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

Posted on 4/21/20 at 5:21 pm to
Posted by dcrews
Houston, TX
Member since Feb 2011
32130 posts
Posted on 4/21/20 at 5:21 pm to
Yeah, this pandemic is just business as usual
Posted by Klark Kent
Houston via BR
Member since Jan 2008
75980 posts
Posted on 4/21/20 at 5:24 pm to
yeah, more bullshite
Posted by DeafJam73
Baton Rouge
Member since Sep 2010
19122 posts
Posted on 4/21/20 at 5:43 pm to
quote:

“a lost generation,” having entered the labor force during the Great Recession in 2008 and now facing a second “once-in-a-lifetime downturn.”


It’s not that bad.

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.”


I’m a Millennial. I see what my fellow Millennials spend their money on. They’re just stupid with money.
Posted by FreddieMac
Baton Rouge
Member since Jun 2010
24965 posts
Posted on 4/21/20 at 5:49 pm to
I love how millennials all talk about getting screwed.

My great-grandmother grew up in the depression and fought ww2, never bitched about how unfair it was...
Posted by mthorn2
Planet Louisiana
Member since Sep 2007
1620 posts
Posted on 4/22/20 at 7:42 am to
quote:

Hoarding cash for 10+ years years in order to buy a 20% dip from ATHs is definitely not efficient or smart. The big dip from this brought us to January 2017 levels. You missed out on 8+ years of gains and 10+ years of dividends.


To date I've already made 25% of my investment and the economy hasn't even opened up. If they return to pre-virus levels I'll have made 110% profit. For ten years the money has been a cash safety net for my family. Its served it purpose and now we are able to have a safety net and leverage funds.
Posted by Hogs78
Arkansas
Member since Feb 2019
963 posts
Posted on 4/22/20 at 8:36 am to
106 millennials on ot instead of working. Plain lazy.
Posted by MusclesofBrussels
Member since Dec 2015
5034 posts
Posted on 4/22/20 at 9:14 am to
quote:



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 bull shite degree?


This is very stupid. You should be embarrassed
Posted by LSUGRAD2008
Baton Rouge
Member since Mar 2018
490 posts
Posted on 4/22/20 at 9:17 am to
Now the Ice Cream machines at McDonalds will never get fixed Damnit!!
Posted by Mike da Tigah
Bravo Romeo Lima Alpha
Member since Feb 2005
61883 posts
Posted on 4/22/20 at 9:47 am to
Once again, something that is about them.

What isn’t?
Posted by El Segundo Guy
1-866-DHS-2-ICE
Member since Aug 2014
11750 posts
Posted on 4/22/20 at 9:50 am to
I am a Gen Xer that is retired at 45 years old. I do believe that the Millennial generation will go down as the generation that was born into the worst situations possible in the history of mankind.

It has to be so, I read about it at least once a week.
Posted by Zendog
Santa Barbara
Member since Feb 2019
7085 posts
Posted on 4/22/20 at 9:51 am to
quote:

Millennials acting like victims



Again
Posted by GG_OZ_WM
Member since Dec 2005
386 posts
Posted on 4/22/20 at 9:57 am to
Not to mention the crippling governmental debt being passed on to them.
Posted by chateaublanc
Member since Apr 2020
1118 posts
Posted on 4/22/20 at 9:57 am to
quote:

Uh, we have a recession on average every 15 years or so. This isnt some new phenomenon

Millennials acting like victims


Boomers bailed themselves out on the backs of younger generations in 2008. They werent forced to sell assets they accrued with irresponsible behavior and voting practices to pay their bills. Banks failing would have hit THEM the hardest.

Now we have to destroy a record economy just to buy them a few more years
Posted by GreatLakesTiger24
Member since May 2012
61612 posts
Posted on 4/22/20 at 9:58 am to
quote:

To date I've already made 25% of my investment and the economy hasn't even opened up. If they return to pre-virus levels I'll have made 110% profit. For ten years the money has been a cash safety net for my family. Its served it purpose and now we are able to have a safety net and leverage funds.
you’re coming our way behind dude
Posted by tigerinthebueche
Member since Oct 2010
38241 posts
Posted on 4/22/20 at 10:01 am to
quote:

I read a stat last week that said as of that time, for every one CV19 death that 750 people had lost a job



those 750 unemployed should feel fortunate that they were forced to take this pandemic so seriously. There are others who haven't and are still outside and going to the store. Without a mask. And buying nonessential items.
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
74667 posts
Posted on 4/22/20 at 10:12 am 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.


What percentage of the American workforce is under 45 compared to over 45? That might explain why most of the people affected are under 45.
Posted by dukke v
PLUTO
Member since Jul 2006
216685 posts
Posted on 4/22/20 at 10:42 am to
Those poor people......

I mean those arrogant fricks........
Posted by lostinbr
Baton Rouge, LA
Member since Oct 2017
12866 posts
Posted on 4/22/20 at 10:58 am to
quote:

What percentage of the American workforce is under 45 compared to over 45? That might explain why most of the people affected are under 45.

Yeah, I posted this earlier in the thread:
quote:

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.

Misleading poll is misleading.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 4/22/20 at 10:59 am to
Are millennials whining again?
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 4/22/20 at 11:02 am to
quote:

love how millennials all talk about getting screwed.

My great-grandmother grew up in the depression and fought ww2, never bitched about how unfair it was...


If millennials get to experience the same postwar boom as your grandparents they probably won't complain either.
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