Idrees Kahloon

speaker

94 appearances 1 recordings 1 series first heard Jul 2026 last heard 9 Jul

Idrees Kahloon’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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What A Day · Mitch McConnell and Our Very Old Congress · 9 Jul 2026 podcast

But if you look at the living standards, they're very high.

They're higher than they've ever been.

If you look at actually individual earnings for people by generation, you see that Gen Z is earning more than millennials who earn more than Gen X who earn more than baby boomers.

So why doesn't it feel that way?

if the economists and any of my spreadsheets and these kinds of things show show the opposite and and i think that that is you know there's an argument that you know we're much more generous to elderly americans than younger people that's indisputably true social security is a um very generous entitlement at the very very maximum uh it could be a hundred thousand dollars per couple um you know compare that to what we spend for children uh to alleviate child poverty um obviously much less

I think the disconnect that a lot of people feel is due to basically the cost of housing, the cost of things that are regulation constrained.

So I think that people look at the system and they say, yeah, I might be making more in real dollar terms than my predecessors, but also a house is four times as expensive.

And that's where I think the blame game of what went wrong with previous generations, where it all gets a bit more complicated.

So there are a lot of contemporary similarities.

I mean, Europe has very, very similar dynamics as we do, where we had a baby boom, and now the baby boom is getting older.

And we have pension systems that were also... So a lot of things happened in the last 100 years, right?

People started living longer.

They started having fewer kids.

We set up these welfare states.

Great.

And now we are at a point where fertility is low.

Uh, people are living longer, they, health costs are high, and, uh, there are demands made by voters to keep these systems, uh, uh, generous and arguably more generous than they have been before.

And so what we see in America is replicated in the UK.

In the UK, they have something called the triple lock, which, um,

is an amount that the annual benefits for elderly residents are increased.

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