Will the Millennials Restore the West?
Despite the cloudy horizon of global conflict, a gutted manufacturing industry, unfunded liabilities on the federal and municipal level, and a politically agitated populace, there seems to be a silver lining on the storm clouds – more than a silver lining, in fact, what we’re seeing is a golden glow that suggests that the noonday sun is nigh.
Wall Street has been persistently bullish in recent months, despite the media’s ongoing dourness over their candidate’s electoral face plant. Despite the many roadblocks and hurtles that the Deep State is throwing in his way, and regardless of what you think of his personal character, President Donald Trump has been passing legislation to reinvigorate the American economy, and people are getting back to work. It would seem that he does understand business, after all.
But the most optimistic piece of news is what’s happening with the Millennials. Zero Hedge, quoting Bloomberg, reports that Millennial savings rates are climbing for the first time in a decade:
Indeed, after almost a decade, Americans may finally be turning the corner on saving money. More than 30 percent of them say they have enough tucked away to cover six months’ worth of expenses—a seven-year high for this measure of financial calamity preparedness,
Despite a noisy contingent of socialist freaks – and regardless of character snipes against them for enjoying avocados – the Millennials are engaged in the process of rebuilding and revitalizing their countries throughout the West. And how are they doing it?
They’re creating wealth.
The Baby Boomers were awash in wealth from their earliest days; they proceeded to use up their inheritance on selfish pursuits, acting as if money grew on trees, and cheap credit was just a fact of life. Generation X, who followed in their wake, were told to emulate their elders; so of course we did, because there was nobody telling us any different. But each step of the way we noticed that the easy opportunity of which the Boomers spoke was always just out of grasp. “Get any degree” didn’t work out the way they promised – “Work hard and get promoted” never seemed to pan out. With each year, we watched the tide of easy living go back to the sea, and soon became known for a general cynicism.
“You’re just not working hard enough, you need to improve your attitude!” said the Boomer, as they spent our inheritance on Horse Farms and Sports Bars.
But we started comparing notes – thank God for the Internet – and the statistics bore it out: we weren’t exceptionally bad, the so-called land of opportunity was!
So we started writing blogs, and books, and speaking frankly about the evils of this second-rate world that was left to us – and it looks like the Millennials picked up on what we were dishing out.
Their generation has been left with a cultural wasteland. Us Gen Xers knew we were headed to Hell, but at least we got to enjoy some Paradise at the beginning. But the Millennials aren’t bitching – not most of them, anyway. They’re rolling up their sleeves, and digging in to the work that needs to be done. They’re learning trades, coding for long hours, living below their means, and – yes – even slinging coffee at Starbucks to pay the bills.
They are rebuilding the wealth that was squandered.
Yes, even the Barista; putting whipped cream on coffee might not be generating wealth in and of itself, but they’re spending money on rent, on maintaining their vehicles, they’re contributing to public infrastructure through their taxes, and saving up as many dollars as they can.
This is how we rebuild our civilization: not through cheap credit, white-collar jobs, endless charity and pontification, or empty consumerist spending, but through hard work, savings, living below your means (even if it means living with your parents), and taking responsibility for oneself.
According to Strauss & Howe’s generational theory, the Millennials are a Hero generation; a generation that gets down to business and does what needs to be done. The economic statistics back this up. Despite the laziness and irresponsibility of your typical Antifa, the majority of young people have their act together, far better than should be expected, and are working to get society back on course. There are still a number of challenges to be overcome, but don’t let the depression-porn of the Chattering Classes make you despondent. Work is getting done, and wealth is being restored.
There is reason for us to be hopeful.