Do you have "buyer's remorse" about adult life?

[Kinser79]

(07-24-2016, 03:42 PM)The Wonkette Wrote:

(07-24-2016, 09:25 AM)Kinser79 Wrote: Late Wave Xer. And I have no nostalgia for my younger years other than that the culture was some what better and it was easier to make a living, we can blame Hillary's philandering husband for wrecking that in 1996 though.

Um, you realize that the economy was thriving in the late 1990s, don't you? Wages rising even for low-income people, unemployment at 30-year lows?

I did say that it was somewhat easier to make a living. NAFTA, CAFTA, and etc did not have immediate negative effects. That being said the "prosperity" of the 1990s has a great deal to do with where one is in their life role at that point in time. Being such a late wave Xer--almost Millie--there was no way for me to have the assets that lead to the feeling of prosperity.

Furthermore being black our levels of prosperity have always been lower than that of whites, in spite of and often because of the welfare state.

(07-26-2016, 12:27 AM)Galen Wrote:

(07-24-2016, 03:42 PM)The Wonkette Wrote:

(07-24-2016, 09:25 AM)Kinser79 Wrote: Late Wave Xer. And I have no nostalgia for my younger years other than that the culture was some what better and it was easier to make a living, we can blame Hillary's philandering husband for wrecking that in 1996 though.

Um, you realize that the economy was thriving in the late 1990s, don't you?  Wages rising even for low-income people, unemployment at 30-year lows?

Like so many things, it depended who you were.  If you held financial assets such as stocks and paid attention you could ride the Fed fueled stock bubble until it ended.  You are discounting the effects of inflation on the low end of the income scale.  It was hard to acquire enough assets in the type of job an Xer was likely to have then.

Indeed. I think this stems from a fundamental economic illiteracy caused by the ideology that inflation is merely rising prices and not that inflation is increases of the supply of money relative to the supply of goods and services.