US News and World Report article concerning a new book about Generation X’s lack of financial success. No surprise there, except maybe for clueless Boomers and overly optimistic Millennials.
The book is called (Not) Keeping Up With Our Parents by Nan Mooney.
This is not a new trend really, nor do is it going to go away any time soon, if ever. Generation X will always struggle, financially, culturually, what have you. And as upstart Millennials enter the work force in larger and larger numbers (remember, as a generation they are almost twice the size of Generation X and larger than the Baby Boomers) while Boomers drag their feet giving up the CEO chairs, it will be a battle for GenXers to find a seat at the table. And even those who do may find that they still aren’t making the kind of scratch that they thought they would. And the debt that many have isn’t going to go away.
Interesting note: Several of the comments on the article simply blamed Boomers for creating such a fucked up economic situation. Of course, I agree. And of course, I love to bitch, especially about Booomers. But at some point it is simply a waste of energy and breath. These old fuckers don’t care; they’re on their way out, for the most part, and hopefully sooner rather than later. So they aren’t going to listen. And Millennials just aren’t down with all that grumpy negativity. It harshes their rosey view of the future, which is apparently so bright that Generation X has to wear shades.
So I say, okay, fine, bitch if you must, but eventually we’re going to have to buckle down and work with what we got. Which will be less. Now and later, and no doubt to the ends of our lives. But maybe that isn’t all bad. It’ll force us to find satisfaction in places other than the consumer markets, in more than just stuff and things, goods and services. And what’s wrong with that? We can, and will, create more art more literature and music, more community, more of the kind of thing that comes organically from within. Will it make us rich? Probably not. But so what? You’ll be dead soon enough and all the money in the world isn’t going to make any difference, except maybe for a gawdy headstone or having your ashes shot into space or something like that.