Posted on 06/21/2018 2:19:46 PM PDT by rickmichaels
“Sorry, your generation is screwed also. “
—
No it isn’t,I’ve been collecting SS for years.
.
One of the points of being a good steward is leaving something behind better than how you got it. ‘We’ have failed as a country at doing that for a long time. Every generation fails in some regard. Those failures add up. The compound interest on failure is a ruined country.
It is the opportunities you make for yourself, not what someone hands you. According to the article, I must have raised 6 sigma kids. My daughter is 32, got an education, got married, set a goal, made a plan, worked the plan and is now a millionaire. My son is 26 and is on the same path.
Millenials need to quit whining, take stock and get to work.
Lots of young couples (married or co-habitors) want much better than their parents are living in. They also have children (either in or out of wedlock) that they expect others to take care of for them. Must haves are latest entertainment gadgets, highest speed internet, latest I-phones, both partners have newest cars, etc. They also don’t do any at home meals and wear the latest trendsetting duds. And these are couples just starting out. If income outgo is more than income, they just file a bankruptcy, wash and repeat. They only live in the moment.
Wife and I both retired at 62 - didn’t blow everything while we were working because we wanted to have a comfortable retirement - part of being prepared for tomorrow is to not blow your whole wad today....
That's right -- the man who wants us all to live on other people's money.
The name Alicia Munnel rings a very bad bell. I think she is a hard left academic.
Just another whining libtard with more parchment than common sense; nothing here to see.
I mostly blame free trade and globalism. We allowed too much production and good jobs to go to Asia/China. Plus Mexico with idiotic NAFTA.
This was going to happen anyway but much more slowly. Washington DC swampers, Wall Street and the powers that be greatly accelerated globalsim and the rise of China via free trade. Thus our economy is too much of a hollow financialized economy. Where rising home prices are a huge deal as far as one’s wealth.
-—they often dress or party as if they’re still in their twenties.-—
I have friends that graduated from the University of Tennessee party school that dress and party as if in their twenties and they are in their very late 70’s.
In a meritocracy, wages do not increase for those who do not merit a raise. The coming wage inflation will change that but the raise will not be of benefit because it will be part of the general inflation.
The general inflation will devalue both student loan and the federal debt
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.