re: The 'lost generation' of millennials born in the 1980s may never be as rich as their paren

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Also known as a gigantic leftist.

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Honestly. If Millennials want to do some introspection regarding why things are so different for their generation.........and are willing to acknowledge that some negative exists, reading his book would be a GREAT start.

If they approached it from a "what the frick happened to us" angle and read that shite.........they might just look up at dear old Mom and Dad and ask, "how the frick did you buy in to this crap!!!!".

It's funny because I suspect that easily 90% of millenials have never heard of the dude.........but he and his sycophants were a driving force in child rearing........to the negative

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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".

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Your hiring manager friend is being dishonest. Tigerdroppings wouldnt exist if people generally worked 40 productive hours a week. Strict 40+ hour requirements are for sheeple.

Millennials are also more likely to forfeit unused vacation days than other groups — 24% of Millennials, 19% of Gen Xers, and 17% of Boomers forfeited time off that they’d earned. (This ought to be an especially bitter pill for Millennials to swallow given that, due to their juniority in the workforce, they earn less vacation time overall than older workers.)

Millennials are a large region for the economic boom right now, and likely for the foreseeable. Personally, I believe we are in the midst of a 1946-1965 era all over again. We don't want to work in factories and dig ditches, but a lot of us did until we got through college making less and paying 100x for our education. With so many different state schools offering online programs, I shopped around like ole Mitt Romney said and will pay around 25k for both a bachelors and a masters from Valdosta Stare and Arkansas.

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I’m a millennial. My parents expected good grades, forced me to pick an after school activity (sports, clubs, etc) and made me get summer jobs when I was old enough. First car was a Toyota beater with a quarter million miles.

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Dude. I get that nothing is 100%.

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That said, resiliency can only help so much when you graduated from college in 2009. All of your good career options evaporated overnight.

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All of the adults who graduated in 1974 during 7.2% unemployment rate, a 12.3% inflation rate and a min wage of $8.12 in today's dollars say high.

Or, the ones who graduated in 79 or 80 with 6% unemployment, 13% inflation and interest rates of 14% .

For an adult who turned 18 in 1970, the UE rate ranged from 4.2% to 8.5% in the next 10 years while inflation ranged into the double digits 3 times and mortgage rates got into levels that people today can't even comprehend.

An adult who turned 18 in 1990 entered adulthood in a rough year. But, in the intervening 28 years, that adult has seen steadily declining mortgage rates, never seen double digit inflation and generally seen comically low inflation, and, while 1970 dude saw 9 UE rates over 6% in his next 10 years, 1990 dude saw 19 UE rates over 6% in the next 27 years. And 2009 dude? LOL. Sure. 4 straight years of rough unemployment followed by a CONSTANT decline. All while mortgage rates remained non-existent and inflation was a joke.

Look. I know each generation has its challenges, but let's not lose our minds here. I mean, you want to talk perfect storm. Go talk to 74 guy, or maybe 1980 guywho got 4 straight shite years of UE rates PLUS 3 straight horrendous inflation rates PLUS 14% mortgages!

Boomers lived in the age of "excess". For every peak there is a valley.

Polices that let banks and Wall Street run wild are still being felt today.

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Polices that let banks and Wall Street run wild are still being felt today.

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Dude

You live in an era where you can get a mortgage for sub 5%, inflation is basically non existent and the UE rate is 4.1%!

And, with that, you are FAR more likely to have Air Conditioning, women can get far better jobs more frequently, about 4x as many of you own washing machines and you live in FAR more square footage.

People need some fricking perspective and they need to get it ON THEIR OWN by researching stats themselves rather than from someone who cherry picked the frick out of them to present an angle.

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And why is that?

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Dude. I'm not saying there are no negatives.

But you frickers are out of your mind in your description of life in the 70s.

If you're saying you'd trade UE sub 5, mortgage rates sub 5 and inflation sub 4

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UE greater than 8, inflation 13% and mortgage rates of 14%, people are going to justifiably look at you like you're retarded.

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This.

The worst part of fricking millennials is their damn “woe is me” attitude.

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Yes. The "oh my God, I was fricked by the year I graduated college" line just completely reflects that the person has made NO EFFORT WHATSOEVER to look at previous years for some pretty fricking shitty years to draw as college grad years.

Others might not, but I got my CPA and will own my own business one day.