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The Boomer Generation used their size to great political advantage to accomplish their goals. But they are about to be repaid by the Zoomers, GenZ (1997-2012). They are already the largest age cohort in the population and all will be of voting age by 2030. GenZ is larger than the Boomer Generation, far more to the left on political and social issues and, from what we can tell, are happy to make their desires known. If they register to vote in large numbers and actually turn out, as they did in 2020 they can outvote the remaining Boomers, possibly by 2024 and certainly by 2028.

If the USA can avoid falling into a Fascist White Supremacist dystopia courtesy of Trump and his followers we may well be able to deal effectively with the huge problems that will face GenZ and the upcoming Alpha Generation. But the threat from Trump and the Trumpistas will remain serious at least until Trump either dies or goes to prison. I am hoping for prison, ideally before 2022.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu May 13th, 2021 at 02:47:51 AM EST
Some stats ...

On the Cusp of Adulthood and Facing an Uncertain Future: What We Know About Gen Z So Far | Pew Research |

    In addition, an analysis of jobs data showed that young workers were particularly vulnerable to job loss before the coronavirus outbreak, as they were overrepresented in high-risk service sector industries.

Reagan's Recession

    The unemployment rate hovered between 7% and 8% from the summer of 1980 to the fall of 1981, when it began to rise quickly. By March 1982 it had reached 9%, and in December of that year the unemployment rate stood at its recession peak of 10.8%.

Real Median Household Income in the United States (Years 1984-2019)

Trends in income and wealth inequality

The Babyboomers (1945) have retired from active workforce in 2010. Their "wealth" are assets, savings and pensions in order to enjoy their last years of life. The majority across Europe pay rent and do not own their homes. I do not see the elderly spend beyond the level of a lower income household. Many with property will require to sell their homes in due course. I am more concerned with the legacy of a ruined environment left behind which harms the health of the next generations. Much will be irreversible as mankind still do not know or realize the risks involved.

As the entertainment services sector has taken a hit due to the corona pandemic, my advise to the younger generation find a career in the health services.

Study finds alarming levels of 'forever chemicals' in US mothers' breast milk | The Guardian |

Per- and Poly-Fluoroalkyl Substances (PFASs - including PFOA and PFOS)

To enjoy retirement is of course a luxury problem of the Western nations, due to life expectancy at birth. I do believe the boomers were blessed with more enjoyable and longer life.

by Oui on Thu May 13th, 2021 at 08:24:27 AM EST
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