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re: Powell no longer believes inflation will reduce
Posted on 5/14/24 at 2:32 pm to AgSGT
Posted on 5/14/24 at 2:32 pm to AgSGT
quote:
The older generation didn't live in urban areas at near the same rate as people today. Living gets a lot less expensive when you leave the urban centers. Kids today think they should be able to afford a nice place in the NYC at their first job making $75k, which is just idiotic
More vague generalities.
The economy is not the same as it was for previous generations.
Again, older generations will tell people to eat out of the garbage and live in a 30 year old car before they'll utter one word about wages remaining stagnant while inflation and cost of living continue to soar year after year.
Cost of living as a percentage of income is higher than it was for older generations. The failure to acknowledge this is why people hate boomers.
This post was edited on 5/14/24 at 2:33 pm
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