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Millennials waking up to grim financial future left by baby boomers — and they're angry
Financial Post ^ | June 21, 2018 | Ben Steverman

Posted on 06/21/2018 2:19:46 PM PDT by rickmichaels

click here to read article


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To: rickmichaels

My advice to them:

1) Quit living large on student loans while getting a worthless degree.
2) Get a job, show up on time, and do the work assigned.

They would see a revolutionary change in their collective lifestyles.


101 posted on 06/21/2018 4:24:19 PM PDT by PAR35
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To: miss marmelstein

/bingo

I had less than $400 of student debt to pay off (as a dropout), and the country was still mired in the disaster of the Carter years, with those lovely double-digit interest rates. I was lucky in that I was the youngest kid and my parents were hitting their best-paid years (by far) despite the fact that neither had a college ed or pension plan beyond social security and (by that time) a few years of IRA savings made possible by those higher earnings.

They were smart people, yet they were irreparably Democrat.

The fact is, higher ed is really just higher bills because the tuition costs exploded — twenty years after I grad high school, or rather 20 years after I started college, the credit hour cost had grown tenfold, and the university I’d attended for a while went from terms (three a year, plus a truncated summer term) to semesters (two a year, plus a truncated summer semester). I suppose the alibi now is, “we have to work an extra two weeks, and had to give up a whole term of pay.” Waaah.


102 posted on 06/21/2018 4:27:50 PM PDT by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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To: Mears

Generation X will be paying most of the baby boomers generation’s SS benefits and there isn’t enough of them and not enough income. The greatest generation didn’t have to fund much for the prior generation with their taxes but they received a large boost in benefits relative to what they paid in. The feds kept increasing benefits in the 70’s for current retirees and expanding Medicare as opposed to saving the money for generation equity. The baby boomer and subsequent generations are not going to receive what they paid in.


103 posted on 06/21/2018 4:42:15 PM PDT by alternatives? (Why have an army if there are no borders?)
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To: rickmichaels

As always, I’m annoyed that it’s assumed that millenials are left leaning. I’m the youngest millennial, 24 years old, and I’m not relying on someone else for my retirement. Also, the article talking about alcohol, drugs and other bad health decisions, well those are DECISIONS. If people aren’t taking care of themselves that’s on them.


104 posted on 06/21/2018 4:44:29 PM PDT by alexandriagreen (MAGA)
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To: Eddie01

Good on your son.

Mine didn’t apply himself in High School. Always wanted to be in the military, though.

Being an Army Ranger was tough, but now that he is out and in college he‘s made Dean’s List almost every semester.

Knows his fellow students and Profs are mostly liberal idiots.


105 posted on 06/21/2018 4:57:34 PM PDT by jdsteel (Americans are Dreamers too!!!)
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To: rickmichaels

People long before “boomers,” voted for the policies in question.

GW Bush suggested entitlement reform, and the nation quickly said heck no.


106 posted on 06/21/2018 5:04:31 PM PDT by truth_seeker ( \/**|_|**\/)
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To: Sa-teef

Well said. My son is halfway through an engineering degree and doing very well. He had a talent for ceramics and I explained to him that he needed that well paying job so that he can afford the hobby in ceramics. He listened. Yet he owns it 100%. He has learned success through hard work.


107 posted on 06/21/2018 5:07:21 PM PDT by dhs12345
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To: jdsteel
Being an Army Ranger was tough, but now that he is out and in college he‘s made Dean’s List almost every semester.

Right on JD!

God Bless you and your son!

108 posted on 06/21/2018 5:07:41 PM PDT by Eddie01
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To: rickmichaels

This will be the next major front in the Left’s War of Division: black versus white, gay versus straight, women versus men, Muslim versus Christians and Jews, and now young versus old.


109 posted on 06/21/2018 5:13:53 PM PDT by Interesting Times (WinterSoldier.com. SwiftVets.com. ToSetTheRecordStraight.com.)
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To: rickmichaels

We once owned the world, now our main export is whining.


110 posted on 06/21/2018 5:18:03 PM PDT by Eagles Field
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To: Shethink13

LOL...that’s really funny!


111 posted on 06/21/2018 5:22:57 PM PDT by nopardons
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Comment #112 Removed by Moderator

To: rickmichaels

It’s a lot easier and more satisfying to blame someone else for your shortcomings and failures than it is to pick yourself up and try again.


113 posted on 06/21/2018 6:06:02 PM PDT by RetiredTexasVet (Start using cash and checks or the elite class and bankers will make "cashless" the norm.)
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To: alternatives?

Thanks,I get what you’re saying but you still skipped right over an entire generation-——mine.

.


114 posted on 06/21/2018 6:09:16 PM PDT by Mears
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To: rickmichaels

How exactly did the Baby Boomer’s have anything to do with the Creation of the Welfare State and the Coinage Act of 1965??? The Beginning of this Disaster.


115 posted on 06/21/2018 6:10:39 PM PDT by eyeamok
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To: rickmichaels
By 2034, Social Security won’t be able to pay out full benefits

So when does welfare run out of money?

116 posted on 06/21/2018 6:12:34 PM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: petitfour

Language skills needed by the military.

Cryptologic Technician - Interperative (CTI)
Navy Enlisted Rating (Job) Descriptions

•••
BY ROD POWERS Updated September 18, 2017

Cryptologic Technicians Interpretive are the Navy’s linguists. CTIs attend language training at the Defense Language Institute (DLI), in Monterey, California. They specialize in the analysis of foreign language materials and the preparation of statistical studies and technical reports. Language training is open to men and women in Arabic, Chinese, Korean, Persian-Farsi, Russian, and Spanish. Additional languages are available to CTIs that qualify for an additional language. New recruits cannot get a guaranteed language in their enlistment contract.

https://www.thebalancecareers.com/cryptologic-technician-interperative-cti-3345794

“Why not Army or Marines? Just curious?

The Army has their requirements.

The Navy does this type intel for the Marines, and Spanish has been critical since the Castro’s took over Cuba.

How many South American Dictators hate America and communicate in Spanish?

How many Narco thugs in Mexico hate America and work 24/7 to harm us and to weaken us. They represent a clear and present danger to us everyday and every hour.

We need prior knowledge of their plans before they start actions and after they start actions against us. Who is involved and at what levels.

You will get a mail from me on this.


117 posted on 06/21/2018 6:17:26 PM PDT by Grampa Dave (If voting couled actually change anything, it would also be illegal!)
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To: rickmichaels

Perhaps this author can show me where the Old Folks clothing store is located ? Heck. Exactly what are old folks supposed to wear ?


118 posted on 06/21/2018 6:23:12 PM PDT by justa-hairyape (The user name is sarcastic. Although at times it may not appear that way.)
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To: justa-hairyape

“Perhaps this author can show me where the Old Folks clothing store is located ? Heck. Exactly what are old folks supposed to wear ?”


LL Bean.

.


119 posted on 06/21/2018 6:25:36 PM PDT by Mears
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To: Mears

Sorry, your generation is screwed also. Even worse than mine (baby boom). I hear the term the greatest generation and I sort of cringe.

I thought it was tougher on the generation prior to the greatest generation because they fought WWI and had to work through the great depression and then turn around and send their kids to fight WWII. I would rather go fight than send my kids to fight. They didn’t receive much SS either. It is amazing how much somebody like Brokaw can influence the culture.


120 posted on 06/21/2018 6:28:19 PM PDT by alternatives? (Why have an army if there are no borders?)
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