With the outbreak of novel coronavirus COVID-19 shocking markets and threatening supply chains, it seems like we might finally have hit the crisis moment that breaks the old order for good. I don’t think any bailouts can help us now.
Of all generations, Generation X is the least well positioned for it. Silents and Boomers are on their way out and will witness the end in their final years. Millennials are still young and have enough time to bounce back. But Gen X will watch their 401Ks evaporate along with any possible opportunity to recover in time for their elder years, which will be spent in poverty.
At least, that aligns with one prediction from Strauss & Howe generations theory, which I can’t help but mull over as I watch the headlines.