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?
What's clear is inflation, as real inflation makes each generation different in every way in meeting their living needs. Furthermore, what differentiates people now and in the past, in this context, is economic growth. One reason is that the previous generation had a wealth mindset. This wealth mindset can be implemented by starting to plan for their future finances, such as saving, investing in property, and, once they own a garden or rice paddy, they also cultivate it themselves.
The current generation buys houses from banks and works to repay bank debts. Similarly, with work, people in the past worked diligently and were prepared to endure pressure, but the current generation wants freedom and doesn't want to be pressured by superiors. As a result, we can see that the current generation doesn't stay in one job for long; they often leave because they prefer freelance work without being controlled by anyone.