Data and graphs showing millenials' bad economic odds
washingtonpost.com
Data and graphs showing millenials' bad economic odds
1–10 of 81 posts
Re: Data and graphs showing millenials' bad economic odds
#2I question whether these generational comparisons are using the right statistics. In the very least they don't seem to paint a complete picture.
Maybe I am biased because I'm a very successful millennial. I have the world at my hands. Access to written knowledge from any point in the history of time. Tens of thousands of video games and movies available for under $10 and/or a small subscription price. I can learn the arts, pick up any hobby, or even teach myself to code for free. I can fly around the world and stay in hostels in other countries at the same price (or cheaper than) I pay rent in the US. If I run out of tp it is delivered to my doorstep the next day.
Sure, I make a lot of money and still can hardly afford a house. I graduated with more student loan debt than both my parents combined. They had different experiences in those regards. But I wouldn't trade my life in this millennial generation, for a life in the boomer generation, for anything.
Re: Data and graphs showing millenials' bad economic odds
#3I question whether these generational comparisons are using the right statistics. In the very least they don't seem to paint a complete picture. Maybe I am biased because I'm a very successful millennial. I have the world at my hands. Access to written knowledge from any point in the history of time. Tens of thousands of video games and movies available for under $10 and/or a small subscription price. I can learn the…
You are biased due to that. There aren't that many high-paying jobs in the economy overall. Home ownership was usually the only tangible payoff for ordinary people.
https://danielmiessler.com/projects/reading/summary-the-war-...
Re: Data and graphs showing millenials' bad economic odds
#4I question whether these generational comparisons are using the right statistics. In the very least they don't seem to paint a complete picture. Maybe I am biased because I'm a very successful millennial. I have the world at my hands. Access to written knowledge from any point in the history of time. Tens of thousands of video games and movies available for under $10 and/or a small subscription price. I can learn the…
Interesting point. It's similar to how we consider inflation with regards to technological advancements. A cell phone still costs the same it did 10 years ago, but it's 5 times are fast now, so it actually got cheaper for that purpose.
The car you can buy today is many times better than any car you could've bought 50 years ago. Relatively, both you and your parents could buy a car, and they may have more money to spare than you would today. But they were definitely unable to buy a car that's anywhere near as good as what you can buy today.
Re: Data and graphs showing millenials' bad economic odds
#5I question whether these generational comparisons are using the right statistics. In the very least they don't seem to paint a complete picture. Maybe I am biased because I'm a very successful millennial. I have the world at my hands. Access to written knowledge from any point in the history of time. Tens of thousands of video games and movies available for under $10 and/or a small subscription price. I can learn the…
You are biased due to that. There aren't that many high-paying jobs in the economy overall. Home ownership was usually the only tangible payoff for ordinary people. https://danielmiessler.com/projects/reading/summary-the-war-...
Sure, but my high salary doesn't enable any of the things I mentioned. I'm still capable of making observations about the world around me; my friends, family, who have low salaries have access to these things and are seemingly able to achieve happiness through them.
I am NOT saying the article is wrong by any means, only that there are other considerations as well, which are always ignored in generational comparisons.
Re: Data and graphs showing millenials' bad economic odds
#6I question whether these generational comparisons are using the right statistics. In the very least they don't seem to paint a complete picture. Maybe I am biased because I'm a very successful millennial. I have the world at my hands. Access to written knowledge from any point in the history of time. Tens of thousands of video games and movies available for under $10 and/or a small subscription price. I can learn the…
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Re: Data and graphs showing millenials' bad economic odds
#7Reading this article as a millennial really hits home as I remember entering the workforce as a teenager mid 2001 as soon as I could drive (months before 9/11), re-entering the workforce as a young adult early 2008 as soon as I had a degree (months before the great recession), then building a company as an adult for two years and launching it January 2020 (months before the end of the world).
There have been no breaks. Nothing has been easy. I don't really know what true success looks like... I struggle and by the skin of my teeth (and now my family's teeth) and the hits just keep coming. We have a house, but I literally fought for it with every ounce of effort I had and got extremely lucky.
This is our version of success; we enjoy rays of sunshine from the eyes of hurricanes.
Re: Data and graphs showing millenials' bad economic odds
#8I question whether these generational comparisons are using the right statistics. In the very least they don't seem to paint a complete picture. Maybe I am biased because I'm a very successful millennial. I have the world at my hands. Access to written knowledge from any point in the history of time. Tens of thousands of video games and movies available for under $10 and/or a small subscription price. I can learn the…
That's great you've been successful. However, since your story doesn't mirror the majority of your peers, consider yourself an outlier.
What can you do to help more people become as financially successful as you are?
Re: Data and graphs showing millenials' bad economic odds
#9Reading this article as a millennial really hits home as I remember entering the workforce as a teenager mid 2001 as soon as I could drive (months before 9/11), re-entering the workforce as a young adult early 2008 as soon as I had a degree (months before the great recession), then building a company as an adult for two years and launching it January 2020 (months before the end of the world). There have been no break…
I've had a similar trajectory. Graduated college in 2008. Just decided to purchase my first home a few months ago, signed the contract literally a few weeks before covid.
Re: Data and graphs showing millenials' bad economic odds
#10It's interesting the Lost generation, 100 years ago, fairs the next worse, and most similarly to millennials.
I re-read The Sun Also Rises[1] yesterday. You could change the names and it'd be the story of plenty of people I know today. History repeats itself.
[1] https://en.wikipedia.org/wiki/The_Sun_Also_Rises - if you haven't read it, it's the best book.