Population Statistic: Read. React. Repeat.
Tuesday, April 15, 2021

A hallmark of Generation X is its deep-rooted cynicism. So it shouldn’t come as any surprise that the majority of this demographic anticipates a bleak retirement-years scenario, based upon low levels of savings now and the likely shortfall of social programs in the future.

Key future shortfall would be that of Social Security:

This concern is largely the result of a barrage of negative media coverage about the entitlement system as a demographic time-bomb that will become more difficult to fund as older folks begin to outnumber the young.

There is vast disagreement even among economists on just how solvent Social Security will remain, and until when. Those who favor privatization-type reforms argue that an entitlement crisis is imminent. Others champion the system, saying funding troubles will not arise until at least 35 years from now.

Whatever the case, Scottrade and BetterInvesting found that Generation X doesn’t appear to be counting on the money.

“It’s a black hole to them,” said [Scottrade chief marketing officer Chris] Moloney.

Speaking as a member of the X squad, I don’t think this “black hole” mentality should come as a surprise. Inflation took out Social Security as a practical means of old-age support starting in the 1970s — right when we were being born. We saw firsthand how measly those government checks were back then, so the prospect of working for 50 years and looking forward to these devalued pittances as a reward was laughable.

And that’s not even considering the ever-marching conservative efforts to eventually eliminate even this incomplete social safety net. I think today’s 30-somethings have accepted that they’ll easily outlive Social Security, and thus aren’t counting on seeing it in any (recognizable, at least) form by the time 65 rolls around.

The alternative? Assuming we can’t move back in with Mom and Dad circa 2030, we’ll just have to get around to building that Web 2-point-3-point-0 million-dollar killer website. That’s the ticket.

by Costa Tsiokos, Tue 04/15/2008 11:54:51 PM
Category: Society
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So you’ve experienced love at first sight on a subway car, but reached your stop before you could muster up the courage to actually talk to your object of affection? Then you’ll be checking Subway Crush on a regular basis, in the hopes of finding that fellow traveler (who, of course, is never again seen on that line).

The unique thing about this longshot love connection is the ability to sort via specific subway line — for example, the chance encounters on the 6 train. So you can easily check on your usual ride. (This is obviously NYC only; those seeking love on other metro tubes are on their own.)

This forlorn posting board is right up my alley. I can’t count the number of times I’ve wound up face-to-face with some ravishing woman, only a few feet apart, and coming up silent. Then my stop comes up, or hers does, and that’s the end of that. The code of silence that pervades most cars is more intimidating to me than anything else.

Right up my alley, as I said. Unfortunately, my cynicism precludes me from actually posting anything. Although if the contributions remain as scarce as they are in this early going, I might have to pitch in, just to provide content.

If the site does catch fire, let’s hope it partners with the City and promotes New York’s custom-wrapped condoms, often distributed at subway stations. Might as well combine the underground-linked concepts.

UPDATE: It’s on the InterWeb, so I guess I believe it: Apparently Pope Benedict XVI’s current papal visit to the U.S. included a journey leg on the L train:

You were wearing a mitred hat and a large cross. That cross looked heavy. You had dark circles under your eyes, like you had just taken a long flight and were really tired. Maybe you had the weight of the world, or an organized religion, on your shoulders. I’m an atheist, but let me help you shoulder your burden. Beers at Larry Lawrence?

I’m liking this site more and more.

by Costa Tsiokos, Tue 04/15/2008 11:36:29 PM
Category: Internet, New Yorkin'
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