BoomerVille: Sleeping Soundly Sunday Night, But Youth Around the World Probably Aren't

 The news is good tonight. At least for our individual nest eggs.

CNBC reports:

"Stock futures rose Sunday evening as investors looked ahead to a widely expected interest rate cut by the Federal Reserve and a raft of Big Tech earnings reports."

At 8:15 PM New York Time, Dow futures are up 290 points. 

As The Wall Street Journal observes many of us aging are sitting pretty financially. Not that we are holding on to wealth. But we can pay our bills, along with a trip now and then. It's unlikely we will wind up homeless. Our portfolios are diversified so that a crash won't wipe us out. We have the reserve not to have to depend entirely on Social Security, with its awful 2.8% COLA for 2026. Some of us are still working, into our late 70s.

But, we get it, as WSJ hammers, that the generations which have come after us could be on the brink of losing hope. Especially Gen Z. 

That's not only in the US. Worldwide is a "youth movement." They are primarily members of Gen Z, many educated, who can't find work. As yet, Universal Basic Income hasn't kicked in. And when it does will the monthly stipend only facilitate survival, not any quality of life?

No, this won't be any CounterCulture 2.0. The first CounterCulture was based on hope. We knew that our values could create a better world. Just give us a shot. 

The current youth movement is driven by despair. In America the promise of the good life through higher education has turned out for too many to be a scam. Post-degree there is no work or underemployment. Plus loan debt. 

We boomers might have been the last blessed generation.

Thrown off your game, maybe the first time since you started working? You made all the right moves and then the world moved in another direction.

Intuitive Coaching. Special expertise with transitions, reskilling and aging. Psychic/tarot readings, upon request. Complimentary consultation with Jane Genova (Text 203-468-8579, janegenova374@gmail.com). Yes, test out the chemistry. Zero risk.




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