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Message
re: Millennials are the biggest — but poorest — generation
Posted on 12/2/19 at 7:00 am to RLDSC FAN
Posted on 12/2/19 at 7:00 am to RLDSC FAN
quote:
One-fifth of all home purchases are made possible through family money, while one in six Americans receives financial help from their parents on items ranging from the phone bill to rent. Collectively, parents of adult children are spending twice as much on their kids as they are saving for own retirement, CBS News has reported.
Pussy arse parents need to cut the umbilical cord.
This post was edited on 12/2/19 at 7:02 am
0
Posted on 12/2/19 at 7:01 am to RLDSC FAN
Here is the kicker? Who raised them? Just saying
Posted on 12/2/19 at 7:06 am to bad93ex
quote:
Well as a millennial, I am sure that I am not the only one with a net negative worth since I am carrying some student loan debt for my STEM degree but I stand to inherit an incredible amount from my boomer parents. Is this how it works or am I supposed to built this on my own?
I see this a lot. Parents in their late sixties and early 70s have significant wealth. They are either starting to gift to their millennial children or have set up their estate plans to pass this wealth to the kids.
Posted on 12/2/19 at 7:08 am to SuperSaint
Maybe, but my wife is a Millennial, graduated from Ga Tech, walked out the door with a diploma and a job, making good money with a job that came with shite tons of benefits. STEM or get the frick out.
Posted on 12/2/19 at 7:16 am to RLDSC FAN
Millennials just need to wait. I’m a boomer and inherited nearly zero from my greatest generation parents, which had tons of children and populated the work force. . But now the riches of the last 80 years will be passed on to the millennials, who will inherit over 7 trillion dollars in the next decade. What will they do with the money? Invest as the boomers did or spend it on coffee and phones and rent ? Parent a workforce or bring in cheap labor from other countries?
Posted on 12/2/19 at 7:17 am to jimbeam
quote:
Thanks Boomers.
You're welcome
Posted on 12/2/19 at 7:19 am to RLDSC FAN
They need to start paying taxes to keep me in the lifestyle I become accustomed to.
Posted on 12/2/19 at 7:21 am to Picayuner
quote:
What will they do with the money? Invest as the boomers did or spend it on coffee and phones and rent ?
I'd hope personal debt would be paid off, but I doubt it.
Posted on 12/2/19 at 7:21 am to funnystuff
quote:
The Federal Reserve’s Survey of Consumer Finances.
It says that in literally the second paragraph of the article. Check it out before summarily dismissing the conclusion.
What kind of survey? Did they spend the time to collect property holdings and other assets that the Fed doesn’t track? Or did they solicit responses from people?
Posted on 12/2/19 at 7:22 am to RLDSC FAN
Why is the age range so large? People born in 1981 and people born in 1996 grew up in two totally different worlds.
Posted on 12/2/19 at 7:27 am to Philzilla2k
quote:
All those liberal arts degrees
"To apply for this position you must obtain a bachelor's degree."
-American companies all over
Posted on 12/2/19 at 8:00 am to RLDSC FAN
It almost makes you think those gender studies degrees aren’t as worthwhile as advertised.
Posted on 12/2/19 at 8:04 am to Nguyener
quote:
Boomers suck and hoard wealth. They'll start dieing soon. Thankfully.
The only reason you are here is because us Boomers fricked the asses off your mother and grandmother.
That was the era of free love so there were a bunch of us got up in their gut. Post a pic and we'll pass it around. We'll do our best to figure out which one of us you look like.
After the Boomers are gone. You millennial shite stains with have America looking like Somalia in 20 years.
Posted on 12/2/19 at 8:07 am to Picayuner
quote:
Invest as the boomers did
but they didn’t 
Posted on 12/2/19 at 8:09 am to East Coast Band
quote:
quote:
Millennials are the biggest
As in fattest, too.
And gheyest
Posted on 12/2/19 at 8:17 am to RummelTiger
No
All the younger ones go on vacation all the time
All the younger ones go on vacation all the time
Posted on 12/2/19 at 8:22 am to RLDSC FAN
Did boomers make up a quarter of the population or more?
And are you really shocked that in today’s day and age where boomers and Gen X’ers are working longer and longer than ever, at higher salaries than ever, and with having substantially longer time and opportunity for previously invested wealth to grow in a booming stock market, that millennials possess a smaller percentage of wealth
And are you really shocked that in today’s day and age where boomers and Gen X’ers are working longer and longer than ever, at higher salaries than ever, and with having substantially longer time and opportunity for previously invested wealth to grow in a booming stock market, that millennials possess a smaller percentage of wealth
Posted on 12/2/19 at 8:24 am to Picayuner
quote:
Invest as the boomers did
Is that why so many cannot retire?
Posted on 12/2/19 at 8:32 am to zacata88
quote:
Why is the age range so large? People born in 1981 and people born in 1996 grew up in two totally different worlds.
This!
I was born in 86 and am so far different fiscally, socially, and politically than people born 10 years after me...at least what I see anecdotally. Same goes with a lot of the people I grew up with and still know to this day.
Posted on 12/2/19 at 9:20 am to Picayuner
quote:They didn’t invest.
Invest as the boomers did
The vast majority are in debt to their eyeballs and have zero or minimal retirement savings.
This post was edited on 12/2/19 at 9:21 am
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