|
|
|
|
|
by dragonwriter
2470 days ago
|
|
> As a "millennial" who graduated in 2008, I seriously hate reading shit like this. Maybe it recovered for the Boomer's pension funds and 401k's No, it didn't, certainly not at the point the recession is deemed to end. The end of a recession is when the aggregate recovery begins, not when it is complete. (And yeah, recovery from recession doesn't mean most people are doing better, as it's an aggregate about the economy that isn't concerned with distribution—the long “recovery” between the short recession of 2001, IIRC, and the Great Recession saw every quintile but the top without gains, and the bottom three declining.) The isn't a Boomer vs Millenial thing (it's more of a bourgeoisie vs. proletariat thing.) |
|