re: Experian: Millennials have horrible credit

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Plus, the other benefit is paying off a balance every month establishes a good credit history.

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You have bought the sale pitch hook, line, and sinker.


2 to 3 companies control the credit card market

2 to 3 companies control the credit reporting market

When in history has near monopoly power been good for the masses?

Look I may be older but I was alive to see the fundamental shift from middle class to wage slavery when banks stopped making money on spread and switched to fees. When personal data was private and not sold and resold to others without compensation or permission.

Local and regional decision making and ownership means folks at the top that are accessible and by default want good schools and parks where their kids actually live. We have let the bean counters shift that to limited pockets of wealth concentration and 3 party jobs to places like India and the Philippines.

My old man served in WWII and his old man in WWI and I can assure you they did not fight for freedom and privacy so some corporate entity could sell the a security bill of goods about good credit being good for the country as a whole.

As for college, the GI bill may have been the greatest thing for making college affordable to the masses. Problem is we now see it as a mandate when we still need plumbers, electricians, and other trades that do not need a college degree you we have a society that now expects to go to college.

I grew up in a 2 bedroom house with 1 bathroom for a family of 5 so you learned early how to share and get along. The younger set now expects their own bedroom and bathroom. I get that folks surviving the Great Depression and World War II wanting a better world for their kids but they may have done them no favors in providing it. These kids (say 1938 to 1958) raised kids with even more sense of entitlement and they have had kids who expect even more.

When I was a kid I walked or took a bus because it was what I could afford but I grew up with a tight nit family. The next generation had cars (financed) so they had the easier life but some debt. At least a car meant freedom and independence. The next generation had playgroups across town instead of kids on your own street. That created a whole generation of folks who expected to be driven instead of driving themselves.

Corporate america has eroded your freedom slowly by degrees so freedom and privacy are no longer understood as you become sheep to the fewer and fewer holders of real wealth. Instead of fighting back you are eating your time trolling old people on the internet.



FWIW, if you are black, the Boomers marched so you had rights. If you are female, the Boomers marched so you had rights. While some Boomers became the corporate assholes of today, other put their own lives on the line for others so kindly don't lump them all in the same pot.

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FWIW, if you are black, the Boomers marched so you had rights. If you are female, the Boomers marched so you had rights. While some Boomers became the corporate assholes of today, other put their own lives on the line for others so kindly don't lump them all in the same pot.

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I’m a white guy, so you’re just sucking 7% out of each of my paychecks so you don’t have to live in the streets.

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giant houses

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2,500 sq foot house

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ETA: my house is bigger than that, you'll never guess when it was built (hint: it was a boomer that built it)

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ETA: my house is bigger than that, you'll never guess when it was built (hint: it was a boomer that built it)

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When was it built? How big is it?

I have a chart pulled up with the average sq ft by year, so we can do a comparison.

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Last I checked it was Boomers who ran us up into over 20 trillion in debt...

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Obama is a boomer so I guess you’re technically correct

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wtf are you talking about

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The 80's ushered in RR, reckless spending, and the whole "greed is good mantra". By the 90's they stopped selling goods on price but on monthly payments and the cost doubled. Local and regional banks became big conglomerates based out of the state and out of the country.

A freind of mine in state government started referring to it then as "wage slavery" where you make enough to survive but not enough to get ahead. You have the burden of debt over the security of savings. I am old enough to remember the "company towns" which had a similar feeling to what my friend referred to as wage slavery. When we are at an age where they sell you a phone on "monthly payments" it illustrates just how far down the rabbit hole we have fallen.

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sorry about the poor

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Don't be, what we lacked in wealth was more than compensated by real community.

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Most Republicans and Democrats only pretend to care about the debt when the other party is in office.

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They are both picking your wallet clean them blaming the other side for your woes. Will continue until the moderate majority takes back control from the far left and the far right crazies.

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millennials also have avg income of 33k because boomers wrecked their opportunities. f off

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Victimhood mentality.

I say this as a millennial: If you're making 33k it's because (1) you made poor decisions in life and/or (2) you're intellectually incapable of being worth more than that to an employer

I don't completely disagree with what you're saying, but i doesn't have much to do with credit being a scam. Having good credit makes buying a home and car more affordable, and CCs basically give you free money if you use it like a debit card. You have to adapt to the times.

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freind of mine in state government started referring to it then as "wage slavery" where you make enough to survive but not enough to get ahead

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I completely disagree with this. More people are moving into upper middle class than ever, which is basically the definition of getting ahead