The problem is, at some point most of the people chanting this tagline are going to wake up in a few years and realize two things: (i) they were early to a transformative technology that provided immeasurable opportunity & (ii) they squandered it by imposing an artificial deadline on when they had to “make it” by.

The crux of this shift is intuitive: wealth and assets were previously concentrated among households with the highest income, and thus the strongest ability to save money and buy new assets. Today, that wealth is concentrated among households who have held assets the longest, suggesting the dominant share of value comes from owning previously... See more