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OT - Millenial blame Baby boomers

Acratopotes's picture

I almost killed my laptop while reading this, I've never read something like this in my whole life and the entitlement is just.... I don't have words.

Short extract and the link for the full article...

"Cheryl McGee, 26, knows exactly who is to blame for her penurious lifestyle"
"None other than the deeply selfish older generations"
"They have ruined young people's lives,' she says. 'They think once their child is at university their responsibility ends and they kick us out and let us get on with it — but there's no jobs anymore. We don't have a fraction of the opportunities they had."

"They could release equity from their homes to provide for us, but all they care about is being better off.'"

I can not believe this, I never expected my parents to pay for anything, they paid for school, and no my Dad did not even complete school cause there was no money, he had to support his family, My mum could not go to university cause woman just did not go and well there was no money, nothing was for free.
I had no problem leaving home at 18 and starting my own life and saving, worked 2 jobs and studied via distance, then I had to scale down to one job cause I had Deigma. I never indulge in luxury.... cause I wanted to buy a house.

If my parents could do it so could I , still today I don't need their money, I don't want it, I don't care if they blow all of it on their life, they worked for it, they should not leave it for us the children to live off..

http://www.dailymail.co.uk/news/article-4299068/Three-blame-baby-boomers...

Comments

Disneyfan's picture

I do not believe Cheryl's opinion is the norm. Of course I don't believe kids leaving home at 18 and never needing their parents' help again is the norm either. I think both view poi9are opposite extremes. The norm lies somewhere between these two extremes.

My parents never graduated from high school, yet they managed to pay for my sister and I to attend a private, out of state college. I did the same for my son. My sister and BIL will do the same for their 4. This is the norm in our extended family and circle of friends.

tonieye11's picture

If you talking about the president I think your talking about, you obviously haven't been following his policy changes. Add clean drinking water, clean air, contraceptives and access to a decent k-12 education to the list things the next generation won't be getting.

Tuff Noogies's picture

i *need* a third home and a second yacht. but what i REALLY need is a hundred million dollars!

Livingoutloud's picture

This isn't a common opinion. Just an article. Probably to get people all up in arms about perceived issue. It's non issue imho

AshMar654's picture

I totally agree with you on this. I am 31 and people tell me all the time I am a millennial and we just expect things to be handed to us. Honestly I see that with some of my friends my age but for the most part many of us work have kids bought houses and do not rely on out parents. Now I see people mid twenties and I am just like ok you go form job to job to job and you can not stand when your boss is a little mean and you cry. That I do not get at all. I hate being looped in with them because I am not like a millennial at all.

WalkOnBy's picture

this is my issue with the generation designations. I was born in 1966 - which makes me a gen xer, but I am soooooooooo not a genXer.

I spent the 80s in high school and college. I am much more of a boomer than I am an Xer. Always have been.

AshMar654's picture

This article is just meant to get people thinking. I think this girl sounds like and entitled little twit. It is not the norm by any means. I am classified as a millennial but I in no way blame my parents for my struggles. I am not really struggling but I live pay check to pay check and if I watch my spending can do a fun thing here and there and go out to eat occasionally. I have student loans and never once expected my parents to pay for them.

One thing I will agree with that is true these days is it is not easy to get a head or to buy that house if you are a single person. The prices are really high these days and wages do not equal out as much. I blame more the government and a greedy society. I fall prey to this at times, but America and other countries keep wanting more and more and do not plan for the future. The want to go out with friends and enjoy life and not worry about what tomorrow will bring. The baby boomers did not do that they planned and worked hard.

While I do agree it is taking longer for people my age (31) and younger to launch I do not think the old people are to blame.

AshMar654's picture

I totally agree with you on the social media thing. It has created a lot of envy and this fictional idea of what true wealth is and what you should really value in your life. If promotes a more materialistic life style.

My SO and I are getting a place and small little house that has everything we want single home garage big huge yard. Everyone keeps telling me and him nice "starter home" I just look at them like that one eye and horn. This house is much smaller than the one he live sin now and will be the biggest house I have ever lived in, 1500 sq feet. We have no desire for more and he knew that we would never be able to have what his parents have "Boomers" because we are no where near their financial stability.

I see people on social media with these large nice home and I am like how can you afford that. My guess is they are living beyond their means just for show. I ignore what other posts because I learned people only post the good and never the bad about their lives. I think all generations fall to this of making their lives seem so great instead of just actually being a real person with every day ups and downs.

tonieye11's picture

The idea of the loss of the starter home is factually untrue. Actually stock in places like Lowes and Home Depot are at all time highs due to millennials focusing on do it yourself fixer-uppers. It similar to the trend of the death of the department store, millennials tend to bargain shoppers so TJ Maxx and Amazon are systematically killing stores like JC Penny and Macys.

Disneyfan's picture

Oh stop it with the MY GENERATION NEVER ACTED THE WAY TODAY'S KIDS ACT. I'm 49 years old. You better believe there were awful kids in my school/community when I was growing up.

There have always been parents who let their kids get away with murder. There have always been kids misbehaving in schools.

notasm3's picture

I think a lot of the arguments about current costs and "lack of opportunity" don't make a whit of difference in dealing with reality.

Quality of life is about making GOOD CHOICES with the options available to you. No - not everybody has the same options. But it does no good to whine that somebody else got something paid for that you didn't.

Guess what - special snowflakes have existed since time began. This is not something new. There will always be people who want someone else to pick up the bill. And these people come from all walks of life. It's not just the poor and uneducated. Sometimes they can be the most motivated to do better.

How in the hell can any young woman today complain that she doesn't have the job opportunities that I had 50+ years ago? That's just utter bullshit. I am a babyboomer. One of the very oldest. Only a few older than me by a few months. Seriously - compare what a woman could do in 1966 with today.

And guess what I made the CHOICE to pay for BC (about $6 a month back then) when I was making a DOLLAR an hour. Yes that was SIX hours of work. I have little sympathy for someone making $10 an hour refusing to pay $4-5 a month.

And back in the dark ages very few stores were open at night or on Sundays. Restaurants were few and far between. There were very limited job opportunities for someone to work part-time and go to school. I would have killed for the opportunity to work more hours.

I had significant student debt - but I paid off every penny of it - gladly. I have also paid back (in today's dollars) the scholarship money I received. They key though is to make GOOD use of loan money. Use it to make yourself more valuable in the job market - not to just "go to school".

And then use those skills to the best of your ability. I once took a job that paid double what another job paid. Same job - just the difference in a company that paid low wages and one that didn't. No brainer.

My parents could not help me at all with college - not a dime financially or even offer any support in general. My mother cried when I got accepted to college - and not tears of joy. She was scared to death of what I was going to do. It was just out of her realm of reality. I had high school friends who were just as capable as I was who did not go on to get more education because their parents discouraged it.

But I never whined about what I didn't have. I just tried to make as many good choices as I could. Did I make perfect choices - hell no. But I never lost sight of the goal to be self sufficient.

Do I think others should do what I did? Well no - times have changed completely in 50 years. But I still believe when there's a will there's a way.

General rules:
Do not have babies that you can't support.
Do not let yourself be drug down by loser/users - and this includes partners, siblings, roommates, friends and yes even parents.
Learn how to do something - get a skill. It doesn't have to be college. I've known people who learned a trade and earned good money while going on to further their education if that's what they wanted. I know a nurse who worked her way thru med school.
Work hard at whatever you do. Try to excel rather than just do the minimum.

And work is much better than whining at helping you achieve goals.

SacrificialLamb's picture

Great point notasm. The older baby boomers were the first ones where women started to work. I am a younger boomer and when I started working you rarely saw a female executive, and they still are few and far between.

An addition to your General Rules: Live way below your means. Nothing is guaranteed.

still learning's picture

Millenials could be renamed the Instant generation, gotta have it all right now. Work, what is that? Parents will provide. SS31 is a classic entitled millenial who refuses to work at any job that doesn't pay what he thinks he deserves. He has never been to college, was kicked out of the military and barely graduated high school due to his partying. He thinks he knows more than any boss and that he should be in charge. As a result he never stays at any job long, loses his housing situation then ends up on a family members couch overstays his welcome and moves on to the next couch. Right now he's 31 working in a pizza joint and back living w/mommy.

DH is in his mid 50's, he's worked hard to get where he is today but never expected the same of his children. Neither BM or DH parented or disciplines ss's, they just threw *things* at them to pacify and keep them happy. Must have happy protected snowflakes.

SacrificialLamb's picture

I think women have always insulted each other. Women are very competitive with one another. It is just more obvious now because we now have public forms to lambast others.

Icansorelate's picture

This is exactly correct. I am at the younger boomer tail. Add to this, the massive inflation in the 70's and early 80's. People that bought houses were paying interest rates in the high teens. The early 80's had a nasty recession with the job market almost as bad as the one in 2008. Then, we had a couple lost decades in the stock market- where the returns were essentially flat for the entire time.

I like, you, came from a lower middle class family, went to college on student loans- paid them off when I was 41, then started paying for my kids' colleges at 49.

I continued my education, got advanced degrees in my field. The advanced degree was paid by the taxpayers, but I have paid the taxpayers back at least 100-fold with the taxes I have paid. Increased my salary by changing companies every few years until I acheived executive levels. Until then I was poor- living paycheck to paycheck on my 13,000 a year until I was in my 30s. I did not take even a minute off of work when I had children. I recognized that the price of day care was an investment in my own career.

We were also the first generation to experience lay offs, no pensions, etc. The generation that had job stability and pensions was our parents (the greatest generation).

I bought my first house at age 38.

Every generation has to start out poor, work their way up, and only then live the lifestyle that matches or exceeds their parents. We boomers typically started out in crappy rental apartments and then whatever small home we could afford.

The big houses that are associated with our generation came much later- during peak earning years.

Life is what you make it. Success has an element of luck, but a bigger element of taking opportunity when it comes, working hard, and making sacrifices. This as true today as it was 30 years ago.

AJanie's picture

I guess I am a millennial technically. I don't exactly feel like a millennial, but whatever.

My take is this. When my parents started a family, mom worked retail and dad worked in an office for a less than impressive wage, and yet they could afford a small house, vehicle maintenance, a couple camping trips in the summer, gifts for Christmas/birthdays and a hot meal on the table every night.

(In my area - because a lot of this depends on region) A present day couple working a crappy administrative job and another one working retail would be crammed in a 500 square foot apartment, eating ramen noodles and relying on a credit card if a car broke down.

When I graduated from college, I watched ALL of my friends struggle to find jobs and I struggled, too. A lot of us had to move back home. Some did not have the luxury.

One thing with the younger generations (myself included) is we will be "poor" but have smart phones and wearing decent clothes. I think a lot of millennials are less willing to make serious sacrifices to get ahead.

AshMar654's picture

I agree with millennials are less willing to make sacrifices. I have a few friends that think I earn money so I should have x, y, and z. My one friend who rents a room from her pastor, has two degrees, makes 13 and hour maybe more. Not much decides she had to have a Prius, also take trips all the time, barely saves a dime. She is only one year younger than me.

I can not wrap my head around it sometimes.

AJanie's picture

Exactly. I am not parting with mine. But... my babyboomer father might say "you're struggling! Go get a flip phone."

Blum 3

AJanie's picture

Another favorite is when I visit my dad and have a .99 cent coffee from the gas station. "You are struggling and BUYING coffee?!?!" Well dad, yes, a handful of times per week I treat myself to a 99 cent coffee to take to my job. I know that $12 per month would lift me right out of poverty.

Times are just hard right now for a ton of people. They really are. I would almost rather have adulted years ago when hubby could have been a milkman and I could stay at home with the kids.

sportslover's picture

yes, I have a newer one and it's glorious to not be a zombie and actually looking up at the real world:)

WalkOnBy's picture

"I don't exactly feel like a millennial, but whatever."

the archetypical millennial statement Smile

as a GenXer, I had a similar experience to yours after I graduated from college - some friends struggled and others made shit tons of money, until the bubble burst.

AJanie's picture

Well when I hear millennial I think more of 90's babies.

I still wrapped my books in papers bags in high school and we had one "computer lab." I didn't have a cell phone until graduation. There wasn't Facebook, although I could chat through instant messenger, but when mom picked up the phone it booted me off.

Personal opinion but millennials should be 1990-present. Biggrin

WalkOnBy's picture

we didn't use computers in college! I had a word processor that could hold something like ten lines of type and I thought it was the shit!!!

My daughter was born in 91 and the Things were born in 95 - they are definitely millennials, by ANY definition Smile

I was beginning my adult life in the 90s. Got married, had a baby, bought a house.

Tuff Noogies's picture

i had a brother. it was a pretty blue, with nice keys that you had to strike with authority.

i remember our "computer lab" at school with the true floppy disks, the Print Shop program, and MS DOS. ahhh those were the days. our first computer at home was a radio shack Tandy 1000sx. with a dust cover...

i didnt get a cell-phone until i was 21. a giant, lovely brick with a telescoping antenna.

Tuff Noogies's picture

i'm still a young buck Wink Wink Wink
but i've only had a smart phone for a year and a half lol! i'm an old soul, dh and i were both born in the 70's. we should have been born in the 1870's!

Tuff Noogies's picture

lol another, i still type that way. my keyboard here at work is old-school, with very raised keys (the letters are mostly worn off, so it phucs with anyone who chicken-pecks tries to use it }:) }:) }:) i HATE typing on laptops and newer keyboards where all they keys are flat - i can't feel that $#@!t!. it's *supposed* to be "touch-typing."

hubby is a loud talker on the phone too. when i talk to him i have to turn my volume down Biggrin

newcstep's picture

I agree that I don't feel like a millennial. But unless they decide that Generation Y is a real thing, I think I'm technically a millennial. I was born in the 80's, remember the age of pagers, used floppy disks in high school, didn't have a smart phone until after college.

But I did graduate college during the recession, and I have to say the lack of jobs was and is a real thing. I had to move back in with my parents for several years and work a sh*t retail job that I was way over qualified for that sucked my soul into a dark void while trying to pay off student loans. My mother thought I was being lazy and unappreciative. After all at least I had a job.

Then 5 years later, I have a nice job and a house. My mom got laid off and had to pick up a job at Walgreens. She HATED it and complained constantly about the soul sucking atmosphere of big box retail (yeah mom, I remember). Luckily for her generation they now have retirement savings and don't HAVE to suck it up and be appreciative. She quit her retail job and is happy as a lark.

WalkOnBy's picture

those of us who have come to the federal government recently will have a retirement completely different from the old timers....

VASTLY different.

Pensions have gone the way of the dinosaur - unless you are a union member.

WalkOnBy's picture

it used to be that civil servants didn't pay into SS and so they had a pension structured at a certain percentage of the highest three years of earnings (in the last five years of their careers, I think but could totally be wrong about that). It was more than enough to live on comfortably.

Nowadays, it's an annuity plus social security plus what we save ourselves. The government's contribution varies depending on when one joined the civil service.

Aniki-Moderator's picture

DH's SD whines about being broke ALL.OF.THE.TIME. She even started a GoFundMe account last year asking for 5K that was up for about 3 hours. Why? 2K to pay off what was left on the hospital bill from her 2nd kid AND 3K to buy clothes and toys for the kids AND send Mommy and Daddy on a much-needed vacation withOUT their kids. WTF.

Yep. She whines about being broke, but her husband makes almost 6 figures. Every month, they spend a weekend away while grandparents keep their kids. Every weekend, the grandparents babysit so SD and her hubby can paint the town red, eat at expensive restaurants, and drink $$$ craft beers. Those poor, needy parents. :sick:

AshMar654's picture

Oh I have seen it. My Uncle has wife who lives on disability he works and they have no mortgage. She has a new car like all the time. They started a GoFundme page for a new roof on their house. Yup these people exist.

Aniki-Moderator's picture

It was up for only a few hours. Either she came to her senses (doubtful) or she was shamed into removing it (most likely).

AshMar654's picture

That is really impressive your daughter and her husband were able to do that at a young age. It is a young age to be able to do that many of my friends did not buy their first home until they were late 20's. I think parents need to teach kids and educate them better on how to survive on their own and not rely on programs and government and all that.

It blows my mind to see my friends half doing really well and making it on their own. The other half still not paying back student loans and living pay check to pay check because they refuse to sacrifice anything. I hate my car and really really want a new one. I bought the one I am currently driving new and paid it off in full early. It suck in the snow and I live in an area where it snows every winter. I tell myself all the time I do not have a payment so why put myself in debt when I could use that money and pay off student loans.

I think people born in the 80's are divided you have people like me that save and go without and make due, then you have those like some of my friends who still live like they are 20 but they are 30. It is a crazy divide.

Sounds like snowflake is one of those that will be crying and be on the poor me train one day.

tonieye11's picture

Are you sure your friends are not willing to sacrifice anything or are they not willing to sacrifice what you think they should? Or more likely they have confounding factors that you don't know.

AshMar654's picture

One has told me she will do as she pleases and live her life the way she wants. She does not complain about being broke nearly as much anymore, she use to but not anymore. I do know she does not save a penny. The other one she is a lost cause she will ask to hang out not as much anymore and say she does not have much money so lets hang out where she lives with her pastor in their dirty cluttered house and just hang out there in her room. Maybe this sounds horrible but I am not in high school anymore. She will take trips, get a tattoo, buy all these things for the guy she is dating, buy tons of books, and she had to have a prius but we can not pay the student loans. She only pays 100 month to live where she live.

I do not care for the most part but I can not stand when I hear her say she has no money when I know she had none maybe reduced loan payments because of hardship and you practically pay nothing to live where you live. That is what I mean by sacrifice neither one will give up the way they want to live to get out of debt. They just do not see it as a big deal. Put it this way I made less than her at one point in my life and still managed to pay my loans and rent on my apartment that I was sharing with my ex boyfriend. Just don't like hearing them complain when I have been in their shows too.

tonieye11's picture

To the how you raise your kid issue, I think hind sight is 20/20 and its very situation dependent. I grew lower middle class, not on gov't assistance but nothing left after the bills were paid. MY sister and I were the first generation in our families to go to college after high school. We were never taught how to deal with money because there was never any money to learn how to deal with, and that spans generations. There was no cheaper place we could live outside of the ghetto, no corners that could be cut, no down grades that could be made. My mom worked 2 jobs just to make ends meet. There was nothing my parents could do to teach me about the dangers of school loans because it was a foreign concept to them. Millennial's were taught to go to college by any means necessary. But during their achievement of that goal the price of education skyrocketed and the jobs available to them plummeted. It is a position that their parent's couldn't truly have predicted unless they were an economist, and even then probably not.

FieryEscape's picture

I was born in 1975. The vast majority of people I know that are my age and older live paycheck to paycheck and have little in retirement savings. They blow their money on stupid things . Smoking , going out to eat, flashy cars , etc . Or they are broke and don't try very hard to get a better job. Content in just making it ...with no plan for the future. They blame their problems on others .

My DD is in college . I've tried to teach her basic life skills . She cracks me up sometimes , but she is far from helpless.

I have always worked hard . I value security . I have a 401k and savings . I own my own home .

As far as the health insurance debate on this post ....I'm annoyed . I am paying over 600 a month for just me . I think it's BS.