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24 Reasons Why Millennials Are Screaming Mad About America's "Unfair" Economy
Submitted by Michael Snyder via The Economic Collapse blog,
Do you want to know why Millennials seem so angry? We promised them that if they worked hard, stayed out of trouble and got good grades that they would be able to achieve the "American Dream". We told them not to worry about accumulating very high levels of student loan debt because there would be good jobs waiting for them at the end of the rainbow once they graduated. Well, it turns out that we lied to them. Nearly half of all Millennials are spending at least half of their paychecks to pay off debt, more than 30 percent of them are living with their parents because they can't find decent jobs, and this year the homeownership rate for Millennials sunk to a brand new all-time low. When you break U.S. adults down by age, our long-term economic decline has hit the Millennials the hardest by far. And yet somehow we expect them to bear the burden of providing Medicare, Social Security and other social welfare benefits to the rest of us as we get older. No wonder there is so much anger and frustration among our young people. The following are 24 reasons why Millennials are screaming mad about our unfair economy...
#1 The current savings rate for Millennials is negative 2 percent. Yes, you read that correctly. Not only aren't Millennials saving any money, they are actually spending a good bit more than they are earning every month.
#2 A survey conducted earlier this year found that 47 percent of all Millennials are using at least half of their paychecks to pay off debt.
#3 For U.S. households that are headed up by someone under the age of 40, average wealth is still about 30 percent below where it was back in 2007.
#4 In 2005, the homeownership rate for U.S. households headed up by someone under the age of 35 was approximately 43 percent. Today, it is sitting at about 36 percent.
#5 One recent survey discovered that an astounding 31.1 percent of all U.S. adults in the 18 to 34-year-old age bracket are currently living with their parents.
#6 At this point, the top 0.1 percent of all Americans have about as much wealth as the bottom 90 percent of all Americans combined. Needless to say, there aren't very many Millennials in that top 0.1 percent.
#7 Since Barack Obama has been in the White House, close to 40 percent of all 27-year-olds have spent at least some time unemployed.
#8 Only about one out of every five 27-year-olds owns a home at this point, and an astounding 80 percent of all 27-year-olds are paying off debt.
#9 In 2013, the ratio of what men in the 18 to 29-year-old age bracket were earning compared to what the general population was earning reached an all-time low.
#10 Back in the year 2000, 80 percent of all men in their late twenties had a full-time job. Today, only 65 percent do.
#11 In 2012, one study found that U.S. families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.
#12 Another study released back in 2011 discovered that U.S. households led by someone 65 years of age or older are 47 times wealthier than U.S. households led by someone 35 years of age or younger.
#13 Half of all college graduates in America are still financially dependent on their parents when they are two years out of college.
#14 In 1994, less than half of all college graduates left school with student loan debt. Today, it is over 70 percent.
#15 At this point, student loan debt has hit a grand total of 1.2 trillion dollars in the United States. That number has grown by about 84 percent just since 2008.
#16 According to the Pew Research Center, nearly four out of every ten U.S. households that are led by someone under the age of 40 are currently paying off student loan debt.
#17 In 2008, approximately 29 million Americans were paying off student loan debt. Today, that number has ballooned to 40 million.
#18 Since 2005, student loan debt burdens have absolutely exploded while salaries for young college graduates have actually declined…
The problem developing is that earnings and debt aren’t moving in the same direction. From 2005 to 2012, average student loan debt has jumped 35%, adjusting for inflation, while the median salary has actually dropped by 2.2%.
#19 According to CNN, 260,000 Americans with a college or professional degree made at or below the federal minimum wage last year.
#20 Even after accounting for inflation, the cost of college tuition increased by 275 percent between 1970 and 2013.
#21 In the years to come, much of the burden of paying for Medicare for our aging population will fall on Millennials. It is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025. In addition, it has been estimated that Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years. That comes to approximately $328,404 for every single household in the United States.
#22 In the years to come, much of the burden of paying for our exploding Medicaid system will fall on Millennials. Today, more than 70 million Americans are on Medicaid, and it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
#23 In the years to come, much of the burden of paying for our massive Ponzi scheme known as Social Security will fall on Millennials. Right now, there are more than 63 million Americans collecting Social Security benefits. By 2035, that number is projected to soar to an astounding 91 million. In 1945, there were 42 workers for every retiree receiving Social Security benefits. Today, that number has fallen to 2.5 workers, and if you eliminate all government workers, that leaves only 1.6 private sector workers for every retiree receiving Social Security benefits.
#24 Our national debt is currently sitting at a grand total of $17,937,617,036,693.09. It is on pace to roughly double during the Obama years, and Millennials are expected to service that debt for the rest of their lives.
Yes, there are certainly some Millennials that are flat broke because they are lazy and irresponsible.
But there are many others that have tried to do everything right and still find that they can't get any breaks. For example, Bloomberg recently shared the story of a young couple named Jason and Jessica Alinen...
The damage inflicted on U.S. households by the collapse of the housing market and recession wasn’t evenly distributed. Just ask Jason and Jessica Alinen.
The couple, who live near Seattle, declared bankruptcy in 2011 when the value of the house they then owned plunged to less than $200,000 from the $349,000 they paid for it four years earlier, just as the economic slump was about to start. Jason even stopped getting haircuts to save money.
“We thought we’d have a white picket fence, two kids, two dogs, and we’d have $100,000 in equity,” said Jason, 33, who does have two children. “It’s just really frustrating.”
Can you identify with them?
Most young Americans just want to work hard, buy a home and start a family.
But for millions of them, that dream might as well be a million miles away right now.
Unfortunately, most of them have absolutely no idea why this has happened.
Many of them end up blaming themselves. Many of them think that they are not talented enough or that they didn't work hard enough or that they don't know the right people.
What they don't know is that the truth is that decades of incredibly foolish decisions are starting to catch up with us in a major way, and they just happen to be caught in the crossfire.
Sadly, instead of becoming informed about what is happening to our country, a very large percentage of our young people are absolutely addicted to entertainment instead.
Below, I want to share with you a video that I recently came across. You can find it on YouTube right here. A student at Texas Tech University recently asked some of her classmates a series of questions. When they were asked about Brad Pitt or Jersey Shore they knew the answers right away. But when they were asked who won the Civil War or who the current Vice-President of the United States is, they deeply struggled. I think that this video says a lot about where we are as a society today...
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My electrical engineering student told me he couldn't get the classes he needed in a 2 year community college to transfer and finish at a 4 year school. I'm just praying he'll be able to get a job and pay the "parent plus" loan I signed for. When I went to college I rented a place by myself, made payments on a new car, and payed all my tuition; on wages from a part time job.
Is it possible that Banks & Wealthy plan to kill as much creativity in as many US People as possible?
American Inventiveness is very different from people that learn by rote learning... who are now coming to this country and will have positions of authority over our kids some day.
- STEM Skills, Accounting Skills, Logic, Critical Thinking
- Creativity
Not compatible with
- US Education System
- US High Debt Levels
- Stagnant Capital, Mal-Investment, Brain Drain, Decapitalization, Outsourcing, Off-Shoring
- No National Leadership on Economics or Jobs
""Getting an education in a field of interest is one, becoming a productive citizen is another. The reasons need not be mutually exclusive.""
They are mutually exclusive now.
Times change. An education that costs so much, must pay the bills or it will destroy the individual and society.
Students cannot afford to indulge this now.
The Millenials, like every other generation from the Baby Boomers to the Gen-X'ers to the AO (Always On) have been sold out.
The banksters and politicians would love for the generations to blame and fight with each other rather than hang them.
Were it not for interest on all this debt compounding, you would be right. Every generation has challenges. Those of the Millenials are literally compounding.
It's just a number in a computer somewhere. Turn off the computer, problem solved.
There is only ever one constraint, real resources. As industry and transport becomes more efficient, the real resources are increasing.
Millenials will be fine, because they will adapt. Boomers on the other hand are fucked.
Usually there are a number of big reforms that need to be addressed correctly when there is a big problem.
I'm not an auditor, but...
Bill Still video points to two things:
1) Stop issuing Debt based Currency from the Federal Reserve and issue Debt Free Currency from the Treasury (Banks create debt when they create loans and other Instruments)
2) Eliminate the ability of Banks to Lend Money they don't have
http://www.youtube.com/watch?v=VpSHzJROhfQ#t=727 (10 minutes in)
Propaganda: That the Government Controls the FED, The Banks control the FED & Control the Government
Bill Still says If we end the FED tomorrow, the Banks would still be in Control, and still charging you interest on your Debt...
IMO: There is room for Sweeping Reforms in the USA, in Government, and in Banking. Like you give all the power of money to TBTF Banks and they let the money stagnate, invest in Casino Type Investments, and we all watch as Industry is Decapitalized, Jobs go Overseas, Tuition is Inflated & Securitized, Young people are forced to consider huge Education Debt just for a competitive Wage and Grow into a Corporate Citizen.
How about the Next President decide to become a "Reformer".
- Start with Revoking McCain-Fiengold
- Forget Social Reforms, Forget Amnesty
- Economic Reforms, Banking Reforms, Close the Borders
- End Lobbying & Gift Giving to Government & Judicial Officials
i think Millenials will be fine, but sometime in the 2030s. They necessarily have to wait until the Boomers and their voting power dies off.
When I graduated from school only the top 20-25% when to college and then only 80% of those completed school. It was cheap, but the economy sucked in the mid-70's up to mid-80's and few had money. Credit cards and new cars were for the rich, no one could afford to borrow money at 20% interest. The rich paid CASH and used credit cards as a convenience. It was impossible to get credit for the average American.
Fast forward to now. 70-80% of HS grads go to college to study fuck all. Money is cheap to borrow and everyone drives a new car and has multiple credit cards. I'm amazed at the stupidity. A college degree today is worthless, unless you study engineering or the like. About half of the degrees mean underwater basket weaving.
I learned how to party like a fucking rock star and get laid. I learned nothing from 4 years of blah, blah, blah business administration. Most of that shit is common sense. I'm a millionaire because I'm smart and pay attention to economic trends. It had nothing to do with going to college.
Back in 2000 after college graudation, you can go door to door with your resume and end up in training the next week for a living wage.
Fast Forward to 2014. You're seasoned, experienced, COMPETATIVE. The trouble with Combat Snoopy is that Combat Snoopy has no real connections since 2007.
Since moving to a liberal city, Combat Snoopy experiences horrible racism, prejudice and discrimination which hurt Combat Snoopys' career very badly, before nepotists and the losers who stab you in the back for a $12/hour position.
So after being held to high standards by the worst pair of parents you could ever imagine (Sinister backstabbing boomer Military dad whose a bonefide member of the masochistic sick cult of John Lennon with an explosive raging temper who held you to high standards with a death grip; and a psychotic tiger mom who basically tore you down at the soul before you put up with discrimination from the teaching staff and your fellow students at an all white loser school after being beaten to a pulp by psychotic tiger mom). After being exploited as a meal ticket for the visa sponsors so the 3rd world "victims" can dope up and gamble your money away in Asia; you put yourself through college (student loans are $20,000- 1/200th of what boomer speculators take out for counterfeit subprime real estate ponzi scheme housing),,,,
Got myself a job, worked really hard, worked well, got better---- then got laid off!
Not just once. MANY times. I finally figured out that racism DID have something to do with it, before then it was a horrible mind fuck where "friends" acquaintences and family put you down in your time of need. I was beaten as a child for stealing $40 worth of merchandise as a child. Now the idiots are holding me hostage so the boomer trash can rob me. When family members were sick, the money I brought to the family as a meal ticket was handed over to someone with a "mental condition" whose "cures" included pedicures, perms, new clothes, high end make up... when I'm physically ill- family tries to throw me a way in a garbage draft dodging baby boomers' war for "medical insurance". The thieves never came to my side- nope! The boomers continued to rob me with stagflation and horribly high inflation in shelter in unsafe neighborhoods. I was curled up on the floor at MEPS with a health condition and was yelled at by some fat blonde bitch in uniform in Los Angeles. I will never forgive my family. there is absolutely nothing in the world beautiful enough to justify this crap. Before being forced to live with psychotic abusive junkies due to the horrible cost of living index. THE BOOMER CASTE SYSTEM WOULD NOT ALLOW ME TO FEND FOR MYSELF OR COME TO MY OWN AID. THEY GOT IN THE WAY AND HELPED THE ATTACKERS. ALL OF THEM.
So after dealing wtih a lot of ugly realities that reality can offer: I keep sending out resumes.
THOUSANDS of them. Since 2006.
After Wells Fargo and the like who wasted my money on expensive transit and parking, dry cleaning, showers, resume paper, resume print outs.... on no money (unemployment gets you nowhere in California- it's MUCH better to have a job).... they run you into interviews with absolutely no intention of hiring you.
I did this for a few years and was canned many times after paying 20% when I'm LUCKY enough to break the lower middle income barrier. Deloitte embezzled unemployment monies and didn't tell anyone there was nothing coming in during the holidays one year.
I had my property damaged from crime when i moved to take a job. The next move (for work), I was racially harassed, physically attacked and robbed of $400 by a racist white tweaker trash landlady whom the Santa Barbara sheriffs enabled and helped. So I'm looking again after being jerked around. Because I'm not rich, connected, or a white trust fund bitch, "millinial" hipster asshole, not a yuppie asshole and def. not a boomer.
It's very hard to make connections from my position because I think real estate for small talk is boring rubbish.
Right now I dont' even know why I exist or that I even do.
So last week, I had a recruiter interview... for an advisor's assistant position that I am actually overqualified for.
I NEED A lifeline and a living wage in PURCHASING POWER. I have absolutely no control over my fate and I'm being judged and abused for it.
So what is going through my mind right now is that i know Advil and Tylenol clears up the pain- it's down the street, not across the street.
Sorry to hear that Snoop. Speaking from personal experience I heard the regional accounting firm here in Ohio, SS&G was acquired by a larger firm and there will certainly be layoffs as they "consolidate" operations at all staff levels. I was speaking with the controller at a place I did a temporary assignment with and he was going to refer me some candidates. Our firm is also hiring.
If you have a background in finance, IT or accounting as I suspect you do from those emails you posted feel free to comment here (or PM me if that exists on ZH) and I'll see what I can do. Relocation to NE Ohio would be required though.
One Hedger helping another is a fundamental value of this site.
As a person who moved from liberal land to Ohio, there are more opportunities and Choom shows the general care people give to others out here. Snoop, you do control your destiny. Every moment is another chance to turn it all around.
All three of your above respondees missed it - you are boosting his self-esteem. It's not his fault. Tut-tut. All three of you did the same, and all three of you missed that Snoop did NOT follow directions in an interview.
It is very clear to me that Millenials ARE clueless, you really DO need to have everyone be a winner, you really DO need to make everyone feel as though it is not their fault, you really DO lack responsibility.
You guys have just proven the article correct by the content of your replies to Snoop, your support for him, and the fact that all of you missed the detail about why he did not escalate to the next round of interviews.
He has a bad attitude, a chip on his shoulder, and does not follow directions.
He is unhire-able with his current mindset.
I sympathized with him, a guy unemployed and down on his luck and gave him some support, Maybe you should do the same.
I bet you celebrate Christmas, fuckwit, while letting people rot.
I don't celebrate Christmas.
He is not down on his luck! You missed the clues, HE MISSED THE CLUES.
HE DOES NOT FOLLOW DIRECTIONS WHEN REQUESTED IN AN INTERVIEW.
How much more clearly do I need to restate what he admitted himself in an email? He overlooked it, you overlooked it.
That is why he does not get callbacks. Bad attitude, arrogance, know-it-all-ism and being blind when someone gives him advice.
Here, third time is thread, is why he did not make the final cut:
instructions said to write a 3 -4 paragraph essay and you didn’t exactly follow the instructions.
instructions said to write a 3 -4 paragraph essay and you didn’t exactly follow the instructions.
instructions said to write a 3 -4 paragraph essay and you didn’t exactly follow the instructions.
When you do not do what the interviewer asks of you, that shows you are not fit for the position. I could explain the many things it reveals, but none of them are good if you want to be an employee.
Combatsnoopy; Yeah, we seem to eat the young and stifle their creativity. I'm past middle age now. I got a Business degree and took a bunch more credit since I hated business working for old timers with impossible standards.
I wish I had your experience. Sounds like you were in accounting, auditing and worked with computers.
I've worked with computers but never felt called to be a programer or certified worker. I would definitely do life over in many ways if my family wasn't so tough to live with... would have been great if I had a study environment growing up. I needed real adults.
Anyway... I read where some graduates are able to find work in Mexico city and other countries in finance, working with computers maybe.
I'm not prepared to start a business myself. Maybe you can find local banks to work with you around your skill area to create a business & business plan.
Worst thing for me to do in response to my work frustrations is drink alcohol and watch TV after 10 PM. I've never had good sleep. Even though I never drank everyday... conservative supervisors and seem to think that was always my problem.
I know a guy that landed a Job in the VA trying to start like a 3rd career. He says he was mind fucked by a former Army Officer who was his supervisor. Exact words. Mind Fucked. And he ended up with a painful disease brought on by Stress.
Best thing I can say is You Are Correct you are being treated poorly since there are too many employees in the USA. 1st if was Women Entering the Work Force in the 1960-70s... now things are 3 times worse.
I'm going to quit drinking, and learn more accounting and auditing skills... I'd like to be more of an expert on 2008 Crash.
Used to be a long list of US Accounting Scandals in Wikipedia... I think Deloite was listed there.
"The instructions said to write a 3-4 paragraph essay and you didn't exactly follow the instructions."
You have a bad attitude and don't follow directions.
If you were so overqualified in soft skills you would have easily figured out what the hiring manager wanted to hear and said it to them. When they tell you to do something as part of an interview, do it next time.
Ok?
Don't argue, just do it.
You have a huge chip on your shoulder and I can see it here from Central Asia. Any recruiter would be a saint to be polite to you to your face, with your attitude as it is.
I used to be that guy swimming through 950 email responses.
Maybe you could listen to what I say...or...you could continue as you have been.
The Young have good reason to be unhappy. The generation that is now beginning to retire seems to have leverage its size into favorable policy that it will enjoy in later life. An American born in 1945 can expect nearly $2.2m in lifetime net transfers from the "state" far more than they pay in, and far more than any previous group.
A study by the International Monetary Fund in 2011 compared the tax bills of what different age citizens pay over their lifetime with the value of the benefits that they are forecast to receive. The boomers are leaving a huge bill. More about the burden we are placing on future generations in the article below.
http://brucewilds.blogspot.com/2013/03/the-young-will-be-burdened.html
Facts like that largely irrevelant here and the same when talking to any Boomer who is retired or near-retired. Any society that devotes the lion's share of its resources to its least productive members (elderly) or to war/defense ($1T and counting) is doomed for failure and quickly and that is exactly what the US is doing and double-downed the past 15 years.
Thank you for thr truth.
The strange thing is almost without exception they mostly all believe "government should help them". they're almost all indoctrinated, institutionalized. Quite a shame. They don't understand government intervention in the last 30 years CREATED the fucking problems.
Don't blame them, that's the product of public education...
So? I went to public schools and by the age of 13 it was clear that it was mostly bullshit. In college it was all bullshit when you took a non-STEM course.
Maybe I expect too much of others, but if I can figure it out at 13 then others can figure it out at 22.
They voted him in, didn't they? So what's the problem, elections have consequences.
I sound like a broken record here... get a cert in CNC programming ferrchrissakes. Even in my craptasticla shit hole of a state there are CNC jobs up the wazoo. I know a few people who started out at 50K and all the OT they could handle on top of that. Not exacly chump change comin' out of the gate runnin'.
We???
Feed them to the lions.
#2 A survey conducted earlier this year found that 47 percent of all Millennials are using at least half of their paychecks to pay off debt.
There are numerous repayment options for Government backed student loans. You can change your option at any time. Loan terms are 10-25 years. But they do offer a 'pay as you earn repayment plan where you don't have to pay any more than 10% of your discretionary income on a monthly basis. Of course, your payment changes as your earnings change.
So, if 47% of Millenials are using at least half of their paychecks to pay off debt,
1) Millenials are to be applauded for voluntarily paying off debt as fast as they can.
or
2) Millenials are too stupid to know they have other options for repayment.
or
3) They're paying off credit card debt for reckless spending habits.
Who's we? I didn't lie to my kids and frequently debated with them about what their instructors were teaching them. They aren't perfect but they both got degrees in a major they could find employment in and are doing quite nicely while always thinking analytically about what they are being sold. Neither live at home as many of their friend do which pursued majors that a blind could see would not lead to a job. Maybe their parents lied to them, but I didn't.
Not really. Does it have something to do with 'fairness'?
Sure. Who was expecting otherwise? You know, if you are at a poker table and you don't know who the sucker is, it's you.
mmm, I'm starting to see what my problem is playing Poker :)
I didnt lie to them, but after they got 'educated' they wouldn't believe me anymore.
Yep. I tell them their education was brainwashing and socio-political indoctrination, but I am old and a man and thus an out of touch dinosaur.
I really thought before I opened the post that #5 would be #1
"Can you identify with them?"
No, but I can identify them. They're the whiny IAMs that have self-entitlement emblazoned on their attitudes. They were raised in the everyone is a winner and mediocrity is excellence mindset. They frequently almost run me over or crash into me when the clueless bastards are texting while driving. Especially the girls. They make slackers look like a good hire. 99.9 are brainwashed into following the Western ideal. And there are plenty of replicants of everything Hollywood in their place here
Ironic
They want the gubmit to fix problems that.....the fucking gubmit created in the first place. Yet, in their defense, in 12-16 years of 'free' public education they have heard no other way, especially if their parents didn't attempt to correct the lies and deceptions.
Hey You Fucked Up and voted for the democrats. Maybe next time you will learn. And yet the GOP is bad...just not as bad as Obama....matter fact no one is that bad!
Sorry Vent, but the blue team and the red team are just the two cheeks on the same ass, and if you still believe that your vote actually counts, oh well.
This isn't so bad. In fact it's pretty fantastic for single Gen X guys with money.
Ohhhh yeah.
Sooooo, what will the Millennials do about it?.......nothing, absolutely nothing, you end up with what you accept is your lot in life.
Speaking as a Millennial . . . my generation is almost entirely willfully ignorant. It is honestly like taking candy from a baby for those who are smart enough (or cruel enough depending on your viewpoint) to profit off of us.
Please, sell us a new iPhone every year.
Please, sell me media that is the same every season.
Please, sell me poisoned food and water.
Please. keep me (brain)dead, dumb, and stupid.
Ignorance is no excuse for stupidity, but by god are we great at pretending it is.
These are the kind of sheep that ended up in large Newfoundland infantry divisions in World War I.
They will spend all day on their $200/month smartphone complaining on Vines/Instagram/Pinterest/Facebook/Twitter.
IOW, they will do nothing.
http://postgradproblems.com/5-truths-about-millennials-4/
We are slowling coming to realize the scale of the deception that was drilled in our heads from birth.
I see an issue with millenials in that there is too much of a willingness to go with the group rather than find your own entrepeneurial way. Making money in real estate development is about buying the right land when everything one else is too afraid to. Those who bought in 2009 and sold in 2013 are killing it. Making money in publicly traded markets is about the same contrarian strategy. Yet with millenials I see a follow the herd mentality. This is damaging your future earnings and highly detrimental to innovation as well, me thinks...
It's the Killer Algorithms again!
http://www.ducknet.net/attack-of-the-killer-algorithms/
It's really sad and you can't blame them for being mad at all.
To hell with these kids.
You ARE entitled, lazy, have unwarranted self-esteem, and expect too much. So mommy and daddy treated you as special. You are not. Get over it and join the rest of us earning a living.
I see the recent graduates, the gap year benders and the ones who barely finished high school, and there is little to be said for them.
The more educated they are, the more insufferable they are.
Ivy League and the 2nd Tier 'Ivy League' are the worst, one cannot even speak to them the arrogance is off the charts and visible from 50 metres.
Americans the worst, Australia, Canada, British the least.
Yeah, they believed the lie about debt==success, but they don't do the radical action required to turn it around.
1) Destroy your smartphone. Save the money and buy a $10 disposable 2004 clone. You will still have a social life, NO YOU DO NOT NEED ONE TO NETWORK OR DATE OR GET HIRED, and you will save money you don't have.
2) Stop spending money. Stop all debt based purchases. I don't care if you walk to work 5 miles, stop it with the debt. Forever. For life.
3) Stop working for free. This is just exploitation, and NO IT WON'T HELP YOU GET SKILLS OR A JOB. Start doing anything PAID, including cleaning sewers by hand.
4) Stop all social media and internet activity. It's not real life, it will prove to be an anti-social fade in the future, and it is not helping you do anything productive.
I suggest you all live in a squatters house and walk to work until you are 29, it will do you some good.
Save some money. All debt is always bad. Never buy a new car ever.
If anyone gives you grief about any of these choices, cut them out of your life.
You are young. You can work 75 hours a week and not be tired. What YOU think of as ''tired'' is nothing to a 55 year old's version of ''tired''.
I slept in public parks and walked miles to work, in the early 1980's. Shut the fuck up and stop whinging.
This is good one half of the solution.
Second half is repudiating actual predation. If they let odler generations saddle them with debt made before they were even born than life of prudence won't help that much.
"Most young Americans just want to work hard, buy a home and start a family."
here let me help
"Most young Americans just want to text all day, sip lattes and post pictures of themselves on facebook and be given a huge salary for no skills while taking endless paid personal days"
many millenials dont even realize how screwed they are.
they're too busy watching TV and going on facebook/social media
They also think that texting all day, be on facebook and twitter, and playing computer games all day are good skills and will make you a millionaire.
The generation is really fucked is the one between the baby boomers and the millennials. That generation has to deal with the effects of the selfish behaviour of the babyboomers and clean up their shit while listerning to the whining of the millennials.
Screaming mad? Fuck that. More like pacified.
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And to see what the douche-bag media media have to say…
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from Monday, November 10th,
http://www.cnbc.com/id/102137209
Millennials put no stock in equities"Millennials are skeptical of long-term investing as the way to achieve their own success," said Sameer Aurora, head of client strategy at UBS. Instead, they believe more in the power of saving, something that's a hallmark of the generation that lived through the Second World War.
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Saving what?
•?•
V-V
So who's fault is it that millenials know who Brad Pitt is but nothing about history, math, geo politics, etc? Not the baby boomers fault.
Simply go back to elementary school and high school and notice how much easier primary education has become - making it more comfortable for the student and teacher NOT to demand any sort of proficiency of elementary skills in math, reading, etc.
We have shoveled more money into education than any other country on earth and 85 percent of that money has flowed into salaries of people who support the next Dem candidate who promises to shovel even more money into the system There are still good jobs available in engineering type fields but it requires study habits unlike majors such Black Female Transexual Studies and the like.
Plus the lefty "personal is political". Exploring "me me me" is now completely dignified form of spending your days. I'm not talking about self-discovery done in personal time, but careers built on race, queerness or life having a vagina (pretty much on "not being white cis male").
People whoring details of personal lives on Facebook are not the odd idiot shouting in a bar things better left to smaller audiences... they are normal. I'm not from USA whatever I've seen about culture of schools in that country was mostly on TV, but if this portrayal of never ending quest for popularity is accurate than it's crippling students. It's making the superficial crap into a venerated goal to achieve. Than you leave school and continue attention seeking on social networks, not by striving for achievement, but by crafting a fake narrative of your life.
Good one.
Millennials, and generation x, can get in the employment rationing line
right behind the tail end of the baby boomers that got shut out by the baby boomers. Frankly, I think the baby boomers fucked the entire world up with their sheer numbers and their greed for all things materialism. Either way you slice and dice it the millennials are just going to have to innovate when it comes to getting money.
Either way you slice and dice it the millennials are just going to have to revolt.
Neoliberal propaganda is working well on people like you. Instead of looking at our problem as an economic divide, you focus on generational politics. The vast majority of boomers are part of the 90% that is losing wealth to the elites. And they have been given no real political choices by the duopoly, who manufactures our consent with mainstream media cooperation, for decades.
<<< things are awesome in the land of the "free"
<<< debt slavery is the death grip of the USSA
More of the same stuff from the 'Grasshopper Generation' that since they took power in '92 has enacted massive unpaid tax cuts, fought 2 massive and extended foreign wars that were fought with borrowed dollars, and spent like a drunken fish.
Worst part about it is the massive hypocrisy you see on here from Boomers especially the right.
I have noticed that people are conservative till about age 65 then they become very socialist, might have something to do with gov. hand outs. So yeah the boomers voted for "Obrother." Rock and roll, drugs and ssi baby !!
In order to get the job People have to see that what they would be aspiring to be is worth the time and head damage. Who want to fall in and schlep some corporate line and work their days through working on the next big paper ponzi, write the money-creating algorithms skinning the world of anything of value. or work with technologies that incinerate Peole, poison the water supply, starve the children, destroy families and such?
Don't do evil.
Far better it is to hold on to ones creative urge and help figure a way to feed everyone, create/conserve energy, design warm clothes or inexpensive housing, get the word out on how to shed reaionuclides that are in the water, air, and food... extend your creativity and build on that!
What will the headline be whn this same article is posted again here in two days?
My wife and I are from the interface of boomers/gen xers (1964,1966).
I have a ph.d in chemistry and she is a masters prepared certified nurse-midwife. We lived the corporate life for a while and then became aware and moved to the mantra that debt is dumb, one should live maximum freedom with maximum responsibility, never trust the govt, learn a real skill, and move towards the mind set that one is truly free when you can feed yourself while associating with like minded people that possess skills that we do not.
Our girls have been given not only the gift of a great education, but also the gift of critical thinking and logic. They are kick ass millennials because they embrace our principles but are skilled kids with an advanced degree in nursing ( a practitioner not a theorist) and the other a chem e.
Their friends in high school and current came/come to our homestead to see the mad scientist in action. Most of them can't/couldn't grasp any of our freedom principles and self-sufficiency do to a lack of critical thinking skills. Still we have several that got it and are receptive to learning "survival" principles through actions with us rather than practicing paralysis by analysis or conspiracy theory debate.
Finally to my point: stop worrying about the NWO and start fighting for the future by getting off of your ass and lead the millennials you detest into the future collapse by preparing as many as possible. You can only accomplish this through action, not through mental masterbation by arguing minutiae on ZH
Learn to feed and protect yourself and others, and the collapse will look like just another day in your life.
Excellent points...
I have a 7yo daughter whose mother is a typical, brain-washed, statist liberal. I teach her critical thinking and will one day teach her very similar survival / self-sustanance skills as my wife and I transition to our farm in Costa Rica over the next few years. The most important thing I think I can teach my child (and hopefully others along the way) is to challenge the status quo and return to liberty through actions.
The assumption about medicare is always funny to me. Who's to say that when the millenials take over the government that we don't disassemble medicare and throw all the baby boomers out on their asses?
Didn't Millennials vote overwhelmingly for Obama? And they're unhappy with the result? They may not have much money but with what they have they need to buy a clue.
Millenial here.
I have found a great way to avoid all this:
Current Account Balance: $0.00
Thank me later.
I'm a millennial and I do think there is a generational difference between boomers and millennials, mainly, that we grew up with the internet.
I could sit here and blame the baby boomers for their consumerism, reefer madness drug war, propaganda culture and everything else they have passed down to us. But they could blame their parents, and they would blame their parents, and so on and so on. It doesn't really get you anywhere and individuals need to take responsibility for their own lives and actions. Boomers and Millenials alike.
I think it doesn't matter what has happened to you, it only matters what you do about it. There will have to be sacrifices for both generations.