Anecdote is NOT the singular of data (in this case) but I am struck with SCT Jr. back from his first 2 years at Cal JUST how much the Bay Area start up ethos has infused his little 20 year old high achieving mind. I mean start up this, start up that, the Bay area as the center of the universe, gotta form a company before I am 24. I used to think it was a Furd thing but my goodness he has got it bad.

And I am really continuing to think that this feels so different from how my (and others before us?) interacted with college. I would rather not drink bear but love to work on the project we are getting paid to work on by our club.

Why on BI and here.

1) People on the paid board HATE when I bring this up
2) But I don't think he is unique
3) The old passive ways of consuming sports (buts in seats) just is NOT appealing. But if Cal leaned into some of the networking opportunities he and his buds would totally be engaged. I just do not know how the heck you scale that.

Just a random observation on a Friday. A related one is just how comparatively AWFUL Cal and Furd attendance is. Losing explains some of that but there are programs that suck worse who put a lot more butts in seats.

Boomers made it impossible for the subsequent generations to save and buy homes so each generation afterwards has to hustle that much more.

PAC-10-BEAR said:

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Boomers made it impossible for the subsequent generations to save and buy homes so each generation afterwards has to hustle that much more.

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I'm a Late Boomer who knows a lot of other Late Boomers. Our kids are either Millennials or, in my case, Gen Z. They have grown up enjoying a much higher standard of living than we ever did.* Plus they will be receiving inherences, sometimes fairly fat ones.


* I grew up in a small house. We had one car, always purchased used, and a B&W TV. We took vacations about every other summer, usually to visit relatives back east where we could stay with them. Needless to say I never had the cool electronics that kids now enjoy. So I'm not buying the Boomer Envy stories.

Big C said:

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PAC-10-BEAR said:

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Boomers made it impossible for the subsequent generations to save and buy homes so each generation afterwards has to hustle that much more.

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I'm a Late Boomer who knows a lot of other Late Boomers. Our kids are either Millennials or, in my case, Gen Z. They have grown up enjoying a much higher standard of living than we ever did.* Plus they will be receiving inherences, sometimes fairly fat ones.


* I grew up in a small house. We had one car and a B&W TV. We took vacations about every other summer, usually to visit relatives back east where we could stay with them. Needless to say I never had the cool electronics that kids now enjoy. So I'm not buying the Boomer Envy stories.

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I think it isn't overall wealth (I agree with you). It is uncertainty. In a time of yore people had pensions. There was more of a social contract around employment....by no means perfect but one which said that layoffs would be rare, infrequent, and painful.

And again, not anecdote but look at Oracle. This is a company which is NOT highly leveraged. Larry still holds a tremendous amount of stock. They COULD have generated SOme (most? All?) of the capital needed to massively invest in Data centers through much more targetted cuts. They chose, however, to lay off something like 30% of their workforce. Not because AI had replaced them but because it MIGHT and rather than lower the net personal wealth of Larry out went the pink slips.

Now I pick on him because it is easy. But it happens ALL OVER late-capitalism. And in such a world of uncertainty it make tremendous sense why they hustle - even if objectively in a particular circumstance they should not.

Or don't try yet to draw the causal link. It is clear as day they DO. Lets start there rather than the WHY.

Big C said:

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PAC-10-BEAR said:

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Boomers made it impossible for the subsequent generations to save and buy homes so each generation afterwards has to hustle that much more.

---

I'm a Late Boomer who knows a lot of other Late Boomers. Our kids are either Millennials or, in my case, Gen Z. They have grown up enjoying a much higher standard of living than we ever did.* Plus they will be receiving inherences, sometimes fairly fat ones.


* I grew up in a small house. We had one car and a B&W TV. We took vacations about every other summer, usually to visit relatives back east where we could stay with them. Needless to say I never had the cool electronics that kids now enjoy. So I'm not buying the Boomer Envy stories.

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Kind of sad to have your future locked in based on whether your parents can give you an inheritance. And don't forget the entire inheritance extraction industry from corporate America, in particular senior long term care.

Big C said:

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PAC-10-BEAR said:

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Boomers made it impossible for the subsequent generations to save and buy homes so each generation afterwards has to hustle that much more.

---

I'm a Late Boomer who knows a lot of other Late Boomers. Our kids are either Millennials or, in my case, Gen Z. They have grown up enjoying a much higher standard of living than we ever did.* Plus they will be receiving inherences, sometimes fairly fat ones.


* I grew up in a small house. We had one car and a B&W TV. We took vacations about every other summer, usually to visit relatives back east where we could stay with them. Needless to say I never had the cool electronics that kids now enjoy. So I'm not buying the Boomer Envy stories.

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I grew up the same Big C. As a result, I am not materialistic. I need very little "stuff" as George Carlin called it.

*My grandparents owned a home in Clear Lake Highlands. All vacations were there….and I loved it.