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[The Atlantic] The Next Recession Will Destroy Millennials
- Thread starter Kieli
- Start date
That's not a baby boomer that's possibly a gen x-er. They're the ones who voted for gay marriage and legal weed and fought against unnecessary wars in the middle east and voted for Obama.
Not at all surprising. As George Calum once said, the Boomer generation is one that's built on the phrase "GIMME THAT IT'S MINE!"
So true
The Great Recession scared me for life. I live very frugally and that will likely never change.
I for one can't wait to spend the next 40 years working retail and still not be able to afford a place to live.
Is this the first time you've seen an Old Economy Steven meme? They're about baby boomers. The name itself is a play on the Scumbag Steve meme that lambasted useless, helpless millennials.
Yep. My dream groing up was to be an artist, but fuck it. It's not worth it. I work at a tech company now and draw for fun, and I'm glad I made that choice.
It's not even that bad either! I don't "love" my job, but I love the people I work with and I love the challenge. Not to mention that I get free time to pursue my other worldly hobbies, and I'm happy I made this choice because if I didn't, I'd be proper fucked.
Graduated right before the great recession, and i doubt i'll ever really make up that gap of lost income, or the benefits finding full-time work earlier would have provided.
At least I do OK now. Better than many other young-ish people I know. Another big recession will hurt a lot of people, and make things worse for an already strained group, no doubt about that.
At least I do OK now. Better than many other young-ish people I know. Another big recession will hurt a lot of people, and make things worse for an already strained group, no doubt about that.
There's a lot of speculation in this article and it doesn't really back any of it up, especially the conclusion "Millennials will be destroyed and Gen Z will have it worse." Article seems like a lot of doom and gloom claptrap trying to hammer all of those google-friendly buzzwords... The Atlantic usually doesn't try to do viral-friendly articles like this one, leaving them for Business Insider and Forbes.
I don't think I conveyed my general point. It's not that Bernie/Warren will snap their fingers and turn US into Sweden/Norway, but that if the US ever gets there, it'll be off the back of leaders like Bernie/Warren doing large scale economic reform, term by term. We will need 3/4 Bernie/Warrens with Democratic Senates to get there but that implies we will need the first Bernie/Warren.
I'm well aware what it is.
My point is the reforms Bernie wants are compatible with the social democratic model. Again, he's not going to snap his fingers and do socialism across the US. He'll try to push for publicization and greater welfare nets, he'll be hampered in some of his endeavors by Republicans and Democrats. This push and pull will settle somewhere around 'America, but with more welfare and taxation of the rich".
Well, think about it this way. Zoomers are going to live through the reality of dead seas and a pressure cooker of a planet.
Keep putting yourself in debt, thats how this country works, so they can sell your debt off and make money, etc. It's all invisible money. Their business model is basically the glass cash machines that blow money around and you try to catch as much as you can while the machine is running. When it stops, it all crashes.
Kind of gotta agree with this. Shit is not good for the younger generations, no doubt about that, and some salient points are made, but the article strikes a tone that a potential recession is going to be 2008 again. They aren't all like that, or even close to it.
Not to mention there isn't some kind of guarantee we are right on the precipice of a recession, either. I think abysmal growth is the more likely outcome.
This article is making the rounds again because of pocket so I figure it's a good place to put it.
Some of the more salient pics.
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And this is why Millennials are having a harder time of things than Boomers.
:format(webp):no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/6524059/14.0.png)
Some of the more salient pics.
And this is why Millennials are having a harder time of things than Boomers.
Lmao! Millenials vs Boomers in a nutshell.
Checkmate!
Or maybe Millenials vs Climate Change.
Just anecdotal evidence, Germany.
My parents. No highschool degree, did apprenticeships. My mom stopped working when she got pregnant for around 13 years (4 kids). Dad had a normal paying job.
Built a house with a big garden, 3 floors, no worry about insurance, pension etc.
Work time for most boomers: 37-38,5 hours.
Me and most of my friends: Bachelor/Master degree. Married to someone else also having those degrees. Building a house not affordable at all. Buying a house affordable, but almost no good houses available here. Investors and old people buying up the market. If a house is available, its gone because realtors sell it to investors who can transfer the money in 10 minutes. People who got an affordable house or own appartment that I know usually get it through contacts. "Grandmas neighbor selling it." "Friend of a colleague wants to sell it soon" etc.
Work time for people I know with university degrees: 40 hours or more.
My parents. No highschool degree, did apprenticeships. My mom stopped working when she got pregnant for around 13 years (4 kids). Dad had a normal paying job.
Built a house with a big garden, 3 floors, no worry about insurance, pension etc.
Work time for most boomers: 37-38,5 hours.
Me and most of my friends: Bachelor/Master degree. Married to someone else also having those degrees. Building a house not affordable at all. Buying a house affordable, but almost no good houses available here. Investors and old people buying up the market. If a house is available, its gone because realtors sell it to investors who can transfer the money in 10 minutes. People who got an affordable house or own appartment that I know usually get it through contacts. "Grandmas neighbor selling it." "Friend of a colleague wants to sell it soon" etc.
Work time for people I know with university degrees: 40 hours or more.
While it may provide some temporary comfort, don't forget that the alt-right is a young movement, and contains millenials/zoomers. We're not going to win with age.
The last recession cost me and my wife untold thousands of dollars. We've been at a point the past few years where things are looking good.
I'd rather not have my savings wiped and my value cut off at the knees, all things considered.
I'd rather not have my savings wiped and my value cut off at the knees, all things considered.
Not but it will get better. I think shifting demographics will change that. Alt right is popular among some outcast young men but thats about it. Feels like half of them are high schoolers.
And thinking back to young me in middle/high school I was a shitty edge lord back then too and quickly grew out of it.
I'm already homeless, unemployed and struggling thanks to fucking up my degree and can't afford to go back and finish it and broke as shit.
When a 2 year degree but 3 years of managerial experience isn't landing me shit, in my field or out, minimum wage or not, I figure I'm just prototyping this new world for yall.
Come on in guys, the water's fine......ly saturated with microplastics.
When a 2 year degree but 3 years of managerial experience isn't landing me shit, in my field or out, minimum wage or not, I figure I'm just prototyping this new world for yall.
Come on in guys, the water's fine......ly saturated with microplastics.
Most of my friends have at least joked about suicide as their retirement plan