Posted on 11/19/2017 7:58:27 AM PST by davikkm
Debt-ridden Millennials just can’t handle real life. Hit with a never before seen amount of debt and facing a shifting and hollowing job market, it’s little wonder that a shocking number of Millennials say they are having a crisis at their current point in life when they are supposed to be finding out who they are and what their life is all about.
A LinkedIn survey of 2,000 Millennials shared by Moneyish revealed that 72% of young professionals aged 25 to 33 confessed to being in a quarter-life crisis, or a period of self-doubt and insecurity that leads them to question their choices they have made in life so far, especially in regard to relationships and career paths.
A small amount of disposable income, mountains of debt, and an uncertain employment market will cause this kind of anxiety and questioning for a young man or woman.
(Excerpt) Read more at investmentwatchblog.com ...
>> and he’s not buying a home despite record low interest rates
Record high pricing in Houston (even before floods destroyed whole neighborhoods).
Price is double 20 years ago (average was 125k now is 250k).
https://www.economist.com/blogs/graphicdetail/2016/08/daily-chart-20
And it’s a global problem. Globalism has been horrible for the first world nations. But wonderful for the million dollar and billion dollar globalists/marxists.
http://thehousingbubbleblog.com/index.html
“At the end of July 2017, according to Domain Group, the median house price in Sydney was $1,178,417(AU) and the Australian Bureau of Statistics has the latest average pre-tax wage at $80,277.60 and average household income of $91,000 for this city. This makes the median house price to household income ratio for Sydney 13x, or over 2.6 times the threshold of ’severely unaffordable.’ Melbourne is 9.6x.”
“This is before tax, and before any basic expenses. The average person takes home $61,034.60 per annum, and so to buy the average house they would have to save for 19.3 years — but only if they decided to forgo the basics such as, eating. This is neglecting any interest costs if one were to borrow the money, which at current rates would approximately double the total purchase cost and blow out the time to repay to around 40 years.”
Hahaha. Toughen up, snowflakes. Life is very difficult for weenies.
Denis Leary has a priceless bit (not for tender ears!) on how he can't get a cup of coffee-flavored coffee.
It feels good to point at the stupid kids and laugh for being foolish at a point in their lives when they should expect to be foolish.
I wonder who is going to be laughing when all that bad student loan debt has to be written off the balance sheets because a critical mass of millennials can’t pay those debts so they can turn around and get into mortgage debt so that shell game can stay propped up.
A lot of millennials don’t seem to have much of a work ethic or understand the concept of self reliance. They seem to have an unhealthy sense of entitlement (because they have a degree in some worthless field) and they have a tendency to be attracted to the idea of being taken care of by a ‘benevolent’ government.
The day of Day of Reckoning is rapidly approaching for them. Eventually they will come to see that they have been conned by liberals in the media, education and government into believing that a collective political ideology will provide for them in the future. They are in for a very rude awakening.
That’s what happens when every child who plays a sport gets a trophy and the education system of group thought doesn’t teach a child to make up their own mind.
“It’s Collectivism vs. Individualism”
http://www.raythomas101.com/Col_v_ind.html
article excerpt:
People think the basic conflict today is between liberals and conservatives. It’s not. It’s between believers in collectivism and those who believe in individualism. They think that it is the difference between simply their own definition of “compassion” and “mean-spiritedness.” It isn’t that. at all. It’s the difference between collectivism and individualism.
Collectivism is really pretty simple, no matter how much collectivists want to complicate it so you will not understand what they’re trying to put over on you. It is defined thusly by one of the best known collectivists, Karl Marx, author of communism, in his “tome,” the “Communist Manifesto:” “From each according to his ability, and to each according to his need.” Meaning it is okay to :take from one who earned it and give that taken to those who did not. This gave permission for government to steal from one and give to another to gain power over both.
“...when they are supposed to be finding out who they are and what their life is all about....”
Oh, please.
“Reality will slap most of them in face hard enough to knock sense into them.”
...Unless they insist on doing everything the hard way. They’ll have to realize that having a comfortable level of self-esteem is not one of their constitutional rights.
Unfortunately, the proportion in the hotbed of liberalism that we live in seems to lean toward the worthless, but we do know responsible millennials as well. The biggest problem I see with many in this age group is that instead of competing to accomplish goals, a large number compete for victim-hood.
So I was talking to a millennial woman the other day who works as a school teacher. We love her dearly, and she is a good person but she was telling me how much harder things are now for women than when we were her age. She said that women are now expected to have careers and raise kids. So she and her husband have decided not to have children because it is bad for the environment. She spoke with such conviction that I just couldn't bring myself to contradict her. She drives around in a brand new Fiat that she paid approximately $40,000 for.
My wife, when she was her age had to divorce her deadbeat husband who refused to work and managed to get himself convicted of stealing old people's social security checks. She held down a full time job and two part time jobs while taking care of her two kids. She took her toddler and baby with her when she cleaned restaurants at night after business hours. Her biggest thrill... she was allowed to keep change that drunk people had dropped on the floor in the bars. Sometimes she would manage to come home with her pockets stuffed with an extra $20 in change. She worked until 4 in the morning, then went home and slept for an hour or two before getting dressed to go to work at a nursing home and dropping her kids off at a baby sitters house.
In very general terms a lot do seem to loathe realtime human contact and seem to lack a sense of consideration. I've seen it in my business. Some of them are nice kids, some are a PITA. Just humans.
Hell, I wondered around till I was in my late 30's without the college brainwashing.d;^)
When I was in my late teens and early 20’s I worked three Jobs and went to Night School.
I didn’t have time to have a quarter life crisis.
Success takes time. But in today’s instant gratification culture, too many are far too inpatient. Take a deep breath. Put in the work. One day, you will be happy and working in a job that you enjoy and find worthwhile. It won’t happen overnight and you won’t get there right away. But that is life. The struggle is the journey. You will find your happy place sooner or later.
I had this discussion with a millennial this week at work. Sincere, highly motivated, fairly good worker, but wants to be doing what I do (actually just what he sees of my job-if he shadowed me for a day, it would be a different story) and attempted to try it.
When he asked me what he should be doing, I told him to do the work he was hired to do well and eventually there will be a time for an idea he could execute and there will be a time he's tapped for a project or a different position. (That's the culture in our workplace)
He turned white as a sheet when I told him I did that for twelve years before earning the position I currently have.
I have to say I have a great job and to a twenty-something in our field it can look glamorous. He's the fourth one I've spoken with about doing what I do. However, they don't see the crap work and high-level accountability that comes with the fun stuff.
“MORONialls”
Good one.
Reality will have to outweigh liberal fantasy land if Millenials are to change. Too bad they have an education system, media, and entertainment industry that have filled their minds full of liberal gunk their whole lives.
“So I was talking to a millennial woman the other day who works as a school teacher...she was telling me how much harder things are now for women than when we were her age. She said that women are now expected to have careers and raise kids.”
*****************
Your friend has it easier than a lot of other women who work in more demanding jobs. She has a secure, salaried 9 to 5 type of job, no out-of-town travelling, and the luxury of having summer’s off. Many women working in the private sector have much tougher working conditions and are subjected to more demanding performance expectations in a highly competitive working environment.
I’m a male but have great respect women who can balance the demands of work and family. Not easy to do, that’s for sure.
And furthermore, should they experience an economy that ran at 3% before Obummber, hopefully they will reward Trump and other politicians for allowing capitalism to happen.
Reality will have to outweigh liberal fantasy land if Millenials are to change.
**************
Its a little surprising that Millennials haven’t yet figured out how much they have been conned by both the liberal establishment that wants their votes and the Baby Boomers who want them to pay for their social security.
The Millennials were duped big time and they haven’t figured it out yet.
What a load of crap. So everyone who was born between year X and Y is a loser?
The stupid burns.
I work with and know numerous young people who are absolutely awesome in spite of the continuous screwing they’re getting from the political class.
Politics is a scam and we’re suckers for playing.
They have been brainwashed to believe that personal advancement and individual responsibility and are symptoms of greed and selfishness. Its going to hard to break their liberal mindset after so many years of indoctrination.
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