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Originally Posted by sterlingice
For you, maybe. But I can almost guarantee that, as an aggregate (so anecdotal evidence need not apply), the people who graduated in 1992 will be a lot better off over their career than those of us who graduated around 2000. The tech boom in the 90s artificially inflated salaries as well as employment numbers.
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How can you be so certain of the outcome when those who started in 1992 still have half their career to complete and those in 2000 have more than half their career to complete. People who started in 1955 can argue the ecomony was much better than it was for those who started in 1975, but statistics may very well show the people who started in 1975 after completing a 30 year career were better off after 30 years than those who started in 1955 were after 30 years. The tech boom and bust of the 90's is just one of many booms and busts in a dynamic and vibrant economy.
Quote:
Originally Posted by sterlingice
Or how about that per capita income versus inflation has been pretty much flat (a slight increase) but income disparity has gotten much greater. So, while the per capita doesn't move much, more money has gone to the highest 1% so the other 99% have actually lost money.
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This is silly and does not even make sense. Comparing the highest 1% which is a very small number of people to 99% a much larger group is confusing at best.
How about we take an extreme example of your method. More money has gone to the single richest household in America, therefore EVERYONE else actually lost money.
Quote:
Originally Posted by sterlingice
So, just talking financially, a lot of people are in the same place (or worse) they were 8 years ago which is a step backwards when you account for your argument of "EIGHT years is a long time to get your shit together. If you can't, you're not good at life. Sorry."
SI
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There is credence to improving over time. Very few people stay in the bottom quintile of the U.S. ecomony based on census data. In fact if you grauate high school, get married (and stay married) & keep a job (work more hours per week) you are likely to increase your annual income year over year. That generally gets you to a place where you are better off than you were before.