2min chapter

Millennial Investing - The Investor’s Podcast Network cover image

MI Rewind: Could This Time Truly Be Different? NFTs, Macro, Crypto, Bitcoin w/ Raoul Pal

Millennial Investing - The Investor’s Podcast Network

CHAPTER

The Baby Boomer's Wages Aren't Going Up Anymore

The equity market is trading at he price earnings of seven, the cheapest in history. And real estate prices have bein ravaged by inflation, and they cost nothing. So a baby boomer starting his journey in his financial life or her financial life, could do nothing but make money because you were given very attractive things. But wage issue has been a massive problem. Overtime and wages aren't going up because there's a bunch of baby boomers,. 76 million of them, in the work force in the us. You've just thrown 85 million millennials all in the same workpla. Remember the mats about money? If you have too much of something, it's worth nothing. Guess

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