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re: Millennials are getting screwed by the economy. Again.
Posted on 4/21/20 at 2:53 pm to RLDSC FAN
Posted on 4/21/20 at 2:53 pm to RLDSC FAN
You'll get pushback and downvotes, but millenials really were dealt a shitty economic card in both 2008 and now. Some millenials were just getting back to where they should have been only to get kicked in the teeth again by this covid BS. So it goes. Sure, we'll bitch on social media, but we'll get back up. We've done it before.
On the plus side when all things are considered, the War on Terror wasn't too bad to the males of our generation when compared to other wars fought by older generations.
On the plus side when all things are considered, the War on Terror wasn't too bad to the males of our generation when compared to other wars fought by older generations.
1
Posted on 4/21/20 at 2:54 pm to geauxtigers87
quote:
shite on millennials all you want but some of us started high school with 9/11, ended it with Katrina, the Great Recession, and now this. Yall boomer fricks haven't done shite but frick everything up
People that are currently 45 aren't millennials but got hit with all of this too. Just at a slightly older age.
Posted on 4/21/20 at 2:54 pm to RLDSC FAN
I generally don't like to post in these broad-brush threads about generations. But for the most part, if you look at a professional's career they spend their 20's learning the craft, 30's leading a team, 40's managing a division, 50's running the company, 60's consulting...
Of course, the above is insanely generalized...but if you look at the average career of someone who is motivated to succeed it's a good baseline.
So those millennials who are in their mid-30's and getting leadership opportunities are now being laid off, delayed promotions again, etc.
Of course, the above is insanely generalized...but if you look at the average career of someone who is motivated to succeed it's a good baseline.
So those millennials who are in their mid-30's and getting leadership opportunities are now being laid off, delayed promotions again, etc.
Posted on 4/21/20 at 2:55 pm to hubertcumberdale
quote:most millennials are in their late 20s or in their 30s I’d guess
What liquidity does a millennial have right now to throw at stocks? I imagine most are more worried about rent in the coming months.
So hopefully a good bit
Posted on 4/21/20 at 2:55 pm to RLDSC FAN
i blame it on avocado toast and micro breweries. god is saying you are doing it wrong..
ham sandwich and miller high life is what jesus would consume
ham sandwich and miller high life is what jesus would consume
Posted on 4/21/20 at 2:55 pm to RLDSC FAN
Ahh, poor millennials, always the victims. The worst attention whore generation since the boomers.
This post was edited on 4/21/20 at 2:56 pm
Posted on 4/21/20 at 2:56 pm to fallguy_1978
quote:
quote:
shite on millennials all you want but some of us started high school with 9/11, ended it with Katrina, the Great Recession, and now this. Yall boomer fricks haven't done shite but frick everything up
People that are currently 45 aren't millennials but got hit with all of this too. Just at a slightly older age.
Weren't boomers hit with all of this as well just at a slightly older age?
I don't get how 9/11 or the dot.com bubble or the great recession or this pandemic did not affect boomers. Not directed at you just in general. As a millennial I just can't see how everyone blames boomers or acts like they were dealt any tougher of a hand than any other generation. I would argue technology has opened up many opportunities for us that older generations won't get.
Posted on 4/21/20 at 2:58 pm to Golfer
quote:
I generally don't like to post in these broad-brush threads about generations. But for the most part, if you look at a professional's career they spend their 20's learning the craft, 30's leading a team, 40's managing a division, 50's running the company, 60's consulting...
Of course, the above is insanely generalized...but if you look at the average career of someone who is motivated to succeed it's a good baseline.
So those millennials who are in their mid-30's and getting leadership opportunities are now being laid off, delayed promotions again, etc.
Imagine the older folks who are just about to start running the company and then they were laid off. Hmm, almost like it affects them as well.
This post was edited on 4/21/20 at 2:59 pm
Posted on 4/21/20 at 3:00 pm to RLDSC FAN
I guess im lucky, I didn't go into the full time workforce in 2008, although I don't recall LA even going through a recession then, we were booming. And I'm gaining money now because I'm not spending it.
Posted on 4/21/20 at 3:01 pm to bod312
quote:
Weren't boomers hit with all of this as well just at a slightly older age?
They were. I just found the article interesting because their numbers included people in the latter half of GenX as well which were absolutely impacted by all of that too.
Perhaps the less tenured employees are more likely to be laid off? I saw Boomers, GenX and Millennials lose their jobs in 08-09.
Posted on 4/21/20 at 3:02 pm to geauxtigers87
Freshman year of highschool was 9/11. Freshman year at LSU was Katrina. Graduated undergrad in 2009.
Oh well, such is life
Oh well, such is life
Posted on 4/21/20 at 3:02 pm to TH03
It's either he or his partner in crime The Boat.
Posted on 4/21/20 at 3:02 pm to RLDSC FAN
quote:
Here’s a brutal statistic: One poll found 52 percent of Americans under the age of 45 have either lost their job, been put on leave, or had their hours dramatically cut as a result of the coronavirus pandemic, compared to 26 percent of people over the age of 45.
In other news, only 51% of people over the age of 45 are employed to begin with vs. 75% ages 18-44.
That means that 39% of employed voters under the age of 45 have either lost their job, been put on leave, or had their hours dramatically cut as a result of the coronavirus pandemic, compared to 51% of employed voters over the age of 45.
Seems like a pretty significant factor to leave out of the poll findings, unless someone sees that they have corrected for employment status. As far as I can tell they have not:
quote:
Specifically, we asked: “Have you lost a job, been put on leave or otherwise had your hours reduced because of the Coronavirus pandemic?”
Those surveyed were then provided the five following response options:
-Yes, lost job entirely
-Yes, had paid hours reduced
- No, but I expect to lose employment or paid hours in the next few weeks
- No, my employment hasn’t changed or my hours have increased
ETA: From the survey link in the article:
quote:
From April 5, 2020 to April 6, 2020, Data for Progress conducted a survey of 2644 likely voters nationally using web panel respondents. The sample was weighted to be representative of likely voters by age, gender, education, urbanicity, race, and voting history. The survey was conducted in English. The margin of error is ± 1.9 percent.
There is nothing in the report that says they asked respondents to confirm their employment status before COVID-19 - meaning that someone who is retired, on disability, etc. would count as “no, my employment status hasn’t changed.”
This post was edited on 4/21/20 at 3:14 pm
Posted on 4/21/20 at 3:05 pm to hubertcumberdale
quote:
The boomers did what they were bred to do, be spoiled greedy arrogant assholes only benefiting themselves. They were the kids of the greatest generation and got everything handed to them on a silver platter, what did anyone expect? For them to all of a sudden think of others?
Boomers kids are millennials. They thought of us when they were paying for all of your shite.
That's something lost on these people. We have more than what they had as kids. That was the point, to give your kid a better life than you had.
Posted on 4/21/20 at 3:05 pm to fallguy_1978
I did not read it all but I wonder if different types of jobs and sectors played into it at all. I don't know if there is a noticeable difference in job make up by age/generation (i.e. gig workers, blue collar, union workers, versus industry or sector, etc.)
Posted on 4/21/20 at 3:06 pm to bod312
quote:
Imagine the older folks who are just about to start running the company and then they were laid off. Hmm, almost like it affects them as well.
quote:
Of course, the above is insanely generalized
Posted on 4/21/20 at 3:08 pm to bod312
quote:
Imagine the older folks who are just about to start running the company and then they were laid off. Hmm, almost like it affects them as well.
You understand people running companies are the last to get "laid off" right?
Posted on 4/21/20 at 3:10 pm to RLDSC FAN
This millennial learned BIG lessons during the 2008 recession. I've worked harder over the years because of it and stock piled as much cash as possible in preparation of the 'next' economic downturn. That cash has recently been released into the wild at extremely low stock prices. Finally working towards wealth as a W2 employee.
Posted on 4/21/20 at 3:15 pm to lowhound
quote:
Dude, this is time to buy. Millennials getting into stocks on the cheap will make big reward in years to come.
That's my mentality but wouldn't millennials be 20s or early 30s?
Most probably don't have a bunch of cash on hand to actually make real money in the stock market. Particularly if they've just lost a job with the shutdown
Posted on 4/21/20 at 3:17 pm to icegator337
quote:
That's my mentality but wouldn't millennials be 20s or early 30s?
I think they are 24-38'ish right now.
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