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Quoted: Nice. All my HS jobs in the mid eighties paid just over $3/hr. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: 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. Nice. All my HS jobs in the mid eighties paid just over $3/hr. It was hard work, involving lots of shoveling, lifting, squating and stooping over, in the Florida sun. Went to college and worked for a general contractor, working my ass off, going to class covered in orange clay, elastomeric waterproofing, sweat, drywall dust, and was making $7+ also. When the recession hit around '82 I had to switch over to a full serve BP station and settled for $4.50/hr to get hours. Worked the 3-11pm shift 5 evenings per week, while in engineering school. |
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Quoted: My dad moved to Texas and took a job for about $7/hr working on aircraft around 1987. I'm pretty sure he made more before that but got laid off and needed to feed our family. With five kids and a stay at home wife it was financially difficult for him until around the early 2000's. Almost all of his retirement savings were accumulated between 2005 and 2020. At that point he had maxed out his pay scale, obtained his A&P and had a lot of opportunities for overtime. He retired a few years ago at 67 and is doing fairly well now. View Quote No doubt. Wasn't my intention to diminish his work. I just wanted to set the scene that working hard, could get half-decent money (even for a kid), when the min wage was down around $3-$4. DIdn't do a very good job of making that point. For perspective, I also cashed out a couple $1000 cds to buy my first car at 15.5 yo, in '84. Was getting a little over 10% on those cds at my local bank. Also, I got laid off twice in 2 years, in the aftermath of the 2007 housing bubble burst. Took a job in 2009 at the state, making half what I was in 2007. |
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View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Age 35-45? Congratulations Gen-X, you are millennials now Someone needs to do up a Capt. Phillips meme "I'm the millennial now" for Gen-Xers https://www.ar15.com/media/mediaFiles/451403/88kuxo-3052252.jpg |
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That sucks
my 32yr old son owns a paid off house and has a rental with a mortgage. Instead of getting a new truck he replaced the engine. People are sometimes poor as they live a lifestyle they can afford. If they would just work more they wouldn't have a life and therefore no need for a lifestyle. Back to the salt mines kiddos. |
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Quoted: We were told that when we got to middle school all of our assignments would have to be written in cursive, flash forward to today and that same school district gives every student a tablet to do all of their assignments on. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Quoted: No we weren't. We were taught Square Dancing in gym class and the recorder in music class. We were told by our parents going to college is the only way to make a living as an adult. Starting your own business was only for the rich and if you wanted to be a blue collar worker, you probably had bad grades and didn't apply yourself. Thanks Gen xers and baby boomers Remember all of that time they spent teaching us cursive? You need to learn this because this is how every adult writes. We were told that when we got to middle school all of our assignments would have to be written in cursive, flash forward to today and that same school district gives every student a tablet to do all of their assignments on. Lol, yup. Same with my old school district. |
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Quoted: One of my biggest disappointments in life was upon reaching adulthood and interacting with other alleged adults, finding out what they were actually like. I never used my PE square dancing education. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Quoted: No we weren't. We were taught Square Dancing in gym class and the recorder in music class. We were told by our parents going to college is the only way to make a living as an adult. Starting your own business was only for the rich and if you wanted to be a blue collar worker, you probably had bad grades and didn't apply yourself. Thanks Gen xers and baby boomers Remember all of that time they spent teaching us cursive? You need to learn this because this is how every adult writes. I never used my PE square dancing education. I still haven't used my giant gym parachute education either. |
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Quoted: We were told that when we got to middle school all of our assignments would have to be written in cursive, flash forward to today and that same school district gives every student a tablet to do all of their assignments on. View Quote I remember teachers telling students they couldn't use a calculator because "in real life you won't always a calculator on you" Bitch my smart phone can translate math problems in Cantonese! |
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Quoted: This all started when they removed Civics and Economics from the school curriculum back in the late 80's. Even some of my generation (X) is clueless on how to budget them self's. View Quote Those were core classes when I was in high school (class of 2000) and are still core classes in that schools curriculum today. Attached File |
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Lol
most of my Army buddies retired from 38-40yrs old and I retired at 46. Retired lifestyle is the best lifestyle |
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Quoted: We should start a club. The best part is during a successful part of my financial recovery, I started a small business in late 2019 which the gov covid regs completely crushed...so that's fun View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Same boat; "elder" that basically bankrupted due to a divorce, and started over. Life goes on. Yep. I'm doing better now...got a nicer job and I'm hitting my retirement accounts pretty hard, but even so, I'm still way behind on that. It is highly unlikely I'll ever be at the financial level I could have been, had I not gotten divorced. But as you said, life does go on. We should start a club. The best part is during a successful part of my financial recovery, I started a small business in late 2019 which the gov covid regs completely crushed...so that's fun Damn, that sucks. I've never had the experience of having a business crushed by the .gov, but I do understand the constant feeling of shit happening at the worst possible time, every time. But I hear that if I stop shoving avocado toast down my throat at every opportunity, suddenly I'll be rich and can afford anything beyond my wildest dreams. |
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Quoted: Damn, that sucks. I've never had the experience of having a business crushed by the .gov, but I do understand the constant feeling of shit happening at the worst possible time, every time. But I hear that if I stop shoving avocado toast down my throat at every opportunity, suddenly I'll be rich and can afford anything beyond my wildest dreams. View Quote It won't work if you JUST cut back on AVO-CA-DOHH you also need to stop getting your daily Starbucks. Two step program to financial independence! |
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Quoted: It won't work if you JUST cut back on AVO-CA-DOHH you also need to stop getting your daily Starbucks. Two step program to financial independence! View Quote View All Quotes View All Quotes Quoted: Quoted: Damn, that sucks. I've never had the experience of having a business crushed by the .gov, but I do understand the constant feeling of shit happening at the worst possible time, every time. But I hear that if I stop shoving avocado toast down my throat at every opportunity, suddenly I'll be rich and can afford anything beyond my wildest dreams. It won't work if you JUST cut back on AVO-CA-DOHH you also need to stop getting your daily Starbucks. Two step program to financial independence! I knew I was forgetting something. |
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useless degrees for made up titles
no hands on skills no parenting skills no work ethic but god damn, we got iphones and iced coffee. maybe join the military and at least be useful... |
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Quoted: What? I dunno. Lots of us got homes 2011-2016 or so, then we refi in 2018 and again in 2020 and are sitting comfy. Golden handcuff? Sure, totally get that. But I can't afford to not live this lifestyle... it is cheaper for me to stay in CA then it is to move to most red states. View Quote I'm just glad I got the home I wanted to be in until the kids are out of the house before 2020 hit. Then the sweet 2% rates during 2020/21. I'm locked in an not going anywhere or refinancing anything. |
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Quoted: Reminds me of when Marines recognize the youngest Marine at the birthday ceremony. Current year minus 17-19 will always be their birthyear, yet the old folks always gasp with surprise lol. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Quoted: Quoted: Skill issues And psychological issues which are more important. Living in mommy's basement for 10-years warped them, before they got a real job and were able to move out. Millennials, having grown up with social media distractions, think differently and most of that ends up being bad/dubious/fail thinking. Very sad, because in 100 years historians looking back will be labeling them the second "Lost Generation." It's as if they remember millennials being teenagers when they first heard about them in the 1990s, and thus they will forever remain teenagers in their minds, or they might be allowed to get as old as 30. Reminds me of when Marines recognize the youngest Marine at the birthday ceremony. Current year minus 17-19 will always be their birthyear, yet the old folks always gasp with surprise lol. It's always a shock, even if you can mentally rationalize it. I was asked to promote a Marine Corporal to Sergeant a bit ago, and was relieved as I was looking over his paperwork and confirmed he'd at least been born before I enlisted.... but that was 8 years ago now, and wouldn't be so lucky if I were ever back in that kind of situation. Time keeps on slippin'. Get off of my lawn! |
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Quoted: 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. View Quote laughs in gen x that watch the market destroy his retirement savings twice while he was wearing diapers i was still trying to pay for. |
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Idiots will be idiots in every generation. My mom hasnt had a pot to piss in or any decent vehicle her whole life. She got pregnant with my brother at 17 and me 2 years later. My stepdad not a pot to piss in either. Both Gen X. I have brothers and a sister here in Alaska we have a little thing called the permanent fund dividend. That means $1200+ for every Alaskan it fluctuates with the price of fuel generally theres more when fuel prices go up. One year the governor of the state added an extra $2000 "resource refund" bonus to that. That means with 6 people my stepdad and mom collected around $20k for theirs and my brothers as well as my sister. Im sure this was all pissed away as again they have no home or have had nothing but beater with a heater type of cars.
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Meh. Yes the last 15 years have been rough, and some people have been hit harder than others. Some have done absolutely fantastic in that time. I'm middle of the road by my assessment, even though realistically I'm probably better off than others. The secret is I'm cheap as shit and only spend on what o absolutely need or absolutely want, not random shit.
I'm also taking a chance and about to take a significant pay cut for what I hope is better earning potential long term. Luckily my wife has received raises in the last 2 years that more than offset what I'm about to reduce my salary by. Biggest thing that concerns me js decrease in 401k |
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Quoted: 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. View Quote I think this is something being missed by many. It's not that no Millennials are successful or own the American dream. It's that fewer of them do than would be anticipated and wealth growth is behind the expected curve for the generation. Part of that has been being hit by several "black swan" events during early career and core earning years. These things have impacted the generation overall and have likely impacted the more successful of the generation as well as they would be better off without them. |
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Quoted: According to that, based on the article's premise - GenX has more to bitch about as far as weathering tough economic conditions. We entered the workforce in the mid/late 80's when comp was dropping for a decade to come. So we went through a period of dropping relative comp when starting out, plus survived the 2000 tech Bubble, the 2008 crash and whatever the fuck madness is happening now, when we're trying to sort out how we'll retire. View Quote View All Quotes View All Quotes Quoted: According to that, based on the article's premise - GenX has more to bitch about as far as weathering tough economic conditions. We entered the workforce in the mid/late 80's when comp was dropping for a decade to come. So we went through a period of dropping relative comp when starting out, plus survived the 2000 tech Bubble, the 2008 crash and whatever the fuck madness is happening now, when we're trying to sort out how we'll retire. Perhaps. I don't really want to fight about "who had it tougher," but I think the timing of 2008 crash hit those in the early '80s group the hardest because that was the group just coming out of college and looking to start a career and buy a house - and they already suffered from the less-severe tech bubble. (aside: the dot com burst definitely hit a different demographic with lower scope than the 2008 recession) Someone who worked from '95 to '05 got to work in a period of relatively higher economic prosperity than someone who worked from '05-'15. That chart cuts off, but there was another economic downturn around 2012. Even though both suffered working under the same conditions post-'05, the opportunity to build wealth leading up to that point makes all the difference. ETA: obviously there's overlap with someone born in the late '70s, or who entered the workforce earlier or later for whatever reason. Again, I'm not trying to make this a "we had it tougher" competition. Individual experiences vary wildly, anyway; plenty of people are successful (or less so) in spite of conditions. |
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Quoted: Perhaps. I don't really want to fight about "who had it tougher," but I think the timing of 2008 crash hit those in the early '80s group the hardest because that was the group just coming out of college and looking to start a career an buy a house - and they already suffered from the less-severe tech bubble. (aside: the dot com burst definitely hit a different demographic with lower scope than the 2008 recession) Someone who worked from '95 to '05 got to work in a period of relatively higher economic prosperity than someone who worked from '05-'15. That chart cuts off, but there was another economic downturn around 2012. Even though both suffered working under the same conditions post-'05, the opportunity to build wealth leading up to that point makes all the difference. View Quote The 2008 crash was a speedbump but I managed to find my current employer in 2008. |
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Quoted: Damn, that sucks. I've never had the experience of having a business crushed by the .gov, but I do understand the constant feeling of shit happening at the worst possible time, every time. But I hear that if I stop shoving avocado toast down my throat at every opportunity, suddenly I'll be rich and can afford anything beyond my wildest dreams. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Quoted: Same boat; "elder" that basically bankrupted due to a divorce, and started over. Life goes on. Yep. I'm doing better now...got a nicer job and I'm hitting my retirement accounts pretty hard, but even so, I'm still way behind on that. It is highly unlikely I'll ever be at the financial level I could have been, had I not gotten divorced. But as you said, life does go on. We should start a club. The best part is during a successful part of my financial recovery, I started a small business in late 2019 which the gov covid regs completely crushed...so that's fun Damn, that sucks. I've never had the experience of having a business crushed by the .gov, but I do understand the constant feeling of shit happening at the worst possible time, every time. But I hear that if I stop shoving avocado toast down my throat at every opportunity, suddenly I'll be rich and can afford anything beyond my wildest dreams. I blame the .gov but I didn't give up a-toast so maybe that was the real culprit lol |
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Quoted: It's always a shock, even if you can mentally rationalize it. I was asked to promote a Marine Corporal to Sergeant a bit ago, and was relieved as I was looking over his paperwork and confirmed he'd at least been born before I enlisted.... but that was 8 years ago now, and wouldn't be so lucky if I were ever back in that kind of situation. Time keeps on slippin'. Get off of my lawn! View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: Skill issues And psychological issues which are more important. Living in mommy's basement for 10-years warped them, before they got a real job and were able to move out. Millennials, having grown up with social media distractions, think differently and most of that ends up being bad/dubious/fail thinking. Very sad, because in 100 years historians looking back will be labeling them the second "Lost Generation." It's as if they remember millennials being teenagers when they first heard about them in the 1990s, and thus they will forever remain teenagers in their minds, or they might be allowed to get as old as 30. Reminds me of when Marines recognize the youngest Marine at the birthday ceremony. Current year minus 17-19 will always be their birthyear, yet the old folks always gasp with surprise lol. It's always a shock, even if you can mentally rationalize it. I was asked to promote a Marine Corporal to Sergeant a bit ago, and was relieved as I was looking over his paperwork and confirmed he'd at least been born before I enlisted.... but that was 8 years ago now, and wouldn't be so lucky if I were ever back in that kind of situation. Time keeps on slippin'. Get off of my lawn! That is true, the first time you hear of one that was born after your join date is definitely a bit of a shock |
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Quoted: I started working in 2006. Got a smoking deal on my first house in 2010 because of the 2008 crash. The 2008 crash was a speedbump but I managed to find my current employer in 2008. View Quote View All Quotes View All Quotes Quoted: Quoted: Perhaps. I don't really want to fight about "who had it tougher," but I think the timing of 2008 crash hit those in the early '80s group the hardest because that was the group just coming out of college and looking to start a career an buy a house - and they already suffered from the less-severe tech bubble. (aside: the dot com burst definitely hit a different demographic with lower scope than the 2008 recession) Someone who worked from '95 to '05 got to work in a period of relatively higher economic prosperity than someone who worked from '05-'15. That chart cuts off, but there was another economic downturn around 2012. Even though both suffered working under the same conditions post-'05, the opportunity to build wealth leading up to that point makes all the difference. The 2008 crash was a speedbump but I managed to find my current employer in 2008. I got out of the Army in 2009 and struggled to find gainful employment - in fairness this was due in large part to my trying to make a living in an economically poor area with few prospects. Things got better a few years later when I dumped the GF and moved. |
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Quoted: I got out of the Army in 2009 and struggled to find gainful employment - in fairness this was due in large part to my trying to make a living in an economically poor area with few prospects. Things got better a few years later when I dumped the GF and moved. View Quote |
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Quoted: Quoted: I still haven't used my giant gym parachute education either. I trap kids under mine all the time
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Quoted: Perhaps. I don't really want to fight about "who had it tougher," but I think the timing of 2008 crash hit those in the early '80s group the hardest because that was the group just coming out of college and looking to start a career an buy a house - and they already suffered from the less-severe tech bubble. (aside: the dot com burst definitely hit a different demographic with lower scope than the 2008 recession) Someone who worked from '95 to '05 got to work in a period of relatively higher economic prosperity than someone who worked from '05-'15. That chart cuts off, but there was another economic downturn around 2012. Even though both suffered working under the same conditions post-'05, the opportunity to build wealth leading up to that point makes all the difference. ETA: obviously there's overlap with someone born in the late '70s, or who entered the workforce earlier or later for whatever reason. Again, I'm not trying to make this a "we had it tougher" competition. Individual experiences vary wildly, anyway; plenty of people are successful (or less so) in spite of conditions. View Quote Born early 80’s here - and bought first house which was a dump at 21yrs old because I didn’t go to college, had a decent paying job, saved and managed money well - and used my wife who was my girlfriend back then (22years now) to help pay half the mortgage. 2008-2009 was really rough!! We had literally just had our first child, and upgraded to a new house with a mortgage that was double. Then - took a 20% pay cut, sold our new cars to save, and bought/drove paid off older rigs. Not sure how we got through it, but we did. Stayed working at the same company for 20 years, which now I own. The 2008 house was sold and rolled into a brand new home that we turned into a rental. I just looked at my statement and I’m going to pay it off in the next few days and surprise the wife for Christmas. Have a few other properties. 1 paid off vacation home, 1 loan on a vacation rental, and then our primary which is 75% equity at the 3% so not paying that off anytime soon. And haven’t done an auto loan in years. (Including the 911) It’s been a shit show, and now I owe the previous owner of our company close to 1 MIL. And the economy tanked again, and I went from working 5hr days for the past 3 years, to now scrambling to gather as much business as possible. Sleeping pills have been helping me get some rest! Grind when you need to grind, and relax when you have the opportunity! |
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A lot of people loved playing the covid games. They didn't realize they didn't win.
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Quoted: If you got to it too late you had to see which pages your mom had earmarked mid-wank. View Quote View All Quotes View All Quotes Quoted: Quoted: That thing coming in the mail and swiping it before anyone else saw it was like pulling off the most satisfying crime of the century. If you got to it too late you had to see which pages your mom had earmarked mid-wank. |
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I'm doing okay, thanks for asking. Homeowner. Full time job, etc.
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Quoted: So basically they were not taught to manage money. View Quote No but they were taught to calculate the area of a triangle and that mitochondria is the powerhouse of the cell. The biggest lie and problem parents and millennials were told was that a college degree was essential to success to get a “ good job” it could be in underwater basket weaving for all employers cared. Public education failed by pushing college for all and student debt was normal. |
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Quoted: We are the last generation to remember masturbating without a smart phone. View Quote View All Quotes View All Quotes Quoted: Quoted: We are the last generation that can occupy themselves when the power goes out. Board games died with us We are the last generation to remember masturbating without a smart phone. I've never thought about that but damn if it isn't true. |
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Quoted: I always knew Millenials were responsible for Covid. I just couldn't prove it until now View Quote View All Quotes View All Quotes Quoted: Quoted: Millenials sure picked up that ball and ran with it, didn’t they? Screwed themselves in the process. I always knew Millenials were responsible for Covid. I just couldn't prove it until now I mean, the "m" is right there! |
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Quoted: That is true, the first time you hear of one that was born after your join date is definitely a bit of a shock View Quote I was in a college class and the professor asked for people who remembered 9/11 My best friend is in a USMC recruiting command and at our age the kids they are getting in will be post 2000 birthdates and post 9/11 at that. We both went to Iraq and were there at the same time. I was in Baghdad in the Army and he was in Ramadi in the Marines. While I was at Starbucks tonight there was a Navy recruiter there meeting with a kid and his parents. I was waiting for my mobile order and kind of listening in. I remember getting the same type of pep talk from my recruiter but I honestly made it pretty simple on them. I just wanted a technical job and a faster ship date |
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With iPhones, new vehicles, and avocado toast it’s not whether you partake, it’s a question of mean time between purchases that matters. But you guys already know that.
I can’t imagine being 40 and still bitching about my lot in life. |
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Anyone that is successful has VERY little use for whiners of Gen X, Millenials etc. that define themselves as such and cry about Boomers, etc.
Get off your ass, go to work, don't overspend. Pretty simple really. |
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