Boomers Had It Way Good Tho - Blog Posts

Well, the boomers did have a easier ride? this is GDP % change per person for the UK. Red lines highlight the early career of the youngest boomers, from ages 20 to 40. Analysis mine, so probably shit. Data ONS and World Bank.

Change per capita is a relevant metric as we want to determine how much of the wealth in a population someone can accumulate, and so working during a period of high growth per capita suggests a high potential for wealth accumulation.

Comparing to Millennials is hard, as we largely have not entered the workforce and those who have joined in the midst of the largest global downturn in modern history. But comparing to Gen Yrs born in the 1980′s suggests the boomers had 6.5x higher growth per capita averaged over the early career. This is a huge difference!

The rich millennials - I am going by Piketty here, inequality breads inequality. During the boomer years, the rising tide did lift all boats but as the pace of growth dropped, preexisting capital and new rent seeking structures have consolidated wealth into modern dynasties. This is compounded by the post 2008 new normal of maybe 1% growth making it impossible to compete with existing capital.

TL,DR: Boomers arn’t evil, just the most fortunate modern generation by a large margin. This leads to the typical structure where oppression is caused by the lack of understanding from power of the needs of the oppressed class.

AND plz correct for factual or analytic mistakes - this isn’t my field!

honestly though there are rich millennials? and there are poor baby boomers? like the idea that my grandparents are somehow of an oppressive class who’ve had life much easier than me is absurd to me?