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?
The overall circumstances, our economic model and job market are ever changing. It has been more dynamic on last 25 years than it ever was. The difference between the priorities, preferences, job and business of new generation are going to be different than the old one.
Another factor to consider is today and next few years would be the toughest time to get a job. There are largest number of young people seeking job than there ever were and ever will be. As more of the todays youth gets integrated in job market, the future job market would be more difficult to predict.
There would be an ever lasting demographic and economic crunch coming in next decade and beyond.
Our lifestyle maybe much different than what we have now in next 20 years.