Fabio Manganiello on Nostr: “Around 37% of Gen Z and millennial consumers report drawing on savings or going ...
“Around 37% of Gen Z and millennial consumers report drawing on savings or going into debt to finance their food purchases over the past year compared to 28% of Gen X and only 13% of boomer-plus consumers”.
Let that sink in: more than a third of adults under the age of 40 has to either draw from their savings or ask for a loan in order to afford to pay for their own food. And that’s three times more than the share of people that are no longer in the workforce.
And let’s not even mention how many of them can afford to buy their own house, like their parents did.
Capitalism is that economic system that benefited boomers and nobody else.
Boomers literally fucked up their own sons and grandsons, asked us to work harder than them and retire later, while getting much less than them in return. They’ve put us in a situation where many of us can’t even afford food without asking for bank loans, while many of them own 2-3 houses purchased for pennies, and in the meantime they keep voting for selfish parties with selfish programs that propose to screw us up even more.
The boomer generation and their cynical economic systems have been a disaster that made all of us poorer, dumber, more insecure and less likely to start a family.
The earlier this generational aberration is gone, the better.
https://phys.org/news/2024-06-consumers-food-prices-goods-ways.html
Let that sink in: more than a third of adults under the age of 40 has to either draw from their savings or ask for a loan in order to afford to pay for their own food. And that’s three times more than the share of people that are no longer in the workforce.
And let’s not even mention how many of them can afford to buy their own house, like their parents did.
Capitalism is that economic system that benefited boomers and nobody else.
Boomers literally fucked up their own sons and grandsons, asked us to work harder than them and retire later, while getting much less than them in return. They’ve put us in a situation where many of us can’t even afford food without asking for bank loans, while many of them own 2-3 houses purchased for pennies, and in the meantime they keep voting for selfish parties with selfish programs that propose to screw us up even more.
The boomer generation and their cynical economic systems have been a disaster that made all of us poorer, dumber, more insecure and less likely to start a family.
The earlier this generational aberration is gone, the better.
https://phys.org/news/2024-06-consumers-food-prices-goods-ways.html