Author Topic: The "Hopeless" Millenials  (Read 16862 times)


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Re: The "Hopeless" Millenials
« Reply #10 on: January 24, 2018, 05:44:40 AM »
"And the Jeff Sessions generation canít die out fast enough."

Wow! You really sound like a Nazi and not a Libertarian. Shame on you!


A joke in bad taste.  Many of the ideas and attitudes of that generation can't go away fast enough though.


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Re: The "Hopeless" Millenials
« Reply #11 on: January 24, 2018, 07:37:04 AM »
The boomer generation owes its prosperity to the long-running peace that we have had, following the devastation of WWII. It kicked off the baby boom, kicked off massive infrastructure rebuilding, and allowed everyone to compound their gains for 70+ years. Ideally, it's not something that will be repeated anytime soon.

Traditionally, employment around the world has been that you made your own. The idea of always working for an employer, and very few employers over your entire working life, is largely a post WWII thing. If you have an essentially 'endless' market, and labor is in short supply, you need a cheap way of attracting & retaining large numbers of people. Those who didn't swallow the cool aid, made their fortunes as contractors - lower down the social spectrum. Rich ones!

All else equal, today's generation isn't going to do as well or better than those who went before; conditions have changed. Today its the guy who can think like a taxi driver who has the advantage - the anti fragility of reliance on a wide range of constant little jobs, versus the single 'golden acorn'. The traditional way of doing things - of multiple jobs, and 'side hustles' at the same time.

For the most part, millenials have worked it out - & the younger they are, the better they generally are at it. Saving money and independence, questioning the value of 'degree versus apprenticeship' at the individual level, questioning the why its this way, using tech to do what their elders couldn't, holistic versus the 'rape and pillage' approach to doing business. The list is endless.

The millenials are collectively far from dumb - they also aren't going to be reinventing the world by themselves. There will be transition issues, but there's nothing to worry about. It just isn't going to be the world that you had perhaps imagined.




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Re: The "Hopeless" Millenials
« Reply #12 on: January 25, 2018, 02:15:02 AM »
I have one main issue with the topic. I believe it is not efficient to generalize through generations. My view is based on the opinion that the main growth driver of society is technology.

The standard of living has increased extremely mainly because of it, not because one generation is more adept than another. Education can be a growth driver, but I feel that this is really not the case due to human biases that are omnipresent in each generation and thus still tarnish the education system of the wider society. Critical thinking is a tool that is hard to attain but even harder to teach as independence, which is one of the key prerequisites, is scarce.

Just look at the state of the politics in the world which is really the clearest example of how people do not progress. People fall for the same lies again and again. They also tend to forget and thus I hope that the sheer volume of trade that is now out there is going to prevent another war (perhaps with Mr. Trump the trade might get weaker).

This is not to say that different generations live under different conditions that could to an extent define them, but I believe that the fundamentals are the same i.e. Gen X and Millenials are still ignorant in the same topics. Technology also amplifies their biases rather than to alter them.

Thus I believe it is more beneficial to talk about fundamentals of human behavior or individual aspects (savings, education etc.) rather than to try to generalize through generations. 
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Re: The "Hopeless" Millenials
« Reply #13 on: January 25, 2018, 08:42:42 AM »
Hey all:

Perhaps I am in the wrong location OR running with the wrong crowd, or some combination of the two...but I absolutely DO NOT think that the next generation will automatically have a better standard of living than the prior one.

I hope I'm eventually proven wrong, VERY WRONG...but I don't see it as a given that the upcoming generation(s) will do better than the prior.

These were the same concerns that Archie Bunker's son-in-law, played by Rob Reiner, used to say about his generation...they were the Boomers, who had the highest standard of living in generations.

These were also the same concerns of my group, Generation X.  We were the dark, moody, lost generation that would never enjoy full employment like the Boomers, or the opportunities of Generation Y as the Boomers retired.  Well, many of us became entrepreneurs and are ultimately responsible for the prosperity and wealth driving the economy today.

These are the concerns of every generation, and so far, barring any catastrophe or large-scale war, this will continue.  Cheers!

I've got to vehemently disagree with you....the situation in AMERICA has radically changed regarding standard of living vs. prior generations.

Every generation has it's struggles & problems, of course.

What has changed is that this current generation is being forced to gamble their future with their education.

In the past, education did not cost so much.  Thus, if you got a defective education, it was not a life ruining event.  You took your lumps and moved on. 

How do you "move on" when you have a $200k+ student loan?  You can't discharge it in bankruptcy.  What if you can't get a job in the field for which you studied?  What if you CAN get a job in your field, but you make $20/hour with NO benefits?  You are never able to pay off the loans!

The government has set up "Income Based Repayment", or IBR for short.  Make 20/25 years of payments based off your income, then the debt is discharged...BUT then you've got a tax bill on the discharged debt, so then you have to go bankrupt.

After bankruptcy in your mid to late forties/early 50's you can then get on with life and start saving for retirement and think about getting married/starting a family.

I know, as I worked with numerous people like this. 

So that is what is different...youngsters are gambling their future away getting a college education.


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Re: The "Hopeless" Millenials
« Reply #14 on: January 25, 2018, 08:49:42 AM »
I'm a hopeful millennial.

But how come we don't ever blame the parents? Why are their kids attending such expensive colleges? Why are their kids are not working/interning during the school year or summers? Why are they so unprepared for the real world? Why are they so bad at finances? 

« Last Edit: January 25, 2018, 10:20:35 AM by fareastwarriors »


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Re: The "Hopeless" Millenials
« Reply #15 on: January 25, 2018, 10:00:06 AM »
I barely qualify as a millennial, my wife is and my younger brothers and wives are too.

My mom sometimes talks about the hopeless and worthless millennials who don't work hard.  I point out that it's her kids and she says "not you guy, but others.." then I point out friends of ours who are doing well and it's always "not them either, other ones.."

It's just a stereotype that's hard to pin down on actual people.

As my dad pointed out over the holidays to my mom his parents' generation thought the exact same thing about baby boomers and now suddenly baby boomers are responsible and 'better'.

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Re: The "Hopeless" Millenials
« Reply #16 on: January 25, 2018, 10:18:54 AM »
I'm a hopeful millennial.

How come we don't ever blame the parents? Why are their kids attending such expensive colleges? Why are their kids are not working/interning during the school year or summers? Why are they so unprepared for the real world? Why are they so bad at finances?

I think you're right.

I have 2 cousins (siblings) and they both are in one way or another still dependent on my uncle for financial support. One is single and the other is married with 4 kids. Even my cousins husband is somewhat dependent on my uncle. We're talking help with rent, car payments and the 2-3 vacations they take each and every year is 100% paid for by my uncle.

They were in no way taught how to prepare for life after high school. (Both also have university degrees and I'm fairly certain no student loan was taken out by either of them)
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John Hjorth

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Re: The "Hopeless" Millenials
« Reply #17 on: January 25, 2018, 12:17:49 PM »

whut, Whut, WHUT? ???

If you are looking at getting a "yacht"....I would think that is a very easy purchase...

You simply write a check and that is all.

Financing?  WTF???  If you need financing for a "yacht", you don't need a yacht!...

Replace the word "yacht" with what ever you want! - Pun intended!

We should all do like this. It's never too late.


and like this.
« Last Edit: January 25, 2018, 12:57:09 PM by John Hjorth »
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Re: The "Hopeless" Millenials
« Reply #18 on: February 25, 2018, 07:15:28 PM »
Each generation has it strengths and weaknesses, but I agree itís unfair to generalize too much.

Iím at the gen X/Y border, and thereís a lot of wisdom I feel my generation has yet to grasp (and thereís a lot that irritates me about 20 and 30 somethings) But for intelligence and morals, thereís no comparison, and  current and future young people will continue to improve in these regards.

I also think Boomers are in no position to criticize.  They had it all (peace, prosperity, cheap prices, freedom,etc.) and squandered it.  Yes we got rock and roll but we also got a broken political system and debt that looks like a runaway train.  (Not to mention most of them will eventually need their kidsí help paying bills.)

Future generations will live better in many ways, but overall it may depend on societyís ability to put off the debt comeuppance. 


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Re: The "Hopeless" Millenials
« Reply #19 on: February 28, 2018, 04:31:25 PM »
I think it's hard to generalize about any group of people as large as a whole generation.

I think any commentary says more about how older people perceive younger people and vice versa than about the groups of people themselves.
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