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The unluckiest generation in U.S. history
Posted on 5/27/20 at 12:55 pm
Posted on 5/27/20 at 12:55 pm
quote:
After accounting for the present crisis, the average millennial has experienced slower economic growth since entering the workforce than any other generation in U.S. history.
Millennials will bear these economic scars the rest of their lives, in the form of lower earnings, lower wealth and delayed milestones, such as homeownership.
This recession steamrolled younger workers just as millennials were entering their prime working years — the oldest millennials are nearing 40 while the youngest are in their mid-20s. Millennial employment plunged by 16 percent in March and April this year, our calculations show. That’s faster than either Gen X (12 percent) or the baby boomers (13 percent).
Proportionally, the even younger generation, known as zoomers, suffered worse than all of them. A third of their jobs vaporized in two months in 2020. But Gen Z is only just entering the labor force — the oldest zoomers are in their early 20s — so their losses weren’t as large in absolute terms.
Gray Kimbrough, an economist with American University who we’ve previously and accurately branded a serial millennial myth debunker, points out the oldest millennials, such as himself, lived through the 9/11 terrorist attacks and entered the labor market in the recession that hit around the same time. They spent their early years struggling to find work during a jobless recovery, only to be hit by the Great Recession and another jobless recovery. And, of course, yet another recession.
LINK
Posted on 5/27/20 at 12:56 pm to Bench McElroy
quote:
The unluckiest generation in U.S. history
Children and grandchildren of the boomers
Posted on 5/27/20 at 12:56 pm to Bench McElroy
Peak of technology and medicine. All time low in crime.
My heart bleeds.
My heart bleeds.
Posted on 5/27/20 at 12:57 pm to Bench McElroy
I got to see tGOAT MJ play on NBC
Im cool
Im cool
Posted on 5/27/20 at 12:57 pm to Bench McElroy
I don't know. I'm a millennial, but I kinda feel like the generations that died in the Civil War, WWI, and WWII kinda had it worse
Posted on 5/27/20 at 12:57 pm to Bench McElroy
quote:
Millennials will bear these economic scars the rest of their lives, in the form of lower earnings, lower wealth and delayed milestones, such as homeownership.
Posted on 5/27/20 at 12:57 pm to Bench McElroy
(no message)
This post was edited on 1/11/21 at 12:54 am
Posted on 5/27/20 at 12:59 pm to Bench McElroy
Millennials want everything handed to them. If someone walked up with a silver platter with everything they wanted on it half of them would be too lazy to stand up and grab the platter. You gotta make some moves to move up in the world.
eta: nice downvotes but im a millennial myself and I see it in people around my age. They don't want to work for shite.
eta: nice downvotes but im a millennial myself and I see it in people around my age. They don't want to work for shite.
This post was edited on 5/27/20 at 1:13 pm
Posted on 5/27/20 at 1:00 pm to Bench McElroy
whiniest generation in U.S. history
Posted on 5/27/20 at 1:00 pm to Bench McElroy
can we have this post Fact checked like Twitter?
Posted on 5/27/20 at 1:01 pm to Bench McElroy
Not this shite again.
Born in 86
Born in 86
Posted on 5/27/20 at 1:01 pm to Bench McElroy
The depressing part is that the full extent won't be realized until years down the road. Only then will the stunted professional and financial growth be evident.
Posted on 5/27/20 at 1:02 pm to Bench McElroy
quote:
The unluckiest generation in U.S. history
quote:
millennial
Bless their little hearts
Posted on 5/27/20 at 1:04 pm to Bench McElroy
Get back to me when they spend their adolescent and teen years wondering where their next meal is coming from then get thrown headlong into a world war.
Posted on 5/27/20 at 1:05 pm to Bench McElroy
I'd say fighting in the civil war would be pretty unlucky
Posted on 5/27/20 at 1:05 pm to Bench McElroy
They have it made compared to the hard working Americans from years past that set them up for a life of being lazy and wanting something for it.
Posted on 5/27/20 at 1:06 pm to Bench McElroy
Don't worry baws. Our time will come and we can frick over the zoomers and whatever gender neutral little shits that come after them.
Posted on 5/27/20 at 1:07 pm to Bench McElroy
Bitch wouldn’t last a day with cholera
Posted on 5/27/20 at 1:07 pm to Bench McElroy
OP cites a bunch of bullshite!
How about folks born in 1915? They suffered two world wars with the great depression in between.
The reason we are experiencing low economic growth is because folks won't work. I have two millennials in my extended family who don't have jobs. There is only one reason: they won't work.
The USA is responsible for tremendous, unprecedented growth, but it's mostly happening in other countries who are doing the jobs we're creating, and you useless motherfrickers won't do. Bunch of pussies! Bunch of mother fricking pussies!
Not you OP, or any other of you millennials who might be reading this.
How about folks born in 1915? They suffered two world wars with the great depression in between.
The reason we are experiencing low economic growth is because folks won't work. I have two millennials in my extended family who don't have jobs. There is only one reason: they won't work.
The USA is responsible for tremendous, unprecedented growth, but it's mostly happening in other countries who are doing the jobs we're creating, and you useless motherfrickers won't do. Bunch of pussies! Bunch of mother fricking pussies!
Not you OP, or any other of you millennials who might be reading this.
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