Tech, AI, finance, geopolitics, anything with rockets and motors, GovCon, & whatever else has my attention. Occasionally insightful. Occasionally full of shit.
I’m getting the sentiment the average person no longer sees a clear path to wealth.
Most people can’t afford a home. Rent eats up most of their salary, especially in the cities where the good jobs are. And telling people to invest assumes they have a stable job, access to a 401(k), and enough money left over after rent, food, healthcare, transportation, and childcare.
Then they’re expected to sacrifice for 30 or 40 years with no guarantee that their retirement savings will actually be enough, especially with the rate of inflation. When I was growing up, a million-dollar house sounded unbelievable. Now, in many places, it’s becoming normal.
The median 401(k) balance for people 65 and older is only around $88,000. That’s coming from one of the wealthiest generations in history, many of whom also benefited from cheaper homes, pensions, and decades of rising asset values. What is retirement going to look like for generations who can’t even afford to buy into the system?
Meanwhile, our leaders and the largest companies in the world keep telling us that AI is going to eliminate millions of jobs, but nobody has offered a serious solution for what those workers are supposed to do next.
So people would rather live now than spend 30 years trapped in a small, run-down apartment they can barely afford, unable to buy a home, have children, send those children to a good school, or take care of their parents as they get older.
At that point, “fuck the system” starts to feel less like rebellion and more like a rational response.
Welcome to the K-shaped economy. Unless something fundamentally changes, it will only get worse from here.