Posted on 04/16/2020 5:07:35 PM PDT by GuavaCheesePuff
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 ...
I do. We’ve finally reached peak government. Too bad their impulse, and indoctrination, will impel them to ask for even more. THEY should be the ones asking why a universiry “diversity coordinator “ makes $300k a year, and why they are taking out loans to pay his/her/its salary. Will they?
Millenials think that their degree in homosexual studies qualifies them for a $100k a year job while ignoring the blue collar jobs like electricians and mechanics and truck drivers.
Hopefully no one is offended by this post...
I agree. I remember the days when an employer actually gave you health benefits AND paid into one’s 401K. They called it a “matching plan”. Not anymore.
We start saving for college as soon as our children are born. When children are in school the teachers are encouraging them to go to college. Teachers went to school as children, then went to college after graduating high school. After graduating from college they go right back to school to work as teachers. They have never known anything but the school environment.
They don’t want those jobs because those jobs are too “anti-intellectual” and those jobs gave America Trump.
>>Like me, you grew up with cushy jobs, health benefits, pension plans etc. <<
The hell I did. I worked damn hard to overcome poverty, graduate from college with a MEANINGFUL and USEFUL degree, mastered my craft and continue to work to stay on top of it. I eventually went private and deliver EASILY $2 of value for every dollar I bill.
Any M willing to apply him/herself can do the same. And I know MANY, all of who accepted traditional values of promptness and hard work and eschewed the M culture who are succeeding (b/c they emulate people who succeed),
So speak for yourself about how easy things were. Good for you that you fell into a featherbed. Few did.
Isn’t it the democrat/college complex? Democrats love colleges. The colleges in turn support the democrats. Democrats give colleges all the money they want to expand their schools with all sorts of nonsense such as black studies, women’s studies and gender studies. In turn the colleges indoctrinate the students with all the democrat/commie crap which makes themdeeply brainwashed life long democrats. Colleges also provide the protesting mobs that democrats can call on at a moments notice.
I agree with you. You’re absolutely right. Trump should pass an executive order that stops congressional pay (along with their staffs) until America is back to work. Let THEM know how it feels.
Shouldn’t have voted for Obama twice, Hillary in 16 and Biden in 20.
“Like me, you grew up with cushy jobs, health benefits, pension plans etc.”
I grew up with none of that. I saved anyway. I worked for myself from age 26 on. It worked out, eventually.
Why is everyone so mentally convinced they can’t succeed these days? Why do people ignore the incredible rate of tech advance which will continue to open opportunities unheard of at this time? This is a time of upheaval and upheaval brings opportunity, every time.
“I would take nominal/rational interests rates (Need to be higher) and cheaper real estate over the depreciating dollar, low purchasing power, debt policies, along promoting savers any day. Your economic motto must be “it’s better to burn out, than fade away”.”
Oh - poor baby!!!
As an aside, whenever I have angst about Millennial bad behavior, I try to remember that their parents, my generation, must take blame for much of it.
That's exactly it.
And in addition, when times are good, sock away the money for when times are bad.
We are a million times lucky and blessed to be even born in the first place. Two million times if we are mostly healthy.
We are 10 times again lucky to be born NOT in a sh*thole country or a commie country that appears not to be a sh*thole but is a spiritually sh*thole country.
Millennials in the US today have it better than 99% of the world. They have it better than 99% of people born only a few decades ago in terms of standard of living.
I am no doubt blessed, but also no doubt are millennials. They should focus on THAT, and have gratitude, and start being SMART about their future, rather than whining when life didn't go as they expected, as if their expectations are a moral claim on God's will.
They were not doomed to this. They chose a risky path whether out of ignorance or being misled or sheer entitlement. Their parents share the blame in many cases, but even with that, they are still lucky and blessed in almost all cases.
I say that not to tool on them ... but if they ADOPTED that outlook, then they could work themselves out of their self centered and self generated, self imposed misery. I hope they can become strong and successful, and eventually turn these financial downturns into revised life strategies and spiritual growth.
But if they want freedom and happiness, they've got to earn it and figure it out. Nothing has stopped them from that but themselves and their own choices - and erroneous expectations.
“The hell I did. I worked damn hard to overcome poverty, graduate from college with a MEANINGFUL and USEFUL degree, mastered my craft and continue to work to stay on top of it”
It was easier to do back then. Like I said you could work a summer and fall quarter and pay for an entire years tuition. My state school is now 27k per year.
The minimum wage I earned in 1978 is almost $14.50hr today based upon inflation calculator.
My neighbor offered me a job working in a warehouse summer of 1980 after graduation . $7hr and full 100% paid insurance and pension plan. That is about $21-22 hr today. How many jobs pay that today. Very few.
Wages have not kept up with the times. I need a new transmission in my car. Got a quote the other day $4600 because it is a electronic gizmo 9 speed. I worked in a gas station in 1978-1979 who repaired automatic transmissions and the cost back then was $225-300 rebuilt and installed.
A mans wage could support an entire family not any longer
I could go on and on
If by “stewards of the economy” you mean race-baiting democrats, the answer is obvious. Anyone can be successful in college, and no one should be condemned to declasse jobs like electrician, plumber, machinist, etc.
“Why is everyone so mentally convinced they can’t succeed these days? “
See my post #37. That is not the issue. It is a lot harder to achieve the American dream today if you are entering the job market.
People here are bashing millennials but they grew up in easier times.
“...My niece and her husband pay over $800 per month for a $5000 deductible health plan...”
Sounds like Obamacare. Who’d they vote for?
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.