Millennials are buying more gold than Boomers or Gen-X, according to a recent survey. But there’s a catch. Millennials are also more likely to invest in paper gold instead of physical metal.
Putin is causing inflation. Greedy corporations are causing inflation. COVID-19 caused inflation. We hear all kinds of reasons for the recent spike in prices. And now we have a new one. It’s the millennials’ fault.
This is all wrong and it illustrates the problem with redefining inflation to be something it isn’t.
I used to hate it when my parents would tell me how much easier I had it than they did. But as I rip through middle age and rapidly approach “old,” I am becoming much more sympathetic to my parents’ point of view. Not that my parents really had it harder than me… But kids these days? Yeah, they have it way easier than I ever did.
I mean, yeah, my dad may have had to walk two miles to school in the snow — uphill both ways — while I got to ride with mom. But hell, kids these days don’t even have to get up to change the channel on the TV.
When we reported on the Toys R Us bankruptcy, we argued that it wasn’t just about shifting shopping patterns away from brick and mortar to online companies. A recent article on TechCo complaining that millennials are broke backs up our assertion.
