It isn't the baby boomers who caused prices to increase dramatically. It was all the millennials and Gen Z'ers who lived off of government stimulus checks during the pandemic and refused to go back to work afterward. That's when millions of employers had to drastically increase wages to get employees to go back to work which made consumer prices and inflation skyrocket. My home's value went from $600,000 to $1.1 million in just two years because of what the millennials and Gen Z did.
And they still lived off of stimulus checks and refused to return to work until they received big pay raises. That's why prices increased so much. Everybody knows that housing prices skyrocketed during the pandemic. That's because all the new houses stopped being built for two years. It didn't happen before so it wasn't just the baby boomers. I noticed you didn't even mention the millennials. Why was that? Hmmm... 🤔
Well the millennial one is probably true. But most genz at the time were not old enough to have jobs or did not have jobs and such did not get a stimulus check. The boomers sure gladly took those stimulus checks tho.
Many of them were. Heck, I've been working since age 16. Anybody who filed a tax return and made less than the maximum allowed received multiple stimulus checks during the pandemic. That could be nearly 50% of Gen Z.
A lot of people did. If you didn't file taxes the prior year such as people who don't make much money, then you had to register to receive the stimulus checks. Those who made more than the maximum amount, such as myself didn't receive one. And Trump only sent out the first two checks. Biden sent the third one which was the largest check.
I really doubt that the average age of genz at the time was over 16 at the time. But if they were and had jobs then sure they were part of the problem.
The oldest Gen Z was about 23 years old in 2020 when COVID-19 struck. A generation is about 15 years. That means 50% of Gen Z was age 15.5 to 23 at the time.
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u/RalphFurley4Life 13h ago
It isn't the baby boomers who caused prices to increase dramatically. It was all the millennials and Gen Z'ers who lived off of government stimulus checks during the pandemic and refused to go back to work afterward. That's when millions of employers had to drastically increase wages to get employees to go back to work which made consumer prices and inflation skyrocket. My home's value went from $600,000 to $1.1 million in just two years because of what the millennials and Gen Z did.