Anyone noticed some differences between economic factors during the old times compared to now and how people react to these conditions?
Obviously inflation has made the prices these days a lot more expensive. Maybe this is why the older generation easily got to buy houses and properties. They also had very low to no student debts as well. One thing I noticed is that the older generation are more likely to stay in a work for a lifetime.
But the younger generation tend to go job hopping, switching from one job to the next until they find something perfect for them. The younger generation seems to prioritize a work life balance that is why a lot of them only work from home or work only as freelance.
Are there any characteristics from the older generation you would want the younger ones to learn so they can progress economically?
I've seen many articles and videos about why "the baby boomers made everything worse for Gen Z" and how "the baby boomers were the richest generation and everything went downhill for the next generations". Maybe some of these statements are true, I didn't live in the second half of the twentieth century, so I can't make a proper analysis.
One thing is for sure. The old generations will die and their properties and wealth will be inherited by the young generations. This transition of generational wealth is really important. Yes, inflation sucks, but maybe new technologies like AI will make things easier.
The demographic decline will make things worse, but having less people in a society would mean two things. 1.Increased labor costs. 2.More assets redistributed among few people.