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Posted: 1/17/2021 3:08:08 PM EDT
[#1]
Quote HistoryQuoted: I bet they all have $1400 smart phones and $150 a month data plans. 
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Posted: 1/17/2021 3:08:12 PM EDT
[#2]
Quote HistoryQuoted: The amount of either is immaterial. The amount relative to income matters. Someone making 500K a year is not impacted by either of those amounts. Someone making 20K a year is. The situation is the culmination of a lot of things. I blame good intentions and entitlement mentality. Health insurance becoming a benefit, for example, drove the cost of healthcare through the roof. Government grants and scholarships drove the cost of education through the roof. Free shit is killing the country. Taxing corporations drove business over seas. Open borders kept the cost of manual labor depressed. Yes, the boomers had a lot to do with this, but as someone else said, the greatest generation is also to blame. The education system is pushing socialism and exacerbating the situation. We are aren’t getting out of this fighting each other, we should be focused on defeating socialism Quote HistoryQuoted: Quoted: Quoted: $1,320 a year for a cell phone bill. You've certainly got this money thing down by the tail, haven't you? Is that more or less than the average Boomer spends for their cable TV annually? The amount of either is immaterial. The amount relative to income matters. Someone making 500K a year is not impacted by either of those amounts. Someone making 20K a year is. The situation is the culmination of a lot of things. I blame good intentions and entitlement mentality. Health insurance becoming a benefit, for example, drove the cost of healthcare through the roof. Government grants and scholarships drove the cost of education through the roof. Free shit is killing the country. Taxing corporations drove business over seas. Open borders kept the cost of manual labor depressed. Yes, the boomers had a lot to do with this, but as someone else said, the greatest generation is also to blame. The education system is pushing socialism and exacerbating the situation. We are aren’t getting out of this fighting each other, we should be focused on defeating socialism No, government declaring student loan debt as all but undischargeable in bankruptcy did this. |
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Posted: 1/17/2021 3:08:28 PM EDT
[#3]
Bought my first house in '85. Mortgage rate on it was 11.5%. Yup, we really had it going on back then.
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Posted: 1/17/2021 3:08:59 PM EDT
[#4]
Quote HistoryQuoted: 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. Global competition, how does it work? Majority of middle class jobs have been siphoned away by automation and globalization. Kind of non debatable. |
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Posted: 1/17/2021 3:09:02 PM EDT
[#5]
Lots of factors.
As a business owner, lots of younger guys have no skills other than to finger fuck facebork and video games. They want everything wo putting in the effort. I am gen x and we are fucked. |
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Posted: 1/17/2021 3:09:13 PM EDT
[#6]
Quote HistoryQuoted: There won't be any massive wealth transfer. Most Boomer parents are going to die after a long, expensive battle with death. State and Federal governments are set-up so that any medical assistance care is paid for by the deceased's estate. Here is a recent thread about Minnesota. https://www.ar15.com/forums/General/Minnesota-takes-all-your-s-when-you-die-now-/5-2409598/ https://www.verywellhealth.com/how-the-medicaid-estate-recovery-program-works-1738836 Quote HistoryQuoted: Quoted: They may be making way less now, but when their parents start dying off, they'll be worth WAY more than GenX. GenZ will probably never even be able to understand the numbers. I'm curious to see how they handle the massive transfer of wealth -- will they blow it or save/ invest it? Should be interesting. There won't be any massive wealth transfer. Most Boomer parents are going to die after a long, expensive battle with death. State and Federal governments are set-up so that any medical assistance care is paid for by the deceased's estate. Here is a recent thread about Minnesota. https://www.ar15.com/forums/General/Minnesota-takes-all-your-s-when-you-die-now-/5-2409598/ https://www.verywellhealth.com/how-the-medicaid-estate-recovery-program-works-1738836 It is why if you are a boomer and have assets you want to hand down (and kids that aren't shitbirds), trusts and gifting should be a thing. Wife and I (gen X) plan on sloughing off as much of our wealth and assets as we can to our nieces and nephews before we hit that point. My plan is for my last check I write to bounce. |
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Posted: 1/17/2021 3:09:40 PM EDT
[#7]
Quote HistoryQuoted: Bought my first house in '85. Mortgage rate on it was 11.5%. Yup, we really had it going on back then. 
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Posted: 1/17/2021 3:10:51 PM EDT
[#8]
Quote HistoryQuoted: 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. Your right unfortunately. I wonder how long Amazon will last before it bust. |
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Posted: 1/17/2021 3:11:48 PM EDT
[#9]
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Posted: 1/17/2021 3:11:56 PM EDT
[#10]
Quote HistoryQuoted: It is why if you are a boomer and have assets you want to hand down (and kids that aren't shitbirds), trusts and gifting should be a thing. Wife and I (gen X) plan on sloughing off as much of our wealth and assets as we can to our nieces and nephews before we hit that point. My plan is for my last check I write to bounce. Quote HistoryQuoted: Quoted: Quoted: They may be making way less now, but when their parents start dying off, they'll be worth WAY more than GenX. GenZ will probably never even be able to understand the numbers. I'm curious to see how they handle the massive transfer of wealth -- will they blow it or save/ invest it? Should be interesting. There won't be any massive wealth transfer. Most Boomer parents are going to die after a long, expensive battle with death. State and Federal governments are set-up so that any medical assistance care is paid for by the deceased's estate. Here is a recent thread about Minnesota. https://www.ar15.com/forums/General/Minnesota-takes-all-your-s-when-you-die-now-/5-2409598/ https://www.verywellhealth.com/how-the-medicaid-estate-recovery-program-works-1738836 It is why if you are a boomer and have assets you want to hand down (and kids that aren't shitbirds), trusts and gifting should be a thing. Wife and I (gen X) plan on sloughing off as much of our wealth and assets as we can to our nieces and nephews before we hit that point. My plan is for my last check I write to bounce.  Other than being the most entitled generation this Earth has even seen, I think Boomers might be the most tight-fisted sons of bitches I've ever seen. They'd rather lose it all to the government than give anything to their kids. Millennials are fucked. |
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Posted: 1/17/2021 3:11:57 PM EDT
[#11]
Quote HistoryQuoted: And eat fucking avocado toast every morning! Quote HistoryQuoted: Quoted: I bet they all have $1400 smart phones and $150 a month data plans. Avocados cost like 75 cents a piece. Do you seriously believe millennials are in worse financial shape because they eat something for breakfast every day that costs ~$270 per year? |
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Posted: 1/17/2021 3:11:58 PM EDT
[#12]
Quote HistoryQuoted: One thing I've discovered is it's always easier to blame others when your a f up and fail and do not know how to learn from it and keep doing the same thing over and over. My millennial stepson has become an expert at blaming others for failing and never accepting responsibility for his own actions. It's like he and his generation are the only ones that's had it rough. Grow the hell up. They think that little recession back in ‘08 where they moved home instead of flipping burgers and toughing it out was worse than the Great Depression, lol. How many of them spent their inheritance by living bavk with their folks? |
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Posted: 1/17/2021 3:12:00 PM EDT
[#13]
Quote HistoryQuoted: There won't be any massive wealth transfer. Most Boomer parents are going to die after a long, expensive battle with death. Quote HistoryQuoted: Quoted: They may be making way less now, but when their parents start dying off, they'll be worth WAY more than GenX. GenZ will probably never even be able to understand the numbers. I'm curious to see how they handle the massive transfer of wealth -- will they blow it or save/ invest it? Should be interesting. There won't be any massive wealth transfer. Most Boomer parents are going to die after a long, expensive battle with death. This. "Muh Massive Wealth Transfer" is a great way to identify people who are completely ignorant about the current state of RetirementLand. And all that shit about "Muh Boomers are so wealthy" is ignorant about the fact that while the Boomer generation AS A WHOLE may have accumulated tremendous wealth, it is NOT evenly distributed. It's far more concentrated than people realize. |
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Posted: 1/17/2021 3:12:45 PM EDT
[#14]
Quote HistoryQuoted: The amount of either is immaterial. The amount relative to income matters. Someone making 500K a year is not impacted by either of those amounts. Someone making 20K a year is. The situation is the culmination of a lot of things. I blame good intentions and entitlement mentality. Health insurance becoming a benefit, for example, drove the cost of healthcare through the roof. Government grants and scholarships drove the cost of education through the roof. Free shit is killing the country. Taxing corporations drove business over seas. Open borders kept the cost of manual labor depressed. Yes, the boomers had a lot to do with this, but as someone else said, the greatest generation is also to blame. The education system is pushing socialism and exacerbating the situation. We are aren’t getting out of this fighting each other, we should be focused on defeating socialism My point in bold. Agree with what’s underlined. |
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Posted: 1/17/2021 3:13:42 PM EDT
[#15]
Quote HistoryQuoted: It is why if you are a boomer and have assets you want to hand down (and kids that aren't shitbirds), trusts and gifting should be a thing. Wife and I (gen X) plan on sloughing off as much of our wealth and assets as we can to our nieces and nephews before we hit that point. My plan is for my last check I write to bounce. I hope that’s a tax check, lol. |
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Posted: 1/17/2021 3:14:02 PM EDT
[#16]
Quote HistoryQuoted: Avocados cost like 75 cents a piece. Do you seriously believe millennials are in worse financial shape because they eat something for breakfast every day that costs ~$270 per year? Quote HistoryQuoted: Quoted: Quoted: I bet they all have $1400 smart phones and $150 a month data plans. Avocados cost like 75 cents a piece. Do you seriously believe millennials are in worse financial shape because they eat something for breakfast every day that costs ~$270 per year? that piece of bread that costs 10c from teh store and avocado that costs 75c at the store costs $4.50 at Starbucks. |
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Posted: 1/17/2021 3:14:14 PM EDT
[#17]
Funny the Millenials I know are doing really well.
Population is larger now and being of Millenial age counts everyone even if you just got off the boat so to speak. With the masses, massing at the boarder the number will look worse in a year. Meh I maybe fos |
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Posted: 1/17/2021 3:15:03 PM EDT
[#18]
Quote HistoryQuoted: What screwed America was the feminist movement telling woman that they are worthless unless they are working. Now the family needs two incomes. Have to have 2 people working just to pay rent/mortgage. Forget about tuition the kids are on their own. Used to be Dad could do it all plus vacations. Big business loves it : Lower wages - 2 vehicle loans - 2 gas tanks to feed - more insurance they make out. Not a point that can be discounted. My dad made enough as a single income civil servant to buy a home and a rental property, provide healthcare, pay all the household expenses, buy a new car every now and then and raise two children. We usually went on vacation at least once a year too. My mom didn't go back to work until my younger brother was in school (and she mostly did so out of boredom). The next shoe to drop (other then amnesty) is going to be megacorp capitalizing on the WFH movement brought about by China virus. Why pay Bay Area cost of living wages when you can get coders, support people etc that live in some low cost of living state to do the same job for 1/2 that. Or get the Bangalore bois to to it for 10% of what the silicon valley rate is. Their stock will move up a few points and billionaires will get an extra 0 in their net worth. |
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Posted: 1/17/2021 3:15:25 PM EDT
[#19]
Quote HistoryQuoted: 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. Wrong I did not advise anyone nor did I listen to my parent. Again you fall into that whining a as category that blames others for being a failure in life because your unable to accept responsibility for your actions. It's always easier to blame someone else when you suck at life. |
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Posted: 1/17/2021 3:17:16 PM EDT
[#20]
Has anyone mentioned that the vast majority of people are financially stupid?? Ask around your job.
People dont know; ....how the tax brackets work ....how large tax returns are not ideal ....how health insurance hsa and fsa accounts work ....401k vs regular stock accounts much less the difference between Roth and traditional tax implications ....how to read their paycheck except the net amount ....etc... But they can tell you all about video games, sports, weed, next item to make their honda faster..... 
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Posted: 1/17/2021 3:17:51 PM EDT
[#21]
Quote HistoryQuoted: The young-ins don't realize that it's government that ruined the investment value of their money so that they can't accrue wealth by any means and they're continuing to destroy it to drive the dummies into the arms of big government. The wealthy can still make money in low interest rates because of volume, Joe Blow not so much, lol. Quote HistoryQuoted: Quoted: I don't blame anyone for where we are now a days except those god damned politicians. Every generation was sold a bunk bill of goods under the guise of well- doing. They fucked our ggp, our gp, our parents and now us. And are now past the process of fucking our childrens, childrens generation. They get off on our circular firing squad because they can slip in any bullshit bill while we fight and then can spin it any way they want and we'll go back to fighting. We all are chumps. We just recognize it when it's too late to do anything about it. The young-ins don't realize that it's government that ruined the investment value of their money so that they can't accrue wealth by any means and they're continuing to destroy it to drive the dummies into the arms of big government. The wealthy can still make money in low interest rates because of volume, Joe Blow not so much, lol. I remember in that old "i hit the lottery now what?" thread and the recommendation was to throw most of your money into 20-30 year treasuries for the safety net. I just looked it up and it's running around 1.85% now. In 2010 those were running 4-4.5% most of the year. 
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Posted: 1/17/2021 3:19:13 PM EDT
[#22]
Quote HistoryQuoted: Other than being the most entitled generation this Earth has even seen, I think Boomers might be the most tight-fisted sons of bitches I've ever seen. They'd rather lose it all to the government than give anything to their kids. Millennials are fucked. Quote HistoryQuoted: Quoted: Quoted: Quoted: They may be making way less now, but when their parents start dying off, they'll be worth WAY more than GenX. GenZ will probably never even be able to understand the numbers. I'm curious to see how they handle the massive transfer of wealth -- will they blow it or save/ invest it? Should be interesting. There won't be any massive wealth transfer. Most Boomer parents are going to die after a long, expensive battle with death. State and Federal governments are set-up so that any medical assistance care is paid for by the deceased's estate. Here is a recent thread about Minnesota. https://www.ar15.com/forums/General/Minnesota-takes-all-your-s-when-you-die-now-/5-2409598/ https://www.verywellhealth.com/how-the-medicaid-estate-recovery-program-works-1738836 It is why if you are a boomer and have assets you want to hand down (and kids that aren't shitbirds), trusts and gifting should be a thing. Wife and I (gen X) plan on sloughing off as much of our wealth and assets as we can to our nieces and nephews before we hit that point. My plan is for my last check I write to bounce. Other than being the most entitled generation this Earth has even seen, I think Boomers might be the most tight-fisted sons of bitches I've ever seen. They'd rather lose it all to the government than give anything to their kids. Millennials are fucked. Not from what I have seen. My dad, in laws, and my aunts and uncles are all boomers. Some that have done pretty well for themselves. They are sadly passing on, those who have been their beneficiaries have done well thanks to good estate planning. My brother and my nephew will do pretty well when my dad ages out. I have to make my own way so I am doing what I can to prepare for that inevitability, when I can no longer work. |
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Posted: 1/17/2021 3:19:35 PM EDT
[#23]
Quote HistoryQuoted: This. "Muh Massive Wealth Transfer" is a great way to identify people who are completely ignorant about the current state of RetirementLand. And all that shit about "Muh Boomers are so wealthy" is ignorant about the fact that while the Boomer generation AS A WHOLE may have accumulated tremendous wealth, it is NOT evenly distributed. It's far more concentrated than people realize. Growing the economy doesn’t occur to them, it’s the zero sum bias the leftist media and educational indoctrination instills in them. They always believe that in order for one to do well someone else must suffer. My mother used to say that they don’t know how to build, just tear down. My mom worked a full time job, raised two older siblings and went to night school while pregnant with me to get her MBA, lols... |
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Posted: 1/17/2021 3:20:24 PM EDT
[#24]
Quote HistoryQuoted: The truth of the matter is that your savings are worthless because their investment value is shot to hell. That isn’t Boomer’s fault, it’s government’s and your central bank’s...it’s about to get worse too. And who are the generational interest groups dominating those institutions? It isn't a savings-side issue though, boomers (as a generation, not individuals) do have odd effects but the index funds race hasn't fundamentally changed. The social problem is in steeper financial gates to every life stage. With a little recognition and token BS'ing about new social contracts, it could have been defused into normal kvetching and commiseration about hard times, economic cycles, etc. They weren't. Boomer un-reflectivity caused a doubling, tripling down from deflection to victim blaming to projecting their own laziness and softness onto a harder generation. |
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Posted: 1/17/2021 3:20:50 PM EDT
[#25]
Quote HistoryQuoted: 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.  I'd buy you a beer if I could. This right here is what it means to be responsible for one's own actions and accepting responsibility for one's self. Point is never blame others for your actions or lack of there of |
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Posted: 1/17/2021 3:22:54 PM EDT
[#26]
Quote HistoryQuoted: And who are the generational interest groups dominating those institutions? It isn't a savings-side issue though, boomers (as a generation, not individuals) do have odd effects, the index funds race hasn't fundamentally changed. The social problem is in steeper financial gates to every life stage. With a little recognition and token BS'ing about new social contracts, it could have been defused into normal kvetching and commiseration about hard times, economic cycles, etc. They weren't. Boomer un-reflectivity caused a doubling, tripling down from deflection to victim blaming to projecting their own laziness and softness onto a harder generation. They appear to be multi-generational shysters that want you to run to gubbmint with your hands out. |
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Posted: 1/17/2021 3:23:56 PM EDT
[#27]
Quote HistoryQuoted: Growing the economy doesn’t occur to them, it’s the zero sum bias the leftist media and educational indoctrination instills in them. They always believe that in order for one to do well someone else must suffer. My mother used to say that they don’t know how to build, just tear down. My mom worked a full time job, raised two older siblings and went to night school while pregnant with me to get her MBA, lols... Quote HistoryQuoted: Quoted: This. "Muh Massive Wealth Transfer" is a great way to identify people who are completely ignorant about the current state of RetirementLand. And all that shit about "Muh Boomers are so wealthy" is ignorant about the fact that while the Boomer generation AS A WHOLE may have accumulated tremendous wealth, it is NOT evenly distributed. It's far more concentrated than people realize. Growing the economy doesn’t occur to them, it’s the zero sum bias the leftist media and educational indoctrination instills in them. They always believe that in order for one to do well someone else must suffer. My mother used to say that they don’t know how to build, just tear down. My mom worked a full time job, raised two older siblings and went to night school while pregnant with me to get her MBA, lols... There are a staggering number of liberals who believe all the wealth in the nation is a fixed sum that cannot be grown, only transferred. And they also believe that all that wealth normally should be evenly distributed, so if someone has more wealth than someone else, it's only because the wealthier person exploited the less wealthy. These two erroneous beliefs are the foundation for a shocking amount of Democratic Party public policy. |
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Posted: 1/17/2021 3:25:35 PM EDT
[#28]
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Posted: 1/17/2021 3:25:44 PM EDT
[#29]
We couldn't even repeal Obamacare because the tea party baby boomers that were protesting in 2009/2010 realized that they like young people being forced to pay higher insurance premiums so they could keep their rates down, as well as have absurd benefits like insurance regardless of preexisting conditions. So millennials and now gen Z aren't even going to be able to capitalize on the one thing a young person has going for them, their health. Can't buy a cheap insurance plan.
Really I think that the two older generations are just fundamentally immoral, and for whatever reason they don't realize it. For instance I see kids that graduated in 2019, had a decent job and now they're moving back in with their parents due to the covid economic collapse. Some of them were a little cocky because they had moved fast career-wise compared to those of us that graduated 2009-ish, but that's just a detail and they still deserve to succeed. This is a bad thing for the nation, no one had to tell me that "young people not being able to make money and start families" was bad for the nation. It does not make me happy to see young white-collar kids that did everything correct lose their jobs. Yet for a solid 25 years I have witnessed first the baby boomers and then the genxers come up with a litany of excuses on why a decline in living standards wasn't a problem, and even gloat about how much worse millennials are doing economically. Even now there are people talking about smart phones and avacado toast. |
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Posted: 1/17/2021 3:27:24 PM EDT
[#30]
Boomers started working at what.... 12? Ask these millenials how early they started working. Hell, I'm not even a boomer, and I mowed lawns and had other part-time jobs at 13 or 14. Gosh, when I was in college, I met people 2 years into it that still hadn't even decided what they wanted to study, let alone what field they wanted to work in.
Also, ask them what jobs they've taken to further their career. Not as a job, but as a career. I've always looked at jobs not just as "What does this pay?", but "Where can this take me in my career?". I know a bunch of people that took jobs just to have jobs. Sure, it gave them a paycheck... but it didn't further them in any way. Years back, my wife and I had some friends who pulled the "I wish we could have a job that pays like your husband's, and we could have nice things like you" on us. I smiled and told them "When you're 20 years into your career like I am, I'm sure you will." They were utterly flabbergasted... they had no idea how someone my age at the time could have 20 years in their career. They see a career as something you start after college, but I was started in my career well before I even went to college. That's not to cast negativity on the entire generation... I know some millenials that make some awfully good money. They just took their career seriously, whether that was through experience, education, or both. |
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Posted: 1/17/2021 3:29:15 PM EDT
[#31]
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Posted: 1/17/2021 3:29:33 PM EDT
[#32]
Quote HistoryQuoted: I remember in that old "i hit the lottery now what?" thread and the recommendation was to throw most of your money into 20-30 year treasuries for the safety net. I just looked it up and it's running around 1.85% now. In 2010 those were running 4-4.5% most of the year. It used to be treasuries and bonds were solid bets but now with gubbmint running the deficits and risk they do...yeah, not so much. I know a guy who is quite well off and I asked him how and he said. “I take a ridiculous amount of money from very very wealthy individuals and firms and I grow it a little bit...about 4% average.” |
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Posted: 1/17/2021 3:34:13 PM EDT
[#33]
Personal responsibility is a m-f'er.
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Posted: 1/17/2021 3:34:26 PM EDT
[#34]
Quote HistoryQuoted: Imagine being 65 and only having $18,000 in the bank lol. Quote HistoryQuoted: Quoted: Boomers should be lecturing precisely nobody on financial responsibility, as only 25% of boomers are prepared to retire in spite of the government and Fed literally doing everything to prop boomers up. The median boomer has only $150k saved for retirement, and they are entirely dependent on unsustainable pensions and propped up asset values, hence why the Fed has to bail them out in the form of artificially low interest rates and QE to prop up their home and pension values as well as to enable the federal govt to continue running massive deficits to fund over $2 trillion in annual spending for Medicare and social security alone. This does little to actually help their financial situation as it make the average financially imprudent boomers feel wealthier than they really are. They take advantage of the Fed's welfare by going out and taking on more liabilities like buying a new Mercedes or a HELOC to upgrade their home. Because the Fed has artificially boosted asset prices, young people entering the market for assets right now have to work that much harder to afford assets that are at all time record highs while incomes haven't gone up in tandem. They also have to be wary of the fact that they are buying into a massive bubble. If the Fed wasn't propping up the equity and real estate markets for the boomers, boomers would be even more broke than they are now. Imagine living through the most prolonged period of economic expansion and only having $150k saved between all your assets. Pathetic. Now everyone else has to suffer for boomer's failure to prepare for their retirement. But by all means, lecture people on owning smartphones and eating avocado toast. https://i.imgur.com/Pto2FNh.png Imagine being 65 and only having $18,000 in the bank lol. Yep, scary. Always wonder though how much did they piss down a rope paying for their adult kids schooling and handing over cash by the fistful when their kid popped out or sired a few rugrats of their own with no income worth a damn. I know several ladies at work who should be retired save for the fact they have been paying quite a lot for their adult children who have children but have no will to bust their ass to pay for them. And co-signing for college debt...........incredibly stupid for anything other then real income producing stem degrees. |
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Posted: 1/17/2021 3:35:17 PM EDT
[#35]
Some of the views in this thread are representative of why this country just voted for a full Democrat regime.
The data shows that Millennials, as a generation, save proportionally more of their income than Boomers did; all the while, wages are stagnating, the costs of education/housing/healthcare have skyrocketed, jobs have been outsourced, and Millennials still control less wealth than the Boomers did at their age. I'll give you a hint here--That's not because some of the Millennials like to spend an extra $20 eating out every now and then. It's representative of a much deeper, systemic set of economic problems that the Millennial and Zoomer generations have been stuck with. Most Boomers, in my experience, refuse to even acknowledge the myriad problems they've created and instead blame it on "bUt MiLleNnIaLs HaVe NeTfLiX sUbScRiPtIoNs." And now we're all shocked that they voted Democrat to try and get some slightly more socialist policies into place. Gee, I wonder why. In a way, you could say Boomers are ultimately responsible for the rise of socialism in the United States.
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Posted: 1/17/2021 3:35:28 PM EDT
[#36]
Quote HistoryQuoted: I guess shipping our manufacturing base overseas and inviting the entire world to participate in our labor market isn't a recipe for success? This Nov 2020 new guy gets it. And on post #87. |
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Posted: 1/17/2021 3:36:20 PM EDT
[#37]
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Posted: 1/17/2021 3:36:45 PM EDT
[#38]
Quote HistoryQuoted: Bought my first house in '85. Mortgage rate on it was 11.5%. Yup, we really had it going on back then. Was it 300k? Did you ever refinance? |
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Posted: 1/17/2021 3:37:20 PM EDT
[#39]
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Posted: 1/17/2021 3:39:02 PM EDT
[#40]
Quote HistoryQuoted: Gen X quietly sits there and pokes at both sides for the lulz. Quote HistoryQuoted: Quoted: Jfc another millennial vs boomer thread Gen X quietly sits there and pokes at both sides for the lulz. 
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Posted: 1/17/2021 3:39:37 PM EDT
[#41]
The boomers sold us out to China and India and invested the huge wealth they inherited from their parents over seas.
They could have chosen central and south America even, and could have still prospered immensely and the western hemisphere would be as close to paradise as it gets. We wouldn't have people beating at the border, they would be thriving. Instead they chose to sell Americas future to the commies for a few extra pennies. The ones that actually have businesses here bitch about paying someone a livable wage and expect applicants to have a degree in rocket science to work the counter for their rental car business. They have 0 desire to train employees, and blame the applicants for not having experience. Im at the oldest end for Millennials. The younger ones have it a lot worse than i had it. I was lucky enough to grind and make it on my own, but according to boomers on GD, im still considered one of the poors. I have nothing to complain about. I live a happy life, and have everything i need. But there are gonna be a lot of younger people than me struggleing into the future. |
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Posted: 1/17/2021 3:39:59 PM EDT
[#42]
Quote HistoryQuoted: Funny the Millenials I know are doing really well. Population is larger now and being of Millenial age counts everyone even if you just got off the boat so to speak. With the masses, massing at the boarder the number will look worse in a year. Meh I maybe fos I agree with you. Then again I can't stand losers that refuse to accept responsibility for their actions and blame others and still live at mommies. Take arfcom, a prime example. I see new accts or members that are new or just a few years old with thousands of posts. I wonder to myself how the hell can they work, have a life much less a relationship. When they spend that kind of time on line here. My wife gets angry if I stay on here all day. LOL but seriously how can you honestly read and post like that and have a life to work and live. Unless it's your job to post on line and cause animosity among members on forums you are hired to infiltrate and do so. This entire post is nothing but sht posting on one generation and the other. It seems to be the same old people saying the same hateful crap to keep the fuel going. Until post is locked and members get time outs or banned. Same people every time fanning the flames of discord in arfcom. The list of people to be banned grows when dump comes |
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Posted: 1/17/2021 3:42:45 PM EDT
[#43]
Boomer here. This is all y'all need to know:
But replace it with "Spanish"  The Graduate "One Word: Plastics" |
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Posted: 1/17/2021 3:43:07 PM EDT
[#44]
Quote HistoryQuoted: Boomers started working at what.... 12? Ask these millenials how early they started working. Hell, I'm not even a boomer, and I mowed lawns and had other part-time jobs at 13 or 14. Gosh, when I was in college, I met people 2 years into it that still hadn't even decided what they wanted to study, let alone what field they wanted to work in. Also, ask them what jobs they've taken to further their career. Not as a job, but as a career. I've always looked at jobs not just as "What does this pay?", but "Where can this take me in my career?". I know a bunch of people that took jobs just to have jobs. Sure, it gave them a paycheck... but it didn't further them in any way. Years back, my wife and I had some friends who pulled the "I wish we could have a job that pays like your husband's, and we could have nice things like you" on us. I smiled and told them "When you're 20 years into your career like I am, I'm sure you will." They were utterly flabbergasted... they had no idea how someone my age at the time could have 20 years in their career. They see a career as something you start after college, but I was started in my career well before I even went to college. That's not to cast negativity on the entire generation... I know some millenials that make some awfully good money. They just took their career seriously, whether that was through experience, education, or both. Yep, I was working by 12, even at 10 I was dragging a lawn mower to senior mobile home parks and mowing lawns. I could make $100 a day [saturday] working from dawn to dusk. I'd charge 2 or 3 bucks a lawn. [postage stamp size] Hard work but damn good money for the very early 70's. I have NEVER had a kid ask to mow my lawn as an adult even when I lived in a subdivision my entire adult life and I'm pushing 60. Even shoveling a drive, nope, never been asked. Used to do it all the time as a kid. [I'd rather mow lawns ]
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Posted: 1/17/2021 3:44:12 PM EDT
[#45]
Quote HistoryQuoted: 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. All if this + the boomers shutting down the entire country because of Covid-19. "Damn kids are ruining this country" Oh yeah, well, you raised those damn kids.. |
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Posted: 1/17/2021 3:44:58 PM EDT
[#46]
Quote HistoryQuoted: Boomers started working at what.... 12? Ask these millenials how early they started working. Hell, I'm not even a boomer, and I mowed lawns and had other part-time jobs at 13 or 14. Gosh, when I was in college, I met people 2 years into it that still hadn't even decided what they wanted to study, let alone what field they wanted to work in. Also, ask them what jobs they've taken to further their career. Not as a job, but as a career. I've always looked at jobs not just as "What does this pay?", but "Where can this take me in my career?". I know a bunch of people that took jobs just to have jobs. Sure, it gave them a paycheck... but it didn't further them in any way. Years back, my wife and I had some friends who pulled the "I wish we could have a job that pays like your husband's, and we could have nice things like you" on us. I smiled and told them "When you're 20 years into your career like I am, I'm sure you will." They were utterly flabbergasted... they had no idea how someone my age at the time could have 20 years in their career. They see a career as something you start after college, but I was started in my career well before I even went to college. That's not to cast negativity on the entire generation... I know some millenials that make some awfully good money. They just took their career seriously, whether that was through experience, education, or both. Another responsible adult that took control of his future. I'm sure this man experienced both up's and downs in his life. I bet he never blamed anyone and learned from his mistakes  |
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Posted: 1/17/2021 3:45:16 PM EDT
[#47]
Quote HistoryQuoted: Boomer here. This is all y'all need to know: But replace it with "Spanish"  https://www.youtube.com/watch?v=PSxihhBzCjkBack then, that was actually pretty good advice. |
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Posted: 1/17/2021 3:46:16 PM EDT
[#48]
Quote HistoryQuoted: Yep, I was working by 12, even at 10 I was dragging a lawn mower to senior mobile home parks and mowing lawns. I could make $100 a day [saturday] working from dawn to dusk. I'd charge 2 or 3 bucks a lawn. [postage stamp size] Hard work but damn good money for the very early 70's. I have NEVER had a kid ask to mow my lawn as an adult even when I lived in a subdivision my entire adult life and I'm pushing 60. Even shoveling a drive, nope, never been asked. Used to do it all the time as a kid. [I'd rather mow lawns ] Attached File |
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Posted: 1/17/2021 3:48:00 PM EDT
[#49]
Quote HistoryQuoted: Boomer here. This is all y'all need to know: But replace it with "Spanish" https://www.youtube.com/watch?v=PSxihhBzCjkSpanish would not be the worst and still valid today, but 20 years ago until today learning Chinese would have made you more money though. I think that period is passing though, have to be on the next thing not the last fad. |
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Posted: 1/17/2021 3:50:17 PM EDT
[#50]
Quote Historyfixed  Attached FileThese threads always have a bunch of Latch-Key Gen Xers yellin' "witness me mom and dad!" |
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