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Millennials waking up to grim financial future left by baby boomers — and they're angry
Financial Post ^ | June 21, 2018 | Ben Steverman

Posted on 06/21/2018 2:19:46 PM PDT by rickmichaels

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1 posted on 06/21/2018 2:19:46 PM PDT by rickmichaels
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To: rickmichaels

bkmrk


2 posted on 06/21/2018 2:22:08 PM PDT by fwdude (History has no 'sides;' you're thinking of geometry.)
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Comment #3 Removed by Moderator

To: rickmichaels
And she said these young people, just now realizing how bad their prospects are financially, are increasingly angry.

It's been said that eventually you run out of other people's money. Today's young people are the "other people".

4 posted on 06/21/2018 2:24:26 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Snickering Hound

Exactly.


5 posted on 06/21/2018 2:24:34 PM PDT by TADSLOS (Alex Jones isnÂ’t quite the wing nut now, all things considered.)
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Comment #6 Removed by Moderator

To: rickmichaels

My son is 15.

He follows Fox and the Market.

Total conservative.

Thinks his classmates are all retarts.

Has a group of conservative friends.

He carried a 3.97.

Plays marching Sax and concert Obo.

Brilliant little fkr.


7 posted on 06/21/2018 2:25:42 PM PDT by Eddie01
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And who are these angry millennials voting for?


8 posted on 06/21/2018 2:25:58 PM PDT by Kipp
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To: rickmichaels

“...wealthier, right-leaning baby boomers and the remaining members of the so-called Silent Generation will once again swamp them at the polls.”

Damn Skippy we will.

Now you kids get back to get back to work! ;)


9 posted on 06/21/2018 2:26:42 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set.)
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To: rickmichaels

Living together instead of being married, and especially having children out of wedlock, contributes to worse life outcomes for both adults and children. Illegitimacy is 40% nationally. The breakup of the family for Boomers and failure to form new ones for their children is tied to worse life outcomes for all involved.

Families are the real issue for opportunity, not inequality
https://www.brookings.edu/blog/social-mobility-memos/2015/05/26/families-are-the-real-issue-for-opportunity-not-inequality/

Monogamy reduces major social problems of polygamist cultures
http://news.ubc.ca/2012/01/23/monogamy-reduces-major-social-problems-of-polygamist-cultures/


10 posted on 06/21/2018 2:26:56 PM PDT by tbw2
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To: rickmichaels
Just wait till the gov( state and local ) retirement funds go belly up.
11 posted on 06/21/2018 2:27:09 PM PDT by maddogtiger
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To: rickmichaels
“I think you’re going to see growing conflict,” said Susan MacManus, an emeritus professor of political science at the University of South Florida"

Says one of the people who HELPS create the "conflict."

12 posted on 06/21/2018 2:27:14 PM PDT by goodnesswins (White Privilege EQUALS Self Control & working 50-80 hrs/wk for 40 years!)
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To: rickmichaels

So why do they keep voting for Democrats?

They are just as much to blame.


13 posted on 06/21/2018 2:28:04 PM PDT by Brilliant
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To: Snickering Hound

That is it, in a nutshell! My two went to Tech college. They are gainfully employed and not living in my basement.

(And they never will be!)


14 posted on 06/21/2018 2:28:09 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set.)
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To: Snickering Hound

that’s about right except a good trade takes about two years and if you get in a union apprenticeship program you are debt free. The unions are looking hard for folks as people are are not as interested in real work as they use to be. When I was young you had to know someone to get an apprentice position, not anymore.


15 posted on 06/21/2018 2:28:29 PM PDT by BBell (not drinking, just a smart a$$)
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To: Eddie01

Good for him!


16 posted on 06/21/2018 2:28:38 PM PDT by NEMDF
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To: rickmichaels

Millennials largely made the decision of affluent children to study acting or women’s studies or whatever they felt would help to actualize themselves at expensive private colleges because they were indulged by Boomer parents with plentiful resources and relatively few children to divide them among.

Surely it is not the fault of another generation if those grads don’t find the job market as easily rewarding as has been 30 years on their Boomer parents’ dime.


17 posted on 06/21/2018 2:28:55 PM PDT by 9YearLurker
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To: rickmichaels

millennials and the next cohort, Generation Z, are weighed down by student debt and stagnant wages.

My millennial daughters are all doing quite well (better than Mom and Dad), thank you, because they selected universities without high price tags and took on minimal student loan debt. They also chose courses of study which produced degrees which are actually marketable and married men who did the same.

One of my sons-in-law actually skipped college altogether and went into a vocational trade where he gets his hands dirty but brings home a bigger paycheck than most college graduates. Imagine that!?

18 posted on 06/21/2018 2:29:06 PM PDT by Vigilanteman (ObaMao: Fake America, Fake Messiah, Fake Black man. How many fakes can you fit into one Zer0?)
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To: Oldeconomybuyer

They should find solace in the “fact” that climate change will kill them before they get old and need those retirement savings.


19 posted on 06/21/2018 2:29:15 PM PDT by FirstFlaBn
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To: rickmichaels

My first job was in a recession and the pay was lousy. I did it because I had to get work experience. I didn’t blame the greatest generation for my problems. It didn’t even occur to me!


20 posted on 06/21/2018 2:29:27 PM PDT by miss marmelstein
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