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Apr 27, 2022Liked by Jeffrey Carter

I was born in the early 70's. My parents were working people, and we essentially lived in poverty. Our car was rusty, and was built in the mid-60's. I remember seeing holes in the floorboards on the driver's side.

It felt like everything was unattainable and expensive. Especially energy prices. The 70's and 80's were spent fighting over the thermostat to the point that I woke up in the morning seeing my breath in the air. If I went to raise the heat my dad would get angry, to the point of physical confrontation. The truth is that it made me hungry to go out and get educated and earn later in life, so I don't regret it.

The difference today is that we haven't really "felt" it yet. Young people today are used to having it pretty good -- especially with financing things. Credit cards were a novelty in the 70's and 80's, and you were able to get get something only once you saved up for it. People today have never experienced that, which makes me wonder how collectively cranky the country is going to get when financing gets real expensive, and the real price of goods gets prohibitively expensive.

Remember when families saved just for that one annual vacation? We got three things every year -- A Cubs game, a trip to the amusement park (Six Flags) and a day at the beach. I did not fly on a plane until I was 21 years old.

Will Millennials be bitching about six figure jobs that aren't woke enough, like they do today? What will they do when they have to buy a used car, instead of a new Tesla?

There are some dark clouds out there, and many people have no idea what they're in for. If you are fundamentally mentally sound and you live without debt, you will be ok, and it will be character strengthening. Family bonds might even get stronger, as you get creative in your leisure time with each other.

But I doubt that sales of organic dog food and Starbucks will continue to rise...

The next few years will be character defining for Millennials and Gen Z. Gen X and the Boomers have already seen this movie, and we'll be fine.

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What? You didn't have lab grown meat? Child abuse.

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Apr 27, 2022Liked by Jeffrey Carter

We had Sizzler "Steakhouse." Close enough...

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Ah, Sizzler. I used to coupon clip and go there.

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Apr 27, 2022Liked by Jeffrey Carter

Sorry it had to be the Cubs…

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If you went to the South Side, you'd get your car stolen. Come to think of it, you still get your car stolen there : ). FWIW as a Cubs fan I am sad to see the Sox implode early. Long season yet but been tough so far.

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