re: The 'lost generation' of millennials born in the 1980s may never be as rich as their paren

Born in 82 average income over the last five years 375k. I love America

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Of course, we can't tell you how many times we're befuddle when we ask you to do something 3 weeks ago, and then, when we follow up, you tell us in day 2 you ran into an obstacle so, no, you haven't.

There's sort of an obvious follow up to the "ran in to an obstacle" part that I find very few millennial even seem aware of.

I'm always like, "cool. You ran into an obstacle. Tell me about the things you did to try and overcome that obstacle".

Answer is typically...........jack shite. They basically took the obstacle as an "oh boy, now I have an excuse to not do that" sign.

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Sounds like you need to fire some people

All this crying about the cost of college tuition just has me seeing red on so many levels.

First level. I graduated from PRINCETON with ZERO student debt, none, went on and got a Masters from the same school. ZERO debt. Sure I had to be in the military and fight in a couple wars , but I didn't have any student debt. Lots of other people have done the same. I'd wager that 60% of people who have student loan debt honestly shouldn't have been in college to begin with. I mean if you're a good student, there are people willing to pay for your college.

Second Level - The very people screaming and crying about the cost of college are not only too stupid to understand that the very programs that they support (IE pell grants and federally guaranteed student loans) are why college costs have skyrocketed, but they also look down their noses at anyone who has went into the work force right out of school rather than went into debt to obtain a college degree.

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You both realize that the stereotypes you're throwing out there are not unique to the generation you're bashing, right?

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My 1st post in this thread bashed the frick out of MY generation.

There's plenty of bashing to go around.

I'm simply saying that acting like somehow, the shite millennials have bumped in to is some kind of generational abomination is absurd.

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Yeah rent is a killer thank god for roommates. $1200/mo is steep.

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My first apartment was a 1BR apartment that I rented for $298 in 1985. In fact, here it is still today. 2nd video, the smaller one. Small 1BR

It can be had today for $798. A whole $100 over what $298 is in today's dollars.

Of course, had I not wanted to rent then, mortgage rates were about 12%. LOL.

So again, let's not lose our minds here acting like you guys have it so fricking hard.

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I'm simply saying that acting like somehow, the shite millennials have bumped in to is some kind of generational abomination is absurd.

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And you are ignoring the entire premise of the thread. Which is that millennials are a generational anomaly in terms of wealth acquisition. The statistics will bear that out.

You can talk about UE rates and inflation all you want. The proof is in the wealth

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And you are ignoring the entire premise of the thread. Which is that millennials are a generational anomaly in terms of wealth acquisition. The statistics will bear that out.

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Well. I don't disagree with the above fact.

Where I disagree is with the idea that the cause of the above is some heretofore unseen horror foist upon you.

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You can talk about UE rates and inflation all you want. The proof is in the wealth

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That's kinda not how "proof" works.

You can't use the result to prove a cause that YOU declare. ESPECIALLY when that supposed cause isn't even unusual historically speaking.

Hell. Go ahead. Tell me how you had it worse than an adult who turned 18 in 1929.

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I'm doing fine now.. but the last decade was rough and set me back a lot through no fault of my own

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Again, I get that.

It's just not terribly unique. It's a sentence that can be uttered by significant portions of the people alive today.

Hell, just for giggles, let's at least acknowledge that if you have to have the economy take a shite on you for 10 years, you'd rather it happen when you're 18 than when you're 32. Think about it.

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Hell. Go ahead. Tell me how you had it worse than an adult who turned 18 in 1929.

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I’m not going to say it’s worse than that time period. But it’s certainly worse than the 70s and 80s that you allude to, on average. My parents grew up then. They wouldn’t argue

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So then why are millennial unable to acquire wealth if it’s not student loans, rent prices, and the bad years of the recession?

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A very good question.

It just doesn't have the answer you want to apply to it. As I've pretty much proven because every measure you say has caused it has been seen before........in spades.......repetitively. Combined with other shitty measures like, "yeah, about that...........yes, we'll send you to war against your will and then when you come back, inflation will be absurd, UE will be high and mortgage rates will be comical"

I mean, at least put yourself in those shoes a second. Imagine being 18 in 1970, you get drafted, you do the Vietnam thing, or, you don't get drafted but many of your friend do and die. And, coming out the back side of that shite is an economy so bad, it actually did shite we didn't think it could do. They had to create a whole fricking new term for it! Stagflation!

You know how we worry that job growth will cause inflation? LOL, in the 70s, you got job shrinkage and inflation! A double bonus.

If you were 18 in 1970, the first time you could really look forward to several decent years in a row was about 1984. 82 at best.

Grow the frick up. Man up. Grab some balls and stop whining. The reason for the problem you've identified exists, but it damned sure ain't unique economic circumstances.