Covid was a wealth transfer from the youth to the elderly
What do the elderly do with their money when they die?
Youth suicide attempts soared during pandemic, CDC report says
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Re: Youth suicide attempts soared during pandemic, CDC report says
#32> Researchers, though, cautioned against drawing direct lines between these spikes and conditions brought on by the coronavirus pandemic, which disrupted nearly every aspect of U.S. life starting in the middle of last March. > A heightened appreciation about mental health in 2020 might have prompted parents to get their children mental health treatment, they said. > “Conversely, by spending more time at home together…
Humans are social creatures. How are lockdowns and social distancing not causal? There's a reason long distance relationships fail and solitary confinement is an ultimate punishment.
Add to this doomsday news on loop, confusing messaging on vaccines.
I also have too, too much anecdata to counter this.
I spent time helping families during the COVID crisis. The amount of confusion and uncertainty generated by the pandemic hit many families hard especially in states with strict lockdown regimes.
I have friends who work as RCs at a top university: they are swamped with students devastated by the pandemic who are uncertain of what their futures hold given the gap.
I have friends whose four year old has began pulling her hair out for no reason early on in the pandemic. They started taking her to a private prek that was opened. It stopped.
Re: Youth suicide attempts soared during pandemic, CDC report says
#33Covid was a wealth transfer from the youth to the elderly
This is a bad take. At most, Covid was a wealth transfer from governments and middle-class to many lucky corporations and wealthy investors. But in reality, everyone is suffering. Let's say the opposite reaction happened and we prioritized heathy youths over vulnerable seniors. There would have been orders of magnitude more deaths by now, society would have collapsed in some places temporarily or permanently as healt…
Re: Youth suicide attempts soared during pandemic, CDC report says
#34Covid was a wealth transfer from the youth to the elderly
What do the elderly do with their money when they die?
Most of the time the money is passed onto the next generation. But here's the current problem: the boomers, as a generation, have a lot of assets, specifically housing, locked up as rentals. This has caused house to shoot up (though it is not the only factor).
If the boomers die, I suspect that a large number of homes would become available at reasonable prices within the year of the death. For example, my parents own multiple rental homes (only of one of which they constructed for the express purpose of renting on a plot of land that the city thought was undevelop-able). When they die, my sister and I will sell the properties. While she lives near them, she doesn't want to manage them, and I don't since I live far away.
By allowing the boomers to live longer, these assets remain locked up. They can continue to rent seek at the expense of the generations that came after them. This means that multiple generations, particularly millennials and zoomers are screwed.
Re: Youth suicide attempts soared during pandemic, CDC report says
#35Covid was a wealth transfer from the youth to the elderly
Re: Youth suicide attempts soared during pandemic, CDC report says
#36Re: Youth suicide attempts soared during pandemic, CDC report says
#37Earlier quoted context omitted.
What do the elderly do with their money when they die?
A lot of them give it to assisted living facilites jsut before that happens. There is a huge industry around siphoning off assets from the elderly before they die.
Re: Youth suicide attempts soared during pandemic, CDC report says
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Re: Youth suicide attempts soared during pandemic, CDC report says
#39Quoted post unavailable.
Re: Youth suicide attempts soared during pandemic, CDC report says
#40I think one thing that will make the history books is how little innovation or adaptation there was in educational technology, rendering a truly depressing set of prospects for learning over the pandemic. A lot of companies have made a LOT of money in edutech going back to the 90s CDROM days and what do students get when the system escapes these companies's grasp and students need some real imagination put to the mat…