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Message

re: Millennials are getting screwed by the economy. Again.

Posted on 4/21/20 at 3:17 pm to
Posted by dawgfan24348
Member since Oct 2011
51733 posts
Posted on 4/21/20 at 3:17 pm to
quote:

This isnt some new phenomenon


fricking what
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41925 posts
Posted on 4/21/20 at 3:17 pm to
quote:

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.


Well that was dumb
Posted by GreatLakesTiger24
Member since May 2012
61612 posts
Posted on 4/21/20 at 3:19 pm to
quote:

Most probably don't have a bunch of cash on hand to actually make real money in the stock market. P
how much is a bunch, or enough?
Posted by AUTimbo
Member since Sep 2011
3375 posts
Posted on 4/21/20 at 3:21 pm to
quote:

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.


I call bull @$&%.
Posted by Oilfieldbiology
Member since Nov 2016
42786 posts
Posted on 4/21/20 at 3:21 pm to
We said
Posted by AUCE05
Member since Dec 2009
45428 posts
Posted on 4/21/20 at 3:24 pm to
Boomers are terrible at leading. Nothing new.
Posted by The Torch
DFW The Dub
Member since Aug 2014
30531 posts
Posted on 4/21/20 at 3:29 pm to
quote:

millennials are going to bear the brunt of this economic crisis


Guess mom will not be getting that $50.00 for rent this month.
Posted by BregmansWheelbarrow
Member since Mar 2020
3431 posts
Posted on 4/21/20 at 3:29 pm to
12 years ago millennials were in their early 20s. They weren’t bearing the burden of anything.
Posted by Moonlight
Florence, Italy
Member since Jan 2007
1171 posts
Posted on 4/21/20 at 3:30 pm to
Millennials could control the government if they would vote. Wish they would.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 4/21/20 at 3:31 pm to
quote:

argued in a recent piece that millennials are essentially “a lost generation,” 


This was said about gen x and they survived. So will millennials, just a lot more whining thrown in.
Posted by Smeg
Member since Aug 2018
15892 posts
Posted on 4/21/20 at 3:32 pm to
Millennials (who lean to the left) wanted the country shutdown because "orange man bad" (protip: it was never really about "saving lives").

Well, enjoy the effects of your wish. You don't have money when the economy is shut down. Guess you should have thought about that.
Posted by DemonKA3268
Parts Unknown
Member since Oct 2015
21240 posts
Posted on 4/21/20 at 3:33 pm to
quote:

Millennials could control the government if they would vote. Wish they would.


Not sure that would be a good thing.
Posted by tigerinthebueche
Member since Oct 2010
38241 posts
Posted on 4/21/20 at 3:34 pm to
quote:

Millennials, Lowrey argues, have never really had any economic security, and this pandemic all but guarantees “that they will be the first generation in modern American history to end up poorer than their parents.”



if it saves just one life.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 4/21/20 at 3:34 pm to
quote:

I call bull @$&%.


LINK

The primary industries with a median age below the total-workforce median age of 42.3 are:

Mining, quarrying, and oil and gas extraction - 41.8
Wholesale and retail trade - 39.9
Information - 40.7
Leisure and hospitality - 31.9


Very possible that 52% of these industries have been outright laid off, furloughed, or working reduced hours...
This post was edited on 4/21/20 at 3:37 pm
Posted by bod312
Member since Jul 2015
846 posts
Posted on 4/21/20 at 3:35 pm to
quote:

Millennials could control the government if they would vote. Wish they would.


Why would they go out and do something when they could just sit there and complain about it instead. Although I don't want to see Bernie president so I thank many of my fellow millennials for exercising their right not to vote.
Posted by jchamil
Member since Nov 2009
19921 posts
Posted on 4/21/20 at 3:38 pm to
Every time I read one of these generation threads, I always remember this from Mike and the Mechanics:

"Every generation blames the one before
And all of their frustrations come beating at your door"

20 years from now, kids are going to be blaming everything on millennials
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 4/21/20 at 3:39 pm to
quote:

Millennials could control the government if they would vote. Wish they would.




This post was edited on 4/21/20 at 3:41 pm
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 4/21/20 at 3:40 pm to
quote:

Every generation blames the one before 
And all of their frustrations come beating at your door" 

20 years from now, kids are going to be blaming everything on millennials


Late boomers and Millinnials have a hell of a lot in common.
Posted by hubertcumberdale
Member since Nov 2009
7894 posts
Posted on 4/21/20 at 3:41 pm to
quote:

12 years ago millennials were in their early 20s. They weren’t bearing the burden of anything.




Since this is hard for some people to understand

Posted by bod312
Member since Jul 2015
846 posts
Posted on 4/21/20 at 3:41 pm to
quote:

Every time I read one of these generation threads, I always remember this from Mike and the Mechanics:

"Every generation blames the one before
And all of their frustrations come beating at your door"

20 years from now, kids are going to be blaming everything on millennials


I agree but why do millennials skip Gen-X? Is it generally skip 1 generation due to age difference (i.e. not that big of a difference age wise between X and millennials). If that is the case Gen-Z will blame Gen-x and then those just now being born will blame millennials.
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