Vibes Are a Legitimate Economic Indicator
investing has changed for younger generations who see it less as a way to grow savings (there are none) and more as a lottery-ticket with entertainment value (reads: memes)
think this is mostly a result of lower affordability (esp homeownership) across the board which makes it more interesting to punt risk... See more
Santiago R Santosx.comThis discord between hard data and the lived experience is the core of the “vibes economy.”
Morgan Housel • In This Economy?
There is a palpable component of financial nihilism here – the idea that cost of living is strangling most Americans; that upward mobility opportunity is out of reach for increasingly more people; that median home prices divided by median income is at a completely untenable level. All of that is true, so you need to really swing for the fences. Why... See more