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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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