Today, we’re talking about America’s Gen X, aka the best generation, and our role in the US economy moving forward. Let’s look at the current situation and what to expect in the coming decade or so.
It all starts with the Boomers biting off more than they could chew. They built a welfare state but couldn’t fund it and are leaving massive deficits as they retire into their beachfront mansions. Now, me and my fellow Xers, despite being the second smallest generation, are going to have fix all those problems.
As the Boomers retire, Gen X will come into its economic peak, meaning it controls the wealth, property, and investments. This means a nice period of record wage growth for Gen X, but that won’t last forever. Eventually, the Millennials and remaining Boomers will burden Gen X and force them to make larger contributions to bail out the economy.
So, all my Xers should be “getting that bread” while they can because Uncle Sam is going to come knocking at your door soon enough.