re: Why are Moronials such whiny losers that blame all of their failures on Boomers?

Are millennials really the first generation to do worse than their parents?

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Millennials also are widely predicted to become the first generation in U.S. history to do worse than their parents financially. There is a powerful temptation to equate the much-maligned personality traits of millennials with their high unemployment rate -- at 16.2 percent for young people 16 to 24, it's more than twice the national average -- and limited financial prospects [source: Ayres]. But the truth, as usual, is much more complicated.

If millennials indeed become the first generation to do worse than their parents, it's less about the generation gap than the wealth gap. It's less about entitled kids who can't stand hard work than a wholesale lack of jobs that offer a living wage for someone with limited experience. In other words, it's not just the "kids these days," but the "economy these days" that we really should be moaning about.

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Millennials are the most educated generation in American history. On the surface, that seems like a good thing. But college and grad school cost money -- increasingly insane amounts of money. The price of attending a public four-year college rose 54 percent from 1998 to 2008 while the typical American household earned less in 2008 than it did a decade earlier, adjusted for inflation [sources: College Board, Leonhardt]. Therefore, to pay for the education touted by parents, teachers and the government as critical to future success, millennials took on massive debt, a record-breaking $35,200 on average for each 2013 U.S. college graduate [source: Ellis].

Student debt isn't necessarily a bad thing if there are well-paying jobs waiting for college graduates. Oops! Millennials had the poorly timed misfortune of graduating in the middle of the worst economic collapse since 1929. The Great Recession forced companies to downsize or at least stop hiring. The U.S. unemployment rate went from 4.4 percent in 2007 to a crippling 10 percent in 2009 and remains more than 7 percent in 2013 [source: Bureau of Labor Statistics]. When jobs become scarce, competition gets fierce. Millennials fresh out of college have to compete with applicants who have 10 years of experience but are willing to take lower-paying jobs out of desperation.

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The wealth gap between older and younger people has also widened significantly over the past 30 years. A 30-year-old in 2013 is worth 21 percent less than a 30-year-old in 1983. Meanwhile, the net worth of the average 60-year-old today is more than twice as high as 1983 [source: Lowrey]. In other words, young people keep getting poorer, while old folks get richer. Demographers point to skyrocketing college tuition for younger generations, higher unemployment, sinking home values and middle-class income stagnation [source: Yen].

These broad economic trends have nothing to do with narcissism, entitlement or Twitter. But taken together, they add up to ballooning debt, fewer well-paying jobs for college graduates and bleak long-term career prospects for millennials. Wouldn't you move into your parents' basement, too?

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Every generation has their obstacles.

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And some generations have more difficult obstacles. Millennials have much more pervasive and difficult obstacles than Boomers. The Greatest Generation had more pervasive and difficult obstacles than boomers, too. TGG v. Millennials would be interesting but that isn't the discussion. Boomers had an easier path than both.

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the American people, have let the Government grow into a corrupt behemoth

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Who has been in power doing this?

Certainly wasn't millennials.

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Instead of squabbling about who did what to whom. We need to band together and put a stop to the corruption that has taken over the Government at all levels.

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Boomers have had 30-40 years to do this and it only got worse. Why would anyone trust them to fix it?

Again, look at our debt explosion since 2000. That 20-year period had no real millennial influence and was almost exclusively boomers in power.

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No.

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Yes.

Millennials are a weak generation. The ones after them are even worse. A lost cause.

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SlowFlowPro

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perpetual retarded stupidity and ignorance

I am not a fan of Social Security or Medicare. The point I was making is that people are forced to pay into the system and you cant blame anyone for wanting to get their money back out of that system. That doesnt make them a leech.

When I was a teenager we were told we would never own our own home. Inflation would destroy the economy, medicare and Social Security would not be there when we retire if you could retire, and we would freeze to death in 20 years if we didn't die from a nuclear holocaust first. Does any of that sound vaguely familar?

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Millennials are a weak generation. The ones after them are even worse. A lost cause.

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You can be emotional or look at the facts. You're currently choosing emotion.

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perpetual retarded stupidity and ignorance

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You won

-JJ

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GENERATIONS DO NOT GUIDE GOVERNMENT - INDIVIDUALS DO, YA FCKG IGNORANT AZZHOLES

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If you don't understand the simple concepts being discussed in this thread, then maybe you should go educate yourself.

This is discussing population cohorts and their respective economic opportunities and behaviors. It's OK to discuss groups of people and compare them.

The cohort that was born roughly 1945-1965 has been the population dominating power roles for the past 20 years. The past 20 years have created economic, governmental, and societal difficulties for population cohorts born 1980-1995 (or so).

Further, the population cohort born 1980-1995 has faced 2 Black Swan events (2008 crash and CV19 pandemic) at critical times in their economic development paths that leave permanent scars on their economic potential.

Lastly, the national debt that has exploded under the time period where the 1945-1965 population cohor has been the dominant power group will be left to be dealt with by those born 1980 and after, while the 1945-1965 population got to enjoy the fruits of all that debt-spending over multiple decades. They ran up the credit card and the future populations have to pay for it.

How so?

I think older Gen X and Boomers see this as throwing personal insults at them and the thing is, it's not really that. Just like how I explained earlier that Boomers still had to work hard, save, etc. to really maximize the benefits of their Golden opportunity. If you were lazy and spendthrift, you ended up with little to show for it (and an underrated part of this discussion is that while the Boomer posters on here may not fall into that grouping, that grouping is VERY common, which is why Boomers have refused to retire and are clogging up advancement for X/Millennials).