IMO her argument is a distortion and a small part of the current economic state of affairs. The proportion of young people benefitting from an affluent/wealthy family is small compared to their peers. Baby boomers have set up a system limiting who gets a the largest share of money and resources. I’m hating on those who benefit, just that her argument is skewed.
This only works if your parents aren't still working… many minority parents still work. Not all get to retire at 65 bc THEY had no generation of wealth. Asking 80 year old parents to watch your kids or even 50 plus year old parents who are still working… they're tired. My dad enjoyed his grandson then he died bc he was overworked and underpaid. Having healthcare didn't insure his health bc when you're too busy trying to make money on unequitable pay, you're still only surviving, not thriving. It's a great concept but let's not make it out to be the best thing since baked bread…villages used to raise children not just a set of parents or a set of grandparents, whole villages, for that reason…bc not everyone had the choice of being free.
So the Boomers are padding the pockets of the elite AND propping up their investment portfolios? meanwhile I'm buying dinner with klarna. Great, fantastic.
Wow, I hate this. This message is only relevant to children of people in the top leg of the K who incorrectly think they're part of the bottom. Every generation at the bottom is struggling to get by and they have to lean on one another, like they've done for generations. At least we aren't shaming the people at the bottom anymore for their lack of "radical individualism" by way of Ayn Rand propaganda, so I guess that's good
The younger generation were born in the GIMME State. They FEEL that they have to LIKE their relatives to ask for assistance. That we have to bend the knee and adapt to their lifestyle. My nephews would rather STRUGGLE than to inconvenience themselves and live with me and receive Free rent, food and utilities. Heaven forbid I should get sick or need something from them, such as a repair around the house or to lift a heavy box. It’s GROSS. Let them pitch a tent and live on the street for all I care. I have options and pay people to work for me. Think about it. Our BFF from Wall Street is getting paid to make a YouTube video pointing out the obvious. Me? I have a degree in Gerontology. Read the comment section. One person said, my parents can’t help me because they are poor. Therefore, I am not going to help them. BUT in some cultures, there are 10 people living in a studio apartment.
It's about community. We should all be helping our youth, not just so that they can build wealth, but to increase the power in our class/community/family. Think of ripples in the water, do what you can for those in each ripple, where you are in the center, then immediate family, then neighbors, etc.
After all this time, economists are finally realizing that family is the first and most important investment vehicle…who would of thought that teaching folks to abandon all family ties and do everything themselves was bad financial advice lol
I concur, with one caveat: you have to make wise financial choices while getting that help.
When my mom married her husband, she moved in with him and I started paying rent to keep living in her house. Left and came back a couple times, but I was always able to stay there really cheap. My then fiance, now husband and I rented that house for a couple years while we saved for our own, and between that and my inheritance when my dad passed we were able to put a really good down payment on a nice house.
Meanwhile, my stepbrother has boomeranged way more times than anyone else I know. He has lived with family more years than not. From 2019-2025 he squatted at our parents house, he was supposed to pay rent, didn't. It was a whole thing. Dude can't hold a job. Seems incapable of making good financial decisions. We thought he was trying to do better, but turned out he was just pretending. Anyway, they finally said enough and kicked him out, but he's no better off now than he was before moving in with them.
I have another friend who was paying rent when his landlord died and no one bothered to do anything with the rental for like 5 years! So he just kept living there for free! Blew all his money on Magic cards and whatever else, still lived paycheck to paycheck, even when he didn't have to pay rent. We kept telling him he should take what he was paying in rent and lock it up in a savings account that he can't access easily, but he never did. He eventually had to move out, and he's managing to pay rent now. His biggest financial accomplishment is buying a car with credit.
So it's not just about the help. It's what you choose to do with your blessed circumstances.
If it was just a generational gap, the median age of first time home buyers and other life milestones wouldn't just keep increasing and increasing. Rich people spin on a broken system to deflect.
This just sounds like the biggest cope of a failing country I have seen yet it shouldn’t be a good thing that people getting out of college need to live with their parents for another decade in order to save for retirement and maybe one day afford a house if they are lucky. American society shouldn’t be this way and anyone that is ok with this are just against increasing taxes on the ultra wealthy and going after corporations that are single handedly making live unaffordable for the average young adult in America.
When your parents are absent. Don’t help ever with the kids and they have not saved a penny. Just me, myself and I.
Like your otter ❤
We are actually in a Y shaped economy. Wealthy getting wealthier, the rest getting poorer.
The G spot.
IMO her argument is a distortion and a small part of the current economic state of affairs. The proportion of young people benefitting from an affluent/wealthy family is small compared to their peers. Baby boomers have set up a system limiting who gets a the largest share of money and resources. I’m hating on those who benefit, just that her argument is skewed.
I’m poor in generational wealth as well 😅
More young people need to go into the trades.
True
I love this
Yes this! And for some of us who dont have kids, we help who we can.
I wonder if more people having kids older is affected by their parents being too old to help.
This is the insight of a former Wall Street trader? Where are all of the smart people???
This is just a family acting like a family 😅
This only works if your parents aren't still working… many minority parents still work. Not all get to retire at 65 bc THEY had no generation of wealth. Asking 80 year old parents to watch your kids or even 50 plus year old parents who are still working… they're tired. My dad enjoyed his grandson then he died bc he was overworked and underpaid. Having healthcare didn't insure his health bc when you're too busy trying to make money on unequitable pay, you're still only surviving, not thriving. It's a great concept but let's not make it out to be the best thing since baked bread…villages used to raise children not just a set of parents or a set of grandparents, whole villages, for that reason…bc not everyone had the choice of being free.
Allowing you to live there rent free, being your babysitters and what else, is not help enough….?
Nice my grandparents are dead and im already taking care of my parents and im 25
Unless from toxic family they won’t help gotta do it on your own 😂😅
So the Boomers are padding the pockets of the elite AND propping up their investment portfolios? meanwhile I'm buying dinner with klarna. Great, fantastic.
Wow, I hate this. This message is only relevant to children of people in the top leg of the K who incorrectly think they're part of the bottom. Every generation at the bottom is struggling to get by and they have to lean on one another, like they've done for generations. At least we aren't shaming the people at the bottom anymore for their lack of "radical individualism" by way of Ayn Rand propaganda, so I guess that's good
I like this approach.
The younger generation were born in the GIMME State. They FEEL that they have to LIKE their relatives to ask for assistance. That we have to bend the knee and adapt to their lifestyle. My nephews would rather STRUGGLE than to inconvenience themselves and live with me and receive Free rent, food and utilities. Heaven forbid I should get sick or need something from them, such as a repair around the house or to lift a heavy box. It’s GROSS. Let them pitch a tent and live on the street for all I care. I have options and pay people to work for me. Think about it. Our BFF from Wall Street is getting paid to make a YouTube video pointing out the obvious. Me? I have a degree in Gerontology.
Read the comment section. One person said, my parents can’t help me because they are poor. Therefore, I am not going to help them. BUT in some cultures, there are 10 people living in a studio apartment.
It's about community. We should all be helping our youth, not just so that they can build wealth, but to increase the power in our class/community/family. Think of ripples in the water, do what you can for those in each ripple, where you are in the center, then immediate family, then neighbors, etc.
After all this time, economists are finally realizing that family is the first and most important investment vehicle…who would of thought that teaching folks to abandon all family ties and do everything themselves was bad financial advice lol
Asians have been living for free with parents until they get married has happened like… forever.
Yeah, the trust funds kids have always been trust fund kids…. the majority of boomers are broke af, it's the K economy by a different name….
this is what you get when you live in a multi generational household
❤
So basically the new generation should benefit from family's free labor, goodwill for granted and hand me down assets with no strings
I concur, with one caveat: you have to make wise financial choices while getting that help.
When my mom married her husband, she moved in with him and I started paying rent to keep living in her house. Left and came back a couple times, but I was always able to stay there really cheap. My then fiance, now husband and I rented that house for a couple years while we saved for our own, and between that and my inheritance when my dad passed we were able to put a really good down payment on a nice house.
Meanwhile, my stepbrother has boomeranged way more times than anyone else I know. He has lived with family more years than not. From 2019-2025 he squatted at our parents house, he was supposed to pay rent, didn't. It was a whole thing. Dude can't hold a job. Seems incapable of making good financial decisions. We thought he was trying to do better, but turned out he was just pretending. Anyway, they finally said enough and kicked him out, but he's no better off now than he was before moving in with them.
I have another friend who was paying rent when his landlord died and no one bothered to do anything with the rental for like 5 years! So he just kept living there for free! Blew all his money on Magic cards and whatever else, still lived paycheck to paycheck, even when he didn't have to pay rent. We kept telling him he should take what he was paying in rent and lock it up in a savings account that he can't access easily, but he never did. He eventually had to move out, and he's managing to pay rent now. His biggest financial accomplishment is buying a car with credit.
So it's not just about the help. It's what you choose to do with your blessed circumstances.
Ah yes, the people who have moved back home with their parents are the ones on the top leg of the K. Not the yacht owners.
I prefer the more realistic “I” shape recovery. With the 1% selfishly taking all the wealth.
If it was just a generational gap, the median age of first time home buyers and other life milestones wouldn't just keep increasing and increasing. Rich people spin on a broken system to deflect.
A good spin on how the lower half the K needs to operate to survive.
That name is horrible. A K shaped economy is called that because the graph looks like that. How the hell is this G "shaped"???
Our 22 year old still lives at home with us RENT FREE. He’s able to work, SAVE and INVEST his money while going to college.
This just sounds like the biggest cope of a failing country I have seen yet it shouldn’t be a good thing that people getting out of college need to live with their parents for another decade in order to save for retirement and maybe one day afford a house if they are lucky. American society shouldn’t be this way and anyone that is ok with this are just against increasing taxes on the ultra wealthy and going after corporations that are single handedly making live unaffordable for the average young adult in America.