Since 2007 western countries have experienced economic suppression. I can't say exactly what it is, but I think generally the global economy has been resting on the baby boomer generation for growth. And in 2007 the first baby boomers hit 61. This means the start of baby boomers retiring was well underway. Remember many baby boomers got pensions from private and public sectors and can retire as early as 55. In 2022 the oldest baby boomers are hitting 58, meaning, we are experiencing the last of the boomers retiring. The majority of boomers are retired as of 2022.
These people are retiring at the peak of their earnings, lowering tax collections while simultaneously requiring more public services.
Below is a great video talking about analysis of England's productivity. The personal financial growth from 1992 through 2007 if it continued through 2022, people working today would be 33% economically better off. People who entered the workforce from 1945 through 1992 are materially better off.
If you are after generation X, you are at a material disadvantage than rest of society. So when we look at the stock market, this is all a reflection of an economically sick society.
I recommend this video to get a sense of the economic disadvantage and how democracy is being undermined by the diminished economic opportunity.
