Ping!!!
Bubbles get pumped up by large population generations, then tend to burst when a following generation is just hitting their stride. Happens pretty often from what I can tell.
This recession has slammed everyone though. Boomers have lost a lot their retirement right before many of them planned to retire, so little chance to make it up. We GenXers at least have a number of years to play catch-up. The 20-somethings (are they Millenials, or what are they called?) got hosed by coming out of school right when jobs dried up.
I think they are going to be the ‘Lost’ generation more than us. They have a good 5-6 years of a stagnant economy, many without jobs, and they will be fighting with those coming after them for entry-level stuff.
later
Xer Ping
Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) including all the spending previous generations are doing that Gen-X and Y will end up paying for.
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