Like I said…I guess we’ll see. Gen X was accused of being the slacker generation, and by implication it seemed to be expected that we’d all just completely disrupt the corporate plans and the conservative movement would be essentially DOA when it came to our generation.
We anticipated getting royally fucked over as many of us were entering the workforce just as a recession hit and we saw all the downsizing/rightsizing/offshoring/outsourcing taking place and screwing boomers. Turns out, our generation was working much harder than the boomer media gave us credit for, and I don’t think we were nearly as politically astute as the boomers were. At least some of us watched boomer-made content and instead of realizing it was skewering such attitudes, they thought it was aspirational (Wall Street, Scarface).
I think we’ll have a real good first indication of where Gen Y and Gen Z are going as the largest wealth transfer in history really starts getting traction. (We’ll also see what having Larry Ellison run a platform like TikTok will do, as well). Will Gen Y/Z/alpha finally fund and build something to counter the radical right wing noise machine, for example? Or will they mostly fall prey to working on amassing even more wealth than prior generations using that historically epic wealth transfer as seed money?
Knowing human nature and having heard similar sentiments about my own generation…I know where I’d place my bets.
I’m pretty sure if people are doing calculations like this, they are factoring things like that in. In any case, it’s not like younger generations don’t work in the healthcare industry too - that money would have to go somewhere.
Like I said…I guess we’ll see. Gen X was accused of being the slacker generation, and by implication it seemed to be expected that we’d all just completely disrupt the corporate plans and the conservative movement would be essentially DOA when it came to our generation.
We anticipated getting royally fucked over as many of us were entering the workforce just as a recession hit and we saw all the downsizing/rightsizing/offshoring/outsourcing taking place and screwing boomers. Turns out, our generation was working much harder than the boomer media gave us credit for, and I don’t think we were nearly as politically astute as the boomers were. At least some of us watched boomer-made content and instead of realizing it was skewering such attitudes, they thought it was aspirational (Wall Street, Scarface).
I think we’ll have a real good first indication of where Gen Y and Gen Z are going as the largest wealth transfer in history really starts getting traction. (We’ll also see what having Larry Ellison run a platform like TikTok will do, as well). Will Gen Y/Z/alpha finally fund and build something to counter the radical right wing noise machine, for example? Or will they mostly fall prey to working on amassing even more wealth than prior generations using that historically epic wealth transfer as seed money?
Knowing human nature and having heard similar sentiments about my own generation…I know where I’d place my bets.
We aren’t.getting a wealth transfer. It’s all getting sucked away by reverse mortgages and PE owned nursing homes
It’s projected to be the largest in history.
https://fortune.com/2025/07/23/great-wealth-transfer-124-trillion-bigger-than-ever-millennials-gen-x/
They’re assuming we’re gonna get it and the healthcare industry won’t get first, which in many cases they will
I’m pretty sure if people are doing calculations like this, they are factoring things like that in. In any case, it’s not like younger generations don’t work in the healthcare industry too - that money would have to go somewhere.