Discontent Towards Boomers

[sangheilios]

It’s not just inflation, our jobs aren’t as stable and take more time and money to get in to. Yes, we can make 100k, but that took student loan debt, 5 plus years of schooling, and etc. Politics aside, the boomers benefited from more government than my generation. The only thing I ever remember receiving from the government was the Covid stimulus check.

That's the thing, a lot of people are spending a ton of money just getting a degree in the first place. Unless you are in some high paying STEM field, most people aren't making all that much right out of college. The biggest issue, at least from my perspective, is that many of the decent paying jobs are going to be in metros that can be quite expensive to live in. It's not unusual to be paying $1500+ for some mediocre apartment at best in a metro where you are making an average income. Most people are not making all that much money in their careers, let alone when they are just getting out of college.

I actually saw this interesting article here that rhymed with a lot of what I've felt recently.

Many Gen Zers have a full-time job and a side hustle, partly because they’re wary of getting burned by their employers: ‘They’ve seen it happen to their parents, to millennials’ (yahoo.com)

It's not impossible, it's just that you really need to be on point with your decisions in life in order to build wealth and do well for yourself. It honestly doesn't take all that much to set yourself back severely if you make some poor choices. My best advice to young(er) people that are single with no kids is to take chances and make some bold moves while they aren't shackled with more serious obligations, such as family, etc. If you take some risks when you are in your 20s or early 30s it's not really that big of a deal, as you have plenty of time to try out something else. However, this becomes an issue when you start getting older and is no longer a luxury.

 

[CAPSLOCK BANDIT]

https://www.thestreet.com/personal-finance/average-income-in-us-14852178#:~:text=Different%20people%20with%20different%20factors,%24958%20or%20%2449%2C816%20per%20year

.

The median weekly earnings for men in 2022 was $1,154 or $60,008 per year. The weekly median earnings for women was $958 or $49,816 per year.

 

[LTG71]

Millennials have a more tolerant view of socialism because boomer’s version of capitalism has failed millennials. Pro-capitalists need to make capitalism work for the masses rather than the few.

Socialism sounds like utopia to the young. Talk to someone who has lived it. I have a Cuban friend that can tell you horror stories of socialism. He says it is the number one reason Cubans have been trying to flee the country for decades. His father still lives there and it takes months not days to see a doctor. It’s “free” but you might die by the time you get an appointment.

These dinosaurs in the House and Senate are greedy and don’t want to give up their riches. Nor do they want new comers coming in and messing up their game. They don’t care about the state of the union, they care about their deals and perks. You wanna get rich, just copy the investments of Nancy Pelosi. Mitch McConnel is worth 34 Million yet still feels the need to stay? He needs to be put in a home. When you want to see who is screwing us, this Is the place you need to look. Your Boomer grandma that has no clue what Uber is or where her photos are on her computer does not have that much power. The average citizen has very little influence over the outcome compared to our beloved government. I didn’t care that much about politics when I was younger but now that I’m getting older and getting screwed right along with the younger generation, I don’t trust either side.

 

[EyeBRollin]

I went through a long stretch where it seemed like all my friends made more money than I did. But I kept at it, and ended up earning more than nearly all of them. I like that you appreciate your parents' contribution to your life, that is appropriate and honorable. My parents were dirt poor, but they did right by me, and I would never be able to repay them for what they provided me.

Personal anecdotes do not address the topic at hand. Boomers had more opportunity to have a decent financial life then millennials and gen Z. This is just a fact. Any one of our individual experiences is irrelevant.

 

[CornbreadFed]

Personal anecdotes do not address the topic at hand. Boomers had more opportunity to have a decent financial life then millennials and gen Z. This is just a fact. Any one of our individual experiences is irrelevant.

Facts are facts, a 100k job was hitting big for Boomers and Gen Xers, now 100k is basically I can afford to have some fun and put money in savings if I don't have debt or anything holding me back.

 

[Millard Fillmore]

Facts are facts, a 100k job was hitting big for Boomers and Gen Xers, now 100k is basically I can afford to have some fun and put money in savings if I don't have debt or anything holding me back.

Bro you are making 100k a year and are struggling? What are you spending your $ on?

Also 100k in 1975 is like half a million today.

 

[CAPSLOCK BANDIT]

Bro you are making 100k a year and are struggling? What are you spending your $ on?

Also 100k in 1975 is like half a million today.

Living wages in some places will surprise you

 

[EyeBRollin]

Living wages in some places will surprise you

Where? I’m in NYC area, make over a 100K and live rather comfortably.

 

[CAPSLOCK BANDIT]

Where? I’m in NYC area, make over a 100K and live rather comfortably.

The cost of living in New York City varies depending on factors like housing, transportation, and lifestyle. On average, you'll need an annual salary of $75,000 to $100,000 to live comfortably in NYC. - Google

A good salary in Boston, MA is anything over $53,000. That's because the median income in Boston is $53,000, which means if you earn more than that you're earning more than 50% of the people living in Boston. The average salary in Boston is $63,751. - Google

Just off the cuff there is a spectrum of costs of living across the country, certainly in Canada as well.

 

[CornbreadFed]

Bro you are making 100k a year and are struggling? What are you spending your $ on?

Also 100k in 1975 is like half a million today.

Because it is recent, and I was unemployed and then underemployed with bills from my previous job which caused credit debt. Plus, I have student loan debt too. In addition, there's inflation and other BS too. Not everyone has an easy path to 6 figs. Plus I am in sales, so there's added stress and my income isn't guaranteed.

 

[EyeBRollin]

The cost of living in New York City varies depending on factors like housing, transportation, and lifestyle. On average, you'll need an annual salary of $75,000 to $100,000 to live comfortably in NYC. - Google

Sounds about right. Single in NYC really just comes down to rent. All you need is an apartment and your metro card ($132 / month) to be set. Having a family is what is difficult. You have to damn near move to PA to find an affordable house.

 

[Millard Fillmore]

The cost of living in New York City varies depending on factors like housing, transportation, and lifestyle. On average, you'll need an annual salary of $75,000 to $100,000 to live comfortably in NYC. - Google

NYC - you can get almost anywhere 24/7 for $132 a month.

Housing - big difference between Midtown and, say, Ozone Park or Fresh Meadows.

Lifestyle - adjustable.

But people are easily seduced by the need to appear baller.

 

[CornbreadFed]

NYC - you can get almost anywhere 24/7 for $132 a month.

Housing - big difference between Midtown and, say, Ozone Park or Fresh Meadows.

Lifestyle - adjustable.

But people are easily seduced by the need to appear baller.

Anywhere outside manhattan sounds miserable lol. There’s a thread about or brings up dating in NYC and the conclusion was Manhattan or you are overpaying to live in a crappy suburb.

 

[Dash Riprock]

I’m solid gen-x. I inherited nothing from the boomers except my bad attitude.

Sounds like jealousy to me. The world owes you nothing. Make your own pile and do with it what you want. Bitter lemons…

Instead of whining about their good fortune and your own lack of motivation, why not build something yourself. Or you waiting for mommy and daddy to drop in on a chopper to save your pathetic selves? Poor little unique snowflakes…

Don’t hate the playah, hate the game.

I'm Gen X.

Maybe if Gen Y and Z could put down their phones for 5 minutes and look around, they'd see ample opportunities to make money by starting a business, getting a low-priced online education, or even running for office if they don't like the way things are going.

It's no mistake Gen Y and Gen Z are widely and largely seen as entitled, effeminate, and whiny. These stereotypes didn’t pop out of thin air. I’ve owned a business consulting company for 22 years (I started in 2001 on the kitchen table with a phone and a legal tablet, now 8 offices in 7 states and 20+ employees) and can say that the females in Gen Z and Gen Y are FAR MORE motivated than the men. FAR MORE.

Maybe some Gen Z and Gen Y men can chime in and tell me why this is so when men still have the strength and DNA to lead but opt for the "slacker" lifestyle instead. Then, they get all p*ssed off at those who are self-made and have worked their asses off and are successful.

I welcome feedback and responses on my observation.

 

[EyeBRollin]

Anywhere outside manhattan sounds miserable lol. There’s a thread about or brings up dating in NYC and the conclusion was Manhattan or you are overpaying to live in a crappy suburb.

It was a silly take. You pay twice as much to be in Manhattan. You can find areas in Brooklyn, Queens, and Jersey City that will have you a comparable experience and only a 20-30 subway ride. 95% of the women don’t even live in Manhattan. I live an hour away on the commuter train and was swimming in NYC pvssy. So I know that was cap.

 

[kavi]

I'm Gen X.

Maybe if Gen Y and Z could put down their phones for 5 minutes and look around, they'd see ample opportunities to make money by starting a business, getting a low-priced online education, or even running for office if they don't like the way things are going.

It's no mistake Gen Y and Gen Z are widely and largely seen as entitled, effeminate, and whiny. These stereotypes didn’t pop out of thin air. I’ve owned a business consulting company for 22 years (I started in 2001 on the kitchen table with a phone and a legal tablet, now 8 offices in 7 states and 20+ employees) and can say that the females in Gen Z and Gen Y are FAR MORE motivated than the men. FAR MORE.

Maybe some Gen Z and Gen Y men can chime in tell me why this is so when men still have the strength and DNA to lead but opt for the "slacker" lifestyle instead. Then, they get all p*ssed off at those who are self-made and have worked their asses off and are successful.

I welcome feedback and responses on my observation.

How are you as a consutling company provding value for society? Why shouldnt the state (society, community, whatever) provide this service instead of some guy with a phone and a tablet.

If this service you are providing has value for society then the state should be ensuring it exists and businesses get the level of 'consultation' they require, as this would benefit businesses, workers and the economy and nation as a whole. For that things need to be organised at a higher level.

If you are proviiding value to society then there is a moral argument that the state should ensure businesses have access to consultants, if not then you should not be operating within the economy.

Either way none of this has anything do with individual action and it has everything to do with collective understanding and action.

 

[Pierce Manhammer]

I can hear the teeth gnashing already! I can’t wait to hear the responses.

Inevitably they will all be platitudes but at least it’ll be fun to read them and make fun of them.

I'm Gen X.

Maybe if Gen Y and Z could put down their phones for 5 minutes and look around, they'd see ample opportunities to make money by starting a business, getting a low-priced online education, or even running for office if they don't like the way things are going.

It's no mistake Gen Y and Gen Z are widely and largely seen as entitled, effeminate, and whiny. These stereotypes didn’t pop out of thin air. I’ve owned a business consulting company for 22 years (I started in 2001 on the kitchen table with a phone and a legal tablet, now 8 offices in 7 states and 20+ employees) and can say that the females in Gen Z and Gen Y are FAR MORE motivated than the men. FAR MORE.

Maybe some Gen Z and Gen Y men can chime in tell me why this is so when men still have the strength and DNA to lead but opt for the "slacker" lifestyle instead. Then, they get all p*ssed off at those who are self-made and have worked their asses off and are successful.

I welcome feedback and responses on my observation.

 

[Pierce Manhammer]

I see value in wiping my ass after I take a dump, I think you do too? Should we have the government take care of that for us too?

And what kind of a weird non sequitur is your post to this to the discussion?

How are you as a consutling company provding value for society? Why shouldnt the state (society, community, whatever) provide this service instead of some guy with a phone and a tablet.

If this service you are providing has value for society then the state should be ensuring it exists and businesses get the level of 'consultation' they require, as this would benefit businesses, workers and the economy and nation as a whole. For that things need to be organised at a higher level.

If you are proviiding value to society then there is a moral argument that the state should ensure businesses have access to consultants, if not then you should not be operating within the economy.

Either way none of this has anything do with individual action and it has everything to do with collective understanding and action.

 

[EyeBRollin]

I'm Gen X.

Maybe if Gen Y and Z could put down their phones for 5 minutes and look around, they'd see ample opportunities to make money by starting a business, getting a low-priced online education, or even running for office if they don't like the way things are going.

It's no mistake Gen Y and Gen Z are widely and largely seen as entitled, effeminate, and whiny. These stereotypes didn’t pop out of thin air. I’ve owned a business consulting company for 22 years (I started in 2001 on the kitchen table with a phone and a legal tablet, now 8 offices in 7 states and 20+ employees) and can say that the females in Gen Z and Gen Y are FAR MORE motivated than the men. FAR MORE.

Maybe some Gen Z and Gen Y men can chime in tell me why this is so when men still have the strength and DNA to lead but opt for the "slacker" lifestyle instead. Then, they get all p*ssed off at those who are self-made and have worked their asses off and are successful.

I welcome feedback and responses on my observation.

None of the younger lads in this thread argued that we don’t have an opportunity to make money today. This is unfortunately a strawman argument. The argument is that on a macro level, boomers had way more opportunity financially than the youngsters today. It’s hard to even argue the contrary.

 

[Pierce Manhammer]

I think that could be said of any generation and the one preceding it.

But OK, let’s say that’s strictly true
for purposes of this discussion.

Now what?

The argument is that on a macro level, boomers had way more opportunity financially than the youngsters today. It’s hard to even argue the contrary.