- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: The 'lost generation' of millennials born in the 1980s may never be as rich as their paren
Posted on 5/25/18 at 5:46 am to arp0925
Posted on 5/25/18 at 5:46 am to arp0925
This idea has been floating around for awhile and it's finally showing to be true. More than likely this will be the first generation in American history that will be able to say that their parents were better off.
Most of the people talking about "my kid makes 200k" are speaking of outliers. Generally speaking, if you like college sports you probably attended college or are well educated, this is a little different in the South but in most of the country it's true. If you're willing to go on the internet and discuss it in a written forum you're paring the population down by education and earnings yet again, and then again when you narrow it to a Political sub-forum of that larger message board. I'm not saying we're all big brained millionaires but we're probably a more educated and moneyed group than average Americans...the normal American you see at Wal-Mart isn't doing this shite...so the experiences and anecdotes people share here aren't going to necessarily be representative.
That said, I blame the Boomers for this. They had it all handed to them on a silver fricking platter compared to previous generations and they've squandered it since they hit adulthood. Hell, in the 90s we became the sole superpower and they fricked it all up with their selfish, myopic policies. They only care about themselves and their comfort. Massive national debt, reverse mortgages, spending every bit of savings just to live a little longer, these people don't even have the courtesy to die in a conscientious manner.
Most of the people talking about "my kid makes 200k" are speaking of outliers. Generally speaking, if you like college sports you probably attended college or are well educated, this is a little different in the South but in most of the country it's true. If you're willing to go on the internet and discuss it in a written forum you're paring the population down by education and earnings yet again, and then again when you narrow it to a Political sub-forum of that larger message board. I'm not saying we're all big brained millionaires but we're probably a more educated and moneyed group than average Americans...the normal American you see at Wal-Mart isn't doing this shite...so the experiences and anecdotes people share here aren't going to necessarily be representative.
That said, I blame the Boomers for this. They had it all handed to them on a silver fricking platter compared to previous generations and they've squandered it since they hit adulthood. Hell, in the 90s we became the sole superpower and they fricked it all up with their selfish, myopic policies. They only care about themselves and their comfort. Massive national debt, reverse mortgages, spending every bit of savings just to live a little longer, these people don't even have the courtesy to die in a conscientious manner.
3
Posted on 5/25/18 at 7:18 am to HubbaBubba
quote:
You mean, grandma is gonna kick it and Gramps is going to take Viagra, meet some 40 year old with big tits, get married and it won't go to your lazy millennial arse!
I'm not a millennial.
And even in those scenarios, the new wife will be a millennial, so that generation still gets the money.
Posted on 5/25/18 at 7:46 am to VOR
Born in 83, better off than my parents and grandparents already, so I wouldn't consider my generation lost. Just wait till the baby boomers just get out the fricking way and open up a shite load of jobs and we will be doing just fine as a group.
Posted on 5/25/18 at 7:48 am to TexasTiger80
quote:
How much of that 200k goes to the state California in taxes and rent/mortgage?
He's better off in California even with the high cost of living than he would be in Louisiana.
Posted on 5/25/18 at 7:49 am to bmy
quote:
Hardest working generation ever.
In all seriousness, my son (born late 80s) was working 4 jobs at one time (ETA: And his sisters have never been afraid of working, either). So, there are more than a few exceptions. Biggest problem for the generation is that their representatives are almost exclusively from the coasts and Northeastern commie areas.
Hell - Gen X, the most awesome generation of Americans ever - ever - would look bad if all our spokespeople were liberal snowflakes from NYC, San Francisco, D.C., etc.
This post was edited on 5/25/18 at 7:50 am
Posted on 5/25/18 at 8:06 am to arp0925
quote:
Millennials are generally defined as people born between 1981 and 1996
...and Gen X is generally defined as being from 1965-1980.
My qu1estion is, why did generations go from being 20 years to being only 15? Are THAT many people having babies at 15 years old these days?
Posted on 5/25/18 at 8:12 am to saints5021
quote:
Just wait till the baby boomers just get out the fricking way and open up a shite load of jobs and we will be doing just fine as a group.
Millennials don't want the type jobs most of us boomers had. You'll have to lay blame somewhere else.
Posted on 5/25/18 at 8:23 am to Bestbank Tiger
quote:
That money has to go somewhere when the earlier generations die off...
Hospitals, nursing homes and Medicare should soak up much of that wealth.
Posted on 5/25/18 at 8:25 am to KSGamecock
quote:
That said, I blame the Boomers for this. They had it all handed to them on a silver fricking platter compared to previous generations and they've squandered it since they hit adulthood.
What you've said could not be more true. I see it on my side of the family any wife's.
The WW2 generation bought a house, lived in it until they died, drove Buick(Crown Victoria) and saved money so their children could have a better life than they had. The boomers upgrade from house to house(or remodel), buy sports cars, and try to spend every dime they have.
This post was edited on 5/25/18 at 8:54 am
Posted on 5/25/18 at 8:43 am to bmy
quote:
Hardest working generation ever. 85-95 put out some quality people
To quote one hiring manager I know: " We've had to lower our expectations for the millennial generation. Expecting 40 hours a week of production is apparently unrealistic. Social media breaks are the new smoke break or get paid to poop at work break".
To crap on the generations who built this country by comparing them to the generation who is trying to destroy it is laughable.
NOW....
If that was sarcasm, bravo sir.
This post was edited on 5/25/18 at 8:44 am
Posted on 5/25/18 at 8:44 am to KSGamecock
quote:
I blame the Boomers for this. They had it all handed to them on a silver fricking platter
Maybe that was the problem. Can you blame them for having everything handed to them and not having to work for it?
Maybe the previous generation spoiled the boomers.
Posted on 5/25/18 at 8:52 am to arp0925
I had no wealth when I was 30-I was too busy exploring the world and living to worry about accumulation. So what ? It’s an Aspirational society- poor today doesn’t mean poor tomorrow. Make some good choices, make some money, it is all there for you as much as it’s ever been.
Posted on 5/25/18 at 8:52 am to arp0925
I suspect a very large portion of TD are millennials, defined by sociologists as born between 1980 and 2000.
But I always see a lot of posts around here trashing them.
But I always see a lot of posts around here trashing them.
Posted on 5/25/18 at 8:53 am to KSGamecock
quote:I blame boomers also and I'm like 1 year from having been one. I also blame my generation. Especially the early part of it.
That said, I blame the Boomers for this. They had it all handed to them on a silver fricking platter compared to previous generations and they've squandered it since they hit adulthood.
Boomers and the early part of my generation did something very strange. As a group, the children that came after WW2 and to a lesser extent, Vietnam were raised by people hardened by difficulty. These were parents who, on the whole, raised children with discipline.
And, those children grew up the better for it. They grew up to be more educated and they grew up with greater opportunities.
THEN, a weird thing happened. They(we) on the whole, after so much success, looked back at our childhoods and thought, "I want to ensure I raise my children differently!!!".
Books were written. Child psychologists harped on all that was wrong with how we were raised and tons of us promptly decided to do a fricking long term child rearing experiment.
We seemed wholly oblivious to the reality that the reason we were so damned resilient and the reason we had the positive attitudes towards work that we had was how we were raised.
So, we said frick it and raised an entire generation with none of those values.
So make no mistake. I like to give the current crop of 20-35 year olds shite.........but WE absolutely created them! I mean, I tried to rebel against it.......but, unfortunately, most of my peer parents did not and in general, it was a losing battle.
I can only hope that as today's 20-35 year olds encounter their difficulties, they'll do the reverse of what my generation did and raise a crop of children that are far more resilient.
Posted on 5/25/18 at 9:00 am to TejasHorn
quote:I still think this is such a comically horrid range for a "generation".
I suspect a very large portion of TD are millennials, defined by sociologists as born between 1980 and 2000.
Kid born in 1980 was a friggin adult before the internet was really a thing.
Kid born in 2000 basically never went without it.
As tech moves faster and faster, generational cohort ranges are, by definition, going to shrink.
A kid in 1800 and a kid in 1820 barely had different lives at all. 1900 to 1920 had marginal differences. The car showed up..........SLOWLY.
Even 1960 to 1980 wasn't that huge. I mean, woo hoo, the 80 kid could play his own music in his car and probably had a microwave.
But 1980-2000? MUCH larger.
And hell. 2000-2020? Again, even larger.
Changes in how people actually live just keeps accelerating.
Heck. In 50 years, a generational cohort may be like 5 years long.
Posted on 5/25/18 at 9:02 am to ShortyRob
quote:
I can only hope that as today's 20-35 year olds encounter their difficulties, they'll do the reverse of what my generation did and raise a crop of children that are far more resilient.
I think this is already happening. I won't deny that most of my peers reached adulthood with unrealistic expectations. However, I've found that they figure shite out pretty quickly when faced with adversity, far different from the "go cry in a corner" stereotype perpetuated by our elders. Frankly, I deal with the entitlement of Boomers far more frequently than the entitlement of Millennials at this point.
Posted on 5/25/18 at 9:04 am to arp0925
This feels like a thread where I'll be called lazy, entitled and a poor decision maker by people who likely are worse off financially than me.
I bet Roger is all up in here patting himself on the back while wagging his frosty finger.
I bet Roger is all up in here patting himself on the back while wagging his frosty finger.
Posted on 5/25/18 at 9:09 am to Joshjrn
quote:I agree that there appears to be a shift. Which is good.
I think this is already happening. I won't deny that most of my peers reached adulthood with unrealistic expectations.
quote:Humans are really sort of built for this. Generational experiment or not, our brain is wired to confront adversity.
However, I've found that they figure shite out pretty quickly when faced with adversity,
quote:Like all stereotypes, there is absolutely merit in it, but it also isn't universal.
far different from the "go cry in a corner" stereotype perpetuated by our elders.
quote:
Frankly, I deal with the entitlement of Boomer
I actually think this goes to my post. I still remember someone handing me the Dr. Spock book when my child was born and telling me how awesome it was.
I read the shite and was frankly stunned. I couldn't believe someone from my generation was advocating that shite.
But, in hindsight, I get it. For some odd reason, my generation and the one slightly before were sold an idea that we were borderline abused as children and that we were forced to "grow up to fast" and "not have a childhood".
We basically got sold that the very shite that made us successful was bad. It's not a grand leap from buying that load of shite to feeling you are "entitled" to social compensation.
And, here we are. A time period full of entitled adults that raised non-resilient children who feel even more entitled because of how we raised them.
Posted on 5/25/18 at 9:16 am to arp0925
I was born in 91 and am 5 times wealthier at my age than my parents were at the same age
Posted on 5/25/18 at 9:18 am to arp0925
There are a large number of issues for millennials, but all are excuses. In the end. You make it of you don't in this country..and it's on you. I struggled for quite awhile after college. Not homeless struggle but finding financial stability and getting rid of debt. Now I'm 31 and make very good money..but I fought tooth and nail and worked seven days most weeks for a long time to get here. Kids just expect things now. Gotta pull up your sleeves and earn it.
Page 3 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News