Young Generations Are Now Poorer Than Their Parents And It's Changing Our Economies

And about Japan. Why don’t you tell your public how many abandoned homes are in Japan. 😂. 🤦‍♂️ because theirs no one to buy them.

We need a revolution, but cowardice abounds.

Houses becoming a investment strategy screwed us all...

My elders purposely HAVE NOT INVESTED in me for MY BENEFIT. JAKasses, are just greedy. Excuses to be greedy.

You can blame zuckerburgs ad revenue for selling slime to unknowning hopefuls on FB abd IG, and YT influencers brainwashing kids to believing they will never need to work HAHA

Boomers have single handedly destroyed every single aspect of life for their posterity. Financial, educational, medical, legal system, and not the least of which is Christianity.

Governments, inflation is to blame

So what you're saying is on average the baby boomers are being selfish and entitled? Wild

You reap what you sow.

I've been saying this for a while. The combination of screaming retirement deals the boomers inked and living longer has reduced the $$$ flow into the next generation. The living longer typically means more dr bills plus they're getting treatments no other generation has benifited from at a cost that eats up the wealth typically passed on.

You can thank big Wall Street investigators for driving up home prices to the stratosphere.

When I was a young boy I used to hear then President Clinton say on TV, "Our grandchildren are the ones that's gonna pay for this." I didn't understand what he was talking about at the time, but I think I get it now.😢🚫💵

Young Gen X are poor also. Every time we get pay raises and get more secure in our careers, the house prices go up. We can't catch up. My boomer parents are poor, one will never afford a home whole the other married someone from the Greatest Generation and they own a home.

Because kids are slackers

Was this Biden sponsored ?

They are poorer because they are lazy and stupid ! My God people .

Thats not what is making our people more poor. What is making everyone more poor is the government printing more and more money into the system. The more printing makes each dollar less valuble. The more they print, the more prices for everything rises. And anyone blaming the boomers are probably listening to government propaganda.

The second half of the 20th century was relatively peaceful (especially in Europe) because of USSR. After USSR was destroyed it all started to go wrong. Capitalism can just kill people and make rich ones even richer. WWIII is impossible ? I doubt it.

A person from a country with failed economy (Australia where they have no industries but digging dirt and reselling sheds called houses) is trying to tell us something about economy.

Not really but excess capitalism and a few greedy people did

He said “The prince Charles principle”
😅😅 did anyone else laugh

I do blame The Boomers on Brexit

They wanted to return to a fictitious past and they have devastated the futures of the younger generation as a consequence

While the breakdown over selfish policies as they age, the sheer advantages both in terms of the dollar and what the baby boomers could afford were well-documented, the end note was flat. Generational wealth transfer is no different from Reaganomics in that transfers of wealth from the have to trickle down to the have nots won't matter if the receiving generation is old too. Ironically, the Baby Boomers not dying is itself a central issue.

This entire thing also neatly highlights a central issue with raw democracy: the majority and major demography votes its own interest at the expense of the minorities; see: Washington, where one county, King County, runs the politics of the entire state. Millennials and Zoomers will never have the same clout and will have to clean up what is leftover. No wonder the kids are 'worthless'; they don't have a lot to work hard for.

Just like this generation. Go to time out, kids. Stop your whining.

The baby boomers blamed the government for their problems. Generation X blamed the banks for their problems. And most of the millennials (and younger ) on this page blame their PARENTS.... Wow !!! You do understand that the main reason for increasing house prices is due to the extremely low interest rates since the year 2000 and particularly since the financial crisis? Nobody gets to vote on interest rates, right? So, who is to blame? My parents??? It is just embarrassing to read many of the comments here.

Do you yourself a favour, don´t blame your parents. It is the most pathetic reaction to have. Don´t forget, your destiny as a parent is to be criticised by your kids too. Really the saddest of all responses. Try blaming government policy over decades, much healthier!! Also, trying reading the short poem by Philip Larkin, "This Be the Verse".. He even predates your hated mom and dad hate figures :) Everything repeats with a few small details changed. In the meantime don´t blame your parents for the state of the economy, it is just ridiculous...

Aw, and I forgot...one must actually work..... crybabies dont earn alot.

I was a little bit harder than promised...but my life has been good.....the problem is the Rich....Tax everyone equally and the world gets better...make corporations illegal...make individuals responsible for their wealth...abolish the concept of bankruptcy.

Probably better to compare yourself to who you were yesterday and who you’ll be tomorrow rather than other people.

No more property tax either. We don't need welfare and I'm setting up my life to live without Social Security because I know for fact I wont get any.

People who tell you otherwise by saying oh just raise taxes, well look how that has been going...

More taxes to government equals more corruption and stealing from agencies supposed to support the people.

I encourage everyone to look around you. Did your taxes fix that pothole that has been there for weeks/months/years? Is your life substantially better now and you are more wealthy by keeping more of your income? Is the energy grid updated and infrastructure in good shape and the military the most efficient with what they currently get including their "inflation increases" ?

Most will say no. We don't continue to fund corruption all in hopes that it will eventually take care of you when you no longer pay it money.

We all know deep down, that all this current economic depression is caused by the guilty of the 2008 crisis not meeting justice, that they truly deserved...

"There is no justice in the world. Not unless we make it..."

The worst thing boomers did, Imo, is tell us all our values and traditions were trash. Thus all we have in our culture now IS trash. Now we are told we are trash but some other people are really important, so they get to jet set around while average people can hardly squeak by. And now they keep saying they are saving the planet. What utter nonsense.

Winners make a way.
Losers make excuses.
Many of the young crowd are Losers.

It wasn't the Boomers. GenX did it and they're still doing it.

Don't look now , The D.C. corporation of war and lies. Seems to blame the hard work of American families, for the liberal indoctrination of division today.

As a Boomer what happens to all my wealth when God brings me home? It goes to the next generations. We can't take it with us.

Many of us here under age 50 have more education and “skills” and “experience” than the prior Gens, but they had an easier time working the same hours and acquiring the same basic things.

I really don't get why some people feel they are struggling right now. What exactly is the problem for you? There's so much opportunity right now.

I think what is commonly missed (in including in the comments here) is that the problem of demographics does not require self-interest.

Consider if every person instead voted for policies that helped their neighbor. You'd still get the same result. Most neighbors would be Baby Boomers. Imagine lining up the entire population. Have everybody vote their own preference. Now repeat, except have everybody hand their preferred vote to the person to their right. Now everybody is voting in the interest of the person to their left. But the result is identical. Same number of votes for the same people, parties, and policies.

It's a statistical problem, not a selfishness problem.

We don’t blame Boomers. We blame politicians who run our economy by uncontrolled spending. Trillions for Ukraine when only billions are required. Politicians over spend so they get kickbacks. The greedy and clueless useful idiots called politicians are the ones who stole our money, not the Boomers. The Boomers created more wealth

The only boomers responsible for this catastrophe are the traitors in congress and the greedy Talmudic bankers of the Federal Reserve.

In the uk all our parents own property as it was cheap back in the 80s now you ain’t getting nothing unless your middle class or have parents to get you on the ladder or earn over 60k
Basically , the working class are screwed young people have no hope , on top of that we have a recession , high interest rates food prices gone up petrol gone up and bills gone up
Cost of living crisis also
Good luck guys I’m sure our prime minister sunaky will sort it out 😂

Yes

The root of the problem is broken money. America is capitalist in name but socialist in practice because central banking is the tool used to inflation tax and steal from the working class in order to give it to the friend of a politician. Once math ends central banking the problem is solved. Math has an undefeated record.

IF THE GOVERNMENT HADN'T STOLEN SOCIAL SECURITY MONEY FOR THEIR DEMOCRAT PURPOSES, AND HADN'T BROUGHT IN ALL THE ILLEGAL IMMIGRANTS!!! THE YOUNGER GENERATION WOULD BE MUCH BETTER OFF!!!!! WE NEED TO MAKE THE DEMOCRATS RESPONSIBLE FOR STEALING OUR MONEY!!!!!

It's all "boomers, boomers, boomers". It would be much more productive to say, "Democrats and Republicans". They're doing themselves more harm than good by trying to polarize the generations in our country. A lot of "boomers" who normally would be sympathetic might react against that. It's not like they have clubs for boomers who sit up late at night planning ways to plunder the economy. Saying things like "boomers stole our prosperity" makes it sound like we deliberately planned to stick the younger generations with a bad economy.

“And now we’re poor like Kenny”

Its funny i never cared about finding a carrer or was worried and dropped out of highschool now im an electrician and make more than most people do with a bachelors degree, must be sad cant relate 😢

good,bye;happiness,in slavery - k.y.a.b.d.n?..