The Grinch Stealing the Future of Gen Y and Z
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The Grinch Stealing the Future of Gen Y and Z
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Re: The Grinch Stealing the Future of Gen Y and Z
#2This reads like a partisan screed more than an informative piece of journalism.
Re: The Grinch Stealing the Future of Gen Y and Z
#3It's crazy how we make 10x more money for our companies than our grandparents or parents did but are unable to afford basic lives (wife, house, kids). My dad did it delivering pepsi products.
Re: The Grinch Stealing the Future of Gen Y and Z
#4This reads like a partisan screed more than an informative piece of journalism.
Re: The Grinch Stealing the Future of Gen Y and Z
#5The "trust fund" is simply a paper artifice to support the idea that it's a system you pay into like a private pension. This dates to the original conception of the system, which couldn't be passed into law if it looked like "socialism".
In reality it sits on the balance sheet just like everything else in the general fund. It "lends" money to the treasury by buying government debt (those SS payments funded all the highways and other infrastructure in the late 40s, 50s, and 60s0.
SS can't go bankrupt any more than the rest of the government could.
Re: The Grinch Stealing the Future of Gen Y and Z
#6Well young people, go out and vote. If most gen Y/Z voted they would outvote te older people and maybe they can change things.
Re: The Grinch Stealing the Future of Gen Y and Z
#7It's crazy how we make 10x more money for our companies than our grandparents or parents did but are unable to afford basic lives (wife, house, kids). My dad did it delivering pepsi products.
You probably could too if you accepted the living standards of the 1960s and lived in a low cost of living area. I know people that happily make some version of that tradeoff, though I wouldn't personally.
Re: The Grinch Stealing the Future of Gen Y and Z
#8It's crazy how we make 10x more money for our companies than our grandparents or parents did but are unable to afford basic lives (wife, house, kids). My dad did it delivering pepsi products.
MBAs made profit growth more important than consistent profits. Witness how dividends used to be a sign of a dependable company but now they're for suckers. Everything else broken in the economy is a consequence of this philosophy.
Re: The Grinch Stealing the Future of Gen Y and Z
#9Well young people, go out and vote. If most gen Y/Z voted they would outvote te older people and maybe they can change things.
https://circle.tufts.edu/2022-election-center
But they did…
Re: The Grinch Stealing the Future of Gen Y and Z
#10It feels like social security should be split into two things: disability for workers pre-retirement, and a Trust fund for retired workers. They are using the first as a justification to plunder the second.
If it was just a retirement trust fund it would be ludicrous for the government to handle it in the way they do.