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Revealed: the 30-year economic betrayal dragging down Generation Y’s income

Those damned old people wanting retirement for time served...how DARE they!
*faux rage similar to that in the PC thread*

I am guessing when Millenials retire they will go softly into the night like in Logan's Run to keep from being a "burden" on the next generations...
 
Those damned old people wanting retirement for time served...how DARE they!
*faux rage similar to that in the PC thread*

I am guessing when Millenials retire they will go softly into the night like in Logan's Run to keep from being a "burden" on the next generations...
I doubt millenials will actively make things harder for their children and grandchildren while at the same time talkind down to them but we'll have to wait and see.
 
The problem with today's youth is too much idle time and a self-importance derived from a world of reality television and social media identity.

Too many are socially awkward, not involved in athletics or other activities, and transfixed in a world of technology and one-tracked "knowledge". In fact, there's a crisis coming when technology becomes largely self-sufficient and intuitively adaptive, and these masses of tech jobs become unnecessary.

Give me the kid who played sports, did volunteer work, and held down a job in high school that required he/she get dirty and have to deal with customers face to face. And then went to a big college and was actively involved in clubs, frats/sororities, and made good grades. And finally, that same kid gets an internship for a year or two, then goes to a different school to earn their masters degree.

That's the formula for a well-rounded 25-year-old.

Unfortunately, too many hide away indoors and take online classes, while refusing to work anywhere but an Apple or GameStop store, if that. These kids haven't seen a ray of sunshine or done a jumping jack in 10 years and watch the world through an iPhone.

And we haven't even gotten into the entitlement that their friend-parents have drilled into them.
 
Hello, I believe you have a man, straw in your post, please remove it and we can talk.

Oh? I thought you were railing against all things government when you claim that the government cannot achieve anything :

Ahh yes, only through the GOVERNMENT can anyone achieve anything... /SMH
When, and history bares this out, Government promises to pay for something, that something always costs MORE.

And the best you have is class warfare fearmongering?

Now, if your claim is that your initial argument was mind-numbingly stupid, i'm inclined to agree with you.
 
Real incomes for young adults have decreased while those for older boomers and the cost of living have increased dramatically. Goes to show the truly most selfish generation is the boomers.

From The Guardian:

Perhaps what it reveals is that the boomers, working in the post WWII Glory Days of good wages, have paid more into the Social Security program than other generations before and after.

Yes, the economy is a house of cards, no doubt, but that is not the boomers fault. NAFTA changed much of that, as predicted.

The subsequent generations have indeed got the short end of the stick, but that is not the boomers fault.
 
Oh? I thought you were railing against all things government when you claim that the government cannot achieve anything :



Now, if your claim is that your initial argument was mind-numbingly stupid, i'm inclined to agree with you.

Now you fall to insults. When government promises to pay for something, the cost goes up. That doesn't mean the alternative is anarchy.
 
DP posting tip #2. When quoting a post, be sure to take into account the entire context of the conversation before implying that the person to whom you are responding did not read a post properly. Otherwise you will look clueless.

DP posting tip #3 Don't accuse someone of not following the context of a conversation when the context of the entire conversation was taken into consideration. It makes you look as if you skipped over DP posting tip #1.
 
Why is it always someone else fault with this generation?
Because they are stepping into the pile of garbage that someone else dumped and lit on fire. Then they are told by their self-righteous elders -- half of whom were so self-centered, navel gazing and narcissistic that they were labeled the "Me Generation" -- that they're too self-absorbed.


Each generation inherits very little from the previous generations....
lol

Boomers were born into unprecedented levels of post-war prosperity. Gen X and younger Millennials graduated into massive recessions, which will depress their earnings throughout their entire lives.


This generation acts like they have it worse than any previous generation... yet they didn't have to recover from the worst Full Worldwide Economic Depression in recorded history while fighting a real world war that created extreme limitations on commodities at home, and drafted almost all of them into the military to fight that war.
They were dropped into the worst economic downturn in over 60 years, saddled with epic and unprecedented amounts of debt to go to the schools they needed to be economically competitive. Their parents grew up in a world of near-lifetime employment; that's inconceivable to someone joining the workforce today. Quite a few also did go to war -- who do you think was fighting in Iraq and Afghanistan? Senior citizens, perhaps?

By the way, we saw fewer soldiers in Iraq and Afghanistan than Vietnam not because of a lack of sense of duty, but because a) our political leaders (mostly Chickenhawks) didn't want to send large numbers of troops, and b) we don't need as many troops to do something like this as we did in the past.

I might add that bitching about the economy and the US is certainly not limited to people under 30. Who has spent the past 40 years moaning about jobs going overseas, about NAFTA, about Japan, then Mexico, then China? Who's voting for Trump?


There's a reason the generation that did that is called the Greatest Generation, and this one is not.
Why? Because they called themselves that?

The so-called "Greatest Generation" was not so great; they were just like anyone else. They were born into a different world, with different challenges, and they have their own moral, economic and political failures to deal with.


Read my sig below, suck it up and stop whining. Nothing in between birth and death is guaranteed - taxes used to be, but with EITC even that isn't guaranteed anymore.
So your answer is... to whine about other people whining? Impressive. :D
 
Because they are stepping into the pile of garbage that someone else dumped and lit on fire. Then they are told by their self-righteous elders -- half of whom were so self-centered, navel gazing and narcissistic that they were labeled the "Me Generation" -- that they're too self-absorbed.



lol

Boomers were born into unprecedented levels of post-war prosperity. Gen X and younger Millennials graduated into massive recessions, which will depress their earnings throughout their entire lives.



They were dropped into the worst economic downturn in over 60 years, saddled with epic and unprecedented amounts of debt to go to the schools they needed to be economically competitive. Their parents grew up in a world of near-lifetime employment; that's inconceivable to someone joining the workforce today. Quite a few also did go to war -- who do you think was fighting in Iraq and Afghanistan? Senior citizens, perhaps?

By the way, we saw fewer soldiers in Iraq and Afghanistan than Vietnam not because of a lack of sense of duty, but because a) our political leaders (mostly Chickenhawks) didn't want to send large numbers of troops, and b) we don't need as many troops to do something like this as we did in the past.

I might add that bitching about the economy and the US is certainly not limited to people under 30. Who has spent the past 40 years moaning about jobs going overseas, about NAFTA, about Japan, then Mexico, then China? Who's voting for Trump?



Why? Because they called themselves that?

The so-called "Greatest Generation" was not so great; they were just like anyone else. They were born into a different world, with different challenges, and they have their own moral, economic and political failures to deal with.



So your answer is... to whine about other people whining? Impressive. :D


Either you have been indoctrinated with pap written by equally indoctrinated Gen X, Y, Z'ers, or you know little of history.

Boomers weren't born into unprecedented levels of post war posterity. Boomers were born into uncertainty, potential cataclysmic nuclear war, and societal upheaval. There were riots, and at times, runaway inflation. Student protests rocked college campuses, and strikes in the workforce were common. Few government backed student loans were available, so college meant either parents footing the entire bill, an impossibility for most, or working multiple jobs to pay for it yourself. Communicating meant using a dial up phone, and research meant going to the library.

With all the demands and PC crap spewed by Millennials and others in that genre, it's ridiculous to point fingers at the very hands the fed you. What a mistake we boomers made. A real failure on our part to understand the spoiled children we were creating when we tried to give what we didn't have when we were growing up.
 
yeah...i guess the greatest generation had it made

those that actually lived at least

far fewer men came back than went over.....and yeah, jobs were plentiful

a lot of families had no father...but i guess that really isnt important is it?

and they lived in 1200-1400 sq feet houses....with few of the luxuries we now call necessities

they lived on their budgets....credit was scarce....when they really wanted something, they saved for it

and if you want to compare the cost of a 4 year education in 1960 at those wages, with today be my guest

and that is if they could even get their kids into one.....there werent as many around back then

so yes....some things were easier....some things were much harder

oh, to walk a mile in another mans shoes.....
 
Now you fall to insults. When government promises to pay for something, the cost goes up. That doesn't mean the alternative is anarchy.

I didn't insult you, but i do not respect the myth that government is bad.

If your claim had a lick of truth, we would be complaining about the costs of the postal service, electricity, water, sewage, and natural gas.

Instead, we complain about the private sector costs in healthcare, education, and internet service. Hmm...
 
I didn't insult you, but i do not respect the myth that government is bad.
Great, neither do I.

If your claim had a lick of truth, we would be complaining about the costs of the postal service, electricity, water, sewage, and natural gas.

Instead, we complain about the private sector costs in healthcare, education, and internet service. Hmm...
Hmmmm... I posted a link showing the rapid rise in costs ties in with the government take over of student loans.. HMMMM......
 
Revealed: The Ten Secrets to Losing Belly Fat Your Doctor Won't Tell You
 
Now you fall to insults. When government promises to pay for something, the cost goes up. That doesn't mean the alternative is anarchy.

He believes in the magic money-printing government tree.

And I'm not kidding. He really does.
 
There must be a duplicate thread because I swear I've answered this, didn't get infraction points, and they don't pull bad posts.....



But basically: people need to seriously consider the effect of (1) two world wars that devastated the youth of our potential competitors more than our youth, (2) the same wars repeatedly obliterated infrastructure in those competitors, and (3) the remaining competitors committed economic suicide with a totalitarian socialism they falsely named "communism" for purposes of duping the masses.

That left us with a huge running start. Those wars were not fought over our soil, our companies profited immensely from public spending on the wars, and we simply weren't hurt nearly as badly as the other warring powers given where the battles took place.

The ensuing cold war with the Soviets and to a lesser extent, China, drove us to outspend them on military and nukes. That was a stimulus to our economy, not a drag.
 
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Either you have been indoctrinated with pap written by equally indoctrinated Gen X, Y, Z'ers, or you know little of history.

Boomers weren't born into unprecedented levels of post war posterity. Boomers were born into uncertainty, potential cataclysmic nuclear war, and societal upheaval. There were riots, and at times, runaway inflation. Student protests rocked college campuses, and strikes in the workforce were common. Few government backed student loans were available, so college meant either parents footing the entire bill, an impossibility for most, or working multiple jobs to pay for it yourself. Communicating meant using a dial up phone, and research meant going to the library.

With all the demands and PC crap spewed by Millennials and others in that genre, it's ridiculous to point fingers at the very hands the fed you. What a mistake we boomers made. A real failure on our part to understand the spoiled children we were creating when we tried to give what we didn't have when we were growing up.

1. Fighting communism cowed us rather than spurred activity to fight communism? Did everyone become nihilist and not try to succeed, because maybe someone would blow everything up?

2. Race riots due to OUR RACISM slowed us down? So.....blame people who rioted in response to hundreds of years of racism?

3. Student protests did.....what...exactly to the economy? (Protests over pointless wars like Vietnam and racism, mind you. Those were bad things that they protested).

4. "PC crap"? What does anything you allege to be modern "PC crap" have to do with whether or not the (white) boomer generation had a slew of advantages over "millennials" (I'm not one, btw) who came into adulthood during a big economic cluster****?

5. The millennials who make headlines for being the "give me" generation are not representative of everyone of that generation. They're just the ones making headlines.
 
yeah...i guess the greatest generation had it made

those that actually lived at least

far fewer men came back than went over.....and yeah, jobs were plentiful

a lot of families had no father...but i guess that really isnt important is it?

and they lived in 1200-1400 sq feet houses....with few of the luxuries we now call necessities

they lived on their budgets....credit was scarce....when they really wanted something, they saved for it

and if you want to compare the cost of a 4 year education in 1960 at those wages, with today be my guest

and that is if they could even get their kids into one.....there werent as many around back then

so yes....some things were easier....some things were much harder

oh, to walk a mile in another mans shoes.....

It is the boomers who benefited from that, they benefited then ruined all those benefits for the next generations. According to Bloomberg college tuition costs have increased on average 1120% since 1978 alone. At least boomers could buy homes, we can only dream about it. Sure college was harder to get access in 1960 but it also was not necessary.
 
Real incomes for young adults have decreased while those for older boomers and the cost of living have increased dramatically. Goes to show the truly most selfish generation is the boomers.

From The Guardian:

this seems like a simple problem. As the world becomes more liberal economic growth is of course slowing. Liberalism is anti business! Is that really a surprise to anyone?
 
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Ahh Sangha, rolling in with the pointless!

UPS, FEDEX, DHL... EBooks, Half Price books... Competition Sanga, that thing you miss.

That's right! I forgot there was no competition in education. The govt has a monopoly on that :screwy
 

Well, if someone on the internet says so, it must be true!!

5cd9bdd28650fc93bc22bee882c69621.jpg
 
It is the boomers who benefited from that, they benefited then ruined all those benefits for the next generations.

College is more expensive for 2 reasons:

1) govt is poorer and cant afford state colleges as the liberal anti business and welfare/entitlement population grows and grows

2) govt makes loans readily available to students so universities jack up tuition accordingly
 
College is more expensive for 2 reasons:

1) govt is poorer and cant afford state colleges as the liberal anti business and welfare/entitlement population grows and grows

2) govt makes loans readily available to students so universities jack up tuition accordingly

Completely wrong.

The reason that education costs are out of control is not due to what the government does. *gasp*

It's the same reason that healthcare costs are so high. They can increase the price and still get paid.

They can lower admission requirements on merit, raise the price tag, and still achieve full enrollment. Why ?

Because virtually every American needs education and healthcare, and our government doesn't do enough to manage it the way they do with electricity, roads, k-12 education, etc etc.
 
It's the same reason that healthcare costs are so high. They can increase the price and still get paid.
.

under capitalism you must compete to survive by having the lowest price and best quality. Liberals oppose socialism. Do you understand? With competition health care and education would be 20% of what they are now
 
under capitalism you must compete to survive by having the lowest price and best quality. Liberals oppose socialism. Do you understand? With competition health care and education would be 20% of what they are now

We have competition already and that isn't magically fixing the problem so your infantile analysis is empirically false.
 
That's right! I forgot there was no competition in education. The govt has a monopoly on that :screwy

See we're talking about Student Loans, student loans are all through Uncle sam now... so... what part didn't you understand?
 
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