User Panel
Posted: 1/17/2021 1:35:20 PM EDT
Not a good long term trend. Obviously some of it is due to the millennials' own problems like picking stupid degrees, but a lot of it is the rotten fruit of our leaders selling out to foreign lobbies, be it China or India or Mexico.
https://www.newsweek.com/millennials-control-just-42-percent-us-wealth-4-times-poorer-baby-boomers-were-age-34-1537638 |
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I bet they all have $1400 smart phones and $150 a month data plans.
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Quoted: I bet they all have $1400 smart phones and $150 a month data plans. View Quote More millennials save money than boomers at the same age points; and they save proportionally more of it. But you don't want to hear that saving 10% or 30% more is not enough to make up for lower compensation or more costly large purchases. |
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The obvious solution is we continue down the same path of ever increasing government growth through spending and intervention.
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I guess shipping our manufacturing base overseas and inviting the entire world to participate in our labor market isn’t a recipe for success?
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Let's not forget how many of them were told by their parents and "guidance" counselors that they HAD to go to college to get a good job. That they'd be making six figures sitting in an office making spreadsheets! Don't worry about what you get your degree in, all that matters is that you have one!
Astronomical tuition made affordable for all by government backed student loans! |
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How about the $4.50 per day for coffee.
Boomers used to bring a thermos from home. |
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Quoted: Quoted: I bet they all have $1400 smart phones and $150 a month data plans. Ok boomer He's not wrong. And boomers, when they were young, tended to drive used cars well into their late 30s or 40's. They didn't go out and buy a new car right after they graduated college and had debt. |
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All this.
And add in the "death by 1,000 cuts" of little recurring monthly charges. Boomers at 34 had a mortgage, utilities, car payment, and a phone bill. Maybe a newspaper or magazine subscription or two. A night out was once a week, lunch was brought to work. Minor home repairs were mostly handled by them. Millenials have all that and credit cards, internet, cable tv, cell phone, pandora, netflix, disney+, Hulu, satellite radio, XYZ of the month club. Easily a couple hundred dollars a month in recurring debt when you are at a point in your life where you are trying to get your shit together career and family wise. Don't forget the $5/day for coffee, $15/day for lunch and $30-40 a night dining out or Uber eats. Also, almost every Millenial I know has a new car every 5 years, latest tv, phone, gaming system and computer and they pay people off Craigslist to do the most minor of home repair tasks. Not to say they aren't at a disadvantage in a world of everybody goes to college, outsourcing, woke culture and mass immigration but they don't help their situation much either. |
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And yet, articles like that will be used to justify the march toward that suicide pact known as socialism.
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Both my boomer parents graduated high school then went down to the big factory and started jobs they held for the next 40 years.
That opportunity isnt there anymore, and probably never will be again. |
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I asked my Dad what he was making in the late 70's/early 80's in a lower level management position. Adjusted for inflation it was around $45/hr today. I also asked him what he pays those to do the same job today. About $25/hr.
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Boomers trying to blame millennials for their failing is funny.
When reality is boomers guided / marketed / told millennials what to do, what to buy, where to go, etc. |
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I was in the Army, 3 hots an a cot, healthcare, 30days paid vacation a year. Vacations in Hawaii, Panama,Iraq, Haiti, Germany, Kuwait..life was grand.
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My youngest brother-in-law is 18. He's got no marketable skills. Can't do anything but stay up until 5 AM playing PS4 and sleeping until 1 or 2 in the afternoon. His mom is coddling him and allowing him to continue this lifestyle. He has no job. No friends that he meets face-to-face. No ambition. He hasn't bathed in a week.
The future is fucked. |
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Quoted: All this. And add in the "death by 1,000 cuts" of little recurring monthly charges. Boomers at 34 had a mortgage, utilities, car payment, and a phone bill. Maybe a newspaper or magazine subscription or two. A night out was once a week, lunch was brought to work. Minor home repairs were mostly handled by them. Millenials have all that and credit cards, internet, cable tv, cell phone, pandora, netflix, disney+, Hulu, satellite radio, XYZ of the month club. Easily a couple hundred dollars a month in recurring debt when you are at a point in your life where you are trying to get your shit together career and family wise. Don't forget the $5/day for coffee, $15/day for lunch and $30-40 a night dining out or Uber eats. Also, almost every Millenial I know has a new car every 5 years, latest tv, phone, gaming system and computer and they pay people off Craigslist to do the most minor of home repair tasks. Not to say they aren't at a disadvantage in a world of everybody goes to college, outsourcing, woke culture and mass immigration but they don't help their situation much either. View Quote The cost of housing, health insurance, and college in terms of hours of median income has all increased drastically over the last 40 years. |
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Billions to study gendered trees overseas and another $600 should fix it, I would think.
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Quoted: Do you realize that most of Congress are not "boomers" anymore? View Quote View All Quotes View All Quotes Quoted: Quoted: LOL, the Boomers brought this country to her knees..... Do you realize that most of Congress are not "boomers" anymore? Anymore? So we just analyze a snapshot in history?? |
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Quoted: Do you realize that most of Congress are not "boomers" anymore? View Quote View All Quotes View All Quotes Quoted: Quoted: LOL, the Boomers brought this country to her knees..... Do you realize that most of Congress are not "boomers" anymore? Anymore? So we just analyze a snapshot in history?? When it suits a point of view? |
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I will forever live in shame that I am included in the very early millenials (1982), but as a millenial...I guess I'm doing it wrong?
I was an average, at best, high school student. I fucked around for 3 years after graduation and eventually went to an affordable, local, trade school (where entrance exams be damned, I was considered for acceptance after people of color and orphans [weird, but ok]). I learned to do something useful and have never hurt for work. I don't have any rich relatives who left me money, I didn't slide into a sweet job that someone pulled favors for me to get, but yet bills are paid, the 401k that I'll never get to use is in good shape, life is good. Point being, I am completely average and unremarkable in every way. If I can do it, it's not that hard. Someone could do worse than me and still be in pretty good shape. |
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And we wonder why we're on an express train to Socialist Paradise
Younger people are turning more and more to socialism. It helps to understand why, it's not totally because they're idiots. People respond to incentives. We're all going to be sitting here patting ourselves on the back about how well we've managed our lives while the country marches into socialism. The macro scale doesn't care about how well an individual is doing. What matters are the wide-spread effects and trends. Young people have turned into lifelong DSA, socialists, communists and other fringe political aspirations that seek to limit freedom. Precisely because the milestones of maturity, adulthood, and growing up have been much harder to attain than previously. It's great when random GD member pays their employees a lot or money, or he owns a bunch of rentals and a paid off house at 35. It completely misses the point that the generational change in home ownership and wealth accrual is double digit negative. That finding a woman to marry and have good little conservative freedom loving children is much more difficult than the past. Fertility rate doesn't lie. Lets make sure regular Americans only have 1 kid per couple so we can important a bunch of foreigners who don't give a shit about the Bill of Rights, hate gun ownership and vote for the same failed principles they fled from. We're fucked and one of the big reasons is that previous generations and the successful among the younger generations cannot help themselves from denigrating those in the younger generations struggling and immiserated in shitty economic and social milieu. Call every millennial lazy and stupid and laugh when they can't get a job with their college degree. They won't have children, they won't be conservative and when the shithole immigration demographic critical mass is reached and you wake up one day and every basic right is either denied or heavily moderated by a massively overarching technocracy backed with the full force of federal and local government you'll understand that the balance due for all the glee you expressed at the failure of two entire generations of America's sons and daughters has landed on your doorstep. View Quote |
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Quoted: He is not even correct. look at my graph. ~48% of congressmen were born before 1959. ~74% were born before 1969. View Quote View All Quotes View All Quotes Quoted: Quoted: Anymore? So we just analyze a snapshot in history?? He is not even correct. look at my graph. ~48% of congressmen were born before 1959. ~74% were born before 1969. Math and logic is hard for boomers. They just dictate and expect it to be true. |
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We (actually the DC swamp) shipped manufacturing to Mexico and China.
Adjust payroll for inflation and they are likely paid less per hour. My mom got an early retirement from the phone company at 49 years old. Full retirement pay, full 1989 medical coverage until 65. Then reimbursed to the 1989 insurance coverage in no full y covered by Medicare. They put a young lady in her job for half of what they paid my mom. Hard to get ahead at those wages. |
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