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The Real Reason Millennials Don’t Buy Cars and Homes
Yahoo Finance ^ | Fri, May 31, 2013 | Rick Newman

Posted on 06/01/2013 10:55:17 AM PDT by YankeeReb

click here to read article


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To: Shadow44
At least we didn’t blow up ROTC barracks. So save your indignation.

At the time, I was still in high school... in NJROTC actually. Besides, last I heard, Eric Holder was involved in that incident. He and his ilk are the ones you're putting your faith into for your futures... so good luck with that.

121 posted on 06/02/2013 4:39:45 PM PDT by Cementjungle
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To: Cementjungle

Funny how you like to generalize and stereotype, but seem annoyed when done so to you.

I didn’t ever vote for Obama, so take your grumpy old man act elsewhere.


122 posted on 06/02/2013 4:43:21 PM PDT by Shadow44
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To: Chickensoup

Congratulations! Freeper children rock!! :^)


123 posted on 06/02/2013 5:53:43 PM PDT by HokieMom (Pacepa : Can the U.S. afford a president who can't recognize anti-Americanism?)
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To: SamAdams76

Sam, It’s certainly not too late to simplify your life.
I did and it has left me retire. I have a 1997 Blazer and a 1994 TV, both functioning. I really don’t need to buy everything out there and am finding life enjoyable.
When the TV dies, I’ll buy a new one, same with the computer.


124 posted on 06/02/2013 6:04:22 PM PDT by bfree (Biden '13)
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To: BfloGuy

You are so right, it’s the “same sh** different day” time in history again.


125 posted on 06/02/2013 6:09:30 PM PDT by bfree (Biden '13)
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To: JCBreckenridge

“Name one thing they’ve done that’s actually helped their kids. We’ve had a shitty economy since the day we hit the workforce.

Boomers don’t care unless it benefits them.”

Well JC, your sure are a whiny little bitch. Why would ANYONE HAVE TO DO SOMETHING FOR YOU?
Get an education and go out in the world and create a life for yourself.

You truly are pathetic.


126 posted on 06/02/2013 6:16:27 PM PDT by bfree (Biden '13)
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To: bfree

The argument is that ‘boomers are naturally predisposed to help their children have a better life than they had’.

I’m calling that out as bull. No. No they don’t.

I would much rather that the Boomers did nothing at all rather than their ‘interventions’ which make things far, far, harder on us.


127 posted on 06/02/2013 9:16:14 PM PDT by JCBreckenridge (Texas is a state of mind - Steinbeck)
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To: JCBreckenridge

You’re really not helping the case to prove that Gen Yers aren’t whiners by complaining about Boomers.

Sure, lots of Boomers were screw ups and hypocrites, but they’re the types that skulk about on DU or Dailykos.

You can’t complain about being lumped in with the screw ups of a generation (Hipsters) and then complain about how the Ex-Hippie types are selfish jerks who ruined things are all Boomers.


128 posted on 06/02/2013 9:26:06 PM PDT by Shadow44
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To: Shadow44

So I’m not allowed to criticize bad policies passed by boomers to massively increase the public debt burden which I am going to have to pay?

Burdens, which they are passing onto us?

I’m not asking boomers to look after me. I’m asking that Boomers stop trying to fix things and making things worse.

You’re like a do it yourself ‘handy man’, tinkering on my car. It runs worse than it did before, you are spending lots of money because you don’t know how to fix the car, and in the end, I’m sitting here still waiting to get my car fixed.

I’d be better off if you just sat on your hands and left my car alone.


129 posted on 06/02/2013 9:35:59 PM PDT by JCBreckenridge (Texas is a state of mind - Steinbeck)
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To: JCBreckenridge

People need to just stop generalizing. It pisses us off that we get labeled for our idiot cohorts in OWS, just as it does that we blame them for the dysfunctional policies that lead to where we are now.

I know it really irritates me, because you’d think a lot of Boomers would hesitate to stereotpye after what they went through with their parents reaction to the counter-culture, but the whole “us vs. them” mentality doesn’t do anything productive.

The only people that come out on that are the statist thugs who successfully caused like-minded people to squabble over assigning blame.


130 posted on 06/02/2013 9:44:07 PM PDT by Shadow44
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To: Shadow44

I knew a guy when I was just out of college who ways always complaining about baby boomers. One day he started the morning by saying to me “What’s wrong with your generation?” Be for he even said good morning. I replied good morning and your generation read too much Dr Spock and did a lousy job of raising us. He didn’t say any thing but think he agreed some what with and left the room. He didn’t complain to me any more after that.


131 posted on 06/02/2013 10:02:12 PM PDT by ThomasThomas (A bad hair day is not a mental issue, or is it?)
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To: YankeeReb

Well, that explains why they drive Honda’s if they drive at all.


132 posted on 06/02/2013 10:16:02 PM PDT by 38special (For real, y'all.)
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To: Shadow44

The root cause of the animosity stems from social security.

It’s a social contract. Those working today pay for those retired today.

However, because of decisions that boomers made social security as it is worded is dysfuctional. It’s a math problem. There are simply not enough young people to pay for boomer retirements.

We have zero control over how many of us were born. All we have control over is finding sufficient employment. That’s the other side of the coin. Even if every one of us were out of unemployment, our wages are insufficient to pay for these benefits.

Again - this has nothing to do with those coming up and everything to do with present policies, hiring requirements, quotas, etc. Declining standard of living.

Why is the standard of living declining? Because demand is down. Why is demand down? Because there are simply not enough young people. No demand = no jobs. Low demand = fewer jobs. Low demand coupled by an established and large cohort results in what we see today - this cohort is actually picking up jobs.

If you do not need as many workers as you did previously, are you going to blow one of your ‘hires’ on a young person who might not work out? Or are you going to go with the person with more expericen, etc. It would be irrational for the company to choose the younger worker in this circumstance, which reflects what we do see here.

And I haven’t even gotten into the more recent policies, and how they effect hiring ratios, etc. The more expensive government makes hiring people, the less likely young people are to get hired. Straight out of Walter E. Williams, here.


133 posted on 06/02/2013 10:50:15 PM PDT by JCBreckenridge (Texas is a state of mind - Steinbeck)
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To: JCBreckenridge

If you do not need as many workers as you did previously, are you going to blow one of your ‘hires’ on a young person who might not work out? Or are you going to go with the person with more expericen, etc. It would be irrational for the company to choose the younger worker in this circumstance, which reflects what we do see here.

Yeah I don’t think any company who wants to remain competitive years from now want to not hire younger workers...median ages at most defense contractors in over 50....especially on the engineering side.


134 posted on 06/02/2013 10:59:50 PM PDT by superfries
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To: superfries

I don’t think most companies are looking far enough ahead.


135 posted on 06/02/2013 11:26:41 PM PDT by JCBreckenridge (Texas is a state of mind - Steinbeck)
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To: blueunicorn6

Even F1 drivers (the highest paid, arguably best race drivers in the world) train using video games. The “simulator” aspect of them is that good. Plus seat time on-track is really expensive. Supplement that and learn a new track using computer sims? It’s a no-brainier.

http://espn.go.com/racing/nascar/cup/story/_/id/8714616/nascar-no-fenders-no-problem-brad-keselowski-ferrari-f1-simulator


136 posted on 06/02/2013 11:58:47 PM PDT by FreedomPoster (Islam delenda Est)
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To: Bryanw92; x; Lurkina.n.Learnin
>>I’ve never understood the push to get somebody into a home purchase when they cannot afford it. It’s more of an anchor if you’re not in a good stable work environment. Makes it hard to just pull up stakes and move on.

That’s exactly why it’s pushed on people. A homeowner can’t change jobs as easily as a renter. He can’t decide that the politics in his city or state are too heinous to be tolerated anymore. Owning a house in the ‘burbs with the HOAs, covenants, restrictions, and rules almost mandates keeping up with the Joneses and teaches conformity.

This "rootlessness" of the Millenium generation corresponds pretty closely with the "rootlessness" of the Hero (G.I.)generation, born 1901-1924. The oldest of those came of age in 1921 (and watched their economic prospects disappear eight years later); the youngest came of age in 1944. They mostly grew up and came of age during a major economic crisis and a major war. Rootlessness was epidemic during the depression; and WW-II had people moving around like never before.

On December 8, 1941, that Hero generation (ages 17-40) showed up for duty.

This Hero generation (born 1982-2004 by the Wiki page; slightly expanded from S&H range), have been in combat, back-to-back tours, since 09/11/2001, reserves and active duty. The Iraq and Afghani wars do not rate as "great wars", yet. Their non-military cohorts have had the worst economic conditions for young adults since the Great Depression. This young Hero generation has experienced their own government being at war with them economically all the way through Bush's two terms and now through Obama's five years (much like with Hoover and FDR).

Whatever event calls them to "show up", it hasn't happened yet. I suspect this crisis era will be a war against Big Government, and a "Great War" against a commie/muslim alliance that seeks nothing but power and destruction.

Yes, there are many "rootless" Millenium people wondering what the heck they are going to do with their life. There are also some promising future leaders among them. I agree with Strauss and Howe that, when the time is right, they will work together and fight together for the national survival.

137 posted on 06/03/2013 12:35:12 AM PDT by meadsjn
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To: cymbeline
“Freedom and equality are sworn and everlasting enemies, and when one prevails the other dies.”

A great quote which I'll borrow for a tag line.

Thanks

138 posted on 06/03/2013 11:46:42 AM PDT by YankeeReb (“Freedom and equality are sworn and everlasting enemies, and when one prevails the other dies.”)
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To: JCBreckenridge

“You’re like a do it yourself ‘handy man’, tinkering on my car. It runs worse than it did before, you are spending lots of money because you don’t know how to fix the car, and in the end, I’m sitting here still waiting to get my car fixed.”

Stop sitting around waiting for someone else to fix the car.


139 posted on 06/03/2013 2:59:51 PM PDT by beef (Who Killed Kennewick Man?)
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To: beef

So I should fix it myself when I don’t understand how it works rather than taking it to someone who does?


140 posted on 06/03/2013 8:11:25 PM PDT by JCBreckenridge (Texas is a state of mind - Steinbeck)
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