Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

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
Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100101 next last
To: Persevero

My kids are 25 and 23. We told them the whole time they were in our house, “You don’t work, you don’t eat” and enforced it.

They learned that lesson well.


61 posted on 04/13/2020 1:59:47 PM PDT by Texas resident (The American media is our enemy)
[ Post Reply | Private Reply | To 20 | View Replies]

To: RipSawyer

“The very worst on FR make Biden seem like Mark Twain.”

I give most a pass but this one was (apparently) condemning higher education.


62 posted on 04/13/2020 2:01:03 PM PDT by TexasGator (Z1z)
[ Post Reply | Private Reply | To 58 | View Replies]

To: C19fan

My millennial oldest son is doing great. He’s 23 and got a BS in Economics and works for Wells Fargo remotely. He makes a great salary and proposed to his girlfriend on the same day CA “shut down” (memorable proposal). He’s doing all the right things.


63 posted on 04/13/2020 2:03:33 PM PDT by olivia3boys
[ Post Reply | Private Reply | To 1 | View Replies]

To: hanamizu

The Greatest Generation-
“That generation somehow managed to do all right for themselves.”

Horsehiite-

Their crooked parents voted for an EFFIN COMMUNIST for President 4 times!

The “Greatest”s that come home, physically and mentally intact, had the world by the ballllls.
They started in a world where the US was the only thing standing.
Beautiful women from around the world would marry you, and put up with all kinds of garbage even if you were an otherwise worthless slug just to get here.
Minorities and women were pushed aside in the workplace just for you.
GI Bill gave you free college.
VA mortgage essentially gave you, a nearly free house.
Industrial Union jobs with pensions.
Taxes were nearly ZERO for the average working man (one income was enough).
Everything was being built, NEW everywhere, not the rundown crapola that is there today.
NYC was safe-
California was truly the Golden State.

This list could go on and on.

It was golden if you were a white, healthy, male veteran with just a little built of drive.

Black? Screw you.
Women? Hubby could beat you and his Vet buddies on the force would let it go.
Mental health impaired from the war? Plenty of Nut Houses to lock you up in.
Could start an essential business with a dollar and a dream. Now that’s just the Lottery slogan.

Go ahead, Flame away.
You had your turn, raised a bunch of the original spoiled brats (Boomers), and very nearly wrecked the hole thing.
NEVER FORGET IT.

Don’t worry, we’ll fix it, you just remember to say “Thank You”.


64 posted on 04/13/2020 2:06:03 PM PDT by Macoozie (Handcuffs and Orange Jumpsuits)
[ Post Reply | Private Reply | To 35 | View Replies]

To: Macoozie

“You had your turn, raised a bunch of the original spoiled brats (Boomers), and very nearly wrecked the hole thing.
NEVER FORGET IT.
Don’t worry, we’ll fix it, you just remember to say “Thank You”.”

They are almost all dead, your inferiority complex is wasted on them.


65 posted on 04/13/2020 2:14:03 PM PDT by SaxxonWoods (Epstein pulled a Carradine, the bozo.)
[ Post Reply | Private Reply | To 64 | View Replies]

To: C19fan

What a bunch of Hog Wash!!!


66 posted on 04/13/2020 2:14:05 PM PDT by tallyhoe
[ Post Reply | Private Reply | To 1 | View Replies]

To: Macoozie

yeah, boomers ran this country into the ground, and it will be us millenials who will need to cut their own benefits while ramping up taxes to pay for boomer social security and medicare benefits.

that’s life and there’s no changing our historical deficit problems now, but i’ve basically stopped listening to boomer political advice seeing as how all of this is their fault to begin with.


67 posted on 04/13/2020 2:15:46 PM PDT by socalgop
[ Post Reply | Private Reply | To 64 | View Replies]

To: Codeflier

So you are asserting that those responding to this article grew up given great advantages, lived in prosperity and peace...and recieved some inheritance?

And if you are not asserting that then...why golly...that makes you every bit as nasty you are asserting others are.

Your complete pretentiousness fails to impress.


68 posted on 04/13/2020 2:17:44 PM PDT by MrEdd (Caveat Emptor)
[ Post Reply | Private Reply | To 59 | View Replies]

To: socalgop

Ok, doom and gloomer.


69 posted on 04/13/2020 2:18:55 PM PDT by lurked_for_a_decade (Imagination is more important than knowledge! ( e_uid == 0 ) != ( e_uid = 0 ). I Read kernel code.)
[ Post Reply | Private Reply | To 67 | View Replies]

To: nascarnation

Heh, heh, when you mentioned Louis Rukeyser, I had to go to youtube & listen to WSW’s opening theme with its rhythmical ticker machines. It was like listening to money in the process of being made.

Still miss Louis’ puns, his Elves, and his skeptical view of government.

My time’s about up; I don’t envy Millennials and wouldn’t be one just to be young again, not for all the tea in China.


70 posted on 04/13/2020 2:20:53 PM PDT by elcid1970 ("The Second Amendment is more important than Islam.")
[ Post Reply | Private Reply | To 56 | View Replies]

To: C19fan

Three of my four are millennial age, the fourth is called Generation Z. He’s 20.

He’s not working right now and living in Grandma’s basement. The reason he’s not working is Gretchen Whitmer shut down the state.

He is a trucker and was driving for a construction company that was horribly managed right into bankruptcy. His boss called a lumberyard and told them he’s the hardest working kid he knows. He was hired without an interview. They even bought him a new semi tractor. Then this.

The others remain fully employed, two are clearly essential and will make it through this just fine.

I’ve lost jobs during the past two major recessions and had to essentially start over each time. So what?

This is not a 2-3 year recession. It’s a major blip. The economy should be humming strong in a couple months.

I do events for my company. Starting to make calls to start figuring out how to get them going again and hit it strong as soon as restrictions are lifted.


71 posted on 04/13/2020 2:21:35 PM PDT by cyclotic (A vote for Democrats is a vote for lower traffic volumes)
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

Grandma never got a $1200 check during the great depression. There was no unemployment check either. I see “now hiring” signs at retail stores right now if anyone is interested.


72 posted on 04/13/2020 2:21:54 PM PDT by Huskrrrr
[ Post Reply | Private Reply | To 1 | View Replies]

To: lurked_for_a_decade

https://www.youtube.com/watch?v=BkzE23pyME4


73 posted on 04/13/2020 2:22:26 PM PDT by lurked_for_a_decade (Imagination is more important than knowledge! ( e_uid == 0 ) != ( e_uid = 0 ). I Read kernel code.)
[ Post Reply | Private Reply | To 69 | View Replies]

To: lurked_for_a_decade

OK, if i’m dooming and glooming, what is your solution for fixing our structural budget deficits and national debt?

option 1:cutting social security and medicare and raising taxes
Option 2: print more money.

As bad as option 1 is and as mad as i am that boomer foolishness made it necessary, it’s hell of a lot better than option 2.


74 posted on 04/13/2020 2:25:01 PM PDT by socalgop
[ Post Reply | Private Reply | To 69 | View Replies]

To: C19fan

My daughter worked her way through community college to earn a certification in Respiratory Therapy. She checked the salary and demand before she entered the program. Graduated debt free and started at 45K per year. Not her “dream job” but it’s getting her where she wants to go.


75 posted on 04/13/2020 2:25:57 PM PDT by Huskrrrr
[ Post Reply | Private Reply | To 1 | View Replies]

To: nascarnation

I liked Louis Rukeyser. I listened to him back in the 1980’s.
He used to have his father come by sometimes to share his take on the markets at that time. Louis was an easy going personality working with a very complex view of financial tools and tendencies. He was almost never boring, and I hate most math.


76 posted on 04/13/2020 2:35:29 PM PDT by lee martell
[ Post Reply | Private Reply | To 56 | View Replies]

To: socalgop

I don’t know an answer at this point in time that would be politically viable.

Given the current state of the market, one could privatize, social security, medicare and medicaid by allowing people under a certain age to invest most of their contributions in private investment accounts and means test the benifits for people older than that age. Unfortunately, most people are totally incapable of putting a dollar in their own pocket without it burning a hole in their pocket and older people would never accept a reduction in their “benefits”.

My only other suggestion would be to cut the federal budget in half and eliminate all unnecessary programs. So much of the Federal Budget is wasted on unnecessary and unconstitutional programs.


77 posted on 04/13/2020 2:37:10 PM PDT by lurked_for_a_decade (Imagination is more important than knowledge! ( e_uid == 0 ) != ( e_uid = 0 ). I Read kernel code.)
[ Post Reply | Private Reply | To 74 | View Replies]

To: C19fan

Just trust God, don’t be in debt, save pennies, and people can weather storms.


78 posted on 04/13/2020 2:42:05 PM PDT by lurk
[ Post Reply | Private Reply | To 1 | View Replies]

To: hanamizu
On the other hand, my dad graduated high school in 1932 right into the teeth of the Great Depression. By the time that was ending, World War II came along and he found himself in the Army Air Force. He was in his mid 30s when he experienced ‘normal’ times for the first time in his adult life. That generation somehow managed to do all right for themselves.

That generation enjoyed the American Heyday. As has been pointed out here, when the dust settled and the smoke cleared from the Second World War, the United States was the only western power standing. Anybody in the world who wanted anything had to buy it from us. And while our former enemies and our allies spent a generation rebuilding their countries and their economies, the United States middle class exploded in size; the economy of that time was ONLY going to go up.

79 posted on 04/13/2020 2:46:32 PM PDT by Captain Walker
[ Post Reply | Private Reply | To 35 | View Replies]

To: C19fan
For the Left, it's all about dividing. White from black, straight from gay, women from men, married from single. Should people of different ages also turn against each other?

Don't swallow the hook.

80 posted on 04/13/2020 2:49:29 PM PDT by Interesting Times (WinterSoldier.com. SwiftVets.com. ToSetTheRecordStraight.com.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100101 next last

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.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson