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Millennials waking up to grim financial future left by baby boomers — and they're angry
Financial Post ^ | June 21, 2018 | Ben Steverman

Posted on 06/21/2018 2:19:46 PM PDT by rickmichaels

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To: Eddie01

Your son sounds like he will be successful. Well done.
Those kids are still out there. They just may seem overshadowed by the vocal liberal ones.


41 posted on 06/21/2018 2:38:14 PM PDT by plain talk
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To: Snickering Hound

bttt


42 posted on 06/21/2018 2:38:46 PM PDT by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: Eddie01

Congradulations looks like you did a good job!


43 posted on 06/21/2018 2:38:55 PM PDT by Midnitethecat
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To: rickmichaels

Almost time to liquidate the 401k so the govt can’t use it for a “fix”.


44 posted on 06/21/2018 2:39:19 PM PDT by dgbrown
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To: NEMDF

.
Don’t forget the lack of basic functional education.

Common Whore just doesn’t cut it.
.


45 posted on 06/21/2018 2:39:50 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: FrankR
Don’t be lecturing us “boomers”...all we did was live our lives, as best we could, under 28 years of liberal/RINO administrations.

Spot on. If conservatives had been fully running things the millennial would have been set up well.

46 posted on 06/21/2018 2:40:39 PM PDT by plain talk
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To: rickmichaels
You think they're mad, literally my whole life they've been predicting that Social Security is going to go broke the day I retire. I'm sure it's true, I am not counting on it at all. But I will pay into it every single day of my working life for the priveledge of not seeing a dime back. At least millenials will get a break in 15 years when it collapses.

Of course at some point the government will probably come for the 401Ks to keep it going for another couple of months and there goes all my years of planning. But what can I do about that? Nothin',

47 posted on 06/21/2018 2:41:25 PM PDT by pepsi_junkie (Russians couldnt have done a better job destroying sacred American institutions than Democrats have)
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To: rickmichaels

It will be very ugly and it was by design. You have to impoverish people in order to turn them into communists.


48 posted on 06/21/2018 2:43:11 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death by cults.)
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To: Snickering Hound

Ivw been preaching this ‘alternative’ path for the last 5 years.

Also keeps them out of the ‘Social Engineering’ stuff.


49 posted on 06/21/2018 2:45:55 PM PDT by Scrambler Bob (You know that I am full of /S)
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To: editor-surveyor

Yes. I suppose they are “victims” in that way (having been influenced by liberal educators), but it is not a fate from which they cannot escape and move forward.


50 posted on 06/21/2018 2:46:40 PM PDT by NEMDF
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To: Diana in Wisconsin

My sons are 36 and 39.Never had a student loan,make 6 figures,abd have work with companies that have pensions


51 posted on 06/21/2018 2:48:09 PM PDT by Renegade
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To: Scrambler Bob

http://www.lit.edu/depts/technology/programs/CULT.aspx

You want to be a hero? Get your certificate in a year as a lineman.

And get paid really well when the hurricanes and blizzards hit and knock out power with the overtime.


52 posted on 06/21/2018 2:51:11 PM PDT by Snickering Hound
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To: Eddie01

Congrats to him and you....sounds like he has a brilliant future if the demonrats don’t completely destroy the country...


53 posted on 06/21/2018 2:51:57 PM PDT by TnTnTn
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To: rickmichaels

I “retired” a couple of years ago after continuously working since age 16. Every time I look at that SS-4 yearly earnings review, I think back over the jobs I had to take over all those years to support and raise my family. I worked my butt off for what little bit we have now, but the kids are raised, educated and out working on their own. I look at that form, especially all the taxes, both income & SS, I paid over all those years and it then becomes disgusting. Yeah, I’m to blame that these little snots aren’t gonna make a million dollars on their first job. They can stick it where the sun don’t shine and welcome to the taste of Real Life 101.


54 posted on 06/21/2018 2:52:01 PM PDT by lgjhn23 (It's easy to be liberal when you're dumber than a box of rocks.)
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To: rickmichaels

I’m a Boomer and I remember when I was young I pissed off at the mess our parents were leaving us. The sad thing is, we did nothing to turn that mess around.


55 posted on 06/21/2018 2:54:26 PM PDT by AlaskaErik (I served and protected my country for 31 years. Progressives spent that time trying to destroy it.)
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To: pepsi_junkie
You think they're mad, literally my whole life they've been predicting that Social Security is going to go broke the day I retire. I'm sure it's true, I am not counting on it at all. But I will pay into it every single day of my working life for the priveledge of not seeing a dime back.

It is predicted to go broke when I turn 62, give or take a year, so I echo your thoughts. I am expecting, should I have a buck or two in the bank and some assets at that time, being told "no Social Security for you" and to come back when I'm dead broke with tin cup in hand.

Those who never bothered to save because they would rather have "stuff" and have it now, and spent their time partying and shooting out babies they couldn't afford will be given what I worked for and was forced to pay over.

I have not the words for the anger.
56 posted on 06/21/2018 2:56:21 PM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: rickmichaels

A very large percentage of the next generations are immigrant derived people from third world countries thanks to Teddy Kennedy and and the open borders crowd.

WTH did everybody expect?


57 posted on 06/21/2018 2:56:53 PM PDT by umgud
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To: Adder

You can’t argue with Millennials, their edjumacated(or do they think)and we are all ignorant(so they believe). The only baby boomers to blame for the state of millennials and the country today are the socialist teachers and democrats.


58 posted on 06/21/2018 2:56:56 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: Dilbert San Diego

“We could all say a lot about this . I’ll leave it at that.”

Yes you certainly could :-).

On a side note, as a Gen-Xer, I am now supposed to be programmed to hate Baby Boomers because of idiots that write articles like this ... I’m sure the Millenials will hate me and the Gen-Z will hate Millenials, but I guess we are all supposed to hate Boomers since Donald Trump was elected only by old white guys like yourself :-) .

I guess the media now wants to divide us by age much like they’ve divided us by skin color and heritage ... amazing.

I think all generations would be better off if we’d all realize that the media are a bunch of blithering idiots and should be ignored. Moreover, since the media pretty much owns the Democratic Party, that kills two birds with one stone :-).


59 posted on 06/21/2018 2:57:24 PM PDT by edh
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To: rickmichaels

We’re not the one to blame for the state of the national debt.

It’s your poster boy Obama who saddled you guys with it.


60 posted on 06/21/2018 2:57:51 PM PDT by metmom ( ...fixing our eyes on Jesus, the Author and Perfecter of our faith......)
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