This is not a zero-sum game.
I worked my a$$ off in ADDING VALUE for which I was compensated and then invested which has paid off dividends for my retitrement after 40+ YEARS of straight work.
I stole not a dime from any Millennial nor anyone else. I *certainly* held no gun to anyone’s head when they could not do basic math to determine if they should take out a loan against future earnings.
Let them come back after 40 years of work and THEN look at the situation.
But this article does a great job of perpetuating the notion (not a myth and not a stereotype) of whining Millennials who want it all handed to them.
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More leftie fake news!
Your “Grim Future” is your own to craft!
(especially in the Trump Economy!)
Almost time to liquidate the 401k so the govt can’t use it for a “fix”.
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',
It will be very ugly and it was by design. You have to impoverish people in order to turn them into communists.
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.
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.
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?
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.
I came of age in the 70’s. It was like the world was coming to an end at times. And the decade finished out with 4 years of the idiot, Mr. Peanut.
Thank God for Reagan.
Number one, they should never borrow money for school. My boomer siblings that went to college all worked their own way through. The rest of us went straight to work from high school. Our depression era parents had no money to put us through college. Most jobs don’t require a college degree anyway. Youth is wasted on the young. College is wasted on the youth.
Number two, the country should’ve never let itself sink into socialism. The welfare state is a big loser in the long run. We boomers learned from our parents the value of hard work and that there’s no such thing as a free lunch.
Number three, the country should’ve never legalized abortion. No wonder we have fewer workers today. We killed off a generation or two before they were even born. And importing armies of cheap foreign labor destroys a country rather than build it. Ask the Roman Empire. Ask Europe. Hell, it’s happening right here, right now.
Number four, we should’ve never kicked God out of school and put government in. Government is a very poor substitute for God or parents. When it takes a village to raise a child, you end up with the village of the damned. Or village of idiots. And that’s where we are today.
When we the people gave up our Judeo-Christian heritage, roots and principles and turned to big government to solve our problems, we literally paved our own road to hell.
They have bought into the Democrat lies that their problems are the fault of someone else. They haven’t figured out that they have been lied to yet.
The economy is booming, Boomers and older generations were faced with up t0 90% Fed income taxes, the draft, and MAJOR RECESSIONS, but still managed to save for retirement, beyond Social Security. They also got married, had kids, and didn't live with mommy & daddy into their 30s.
So grumble away, you wet behind the ears babies, or, you could go out and actually get an entrance job, live within your means, and pay of your loans, for the really STUPID majors they funded.
wait til they find out that mom and dad effed thins up so much that the last generation of savers (the Boomers like grandma and grandpa) didn’t leave them squat.
Total bunch of horse hockey.
Sure, if you are $20-100K in debt for a degree that isn’t applicable to where the jobs are and expect (or borrow to) spend at a level way above what you’re making, you are hosed. Too bad.
Work hard, spend less than you make and screw the ‘self actualization’ and instead work at what pays well and you’ll be OK.
This is a demographic situation and no government tweaking would have taken care of it.
bkmk
This won't work if left-leaning millennials and Gen-Xers double down on stupid, which seems to be the way they are trending.
But the dems will lead them straight down the path to disaster, pursuing the theory that penalizing success, subsidizing slackers, and prioritizing redistribution over growth will, this time, succeed. I.e., double down on stupid.
“struggle to find affordable homes within commuting distance of their jobs”
Homes were far more affordable before the Big Zero took office. Who voted for Big Zero? Younger folks!
Homes are still affordable outside of glamour areas.
As for paying for Social Security for older folks, the younger folks had better think about who paid for their $12,000/year on average K-12 education.
About half of many old folks’ Social Security will go to pay school tax for the younger folks’ new folks.
I envied the older folks who paid ~$30,000 for a big detached house in Fairfax County, VA.