re: #426 KGxvi

I think part of it was a “living memory” thing. By the 1980s, how many people alive actually remembered the Great Depression? Not as a 10 year old with happy memories of playing in the streets with friends, but as a 20 something with no job prospects? Those people would have been in their 70s. Same thing happened with war policy, by 2000 we had very few people left who remembered WWII or even Korea; and nobody really likes to have a legitimate discussion of the red headed stepchild of American wars in Vietnam… so “sure, we can bomb the shit out of these countries, topple their governments and leave, I’m sure nothing bad will follow, they’ll figure things out on their own.”

We now have a generational divide on economics - Boomers who mostly managed to get while the getting was good vs GenXers and Millennials who are mostly screwed with stagnant wages and rising housing costs.

Keep in mind many boomers did not get all while the getting is good. I know many in my age bracket (near or just retired) are not doing all that well. Many are maxed out on loans and cards and still owe on their homes.

Many also gave a lot of what they had to help their children try to get a start.

There are going to be a lot of poor boomers struggling in a few years. You can add them to all the middle class on down folks that are going to be hurting.