Are boomers just financially illiterate? I started my job and my parents are trying to convince me to spend more, buy a new car, eat out, etc because I can "afford it". Do they not know what compound interest is? They also have an insanely low interest rate on their house and are thinking of selling. Is this why Gen Z is so rich?
>>542498521boomers legitimately cant comprehend the amount of inflation the dollar has gone through over the last 5-8 decades.they still think things are like the 60s and even if they do, they get caught up in trying to pretend otherwise so they dont appear "weak" to their peers.
>>542498665Sorry to break it to you but median incomes are higher than they've ever been adjusted for inflation
