A Hard Look at the Economic World Gen Z Inherited

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 11 September 2024

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

We had JL Collins, the Godfather of Financial Independence, on the show earlier this year, and there was one question we seemed to disagree on: Are the dollars and cents of life actually harder today than they used to be, or does it just feel that way? This prompted a listener to ask for a deeper dive: The official Boomer vs. Zoomer cage match of economic strife to understand, all else held equal, how the financial worlds these generations grew up in are different (and, more intriguing, the striking ways in which they’ve never been more alike). Today’s episode is a then-and-now comparison into housing, education, wages, inflation, and investing—and I think it’s going to surprise you. Transcripts, show notes, production credits, and more can be found at: https://moneywithkatie.com/gen-z-boomers. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode of The Money with Kitty's Show is brought to you by Fidelity.
0:08.0	What if you could build the portfolio you want and manage it as one investment.
0:13.5	Sound interesting?
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0:32.0	gives you the power to invest in what you want your way.
0:35.6	Build your first basket today at fidelity.com slash baskets. That's Fidelity.com
0:41.9	slash baskets. Investing involves risk including risk of loss.
0:46.2	Fidelity Brokerage Services LLC member NY-P-C.
0:59.5	A few weeks ago a few weeks ago a listener had reached out
1:02.0	and they asked us to dig into something that had come up earlier
1:05.8	this year in our interview with J.L. Collins, so we'll link to that episode in the show
1:10.2	notes. Because when J.L. graduated from college and entered the workforce it was
1:15.1	the 1970s and what do we know about the 1970s. Well, inflation was high.
1:25.0	The market was in a period of going sideways.
1:28.0	Nano, Nano.
1:29.0	And when JL went to buy a home in the 1980s,
1:32.0	interest rates were high.
1:33.8	Disco and cocaine were also popular, I hear,
1:36.5	but I didn't ask him about his experience
	...

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