Why millennials are facing the scariest financial future of any generation since the Great Depression.

[littlemissmartypants]

Why millennials are facing the scariest financial future of any generation since the Great Depression.

By Michael Hobbes

Like everyone in my generation, I am finding it increasingly difficult not to be scared about the future and angry about the past.

I am 35 years old—the oldest millennial, the first millennial—and for a decade now, I’ve been waiting for adulthood to kick in. My rent consumes nearly half my income, I haven’t had a steady job since Pluto was a planet and my savings are dwindling faster than the ice caps the baby boomers melted.

We’ve all heard the statistics. More millennials live with their parents than with roommates. We are delaying partner-marrying and house-buying and kid-having for longer than any previous generation. And, according to The Olds, our problems are all our fault: We got the wrong degree. We spend money we don’t have on things we don’t need. We still haven’t learned to code. We killed cereal and department stores and golf and napkins and lunch. Mention “millennial” to anyone over 40 and the word “entitlement” will come back at you within seconds, our own intergenerational game of Marco Polo.

This is what it feels like to be young now. Not only are we screwed, but we have to listen to lectures about our laziness and our participation trophies from the people who screwed us.
Snip...much, much more...
https://highline.huffingtonpost.com/articles/en/poor-millennials/

[Blues Heron]

1. I think this was written in 2017

Scary how much worse things have gotten. This is from before COVID, Trump, J6 etc.

[Vogon_Glory]

2. And all too many Millennials voted for Donald John

and his Republican yes-men and yes-women. As an aging Baby-Boomer, I was shocked. I thought that after eight years of Dubya and four of Donald John Part One, I thought the young’ uns knew better.

The Millenials turned out to vote for Donald John in greater proportion than we aged Baby-Boomer has-beens did. Boy, was I surprised!

[Dawson Leery]

4. Same here.

They shifted right after backing Obama.

[Zorro]

3. Excellent article

The graphics are a bit annoying to me, though.

[Skittles]

5. it fucking sucks what has been done to young folk

yeah I felt some of it as a boomer - like, chronic job insecurity when offshoring became a thing.....but at least I had some time to get some savings in

[quaint]

6. "Boomers" have not melted the ice caps.

I read Silent Spring in 1963 and have been a loud, active, environmentalist ever since.

Why are we blamed for all the problems of the world? My parents (b.1919 and b.1921) were pro-Vietnam war, pro-plastic, pro-nuclear, pro-insecticide and other things most people that I knew in my generation were against.

Geez. We are getting old. Can't the bashing wait a few more years?

I have three twenty-something grandkids and I do appreciate the struggles the world has for them, but even they realize we tried.