@DemetriusRO6@stoolpresidente Gambling is now legal in most states. Why would I spend money to fly across the country to go to a mediocre casino when I have one twenty minutes away…
Most of the things listed here aren’t healthcare. We need to understand the difference between pharmaceuticals (and I’ll allow biotechnology) and healthcare. They’re inherently different businesses and the fact that we’ve allowed them to be grouped into the same ETFs for the sake of alpha chasing is a disgrace.
@yoxics He’s definitely spinning the fact that he lives off of CALs as him borrowing money to live. I’m certain he has plenty of assets he’s borrowing against to support his lifestyle.
@Lucy72794184@spencerpratt So you have to be homeless to have an opinion on how terrible the homelessness situation has become in LA? lol that’s a very stupid point of view of to take
@bingram08@fOx1257067@tokyo_111 Again the problem there is leverage (debt) is one of the most important pieces of learning to make money and scale… business and personal.
You’re conflating multiple generations here I think.
The debt load was much more serviceable in the 70s and 80s even at “18%” because of wage levels relative to housing prices etc.
Cost of living in general was cheaper - you didn’t have even things that are basic today like internet costs, cell service etc eating into monthly budgets.
Repairs were often simpler because many things were mechanical (I’ve rebuilt carbs on engines with limited know how) - now they’re electronic and require software to even diagnose (this goes for pretty much any household appliance) - but often times now you can’t even repair, you have to replace, which is an additional cost of living expense.
I didn’t have boomer parents (they were Gen X) but all my friends did. One thing I succinctly remember and recognized about my friends with boomer parents was their ability to have the grandparents watch the kids most of the day. That’s a benefit of many of the boomers staying close to home throughout their early adulthood. That childcare coverage made things cheap, easy an accessible for careers etc. That same coverage no longer exists today however - my same friends are rarely able to get help from their parents for childcare.
This is all to say that you’re combining ideologies that span multiple generations and projecting them onto the boomers. On paper, the things you noted have always been touted by boomers. In practice, they’re quite the opposite.