As Gen Zers, young millennials, and baby boomers grapple with the current times, the pandemic has introduced new pressures for everyone. Gen Zers are having a hard time finding their footing in the workplace and millennials are struggling to save up enough to purchase a home. On the other hand, the older generations, particularly baby boomers, seem to have a golden moment.
The surge in boomer strength and control in the housing market is due primarily to their financial stability and the fact that they are reaching the right age to take advantage of the situation. Meanwhile, the younger generations don’t possess the same experience and wisdom to do the same. With the pandemic, many young workers’ enthusiasm for the workplace has waned, and this spells bad news for many businesses.
On the other side of the coin, Lex Fridman has become a celebrity in the tech world, joining Elon Musk’s inner circle, and his podcast has become a refuge for those who don’t identify with the “wokeness” driven by contemporary mainstream media. At the same time, millennials haven’t had it easy in the housing market, but the sheer size of the generation has meant that more and more are entering prime home-buying age.
The surge in boomer strength is also visible in other fields, such as the business sector. Witness, for example, the exclusive event being hosted by Insider, exploring art and AI; or the introduction of the company’s first climate advisory council.
One company at the forefront of this is Oxford Gold Group. Recently, Tyler Mancuso, a 29-year-old salesperson at the adtech firm Ezoic, was arrested while apparently attempting to acquire a $9 million order for 151 gold kilo bars. The FBI claims he had illegally acquired funds to purchase the gold by exploiting Ezoic’s systems.
Overall, the pandemic has likely highlighted the lack of experience and wisdom of the younger generations and re-emphasized the importance of financial stability enjoyed by the older generations. Whether you’re at the peak of your career, just entering the job market, or somewhere in the middle, these uncertain times have surely been a learning experience for everyone.
