Generally you would get more conservative as you age as you get more assets like a house, car, savings, a pension maybe some stocks and shares, so you get more risk averse and prefer to maintain the system that got you those assets and keeps them appreciating instead of risking it on new fiscal policies.
But as younger generations own less and less wealth, that doesn’t happen. I’m 30 years old, renting and have a few grand in savings, and not much else, I would happily risk all I have on a radical change to a socialist system.
Yep. I’m far more risk adverse now that when I was younger.
However, I’m not projecting my own risk aversion onto my children. I’ll explain it to them, but leave them their own agency.
I’m also not blaming the minority non grata du jour for society’s ills. I’m also content to ‘take a hit’ so that the more vulnerable members of society have it better. So I don’t consider the “conservative” label apt (for me).
What they mean is you’ll become more selfish as you get richer.
Generally you would get more conservative as you age as you get more assets like a house, car, savings, a pension maybe some stocks and shares, so you get more risk averse and prefer to maintain the system that got you those assets and keeps them appreciating instead of risking it on new fiscal policies.
But as younger generations own less and less wealth, that doesn’t happen. I’m 30 years old, renting and have a few grand in savings, and not much else, I would happily risk all I have on a radical change to a socialist system.
Plus now it’s possible to save for retirement without buying stocks and houses.
Yep. I’m far more risk adverse now that when I was younger.
However, I’m not projecting my own risk aversion onto my children. I’ll explain it to them, but leave them their own agency.
I’m also not blaming the minority non grata du jour for society’s ills. I’m also content to ‘take a hit’ so that the more vulnerable members of society have it better. So I don’t consider the “conservative” label apt (for me).