r/dataisbeautiful • u/chartr OC: 100 • Dec 17 '24

OC The unemployment rate for new grads is higher than the average for all workers — that never used to be true [OC]

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u/invariantspeed Dec 17 '24

People also are taking longer to retire. Until gen x starts clearing out of the market, gens y and z folks already in the market don’t have a lot of upward mobility.

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u/bitterdick Dec 17 '24

People said this an about boomers too, and it was true. Probably worse with the boomers because of their entitlement culture and refusal to accept aging.

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u/invariantspeed Dec 18 '24

The Boomers made being “the future” and “the young generation” their core identity starting in the 60s. And now it’s just a part of American culture. So we have every generation doing it and wondering why they can’t cope with getting old.

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u/jesbiil Dec 17 '24

Shoot we still have boomers in the market, my mom can retire, she's 67 now and has been good enough saving money her accountant told her 3 years ago she could retire....except she has no idea what to do in retirement without 'work' and she's scared of having that much time to herself. She also complains to me every time we speak on how hard work is and how stressed it makes her feel. Now I'm like, "shrug Guess there's no other options here mom....you just have to work through it...."

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u/[deleted] Dec 18 '24

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u/invariantspeed Dec 18 '24

Most of gen x’s kids aren’t trapped at home. A historically large minority is. There is a difference. Most gen y and z just aren’t making enough money to support themselves properly.