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Message
re: Will the millennials be a lost generation?
Posted on 8/5/15 at 9:55 am to GetCocky11
Posted on 8/5/15 at 9:55 am to GetCocky11
quote:
I know it is an anecdotal counterargument, but I've rarely met someone who shares this mindset in the millennial generation.
Well, I've been getting 10-15 of them every semester for the past 5 years so I'm not just pulling that out of my arse.
0
Posted on 8/5/15 at 9:55 am to CadesCove
quote:
If millennials had a work ethic and some loyalty, they would be as good a generation as this country has ever produced. So much potential, so much disappointment. Maybe they will grow into it if they try to adapt to the real world.
The millenials I deal with in real estate are normally quite grounded -- more so than the boomers. They are more likely to have a significant down payment and less likely to overextend themselves. They value community, family and friends more than keeping up with the Joneses. That's understandable. They are an extremely social generation and have seen the market tank in a way not seen since the great depression. They have a very legitimate fear of losing everything, so they choose to wait rather than leverage.
Posted on 8/5/15 at 9:58 am to Darth_Vader
quote:
When many of us entered the workforce there was a nasty recession going on. Nobody handed us anything nor did we feel entitled to anything. We faced problems and struggles like all generations do when they are just getting started. My first job when I came off active duty paid a whopping $5.50 and I was damn glad to have it. I never stopped to blame any of my problems on anyone, much less an entire generation, that came before me. I just went to work, made do with what I had, and now over 20 years later I'm living a damn good life where I can afford to give me and my family a good comfortable life where we have and do most of what we want. It took time and sacrifice of going without things, but I did it.
Perhaps instead of sitting around feeling sorry for yourselves and blaming everyone else for all the problems y'all face you should understand that life's not fair, nobody owes you shite or is going to give you shite, and nobody is going to solve your problems for you. Go find whatever job you can, live within the means that that job affords you. And from that starting point, you advance and grow. It's going to take time, years in fact. But if you work hard, save whatever you can, and live within your means, then later on down the road you can look back and see that you've made something out of yourself. It's up to you to do it, nobody is going to do it for you. And blaming everyone else for your problems is certainly not going to do a damn bit of good.
Once again, I know you're smarter than this. The world you came into when you got off active duty (I'm guessing in the 90s?) is a lot different than the world people are going into today.
All you do is call us lazy, entitled, etc. when I see people my age working their asses off just like you did and getting nowhere.
Posted on 8/5/15 at 9:58 am to jvilletiger25
quote:How many times have you heard, "XX% of the workforce will retire in 5 years?"
I'm a millennial in my early 30s. I've been working in my field for nearly 10 years now. I think I've more than paid my dues, but there is nowhere to go right now because I keep getting passed over by people with more experience. Experience doesn't mean crap to me. Just because someone has 25-30 years of experience, doesn't mean they are better at their job than I am.
It gets repeated with the same statistic and 5year outlook every year, but I'm still waiting for that to happen.
Posted on 8/5/15 at 9:58 am to Darth_Vader
quote:
When many of us entered the workforce there was a nasty recession going on
Oh that's crazy, so did millennials.
quote:
Nobody handed us anything nor did we feel entitled to anything. We faced problems and struggles like all generations do when they are just getting started.
Love how this is just the go to trash talk about millennials yet it is something that can't necessarily be quantified. Just a generalized stereotype.
quote:
My first job when I came off active duty paid a whopping $5.50 and I was damn glad to have it.
And mine, 15-20 years later, was a whopping $7.25. Take inflation into account and your point is moot.
quote:
I never stopped to blame any of my problems on anyone, much less an entire generation, that came before me.
Instead you blame the current generation which has barely been in the job market 10 years tops.
Posted on 8/5/15 at 10:02 am to jvilletiger25
Just because someone has 25-30 years of experience, doesn't mean they are better at their job than I am.
I heard a great quote at a conference recently on this and it basically was saying all these 25 years of experience are basically 25 times of one year of experience since industry is changing so much
I heard a great quote at a conference recently on this and it basically was saying all these 25 years of experience are basically 25 times of one year of experience since industry is changing so much
Posted on 8/5/15 at 10:04 am to Darth_Vader
So you're saying I shouldn't have my ford raptor AND f250?
frick that.
frick that.
Posted on 8/5/15 at 10:04 am to GetCocky11
quote:
High student debt due to record high tuition << this is a problem but $100K should not be the end of the world over the course of a person's lifetime earnings. The issue is in the short-term when a recent grad has 100k and makes $40k...those numbers are scary until incomes rise.
Low home ownership >> this is not necessarily a bad thing. Home ownership =/= prosperity.
High youth unemployment >> definite issue. US has to train our populous differently than in the past.
Wage growth is stagnant >> Inflation eats into wages, so this is a longer term issue. In the short-term, this is overblown.
Many new jobs being created are low quality >> eh, on the contrary, jobs require skills now rather than being unskilled labor.
Will be on the hook for the upcoming retirement crisis >> I do not know a single millennial that actually expects to receive SS. We look at it as an additional 7.65% off the paycheck that we will never see again. I expect to fund my parents retirement and catch the short end of the stick. Yes, it sucks but I think millennials are already wired to think this way.
Is this generation truly screwed? << For those who do not learn a skill, then yes. I think unskilled labor will continue to decrease. For people who train themselves in areas like computer science, the world is their oyster.
Posted on 8/5/15 at 10:05 am to jvilletiger25
If your LinkedIn work history predates 1994 and you don't have a beach house on 30A, why would I hire you?
Posted on 8/5/15 at 10:05 am to CadesCove
Oh shut up
Posted on 8/5/15 at 10:07 am to GetCocky11
quote:
Once again, I know you're smarter than this. The world you came into when you got off active duty (I'm guessing in the 90s?) is a lot different than the world people are going into today.
It was the early 90's and the economy was in a deep recession. People were getting laid off and there were few jobs to be had. That's why I jumped at $5.50 an hour. It was one of the best decisions I ever made because it started my career to where now I make more in a month than I did in 6 months at that time.
quote:
All you do is call us lazy, entitled, etc. when I see people my age working their asses off just like you did and getting nowhere.
Patience. It takes patience. It takes years to advance and go from entry level to a more comfortable level. I remember struggling for years at first $5.50 and hour, then I'd get a raise for like 25 cents or 50 cents. One raise I got was for a whopping dime an hour. I'd take night shifts because they paid and extra .50 cents an hour "night pay". But I put in my years and my last hourly position with my company about 10 years ago paid me $22.50 per hour if I remember correctly. Yeah at times it felt like I was going nowhere, especially early on when I was making less than $10 an hour and getting shitty 10 cent raises and such. But I was patient, paid my dues, put in my time and now I'm in my mid 40's and have a realistic shot at being able to retire by the time I'm in my mid 50's. It's not been easy but it's been worth it.
This post was edited on 8/5/15 at 10:10 am
Posted on 8/5/15 at 10:10 am to LucasP
quote:
"y'all are lazy"
Ted Cruz says to work harder!
Posted on 8/5/15 at 10:12 am to Darth_Vader
quote:
It was the early 90's and the economy was in a deep recession. People were getting laid off and there were few jobs to be had. That's why I jumped at $5.50 an hour. It was one of the best decisions I ever made because it started my career to where now I make in a month than I did in 6 months at that time.
I'm talking about other circumstances, not the recession. Even with the recession (which was worse in 2008), the recovery you experienced was way more robust than the one we are experiencing today.
Posted on 8/5/15 at 10:23 am to Darth_Vader
Just because some people show their contempt for the generation that fricked up the economy doesn't mean they're "sitting around feeling sorry for themselves." Adjusted for inflation, my internship pays about 25% more than your first job and I have a few connections to good opportunities when I graduate. I'll be fine.
That doesn't mean my generation wasn't dealt a shittier hand than yours. The stats show that we absolutely were.
That doesn't mean my generation wasn't dealt a shittier hand than yours. The stats show that we absolutely were.
Posted on 8/5/15 at 10:25 am to GreatLakesTiger24
quote:
That doesn't mean my generation wasn't dealt a shittier hand than yours. The stats show that we absolutely were.
You should thank the Lord you weren't dealt the hand I was given.
Posted on 8/5/15 at 10:25 am to CunningLinguist
quote:i am so ready for this.
When all of the baby boomers finish dying off....
Posted on 8/5/15 at 10:27 am to Darth_Vader
quote:
You should thank the Lord you weren't dealt the hand I was given.
If you mean personally, we aren't talking about personal circumstances in this thread.
If you mean as a whole generation, then you are just flat out wrong.
Posted on 8/5/15 at 10:30 am to constant cough
quote:
Sorry but Obama is not a baby boomer, saying so is absurd.
Baby boomers are people born during the demographic post–World War II baby boom between the years 1946 and 1964. Wasn't he born in '61?
Posted on 8/5/15 at 10:30 am to Darth_Vader
Didn't you say you had a full ride scholarship to a school in AL? Economically, you had the same hand (if that's the case).
And this isn't about personal experiences.
And this isn't about personal experiences.
Posted on 8/5/15 at 10:31 am to Darth_Vader
quote:
Darth_Vader
quote:
You should thank the Lord you weren't dealt the hand I was given.
You fail to separate your personal experience from a discussion on GENERATIONS.
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