re: Some Advice for Boomers With Tariff Anxiety

It’s a great time to be a millennial. 36 and living my best life. Graduated college during a shite hole recession in 2010 to a shite hole job market, got through that and had a solid 8 years or so before Covid fricked everything. Came back better than ever. The only thing boomers had to do with any of that is hot fricking garbage economic policies. frick every generation, it’s a dog eat dog world and luckily the boomers run at it is ending soon enough.

quote:

---

Stop buying so much avocado toast and fancy lattes.

---

This isn’t even a boomer thing

quote:

---

exactly what a boomer would say

---

That's what this boomer will say. I never heard of putting those 2 things together and I hate the taste of coffee.

quote:

---

It’s a great time to be a millennial. 36 and living my best life. Graduated college during a shite hole recession in 2010 to a shite hole job market, got through that and had a solid 8 years or so before Covid fricked everything. Came back better than ever.

---

Refreshing post.

Gen Xer here. Started work in 1995 and got my retirement cleaned out by .com bust and 9/11. Got married and first house was at rates similar to right now. Got cut in half again in 2008 but were lucky to be in our long time house by then. Now, dealing with this shite plus having to try and get two kids through college.

We all just have to power through and persevere.

No worries here, at 70 I still work, albeit just a few hours a day most days. I still make money. My investments are safe.

Are you into trans or such?

This thread blames everyone except Orange. The kool-aid is strong.

quote:

---

The current generation can't do the bare minimum and still make a decent life

---

When your definition of decent life includes a PS5, the latest Android, coffee out multiple times a week, and hundreds of dollars a month in door dash, you're right. And don't forget that whip on a 142 month loan to get that payment to $1,000.

quote:

---

When your definition of decent life includes a PS5, the latest Android, coffee out multiple times a week, and hundreds of dollars a month in door dash, you're right. And don't forget that whip on a 142 month loan to get that payment to $1,000.

---

People can't afford houses

90% of boomers made more money than their parents did, adjusting for inflation and everything. Only 50% of the younger generations will.

quote:

---

PS5

---

A PS5 adjusting for inflation costs about what a bike cost in 1975. Did you have a bike growing up?

quote:

---

the latest Android

---

I don't personally know anyone who gets a new phone every time it comes out

quote:

---

coffee out multiple times a week, and hundreds of dollars a month in door dash

---

Don't know anyone who does this either. But I'm sure it does happen. My experience is also pretty biased because my close circle consists of pretty high achieving people who don't do stupid things with their money generally.

quote:

---

We all just have to power through and persevere.

---

Boomers in their work careers went through a massive amount of local jobs going away through two specific events: NAFTA & the rise of the Internet.

There were a minority of boomers who were winners (in the rise of tech and the folks who were able to sell out in manufacturing or local businesses) to be sure, but in general, those two events taken together removed millions of Mayberry-like jobs from the rural areas, all textile manufacturing, a huge amount of machinery and automotive construction and assembly, etc. Coal mining is gone. Technological advances have made what few heavy industries remain much more labor efficient, further reducing worker demand.

Then what businesses remained have had to consolidate and streamline to compete with free trade. Again, there have been a minority of winners who sold out the family business but in general, more losers who were not stakeholders.

Just my two cents as boomers are an easy target because
a) there’s a huge amount of them
b) some are entitled/out of touch assholes
c) they presently control a bunch of wealth
d) they won’t die off as quickly as any previous generation

As to the OP: I’m going to be fine through this “crisis”, I’m diversified and am buying my way to the bottom of the market downturn. Anyone in my situation would have been dumb to not be able to say the same thing.

did it feel good copying and pasting this? lol what a boomer move. You might as well be on facebook asking everyone to share this if they are really your friend. lol, what a dolt.