drphungky

Also Millennials are (historically) huge savers from living through multiple downturns.

So glad someone else read the article. I really thought we'd escape clickbait like this post on Lemmy, but there's so much rage people are up voting this stuff and commenting how horrible it is based on the false title, not the actual article which is freaking survey results.

Like yes things are bad, but these results could have printed about any generation at any time post 1940s (advent of the concept of young adulthood) as long as they were all under 25.

Three in four Gen Z would rather have a better quality of life than extra money in their banks, the Intuit report shows.

This just in - young people thinking on shorter time horizons, bad at planning for future. More in tomorrow's newspaper dated any time in the last hundred years or so.

Neither of those terms were developed by suits. They both were popularized in the Gen Z social sphere, namely TikTok, and then well after they went viral and had plenty of adherents, started being picked up in the normal media cycle of regurgitating whatever is happening on social media and seeing what sticks.

They're both just a rejection of "old" cultural norms, in this case specifically a rejection of "hustle culture" and to a lesser extent the FIRE (i.e. early retirement) movement, both of which had their heyday on the internet many years ago.

And like...this shouldn't be a surprise to anyone. Gen Z is typically much more concerned about mental health (focus on now) than prior generations, has a very doom and gloom outlook for the future (focus on now), and is the first generation to be raised by people who didn't tell them "just work hard and you'll be fine eventually" (focus on now). Is it any surprise that they're less forward looking? What do they have to look forward to? Call it cyanide if you want, but while I don't necessarily agree with it, it certainly feels like a natural development to me.

did some idiot confuse “worried we will have to work until death” with “wanting to work until death”?

Yes, the OP and everyone else slurping up this rage bait. The article does not say they "want to work until death". It also doesn't say shit about "capitalism celebrating" anything. This is presenting survey results and generational trends. Guess what, Gen Z is a little different than millennials, and different still from Boomers (though they appear to have some in common with the consumptive, "me generation" that Gen X was broadly painted as). This shouldn't be revolutionary. They don't save as much as millennials because millennials lived through multiple rough markets, and entered the workforce during a historic downturn. They care (even) less about work because they are much more focused on mental health. These are super, SUPER broad strokes, but we're talking about national level surveys. Why everyone is getting their undies in a bunch over this is absurd. No one is saying anything is good or bad. It just is.

Yeah but I don't want to watch at 1080p with bad sound! It's just annoying because they already let you download off your friends servers. You'd think it would be super easy to program as an option.

Except Plex insanely makes you stream it to each person, instead of letting people download and sync streaming. So good luck doing it with more than two people unless you're watching a 1080p movie on a beast with an amazing Internet connection.

Pittsburgh is the gateway to the Midwest. The city is WAY more like Cleveland than Philly.

I am an inflationary economist, and while BLS is working on income quintile inflation rates (and I think they're awesome and should be fully funded by Congress and published - but I digress), I don't know of any similar analysis for like...income quintile recession analysis. You'd be better off looking at the individual factors like unemployment and employment by quintile, inflation, and maybe income inequality measures. Recessions are defined after the fact and mostly for whole economy analysis, and like any higher level measure, often are very wrong when looking at an individual, but very correct in the aggregate.

Shrug Statistics.

Well first off, there was not remotely a recession this year. In 2022 we also did not have a recession, but a lot of people thought the NBER might call it one because of two consecutive quarters of real GDP going down. However, it barely went down, and other economic indicators looked very good (plus the rest of the year was a boom), so they didn't call it. A contemporary explanation from the Dallas fed is here and explains it: https://www.dallasfed.org/research/economics/2022/0802/

Second off, the media DID report on it, because it's economic news. But it's economic news, so therefore boring and probably most people missed it.

Contemporary reporting by NPR

Contemporary reporting by CNBC

Contemporary reporting by Forbes

Contemporary reporting by Business Insider

Reuters recent analysis

More Recent Forbes

I could obviously keep going. But your hints at conspiracy and some kind of media involvement are both facile and uninformed.

This isn't real GDP. Real GDP was slightly below flat in the first two quarters of 2022, but due to employment numbers it wasn't declared a recession.

That sounds very easy. I'll give it a try, thanks!

Can you share your technique? I have a giant bag of black beans and I always reach for a can instead because it's such a hassle.