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Started By
Message
re: Millennials earn 20% less than baby boomers did—despite being better educated
Posted on 11/5/19 at 6:34 pm to hubertcumberdale
Posted on 11/5/19 at 6:34 pm to hubertcumberdale
quote:
How does debt factor into to the headline?
Better educated.
Getting a useless degree doesn't equal better educated as a whole. And sure as hell doesn't mean you are even smart.
1
Posted on 11/5/19 at 6:35 pm to dgnx6
quote:
They will come out better in a decade.
In my opinion, it will even out more as more baby boomers retire. That will create something of a vacuum in management positions, and Millennials along with GenX will accelerate up the ladder.
This post was edited on 11/5/19 at 6:36 pm
Posted on 11/5/19 at 6:35 pm to efrad
quote:
What do you mean they’re hoarding money?
Again, do you want them to keep it (no), spend it (no), or give it away (apparently no)? So what do you want them to do with it, bleed it away on employee wages that can’t give them a good return?
By no means am I advocating boomers go hand out their money on the side of the road. I was implying that boomers were able to get their foot in the door to an industry much easier than anyone has it today (no 5 rounds of interviews, background check, drug tests, prior experience or qualifications). They are now running these companies and 'hoarding' the profits, creating the wealth gap we see today
Posted on 11/5/19 at 6:36 pm to dgnx6
quote:Unfortunately the vast majority of boomers have virtually nothing saved for retirement, so it won’t work out that way
Oh and once these millennials' baby boomer parents die, they inherit that wealth.
Posted on 11/5/19 at 6:38 pm to hubertcumberdale
quote:
Thats a great anecdote you got, anything to back it up ?
Yes, myself and 3 other brothers join the service. Myself, finished high school at 17 and joined at mid year of my last year in school.
This post was edited on 11/5/19 at 6:38 pm
Posted on 11/5/19 at 6:38 pm to hubertcumberdale
Dude I'm a Millennial. Most of my friends parents, baby boomers, gave them money for cars, computers, education, bought their houses, spent thousands on weddings, help take care of their kids, help pay for private school.
Just because your parents suck, doesn't mean all baby boomers suck. They have given everything to their fricking kids.
Just because your parents suck, doesn't mean all baby boomers suck. They have given everything to their fricking kids.
This post was edited on 11/5/19 at 6:39 pm
Posted on 11/5/19 at 6:38 pm to hubertcumberdale
quote:
How does debt factor into to the headline?
Milennial with a Bachelor's in Inorganic Chemistry is selling rompers at Urban Outfitters.
Posted on 11/5/19 at 6:39 pm to deeprig9
quote:Nearly 50% of baby boomers have zero retirement savings, and ~70% have less than $100k in retirement savings.
That helped them build character so by the time they were 30, they were grown ups whereas most (not all) mills are still children into their late 20's.
That generation was built on debt.
It is ok though.
They are rich in character.
This post was edited on 11/5/19 at 6:41 pm
Posted on 11/5/19 at 6:40 pm to hubertcumberdale
Are you seriously copy/pasting the post I’m responding to right back at me?
Explain how they’re hoarding money.
They’re saving and investing their money.
You are not something worth investing in and you’re mad about it.
Be mad, no one owes you anything kid.
If you really want something to be mad about, be mad about taxes, that’s actually someone taking away money from someone who earned it because they had something of value to give to someone else.
Explain how they’re hoarding money.
They’re saving and investing their money.
You are not something worth investing in and you’re mad about it.
Be mad, no one owes you anything kid.
If you really want something to be mad about, be mad about taxes, that’s actually someone taking away money from someone who earned it because they had something of value to give to someone else.
Posted on 11/5/19 at 6:40 pm to dgnx6
quote:
Most of my friends parents, baby boomers, gave them money for cars, computers, education, bought their houses, spent thousands on weddings, help take care of their kids, help pay for private school.
Damn dude I would love the boomers too if they gave me a trust fund
im jk my parents are boomers and i love them very much, just fun to poke fun at how bad they fricked up the economy for the younger generation
Posted on 11/5/19 at 6:40 pm to GreatLakesTiger24
quote:
Unfortunately the vast majority of boomers have virtually nothing saved for retirement, so it won’t work out that way
They don't own homes? Vehicles, property, basically anything that could be turned into pure profit from their children?
Posted on 11/5/19 at 6:41 pm to dgnx6
quote:Likely built on debt.
They don't own homes? Vehicles, property, basically anything that could be turned into pure profit from their children?
Posted on 11/5/19 at 6:42 pm to Clames
quote:
Milennial with a Bachelor's in Inorganic Chemistry is selling rompers at Urban Outfitters.
She is working a job she is overqualified for bc she is in debt?
I am confusion
Posted on 11/5/19 at 6:42 pm to dgnx6
quote:
dgnx6
Thank you.
My folks were part of the Great Generation. They show me and my brothers and sisters what a dollar was.
We passed that on to our kids to this day. There are no free lunches in life. 
Posted on 11/5/19 at 6:43 pm to hubertcumberdale
In this thread : a large chunk of people who don't understand real wages, statistics, and math in general. 
Posted on 11/5/19 at 6:43 pm to dgnx6
I mean I guess some might have a 300k house being split five ways
A lot of these boomers will be living with their kids in their last years
A lot of these boomers will be living with their kids in their last years
Posted on 11/5/19 at 6:44 pm to hubertcumberdale
quote:
Damn dude I would love the boomers too if they gave me a trust fund
im jk my parents are boomers and i love them very much, just fun to poke fun at how bad they fricked up the economy for the younger generation
I bought my first car from working through highschool. But if I needed help with something they weren't going to say no.
I could go live for free at my grandparents house, it's just out in the country, my mom never sold it after her parents died. But guess what? It will go to my brother and I when the time comes for that.
And we aren't rich, my mom was an elementary school teacher and my dad a chef. They never made over 100k a year combined.
Posted on 11/5/19 at 6:45 pm to hubertcumberdale
Did it list anything about them not wanting to work real jobs but instead be a social influencer?
Posted on 11/5/19 at 6:45 pm to hubertcumberdale
I love these threads. So much bullshite spewed.
Posted on 11/5/19 at 6:45 pm to fishfighter
quote:you clearly didn’t go to college
quote:
Thats a great anecdote you got, anything to back it up ?
Yes, myself and 3 other brothers join the service. Myself, finished high school at 17 and joined at mid year of my last year in school.
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