Shits more expensive and boomers want to pay millenials like it's still 1980.

I worked with some millennials who will be retiring next year at 41 years old.

Why do Boomers have the reputation of selling out to foreign countries?

And this

What choice are the expected to make when the options presented to them are

A) college.
B) college.
C) poors go to trade school, you're to smart for that. I can't help you there.

The higher education industry absolutely bears some culpability for the lack of real skills among Millenials as a whole.

This too.

Probably came with a health insurance plan too... A plan that would cost $500+/mo today with a $9,000 deductible.

*laughs in art degree*

Most of this shit happened TO Boomers long before the next couple of generations made it out of high school. The younger generation needs to take the way back machine to the 70's and see what was going on to all those Boomers. 15% interest was nothing and while a house was cheaper, the interest was not.

And the ''greatest generation'' fvcked boomers over way more then boomers fvcked themselves. The greatest generation were died in the wool democrats who worshiped FDR and those like him. Boomers elected more Republicans then the ''greatest generation'' ever did.

The younger generation would be shitting bricks if their average interest rates were 15-20% on the things they borrow money for.

Guys, just stop paying your phone bill and you'll have enough money for whatever you want!

Such a nuanced view of the world.

Funny how no one wants to talk about that

when boomers were millennials' current age:

$1400 (2021) was only $450
$150/mo (2021) was only $40/mo


Meanwhile, median home prices are >30% higher (inflation adjusted) than home prices when boomers were starting to become homeowners.  Boomers (who for a long time held the largest voting block and still hold the largest percentage of wealth) pretty much fucked the future generations through shit national wealth management.

Do you remember the presentations from colleges in high school where they'd talk about how yeah, it's expensive but don't worry...with our degree you'll be making FORTY THOUSAND DOLLARS A YEAR!!!!!

I remember sitting through those feeling like I was watching a bad infomercial and being amazed at how many of my classmates were eating it up.  Don't get me wrong, a lot of them did well and are doing way better than me, but just as many aren't.

What's the actual inflation adjusted wealth per person comparison? Not the bullshit "they control X% of the wealth" statistics that are grossly misleading due to the differences in life expectancies.

^^^True.  But you left out late model cars, an Netflix/HBO/Showtime/Amazon Prime subscriptions.

Anybody that fucking stupid deserves to be poor.

edit

When I was 20 my first apartment was a 2 bedroom 1 bath within walking distance of a college campus, plenty of places to eat and party. Cost me $275/month. Today a similar one in the same exact neighborhood costs $950/month

75M illegal and H1B immigrants over the last 30 years have also raised the cost of housing and helped to keep wages flat

Thank you for a well throughout explanation. I've been throwing bricks so far in this thread, I'll try to make my points more tactfully.

Jfc another millennial vs boomer thread

... because we understood the importance of work, long-term retirement savings, investments and thriftiness

Yet they have 10 times as much luxury shit in their personal possession , lol....

@gym007

I’m in my 50s.

The playing field for an 18 year olds and other young adults is a total cluster fook right now compared to someone that turned 18 in 1960, 1970, 1980, or 1990.

For the past few years I had a sense of what worked for me, and several people in previous generations was a formula that may no longer apply, and this past year has really hammered it home.

The opportunity to get a good job out of HS with decent pay, decent benefits, a good retirement plan, and opportunity for advancement is a fraction of what it used to be.

The opportunity to get a scholarship for a real degree based on merit alone is a fraction of what it used to be.

The opportunity for a great job out of college with a real degree that starts above the median income, has good benefits, and a reasonable or better retirement plan and reasonable expectation for advancement is a fraction of what it used to be.

The ability to start a business is dragged down by licensing, permits, regulations, zoning, environmental oversight, hiring practice issues, insurance, lawsuits, taxes, etc. to a degree never seen before.

The government pays total benefits to welfare and SSDI and regulates teen workers to a degree entry level labor is an issue.  And lax non citizen oversight means you can’t compete with services using illegals.

The government also streamlines cheap H1B workers that depress income and the job market for young citizen professionals.

You can literally get kicked out of college or lose a job because you went to a trump rally, dressed as a pimp for Halloween when you were 15, or become a felon because a drunk chick that had sex with a guy says he raped her when her husband found out.  

There entire lives have been inundated for social, educational, authority, media, entertainment pressures coercing them into every possible behavior, attitude, opinion that is essentially 180 degrees contrary to what made America kick ass, succeed, and excel.

They will pay significantly higher proportionally for a reliable car for work.  They will find it much harder to find a starter home proportionally similar to what we did starting out.  There employers will expect them to be reachable non-stop and rapidly responsive to texts, direct calls, etc.  This was previously a high end, well paid profession expectation.  

Sure,
I complain about many things regarding the younger generations.  There are some common traits and behaviors that are laughable.  But a a young guy just like you were at that age, or young couple starting out just like many of us did decades ago, has some obstacles and mines in their path we did not.

On the plus side, you could live off the interest if you had a bunch of cash in the bank. A LOT of older people did this, 1/2 million was an easy 35K+ in interest alone with no worries about the market crashing, even more if you put it in long term interest bearing accounts.

I won't lie, I was very lucky when I got out of the service and into the company and field I am still in now. I decided what field would always have demand and got in to it working at a temp agency doing janitorial work. Once I got hired in [because I was recommended by every boss I had] I didn't stay doing that very long. Once I hired into the company proper, I moved up pretty quickly in multiple departments and switched [even losing pay] to move up again in a department with a higher pay grade.

Now, with a few years to go, I'm happy where I am. What I DON'T see now though is opportunities I had to move up quickly if you wanted to learn and could learn, [companies fault IMHO] and the younger generation, many of which are happy to stay at a lower pay grade but have far less responsibilities. And while I may piss off some ''conservatives,'' when they killed pensions and went to a 401k, the younger guys just moved on without learning and applying knowledge for a bit more money in their paycheck today because there was no longer any reason to stay around for a pension as it didn't exist anymore. The loss of institutional knowledge is very real and going to get worse down the road.

edit

Weird. That sound like me and my millennial co-workers. But go on. Can you believe what an SKS is going for these days!?

Well that's that new Audi A4 (or Dodge Charger R/T) sitting parked out on the curb in a nice suburban neighborhood.   No way they're getting up at 7:30 to move out of the driveway so mom can get out.



I think the US government has already borrowed roughly $450,000 against every newborn today.  May be more now?

Shit flinging aside, it's statements like this that are why socialism is a mainstream ideology now.

There are a lot of young people that are lazy retards, sure, but when you make blanket statements like this, you're also kicking the people that are actually trying, when they're down too. Why the hell do you expect them to listen to you, when Bernie's promising to cover their student loan debt and ensure they have healthcare?

Even when they do make it, they'll remember that it was in spite of you and not because of you.

No shit.

The Boomers and the Millennials going at it is like watching two siblings argue over who dad thinks is a better kisser.

It was always 40k for us.  I always thought it was weird that every rep from every college or school always threw out 40k.  This was in 2001.

Ah, yes. Boomers complaining of their legacy generation.

Our children are retarded, look at how stupid they are.
Why aren't our children as awesome as us? Someone should have taught them what we were taught by our parents.
Our children's life choices are awful, why would they make such a choice after being told that was their only option by every authority for their entire schooling?
Look at how lazy our kids are. Why were they not taught the value of hard work versus expecting to be given everything?

Jesus Christ guys I am the classic boomer and even I know this for god's sake..........

Not just that. House prices doubled 2004-2020.

When I hear MAGA, I think Trump means "Don't buy a cell phone or a car, that'll make America Great Again." Not that the economy and corresponding economic opportunities have fundamentally changed and we're looking to redress that imbalance...obviously

Sounds like the point went over your head, buddy.

Nick

I don't know who this is but I definitely wood.

Don't ruin this thread with that crap.

We hate millennials and boomers are the greatest generation. Now get off of your ass and follow the path that your boomer leaders wrote for you.

And interest rates halved or dropped even more then that.

I will add this, the absolute worst thing the federal government ever did was artificially keep interest rates low so they [federal govt] could make the money machine go Brrrrrrrrrr and borrow money to up the national debt. Because of this, prices rose far more then they should have risen because interest on debt in payments dropped and the markets reacted by raising the prices on those goods. [houses, cars, education etc] It's no coincidence that those areas have seen steep price hikes. And because of low interest servicing, the federal government just keeps borrowing and borrowing to prop everything up until TSHTF.

. I'm GenX and lived through that bullshit. The kids that went to "trade school" in high school were all considered the outcasts and retards. If you didn't go to college to get a 4 year degree you were shit and wouldn't amount to shit. There was a metric fuckton of pressure and negative stigma from teachers, parents, and leaders (this was in the 90s so what generation do you think those were???) to "get the degree" to have it more betterreerrr then mammy and pappay working in the factories. Except those same people sold us all down the river and turned the US into a mostly service based economy, while wages stagnated, and the government created bubbles in housing and education letting everyone and the kitchen sink in to participate in those markets. Manufacturing went to china and non-defense middle class work was given to HI1b's and others that would work for pennies.

Most of the millennials and GenZ I know all want to work hard and make way in life but they are absolutely crippled by the decisions made by the previous generations that put them at an extreme disadvantage especially compared to boomers and Genx, especially those not going into STEM or military/civil service. There's no middle class factories/jobs where you can have a decent salary, benefits, and get a pension.

Keep in mind those "soft" newer generations were raised by the boomers and earlier GenX so what does that say about those generations? The kids today didn't just pop out worthless. It takes a village and all that...

Take it up with your employer instead of trying to use government as your personal cudgel to batter a free society..,

edit

How much?

My dad said he bought his in the early 80's for $70