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re: The High Cost of a Home Is Turning American Millennials Into the New Serfs

Posted on 8/21/17 at 5:06 pm to
Posted by Pecker
Rocky Top
Member since May 2015
16674 posts
Posted on 8/21/17 at 5:06 pm to
quote:

And the article's point is that lazy people had it better in 1980. Hard workers had it better too.


I understand that? I was commenting on a specific point made in the article.
Posted by AUCE05
Member since Dec 2009
42559 posts
Posted on 8/21/17 at 5:06 pm to
I would be interested to see how technology has played a role in this. More responsibilities due to being more connected, but salaries haven't kept up. People are just saying screw it, I'll just work less for less pay.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37047 posts
Posted on 8/21/17 at 5:06 pm to
quote:

It was an example of a worthless liberal arts degree. The problem is that we have more people going to school now. Everyone believes they need to go to school, even if they aren't particularly good at school. With more students and more worthless liberal arts degrees, there are also more graduates with huge debt they can't repay because they can't get jobs and never considered learning an actual skill.

My point is that if you have a worthwhile degree and aren't lazy, you can find a job.


What generation is advising these kids to go this route? What generation is running our high schools and telling kids that they won't be shite without a four year degree? What generation is yanking trade programs and apprenticeship programs out of school, because those skills aren't tested on the Leap Test?
Posted by TigerFanInSouthland
Louisiana
Member since Aug 2012
28065 posts
Posted on 8/21/17 at 5:07 pm to
quote:

Yes... some of the millennials eat way too much avocado toast and act like spoiled little turds - but that's a small percentage of the group. Most of them want to start moving up the corporate ladder - but they are blocked by the 55 and 60 year olds who just realized they need to start saving for retirement.


Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 8/21/17 at 5:07 pm to
quote:

My point is that if you have a worthwhile degree and aren't lazy, you can find a job.


This is true and I'm not excusing the people that get those stupid degrees at all, but the point is there is a lot of data that says even the young people that get the STEM degrees are making less in adjusted inflation dollars than people their parents age.
This post was edited on 8/21/17 at 5:08 pm
Posted by slackster
Houston
Member since Mar 2009
84758 posts
Posted on 8/21/17 at 5:07 pm to
quote:


I understand that? I was commenting on a specific point made in the article


Gotcha.
Posted by cas4t
Member since Jan 2010
70898 posts
Posted on 8/21/17 at 5:09 pm to
quote:

This. this generation wants the house, SUV, boat, and lifestyle they parents finally got to achieve when their kids moved out of the house., but they want it a 24


This is quite literally false on every level.

Millennials aren't buying any homes of any size, certainly aren't buying or even wanting to buy SUVs, are definitely not buying fricking boats, and the only lifestyle they want similar to their parents is to travel.

This generation is living inside their means more than the previous 2, mostly for reasons we all already know.

Your post is idiotic.
Posted by Evolved Simian
Bushwood Country Club
Member since Sep 2010
20490 posts
Posted on 8/21/17 at 5:09 pm to
quote:

it was your generation that raised millennials right


quote:

40-60 year old crowd


The oldest millennials are 36 now. They weren't raised by any fricking 40 year olds. And very few of them were raised by current 60 year olds.
Posted by Pecker
Rocky Top
Member since May 2015
16674 posts
Posted on 8/21/17 at 5:10 pm to
quote:

What generation is advising these kids to go this route?


How long can one blame his decisions on his parents? At what point are people responsible for their decisions? Are we to blame the prior generation for the Baby Boomer's behavior, which then led to our current problems? How far back do we go when attempting to assign responsibility?

Posted by Jim Rockford
Member since May 2011
98164 posts
Posted on 8/21/17 at 5:10 pm to
Just gas them and start over.
Posted by Ryan3232
Valet driver for TD staff
Member since Dec 2008
25791 posts
Posted on 8/21/17 at 5:10 pm to
quote:

This. this generation wants the house, SUV, boat, and lifestyle they parents finally got to achieve when their kids moved out of the house., but they want it a 24
I respect your interesting opinion, but this is opposite of the truth if you want to look at statistics on how much millennials devalue money compared to the past 2 generations. Gen Y and Z are the ones who were buying shite they couldn't afford...

Aka Gen Y, let's buy all this shite on credit and see what happens.

This post was edited on 8/21/17 at 5:12 pm
Posted by shotcaller1
Member since Oct 2014
7501 posts
Posted on 8/21/17 at 5:10 pm to
I think most of the flack millenials get is the fault of the generation that raised them.

Y'all gave them anything they've ever wanted, took them on vacations, treated them like babies until they left the house.

It's hard not to feel entitled when your whole life you're given what you want when you want it with no real consequences for poor behavior.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260191 posts
Posted on 8/21/17 at 5:11 pm to
quote:

Most of them want to start moving up the corporate ladder - but they are blocked by the 55 and 60 year olds who just realized they need to start saving for retirement.


Sorry kid.
Posted by shotcaller1
Member since Oct 2014
7501 posts
Posted on 8/21/17 at 5:11 pm to
Further, these are the same parents that let their kids major in whatever the hell they want while supporting them.

If any kid of mine wants to major in gender studies, they need to finance every aspect of that themselves. And that includes bills after school.
Posted by NIH
Member since Aug 2008
112579 posts
Posted on 8/21/17 at 5:12 pm to
quote:

This is quite literally false on every level.

Millennials aren't buying any homes of any size, certainly aren't buying or even wanting to buy SUVs, are definitely not buying fricking boats, and the only lifestyle they want similar to their parents is to travel.

This generation is living inside their means more than the previous 2, mostly for reasons we all already know.

Your post is idiotic.


His post may be applicable to plant workers and offshore baws, not millennial college grads.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37047 posts
Posted on 8/21/17 at 5:13 pm to
quote:

How long can one blame his decisions on his parents? At what point are people responsible for their decisions? Are we to blame the prior generation for the Baby Boomer's behavior, which then led to our current problems? How far back do we go when attempting to assign responsibility?


Well... how savvy is the average college student? If all they hear is the constant drumbeat of adults telling what to do... and their first act as high school grads is to do exactly what they have been told to do... that's going to be an issue, right?

By the time the average college student realizes they got crap advice, they are pot committed. And the only thing worse than 60K of student debt with a useless degree, is 30K of student debt with no degree.
Posted by NIH
Member since Aug 2008
112579 posts
Posted on 8/21/17 at 5:14 pm to
quote:

More millennials, notes a recent White House report, face far longer period of unemployment and suffer low rates of labor participation. More than 20 percent of people 18 to 34 live in poverty, up from 14 percent in 1980.


That doesn't necessarily mean the generation is lazy. Even those with "good" degrees are facing tougher times than their parents.
Posted by tLSU
Member since Oct 2007
8623 posts
Posted on 8/21/17 at 5:16 pm to
quote:


capitalism is working everyone I promise. It's just the millennials fault.


We could be more like one of these socialist paradises.

LINK

I wonder what buying a home in the Congo, Afghanistan, or Ethiopia is like these days.
Posted by Pecker
Rocky Top
Member since May 2015
16674 posts
Posted on 8/21/17 at 5:17 pm to
quote:

Well... how savvy is the average college student?


Why is that anyone's fault other than the college student? Again, if you want to do the generational blame game as an attempt to defer responsibility, you have to understand that there's no end to how far we can go. If it's the prior generation's fault for each generation's behavior then no one is ever at fault.

How about you look at individuals who are making bad decisions and tell them they are making bad decisions.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260191 posts
Posted on 8/21/17 at 5:17 pm to
quote:

doesn't necessarily mean the generation is lazy. Even those with "good" degrees are facing tougher times than their parents.


Its almost as if millennials never heard of 20% interest rates, inflation, high unemployment, mfg shutting down and gas lines of the 70s and 80s.
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