flâneur

The Cost of Apathy. - Young Money by Jack Raines

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Welcome to Young Money! If you’re new here, you can join the tens of thousands of subscribers receiving my essays each week by adding your email below. If you were fortunate enough to be born into a middle-class or higher family in a first-world, western country in the last ~40 years, you are subject to a set of circumstances that would have been unfamiliar to anyone, save a few members of the aristocracy, born before the 20th century: a stable life with financial security is not only attainable, it’s likely. This isn’t hyperbole: per this 2023 Brookings study, 51% of the lowest socioeconomic quintile of American 9th graders in 2009 were enrolled in college within 18 months after graduation, and 68% of all 2009 high school freshmen attended college after graduation. Attending college and (assuming you graduate) gaining access to the post-college job market are now table stakes, especially for those who grew up with some means. Of course, the economy is cyclical, you can never fully esc

This blog helped inspire my first book: Young Money: A Field Guide to Wealth and Purpose in Your Twenties. I wrote 270 pages on status games, opportunity costs, and the stage-specificity of life; topics that I think are particularly timely today. To catch my next blog post, subscribe to my email list here. For my most detailed thoughts on this topic, order my book below: Order Your Copy Here! If you were fortunate enough to be born into a middle-class or higher family in a first-world, western country in the last ~40 years, you are subject to a set of circumstances that would have been…

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