this post was submitted on 13 Jun 2024
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Millennials and zoomers are not saving up for retirement, barely able to sustain themselves. They're also expecting ecological collapse to cause global famine or their own nation to go full Reich, assuming they're not killed by hurricanes, wildfire or war.
Agreed, many young people can’t save. That’s why I said “maybe not today, but at some point”. I’m not saying it’s easy for young people, I’m trying to explain why companies seek to increase profitability and that almost every investor is self-centred.