Young Generations Are Now Poorer Than Their Parents And It's Changing Our Economies
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Published 2022-06-16
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All Comments (21)
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We don't blame Boomers for their wealth. We blame Boomers for not thinking about generations after them.
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I stayed in school, I said no to drugs, did extra curriculars, and WENT TO COLLEGE, and after all that I live in a dusty attic in a house full of roudy strangers I met on Facebook. Suffice to say I feel really cheated by life.
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I don’t blame them for taking advantage of the great conditions they grew up in. I DO blame them for pulling up the ladder once they reached the top then calling younger generations lazy for not making it to the top just like them.
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They used to be able to learn on the job, now you need a college degree. It makes me mad thinking about it. They brainwashed a whole generation into believing they need a degree to make good money, now plumbers and electricians are outearning college grads
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It makes me so angry and bitter that I had been told all my life that if I go to school, study hard enough and develop a strong work ethic that everything will be alright and I'll be able to afford a home just like my parents.
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My father used to tell me that I have no idea how hard the economy is. He constantly talks about how poor he is, without grasping that he makes well over 6 figures a years, constantly vacations and goes out to dinner. My ma and her husband talk about being tight on money, but they own 4 expensive cars, a fancy motorcycle, and a giant house. It's the same thing with my girlfriend's mother. The all are living so comfortably but feel convinced that they have it rough for some reason. Blows my mind.
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You can’t even get the dishonest elders to concede they had an easier go of things. That would upset their false image of being a rugged self made genius!
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There is another problem with the idea of wealth inheritance. My boomer father recently died and donated all his wealth to the political parties which gave his generations every financial advantage. The children, grandchildren, and great-grandchildren whose future he stole received nothing.
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The problem with politicians is that most of them are 55-80 yr old guys who don't have the same issues as we do.
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Being in Gen X/Z is like being handed the bill to a party you didn't get to attend.
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The fact that a basic human necessarily is treated as an "investment" will never not digust me.
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They cut the saplings down for firewood.
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Boomers: "Woah look at all the trees my ancestors left me! Who wants to buy lumber?!" So you're going to plant new ones? Boomers: "No, no handouts. Grow your own trees like I did."
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The worst part is the entitled boomer who ice skated through life, then says that they aren't saving anything for after they're dead because "they want you to make your own way", even when their own parents died and left them everything.
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Just don't lump us in with them. We were the 1st generation to do worse than our parents, even though the younger ones have it even worse. - Love, Gen X
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You gotta admire a ruling class that has us pick fights with one another - on many issues - so we don't notice that for the last 40 years they have been stealing income and wealth from everyone else, old and young.
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When my mom tried to tell me how hard she had it with her first job. She made 900 dollars a month. Equal to about 4500 a month today.
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My grandfather worked on the line at Ford for 40 years. Had 5 kids, a paid off house, 40 acres of farm land, farm equipment, vacations, cars, modern technology in the house (for the time), and healthcare. All that as well as a giant amount of money sitting in his bank account and a stay at home wife who generated no income…….Try that today working at a factory…….
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Many of us here under age 50 have more education and “skills” and “experience” than the prior Gens, but they had an easier time working the same hours and acquiring the same basic things.
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What irritates me the most about them is they refuse to retire . Like no one can get the jobs unless they give them up but they are so programmed to work . And so many of them force you to move at their pace and so many of them are out dated with their mentalities . It’s time for them to retire . Should be no reason to be 80 and still forcing yourself to work just to say you worked at a job 50 years .
