Most of us millennials are not as lucky. Since we entered the workforce, we had to deal with one calamity after another. There was the financial crisis, outsourcing, the onslaught of H1B visas, and now to top it all this pandemic. Now add to that the student debt and skyrocketing home prices, and I think you can understand why I wish I was born a few decades earlier.
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of course they don't know the past struggles...they're trying to cancel it and pretend it never happened.
Welcome to the rat race, but I do understand your perspective. The realization of life is starting to sink in for you. You'll make it to retirement and you'll be as ready as all the people who are currently eligible for vbo today. Good luck!
Fair points all the way down. Every generation deals with similar issues. Don’t get discouraged. House prices and the scam called student loans are especially horrible. Older generations may have seen more but none of them seem to be wiser for it. Find a trustworthy person and don’t let them go.
This post is a joke, right? This has to be a joke.
Wow, I'm a millennial and can't believe how self entitled you are..
I hate to break it to you, but your generation is not unique. Every single generation has had serious struggles and hurdles that they always think are worse than before. If you think the 80s 90s and early 2000s were some sort of a cake walk, you need to open some history books. And I’m not even in the early retirement category yet. Remember this- in 20 to 30 years you will have a younger generation pushing you out of a job and looking at you like you had it easy and expecting you to just shut up and leave. Just stop the whining and get over yourself.
Oh, don't be envious, you will be here sooner than you think and when you do arrive, you'll wish you could give it all back for your youth.
I believe in the early to mid 80s mortgages were between 12% to 18%! Crazy!!!
Yes. Crash of 87, dotcom bubble of 2001, crash of 2008 wiping out home values and 401k balances, the onset of offshoring our jobs to India then Ireland now China.
We had student debt and if we could save for a home, mortgage rates over 8%. Over the last 10 years, there is no yield on savings or safe investments.
Everyone has it hard when they start, what we didn’t have was entitlement and self loathing
It wasn't a whole lot different 'back in the day' you know. The job market was flooded with H1B visa folks from India, China and Russia (on a more-or-less rotating basis, based on where the cheapest labor was available at the moment), houses were still wicked expensive relative to salaries, and folks carried debt like student loans and/or credit cards and or car loans and/or mortgages. Having lived through plenty of years before millennials were even a thing, I can tell you that it wasn't any better back then; it just looks that way when you are on your first or second pass through these cycles.