For us, as seniors, the next decade is simply going to be a long slog downward. We know it and all our friends do, as well.
Interestingly enough, in one family we know well, where Dad is an MD, 2 children are lawyers. One is actually a property manager while the other went the JAG route to pay off his college/grad school loans.
How many large firms are hiring graduates? In my rural area, the wife of one attorney works at Walmart, another wife is a CPA and a third wife has a State job. The rest are retired and maybe still do a little bit of consulting. Many of the younger ones run for public office.
Even the large tort firms that advertise locally seem over-full of young grads. One wonders just who will employ them? Corporations and NGOs is my guess, along with government, of course. Seems that will depress salaries somewhat.
humanity used to resolve these issues through protracted warfare over mud pits full of those who's parents had irreconcilable differences amongst theirselv’s.
one likes to believe that all the trillions spent educating posterity will somehow change the dynamic.
one can and must hope, though hope means nothing in such controlled circumstance.
this is why faith in a higher order is so faithlessly reemerging amongst the lost leaders of a lost people.