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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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To: Snickering Hound
This is the perfect response.

The problem is not what generation these kids are in - it's the decisions they're making, and who they're listening to when they make those decisions.

21 posted on 06/21/2018 2:29:31 PM PDT by grobdriver (BUILD KATE'S WALL!)
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To: Oldeconomybuyer

They should be angry at their parents in the education system for telling them a big fat lie about how life works


22 posted on 06/21/2018 2:29:34 PM PDT by BRL
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To: rickmichaels
And yet the Millenials stood by and cheered ( and voted for) Obama on as he doubled the National Debt in eight years right before their eyes

They called the Clinton years the 8 year Vacation From History and we paid a high price for that vacation

The Obama year are going to be become known as America’s eight year Vacation From Reality and the whole world will paying the price for this vacation for decades

23 posted on 06/21/2018 2:29:53 PM PDT by rdcbn
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To: rickmichaels

50 year olds are X-ers, not Boomers.


24 posted on 06/21/2018 2:31:20 PM PDT by SSS Two
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To: Diana in Wisconsin

LMAO.


25 posted on 06/21/2018 2:31:32 PM PDT by TADSLOS (Alex Jones isnÂ’t quite the wing nut now, all things considered.)
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To: rickmichaels
Well many of them are not helping themselves by allowing our borders to be erased in the misplaced feeling that they are compassionate, and criticizing those who are trying to elect people who want to Make America Great Again primarily for them.

Instead they think they are being clever & smart by telling the President F you. Claiming that he is a racist, a Nazi, and he is Hitler on steroids. But I blame our educational system for them being so uninformed and gullible.

26 posted on 06/21/2018 2:32:12 PM PDT by Robert DeLong
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To: Snickering Hound

Great Post!

27 posted on 06/21/2018 2:32:48 PM PDT by Fiddlstix (Warning! This Is A Subliminal Tagline! Read it at your own risk!(Presented by TagLines R US))
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To: rickmichaels

Why would the young be mad at those older?

We baby boomer types, paid sharply higher social security taxes all these years, in order to fund social security payments in our futures. We also had financial ups and downs and economic uncertainty, paid what at the time were high prices for housing, etc.

And generations before mine had to go fight in a war, in which they weren’t certain they would come home.

Every generation has had ups and downs is the point. Do today’s young people really have it so much worse? It depends on the criteria you want to talk about.

Among other things, many of today’s young adults grew up in homes which are luxurious compared to where their parents and grandparents grew up. Relatively few of today’s young have hard dangerous physical labor type jobs.

We could all say a lot about this . I’ll leave it at that.


28 posted on 06/21/2018 2:33:09 PM PDT by Dilbert San Diego
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To: rickmichaels
Unsustainable welfare state + death spiral birth rates = importing horrific subhumans.
29 posted on 06/21/2018 2:33:41 PM PDT by deadrock
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To: rickmichaels
Commie and Millennial solution: Steal from those who have.
Boomer and earlier solution: Work until you have.

30 posted on 06/21/2018 2:33:58 PM PDT by BitWielder1 (I'd rather have Unequal Wealth than Equal Poverty.)
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To: Adder

My parents collected numerous pensions from the government. Military, civil service, etc...Dad left my mother where she never had to work a day in her life. She is 85. I don’t begrudge her that.

My wife and I will work until very close to when we die. I won’t be able to retire until almost seventy. We are boomers.

I get really tired of this whiny generational stuff that acts like whatever they postulate is a rule for everyone society wide.


31 posted on 06/21/2018 2:34:23 PM PDT by Luke21
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To: Brilliant
Yes, it just shows how misinformed (I'll be polite) the Millenials truly are. The Democrats are responsible for many of the problems in this country, especially the economic problems. The Republicans aren't totally blameless - the RINOs need to have less say in things - but Millenials blaming their station in life on "wealthy" Republicans is pretty ridiculous.
32 posted on 06/21/2018 2:34:47 PM PDT by Major Matt Mason (The U.S. Senate - where American freedom goes to die.)
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To: rickmichaels

Don’t be lecturing us “boomers”...all we did was live our lives, as best we could, under 28 years of liberal/RINO administrations.

It was OUR money they stole from Social Security, and have never paid back.

Tax and spend is what liberal/democrats do...they’re known well for it. Conservatives usually have to finally get in to straighten things out, and then everyone gets complacent and either puts a majority liberal congress in place, or elects another damn democrat for president.

You want someone to blame? Better study your history and look to the government...not the “boomers”. The “boomers” were probably your parents, or grandparents...you blaming them for “ruining your life”?

shaking head


33 posted on 06/21/2018 2:34:56 PM PDT by FrankR ( Winners NEVER cheat, and Losers NEVER win.)
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To: rickmichaels

I refuse to be blamed for the lack of self-discipline, lack of work ethic, lack of attitude to sacrifice in the short run to improve the future, and lack of personal responsibility exhibited by so many millennials.

Looking back on living in basement apartments, furniture was the >20 year old hand-me downs from relatives, or wood planks supported by milk crates and concrete blocks. The first 2-3 cars were very used, no AC, crank windows, AM radio.... We did NOT eat out. We did not present ourselves as being more affluent than we actually were. There was a pride in making it on your own and building your life as you went along.

I have worked for many, many years. My millennial children have college degrees, no debt, decent jobs, and they also work hard. They are not sitting around blaming someone for what they “don’t have”. Nothing has been handed to them.

It is too bad that the whiners get all the attention in this country.


34 posted on 06/21/2018 2:36:01 PM PDT by NEMDF
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Comment #35 Removed by Moderator

To: Snickering Hound

That pic says it all.
In that pic, “Mark” isn’t a afraid to get his hands dirty. “Megan”, on the other hand, could never fathom the idea of actually “working” for a living.
A good pipeline welder in the Permian Basin or Eagle Ford makes more money in a year than most doctors, lawyers, etc. It’s hot, nasty, dirty work far from home, but the good ones really make a bundle. The smart ones sock it away.


36 posted on 06/21/2018 2:36:15 PM PDT by lgjhn23 (It's easy to be liberal when you're dumber than a box of rocks.)
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To: rickmichaels

This is not a zero-sum game.

I worked my a$$ off in ADDING VALUE for which I was compensated and then invested which has paid off dividends for my retitrement after 40+ YEARS of straight work.

I stole not a dime from any Millennial nor anyone else. I *certainly* held no gun to anyone’s head when they could not do basic math to determine if they should take out a loan against future earnings.

Let them come back after 40 years of work and THEN look at the situation.

But this article does a great job of perpetuating the notion (not a myth and not a stereotype) of whining Millennials who want it all handed to them.


37 posted on 06/21/2018 2:36:20 PM PDT by freedumb2003 ("We were designed as gardeners, not cubicle rats." (/robroys woman))
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To: rickmichaels

.
More leftie fake news!

Your “Grim Future” is your own to craft!

(especially in the Trump Economy!)


38 posted on 06/21/2018 2:36:23 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: BBell

http://www.lit.edu/

Get a certificate or Associates from Lamar Institute of Technology in Beaumont Texas and the refineries will knock your door down trying to hire you.

Other schools in other states have similar programs.

Don’t get ripped off by Phoenix University or DeVry though.


39 posted on 06/21/2018 2:36:30 PM PDT by Snickering Hound
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To: Eddie01

Congratulations! Make sure you teach him how to keep his mouth shut and his opinions to himself under most circumstances. Said with all due respect.


40 posted on 06/21/2018 2:38:13 PM PDT by Attention Surplus Disorder (Apoplectic is where we want them)
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