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Millennials Don’t Stand a Chance: They’re facing a second once-in-a-lifetime downturn at a crucial moment.
The Atlantic ^ | April 13, 2020 | Annie Lowrey

Posted on 04/13/2020 12:50:24 PM PDT by C19fan

Hello, lost generation. The Millennials entered the workforce during the worst downturn since the Great Depression. Saddled with debt, unable to accumulate wealth, and stuck in low-benefit, dead-end jobs, they never gained the financial security that their parents, grandparents, or even older siblings enjoyed. They are now entering their peak earning years in the midst of an economic cataclysm more severe than the Great Recession, near guaranteeing that they will be the first generation in modern American history to end up poorer than their parents.

(Excerpt) Read more at theatlantic.com ...


TOPICS: Society
KEYWORDS: 2020election; annielowrey; dnctalkingpoint; dnctalkingpoints; election2020; generations; mediawingofthednc; partisanmediashills; presstitutes; smearmachine; theatlantic
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Playing sad music on my Planck Length violin.
1 posted on 04/13/2020 12:50:24 PM PDT by C19fan
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To: All
They went to college in record numbers.

Making a college degree useless as a signal of one has the skills and attitude to be a good employee. Getting a degree in Studies is a destruction of human capital.

2 posted on 04/13/2020 12:53:03 PM PDT by C19fan
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To: C19fan

They’re in real trouble. They have been conditioned to stand around with their hand out ... AS IF that’s going to solve their problems.

You get on your feet by getting off your A^%!


3 posted on 04/13/2020 12:53:24 PM PDT by SMARTY ("Nobility is defined by the demands it makes on us - by obligations, not by rights".)
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To: C19fan

These little dipsh&&s are inheriting a lot more than their fathers and grandfathers. They don’t have to ruin their manicures with dirty old rifles and war. Now they’ll have to do what they should’ve done already. Save money and stuff.


4 posted on 04/13/2020 12:53:47 PM PDT by albie
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To: C19fan

OK, doomers.

Let them emigrate to a progressive paradise. Like China.


5 posted on 04/13/2020 12:55:46 PM PDT by rfp1234 (Caveat Emperor)
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To: C19fan

I’m a millennial. 9/11, financial crisis and now COVID-19 pandemic. Not so lucky. But there’s money to be made. Buy stocks when they’re cheap and sell when they’re expensive.


6 posted on 04/13/2020 12:56:45 PM PDT by MinorityRepublican
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To: C19fan

Wow, what total dickheaded comments being posted on this thread...


7 posted on 04/13/2020 12:57:02 PM PDT by central_va (I won't be reconstructed and I do not give a damn....)
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To: C19fan
It means Great Depression–type precarity for prime-age workers in the richest country on earth.

Grossly Understated!
8 posted on 04/13/2020 12:57:16 PM PDT by eyeamok
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To: C19fan

Their faith in technology will sustain them.


9 posted on 04/13/2020 12:57:55 PM PDT by BusterDog
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To: C19fan

Look at the bright side, they can camp on their parents sofas for another 20 years and then inherit their estate.


10 posted on 04/13/2020 12:59:04 PM PDT by 1Old Pro
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To: C19fan

You got any kids or grandkids? Do you want a future for them? Or do you just hate all humanity?


11 posted on 04/13/2020 12:59:05 PM PDT by abb
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To: C19fan

I don’t remember the financial security described here.
Pretty sure I joined the Marine Corps at seventeen and the military didn’t even pretend to pay what civilian life pays.

In fact, they wanted you to serve a term or two and get out, so that you could be part of a trained cadre they could call back up if needed and so they didn’t owe you a pension. All of that was above board and you knew it going in.

Job security? Entire industries were becoming obsolete and dumping competitive and competent competition against you on the market. The rise of photocopiers dumped thousands of typists on the market. All of them also had administrative experience that you didn’t have coming straight from high school or even from college.

So sad for all of the pajama boys.


12 posted on 04/13/2020 1:01:01 PM PDT by MrEdd (Caveat Emptor)
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To: C19fan

My grandparents survived the Irish famine (2 were orphans) came to America as children and lived through 2 World Wars and a depression. All with no social safety net. They all ending up owning their homes and living better than their parents. God only knows what my great grandparents had to do to survive. I only knew one and she didn’t talk about the past.


13 posted on 04/13/2020 1:01:05 PM PDT by outpostinmass2
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To: central_va

I couldn’t agree more. Flaming arseholes.


14 posted on 04/13/2020 1:01:38 PM PDT by Magic Fingers (Political correctness mutates in order to remain virulent.)
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To: central_va

Almost as if people didn’t live the comfortably secure life the author ascribed to them.


15 posted on 04/13/2020 1:03:37 PM PDT by MrEdd (Caveat Emptor)
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To: albie
They’re inheriting less than their fathers, statistically. That’s part of the problem outlined in the article. And while the Iraq and Afghanistan wars haven’t been meat-grinders on the scale of WW2, Korea and Vietnam, in them millennials have fought the longest war in American history — on an all-volunteer basis to boot.

In short, you’re coming across as a misanthropic jackass talking out of his butt.

16 posted on 04/13/2020 1:03:43 PM PDT by TheDandyMan
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To: C19fan

I have some sympathy. Most were raised to believe a college degree was the holy grail. You can’t help how you were raised - what else do you have to go on?

Those of different generations should provide leadership and support. These are the next generation. Lots of good people in it.


17 posted on 04/13/2020 1:04:47 PM PDT by Persevero (I am afraid propriety has been set at naught. - Jane Austen)
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To: SMARTY

My Daddy (a product of both the Great Depression and World War II, where he served honorably in the Pacific) used to tell me that God gave you two hands, two feet and one ass, you were supposed to spend at least twice the time working as you did sitting.


18 posted on 04/13/2020 1:05:02 PM PDT by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
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To: TheDandyMan

For everyone’s edification.

https://www.merriam-webster.com/dictionary/misanthropic
:marked by a hatred or contempt for humankind


19 posted on 04/13/2020 1:06:19 PM PDT by abb
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To: MinorityRepublican

I have millennial kids and they are doing at least ok financially; some are thriving.

But we raised them with a conservative Christian world view and we all take care of each other


20 posted on 04/13/2020 1:06:22 PM PDT by Persevero (I am afraid propriety has been set at naught. - Jane Austen)
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