Wednesday, January 20, 2010

Wha? Actually, we blew it.

No doubt we made some $ during the Roaring 90's. Yet, as a tech industry witness I'm here to tell ya that most of us blew the money like MC Hammer.
As is often the case during periods of economic pain, the conventional wisdom is divorced from reality. Indeed, for those (including this writer) who entered the labor force back in the somewhat recessionary early '90s, much of the commentary at the time centered on how "Generation X" wouldn't achieve its parents' lifestyles; it didn't take too long before a technology and finance boom made a disaffected Generation X the richest of them all.
We're all babyboomers now.

2 comments:

Kath said...

Starting to wonder how anybody has any money beyond the $5 in your pokcet at the moment.

Wek said...

Ha! I checked my wallet (for real) and I have only 3 singles inside.