Demographics: Getting rid of stuff – pianos, hutches and fine China dishware
Due to an "inheritance glut" and other changes, pianos are now free, 8-10 place "fine China" place settings sell for $50, and few want Grandma's "hutch".
Opinion: Practicing Factfulness based on data.
A comparison of life in the 60s, 70 and 80s with that of Gen Z, in the 2020s. Inspired by a proliferation of posts on X that engaged in Generation bashing.
Due to an "inheritance glut" and other changes, pianos are now free, 8-10 place "fine China" place settings sell for $50, and few want Grandma's "hutch".
Economy: Housing problems are all due to "boomers" because they are not moving to smaller homes. Reality: The US has not built smaller homes for 50 years.
If only someone would have mentioned what would happen with a shrinking fertility rate ...
It's been dropping in the US for 200+ years, and globally for at least 60 years.
Down by 20% over 13 years.
The media has a meme that home prices are high because "Boomers" are not downsizing. Except those 65+ are already in smaller homes - duh!
There is a partial explanation for this.
Apparently those making a lot are financially illiterate, as their "wants" grow with their salary.
In the early 1980s, ETS screwed thousands of students taking the GRE graduate admission exam. I know, because I was one of those students.
Rates are currently similar to or even a bit lower than they were for a quarter century recently.