Saturday, January 06, 2018

Lessons from Salty Gen-X "The Last Jedi" haters

Of late, even the Star Wars franchise has join the inter-generation wars with Generation X forming the majority of folks who are upset with the latest movie.

If you follow this blog, you will know that Gen X has a lot of bitterness because most of us are currently undergoing our own mid-life crisis. A lot of folks got upset when Luke Skywalker did not have the good ending that most of Generation X expected. Fans were shocked by the idea that Luke turned out to be a bad Jedi Master who tried to murder to teenager and played a role in the turning of Kylo Ren towards the First Order.

Generation X feelings were even more hurt when the heroes of the Millenial generation were able to manifest greater powers without seemingly requiring more training. Kylo Ren can stop a blaster bolt in mid-air. Rey does not seem to require a lot of on job training. This forms the heart of a lot of inter-generational shaming. Generation X has always accused Millenials of taking to short cuts through life.

This can be reflected in the financial markets.

Boomers had a ridiculous real estate market boom allowing specific individuals who had owned landed property in the early 70s to become multi millionaires today. Millenials had the cryptocurrency mania that could mint a new millionaire in months.

Some might ask : What did Generation X have beyond bitterness, failure and mediocrity ?

In reality, the Generation X bitterness is hogwash.

Just because someone did not achieve prosperity by following the markets does not mean that the entire Generation was screwed by society and was not given as good a deal as other generations. I actually think we are doing better than Boomers or the Millenials.

Generation X enjoyed half the residential property boom and a decade or two where corporations remained somewhat loyal to professional workers. Generation X in Singapore had access to REITs and saw the introduction of ETFs into the markets. Generation X also could have bought in the biggest downturn of the last 50 years in 2009.

In 2018, many Generation X will reach the depths of their mid-life crisis.

Like their childhood hero Luke Skywalker, their life report card will read a C- or a D.

At the end of the day, they can only blame themselves.

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