Another phrase I now can’t get out of my head is “managed decline.” It’s been batted around in the context of Europe; George Soros splashily said it about the U.S. dollar a few years ago; and Ken Layne, the Wonkette Cassandra, used it when we spoke. It also strikes me as a fairly good way of describing the process of getting older. That’s what we’re doing when we decide that we can be okay with having more unpredictable careers and more modest lifestyles, if that’s what’s in store: Even as we hold out hope that something will reverse the trajectory, we are managing our decline, we are making do.
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Why the Current Crop of Twentysomethings Are Going to Be Okay - New York Magazine
A long read but well worth it. As a father whose oldest is 13 and in his last year of middle school before the “real game” starts in high school, this was eye opening. I wonder what this article will read like ten years from now when he is in his mid twenties.
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