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Message

re: The unluckiest generation in U.S. history

Posted on 5/27/20 at 1:30 pm to
Posted by The People
LSU Alumni
Member since Aug 2008
4215 posts
Posted on 5/27/20 at 1:30 pm to
I didn't get drafted and sent to the fields of Vietnam to die at 18 years old. I consider myself pretty fortunate compared to those guys.
Posted by Mahootney
Lovin' My German Footprint
Member since Sep 2008
11877 posts
Posted on 5/27/20 at 1:30 pm to
If the boomers would just go ahead and retire, there would be a 20% increase in job availability. Lots of boomers still going to work for fun.
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55845 posts
Posted on 5/27/20 at 1:31 pm to
Boomers have owe 100k on their house, have10k saved for retirement, and are entitled to couple hundred bucks a month in SS. They aren’t retiring anytime soon
Posted by tketaco
Sunnyside, Houston
Member since Jan 2010
19587 posts
Posted on 5/27/20 at 1:31 pm to
Oh frick yes! Time to shite on Boomers!!
Posted by Saint Alfonzo
Member since Jan 2019
22290 posts
Posted on 5/27/20 at 1:32 pm to
quote:

After accounting for the present crisis, the average millennial has experienced slower economic growth since entering the workforce than any other generation in U.S. history. Millennials will bear these economic scars the rest of their lives, in the form of lower earnings, lower wealth and delayed milestones, such as homeownership.


Boo fricking hoo.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48780 posts
Posted on 5/27/20 at 1:32 pm to
quote:

If the boomers would just go ahead and retire, there would be a 20% increase in job availability. Lots of boomers still going to work for fun.

The younger half of Boomers are under 65, some as young as 55.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 5/27/20 at 1:34 pm to
quote:

Hilarious ! Can you imagine if you were born in 1925 ? No A/C, want chicken ? kill it in the back yard !, the Great Depression, WWII, the assassination of a President, Vietnam, race riots, crime, AND the two recent economic 'slowdowns' and pandemic. This is my mom's life so far. Youngsters should feel very fortunate


Okay, I'll play:

Your mom was 22 in 1947. Assuming she retired at 65, her working years consisted of one recession of GDP decline greater than 3% (-3.2% from 1973-75)...leaving another 15 years of recovery.

For comparison sake, the Great Recession was -5.1%. CBO is estimating 2020 recession to be -5.6%.

That's two 5%+ GDP contractions in 12 years compared to one 3% contraction over 43.

Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61359 posts
Posted on 5/27/20 at 1:34 pm to
quote:

If the boomers would just go ahead and retire, there would be a 20% increase in job availability. Lots of boomers still going to work for fun.



Yep, a lot of them are just trying to add a couple of payments to their boats and lakehouses.
Posted by LSUBoo
Knoxville, TN
Member since Mar 2006
101930 posts
Posted on 5/27/20 at 1:34 pm to
Gen Xer who still has a full-time job and is on my 3rd home checking in.

Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55845 posts
Posted on 5/27/20 at 1:35 pm to
I don’t think the headline is that big of a deal. I think the content of the article is far more important.
Posted by lsuwontonwrap
Member since Aug 2012
34147 posts
Posted on 5/27/20 at 1:36 pm to
As a millennial, I'm oppressed and I demand compensation!
Posted by PhilipMarlowe
Member since Mar 2013
20549 posts
Posted on 5/27/20 at 1:36 pm to
Is this another thread where everyone thinks millennials are teenagers, and college kids?
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41234 posts
Posted on 5/27/20 at 1:37 pm to
quote:

If you made it through though, you were able to experience what will probably be the most prosperous time in the US.


That would be great considering the twenty years of their lives before going to War were in the Great Depression.
Posted by Salmon
On the trails
Member since Feb 2008
83630 posts
Posted on 5/27/20 at 1:37 pm to
quote:

I don’t think the headline is that big of a deal.


Well thats convenient

quote:

I think the content of the article is far more important.


I wish I could read it, but alas, its behind the dumb paywall

but unless the author addresses that this is only about living generations and economics, then the content isn't even that great
Posted by Indfanfromcol
LSU
Member since Jan 2011
14735 posts
Posted on 5/27/20 at 1:38 pm to
No. This one is about older generations complaining about someone else complaining.
Posted by Tiger in Texas
Houston, Texas
Member since Sep 2004
20897 posts
Posted on 5/27/20 at 1:39 pm to
quote:

Millennials want everything handed to them.


They better wake up- nothing is free...everything has a price in the end...
Posted by OmniPundit
Florida
Member since Sep 2018
1440 posts
Posted on 5/27/20 at 1:40 pm to
quote:

Get back to me when they spend their adolescent and teen years wondering where their next meal is coming from then get thrown headlong into a world war.


That is the story of my parents. Father born in 1907, mother born in 1910. Both grandfathers were farmers in rural Alabama until their deaths in the flu epidemic.



This post was edited on 5/27/20 at 1:54 pm
Posted by dukke v
PLUTO
Member since Jul 2006
203457 posts
Posted on 5/27/20 at 1:41 pm to
Thank you..... I hope your kids turn out well. We need at least 5 million more like you.
Posted by joeleblanc
Member since Jan 2012
4114 posts
Posted on 5/27/20 at 1:42 pm to
Always looking for someone else to blame
Posted by lake chuck fan
westlake
Member since Aug 2011
9247 posts
Posted on 5/27/20 at 1:43 pm to
quote:

feel like the generations that died in the Civil War, WWI, and WWII kinda had it worse


I agree. The hardship and sacrifices endured during WWII were far greater than anything these pussy generations have faced. I consider the generation of WWII to be the best. The older folk of that generation I have known, have been great people. Very generous, kind, and simple. They pulled together as a country and kept the country rolling, replacing the soldiers sent to war. They rationed food, sugar, electricity, etc. Could you imagine these liberal pussies being asked to do that today?? You could hear the bitch moans on other side of world!
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