I’m sure this whole article comes as a shock to nobody, but it’s nice to see it recognised like this.
“I’m not even close … and it sort of feels like I’m trapped there.”
You and me both, buddy. I don’t even know what I’m working towards anymore, because everything seems so far out of reach. I’m to the point that I don’t let the gov’t automatically take anything from my paycheck, so come tax time I can wait until the last minute to pay, because who knows when the revolution will happen? I’m not trying to pay taxes to some bloated bureaucracy on deaths door. I’ll wait to see if it’s even still around first.
caught in an economic perfect storm
It’s nobody’s fault, just economic weather. Just bad luck. Nothing to do with corporate capture of the political process whatsoever.
The phrase “perfect storm” doesn’t necessarily relate to luck, it just means many bad things have happened or are happening at the same time. Which pretty accurately describes the era millennials are living in.
The bad things did not just happen, they were conscious choices or the inevitable consequences of those choices. I’m criticising the framing of this situation by the use of the passive voice in this subhead.
The bad things did not just happen, they were conscious choices or the inevitable consequences of those choices.
Which the authors then go on to explain in further detail, following the introduction. It’s right there in the sentence you cherrypicked that phrase out from:
An analysis of five factors — housing, healthcare, debt, tax, and income — reveals the age group is caught in a perfect economic storm.
Fuck this was depressing to read. Validating though.
Ya wanna know what’s even better? Most of the stats in this piece use averages. Averages are basically fake news when wealth inequality explodes, which it has over the last 30 years — if the top 1 million Australians have $1M, but the other 23 million Australians have $0, the “average Australian” has approx $42k — the situation is significantly more dire than this analysis makes it appear.
Take this article that focuses on the growth in the top 5-20%, even though the richest 1%, 0.1%, and 0.01% have made much larger gains relative to each other.
