the rum soaked fist: internal martial arts forum

it's very interesting (but disturbing) how the economic cycles of boom/bust, growth/recession line up with generations of kids entering the workforce. if you enter at a boom time, you get a job and accelerate your career, have income, get a mortgage with low interest rates, etc., etc. if you enter at a bust time, you cannot get a job, everything is not affordable. it affects micro-generations on a mass scale, but it also fits into the haves/have nots within and across generations. because if you have a lot of money, what a time it is to turn it into an absurd amount of money. rich boomers (millionaires not billionaires) cannot possibly spend it all if they stay healthy. in that sense, some millenials (many but not all) will be quite well off soon despite the generational disadvantages. it's hard to make sense of it all.