soulvomit:

clatterbane:

brainstatic:

Historically, nearly every generation’s economic status was nearly identical to their parents’. The way the baby boomers did exponentially better than their parents was an historical anomily. Millennials are not the first generation to be less well-off than their parents, they’re just not experiencing the rare and specific set of circumstances that lead to a sudden burst of upward mobility. And needless to say all of this is only for white people.

(#yep #when they say ‘baby boomers’ these days #they mean ‘white people’ of the period #and not even all white people ‘cause poor whites still existed in droves)

I feel like it’s been completely forgotten that “our kids will be less well-off than us” was a common refrain about Gen Xrs in the early 90s.