Maybe our kids won't mind so much if we teach them how to be millionaires
instead of middle class. Because obviously - there are no sweeping changes in
the future. My generation (Gen X) has to be prepared to completely through the
social security we put in money for - completely out the window.
The fundamental flaw in the welfare state has been exposed: the idea that you
can move resources from one population or generation to pay for lack of planning
and saving by another generation. The writing is on the wall; we have been
punting this football for years and we are running out of field.
Infants can't afford to live here anymore.
Whether we recognise it or not, we have learned that the idea we can simply
continue to grow is unsustainable. We are faced with the physical constraints of
the planet we live on and the fact that a huge emerging middle class of
consumers are already alive, and they don't live in the united states. So,
rather than simply wondering how we can keep the old paradigm running, we need
to look at new options.