It isn’t about which generation is more or less responsible. Both older and younger generations have their share of irresponsible behavior.
It’s really just about demographics. There is a big group of people in their prime earning years that want to buy their nice homes and have the means to do it now. That makes it harder for us gen xers to compete. I see this all the time in Mission Beach – people buying the nice condos there are older and don’t care if prices go down – they just want to enjoy it before they die.
So what’s the future for gen xers? Our time will come in a few years when the older generation is spending all their wealth on leisure, and businesses have a tough time finding high/mid level management. I already see it in my business – there is a serious shortage at the mid level, though plenty of seniors and entry-level types. That will mean higher wages and cheaper vacation style houses and so on in a few years.
