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Started By
Message
re: Quiet Quitting? Well that a new term.
Posted on 8/20/22 at 10:31 pm to EarlyCuyler3
Posted on 8/20/22 at 10:31 pm to EarlyCuyler3
quote:
If you were breathing you had access. I'm sure some had more access, but that's not the point, is it?
It’s just not true. But keep on blaming me for your failure if that makes you happy.
0
Posted on 8/20/22 at 10:31 pm to GRTiger
quote:
To be fair, not just millennials got hit in 2008 and again in present day.
My grandparents lived through the Great Depression and not once did I hear them complain about how hard they had it.
What a sorry generation.
Posted on 8/20/22 at 10:32 pm to GreenRockTiger
quote:
as a zillenial myself - I find the milllenials were ‘quietly quitting’ before Covid -maybe the financial ruin’ of 2008 caused it but those that I supervised pre-Covid weren’t giving their all and didn’t care
I think its the fact that productivity and earnings went through the roof since around 2000, but there's really been no material change to working conditions in that time. The work from home boom happened due to covid but many companies wanted to lower wages if you moved to a lower cost of living area. After not keeping wages up with COL for the last 30 years.
Why would you give extra effort when there's very, very little incentive?
Posted on 8/20/22 at 10:32 pm to JohnnyKilroy
quote:
You've got 20 years on me and I'll probably pass you in savings within the next 5 or so years. Sheesh.
Cool. Enjoy your well earned retirement.
Posted on 8/20/22 at 10:34 pm to sawtooth
At 50 you presumably had investments in 2008 that took a hit and again most recently. I was just giving some context in your defense.
Posted on 8/20/22 at 10:35 pm to JudgeHolden
quote:Bad luck?
Gee. I had some bad luck. Think I’ll quit.
Buddy, the millennial generation has been hammered so thoroughly that they are behind every generation that has existed since the creation of the USA at this point in their lives.
I posted that stat earlier.
They are the only generation which has obtained less wealth than the one before them.
quote:
It galls me because some of us started out way behind where the average millennial is, even factoring in the “setbacks” they blame on others.
Your argument would hold water if you started way behind, gained wealth, and then had it wiped out, then tried your best to gain wealth again, only to have it wiped out again.
The entire workforce is jaded as hell, and rightfully so.
quote:Did you have all of your wealth and job prospects wiped out on the whim of outside forces, not hard work, random outside financial forces, two times in the initial years of your career?
I saw far less qualified people advance because of connections or networks never available to me. Think that’s fair?
No, you didn’t.
quote:As if being passed up for promotion is equatable to 2008 and the pandemic.
By millennial logic, I should have blamed the system and quit. That never crossed my mind.
This post was edited on 8/20/22 at 10:37 pm
Posted on 8/20/22 at 10:35 pm to MrSpock
quote:
If I only had 1.6MM in assets at 50
That's really what sawtooth has?
Posted on 8/20/22 at 10:37 pm to SlowFlowPro
quote:
Their prospects of high advancement are almost 0 because of this
The youngest boomer is now 58 going on 59 years old.
No opportunity for advancement my arse.
Posted on 8/20/22 at 10:37 pm to Mingo Was His NameO
quote:
Why would you give extra effort when there's very, very little incentive?
Integrity
Posted on 8/20/22 at 10:37 pm to JohnnyKilroy
That’s it. Times are tough at the ole Sawtooth resident.
I’m retiring at 55. Maybe you can toss some change my way when I’m picking up cans.
I’m retiring at 55. Maybe you can toss some change my way when I’m picking up cans.
Posted on 8/20/22 at 10:38 pm to GRTiger
quote:Agreed, but this wasn’t simply a loss in investments or retirement.
To be fair, not just millennials got hit in 2008 and again in present day.
This was the start of what is supposed to be a generation’s prime working years.
Posted on 8/20/22 at 10:39 pm to Scruffy
quote:
Buddy, the millennial generation has been hammered so thoroughly that they are behind every generation that has existed since the creation of the USA at this point in their lives.
Those living through the Great Depression had it much worse. We have some of the fattest “poor” people in the world.
Drama Queen
Posted on 8/20/22 at 10:40 pm to Scruffy
quote:
Despite that blessing, I still recognize how daunting the situation is for housing among other things, and I make significantly more than the average. You keep posting the “18% APR” thing and I would trade anything for the housing market you had in the 80s. If I, in medicine, am completely put off by the housing market, the majority of my generation is fricked.
Savings accounts paid us a decent interest rate then too. Made saving for a house much easier.
Posted on 8/20/22 at 10:41 pm to Scruffy
quote:
The entire workforce is jaded as hell, and rightfully so
I’m quite happy with my job. I have been with the same company for 25 years.
Maybe not the “entire” workforce.
Posted on 8/20/22 at 10:42 pm to sawtooth
So what do you project yourself to have in savings in 5 years?
This is mindblowing to me.
This is mindblowing to me.
Posted on 8/20/22 at 10:42 pm to sawtooth
Anecdotes don’t disprove the macro trends.
You refuse to get it. Lmaoo.
You refuse to get it. Lmaoo.
Posted on 8/20/22 at 10:43 pm to Scruffy
quote:
Did you have all of your wealth and job prospects wiped out on the whim of outside forces, not hard work, random outside financial forces, two times in the initial years of your career?
Sounds like you make poor financial decisions.
Shame.
Posted on 8/20/22 at 10:44 pm to JohnnyKilroy
quote:
So what do you project yourself to have in savings in 5 years?
Well according to two financial advisors I will have enough.
Sounds good to me.
Posted on 8/20/22 at 10:44 pm to sawtooth
Facts not feelings there, progressive.
Posted on 8/20/22 at 10:46 pm to sawtooth
quote:You must have dementia.
Sounds like you make poor financial decisions.
I already stated that I am in medicine.
I am fine.
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