Master Don Juan
- Jan 16, 2012
- Reaction score
"The Social Contract Is Broken": Why Millennials Who Lack Rich Parents Feel Increasingly Hopeless | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
As the FT sees it, millennials' fate will depend largely upon whether they're the progeny of wealthy families, or not. Those who can depend on "the bank of mom and dad" for an interest-free loan (or a generous inheritance) will always have an advantage in procuring the best homes, jobs and school placement as entry to the upper echelon of society still largely depends on having access to the best schools and alumni networks. Millennials who don't enjoy these advantages will be forced to compete in a market set up to cater to those who do.
In my opinion boomers fvcked up the economy and society for those after them, while gen X managed to get a decent deal, millennials did not.