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Posted: 8/15/2022 6:05:25 PM EDT
An indisputable difference between zoomers and boomers? Economics, according to a new analysis of the financial forces faced by Gen Z. Purchasing power among people born between 1997 and 2012 is 86% lower than it was for boomers when they were in their twenties, Fast Company reports, thanks to prices that have risen by more than 500% since the 1970s and wages that have only increased 80% in that time. Gen Z is also paying 57% more for gas, nearly 100% more for homes and 310% more for tuition at public universities.

mOAR
Link Posted: 8/15/2022 6:07:45 PM EDT
[#1]
Yes. We're a country in collapse. That's how it works.
Link Posted: 8/15/2022 6:10:02 PM EDT
[#2]
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Quoted:
Yes. We're a country in collapse. That's how it works.
View Quote


Nonsense, according to GD boomers the USA is still the best country in the world and things will get better.
Link Posted: 8/15/2022 6:10:25 PM EDT
[#3]
Well, seeing as how the Boomer generation in the US literally had it better than anyone before or since, that’s not much of a stretch.

Having 87% of the world’s non-US industrial capacity blown to shit in a large war gave American labor a bit of an edge for few decades….
Link Posted: 8/15/2022 6:11:53 PM EDT
[#4]
No fuckin shit
Link Posted: 8/15/2022 6:12:25 PM EDT
[#5]
This predates the new inflation. Inflation, due to its cross-generational impact, gave boomers the psychological opening they needed to consider what they vociferously denied in 2020, 2015, 2010 or 2005.
Link Posted: 8/15/2022 6:13:03 PM EDT
[#6]
Link Posted: 8/15/2022 6:13:37 PM EDT
[#7]
From my observations… The boomers are holding on to everything as hard as they can and for as long as they can. They are also operating under the supposition that the younger people have the same uninformed biases that they do. Rather than getting out of the way they plan on riding it into the dirt.
Link Posted: 8/15/2022 6:14:00 PM EDT
[#8]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


Nonsense, according to GD boomers the USA is still the best country in the world and things will get better.
View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
Yes. We're a country in collapse. That's how it works.


Nonsense, according to GD boomers the USA is still the best country in the world and things will get better.


Half right in your response. The USA is still the best country in the world. It’s just that other countries are worse.
Link Posted: 8/15/2022 6:15:06 PM EDT
[#9]
My zoomer friends are firmly financially conservative, saving and investing aggressively.

I think there will be a hard political shift to the right due to what the boomers did to the zoomers.
Link Posted: 8/15/2022 6:16:59 PM EDT
[#10]
Once again, we will witness the fight between those who point out economic realities, versus the bootstrappers who insist that reality has no impact on your earnings potential.
Link Posted: 8/15/2022 6:21:20 PM EDT
[#11]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


Nonsense, according to GD boomers the USA is still the best country in the world and things will get better.
View Quote
They can say whatever they want, but statistics are statistics. The middle class has shrunk since the 70s and the percentage of total wealth they hold has shrunk. Inflation outpaces wage growth. So long as these trends continue, there will be more losers than winners with each following generation, until everyone owns nothing and is happy.
Link Posted: 8/15/2022 6:22:01 PM EDT
[#12]
Boomer here…say what you will but you he generation before us had it very easy. During my 20’s (house buying time) housing prices exploded. My dad bought and built his custom ranch house on 2 acres for under $5k. His land was $200.00 that was in 1958.
My wife and I were looking at $40k houses and my dad said “wait” this crazy market will come down. 2 years later we had to spend $205k for our first house.
We did not have I easier than any other generation.
Link Posted: 8/15/2022 6:22:02 PM EDT
[#13]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
From my observations… The boomers are holding on to everything as hard as they can and for as long as they can. They are also operating under the supposition that the younger people have the same uninformed biases that they do. Rather than getting out of the way they plan on riding it into the dirt.
View Quote


Yep.
Link Posted: 8/15/2022 6:24:08 PM EDT
[#14]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


Nonsense, according to GD boomers the USA is still the best country in the world and things will get better.
View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
Yes. We're a country in collapse. That's how it works.


Nonsense, according to GD boomers the USA is still the best country in the world and things will get better.

It's easy to think that way when you just cashed out your multimillion dollar house that you bought for a song and are busy outfitting the class A for your ride off into the sunset.
Link Posted: 8/15/2022 6:24:15 PM EDT
[#15]
What a refreshing and interesting topic..........
Link Posted: 8/15/2022 6:24:15 PM EDT
[#16]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


Nonsense, according to GD boomers the USA is still the best country in the world and things will get better.
View Quote


Boomers are probably the biggest generation detached from the reality of our decline since the wealth they have generated for themselves is a statistical anomaly in the history of the world, they are impacted the least.
Link Posted: 8/15/2022 6:30:05 PM EDT
[#17]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
My zoomer friends are firmly financially conservative, saving and investing aggressively.

I think there will be a hard political shift to the right due to what the boomers did to the zoomers.
View Quote
If more people on right could figure out the extent in which the Federal Reserve's central planning has negatively impacted the economy and amplified inequality, it would be a slam dunk. But unfortunately half of the people on the right don't even know what the Federal reserve is, and many that do understand, support the Fed's socialist policies because it has artificially boosted the value of their assets in exchange for knocking out the bottom rungs of the economic ladder. Then you get the completely out of touch that don't even realize this is a problem.

The Fed's central planning and controls over interest rates and the brrrr machine is the massive underwater portion of the iceberg that nobody looks at. It's a  much bigger issue than fiscal policies, and it actually has enabled the fiscal stupidity by suppressing rates.


You could dunk on retard leftists all day about how big govt policies and money printing has made it much more difficult to get ahead, but you actually have to understand it. So instead we'll just go with the tried and true "work harder you lazy faggots"
Link Posted: 8/15/2022 6:33:21 PM EDT
[#18]
I was going to respond to some of the comments with how I must of missed the turnoff to the easy life.

Instead, let them marinate in their bitterness.
Link Posted: 8/15/2022 6:38:44 PM EDT
[#19]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


Nonsense, according to GD boomers the USA is still the best country in the world and things will get better.
View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
Yes. We're a country in collapse. That's how it works.


Nonsense, according to GD boomers the USA is still the best country in the world and things will get better.


Maybe I don't read enough GD, but I've never seen a single person say that things are getting better in any way, shape, or form.
Link Posted: 8/15/2022 6:38:44 PM EDT
[#20]
Boomers still to this day think it’s as easy as going to the factory and making middle class wages or just going to college for 4 years and making upper middle class wages.

As long as they get their SS and Medicare, the country could be sold to China for all they care, because “they worked for it”.

People making 200k a year have a modicum of work/life balance that a boomer making inflation adjusted 75k during their prime earning years.

Link Posted: 8/15/2022 6:40:30 PM EDT
[#21]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Boomer here…say what you will but you he generation before us had it very easy. During my 20’s (house buying time) housing prices exploded. My dad bought and built his custom ranch house on 2 acres for under $5k. His land was $200.00 that was in 1958.
My wife and I were looking at $40k houses and my dad said “wait” this crazy market will come down. 2 years later we had to spend $205k for our first house.
We did not have I easier than any other generation.
View Quote


The generation before you? As in the Silent Generation that lived through the Great Depression as children?
Link Posted: 8/15/2022 6:45:42 PM EDT
[#22]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
I was going to respond to some of the comments with how I must of missed the turnoff to the easy life.

Instead, let them marinate in their bitterness.
View Quote
Nobody said every boomer had it easy, but the barriers to upward mobility have increased drastically, and should that continue, the traditional middle class lifestyle will become untenable for the majority of people. Look at how much the price of college has ballooned since the 70s, and then consider what the country will be like in another 50 years if that rate of increase continues relative to wage growth. Kids will have to take out 20 or 30 year loans for a four year degree. It's not going to work. They'll be saddled with massive debts for their entire lives.
Link Posted: 8/15/2022 6:46:50 PM EDT
[#23]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
What a refreshing and interesting topic..........
View Quote


the boomer hate warms me
used to feel halfway sympathetic towards the loudest criers in here
now?
fuck’em
you get what you get, not everyone wins
better off figuring out what will make you win rather than cry about it here
if you can’t win, give up

please, please just stop whining for the love of god
Link Posted: 8/15/2022 6:46:51 PM EDT
[#24]
Whichever age bracket they’re grouped in most of them are in school or college or so young they have a decade before buying a home at the typical age of home owners Attachment Attached File
Attachment Attached File
Attachment Attached File
Link Posted: 8/15/2022 6:47:16 PM EDT
[#25]
Quoted:
An indisputable difference between zoomers and boomers? Economics, according to a new analysis of the financial forces faced by Gen Z. Purchasing power among people born between 1997 and 2012 is 86% lower than it was for boomers when they were in their twenties, Fast Company reports, thanks to prices that have risen by more than 500% since the 1970s and wages that have only increased 80% in that time. Gen Z is also paying 57% more for gas, nearly 100% more for homes and 310% more for tuition at public universities.

mOAR
View Quote


MOAR whining
Link Posted: 8/15/2022 6:54:22 PM EDT
[#26]
Link Posted: 8/15/2022 7:05:58 PM EDT
[#27]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


the boomer hate warms me
used to feel halfway sympathetic towards the loudest criers in here
now?
fuck’em
you get what you get, not everyone wins
better off figuring out what will make you win rather than cry about it here
if you can’t win, give up

please, please just stop whining for the love of god
View Quote


the world is getting worse and you just expect us to shut up and not think about it? typical boomer response
Link Posted: 8/15/2022 7:07:41 PM EDT
[#28]
Listen up. We all had/have it hard. Every generation and every person have it hard. It's especially hard if you aren't willing to work and try to improve. Success comes from people that don't complain about the other guy and their life situation but find a way to succeed instead. Get off the poor pitiful me. Business is good, people are great, life is wonderful. Believe that or your headed to your own life fulling destiny that sucks.
Link Posted: 8/15/2022 7:09:38 PM EDT
[#29]
As the baby boomers begin to retire and their huge chunk of investment capital is moved from the stock market into bonds, the cost of  financial capitalization is going to skyrocket...
Inflation will increase with the inevitable labor shortages once the population shrinks.
As consumption decreases with the population contraction, production loses advantages of scale, further increasing costs.

The simple fact is that the circumstances that culminated in the population explosion and the huge increase in worldwide industrialization under the security provided by the USA created an economic Golden Age.
Now, it's over.
The developed World is going to go back to pre World War 1 empire style protectionist trading, and the Third World is going to starve to death and slaughter each other in a way that makes the last 60 years in Africa look like a Baby Boomer era kindergarten.


Link Posted: 8/15/2022 7:09:49 PM EDT
[#30]
They definitely have it harder than the boomers... Boomers could assume the girl they were dating was a girl. Now you don't know what kinda hildebeast you may come home with.
Link Posted: 8/15/2022 7:10:04 PM EDT
[#31]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
I was going to respond to some of the comments with how I must of missed the turnoff to the easy life.

Instead, let them marinate in their bitterness.
View Quote

or you could tell them to quit whining and GBPSE
Link Posted: 8/15/2022 7:12:01 PM EDT
[#32]
I guess if life is tough you shouldn’t be a pussy



I don’t see how a kid today can buy a house but when I saw the zoomers listing what they considered “necessities” I realized they are the least adapted for their own time
Link Posted: 8/15/2022 7:13:34 PM EDT
[#33]
What is the population percentage breakdown by generation?

Won't the die off of the Boomer generation cause a huge transfer and dissolution of wealth accumulations?  For instance,  Boomer parents with $xxxxx pass and leave that money divided equally among their 2.3 children?
Link Posted: 8/15/2022 7:14:35 PM EDT
[#34]
I don't argue that the zoomers don't have it harder. My argument is with what should be done about it. If you want shit handed to you, go fuck yourself. -GenX
Link Posted: 8/15/2022 7:19:56 PM EDT
[#35]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
I guess if life is tough you shouldn’t be a pussy



I don’t see how a kid today can buy a house but when I saw the zoomers listing what they considered “necessities” I realized they are the least adapted for their own time
View Quote


I wonder why they think the way they do. I wonder if there was a generation before them that allowed all of this corruption and degenerate way of thinking.

The boomers believed the lies. Now the zoomers are here and the odds of them getting things right are extremely low.

Up to us to guide the youth's in the right direction.
Link Posted: 8/15/2022 7:22:48 PM EDT
[#36]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Nobody said every boomer had it easy, but the barriers to upward mobility have increased drastically, and should that continue, the traditional middle class lifestyle will become untenable for the majority of people. Look at how much the price of college has ballooned since the 70s, and then consider what the country will be like in another 50 years if that rate of increase continues relative to wage growth. Kids will have to take out 20 or 30 year loans for a four year degree. It's not going to work. They'll be saddled with massive debts for their entire lives.
View Quote


Maybe they should work harder.  In my day you could pay for college with a lemonade stand over one summer.  That's the way it was 40 years ago so it must still be that way.  Everything now is just as it was then, and at the same time we desperately need to make it that way again because it isn't anymore.  Avocado toast, $1000 cell phone.
Link Posted: 8/15/2022 7:24:59 PM EDT
[#37]
We worked hard for what we got.

I moved out at 18.

Ate peanut butter, jelly on bread.

No one has given me nothing.

No cash, no house, no land.

Parents left me with their picture.

And love for God.

Little crying babies, we own you nothing.

Link Posted: 8/15/2022 7:26:29 PM EDT
[#38]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
What is the population percentage breakdown by generation?

Won't the die off of the Boomer generation cause a huge transfer and dissolution of wealth accumulations?  For instance,  Boomer parents with $xxxxx pass and leave that money divided equally among their 2.3 children?
View Quote


I've read that, but I think a big chunk of that is going to be burnt up in the assisted living/retirement home racket. Really wealthy will be able to do that, some others will pay for the legal footwork to avoid that and use up Medicare money.

I think a suprising percentage of the reasonably well off won't leave much wealth behind

Link Posted: 8/15/2022 7:27:40 PM EDT
[#39]
Empire decline.
Link Posted: 8/15/2022 7:37:00 PM EDT
[#40]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
I was going to respond to some of the comments with how I must of missed the turnoff to the easy life.

Instead, let them marinate in their bitterness.
View Quote
They sound like my brother, the whining commie.  He is bitterly envious of anyone who has a nickel more than him.  

When I was on the verge of losing my job and scrambling for employment he told me "You've had it easy".  Why?  Because I earned a more technical degree than you?   Because I earned an MA?   Because I developed my technical skills to a point where I am a relatively rare commodity?  Because I've changed jobs from time to time over the years and learned new skills?  Is all that why I've "had it easy"?


Link Posted: 8/15/2022 7:39:15 PM EDT
[#41]
I honestly feel sorry for my children and one day, grandchildren. I really do.
Link Posted: 8/15/2022 7:43:26 PM EDT
[#42]
Can OP add a poll to the job for Gen X, Y, Z, Millenial, Boomer, etc?
Link Posted: 8/15/2022 7:47:38 PM EDT
[#43]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


I've read that, but I think a big chunk of that is going to be burnt up in the assisted living/retirement home racket. Really wealthy will be able to do that, some others will pay for the legal footwork to avoid that and use up Medicare money.

I think a suprising percentage of the reasonably well off won't leave much wealth behind

View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
What is the population percentage breakdown by generation?

Won't the die off of the Boomer generation cause a huge transfer and dissolution of wealth accumulations?  For instance,  Boomer parents with $xxxxx pass and leave that money divided equally among their 2.3 children?


I've read that, but I think a big chunk of that is going to be burnt up in the assisted living/retirement home racket. Really wealthy will be able to do that, some others will pay for the legal footwork to avoid that and use up Medicare money.

I think a suprising percentage of the reasonably well off won't leave much wealth behind




Pretty much this, my grandma is burning through the money from the sale of her house to pay for her care, her only income is social security because she never planned for retirement. The big government tit was what she thought would keep her afloat.
Link Posted: 8/15/2022 7:48:45 PM EDT
[#44]
Bitch, whine, bitch, whine. If you would just sit back and be patient for just a few more years we boomers will all be dead and gone and then it will all be yours to do with whatever you want. Some of you have BDS so bad you will probably go to the cemetery and throw beer bottles at our tombstones.
Link Posted: 8/15/2022 7:49:42 PM EDT
[#45]
It's not what the boomers did, but more like what the zoomers didn't.  Their enemy is not the boomers.  It is the government because it is what makes the headwinds that make achievement so difficult.
Link Posted: 8/15/2022 7:50:10 PM EDT
[#46]
Gen Z would call police/child services if they lived like boomers at the same age.

Link Posted: 8/15/2022 7:52:23 PM EDT
[#47]
Pretty much everyone on the planet has it worse than us regardless of generation.

Keep perspective and don’t whine.
Link Posted: 8/15/2022 7:53:48 PM EDT
[#48]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


the world is getting worse and you just expect us to shut up and not think about it? typical boomer response
View Quote


as I said I’m halfway sorry for you guys

what do you want the boomers to do for you about it?
give up their shit and give it to you?
take their shit away from them? special tax on the bad ol boomers?
special loan arrangement from the government to level the playing field? ( historic low mortgage rates the last few years was that frankly)

what’s your angle?
how do you get out of this box?

fwiw last year boomer, first year gen x here depending on whatever deal you look at
I glance at these threads in the past and never comment but got off from work - self employed, non glamorous trade related field - busted my ass
pushing 60 only to read another pity party thread - it’s nothing personal to the op or whomever I am quoting but you fuckers caught me bad today

Link Posted: 8/15/2022 7:54:40 PM EDT
[#49]
My boomer father insists he got where he is because of hard work and that all the generations after his are just lazy.
Work harder and you'll be fine.
Link Posted: 8/15/2022 7:57:58 PM EDT
[#50]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Boomer here…say what you will but you he generation before us had it very easy. During my 20’s (house buying time) housing prices exploded. My dad bought and built his custom ranch house on 2 acres for under $5k. His land was $200.00 that was in 1958.
My wife and I were looking at $40k houses and my dad said “wait” this crazy market will come down. 2 years later we had to spend $205k for our first house.
We did not have I easier than any other generation.
View Quote



80% of all dollars ever printed happened while:

1.  Your generation was in charge.

2.  You were at your generational peak in careers when the money printing happened.


Just by that simple math, boomers had it significantly mathematically easier than any other generation.

Just admit it that you looted the country for yourselves. Especially your generation politicians.
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