Baby Boomers DID NOT Have It Worse
Damon Cassidy
@damoncassidyAbout
I’m Damon, a psychology student in Austin, Texas. This channel is devoted to the lessons I have learned from my own personal dances with anxiety, mental health, deep therapy, and personal triumph. Working in the finance industry for the past 5 years, I share my in depth understanding of personal finance, frugal living, and minimalistic habits. I hope that this channel is able to provide a sense of peace, and be a tool on your unique journey. Be the version of you that your younger self fought for. Business inquiries: [email protected] Personal email: [email protected]
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Baby Boomers, Gen Z, Gen X, and Millennials have all faced a changing job market shaped by inflation, unemployment, wealth inequality, mass layoffs, and the ongoing cost of living crisis. From the 1980s to 2025, the American workforce has transformed dramatically, creating a widening gap between generations struggling to build stable careers, afford homes, and achieve financial security. As inflation continues to erode wages and the housing crisis pushes ownership further out of reach, questions around opportunity, job stability, and the true value of hard work have never been more relevant. The 1980s marked a turning point in the modern economy, with Baby Boomers entering peak earning years as Gen X prepared to inherit a rapidly changing job market. Factories closed, outsourcing increased, and wage growth stagnated while costs of living rose across the nation. Yet, for many Boomers, affordable housing and job security were still within reach, setting the foundation for decades of perceived prosperity. Fast forward to today, and younger generations—Millennials and Gen Z—are navigating an economy defined by automation, mass layoffs, student debt, and skyrocketing rent prices that have fundamentally reshaped what success looks like in America. The generational divide has become one of the most defining features of the 21st century. Millennials and Gen Z are entering a job market where long-term careers are replaced by temporary contracts, remote work competition, and algorithm-driven hiring systems. Meanwhile, Baby Boomers and Gen X continue to hold a majority of the nation’s wealth, leaving younger workers questioning whether the system still rewards effort or simply preserves power for those who came before. This growing economic tension highlights how inflation, globalization, and automation have deepened wealth inequality and forced younger generations to work harder for less in an unstable economy. As the housing crisis accelerates and wages struggle to keep pace with rising costs, the dream of financial independence feels further away than ever. Millennials, who came of age during the Great Recession, and Gen Z, who entered the workforce during a global pandemic, face the dual challenge of navigating a career landscape that no longer guarantees stability while managing debt and rent levels unseen in previous generations. By contrast, Baby Boomers built their careers during a time of economic expansion and accessible homeownership, creating a generational wealth gap that continues to shape American life today. Across every generation, one truth remains clear—the American Dream has become increasingly difficult to achieve. Whether measured through homeownership, savings, or job security, the promise of upward mobility has been replaced by uncertainty. The generational debate over who had it better—those who entered the workforce in the 1980s or those coming of age in the 2020s—reveals deeper systemic failures that transcend time. Inflation, stagnant wages, and a shrinking middle class have turned what was once a ladder of opportunity into a cycle of economic survival, forcing Americans of every age to confront what “success” truly means in the modern economy. #financialeducation #financialfreedom #history Freddies Channel: https://youtube.com/@Fmsmith319?si=oJyxLgPLi1pnnL28 Support The Channel: https://patreon.com/DamonCassidy?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink 0:00 Intro 0:51 Why Baby Boomers Are Convinced It’s The Avocado Toast 1:53 Why The Cost Of Living Has Skyrocketed Since The 1980’s 3:30 Why Baby Boomers Perceived The 1980’s To Be More Difficult 5:26 How Wealth Inequality Has Destroyed America Since The 1980’s 9:44 Why Gen Z Is Not Having Children 10:46 Why The Working Class Does Not Benefit From This “Great” Economy 13:35 Why Gen X Experienced A LIFETIME Of Poor Economic Conditions 15:04 On Average Gen X Is Making LESS Than In 2000 (Factual Proof) 17:00 Why Everyone Forgets About Gen X 18:39 Why The FAILING Dollar Is Destroying Gen Z 19:42 Why The Elite Want To Keep Us Divided 21:23 Do Generational Discussions Matter? Titles for the Algo! 1985 vs 2025, Who Actually Had It Better? 1985 Vs 2025, Who Actually Had It Better? 1985 vs 2025, Who REALLY Had It Better? 1985 Vs 2025, Who REALLY Had It Worse? 1985 vs 2025, Who Really Had It WORSE?
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