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

Posted on 4/21/20 at 3:43 pm to
Posted by bod312
Member since Jul 2015
846 posts
Posted on 4/21/20 at 3:43 pm to
What about % wise?
Posted by jchamil
Member since Nov 2009
19921 posts
Posted on 4/21/20 at 3:45 pm to
quote:

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.


I'm thinking it skips a generation because of what you said being too close in age, that puts most generations now at odds with their parents generation. I was born in '82 (I guess the end of being a millennial), my 1 and 3 year old boys will probably be in the generation blaming all their shite on us
Posted by bod312
Member since Jul 2015
846 posts
Posted on 4/21/20 at 3:47 pm to
quote:

I'm thinking it skips a generation because of what you said being too close in age, that puts most generations now at odds with their parents generation. I was born in '82 (I guess the end of being a millennial), my 1 and 3 year old boys will probably be in the generation blaming all their shite on us


shite, you are right. I was born in '87 and my kids are 1 and 3. I better start working on them now. They better show me some damn respect!
Posted by BregmansWheelbarrow
Member since Mar 2020
3431 posts
Posted on 4/21/20 at 3:49 pm to
Ok. So the oldest ones were in their 20s. But also preteens. How did I not understand?
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
73855 posts
Posted on 4/21/20 at 3:50 pm to
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 4/21/20 at 3:50 pm to
quote:

the Atlantic
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53839 posts
Posted on 4/21/20 at 3:51 pm to
quote:

I'm thinking it skips a generation because of what you said being too close in age, that puts most generations now at odds with their parents generation.

It probably depends on where you fall in your generation's birth years. I'd imagine there are plenty of older millennials with GenZ kids. Your 1 and 3 year old are going to be whatever comes after that.

I'm in the younger half of GenX and my kid is squarely in the middle of that generation as well.
This post was edited on 4/21/20 at 3:52 pm
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 4/21/20 at 3:52 pm to
quote:

dot.com bubble


The dot.com bubble looks like kids stuff compared to 2008. That wasn't even a bad recession.
Posted by lostinbr
Baton Rouge, LA
Member since Oct 2017
12866 posts
Posted on 4/21/20 at 3:53 pm to
quote:

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.

There’s a reason why they call Gen-X the “forgotten generation” or the “slacker generation”. You’re talking about the latchkey kids, and part of me thinks the kind of quiet, unassuming nature of Gen-X as a whole is why the Boomers are so put-off by Millenials. The Gen-X population is also smaller than both the Boomers and Millenials.
Posted by GreatLakesTiger24
Member since May 2012
61612 posts
Posted on 4/21/20 at 3:55 pm to
quote:

Ok. So the oldest ones were in their 20s. But also preteens. How did I not understand?
entering the job maker during a massive recession is not good
Posted by Jorts R Us
Member since Aug 2013
18071 posts
Posted on 4/21/20 at 3:57 pm to
quote:

and now having their 401K's blown up


But they aren't drawing on the 401k's yet...
Posted by Klark Kent
Houston via BR
Member since Jan 2008
75980 posts
Posted on 4/21/20 at 3:57 pm to
quote:

The Great Recession


is this what we are calling it now?

"Great Recession" doesn't hold a candle to what our parent's parents went thru with the Great Depression and it feels disingenuous to almost mimic the naming convention. IMO.

This seems like a dramatic representation compared to what i remember taking place in 2008. I graduated from college that year and still landed a full time job. Maybe don't get a bullshite degree?
Posted by mthorn2
Planet Louisiana
Member since Sep 2007
1620 posts
Posted on 4/21/20 at 3:58 pm to
quote:

Well that was dumb


Buying stocks low is dumb?!?! Why don't you enlighten us...
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 4/21/20 at 3:58 pm to
quote:

This seems like a dramatic representation compared to what i remember taking place in 2008. I graduated from college that year and still landed a full time job. Maybe don't get a bullshite degree?


"Things worked out great for me, so clearly all those millions of other people are just full of shite."
Posted by fillmoregandt
OTM
Member since Nov 2009
14368 posts
Posted on 4/21/20 at 4:00 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.


I read a stat last week that said as of that time, for every one CV19 death that 750 people had lost a job
Posted by Klark Kent
Houston via BR
Member since Jan 2008
75980 posts
Posted on 4/21/20 at 4:02 pm to
sorry for your bad luck, but it's still a dramatic representation IMO. So some Millenials had to move back in with their parents for a few months after college.
Posted by Jorts R Us
Member since Aug 2013
18071 posts
Posted on 4/21/20 at 4:03 pm to
quote:

This seems like a dramatic representation compared to what i remember taking place in 2008. I graduated from college that year and still landed a full time job.


Same here but acting like it was no big thing is a little ridiculous. Hell, I worked for a large outfit in an in-demand field and my arse was away from home for the first 1.5 years working on a low margin project that was essentially just a job saver for people. It wasn't a run-of-the-mill event.
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 4/21/20 at 4:06 pm to
quote:

sorry for your bad luck, but it's still a dramatic representation IMO. So some Millenials had to move back in with their parents for a few months after college.


Go read about the 08 financial crisis since you don't think it was a big deal.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53839 posts
Posted on 4/21/20 at 4:08 pm to
I worked for a large financial company during 08-09. 25% of our employees got the ax. I luckily wasn't one of them.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 4/21/20 at 4:08 pm to
quote:

sorry for your bad luck, but it's still a dramatic representation IMO. So some Millenials had to move back in with their parents for a few months after college.


I have a number of friends that graduated in the 2009 LSU Landscape Architecture class of 28 students. IIRC the breakdown was as follows:

4 got jobs in their field in US
6 got jobs in their field in Asia
18 ended up taking whatever job they could get...most of these never entered their intended industry.

This is the premier program in the country. Where firms outbid each other for the students and have a 100% industry placement rate in most years.
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