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 ...
The financial crises of 07-08 started with Nanzi getting the House in 06. The Trump impeachment/Corona crises started when Nanzi got the House in 18. They got what they deserved when they voted for her. (Unfortunately, we didn’t.)
That's the industry I got into after my Marine Corps stint. Now that industry is going by the wayside - who prints things out anymore with cloud storage and all the scan-to-email! Fortunately I'm more on the IT Services side of things now.
What you say is correct, both my sons are millenials and they are doing just as well if not better than I was when I was their age. Both of them are able to do their jobs at home during this time and are still earning their full pay. I'm not sure why the perception is out there that Millenials are going to be poorer than the previous generation.
If this pandemic hit us in the 1970s or 1980s, all of us Baby Boomers would have been screwed. There was no technology to work at home back then, unless your job was stuffing envelopes or sewing mittens or something.
Some things these days are more expensive (like homes and automobiles) but there are many other things that are far cheaper and much better (clothing, appliances, food, technology, entertainment) that what the Boomer generation had.
So things aren't so dire for the Millenials. I would switch places with one of them in a heartbeat because I think the future is looking might bright and I would love to be able to be around another 50 or so years to see what happens.
Horsehiite-
My dad, didn’t have the world by anything. He had a new wife and new kid. We lived in an apartment that looks like the Honeymooner’s set. Livingroom/bedroom with a Murphy bed, bathroom and kitchen. He did get a white-collar job that required him to work 5 1/2 days a week. Wasn’t able to afford a new car until ‘49. Buying a large bottle of beer for Friday night card games with friends was a luxury.
Companies were required by law to reinstate jobs to veterans. If women took their place during the war, they had to be let go. Same would be true if a minority filled the job.
VA loans were available and GI Bill did help pay for education for all veterans, white, black, or tan. My parents weren’t able to afford to buy a house FWIW. Our home had one radio, one telephone and when we could afford it, one TV. By today’s standards we were living in deep poverty.
Income tax became a part of middle class life during WWII and didn’t go away. It took a long time to pay that war off. My mom worked full time, although most of my friend’s moms didn’t.
California was wonderful back then. I know, I was there. Was able the Pacific Electric from Long Beach to L.A. by myself from the age of 10. Stops in Watts. No problems, ever.
Wasn’t black, but black people in SoCal had life pretty good. Watts was poor, but yards were neat, homes were pretty much well-kept—the contrast with what we saw on TV from ‘back east’ was striking.
I don’t know that women were more abused then or now. The attitude was that what happened in the home was the business of the people who lived there. I don’t think that women who actually reported abuse were routinely ignored—but I don’t know.
As for spoiling the Boomers. Of course they did. They took the attitude that we would have all of the things that they had lacked. Was that a mistake—quite probably, but an understandable one.
I have no idea which generation you’re a part of, but I hope you and yours are able to “fix it”.
He Millenials are going to inherit trillions from the boomers. They need to focus, save some money and get busy having kids.
I had to laugh this morning on our town’s Facebook there was a person bitching because the power went out in a wind storm. He had to go out for coffee. He actually wrote, “Who has a stove top percolator.”
I was struck by not only his idiocy, but his willingness to display it.
There are those,thank god,with rugged individualism and respect past and heritage of our founding. The problem is that America is bloating with rotten demographics and generations that have no clue and intellectually inept to critically think. Not all millennials are worthless but the rotten apples are rotting that tree.
That generation enjoyed the American Heyday.
” There is going to be a huge backlash against the elderly, social security, and medicare. I expect a huge euthanasia push as their voting block becomes the single largest one as more elderly die off.”
Bernie Sanders was just a few decades before his time.
I worked with a bunch of millennials before retirement. STEM types. They are doing well for themselves. As for the rest, they have 25 to 30 years to get their shit together.
Filled with so much blind Hate and buying lock stock and barrel the Communist/Left lie of America...YOU aren’t going to “fix” anything. Hope you at least think your poison makes you feel better.
They were waiting to get the student loans paid and a monthly stipend. They cant even collect unemployment because they never worked
That would not be my Dad. He worked until he was 68 and died less than six years later.
The Ultra Leftists making certain to LUMP all millenials in the same non-achievement generational non-outcome group of non-performers. The LEFT is so ungrateful, and also lying through their A@@es because it was FAKING OUT THE MILLENIALS that their hero, obamaumao specialized in. Making statements about how wrong generational wealth was for millenials fortunate enough to have been raised by hardworking prior generations who wanted more for their children and opportunities made available to them
NO- it was the LEFTIST nightmare curriculum managers at our vaunted colleges and universities milking the prior generation of money (by selling them the worn out brief that a college education was the ticket OUT of poverty) by promoting completely social political degree programs sure to do 2 things 1.) put them in student loan debt- of course totally paid now by the US govt and not private banks who insist on being paid back, and thus motivating a student to study something that would PRODUCE INCOME and 2.) guarantee their complete lack of employment at anything other than additional academic stipended dead end jobs and or staying in school permanently to increase their degrees and stay on the teat of govt.funds
They have some nerve at the Atlantic to mourn what THEY actuated. Some nerve. And not publish examples of Millenials who escaped their clutches and dead end socialism bartender AOC type lives, and run their own companies and invent new things and ideas that create their own wealth. No— they’ll never do that! MAGA appeals to those millenials-—obamaumao (you didn’t build that— because we wouldn’t let you, we think) and hitlery. German socialism leftists/Marxists led by village idiots.
There’s a lot of fat to cut in absolute terms but in relative terms it doesn’t matter. In 2018 the federal budget was $4.1 trillion. $2.5 trillion was social security, Medicare/Medicaid, and unemployment. Of the rest, 650 billion was on defense contracting and the other $650 was every other gov’ts program (nasa at $20bn, state department at $44bn every other federal agency, farm subsidies at $10-$20bn, etc etc).
Getting rid of everything but defense spending wouldn’t even dent the growth in entitlement spending, only cutting benefits will fix the issue.
The first thing that needs to be done is for politicians to stop lying to the American public by intentionally using deceptive numbers when discussing our situation. They divide the budget into two categories - discretionary and non-discretionary spending.
Democrats always talk about the percentage of the budget that goes to defense by dividing it by one of the two categories rather than the sum of two categories as the denominator and yet the percentages for their pet projects are always given with the proper denominator as the sum of discretionary and non-discretionary spending resulting in what appears to be a smaller percentage of total spending when in fact their projects are a much more significant percentage of total spending.
They never discus non-discretionary items ( entitlements ) because they are off the table ( sacrosanct third rails of politics by design ) and then falsely claim that defense is a much larger percent of the total budget than it is.
Defense is categorized as discretionary spending when it is in fact one of the primary obligations of the Federal Government where as the justification for “Entitlements” can't be found anywhere in the Constitution except for some nebulous interpretation of the “General Welfare” clause.
It's a fine mess they have gotten us into.
Yeah, but nobody listens to Zathras!
Which is still better than 99.9% of everybody in the history of the world....
Ay, Pobrecita!
But not less than what the fathers (the so-called Silent Generation born between 1928 and 1945) of the boomers may have, and the boomer generation (I was born in '52) they raised both fought Vietnam and the government, but make up the most conservative class today of the last 60 years.
However, Gen X·ers (born between 1965 and 1980) and millennials have a greater disparity of liberals than previous generations.
That’s part of the problem outlined in the article. And while the Iraq and Afghanistan wars haven’t been meat-grinders on the scale of WW2, Korea and Vietnam, in them millennials have fought the longest war in American history — on an all-volunteer basis to boot.
I think that is a very small percentage of millennials as compared to previous wars, while they have gone beyond past generations in liberalism in numbers and degrees, thus as another story in the Atlantic states, The Coddling of the American Mind In the name of emotional well-being, college students are increasingly demanding protection from words and ideas they don’t like. Here’s why that’s disastrous for education—and mental health.
Yes, they would consider us (if you are one) boomers and beyond to be soft.
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