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re: The average millennial worker makes less than the average baby boomer did in 1975

Posted on 4/24/17 at 9:54 pm to
Posted by El Segundo Guy
1-866-DHS-2-ICE
Member since Aug 2014
11379 posts
Posted on 4/24/17 at 9:54 pm to
Good one. You're very clever and obviously know who my daughter is. Typical millenial.
Posted by StealthCalais11
Lurker since 2007
Member since Aug 2011
12531 posts
Posted on 4/24/17 at 9:56 pm to
quote:

I get the cost of rent and property are way higher, but for most of these ungrateful frick's lives, their parents have been footing the bill anyway. So yeah, maybe when you are 50 you will accumulate as much wealth as your parents have.


Hey now, I'm a grateful frick for having awesome parents; not all of us sub-30 year olds are terrible.
Posted by bconne1
Member since Jun 2006
776 posts
Posted on 4/24/17 at 9:57 pm to

This post has been marked unreadable!

Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 4/24/17 at 10:00 pm to
I see it two ways: The whole system is pretty fricked is the real problem. Boomers vs Millennials is an age old argument between old and young, and an easy conflict to point to as THE problem, even though there are many other problems, and all of the bitching is focused on the fact that there's a problem and not fixing the problems.

Then there's the fact that many/most of the people you've mentioned that we grew up with giving us advice.. counselors, teachers, parents, etc. are Boomers. That is where the Boomer argument stems from; Boomers shaped the world and GenX/Millennials are getting the shaft for it.



Also, I'm an atypical Millennial. I didn't go to college. Vocational 5 semester school for computer networking. Then had to work in tech support for 4 years before getting my feet wet in stuff I actually went to school for.
This post was edited on 4/24/17 at 10:05 pm
Posted by NIH
Member since Aug 2008
119845 posts
Posted on 4/24/17 at 10:01 pm to
Maybe your daughter is just dumb
Posted by Jorts R Us
Member since Aug 2013
16885 posts
Posted on 4/24/17 at 10:02 pm to
10 years out of school and I make double my parents combined salary just before they retired. Pick a good major, baws.
Posted by tigerinthebueche
Member since Oct 2010
37724 posts
Posted on 4/24/17 at 10:15 pm to
quote:

I'm an atypical Millennial.


Yeah and you're successful. You used to post the same depressing shite as the OP (in theme only), but you worked thru it and kept on going. You didn't focus on how hard it is or would be.

As for blaming the Boomers, yeah some of them shite the bed. But not all of them. And lots of their mistakes were done innocently. My point is we should be trying to prevent a repeat of the mistakes. Not just looking for a group to blame. Hell I hope the OP is the next Mark Cuban, but Cuban didn't get where he is focusing on what a shite hand he was dealt. That never solved anything.
Posted by athenslife101
Member since Feb 2013
20220 posts
Posted on 4/24/17 at 10:18 pm to
It was a shitload easier years ago. One of my bosses joined our firm as an assistant/administrator. Worked his way up and is now doing pretty well though the company will never promote home again because of lack of degree And, people with 3.8s, 3.9 GPAs in finance and accounting with 5 years of experience are competing for his old job.
This post was edited on 4/24/17 at 10:24 pm
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 4/24/17 at 10:22 pm to
quote:

You used to post the same depressing shite as the OP (in theme only)

I was immature, broke, and grossly obese when I started posting here, so yeah . I was in a bad place back then.


Anyway, a big difference from the past is social media and the internet in general.. everyone has an open forum to voice complaints now. Back in the day, when Boomers were complaining about their parents, only their friends got to hear it. That is what you're seeing; the collective of online bitching. I really never hear this topic come up in person.
This post was edited on 4/24/17 at 10:26 pm
Posted by tigerinthebueche
Member since Oct 2010
37724 posts
Posted on 4/24/17 at 10:27 pm to
I hope you're right. I know most millennials have their shite together. It's just a shame that a few are so vocal and cast a shadow on the rest.
Sounds familiar doesn't it?
Posted by cas4t
Member since Jan 2010
72000 posts
Posted on 4/25/17 at 11:09 am to
You've been a turd this entire thread, so not sure what else you'd expect.
Posted by prince of fools
Baton Rouge
Member since Jan 2009
1130 posts
Posted on 4/25/17 at 11:41 am to
quote:

I'll go with what I know. In 1975 my mom was only making $6k a year as a school teacher. What does one make now starting off?


"I don't understand what inflation is"
Posted by GreatLakesTiger24
Member since May 2012
58960 posts
Posted on 4/25/17 at 11:44 am to
quote:

but Cuban didn't get where he is focusing on what a shite hand he was dealt. That never solved anything.

i just need to more positive and sanguine on tiger droppings! that will make a difference.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
296096 posts
Posted on 4/25/17 at 11:48 am to
quote:


It was a shitload easier years ago


Would you like to go back to 1970?
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
72134 posts
Posted on 4/25/17 at 11:48 am to
quote:

Earnings have declined despite the fact that today's young people are better educated than 40 years ago. Thirty-seven percent of young people had a bachelor's degree last year, compared to 22.8 percent in 1975.


It's almost like they're saying when you flood the market with any product, this one being college educated kids, then that product loses value.

Shocking.
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
72134 posts
Posted on 4/25/17 at 11:57 am to
quote:

I'll go with what I know. In 1975 my mom was only making $6k a year as a school teacher. What does one make now starting off?


quote:

"I don't understand what inflation is"


Inflation in 1975 reached almost 10%. In 2016 the inflation rate was just over 1%.

Ever heard of such a thing as the "Misery Index"? In case you've not, here....

quote:

The misery index is an economic indicator, created by economist Arthur Okun. The index helps determine how the average citizen is doing economically and it is calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate. It is assumed that both a higher rate of unemployment and a worsening of inflation create economic and social costs for a country.[1]


LINK

Now, let's compare the Misery Index in the 70's to today....



But please tell us more about how young people nowadays have it so much worse than everyone who came before them and how unfair that is.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
296096 posts
Posted on 4/25/17 at 12:02 pm to
quote:



Inflation in 1975 reached almost 10%. In 2016 the inflation rate was just over 1


In the late 70s and early 80s you couldn't afford to buy on credit as interest rates jumped to damn near 20%

Inflation, unemployment and high interest. Gas rationing

inflation in the 70s
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 4/25/17 at 12:06 pm to
Also see: XLT vs Lariat thread

Our idea of quality is way more than what it was 50 years ago. Good luck getting a bare bones truck.
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
72134 posts
Posted on 4/25/17 at 12:10 pm to
quote:

In the late 70s and early 80s you couldn't afford to buy on credit as interest rates jumped to damn near 20% Inflation, unemployment and high interest. Gas rationing inflation in the 70s


Exactly. I was just a kid but remember people were genuinely concerned the whole country would collapse within a few more years if things didn't turn around. That's about the time, this great man stepped into the national spotlight....



Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
296096 posts
Posted on 4/25/17 at 12:11 pm to
quote:


Our idea of quality is way more than what it was 50 years ago


I brought this up before. Tastes are much different and expectations are much higher, probably out of whack.

In the 70s, wearing clothes with patches was normal. People scrimped and saved because they had to.
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