re: Millennial's or Gen Y

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Thatsnot the reality of most people. If you were born in the South in the fifties or sixties, itsmost likely you were poor.

What you're describing is economic privilege.

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What percentage of people currently at the age of... let's say 65... would you say have a life experience extensive and varied such that they should be deferred to? Let's say we could hypothetically interview every single person in this country who is currently 65 years old. After you had all of those interviews, what percentage of them do you think you would be comfortable saying "ok, you and I disagree on X, but because of what you have been through, I will defer to your judgement."

Because when generations clash, that's generally what it comes down to. I argue for X, Boomer argues for Y. When argument turns against Boomer, Boomer plays the "I have ___ years of experience on you; talk to me ___ years" card and expects everyone to bow in awe of their mythical "experience". You've been doing the exact same thing the exact same way for decades. Awesome. No one gives a shite. Either make your argument on the merits, or frick off.

At its core, Boomers aren't pissy because we don't listen to them, because we don't consider their views, etc, etc, etc; Boomers are fricking pissy because we don't defer to them, and they believe they deserve to be deferred to, because they have somehow "earned" it.

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not unfair to point out that someone born in 1960 was fortunate to be born when they were, historically.

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A person born in 1960 absolutely had it more difficult right out of school than someone today.

If you're arguing their childhood was better, or their 40s were better, that's a different ballgame. But their young adult years were an economic pit. Particularly in Louisiana.

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A person born in 1960 absolutely had it more difficult right out of school than someone today.

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Nope

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Not as bad as the 08-09 graduates, but still.

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Probably worse

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By most every metric every year has gotten better in the South, while perhaps in the North and California the decline has been more apparent.

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Maybe. My parents were born in 60. We lived in a nice house in Palo Alto on my dad's lumberyard pay. From that perspective it's gone downhill a bit.

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Nope

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Were you there?

UI was 12%, interest rates 17-22% when these people graduated college.

Manufacturing jobs (those high paying non negree jobs) disappeared after 1970'.

In Louisiana, the recession worsened while it improved in some places

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Between 1982 and 1987, the state would lose 147,000 jobs, or 9% of its workforce.

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LINK

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What metrics do you use to decide the 70s were the most prosperous and mobile time?

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Well here's one study for your perusal, since you asked ...

LINK

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We estimate trends in intergenerational economic mobility by matching men in the Census to synthetic parents in the prior generation. We find that mobility increased from 1950 to 1980 but has declined sharply since 1980. While our estimator places greater weight on location effects than the standard intergenerational coefficient, the size of the bias appears to be small. Our preferred results suggest that earnings are regressing to the mean more slowly now than at any time since World War II, causing economic differences between families to become more persistent. However, current rates of positional mobility appear historically normal.

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Here's one showing that Boomers had high intergenerational mobility, on average.

LINK

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This study compares wealth ownership and mobility patterns among baby boomers and their parents to explore whether the baby boomers have fared as well during their working years and whether they will be as secure in retirement as their parents. Cohort comparisons using survey data indicate that baby boomers had accumulated more wealth as young adults than their parents had at a similar age. Estimates from a simulation model reveal that baby boomers had more wealth than their actual same-sex parents at every stage of the life course. The simulation model also reveals that baby boomers were considerably more likely than their actual same-sex parents to experience upward wealth mobility at each point in the life course. These results suggest that speculations that baby boomers may be the first generation to do worse than their parents are misleading.

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But on average, your working lives unfolded during a time of upward mobility. You had it good.

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People coming of age between 72-82 had it harder than you.

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The 1970s were perhaps the worst decade of most industrialized countries' economic performance since the Great Depression.

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And this still holds true today.

You can cherry pick all you want, but you can't change truth.

Now, again.. if you're looking at mid career, you may have a point but most Millennials aren't there yet.

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Me: Makes valid point based on evidence.

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Which evidence? All I saw was your opinion.

Inflation, terrorism, war, high unemployment, loss of hundreds of thousands of mfg jobs, incredibly high interest rates.. a 70k house then would cost what a 200k house costs today.

Even NYC was a cesspool.

90s through today are easy living with a couple noticeable bumps.