Comment by crinkly
2 days ago
Looks like we found our bag holders.
Gen X here btw. Some of my age-peers have low financial sense so that figures.
2 days ago
Looks like we found our bag holders.
Gen X here btw. Some of my age-peers have low financial sense so that figures.
My guess is as older generations die out and their children (traumatized by 2008) inherit their money, we are gonna see the most incredible migration away from the financial institutions we know.
It has already started. I am sure most gen Z who inherited something from their grand parents who passed away in the last 5 years, invested some in crypto (after putting a roof over their head hopefully). It is visceral for that generation, for better or worst they do not understand or trust our current financial system.
So now it is just a race between the boomers dying out and the collapse.