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How good is your intuition? (piefed.cdn.blahaj.zone)
submitted 2 months ago by to c/autism@lemmy.world
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[–] 4 points 2 months ago (4 children)

Really hoping I’m wrong about Gen X retirement en masse single handily collapsing the stock exchange causing the worst financial crisis to date.

I haven’t peeped any numbers lately but the aging work force and passive investments into etf portfolios with nowhere near the cash reserves to cover the draw down once the generation of 6-10 children become dependent on the 1-3 children generation lol

Basically a race between the ai bubble and the silver tsunami at this point pain all around

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  • [–] 2 points 2 months ago (1 child)

    Pretty sure if it's true that the 1% own 80% of the stock market, that's a far bigger problem. Gen X is just a drop in the bucket by comparison.

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  • [–] 1 point 2 months ago

    More like the publicly traded mega corps depend on people / the market wanting to buy their stock to inflate the value of their shares with speculative claims about their products cough artificial intelligence so they can leverage their ownership of that asset.

    Yeah the means of production being owned by the billionaires is a problem but it isn’t what’s going to gut people’s retirement funds lol

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  • [–] 1 point 2 months ago* (1 child)

    I've had similar suspicions. The golden rule that once something becomes popular, it turns to shit. For the prior generations it was exhausting social systems. For the current generations it's stock market based funds.

    I'm thinking probably if you weren't heavily invested into this before about 2015-2020 era, then you're probably going to be late to benefit from it before whatever disasters await. More definitely the whole memestock era was a high water mark.

    Also as the first reply said, it's not rigidly defined generations. Gen-X is a relatively small generation. The first half of millennials are probably just as big if not more invested into stocks. Public discourse has pinned millennials as close to gen-z and memory holed that the bulk of millennials are 40 give or take a few years. The difference between the two halves is by a wide margin.

    Gen-X is only a few years away from drawing from their investments and becoming net spenders. Many of them would already be doing so. The ones who retired early.

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