Generation Z is getting financially wrecked by inflation all over the West.
Inflation begins to strain finances of young, low-income Americans https://t.co/glSpVJpM7V pic.twitter.com/SOxKFzhYPR
— Reuters (@Reuters) August 1, 2022
There are some in the media who are claiming that high inflation and rising interest rates are a financial opportunity for young people.
⚡️High inflation and rising interest rates are a financial opportunity for young people https://t.co/xSRz33uqJC
— The Globe and Mail (@globeandmail) July 29, 2022
What a stupid take. If your purchasing power is being eroded via inflation and it costs more to borrow money to start a business, buy a car, buy a home etc.. I do not see how there is a financial opportunity here.
Unfortunately, this outcome was totally predictable. They shut down the global economy over a fake pandemic for around two years, printed gazillions of dollars and decided to start a proxy war with Russia. Anybody who claims that this would not be the outcome is either a liar or a fool.
It’s definitely a raw deal for younger people. The only saving grace is that there are still job opportunities because the virus hoax caused many people but especially boomers to stop working entirely. The COVID-19 death injection has also killed and injured many people who would normally be in the workforce, thus reducing the available labor. But these systems and organizations have been left in disarray and we are beginning to see companies seriously cut jobs.
Everything is bad all around. We just seem to be plunging deeper and deeper into an abyss.
