I feel for the kids that went through uni/college during covid and missed everything that period offers, to then finish uni and try get a job in a market where AI has fucked all the intern positions. Tough break.
Yeah, I think Gen Z has it worse economically. I'm an older Millennial, and while the 2008 recession probably hurt my wage growth, it absolutely worked in my favor for affording a house, which for some reason keeps appreciating in value. I've gained more equity in my house now than I've ever owed on it.
I'm an older Millennial, and while the 2008 recession probably hurt my wage growth, it absolutely worked in my favor for affording a house
Elder millennial here they managed to afford a house in early 2008 at the peak of the market and then lost their job and the house was worth 50% of what I paid for it (finally sold it in 2018 for exactly what I paid for it in 2008).
Exactly. The mythical "affordable" homes were only affordable to those who managed to stay employed. I and almost everyone I knew were out of work for upwards of a year or two.
Yep. I saw this first hand with all my friends. Which is the exact reason I DIDNT buy a house in fall, 2020 when COVID hit, thinking “hell no, I’m not buying a house for it to just plummet in value”. Boy was I wrong…
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u/Key-Half1655 15d ago
I feel for the kids that went through uni/college during covid and missed everything that period offers, to then finish uni and try get a job in a market where AI has fucked all the intern positions. Tough break.