A Majority Of Millennials Blame Baby Boomers For Destroying Their LIves

Millennials, the largest and most significant generation for the US labor market, came of age in the era of broken central bank policies, leading to the greatest wealth, income and inequality gap in recent history. While baby boomers promised millennials the world through (expensive) college degrees, this generation discovered that massive student loans coupled with a deteriorating work environment had turned them into permanent debt and rent slaves.

And now, according to a new Axios/Survey Monkey poll, millennials are getting angry, and starting to point fingers and cast blame, with a majority accusing baby boomers of not just making things difficult for them, but, of “ruining their lives.”

The survey found 51% of millennials (18 to 34-year-olds) blame baby boomers (51 to 69-year-olds) for making a raft of poor decisions since the 1980s, that have contributed to a weak political and economic environment; only 13% said the boomers made things better. Gen Xers was not satisfied with the pesky boomers, either; as 42% of them have blamed their life’s troubles on the boomers. Most amusingly, upon self-reflection, 30% of boomers agreed that their generation’s policies had made things worse, while only 32% said they had made it better, and 34% answered it made no difference.

This new Axios/SurveyMonkey online poll was conducted April 9-13 among 4,638 adults in the United States. The modeled error estimate is 2 percentage points. Data have been weighted for age, race, sex, education, and geography using the Census Bureau’s American Community Survey to reflect the demographic composition of the United States age 18 and over. Crosstabs available here. (Chart: Axios Visuals)

When asked on how to improve today’s economic and political environment, millennials had several modest proposals:

  • “Remove all old government officials and term limits for the House and Congress,” a 34-year-old male Republican said.
  • A number said “Impeach Trump” and “vote.”
  • “Sleep more because you will be less sensitive to negative emotions,” said a 22-year-old female Democrat.
  • Axios also said millennials have little confidence in their fiscal responsibility than boomers: 56 percent of millennials said they are “extremely” or “very” efficient in wealth preservation techniques, compared with 80 percent of those over 70-years old.

While the economy has entered its late-cycle phase, the dangerous rift is growing between the millennials and boomers, each wrestling for a smaller pool of jobs and shrinking government handouts. The intergenerational conflict will only escalate due to the historic accumulation of debt, and unprecedented shifts in demographics and automation, which will only accelerate into the 2020s.

But the punchline is that if Millennials loathe Boomers now when the economy is still doing relatively well thanks to a decade of central planning and trillions in liquidity, one can only imagine how delighted they will be when the next recession, or rather depression, hits.

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Comments

sabaj49 DownWithYogaPants Wed, 04/25/2018 - 18:25 Permalink

I remember my grandmother - a very conservative woman - say back in 70's about the limited resources like oil say

well I'm going to use it until there isn't any - and that I'll be gone long before it is

and she was right then

we'll ALL continue to use up the resources of mother earth(fruit fly syndrome) until we have nothing left

then WW III can begin in earnest when starving go looking for others resource to take from them

 

of course the PITY ME party(mils) will continue to blame everyone but themselves until they ARE ONES being blamed for not doing something

In reply to by DownWithYogaPants

D503 zero_pussy Wed, 04/25/2018 - 18:56 Permalink

Gen X, and I openly mock the boomers as they age. It's going to be incredibly amusing watching the supposed pathetic millenials let you boomers die in the street. 

Me? Oh I'll be filming it and selling millenials their own rage back to them. 

Us Gen X'rs knew you were pieces of shit, you were our parents after all. 

In reply to by zero_pussy

Mr. Universe Team_Huli Wed, 04/25/2018 - 20:08 Permalink

I must be one of those Boomers who wrecked everything because we saved, have zero debt and can retire without depending on the government. The pension and SS is icing on the cake.  One thing though, I seem to recall the Boomers complaining about how the previous generations wrecked everything for them as well. Some things never change I guess. One thing that did was a real eye opener as to where things were headed. When Boomers started turning 40 trying to find a job comparable or better than your old job became rare indeed. Many Boomers went BK, lost houses and savings because there were no jobs for those over 40. I knew an MBA who was a VP for a tech company that went belly up. He tried 3 years and finally settled working at BART. 

Tech and financial services is where all the cash is. The first is a advertising scam using the internet, the second is morally bankrupt. As they were fond of saying in the valley back in the day..."we have experienced a paradigm shift". No shit, Sherlock.

In reply to by Team_Huli

various1 Conscious Reviver Wed, 04/25/2018 - 22:27 Permalink

 My respect for readers of this site and commenters is now down to zero again. Babyboomers did indeed allowed for destruction of America. Non of baby boomers paid for colleges. Homes were few years of work income, and everyone were employed no matter education.

Wow. This is biggest spew of hypocracy or stupidity I have ever read. Baby-boomers are either most stupid generation in human history, or simply most evil.

On the upside, respect for millennials is at all times high.

In reply to by Conscious Reviver

iLLivaniLLi19 armageddon addahere Thu, 04/26/2018 - 09:23 Permalink

Why do we have to do anything? It's imminently more logical to just wait for Boomers to die (30 years tops) and take your stuff on the cheap. We know you know that we know that, and your solution is to try to make us think we'll have to compete with all the immigrants you're letting in so we should just buy now before it's too late!

 

You might hate the millennials but you love your kids and grandkids, nieces and nephews. So we'll sit tight and wait. You guys always said patience was a virtue.

In reply to by armageddon addahere

Theosebes Goodfellow Conscious Reviver Thu, 04/26/2018 - 02:55 Permalink

~"Take your winnings off the table and get out while you can."~

Done. We're out and have very little exposure to the financial markets, including banks. And yeah, when the economy tanked in 2000 I left manufacturing after putting in 21 years, (at the time). I lost a house too. Been there, bit that.

The biggest challenge for millennials is their video addiction. Yes, they can blame their parents for that. You want to get somewhere in life? Kill your television. Limit your internet time to 2 hours a day MAX. As the saying goes, "Get a life".

And with that, I'll leave this here.

In reply to by Conscious Reviver

roddy6667 Mr. Universe Wed, 04/25/2018 - 21:54 Permalink

My wife and I are retired Boomers. We have a comfortable retirement because we saved money. After the kids were on their own, we doubled down and saved $30,000 a year on a $72,000 income and had no debt. I see damn few people doing that these days.

I see morons our age going into retirement with mortgages, car payments and credit card debt. Alpo for dinner again?

In reply to by Mr. Universe

AGuy Mr. Universe Wed, 04/25/2018 - 21:58 Permalink

"I must be one of those Boomers who wrecked everything because we saved, have zero debt and can retire without depending on the government. The pension and SS is icing on the cake."

For every productive boomer there are 3 to 5 entitled boomers, that are in debt, and have little savings. They bought fancy cars they could not afford, McMansions with jumbo mortgages, Vacation homes, luxury vacations, you name it.

In reply to by Mr. Universe

kralizec Mr. Universe Thu, 04/26/2018 - 07:54 Permalink

There are three basic groups of Boomers so maybe butthurt Millennial douchebags better apply some critical thinking ability and understand that only elements of the three bears any blame of the sort you douchebags want to toss.  The first wave from the Greatest Generation were largely the kids that came to age in the 50's and early 60's, some not all of this group started the smelly hippie commie crap.  Then came the bigger post-war surge and these are the poor bastards that came to age in the 60's and early 70's and formed most of the smelly hippie commie ranks and infected the world with blind stupidity relativistic psuedo-moral bullshit, tree-hugging/economy-destroying eco-cultism yadda yadda yadda...culminated in the leadership cadre that added steriods to the Neo-Keynesian economic policy of robbing from the future to satisfy the present.  Then there were the tail-enders who came to age in the 70's...some of whom adopted wisdom while others joined the stinky.  Oh, and every generation has its providers and looters, role models and write-off's, additions and subtractions.  So buckle up snowflake...my guess there will be more butthurt for you.

In reply to by Mr. Universe

cheeseheader Jon Bong Jovi Wed, 04/25/2018 - 23:38 Permalink

Middle of Boomers...retired last year.  Son was in town last weekend; told him my generation ruined it for his with all-you-can-scoop-income from the eighties/nineties driving up housing/appliances/RE/anything b/c of dual income couples, and keeping up w/ the Jones syndrome.

I moved away from all that on the North Shore (including my native-born ex from there).

Now I'm in the land of the 5 C's....

In reply to by Jon Bong Jovi

TeethVillage88s cheeseheader Thu, 04/26/2018 - 06:19 Permalink

Mr. Universe had good post above.  2 words "Finance Capitalism, + Nixon Shock + 1979 Outsourcing + WTO Creation + China as most favored nation & $811 Billion annual trade imbalance in 2017

US Trade Petrol Non FT900 Exh. 9 - January 2018 - exh9.pdf

Welcome to the Robot Economy.

- jobs flight, human capital flight, capital hoarding, mal-investment, control fraud by TBTF & many FIREs industries... Nixon Shock, Smithsonian Agreement, Louvre Accord, Plaza Accord

In reply to by cheeseheader

Oldwood DownWithYogaPants Wed, 04/25/2018 - 19:16 Permalink

I've not seen a young person digging a ditch or doing any serious labor in the last twenty five years. Most of the old farts I know started out doing labor type jobs....at the bottom, not of the office pool, but work that Mexicans will no longer do.

It's so tiring to hear these poor little crybabies complaining that they aren't "winning" when they have doen so very little to win except reading progressive publications of how "they was robbed", brochures that they can't pawn off on the blacks from the last fifty years.

If the young want to see the template of their future simply look at those "oppressed" who came before them. Blacks were preached to for decades of how they had no chance against "the man", how the game was rigged, blah, blah, blah. Meanwhile those who ignored that backward shit advanced, got educated and pursued careers, while their oppressed breathren sold drugs and dreamed of their career in the NBA.

What is interesting is how Hispanics were never targeted in such a way while truly being oppressed and they worked, saved, invested and grew wealth and prosperity. Of course the progressives saw the error in the ways, seeing Hispanics as a potentially much larger voting block than Blacks, especially if voting laws are pretty much ignored. They have worked hard for the last decade to fully indoctrinate Hispanics as the next great "oppressed" and have started working to convince them they no longer need to work, that entitlements are theirs as well, given their long history of oppression as reparations. 

In reply to by DownWithYogaPants

Dickweed Wang Oldwood Wed, 04/25/2018 - 19:57 Permalink

I've not seen a young person digging a ditch or doing any serious labor in the last twenty five years.

 

My son is 21 and we were just talking the other day about how kids his age don't know how to do shit with their hands (except maybe beat off or type on their phone passifiers).  Thank God he's not one of them cause if the shit ever does hit the fan it's what you know how to do that will be your most valuable asset.

In reply to by Oldwood

Oldwood crossroaddemon Wed, 04/25/2018 - 20:58 Permalink

Many of us started as hourly wage workers to learn our skills....and more importantly to learn to actually show up, to take responsibility, to serve. You know....the things a self employed person must do to succeed.

I've been self employed for most of my life but I've always had a boss, be it my employer or my customer. I will agree that those expecting to achieve in a job what another can do as self employed is largely deluded, but I have no criticism of those choosing employment UNLESS they demand the rewards of risk without actually taking risk. There are lots of people who tried self employment and either failed or simply quit because of the stress. It's not for everybody.

In reply to by crossroaddemon

MoreFreedom fishpoem Thu, 04/26/2018 - 09:18 Permalink

Your hiring manager story brings to mind the recent Drudge headline, about a woman who stole another person's identity so she could get a six figure job.  And when she got it, it all fell apart because she couldn't do the job.  The funny thing about this, is that some people think they can do any job, and they're too uneducated to even know it.   And I speak as someone who's been employed for over 35 years and also helped start and eventually sell a successful business on the side.  

In reply to by fishpoem

AGuy Mr Hankey Wed, 04/25/2018 - 22:06 Permalink

"I want to work 40 hrs a week & live in a house & have a new car ."

FWIW: Boomers that could *really* afford a nice home and car worked far more than 40 hours away. That said there were a lot of boomers that only worked 40 hours a week with a home & car(s), but they couldn't afford them. They use debt to give an appearance of success.

As a Gen-X, Ive never worked 40 hours a week to be successful. Usually its was 60 to 75 hours a week for me, with very little vacation time.

In reply to by Mr Hankey