The article discusses the financial struggles of young people in the United States, particularly millennials and Gen Zers, as they navigate the challenges of saving for homes, retirement, and other long-term goals. The author interviews several individuals, including a financial adviser who works with boomers and their children, to explore this issue.
Some key points made by the financial adviser include:
* Boomers and people of his generation (gen X) were playing "with a Monopoly board where all the real estate pieces are still sitting in the box and we have the opportunity to buy them all," while younger generations are playing with "all of the real estate already bought, and they're having to try to negotiate their way to get just a piece of the dream."
* He encourages his clients to give their children early inheritances or help them buy a house, but many boomers resist doing so due to fears about their progeny's responsibility or concerns about using their own money.
* The financial adviser believes that some boomers may unconsciously adopt attitudes developed during the Great Depression, such as not wanting to die with the most money.
The article also touches on how young people are dealing with economic uncertainty, including:
* Traditional white-collar industries like tech, finance, and corporate law are becoming saturated or anticipate AI-related job losses.
* Recent graduates may have limited income and wealth, leading them to turn to credit.
Some key points made by the financial adviser include:
* Boomers and people of his generation (gen X) were playing "with a Monopoly board where all the real estate pieces are still sitting in the box and we have the opportunity to buy them all," while younger generations are playing with "all of the real estate already bought, and they're having to try to negotiate their way to get just a piece of the dream."
* He encourages his clients to give their children early inheritances or help them buy a house, but many boomers resist doing so due to fears about their progeny's responsibility or concerns about using their own money.
* The financial adviser believes that some boomers may unconsciously adopt attitudes developed during the Great Depression, such as not wanting to die with the most money.
The article also touches on how young people are dealing with economic uncertainty, including:
* Traditional white-collar industries like tech, finance, and corporate law are becoming saturated or anticipate AI-related job losses.
* Recent graduates may have limited income and wealth, leading them to turn to credit.
. Everyone's always talking about how boomers are hoarding money and not sharing it with their kids, but what if that's just because they've seen the economy go from bad to worse multiple times? My friend's dad is a total saver and he can't even bear to lend his son some cash because "he doesn't want him to ruin himself". Meanwhile, Gen Zers are basically living paycheck to paycheck 
. It's like we're all being asked to play the economy game with broken rules - good luck trying to win!
I'm so frustrated with the fact that boomers are still stuck in this mindset of "not wanting to die with a lot of money". Like, what's wrong with having some savings for when you're not working anymore? 
It's not like they're just hoarding all their wealth or anything. And it's especially hard on younger generations who are already struggling to get started on their own financial journeys. I mean, who can afford to just wait around until the government or a family member steps in to help them out? 
It's like they're being forced to play by a different set of rules than everyone else. And don't even get me started on the whole "not wanting your children to be irresponsible" thing... that's just code for "I'm too scared to let go and trust you with my money". 
I mean, think about it... if our grandparents could give us some financial breathing room now, wouldn't that just make the whole system more sustainable in the long run? We're always talking about how important it is to live below our means and save for the future, but what happens when those savings are gone?
. Boomers shouldn't be expected to pass on their wealth to their kids, it's not like they're hoarding or something - they worked hard for what they have and deserve to enjoy it in retirement 
. And yeah, maybe some boomers do hold onto old-fashioned attitudes, but that doesn't mean they should be shamed for it 
. The real problem is the lack of financial literacy among young people... if they just knew how to manage their money better, they wouldn't be struggling so much 
.
. Boomers are literally throwing them a bone by giving them some inheritance or helping out financially 
, but what if they can't accept help from their parents? It's like, we get it, you want your kids to be independent and responsible, but sometimes just offering a little support can make all the difference 
.
It's like they're expecting their kids to just magically figure it out without any financial safety net. And then there's this thing where some boomers are worried about dying with a lot of money - what's wrong with wanting to live comfortably, right? 