Are Millennials the Screwed Generation? (Boomers never had it so good)

One key reason: their indebted parents are not leaving their jobs, forcing younger people to put careers on hold.

More BS. Their parents have been taxed to death and continue to support their children who can't or won't get off the nest and earn a living. Further, most people no longer have a defined benefit pension. At best, they have a defined contribution pension that is thinly funded with meager amounts of money left after high taxes and supporting those children who refuse to leave the house. It is necessary to continue working much longer to pay the bills.

The current generation wants it both ways. They want parents to leave employment and "make room" for them. At the same time, they don't want to pay the same social security taxes that these displaced parents are paying and that will supplement their meager income from the defined benefit plans.

I turn 56 next month. I have no intention of leaving my employment until I can either no longer perform or I'm room temperature. We have job openings that we can't fill with those whiners wanting job openings. You have to have the ability to do the work. Keeping a seat pan warm won't cut it. Our customers pay for performance not attendance.

Stuff I see with xers and millenials:

Cable bills are ridiculous. Cut that cable and save the 100 to 250 per month.

Smartphones are a major drain. Use the minimum plan.

Learn to cook.

There are way too many xs and ms with really expensive cars. Loans are frequently 700 per month and higher. Drive a used car.
Like we did when we were your age.

Expenditures on video games and video game services chew through lots of cash. Get a life. Go out and meet someone. Go fishing or hunting.

There is an easy way to transfer wealth tax free. All you have to do is pay your children’s bills. Make their mortgage payment, pay their utilities, the only necessity is that you never give the money directly to them. Anyone that dies and lets the government get their assets is an idiot. My great-uncle was an idiot, he let his nest egg get taxed to the tune of paying the state and feds 1.2 million. He was a fu¢ktard in this respect but otherwise a great guy. Still miss him.

I’m not quite old enough to WANT to think about it a lot, but I’m (we’re) old enough that we should’ve already been prepared for it. We are somewhat, I guess, but it is time we should have it all nailed down completely.

Thanks for the nudge.

The youth tend to invest a much higher percentage of their disposable income in IT hardware and software that rapidly obsolesces and loses its value.

Yeah but how many of us bought cars that went UP in value 30 yrs ago?

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