Posted on 01/15/2017 12:15:23 PM PST by Rufus2007
While President Barack Obama is leaving office claiming victory on the economy, millennials are financially worse off than their baby boomer parents were at the same age.
A new report looking at the economic situation of young people ages 25-34 found that millennials own and earn significantly less than their parents’ generation did as young people in the late 1980s.
...more...
(Excerpt) Read more at dailycaller.com ...
My boys are both millenials and are doing quite well. Own their own homes and already have a lot of $$ saved.
Easy for these snowflakes to believe the progressive dream than to step into reality
I’d say a bigger factor is all the economic destruction that has occurred under Obama and in the recession that preceeded him. There are many factors to blame for that, but the responsibility for doubling the national debt happened on one man’s watch.
But if you listen to some of the idiots on FR you’ll be told it’s all the Boomers fault. But guess what, the Boomers were savers, the Gen-X crowd that spawned these Millennials is what Obama is of.
I believe this is more of a cultural reflection than it is of the state of the economy.
Kick them out at 18 if no college, 22 if college. No exceptions.
Things will turn around rapidly.
Mine doing well also
When Trump says “Make America Great Again”
I hear: “Make the next generation more prosperous than the current generation. Over and over. The way things used to work.”
It’s a shame that half the country hears “Make America Great Again” and interprets this as: “Let’s bring back Jim Crow so black people can have separate water fountains and get screwed six ways to Sunday.”
I guess we’ll have to wait and see which way Trump really means it. [/s]
Well duh, the government establishment puts out self-serving, lying statistics to fool people into not believing what they can see in their own lives and checkbooks. The U.S. Government establishment, Marxist/Alinskyites all, want a population of peasants who work for almost nothing at crap jobs...so they can hand out the pittance of socialism. The U.S. Government establishment has their own Dacha Society, while the people are turned into well-controlled peasants. The Guillotines were retired far too soon.
It’s the big decline put into motion by corrupt U.S. government and their one world globalist associates.
They just need more free stuff
How did they do it? Most baby boomers didn’t manage to own their own homes in their 20s. I was 40!
“But if you listen to some of the idiots on FR you’ll be told it’s all the Boomers fault. But guess what, the Boomers were savers, the Gen-X crowd that spawned these Millennials is what Obama is of.”
I hate to tell you this, but the boomers voted for, and benefited from every socialist program under the sun. Now, they are going to lecture me about how I need to pull myself up by my bootstraps and compete with Chinese slave labor? It’s laughable. I guess as long as I keep funding your medicare (recreational trips to the Dr five times a week) and social security (gambling money at the Indian casino) everything is ok, right?
Both mine are doing well too - own their homes and working on long-term solvency.
Aw, is it hard? Too bad, so sad.
>>My boys are both millenials and are doing quite well. Own their own homes and already have a lot of $$ saved.
Do you understand that they are not typical of their generation?
There’s a lot of factors that explain the situation of the Millennials. There are exceptions, and virtually every child of a FReeper are those exceptions.
But, they didn’t get to have a free range childhood where they accepted the pains of their actions and they reaped the rewards too. They never got to lose, so they never got to win. They were leashed as small children, play-dated as pre-teens, forced to grow up sexually at an early age, and then hamstrung as teens trying to find the growing adult inside.
Then they entered the world that expects machine-like efficiency and their childhood experiences which taught them to quit early when facing difficulty so they can just get the Participation Trophy kicked in.
As adults, they decided to stay adolescents forever. They are a lost generation that will never amount to anything useful. They blame the world and the world blames them. Both are right. Of course, YMMV.
Yup! Those who plan longterm will do very well!! Especially in the technical fields!
Very few of the Millenials are spawned from Gen X.
“Kick them out at 18 if no college, 22 if college. No exceptions.”
Agreed. My Dad started me on, ‘The Path To Independence’ when I was 16. I was TOLD I had 2 years to work & save and plan and then I was on my own...
...but I showed HIM! I was out of the house and self-supporting at 17, LOL! (I graduated High School at 17 in 3.5 years.)
Joined the Army at 18, and only came back home to live one time while my then-Navy-husband was on a 9-month cruise. Mom was overjoyed to have some time with me. I worked full-time and saved up enough $ in 9 months for a down payment on a house when my husband got back. Cute little Cape Cod doll house - 820 square feet! Corner lot! Man, we had made The Big Time!
To this day, Dad, who I now take care of; he’ll be 80 this month, says the reason he likes me so much is that I left home and never came back! :)
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