Many are looking for their 1st job that can sustain them and have any sense of security/sustainability
Gaslighting the Millennials
- Thread starter RedMyMind
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Well we've got a president now that isn't a boomer, so he should sort that stuff out, right?
Explain how it has been bought and paid for? How is the system rigged? Are you suggesting socialism is the way to go?
We had an election in 2020.
We had 6 million open jobs for millennials prior to Covid.
What's their excuse.
They voted for it.
Brilliant post..lol
This started under Carter, say what you want. Increased government spending, oil embargo when we were not energy independent and then wages tried to keep up. Th feds started raising rates in the late 70's under Carter. He was in office from 77-81 and the problems persisted well after he left.
We should be taking notes as we print money and give it away like it is candy. Eventually it has to catch up to us.
Let's say you're right and it's a completely rigged system. You can still have a damn good life on this "rigged system".
You don't want to go the route of identity politics or tribalism. It's a dangerous path. Those at the top of the hierarchy will eventually win. And that's not good for all. It leads to malevolence and social conditions that we should have learned from last decade.
Yeah I don't like deficit spending either, and I already said that I considered Carter a poor president. I just prefer to look at actual numbers rather than the letter behind someone's name.
It's not that simple. Lots of problems. One of them is wanting everything now.
I think it's roughly 35% of millennials lease vehicles now. How stupid to always have a car payment? I do blame their parents some for not teaching their kids basic financial literacy.
It's pretty simple, boomers fell asleep at the wheel and let all these crazy regulations drive up the price of everything. Who invented the leasing of vehicles?
"Graduating in the worst economy since the great depression" AKA entering the workforce when assets are at rock bottom prices. Had you played your cards right you would look back and say it was a blessing.
Sorry, my response was meant for jean1515.
But to address your post: Haha, I just bought a used 2005 Mazda for $3,000 in late 2019 and it runs great for me. I can afford to buy a new vehicle & leasing was available to me as well, but I refuse to play the stupid lease game & buy used. Other millennials can do the same. It's not hard.
a lot of ones can't buy cars and homes outright due to the poor job market and being on the ropes if their jobs became vacated. Tying healthcare to employment is another pitfall.
A good majority of people are working poor who buy things to convince others that they aren't poor. No one wants to be seen as poor, so they put on a façade to conform. Sad
Mostly for those who make poor life choices. If that's happening more often then you'd be correct.
Or following poor advice from society and parents. i.e. Student Loans. Led them right into indentured servitude while we bail out banks who knew the risks they were playing with and didn't mind while screwing over countless people. Socialism for me, but not for thee.
No duh. Buy an older used vehicle. Finance it for a short period of time (less than 12 months) if you have to. Leasing a vehicle isn't the solution. It will most likely make your situation worse.
Who's talking about buying a home outright? Why would you even want to with interest rates so low right now?
Taking out a mortgage on a home is a risky venture given the circumstances so they end up renting forever. Poor folks pay more in the long run but that is all they can afford with the uncertainty or unavailability of quality jobs.
Pretty sure I mentioned parents are partly to blame for this mess since they didn't teach their kids basic financial literacy.
Yes, bailouts were bad too. Not sure anyone here is advocating for bank bailouts.
schools didn't help either. They barely teach ****. And guidance councilors are glorified college recruiters.
I don't like the idea of erasing school loans but those kids are ******. It will ripple forwards. Perpetual low wage earners are easier to be used as slave labor.
Depends what size home you're wanting to buy & how much you're paying in rent.
I'm not quite understanding why you think poor people will stay poor forever if they're not making poor life choice?
Student Loan debt just doesn't go away. Good paying jobs are in the minority. Earning power is greatly reduced compared to previous generations. For many, playing all their cards results in barely living. That doesn't cover the anxiety of any unforeseen situations. Everything that is needed to live costs way too much. What good is our healthcare system if it is too expensive to even use it?
Yeah universities took advantage of those student loans too & not caring about the students as much as they probably should have.
No one is being used as slave labor. Stop being dramatic.
It pays about the same. The United States is the richest nation in the history of the world, yet treats its citizens like crap.
The American Dream is dead and buried. America only exists as a relic in memoriam.
The drug war the United States started and continues is an abomination.
Democrats aren't liberal, and Republicans aren't about civil liberty or religious values.
Yeah I don't like deficit spending either, and I already said that I considered Carter a poor president. I just prefer to look at actual numbers rather than the letter behind someone's name.
There were multiple things going on at that time as I alluded to. Deficit spending was only one of them. It sounds like we both are against deficit spending, some would say it is a good thing to do. Pelosi says we will recoup $1.25 for each $1.00 spent..of course that is printed/borrowed money. How is that even possible. If it really worked that way, I just say print $3 trillion! My bride and I were talking about the stimulus checks. Again, Peloilsi says it's much better to provide checks to people from the government rather than a tax cut. So tell, what's the difference? It still has to be paid back, money is money. A lot I don't understand.
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