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Posted: 12/6/2023 8:34:34 PM EDT
[#1]
wages haven't increased the same amount as goods. vehicles, property, material items, food, etc. if they did, everyone would be "even".
this day and age, talking past 10 years, 10 years ago I bet 99% of people feel the same, financially speaking, as they did back then. not getting ahead, without living outside their means while saving the same amount, if not less. some people cant manage money, but thats not the overall blanket issue. |
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Posted: 12/6/2023 8:37:19 PM EDT
[#2]
Three words for these millennial bastards……
BOOT STRAPS! |
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Posted: 12/6/2023 8:37:29 PM EDT
[#3]
Quote HistoryQuoted: Lessons I’ve learned over two recessions- 1) always live beneath your means 2) never have less than six months cash in case of a financial emergency 3) it takes money to make money. Look for opportunities. 4) never turn down a good thing/ continue looking for something better 5) take care of your health. Life can go from 100 to 0 pretty quickly even if you don’t fuck up Solid post. |
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Posted: 12/6/2023 8:39:34 PM EDT
[#4]
Quote HistoryQuoted: We are the last generation to remember masturbating without a smart phone.  Attached File |
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Posted: 12/6/2023 8:40:06 PM EDT
[#5]
Quote HistoryQuoted: Or it could be the massive slide toward bankrupting the country into accepting socialism on a national scale. I had civics and economics on my curriculum in the early 2000's still btw. I grew up in Camden NJ and they did not teach that at the high schools or vocational school. Another issue is that people live beyond their means and keep buying everything on credit, which is one of the biggest reasons they go bankrupt. |
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Posted: 12/6/2023 8:44:28 PM EDT
[#6]
Millennials are also the last generation to not poop in litter boxes at school.
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Posted: 12/6/2023 8:46:11 PM EDT
[#7]
Quote HistoryQuoted: Three words for these millennial bastards BOOT STRAPS! O O T S T A R P Z |
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Posted: 12/6/2023 8:46:44 PM EDT
[#8]
Eh, things could be better, but I'm doing alright. Anyone who thinks the last 25 years has been all lollypops and roses is denying reality though. 2008, 2016, 2020 caused real setbacks for many.
Many of my peers have not been as fortunate, divorce, injuries, cancer, etc. |
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Posted: 12/6/2023 8:46:49 PM EDT
[#9]
Quote HistoryQuoted: I'm an old millennial. I'm quite comfortable. Married to my wife for almost 14 years, kids, owe 1/3 what my house is worth, own 3/4 cars. |
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Posted: 12/6/2023 8:47:31 PM EDT
[#10]
Quote HistoryQuoted: I grew up in Camden NJ and they did not teach that at the high schools or vocational school. Another issue is that people live beyond their means and keep buying everything on credit, which is one of the biggest reasons they go bankrupt. You are correct, but living beyond your means is hardly unique to the millennial generation. My boomer parents have abysmal credit scores because they believe "whoever owns the most toys at the finish line wins". They squandered a 6 figure inheritance on new harley's and side-by-sides then had the audacity to ask me for money to fix their leaking roof 3 months later. |
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Posted: 12/6/2023 8:48:09 PM EDT
[#11]
Quote HistoryQuoted: Millennials are also the last generation to not poop in litter boxes at school. Not that there's anything wrong with a composting box for your tent. |
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Posted: 12/6/2023 8:49:33 PM EDT
[#12]
Suck it up, pussies!!!
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Posted: 12/6/2023 8:52:00 PM EDT
[#13]
Quote HistoryQuoted: Boomers, gen X, millennials, and gen Z…..who has had it the best and who has had it the worst in order? I’m not being nefarious, but would like to see how each generation ranks others Boomer here, what you ask is oversimplified. FYI, we ALL went through the same crap as they did, and THEN some more- so, they saw ONE recession? We saw 5. IMO, all other things being equal, the gens had it good when their parents had it good- plenty of work, good economy, cheap prices, etc. Every decade, since the 60s, saw recessions. In the 70s, when I started driving, gas was 35 cents/gal. Then OPEC hit, gas tripled, IF you could find it. 80s, 90s, Y2K, 00, 09- depression, ETC. IMO, they also saw when Trump was president, when the economy was great, prices were low, In my 65 years I had NEVER seen SO many "for hire" signs, literally everywhere. |
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Posted: 12/6/2023 8:53:05 PM EDT
[#14]
We need a millennial subforum.
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Posted: 12/6/2023 8:53:28 PM EDT
[#15]
Yeah but they got Grandma's and Grandpa's to bail them out when they overextend, spoiled to the bone |
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Posted: 12/6/2023 8:53:46 PM EDT
[#16]
Seems like typical lefty bullshit of trying to expand definitions to include as broad a group as possible.
How about of you are 35 and don't own a home yet then you likely made poor life decisions. Call it the "loser, no shit sherlock" segment of society. But let us write an article trying to define yet another victim class. |
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Posted: 12/6/2023 8:55:32 PM EDT
[#17]
Quote HistoryQuoted: We need a millennial subforum. I think it's called "General Discussion" Boomers have a funny way of naming things 
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Posted: 12/6/2023 8:55:44 PM EDT
[#18]
Quote HistoryQuoted: I remember using the victorias secret catalog back when the chicks were still hot while I was pulling on my bootstrap. I would say that is my one fetish involving sexy time with a woman. While most dudes are like "dont care it inly stays in for 15 seconds before hitting the floor". Nope, not me I prefer them to leave it on for awhile. The korean ex only ever shopped at Victoria's Secret. I was absolutely flying on cloud 9. So many mental images seared into my brain. |
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Posted: 12/6/2023 8:55:45 PM EDT
[#19]
Quote HistoryQuoted: You are correct, but living beyond your means is hardly unique to the millennial generation. My boomer parents have abysmal credit scores because they believe "whoever owns the most toys at the finish line wins". They squandered a 6 figure inheritance on new harley's and side-by-sides then had the audacity to ask me for money to fix their leaking roof 3 months later. did you offer them the blue tarp you've been sheltering under, brother? |
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Posted: 12/6/2023 8:57:45 PM EDT
[#20]
Quote HistoryQuoted: did you offer them the blue tarp you've been sheltering under, brother? That's what I'd expect of a good son. Offer me your only worldly possession and shelter so my Special Edition Harley Davidson doesn't get rained on |
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Posted: 12/6/2023 8:57:45 PM EDT
[#21]
Quote HistoryQuoted: did you offer them the blue tarp you've been sheltering under, brother? That's my tarp, I earned it just like they earned their SS. By that I mean I stole it from someone else. |
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Posted: 12/6/2023 9:00:15 PM EDT
[#22]
Quote HistoryQuoted: That's what I'd expect of a good son. Offer me your only worldly possession and shelter so my Special Edition Harley Davidson doesn't get rained on     |
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Posted: 12/6/2023 9:01:07 PM EDT
[#23]
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Posted: 12/6/2023 9:04:07 PM EDT
[#24]
Quote HistoryQuoted: Lessons I’ve learned over two recessions- 1) always live beneath your means 2) never have less than six months cash in case of a financial emergency 3) it takes money to make money. Look for opportunities. 4) never turn down a good thing/ continue looking for something better 5) take care of your health. Life can go from 100 to 0 pretty quickly even if you don’t fuck up Very well said. My experience parallels yours. |
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Posted: 12/6/2023 9:05:59 PM EDT
[#25]
Count me in as a poor millennial
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Posted: 12/6/2023 9:08:57 PM EDT
[#26]
Quote HistoryQuoted: 5) take care of your health. Life can go from 100 to 0 pretty quickly even if you don’t fuck up The worst is when you barely get to start adulthood and you get the health issue. |
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Posted: 12/6/2023 9:12:47 PM EDT
[#27]
Not exactly sure why or for whom the article is written or what they’re hoping to accomplish.
Personally I’m aware of plenty of people whose finances look like ass. They run the gamut of early 20’s to retirees. Also aware of plenty doing very well for themselves, and again- a wide multigenerational swath. To act as though millennials and Z’s invented being poor or financially irresponsible is laughable. If I’ve noticed them being guilty of something it's confusing their parents wealth and level of comfort with their own- and going broke trying to maintain that. Student loan debt is a massive millstone that was tied to a candy coated lump of shit and pushed by employers and parents alike. I can’t imagine having the equivalent of a mortgage looming over my head while trying to get started. That goes triple for this shit economy we’re in as well. |
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Posted: 12/6/2023 9:12:48 PM EDT
[#28]
Quoted: It's a bad time to be an elder millennial. Elder millennials whom Bank of America defines as those ages 35 to 45 have already weathered a lot of economic storms. They've seen two recessions in their adult lives, a pandemic, and an economy that seemed to be stacked against them from the start. But while the pandemic and its resulting labor market may have offered some economic reprieve, the financial walls might be closing in on elder millennials. That could be chalked up to the lifestyle expectations of a cohort that should be entering a more stable period of adulthood, one that includes comfortably spending, owning a house, and saving for retirement. Instead, they're falling behind in home ownership, accruing trillions in debt, and still scrambling to maintain their lifestyle. Some of the blame rests with the recessions that came before. "The older Millennial cohort is more likely to have been hit harder by the 2008 housing crisis, which potentially set them back financially relative to younger Millennials," Bank of America Institute wrote in their research on homeownership. As Business Insider's Hillary Hoffower previously reported, the Great Recession made millennials born in the 1980s a "lost generation" when it came to wealth accumulation. A 2018 report from the Federal Reserve Bank of St. Louis found that the wealth of millennials born in the 1980s was 34% below predictions. https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1l5erQ.img?w=768&h=513&m=6 GOT DAYUM MILLENNIALS They have had life very good until Biden, and not all that bad now. Jimmy Charter oversaw the only really bad times in the last 60 years or so and even the oldest Millennial can't remember that. 
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Posted: 12/6/2023 9:15:06 PM EDT
[#29]
Quote HistoryQuoted: They have had life very good until Biden, and not all that bad now. Jimmy Charter oversaw the only really bad times in the last 60 years or so and even the oldest Millennial can't remember that. 2008 was a particularly fantastic year to be entering the workforce
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Posted: 12/6/2023 9:15:39 PM EDT
[#30]
Quote HistoryQuoted: They have had life very good until Biden, and not all that bad now. Jimmy Charter oversaw the only really bad times in the last 60 years or so and even the oldest Millennial can't remember that. Quote HistoryQuoted: Quoted: It's a bad time to be an elder millennial. Elder millennials whom Bank of America defines as those ages 35 to 45 have already weathered a lot of economic storms. They've seen two recessions in their adult lives, a pandemic, and an economy that seemed to be stacked against them from the start. But while the pandemic and its resulting labor market may have offered some economic reprieve, the financial walls might be closing in on elder millennials. That could be chalked up to the lifestyle expectations of a cohort that should be entering a more stable period of adulthood, one that includes comfortably spending, owning a house, and saving for retirement. Instead, they're falling behind in home ownership, accruing trillions in debt, and still scrambling to maintain their lifestyle. Some of the blame rests with the recessions that came before. "The older Millennial cohort is more likely to have been hit harder by the 2008 housing crisis, which potentially set them back financially relative to younger Millennials," Bank of America Institute wrote in their research on homeownership. As Business Insider's Hillary Hoffower previously reported, the Great Recession made millennials born in the 1980s a "lost generation" when it came to wealth accumulation. A 2018 report from the Federal Reserve Bank of St. Louis found that the wealth of millennials born in the 1980s was 34% below predictions. https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1l5erQ.img?w=768&h=513&m=6 GOT DAYUM MILLENNIALS They have had life very good until Biden, and not all that bad now. Jimmy Charter oversaw the only really bad times in the last 60 years or so and even the oldest Millennial can't remember that.
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Posted: 12/6/2023 9:21:02 PM EDT
[#31]
The hardest part about being an elder millennial is seeing how great the country used to be in the 90's and knowing what hell lies ahead.
Younger people will have never known a world where we were great and free, and the older generations will die off long before SS runs out and the country is lost to the commies. Lucky bastards. All the kicking the can down the road will absolutely fall on our shoulders right as we get into our golden years. Almost our entire adult lives have been spent in a country at war (or serving in one), we'll have a short respite for 5-10 years before we're back into another 20 year war - probably WW3 which will wreck us. Those of us who saved a few pennies and built businesses will be the bag holders and we'll watch our life's work get robbed by the commies to pay for more social programs and reparations to the Chinese government after we lose to them. Millions will be lost to suicide as we have no hope with the knowledge of how things used to be and severe depression from working all our lives to support our boomer parents who were able to pass away before seeing the hell they left to us to deal with, and our retirements gone to support the tranny Gen Z who are now (in 2050 or so) the biggest voting block stealing whatever we have left. |
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Posted: 12/6/2023 9:24:37 PM EDT
[#32]
Quote HistoryQuoted: Average price of a pickup truck when my boomer parents were 40....$15,000. Gas $0.99 gal Average cost of home $50,000 My dad making $25/hr Average price of a pickup truck in MY 40's $52,000......gas $4.50. Average cost of home $350,000 Me making $27/hr Shits expensive as fuck, yo And we ait getting paid much more. Yes and yes But the way the CPI is computed, your purchasing power has risen because 4k HDTV is way cheaper than in 1992 and computers are a bigger bang per buck. Your parents probably used a 386 desktop back in 1991 and that was hot. So you are really richer than you think. |
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Posted: 12/6/2023 9:24:39 PM EDT
[#33]
It is quite hysterical to see boomers and gen x shit on millennials. Millennials are the literal life product of boomers and gen x. Its like watching them shit on themselves and be happy about it.
All the ground lost was under the tenure of the boomers and gen x yet somehow the it's the fault of the millenials. Millennials didn't create the current state of the education system. They didn't drive broken families. They are not the CEOs, C suite or board members of these companies going full retard woke. They are not running BlackRock. They didn't print the money that made the TP dollar. They are the product and heirs to this dystopia. |
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Posted: 12/6/2023 9:25:54 PM EDT
[#34]
Quote HistoryQuoted: The hardest part about being an elder millennial is seeing how great the country used to be in the 90's and knowing what hell lies ahead. Younger people will have never known a world where we were great and free, and the older generations will die off long before SS runs out and the country is lost to the commies. Lucky bastards. All the kicking the can down the road will absolutely fall on our shoulders right as we get into our golden years. Almost our entire adult lives have been spent in a country at war (or serving in one), we'll have a short respite for 5-10 years before we're back into another 20 year war - probably WW3 which will wreck us. Those of us who saved a few pennies and built businesses will be the bag holders and we'll watch our life's work get robbed by the commies to pay for more social programs and reparations to the Chinese government after we lose to them. Millions will be lost to suicide as we have no hope with the knowledge of how things used to be and severe depression from working all our lives to support our boomer parents who were able to pass away before seeing the hell they left to us to deal with, and our retirements gone to support the tranny Gen Z who are now (in 2050 or so) the biggest voting block stealing whatever we have left.  Attached File |
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Posted: 12/6/2023 9:27:11 PM EDT
[#35]
Quote HistoryQuoted: Not complaining about my real estate portfolio increasing 200% due to covid. Sold my trailer park last week for something like $2.25m after the debt yield is calculated in. Paid $325k for it in 2019. Thank you in advance for your capital gains contribution to the national debt. Also "Elder Millennial" is an oxymoron. |
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Posted: 12/6/2023 9:28:43 PM EDT
[#36]
Quote HistoryQuoted: 5) take care of your health. Life can go from 100 to 0 pretty quickly even if you don’t fuck up -cannot be overstated. |
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Posted: 12/6/2023 9:35:21 PM EDT
[#37]
Did this dipshit think that everyone older than these poor millennials also went though all of these economic hardships?
Stupid article. |
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Posted: 12/6/2023 9:37:03 PM EDT
[#38]
I learned this neat trick.....practice wanting less stuff.
Stuff will make you broke. |
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Posted: 12/6/2023 9:39:16 PM EDT
[#39]
If you're glad about this, you don't know much about the French Revolution.
Right or wrong, people under 45 think that rich people, capitalism and "the system" are rigged against them. In some ways, they're right. Guess who they're going to take that economic frustration out on? |
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Posted: 12/6/2023 9:51:40 PM EDT
[#40]
Quote HistoryQuoted: Not complaining about my real estate portfolio increasing 200% due to covid. Sold my trailer park last week for something like $2.25m after the debt yield is calculated in. Paid $325k for it in 2019. That’s awesome! |
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Posted: 12/6/2023 10:01:09 PM EDT
[#41]
Quote HistoryQuoted: Average price of a pickup truck when my boomer parents were 40....$15,000. Gas $0.99 gal Average cost of home $50,000 My dad making $25/hr Average price of a pickup truck in MY 40's $52,000......gas $4.50. Average cost of home $350,000 Me making $27/hr Shits expensive as fuck, yo And we ait getting paid much more. You dad had a hell of a job in 1980-1981. $25/hour back then was outstanding. |
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Posted: 12/6/2023 10:14:39 PM EDT
[#42]
Quote HistoryQuoted: Lessons I've learned over two recessions- 1) always live beneath your means 2) never have less than six months cash in case of a financial emergency 3) it takes money to make money. Look for opportunities. 4) never turn down a good thing/ continue looking for something better 5) take care of your health. Life can go from 100 to 0 pretty quickly even if you don't fuck up |
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Posted: 12/6/2023 10:18:16 PM EDT
[#43]
I can't afford to browse the interwebs on the latest and greatest phone while eating avocado toast every morning and eating out every day, but that's mostly because I have a house, a retirement plan, and a truck payment.
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Posted: 12/6/2023 10:18:41 PM EDT
[#44]
Quote HistoryQuoted: Lessons I’ve learned over two recessions- 1) always live beneath your means 2) never have less than six months cash in case of a financial emergency 3) it takes money to make money. Look for opportunities. 4) never turn down a good thing/ continue looking for something better 5) take care of your health. Life can go from 100 to 0 pretty quickly even if you don’t fuck up Good stuff. I have but one thing to add: 6. Have your house in good enough shape to be able to sell it if necessary |
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Posted: 12/6/2023 10:19:24 PM EDT
[#45]
Quote HistoryQuoted: How is someone born in the late 70s a millennial? Facts don't matter with Boomer clickbait articles |
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Posted: 12/6/2023 10:19:34 PM EDT
[#46]
Quote HistoryQuoted: You dad had a hell of a job in 1980-1981. $25/hour back then was outstanding. |
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Posted: 12/6/2023 10:34:35 PM EDT
[#47]
Work more hours than most
Save more than most Invest more than most Spend less than most Don't buy a lot of extras or excesses. Baring medical issues or unusual circumstances, you will be fine. It will be more difficult for young families starting out to purchase a first house, but doing the above will make it possible. It is called sacrifice, and it is a choice. It is something most people in previous generations did, but for them it wasn't a choice. |
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Posted: 12/6/2023 10:40:10 PM EDT
[#48]
Quote HistoryAccording to that chart millennials are the most productive people in history! Also I don't know of any job where the wages went up only 8% between 1980 and 2010 or whatever. Almost like they accounted for inflation with wages but did not for "productivity" in that chart. |
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Posted: 12/6/2023 10:41:36 PM EDT
[#49]
Quote HistoryQuoted: The whole thing just bugs me. I try and impart my wisdom to the millennials out there but honestly they're too fucking stupid. They are all about living in the moment and instant gratification. For starters; -Your first tent doesn't have to be the tent you're going to spend the rest of your life in -Look for a nice (affordable) starter tent from Walmart or even a Blue Tarp which works just as good. -Cut back on the luxuries. I'll say it again cut back on the luxuries -You don't need a fancy Coleman twin burner propane stove when a single burner stove is just fine for your needs. -You don't have to have the latest and greatest -Yes we've all seen hot tents, no you can't afford it. -Make a plan and stick to it -Ask your manager if you can pick up a second shift, most Wendys are open until 1AM so that's ample time to make some extra bucks Your first tent doesn't have to be the tent you're going to spend the rest of your life in -Look for a nice (affordable) starter tent from Walmart or even a Blue Tarp which works just as good. Counterpoint: buy once cry once -Cut back on the luxuries. I'll say it again cut back on the luxuries -You don't need a fancy Coleman twin burner propane stove when a single burner stove is just fine for your needs. Counterpoint: Blackstone 8 burner 400Kbtu -You don't have to have the latest and greatest -Yes we've all seen hot tents, no you can't afford it. Counterpoint: that’s the same as your first two points just reworded. Also I went camping once, it was in-tents -Make a plan and stick to it -Ask your manager if you can pick up a second shift, most Wendys are open until 1AM so that's ample time to make some extra bucks Counterpoint: YOLO |
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Posted: 12/6/2023 10:42:57 PM EDT
[#50]
Quote HistoryQuoted: Yeah, my dad made about $7/hr in the mid eighties. Quote HistoryQuoted: Quoted: You dad had a hell of a job in 1980-1981. $25/hour back then was outstanding. I was making $7-$8 in the mid 80s, in high school working at a landscape nursery. |
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