I think about these young people but at least they have time to recoup, given a decent government that creates opportunity instead of taxing it out of existence.
I also think about the people in their 50’s and 60’s who are making the big savings push for retirement and are losing years that can’t be made up. There’s not enough time for them, unless they work well past than normal retirement age.
“I also think about the people in their 50’s and 60’s who are making the big savings push for retirement and are losing years that can’t be made up”
Being laid of or injured after age 50 today is a near death sentence.
An acquaintance lost his middle management job at age 54 in 2009 collapse. No one wants to hire a white male at that age. He was the prime breadwinner. They have since burnt through much of their retirement savings. He does work 2 p/t jobs no benefits. No one will give him f/t due to health insurance cost.
I am 58 and wanted to sell my business last year due to burnout. I have 2 degrees and tons of certifications and training. I am fit and no drug use etc.
Zip zero nada. Zero chance on getting hired f/t with benefits unless I wanted to sell cars.
Kept my business and still plugging away.
The yoots these days are starting with trillions of trillions on their backs in debt. Politicians of all stripes promise the moon and add debt to the future. AI, global wage arbitrage, debt, outsourcing, etc. The yoots are screwed.