Stupid decisions have consequences. Bad ones. The blame the Boomers for being in their way. The reality is that 16-24 year olds aren’t prepared or experienced enough to take a professional job from a Boomer. The other thing is the Boomers would love to retire but every generation that retires into an economy like this one has a failed retirement. You simply can’t afford to retire into this kind of economy even if you have saved enough under normal circumstances.
Another thing, 40 million millennials are not going to replace 80 million boomers if the work is still needed. If the economy didn’t suck there would be plenty of jobs to go around. In fact, there would be a worker shortage.
It is true, the youngsters face a bleak future. If we can somehow have a revival and turn around it will take years to recover. They are facing at least TEN years of economic malaise... if they are lucky. Right now I’m not thinking about recovery. I’m just praying it does not get terribly worse. All signs are that it will get worse soon. There are no good reasons to think otherwise.
Stupid decisions have bad consequences. The stupid decision of electing obastard has produced a bleak future for all of us but especially for the people who are trying to build a future.
“It is true, the youngsters face a bleak future. If we can somehow have a revival and turn around it will take years to recover. They are facing at least TEN years of economic malaise... if they are lucky. Right now I’m not thinking about recovery. I’m just praying it does not get terribly worse. All signs are that it will get worse soon. There are no good reasons to think otherwise.”
I’m not in this spot, but one of the reasons boomers are having to work longer is because they spent a lot more on their kids’ “education”, and now have to support them, in that they have no discernible skills other than xBox, Facebook and shopping.
The damage done from NOT working IMMEDIATELY, at a good job, right after college is tremendous over the course of a career. It can cost hundreds of thousands of dollars over 40 years.