>>60510050
Boomers mostly broke their bodies or otherwise threw the prime years of their lives away for the careers, but at least in those days, even a modest income with a baseline level of financial competence would get you a house and two cars paid off before 40, retirement, savings, and money stowed away for your kids’ college. Today, you could be busting your ass and have basically nothing to show for it. Big business have managed to squeeze itself into every nook and cranny of society and siphon out every last dime into a big pile of 50% of the world’s total wealth, which will be consumed purely by a fraction of a fraction of a percent of the total world population. Meanwhile you and I can only accumulate wealth one of two ways
>risky venture where you put everything on the line and hit it big 10% of the time and strike out then file for bankruptcy 90% of the time
>safe venture where you make six figures but live like you’re on the brink of starvation. you’ll have a few million stowed away by the time you’re 65, at which point inflation will raped it anyway
It’s pretty bleak. I mean don’t get me wrong. I’m one the people grinding away at a 9-to-5 and smartly investing or saving 60% of my income, but it’s really, really not hard to understand why most people don’t want to do this just to be able to relax for a few years then die.