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re: Millennials earn 20% less than baby boomers did—despite being better educated

Posted on 11/5/19 at 6:47 pm to
Posted by LSUballs
RayVegas LA
Member since Feb 2008
40383 posts
Posted on 11/5/19 at 6:47 pm to
quote:

Gen X takes the L here with reading comprehension like this



I can’t speak for all Gen Xers but this one only read the thread title, as is often the case. Especially when my eye catches a couple of paragraphs to follow. 60% of the time it works every time
Posted by hubertcumberdale
Member since Nov 2009
7882 posts
Posted on 11/5/19 at 6:47 pm to
quote:

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.


Bc i answered your question in the response, I using 'hoarding' as an analogy to companies keeping more of their profits and creating a wealth gap. See where I bolded it?

I do not expect boomers, or anyone, to give me anything, so calm down.


This post was edited on 11/5/19 at 6:49 pm
Posted by chryso
Baton Rouge
Member since Jul 2008
13974 posts
Posted on 11/5/19 at 6:48 pm to
Thank the illegals.
Posted by real turf fan
East Tennessee
Member since Dec 2016
12217 posts
Posted on 11/5/19 at 6:48 pm to
Better educated does not equal has a larger college debt to repay.

Nor does it equal spent more time getting a degree.

It might plot inversely to the meaningless elective classes offered more recently.

It might have something to do with getting a degree with some hope of getting a job in a profession that will be a long term investment, both on the part of the employer and the employee.
Posted by dgnx6
Member since Feb 2006
91645 posts
Posted on 11/5/19 at 6:48 pm to
quote:

Likely built on debt.


My parents aren't taking on debt in their 60s brother.

If boomers are hording money, why would any of them have to?
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 11/5/19 at 6:48 pm to
quote:

Nearly 50% of baby boomers have zero retirement savings, and ~70% have less than $100k in retirement savings.


Wrong! I gave my kids over 300acs of land. About 150 were given to me, but I worked and bought the rest. My daughter has added another 50 more and I am sure she will add more over time.

People are just lazy. Will is a power fill thing. Just have to want and have.
Posted by Clames
Member since Oct 2010
19959 posts
Posted on 11/5/19 at 6:49 pm to
Working to pay off loans that came due after graduation and realizing there are practically no jobs with only a BS in Chemistry.
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 11/5/19 at 6:50 pm to
quote:

Wrong! I gave my kids over 300acs of land. About 150 were given to me, but I worked and bought the rest. My daughter has added another 50 more and I am sure she will add more over time.

People are just lazy. Will is a power fill thing. Just have to want and have.


You're responding to a statistic with a personal anecdote.

That doesn't work.
Posted by Crowknowsbest
Member since May 2012
27001 posts
Posted on 11/5/19 at 6:50 pm to
quote:

Wrong! I gave my kids over 300acs of land. About 150 were given to me, but I worked and bought the rest. My daughter has added another 50 more and I am sure she will add more over time.

That doesn't make the stats he quoted wrong.
Posted by Cymry Teigr
Member since Sep 2012
2138 posts
Posted on 11/5/19 at 6:51 pm to
Serious question. So did you research the job market and your career choices before choosing your major?
Posted by hubertcumberdale
Member since Nov 2009
7882 posts
Posted on 11/5/19 at 6:52 pm to
quote:

Working to pay off loans that came due after graduation and realizing there are practically no jobs with only a BS in Chemistry.



What would her job options be had she not gone to college? She would be working a better job? I am confusion.
Posted by efrad
Member since Nov 2007
18704 posts
Posted on 11/5/19 at 6:53 pm to
quote:

Bc i answered your question in the response, I using 'hoarding' as an analogy to companies keeping more of their profits and creating a wealth gap. See where I bolded it?


And I asked you to elaborate and you just bolded it and ignored the entire part of my post asking what they were supposed to do with their money. Since apparently you want them to spend when it’s not a spending market just because when they grew up it was a spending market.

quote:



I am an engineer and business owner, i know how it works, kid


So does your business handle its money as if it were 2019 or the year you were born?

I was born in the 80s... forget they market, should I just make investments like it’s the 80s?


Again, do you want boomers to keep their money, spend their money, or make bad investments on purpose?
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 11/5/19 at 6:54 pm to
quote:

Serious question. So did you research the job market and your career choices before choosing your major?


Most millennials began college before the Great Recession. Boomers were feeding Millennials a completely different message then..."follow your dreams, major in what you want, and everything will fall into place."
Posted by joeleblanc
Member since Jan 2012
4114 posts
Posted on 11/5/19 at 6:55 pm to
Joe says Scruffy is the typical educated idiot
Posted by Scruffy
Kansas City
Member since Jul 2011
78024 posts
Posted on 11/5/19 at 6:57 pm to
quote:

Wrong!


Those are actual statistics.

Scruffy can link the stats if you want.
quote:

I gave my kids over 300acs of land. About 150 were given to me, but I worked and bought the rest. My daughter has added another 50 more and I am sure she will add more over time.

People are just lazy. Will is a power fill thing. Just have to want and have.
That doesn’t disprove Scruffy’s statement.
This post was edited on 11/5/19 at 6:58 pm
Posted by hubertcumberdale
Member since Nov 2009
7882 posts
Posted on 11/5/19 at 6:58 pm to
quote:

And I asked you to elaborate and you just bolded it and ignored the entire part of my post asking what they were supposed to do with their money. Since apparently you want them to spend when it’s not a spending market just because when they grew up it was a spending market.




I am not talking about individual boomers though, I am talking about companies run by boomers keeping more profits than they have in the past, creating a wealth gap.

FTR I love boomers, sorry if I have given the wrong impression. They just kind of fricked up the economy for the younger generations and its fun to come on this board and talk about it.
Posted by joeleblanc
Member since Jan 2012
4114 posts
Posted on 11/5/19 at 6:58 pm to
Trumps booming economy says hi
Posted by Powerman
Member since Jan 2004
175696 posts
Posted on 11/5/19 at 6:58 pm to
quote:

So the old guys with all the seniority make more than the new hires? How dare they

Congrats on the 3rd grade reading comprehension
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 11/5/19 at 6:58 pm to
quote:

you clearly didn’t go to college


I did on Uncle Sam's dollar and worked two jobs.
Posted by GreatLakesTiger24
Member since May 2012
61563 posts
Posted on 11/5/19 at 6:59 pm to
quote:

Scruffy knows people like to talk shite about other generations, but this right here is true.

Boomers had it easy as shite.

this is what all my millennial threads are about. It’s all I want people to admit.

Boomers had such an easy path to the upper middle or even upper class and collectively fricked the future of the free world in making that so.
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