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re: The Next Recession Will Destroy Millennials

Posted on 8/27/19 at 8:24 am to
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
425838 posts
Posted on 8/27/19 at 8:24 am to
quote:

This improves our society’s productivity and thusly it’s standard of living.

for the sake of argument i'll assume this blanket statement is true, that doesn't mean that millenials aren't the generation feeling the brunt of this major societal change. somebody has to feel the negative effects of this crunch and it is millenials

there is a major mass of frick on a course of destruction in this country and it is the boomers. once they all die off things will be able to reset somewhat. however, the generations who will have to deal with all the negative externatlities of this clogged artery are the young gen x, millenials, and older gen z.

for example, SS/Medicare. the system will not be able to handle the boomers clogging up the dole, but once that large mass dies we can afford SS/Medicare again. however, who will be funding this blight on our society for decades? the lost generation
Posted by NikolaiJakov
Moscow
Member since Mar 2014
2803 posts
Posted on 8/27/19 at 8:27 am to
quote:

for example, SS/Medicare. the system will not be able to handle the boomers clogging up the dole, but once that large mass dies we can afford SS/Medicare again. however, who will be funding this blight on our society for decades? the lost generation


I was born in 1979, and the first thing I was told when I entered the full time work force was not depend on social security for my retirement, because it wouldn't be there.

We all knew entitlements were a problem, but politicians, regardless of their generation, have been too gutless to fix it, and some of us (fellow citizens of mine) are too dependant to want it fixed.
This post was edited on 8/27/19 at 8:28 am
Posted by whocares1
Member since Jun 2019
308 posts
Posted on 8/27/19 at 8:36 am to
quote:

for example, SS/Medicare. the system will not be able to handle the boomers clogging up the dole


Those programs are not entitlement programs, or weren't intended to be. Both were programs that an employee paid into for future retirement benefits. Allowing funds to be redirected to other programs and systemic abuse of the programs has turned them into something else.
Posted by whocares1
Member since Jun 2019
308 posts
Posted on 8/27/19 at 8:39 am to
Further, the focus on medical care shouldn't be how to pay for it. The problem with the medical/pharma industry is price. Fixing that would drastically improve everyone's standard of living.
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