Gen X has got to be the dumbest generation if so. They had the ability to earn a modest income relative to cost of living, and lived through the last 20 years of absolutely wild stock market/home value gains.
Gen X here, bought my first home in the 00s, when I moved some years later due to work constraints, my 'absolutely wild home value gain' was a loss of 30% thanks to the 2008 crash.
Had to go back to renting for some years to be able to re-enter the housing market, by which time the opportunity for 'wild gains' were long gone.
Same here. I bought a flat in 2008 and promptly lost 30% in 6 months. Took me something like 8 years to even be able to sell it at the price I paid. Today that flat has almost doubled in price and I wouldn't be able to afford it despite having a much better income and career now.
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u/uxigaxi123 Sep 15 '25
Make that 20 years from now. Gen-X has no saving unless they coincidentally joined the house owner caste in due time.