But you're right. Thems the breaks. Make money for people, and you will make money. Who knows, in 15 years you might find yourself in the perfect position to make a lot of bank.
Or maybe Sequoia is overestimating the damage and we'll be fine in 36 months. Keep hope alive?
Which Generation? The baby boomers trying to retire on their savings that are slowing being wiped out?
The Gen Xers that should be comming into their peak earning years?
The Gen Yers that are starting out in the work force?
Or did you mean to say that the entire population will suffer for a generation, generally considered to be 20 years?
Drats, screwed again! Curse you demographics.
//shakes fist
My guess is that the Gen Yers will be most affected.
Here is my reasoning based on my moms family. She has 12 siblings.(No TV:) The stage is the Mexican crisis from 1976 to 1994. The older siblings had already achieved something when the crisis started and they fared ok, some even did very well. However, the younger siblings have always struggled. They entered the workforce just when the crisis started. And they were never able to do ok, even after the crisis ended. By that time they were in their late 40s.
But these are the cards life is throwing at us. We are not the first generation to go through this, nor we are the last. One day we will look back and be proud we endured. It will be a great opportunity to refocus our priorities, to work on preventing this to happen again.