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Question to people aged 40+

pins

I am 29, and I watched a documentary about the 2008 financial crisis, and of course I was too young in 2008 to really "feel" it. It got me to think about our current economic climate, so my question is relatively simple to those who were adults in 2008:

Is the world right now in an actual really, really tough time economically, or am I and my peers just "feeling" and "seeing" it because we're now adults? For example, did you feel similarly, or perhaps even worse, during and after 2008?

Sorry if I sound ignorant, just don't know how much I can trust my own instincts as I tend to overdramatise things presented to me by media.

Parents
  • pins said:
    am I and my peers just "feeling" and "seeing" it because we're now adults?

    I would say yes. You would have been shieded from it when you were young but now you are on your way to being wrinkly and have to deal with these sorts of financial environmental issues then you are very much on your own.

    I've been through the late 1980s housing crash (15% mortgage rates made life difficult) and the 1995 crash and took time to look at the cycles of the markets going back hundreds of years.

    There are always booms and busts but as we get more connected and global then the impacts are felt more widely and reported on the drama hungry 24 hour news channels.

    There will be more booms and busts in future.

    Do your own research to see how these work and how you can make them work to your advantage if you are an investor.

Reply
  • pins said:
    am I and my peers just "feeling" and "seeing" it because we're now adults?

    I would say yes. You would have been shieded from it when you were young but now you are on your way to being wrinkly and have to deal with these sorts of financial environmental issues then you are very much on your own.

    I've been through the late 1980s housing crash (15% mortgage rates made life difficult) and the 1995 crash and took time to look at the cycles of the markets going back hundreds of years.

    There are always booms and busts but as we get more connected and global then the impacts are felt more widely and reported on the drama hungry 24 hour news channels.

    There will be more booms and busts in future.

    Do your own research to see how these work and how you can make them work to your advantage if you are an investor.

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