Why Are Millenials Poorer Than Their Parents?

Why is this happening, Sup Forums? And will Gen Z be even poorer?

usatoday.com/videos/money/business/2017/01/13/millennials-falling-behind-their-boomer-parents/96529894/

archive.is/ATAHU

Other urls found in this thread:

youtube.com/watch?v=6ILL1XRLVuA
twitter.com/SFWRedditVideos

...

Globalism. But don't worry. Things are about to get a lot better.

>Graduate high school
>All the years of teachers telling you to go to college gets to you
>Don't know what you want to do with your life
>Decide to get degree in something fun instead of a boring STEM degree with jobs in it
>4 years later
>Graduate college and Professor Rothsbergstein gives you a paper, only 200,000 shekels
>Try to get job
>No jobs to pick from because you picked a shitty degree
This explains it well

>Why Are Millennials Poorer Than Their Parents?
Boomers told their Millennial children "follow your heart and do what you love, and you can be anything you want to be"

And as a result, millions of Millennials made the false assumption that their parents became accountants and business supervisors because they must LOVE accounting and middle management, rather than, you know, the fact that it pays the bills and you can live relatively comfortably.

So the misinformed children went to college and got degrees in English Literature, Sociology, and Film Critique, because they somehow deduced that the amount you get paid at your job must be proportional to how much you love your job.

I think this just about nails it. My job is shit, I hate it, and I work with retards. But it pays the bills, and I live comfortably. So I continue working.

when did carl the cuck start his hormones?

>why is this happening

unemployment is 24% (shadowstats.com)
shitty pay compared to the cost of living
college debt. you might find a job making $15-$18 out of college, but you'll still have to pay the US Dept. of Education $300/month

>will gen z be even more poorer

considering america's future is 3rd world,ya

cant really hope for much when the majority thinks the same ones who created crime and poverty ridden shit holes like chicago and detroit are the ones that should run the rest of the country into the ground

>CS Degree from $40k a year engineering school
>Wages in the midwest are trash
>Students loans are $700/month
>Apartment in Midwestern cities near me are $1200 for a decent 1 bedroom
>Had to quit my last job because I could't afford a place to live

Because all that hair dye has affected their pea-sized brains,

Because their parents and grandparents keep ripping them off? It's not hard to figure out.

If you are willing to relocate to connecticut and can do sysadmin work, a job literally just opened up at the place I work. salaried $75k/year

>Be told all through school to work hard so I can get a good job
>Be told not to take drugs or drink underage, and like a good lad I don't
>Miss out on years of friends and young love because I focussed on school and read books instead of hanging out at parks and drinking cheap cider with the girls
>Be told that to get a good job I need to get a good degree
>Study for 5 years in STEM, get a Bachelors and a Masters
>Take a placement during my Masters and work at one of the most famous research facilities in Europe
>Graduate, feel happy with my life
>Apply for hundreds of jobs
>"Sorry, we're looking for someone with 2 years experience to fill this entry level position"
>End up working retail, getting further and further from possibly landing anything using my degree as I spend more and more time outside the field
>Making zero contributions to student loan because earnings are so low
>Girlfriend from uni left me because neither of us can afford to live away from home, she's opposite end of the country
>Almost 25 and achieved nothing
>Depressed and disillusioned with life
Gee, I wonder why. I got stacked with £45k of debt that my parents and grandparents never had, I compete with the highest number of graduates that have ever existed for jobs that I don't even really want, I can't afford to rent a room away from my parents because Boomers and their greedy (((ilk))) charge such extortionate rent to live in this city, and every time I apply for a job I'm reminded of the lies I was told as a child about how my hard work would all pay off in the end. Meanwhile I sit back and read the news about Somalian 'migrants' that get given £2million mansions in central London as council houses, and families of degenerate filth claiming they're too fat to work and being handed almost £40k a year in bennies.

I've been on Sup Forums for 10 years, and I never got my redpills from this site. All my redpills were swallowed just trying to live my life.

wat

I specialize in frontend, so the wages are even lower than normal because it's not "real" programming like writing unmaintainable enterprise applications in Java

yeah you forgot to add that our parents didn't need a degree to get a job

kek you wasted the best years of your life on spec

ARE YOU KIDDING ME?

>midwest
if you want to seriously increase your earning, get out. I was trying to find software engineer work in chicago and places downtown weren't even offering 65k. I moved to NYC and 3 years later I'm making $140k/yr paying $1500/m in rent. cost of living is higher but like 15-20%.

what tech stack pimp

Because globalist (((corporations))) choose to exploit slave labor in Bangladesh and our cucked government does nothing about it.

Story of my life.

wtf are you doing making $140k/yr

I was working in Ann Arbor, MI making 60k. The cost of living of Chicago and Ann Arbor are almost the same- ie if you have loans you can barely afford to live, let alone travel or save.

I'm interviewing with a well-known and well-paying tech company now, hopefully it will get me out of here.

>gotta go to college even if you can't afford it
>take on crippling debt for a shitty degree
>only job you qualify for on graduation is Starbucks

The really shitty thing is that I actually pursued a valuable degree in engineering and ended up paying out of pocket way more than I should have, because easy access to student loans artificially inflated tuition.

I will bet that because I chose wisely that I will now be burdened in some capacity to pay for the shitty decisions of others.

Good job, Lefties.

Young people, especially this generation are terrible with their money. Idiots keep taking out loans and using credit cards until they're so far in debt they're gonna be stuck forever paying for it. Parents who can't teach their kids responsibility is to blame.

p-pardon?

Dumb as rocks and we've been getting scammed by jews and chinks non stop.

It's the perfect storm.

>leave home at 17 because one parent dies and the other has anger issues
>survive on slightly above minimum wage jobs
>get student loans because I can pay them no problem in the future
>graduate and can't find a job because Pajeet and Minchang are taking over STEM
>massively in debt, can barely afford rent in the ghetto and my car has a check engine light

Why the fuck am I still alive

nothing special, just fullstack software engineering at a competitive unicorn. I'm on the cusp of getting bumped up a tier too which would net me another 15-20k/yr. I could make more working for a GMAF but who the fuck would want to, I have great worklife balance here and don't spend all day working on optimizing javascript buttons.

I was paying roughly $1800/m for my house in chicago. If you're willing to put off purchasing and are frugal, you can save up shitloads working here and eventually move to wherever the fuck you want with 1-2MM in cash. Even with the insane cost of rent I still put away 4k in savings a month. Literally maxed out my IRA for the year already.

>why the fuck am I still alive
because god wanted you to live

article has nothing to do with that.

it's about how young people now in positions that boomers had at the same age earn about 20% less despite higher costs of living.

its all about stagnant wages, increased competition and shrinking opportunities, nothing to do with loans and all the other stuff people in this thread are bitching about

>"Sorry, we're looking for someone with 2 years experience to fill this entry level position"

God, that is he fucking worst.
I eventually left my country to work in the UK (in media advertising, I fukin love it) because funking EVERYWHERE asked for two years of experience.

>>Apartment in Midwestern cities near me are $1200 for a decent 1 bedroom
>>Had to quit my last job because I could't afford a place to live
if you arent finding roommates to slash that rent to 400 a month you're doing something wrong nigger.

Because :
1. They are brainwashed dumbfucks so
2. They can't make good decisions for themselves so
3. They have shitty jobs or leave the good ones cause they don't like not being able to say 'fuck you' to their bosses.

Also 4. They don't want to grow up.

>1 bedroom
>roommates

what

Well you and your aussie friends are really fucked when it comes to housing. You can never afford a home. It sucks but at least you don't have the chinks like they do.

nigga u dumb as rocks.

more than 1 person can sleep in a bedroom you nigger.

>go to Uni in england because I'm English
>tuition is """only""" £3k per year
>no jobs at all in the entire uk that pay well because the Labour Party fucked up the country
>move to United States and earn a decent living instead
Peter Hitchens is right, m8. Any young person with the skills to do so should leave Britain.

At least your loan isn't a real one that debt collectors will rape you for if you're not working or earn under £20K.

didnt read the article.

>Sharing a bedroom with a complete stranger

Yeah, sounds fucking amazing user.

Protip: It's not!

you're as dumb as rocks if you cant vet roommates and find some good people to split rent with.

kill yourself now nigger.

>women earn less despite being more educated, this is a travesty!
>millennials earn less despite being more educated, this is a travesty!
Well you could always tax the productive harder and let the government pay part of the millennial wages so that they're on par with what their liberal arts degree entitles them? Just a little pro-tip from the social democrats.

>Almost 25 and achieved nothing
>tfw 25 and in the exact same position

More like
>Have good degree
>everyone is looking for people with this degree
>"plz 7 yr experience minimum"
Fuck me up senpai

Yo

Please dont tell me you are using react.js or angularjs

I feel you brother

After living with the same faggot SJW nerd in the dorms for a year, I'll never do that again.

I use react, yes

[spoiler]angular is garbage[/spoiler]

Because I live in the mountains and live a lifestyle that 90% of this board couldn't handle.

Close the fucking border and do not let unskilled labor in.

There i fixed the fucking problem

>thinks all roommates are the same
>too retarded to find others
>would rather pay 1200 in rent
jews win again.

baby boomers gave birth to the hippies, what the fuck are these drug addicts talking about?

millenials are the children of generation x

>better educated

not boomers fault that a whole generation of morons fell for the old college meme

>"Sorry, we're looking for someone with 2 years experience to fill this entry level position"

They never heard about lying. Kek.

This.

I think hugely increased competition due to immigration is probably the main driving factor.

all the people crying hurr durr lazy millenials arent necessarily wrong but they are distracting from the real issue

All my friends parents and my own lived a paupers life yet saved lots for more "important" things.

Kids today have many more distractions and temptations in the form of technology and entertainment and hobbies and sports.

i know this feel

i am at a complete loss about what to do

be me
Have a Community College Degree
Make more money than my mom
Work a job thats blue collar
Make 45k a year
Own house
Own 2 cars
life is good

I assume this is just an issue in a first world country as 3rd world one surprisingly has a different result.

THIMBLES are such weird things - ACK! It's crazy!

It's because Obama ruined the economy.
Donald Trump will make America great again.

Boomers ARE the hippies you fucking retard.

>go to college
>STEM degree
>whoops wrong stem degree, fuck you
>ask boomer parents for connections
>father won't even consider helping me get a job at the factory he works at
>not even on the factory floor for minimum wage to pay the bills
>mother has no connections
>look for work on my own for 6 months
>they threaten to kick me out
>okay fuck you too parents
>actually suffer psychological damage from the betrayal
>join military
>debt nearly paid off 3 years later
>bought a house, have a car
>doing okay
>can't wait for their shitty finances to catch up with them and they need money so I can tell them no

Boomer parents were just shit. It's that simple.

this has been going on for multiple generations now though

pressure on the economy. more workers than jobs. close the borders and stop outsourcing.

source?

student loan one is insane

The problems happened looong before Obama. It's a problem that's been decades in the making, it will take more than 8 years to fix it.
One reason why fixed-term systems are bad.
You're going to need probably another 2 8 year periods of good leadership to be anywhere near normalcy.

The UK problems are worse, our problems go all the way back to the end of WWII, which we still haven't really recovered from, it might even go as far back as the "people's budget" of 1911 which saw a massive constitutional change that radically altered the relation between the government, the people and power.

I have a useless degree and lots of debt. I'm currently in school for my masters.

I have several credit cards that I don't use.

I know I'll never be able to pay any of this back, so I'm staying in school as long as I can and taking out every student loan I can.

Then, when I graduate or run out of financial aid, I'll live off my credit cards til they get maxed out.

After that I plan to just walk away from all my debt and go on welfare. And there isn't shit anyone can do about it.

Such is life in the zone.

Look up the great engineers and scientists, none of them had it easy either.

We live in a capitalist system where you don't get paid for your contribution, you get paid based on supply and demand.

If you're smart, you'll find another way to make money, most people I know who have a lot of money have side ventures or weekend jobs.

It's a well documented fact that governments trying to make things accessible lead to them being more expensive, less accessible and lower quality.

A physics professor at Oxford recently called the police on a conservative party speaker for daring to say this.
youtube.com/watch?v=6ILL1XRLVuA

>debt
Lol, study for free and even get the schoolarship from my university. Maybe i'll have a useless job(teacher) but atleast i will be free of any debt. Thanks, socialism!

'voluntary' simplicity.

where is the source for those charts is what I mean

FRED only goes back to 2006

Damn its fucking hot in here

Institutionalized for $$$

...

7 more days

>All these Western countries whose economies are going to shit

Are we seriously witnessing Germany circa 1933?

Here's a big part of it:

Boomers college education: $6000

75K in debt and you two have a kid?

Need to be financially solvent first bruv.

>Students loans are $700/month
we used to overthrow govts over this

>less full time jobs
>less time of employment (raises, promotions)
>inflation
>costs from social programs

This was a sad thing to watch. Dear Britbongs, I am sorry this is a reality for you, and sincerely wish you well.

Jesus Christ what are you going to do? Dig ditches for The Border Wall's foundation?

I'm 28, am I a "Millennial"?

And I don't know how my parents lived at my age, but I never finished high school, never went to collage, and now live off autismbuxs. 'Bout 22k USD a year tax free. I've got a home made in the 80s and a truck from the 90s. Got them both cheap as fuck. Also have great health and dental. I mean FUCKING great. Doctors and Dentists have to accept me, and can only charge what the government allows them to charge for any and all services.
There is no other health or dental plans in all of Canada were it is illegal to charge the patient anything out of pocket.

You don't even know the half of it.

>gender studies

its fucking insane.
why the fuck would a company increase wages for unskilled labor when they don't even have to look for people to take the jobs. meanwhile prices keep going up, especially on houses.
have to pay $200k for a gingerbreadhouse with yellow lead paint from the 80s that used to white and a cracked lopsided foundation.

f

I am 34 and make 12 k a year. My goal in life is to uy a fgaming PC. I literally cannot picture how amazing it must be to make 40 k. Thats a fortune to me

hold your fucking horses


are these autismbuxs maple exclusive?

i want my faggy taxpayer usa countrymen to hand over my bux too

just look at the average reddit thread
>I work three part time jobs and have to live with my parents etc etc etc
if all three of these jobs were 24 hours a week at US minimum wage of 7.25$ you would be making 27k per year, which is enough to rent an apartment in any state and any city. Fucking walmart pays 10.50 an hour starting to overnight stockers cashiers and janitors and there are Always(tm) positions open, thats 22k alone without quarterly bonuses or any of the overtime they hand out like candy around holiday season. The absolute floor for "i work a job" is somewhere around that point, and people like the chick in the USA article who are making 18k throwing pre-frozen pizzas in an oven are human scum who cannot work a job that requires more than 5 minutes of effort per hour. You could probably do telemarketing at the exact same time you are standing in the pizza chain and not lose a percent of output in either job.

what these people arent telling you is that they're wasting their time on literally nothing and calling it a 'job'.
>I spend 20 hours a week streaming on twitch tv... to 2 viewers on average
>I spend ten hours a week working on my art portfolio. I have dozens of comments on deviantart, work on commission, and someone even requested from me a 20$ coloring of a drawing of their OCdonutsteal last year!
>my final and most boring part time job, if you will, is working food service at the local Arby's. I've spent the last six months choreographing exactly how I plan to quit that job once my careers as a professional artist and streamer take off!

Maybe I should get a tan and become a syrian refugee in sweden. The salary is pretty good and you get decent housing.

I dip my toes in it every now and then, watching something on your Labor party and Corbin now. British politics is interesting, and mirrors that of the US in many ways.

That said, its quite depressing. US politics has a desensitizing effect, where words lose meaning. Brits still maintain the power of words, and with that you can feel the emotion and concern far more than US debates. You still can see through the shills, as their language is always the same.

Hows it fairing there for you?

/Thread

>27k per year, which is enough to rent an apartment in any state and any city.

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHA

It's a shame your dad isn't man enough to take you behind the bard and put a 38 round in the back of your head.

Fucking do nothings are the reason the economy is tanking in the US and we're over-correcting and fucking shit up. You are literally the fucking posterboy for why we can't have national healthcare.

you are competing against chinese. they lie on their application. you should also lie on your application. nothing but the most prestigious of these jobs will actually check your work history.

Just dont lie about training. if its something nebulous like "two years experience in industry" then they're just bullshitting to cull the meek. if its something specific like "we have a nuclear engine and we need a nuclear engineer who knows how to do fucking maintenance on a fucking nuclear engine is this clear we do not want this to blow up again like last time" then dont apply unless you know the system you are working with.

Fear not, right wing death squads are coming to a future near you.