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re: This depressing chart shows the jaw-dropping wealth gap between millennials and boomers

Posted on 12/5/19 at 3:42 pm to
Posted by cable
Member since Oct 2018
9662 posts
Posted on 12/5/19 at 3:42 pm to
I'm a solid Xer. When I got out of college the economy was in the shitter and people were getting laid off left and right. This is probably the best economy the country has ever had. I'd love to see the Millenials face the kind of recessions that the Xs and Boomers both had to face. And it's always someone else's fault with this generation.
Posted by jclem11
Neoliberal Shill
Member since Nov 2011
7858 posts
Posted on 12/5/19 at 3:43 pm to
quote:

I'd love to see the Millenials face the kind of recessions that the Xs and Boomers both had to face


Great recession of 08 says hello. Or were you living under a rock then?
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35568 posts
Posted on 12/5/19 at 3:43 pm to
quote:

I'd love to see the Millenials face the kind of recessions that the Xs and Boomers both had to face.


Lmao imagine actually typing this hahaha
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 12/5/19 at 3:44 pm to
quote:

I'm a solid Xer. When I got out of college the economy was in the shitter and people were getting laid off left and right. This is probably the best economy the country has ever had. I'd love to see the Millenials face the kind of recessions that the Xs and Boomers both had to face. And it's always someone else's fault with this generation.


It's not that linear. It's far more complex than that. Some light reading on economics and finance will help.
Posted by TH03
Mogadishu
Member since Dec 2008
171080 posts
Posted on 12/5/19 at 3:46 pm to
quote:

When I got out of college the economy was in the shitter and people were getting laid off left and right.


What year was that?

quote:

This is probably the best economy the country has ever had


And only millennials get to reap the benefits?
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55889 posts
Posted on 12/5/19 at 3:50 pm to
quote:

I'm a solid Xer. When I got out of college the economy was in the shitter and people were getting laid off left and right. This is probably the best economy the country has ever had. I'd love to see the Millenials face the kind of recessions that the Xs and Boomers both had to face. And it's always someone else's fault with this generation.


Oh goodness
Posted by Salmon
On the trails
Member since Feb 2008
83650 posts
Posted on 12/5/19 at 3:50 pm to
quote:

I'm a solid Xer. When I got out of college the economy was in the shitter and people were getting laid off left and right.


please say you graduated in 08 and 09
Posted by Papplesbeast
St. Louis
Member since Dec 2014
826 posts
Posted on 12/5/19 at 4:03 pm to
quote:

I'm a solid Xer. When I got out of college the economy was in the shitter and people were getting laid off left and right. This is probably the best economy the country has ever had. I'd love to see the Millenials face the kind of recessions that the Xs and Boomers both had to face. And it's always someone else's fault with this generation.

No, this isn't even close to the best economy this country has ever had. The last time this country had a GDP growth rate above 3% was 2005. Here's the average GDP growth rate each decade since WWII:

1950s: 4.2%
1960s: 5.2%
1970s: 3.7%
1980s: 3.9%
1990s: 4.0%
2000s: 1.9%
2010s: 2.4%
Since Trump took office (2016): 2.7%

The economy is doing growing faster under Trump than it did under Obama, but this is a long, long, long way from being the best economy this country has ever had.
Posted by BottomlandBrew
Member since Aug 2010
27171 posts
Posted on 12/5/19 at 4:13 pm to
quote:

I'd love to see the Millenials face the kind of recessions that the Xs and Boomers both had to face


I laugh at your shitty economy argument. I graduated college in 2008 with a degree from the #1 program in the nation. Half of my class was lucky to find jobs, and most of us who did find jobs were laid off within a couple months.
Posted by OKBoomerSooner
Member since Dec 2019
3140 posts
Posted on 12/5/19 at 4:14 pm to
quote:

I'd love to see the Millenials face the kind of recessions that the Xs and Boomers both had to face.

what is 2008?
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