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Started By
Message
re: Millennials earn 20% less than Boomers did at same stage of life
Posted on 1/15/17 at 1:47 pm to GreatLakesTiger24
Posted on 1/15/17 at 1:47 pm to GreatLakesTiger24
quote:
well, they should be retiring but they aren't because they didn't save for retirement.
Where do you get this bullshite? Exactly why should they be retiring? The youngest Boomers will turn 53 this year. The oldest will be turning 71 and I'd venture a guess that most of them are retired.
I don't know of any point in history where most people retired in their early 60's. Its the exception not the rule but here you are expecting it.
This post was edited on 1/15/17 at 1:52 pm
1
Posted on 1/15/17 at 1:55 pm to VABuckeye
Half have nothing saved. There are dozens of other studies that come to the same conclusion.
LINK
quote:
And the baby boomers, as a generation, haven’t stepped up individually, either. The Insured Retirement Institute released a report that found that just 24 percent of baby boomers are confident they will have enough savings to last throughout their retirement years. Just 55 percent reported having savings for retirement. And of those with savings, nearly half have less than $100,000 – an amount that would generate less than $7,000 a year in retirement income.
LINK
Posted on 1/15/17 at 2:27 pm to GreatLakesTiger24
1) Do you think that boomers are any different than those that came before them in this respect?
2) Do you realize that over 40 million boomers are 62 or younger? That's about 2 out of every 3 living boomers. 62 is not retirement age for most generations past or present.
2) Do you realize that over 40 million boomers are 62 or younger? That's about 2 out of every 3 living boomers. 62 is not retirement age for most generations past or present.
Posted on 1/15/17 at 2:34 pm to ItNeverRains
There's a strong middle class in the music industry like any other. You don't need to be a superstar to make a living. 2016 saw growth and 2017 is looking even better. It aint going nowhere
Posted on 1/15/17 at 3:45 pm to SuperSaint
There is also a career fair in the dome Feb 10th. It is for local college students and former students, so you might try and get in on that
Posted on 1/15/17 at 3:51 pm to geauxcats10
quote:
All of this bitching and moaning that there isn't opportunities available
But a lot of younger people will complain about having to work outside, working weekends and holidays and large amounts of OT.
Oh well, can't have your cake and eat it too.
Well this just simply isn't true.
Posted on 1/15/17 at 4:09 pm to GreatLakesTiger24
quote:
Half have nothing saved. There are dozens of other studies that come to the same conclusion.
Half have nothing, but I know many lifetime plant workers (operators and engineers) with several million in their 401k/rollover IRA's.
Posted on 1/15/17 at 7:56 pm to chewstick
It's possible to make a living, but it's a damn hard life
Posted on 1/15/17 at 8:36 pm to Byron Bojangles III
Im a cusper so I dont have a dog in this fight but I do know this much...
Boomers might be the worst generation ever.
frick boomers.
Boomers might be the worst generation ever.
frick boomers.
Posted on 1/15/17 at 10:00 pm to HempHead
quote:
quote:
Ledesma graduated from college four years ago. After moving through a series of jobs, she now earns $18,000 making pizza at Classic Slice in Milwaukee
I actually lol'd
If someone has even a modicum of personality and quickness, they can double that income by working in the service industry.
Millennial slackers and an entitlement mentality. Whattasurprise.
LC
Posted on 1/15/17 at 10:04 pm to nola000
quote:
Im a cusper so I dont have a dog in this fight but I do know this much...
Boomers might be the worst generation ever.
frick boomers.
Keep crying, it's music to my ears!
Posted on 1/16/17 at 12:24 am to Byron Bojangles III
34 as an Assistant PM and 3 years from retiring Army National Guard with 2 deployments. With boomers retiring soon, I am going to keep busting my arse till those opportunities start opening up.
And I supposedly fall in that Millenial category according to the year range. So I dont think that argument is entirely accurate.
And I supposedly fall in that Millenial category according to the year range. So I dont think that argument is entirely accurate.
Posted on 1/16/17 at 12:28 am to tketaco
People in their 20's will have a higher quality of life, have more free time and access to tremendous amounts of information. Most will probably be working 25 hour weeks with decent wages in 20 years.
Posted on 1/16/17 at 12:31 am to RogerTheShrubber
Which is why they'll need robots to entertain them. Or frick.
Posted on 1/16/17 at 8:48 am to LongueCarabine
quote:
Keep crying, it's music to my ears!
Not crying. Stating the truth.
My wife and I arent millennials so we dont cry but it doesnt take a genius to figure out that when my wife can go to beauty school for $7k for 2 years and ends up making $70-80k while my brother goes to 4 year college for 6 years, leaves owing like $60k and comes out struggling to find a job and finally lands one making $35k/year, well then there is definitely something wrong and since its been boomers in charge of the economy the whole time...well...frick boomers.
Posted on 1/16/17 at 9:01 am to HempHead
quote:yea because she/he studied some liberal arts which you cant make any money from.
Ledesma graduated from college four years ago. After moving through a series of jobs, she now earns $18,000 making pizza at Classic Slice in Milwaukee
I actually lol'd
If someone has even a modicum of personality and quickness, they can double that income by working in the service industry.
Posted on 1/16/17 at 9:14 am to RogerTheShrubber
Everyone told millennials to go to college but gave them no guidance on what to do once they got there. Hence all the graduates with liberal arts degrees and no career-relevant work experience.
In today's world with the cost of training being what it is as well as the huge pool of labor available, employers can afford to be more picky in terms of who they hire. You no longer set yourself apart from the crowd just going to college and getting "a degree." For a lot of careers, that's a part of it, but there's more to preparing yourself for the working world than just getting your bachelors.
In fact, a lot of people would be better off never going to college. This is the one thing that aggravates me about Democrats pushing "free college" tuition. A college degree isn't the ticket to a good life for everyone. You have to develop an interest or a skill that is going to make you money. With a handful of exceptions, you won't learn that in college. You should tailor your education around what you are good at or what you are interested in and not just get a degree because everyone should go to college. For a lot of people, they'd be better off and probably make more money if they'd go to a community college and learn to weld as opposed to getting a business degree from a university.
In today's world with the cost of training being what it is as well as the huge pool of labor available, employers can afford to be more picky in terms of who they hire. You no longer set yourself apart from the crowd just going to college and getting "a degree." For a lot of careers, that's a part of it, but there's more to preparing yourself for the working world than just getting your bachelors.
In fact, a lot of people would be better off never going to college. This is the one thing that aggravates me about Democrats pushing "free college" tuition. A college degree isn't the ticket to a good life for everyone. You have to develop an interest or a skill that is going to make you money. With a handful of exceptions, you won't learn that in college. You should tailor your education around what you are good at or what you are interested in and not just get a degree because everyone should go to college. For a lot of people, they'd be better off and probably make more money if they'd go to a community college and learn to weld as opposed to getting a business degree from a university.
This post was edited on 1/16/17 at 9:18 am
Posted on 1/16/17 at 9:14 am to nola000
quote:
since its been boomers in charge of the economy the whole time...well...frick boomers.
well wait a minute. You blame the boomers for
quote:
my brother goes to 4 year college for 6 years, leaves owing like $60k and comes out struggling to find a job and finally lands one making $35k/year,
while your wife
quote:
can go to beauty school for $7k for 2 years and ends up making $70-80k
but
quote:
its been boomers in charge of the economy the whole time.
shouldn't you be sucking boomer dick since your wife has such a great job?
and shouldn't your brother feel like a dumbass for
quote:?
owing like $60k and comes out struggling to find a job and finally lands one making $35k/year,
Sounds like your wife is a lot smarter than your brother and neither of you want to take responsibility for his stupidity.
Posted on 1/16/17 at 9:19 am to CarRamrod
quote:
yea because she/he studied some liberal arts which you cant make any money from.
according to some here, most of them have degrees in accounting, business, CM. Not liberal arts. So you see the system is rigged, older people are to balme and therefore should retire so these young wizards can get a job.
and not just any job. A good job. So they can buy a house and start a family. frick that entry level shite. They have a degree. Therefore they are valuable and know all they need to know to start working. Again, its not they who have it wrong. Its the rest of the world
Posted on 1/16/17 at 9:35 am to tigerinthebueche
Entry-level is not actually entry-level anymore. Entry-level means 2-5 years of direct experience and a college degree. Jobs for recent grads with 0-1 years of experience are extremely hard to come by. That's the problem
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