Natale Labia writes on the economy and finance. Partner and chief economist of a global investment firm, he writes in his personal capacity. MBA from Università Bocconi. Supports Juventus.
With the US and many governments continuing to run eye-watering budget deficits to fund such benefits for the elderly, at far higher interest rates than before, it remains unclear how sustainable it all is. A report compiled by economists at the Resolution Foundation has laid out the extent to which Britain’s millennial generation are worse off than previous cohorts were at the same stage of life.
In Australia, the latest Scanlon Report, which maps social cohesion, says that almost half of 18- to 42-year-olds – that is millennials and Gen Z – said they were “just getting along financially”, and the same amount believed the things they do in life are worthwhile only a little or only some of the time.
Boomers should not be blamed for the inadequacies of successive ANC governments, even if most of the politicians themselves are indeed from that generation. Wanna blame something for the growing burden of social security? Blame medicine and the artificial longevity of humans today – and the socialist paradise of China has the biggest problem of all in that regard, not the West. Those pesky bloody Chinese Boomers who voted for, um, nothing actually, just tried to survive the Cultural Revolution with their necks intact! For the record, I’m a Gen-X, not a boomer.You know very little of SA and the West cannot compare with our education.
She said treating all people with equal respect no matter who they are; loving your children unconditionally and enjoying life to the fullest are some of the greatest lessons her father bestowed on his children.Holy cow, Denise. The man *literally* has a cinema complex named in honour of his family and their contributions to arts and culture in South Africa!The millenials have a lot to be grateful for. Work-life balance is one. Across Europe, working hours per year are down 30% since 1964.
I’m in my early thirties, I own the property I live in. I’m married. I stay within the constraints of my income. I don’t buy new cars . I’m building a legacy.My folks were born in the 1930s and my siblings and I in the 60s. None of us has ever owned a brand new car. In fact my first two cars weren’t much younger than me! My first property that I owned was a small apartment that I now rent out.