<
https://www.commondreams.org/views/2022/07/13/personal-apology-young-americans-failing-stop-ronald-reagan>
"Dear millennials: back in the 1980s a lot of us worked like hell to try to
stop the Reagan revolution. We failed. This may be our last chance to save
American democracy and the American middle-class.
When my boomer generation was the same average age as your millennial
generation is today, back in 1990, our generation held 21.3% of the nation's
wealth. Louise and I shared in that wealth; although we were still in our 30s,
in 1990 we owned a profitable small business (our fourth) and a nice home in
suburban Atlanta.
That was, in fact, the "American dream." It was normal then. My dad (born
1928), who worked in a tool-and-die shop, was able to buy a house, a new car
every two years, and take a two-week vacation every year because the middle
class in America before Reagan had a pretty damn good life. He retired in the
1990s with a full pension that let him and my mom travel the world.
Your generation today, in contrast, is about the same number of people but
holds only 4.6% of the nation's wealth and, if you're the same age I was in
1990, you're most likely struggling to own a home, are deeply in debt, and find
it nearly impossible to start a small business.
Yes, you read that right. Boomers in their 30s owned 21.3 of the nation's
wealth; Millennials in their 30s today own 4.6% of the nation's wealth.
What happened? In a word, Republicans."
Via libramoon.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
