It Sucks to Be 33

The Daily

The New York Times

News, Daily News

4.5 • 97.8K Ratings

🗓️ 14 March 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jeanna Smialek, who covers the U.S. economy for The Times, will be 33 in a few weeks; she is part of a cohort born in 1990 and 1991 that makes up the peak of America’s population. At every life stage, that microgeneration has stretched a system that was often too small to accommodate it, leaving its members — so-called peak millennials — with outsize economic power but also a fight to get ahead. Guest: Jeanna Smialek, a U.S. economy correspondent for The New York Times.

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0:00.0	From New York Times, I'm Michael Bobaro. This is the Daily.
0:09.0	Today, a massive microgeneration of babies born in the early 1990s have ended up in a lifelong
0:17.9	competition for everything that is shaping both their lives and the entire U.S. economy.
0:25.0	For better or worse, my colleague, Gina Smilig is one of them. It's Thursday, March 14th.
0:45.0	Hi, Gina.
0:47.0	Hi, Gina.
0:51.0	Hi, Gina.
0:52.0	Hi, Michael, how's it going?
0:53.4	It's going all right.
0:54.4	I'm excited for this conversation about you.
0:58.0	About peak millennials.
1:01.2	So we usually come to you to talk about the biggest trends in the US economy.
1:06.3	We talk to you about what the Federal Reserve is up to, interest rates being raised,
1:10.3	interest rates being lowered, the state of inflation, but today's different as I'm
1:15.0	hinting at. This is going to be a conversation focused on you and people like you.
1:21.6	Oh man, it makes me sound like a narcissist, which I guess is somewhat appropriate.
1:26.0	Well, so just tell us how you came to this.
1:29.0	Yeah, so I am an economics reporter and I've always been interested in demographics and because I've been covering economics for you know over a decade at this point
1:38.4	One thing that I've consistently noticed is that every time I make a really big life decision it seems like a huge
1:46.3	portion of the US economy has been making that decision right along with me
1:50.7	basically at the exact same time.
1:53.4	So for a couple of concrete examples here,
	...

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