Generational Perspective

Many Humble Dollar readers, including myself, are on the older side - approaching retirement or already retired. Readership tends to be relatively affluent and educated. Our financial and social perspective may at times be influenced by a generational outlook. At the risk of overgeneralizing, here are some possible baby boomer versus Under 40 year old viewpoints:

Artificial Intelligence

Baby boomer: A new development with many unknowns and exciting possibilities. AI could play a dangerous role in future scams targeting them. 

Under 40: A helpful resource for day-to-day usage. AI could pose a threat to their jobs and future career path.

Social Security

Baby boomer: A dependable economic safety net which hopefully will not change.

Under 40: An employment tax which may or may not provide benefits by the time they retire.

Homeownership

Baby boomer: A foundational investment which provides a major source of savings and wealth.

Under 40: Limited inventory and priced out of certain markets.  It could feel unattainable without some parental support.

Work / Life Balance

Baby boomer: An entitlement after a lifetime of hard work.

Under 40: Why should they have to wait until they are older to enjoy life? Will working even harder matter anyway?

Economics of Family

Baby boomer: Having a family has been part of traditional planning.

Under 40: When is the right time (if at all) for children given financial challenges?

Have you noticed any differing perspectives between generations which may be interesting to explore?

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