Posted on 01/15/2017 7:17:28 AM PST by Sir Napsalot
Baby Boomers: your millennial children are worse off than you.
With a median household income of $40,581, millennials earn 20 percent less than boomers did at the same stage of life, despite being better educated, according to a new analysis of Federal Reserve data by the advocacy group Young Invincibles.
The analysis being released Friday gives concrete details about a troubling generational divide that helps to explain much of the anxiety that defined the 2016 election. Millennials have half the net worth of boomers. Their home ownership rate is lower, while their student debt is drastically higher.
The generational gap is a central dilemma for the incoming presidency of Donald Trump, who essentially pledged a return to the prosperity of post-World War II America. The analysis also hints at the issues of culture and identity that divided many voters, showing that white millennials — who still earn much more than their blacks and Latino peers — have seen their incomes plummet the most relative to boomers.
(Excerpt) Read more at cnbc.com ...
I only highlighted one sentenced to make my point.
===> Better educated about what?
Recently my alma mater offers up a new "Problem of Whiteness" class ........ the MBB players grand-standing 'social justice' because of their visibility and with the full blessings of the university/coaching staff, etc etc
The academic environment is drastically different when I was attending there (showing my age here), the goal of churning out their graduates also completely different. Yet I don't see any directional change from any of the higher learning institutions, almost all of them state that they want their alumni 'change the world'.
Sure, during my time, our goal of changing the world is to invent or produce the next big thing that the world needs (or didn't know it needs). Now it seems 'changing the world' is social shaming or to completely stifle non-PC approved thinking.
So again, I ask, the millennials are 'better educated', but about what?
/Thanks for reading, rant off
Millenials don’t have Savings Bonds or decent interest income to help finance their education. They’re living hand to mouth, praying their elders don’t drain the family home by a reverse mortgage so they can get something when the old folks die.
Import massive numbers of 3rd world immigrants and invaders and this is what you get.
“despite being better educated”
My mother graduated high school in 1960. I will put her up against almost any college grad today.
The wealth of ignorance shared by todays college kids often astounds me
“Better educated”
In those days, an education was better and went further. Now, we have special snowflakes in safe spaces being indoctrinated by Marxist holdovers, taught literally nothing.
This is what happens when we let the “cool kids”, “the in crowd” or as I always preferred to call them the “socies” run everything.
You’ve hit the nail on the head and sent it through the board.
Many, if not most, college degrees are worthless.
And the colleges, while pontificating about “for prophet” firms, keep sucking in money from suckers who actually think that the third grade level idiots masquerading as professors actually are capable of advanced thought.
The Social Justice Warriors being trained in our Leftist universities will have an even worse time making it in the real world. Any dopey robot will be able to replace these glittering jewels of ignorance at the bar at Starbuck’s.
I disagree. Millennials are not better educated. They may be more savvy with electronic devices, but they are stupid. Do not understand history or civics.
Millennials who live debt free, particularly free of school debt, will do okay.
If they learn multiple USEFUL skills, they will be in demand and prosper.
Orthodox belief in official circle for many decades is that if we funnel huge amounts of money to teachers unions and university academics (if we “value education”) then the national economy will grow.
It is not true.
Time to find another way. Education is okay. But the Intellectual Class is a non-productive class and we have allowed it to get too big. People with degrees in Gender Studies are not getting ahead? It’s no surprise.
Best of all, not one is a bed-wetting liberal.
Better educated? Hahahahahahahahahahahahahahahaha!
More educated is not better educated.
Unless of course you hold the student loan bank. Then it’s a gold mine.
My experience with Melinials that I have hired and my own kids is that they lack the internal drive, self motivation and work ethic to be successful in this tough world. Some how we blew it in getting the message across that hard work pays off.
... a new “Problem of Whiteness” class...
The only problem I have is being prone to sunburn
Fault millennials all you want and some of it will be deserved, but in case no one has noticed, the economy has been circling the drain for a decade. Of course they’re falling behind their parents. They’d have fallen behind if they were the absolute paragon of hard work and diligence.
When I was 25 I was leaving the army with nothing.
Oh, I did have a college degree, he did not, so I suspect I was better “educated” than he was at the same point in our time lines.
So, as far as my history goes, I guess I would have been equal to today's millennials. The point of this exercise is not what you have in any point of time, it is what you did from that point forward. In asset accumulation I did much better than my dad but that is not the whole story...he did far better than I in raising a family.
I keyed off of the same phrase too.
They may technically be more educated in the sense that they have attended institutions of learning longer. What they have learned, or more properly not learned during that tenure defines the degree of their education.
A major reason they required more time to be educated is that their primary and secondary education left them lacking even the most basic skills required for higher education. Many students spend their first years in college taking no credit remedial courses.
It can be argued that some material presented as education is more correctly defined as social indoctrination. For example, classroom activities now includes all sorts of artificial social mandates to be met regarding gender neutrality and institutional punishment options for "micro-aggression" which in reality is punishment for individuality and free thinking.
Stifling individuality and free thinking is the antithesis of higher education.
The millennials are Not better educated... want tons of free stuff ( free is never really free ) and have less common sense.
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