https://archive.is/mwZmN

“They shouldn’t be bemoaning their situation, they should be looking at the world and saying, ‘What can I make of it? What can I do better than the folks before me?’”

It’s true that Gen Z is concerned about their financial welfare in 2025, but data suggests that many of their fears will be relatively short-lived.

For example, Gen Zers (people born between 1997 and 2012) say they are having to turn down job opportunities because they can’t afford commuting expenses and have decided to focus on their pets in lieu of having children because kids have become too expensive to raise.

In addition, they’re abandoning their dreams of owning a home soon—unless they believe they’ll receive an inheritance soon.

This cash-strapped present may prove a contrast to their wealthy future, however, with the Great Wealth Transfer estimated to trickle around $84 trillion from the baby boomer and silent generations to their younger relatives.

Indeed, the shift will be so great that millennials are expected to be the wealthiest generation in history in the coming two decades.

Good news. When the old people die, you will all be rich.

  • DragonBallZinn [he/him, they/them]@hexbear.net
    link
    fedilink
    English
    arrow-up
    9
    ·
    edit-2
    5 months ago

    Hate read? Hate read.

    Dimon urges young people to focus on personal growth, hard work, and maintaining well-being.

    How are they supposed to do that when you need a rich person’s explicit permission to work first and they’re not hiring. Huh? Where are the opportunities for personal growth? Capital’s ONE JOB was to provide those so I can work and capital failed.

    He added that younger people are set to benefit financially from inheritance passed down by boomer and Gen X relatives, known as the Great Wealth Transfer.

    Translation: “Worry not poors, us older folks will live life FOR YOU! Just wait patiently for us to die and maybe you’ll have some scraps!”

    So trickle down all over again?

    These kids, anyone who’s depressed—as long as we don’t have nuclear war—they’re going to have an unbelievable life,” Dimon said in a recent interview with Fox News. “People say the next generation’s in bad shape. Really? They’re going to inherit a country that’s worth two [or] three hundred trillion dollars. They’re probably going to live to 120; AI is going to cure some cancers.

    Easy for you to say mr. Candy ass. Tell that to California, how’s being ‘rich’ working out for them? What’s that, snobs like you are dead set in turning that into a massive billionaires only country club, leaving thousands homeless? Yeah, it’s rich FOR YOU!

    “They shouldn’t be bemoaning their situation, they should be looking at the world and saying, ‘What can I make of it? What can I do better than the folks before me?’”

    We tried and you said “sorry, not hiring! I’m picky!”

    TL;DR: The whole article reeks of just-world fallacy and unironically tells zoomers to be patient for the wealth to trickle down from boomers.