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The idea behind the concept of generations is that people born at a certain time share similar experiences, which in turn constitute common positions.
The “Great” and “silent” generations, which were born in the first decades of the twentieth century, witnessed economic hardship and global conflict, and continued to form a relatively left -wing views. The generation of the booms grew up accustomed to growth and prosperity, and they tended to maintain strongly.
The story was similar to the millennial generation, who entered the stage of puberty in the wake of the global financial crisis to be received by high unemployment rates, the growth of lean income, and deficit. House prices inflation to income ratiosAnd the hero continues strongly Progressive policy.
Many analyzes and letters deal with the generation of the millennium and the generation of Z as close to the children of a close uncle, united in their struggle to achieve the prosperity of previous generations. But the validity of this deletion depends a lot on the place you look.
The millennial generation around the Western world was really united in their economic ordeal. From the United States and Canada to Britain and Western Europe, the group that was born in the middle and late eighties lived in the formation of formative adulthood against the background of the growth of weak or stagnant wages and the rates of deteriorating dwellings.
As for the absolute upward movement – the extent in which members of one generation earn more than their parents at the same age – it decreased steadily. In the United States, when the person born in 1985 reaches the age of thirty, his average income was just a small percentage of his parents at the same age, which is far from the clear and concrete gains that generations transmit from generation to generation by 50 percent to 50 percent. 60 percent of the fifties.
On the banks of the Atlantic, the narration related to the malaise of the millennial generation is not a legend. They may be considered the most miserable generation on the economic level in the last century.
But then we collided with a crossroads. For young people in Britain and most Western Europe, conditions have become worse since then. If you think that the annual growth of less than 1 percent in the living levels that the millennial generation is bad, so it was soaked that the growth is less than zero. Not only did the British who were born in the mid -1990s have witnessed stagnant living levels, but also declined. Throughout Europe, there are few precious things that young people can feel happy with.
But in America, the Zil Z is moving forward. Living levels in the United States have grown at a rate of 2.5 percent annually on average since the group born in the late 1990s entered the stage Living is more quickly than the generation of youth mutation. At the same age. Not only does the income: the Americans from the generation Z also outperform the millennial generation to climb the housing ladder.
All the evidence indicates that the slowdown in economic progress in economic progress is generation after generation in the United States not only stopped, but also turned to the opposite direction. The Americans born in 1995 enjoy more than the upward movement compared to their fathers compared to those born in 1965. Owners of zoom by name, and zooms according to social and economic nature.
Both change in the economic paths of American youth and diverge from their European counterparts raises interesting questions.
From a social perspective, in the era of boundless social media novels The algorithms that are equivalent to negativityCan the adult adults of the adults survive the contact of the Z generation in America? In light of a torrent of negative social comparisons, which is only a smartphone, how may the increasing perception affect that American youth are walking on a higher path on European youth?
Moving to politics, will the smallest group of American voters take its own path? The fact that he was not only the younger men, but also the young women, who swolled behind Donald Trump in the American elections, indicates that this may actually happen. The group, which considers itself among the winners of life, may not develop the same instinct of social solidarity that its persecuted ancestors were carrying.
In the era “Transformations Vepi“The shift from the feeling of descending action to the feeling of increased prosperity may be the largest so far. Certainly, the difference in musical mood on both sides of the Atlantic Ocean would pump a new urgency in the matter. Europe is looking for its own slight rise.
Whatever the way you look at the matter, restarting the economic conveyor belt in America may be a very important moment.
