3 kids, buy a house and 2 cars and still have enough left over to where they're sitting at $100k in savings. Like Hispanic-Cool-Guy said, that is nothing more than a fantasy now.
If millineals and gen-z'ers are the young adults running the world these days that boomers so often complain about messing everything up the older generations can take some blame too. No one is targeting you specifically, obviously I'm talking about it as a WHOLE here.
@Dongie tbh I'm not interested in sitting here and just blaming others, I'm trying to work for myself and my own future. It's not that deep of a topic for me nor am I super resentful or anything, you guys were the ones that were more offended by what I said and took it more personal that I even intended to make it out to be.
Hope everything works out for you.
Both parties for decades have been screwing this country.
The media has y'all gaslighted and divide to choose sides while they don't care for you.
That's because men were considered the bread winners and the workplace was not saturated. Also the internet didn't cause most businesses to pay foreigners to produce products and then finally take over our countries upper management.
The biggest reason is equal rights to women. The second is company outsourcing.
I'm under 40, I own a house with about 60% equity, I have a wife and son, two cats, two cars, and a retirement account. Yeah, it's gotten harder, but it's still obtainable.
The GI bill made college degrees as valuable as bowling trophies and as necessary as cars. And yet, no matter WHAT the economy does, no matter WHAT happens on any political stage, college keeps getting more expensive.

To be more specific: I think my country has very little to do with that, it's a globalized world, you know that, unless you live in North Korea. When you're implying that economics depend solely on what your gov/state does, I think you're missing an important feature of the world as it is: Interdependence !
Chose A. I'm making more money than ever and seem to be on an upward trajectory. I just bought my first house and am getting to do a lot more of the things I want to do.
Seeing as I am not under 40, shucks, I will not presume to speak about it. Even tho I am alive here and now and have a better chance at a statement than somebody who was born yesterday speaking of how "easy" it was back then.
wait till camela and the commies want to tax your unrealized retirement gains.
I feel optimistic. I’m going to work to build the life for myself that I want to build
Starting a family, owning a house and retirement are all things I don't care for
hahahaha
You want to work forever?
I love what I do and am expected to be lucky to turn 50
Oh. So you have a family history of death below average life expectancy?
No, just my own health that's warped through no fault of my own
Maybe. I hope so
You hope you've been robbed?
@NamerOfStars No. I hope of owning a house
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