51–60 of 101 posts
Great, just as we have a historical shortage of workers
The hiring managers also had a position opening in 2019, cancelled it because pandemic, then 2 years later don’t think they have to inflation adjust the benefits package (~7%!)
Earlier quoted context omitted.
Not really. Most boomers and are not rich at all. Go to your local food store and you will probably find plenty of older employees...it's not just 20-somethings who are stuck in crappy professions or in a rut. Many boomers did not save for retirement and face the same problems young people do. Also there are plenty of 20 and 30-year-olds on Reddit (such as on investing and FIRE subs) and hacker news who have sizable…
I am sinking in debt thanks to my college, and you think boomers have that problem? No, they don't, and I wonder how old you are considering your views -- I honestly don't think you know any boomers with views like this, considering your only argument is the ones at grocery stores. My grandfather worked at a grocery store for 30 years and has a pension still going to this day. No jobs have pensions anymore. And I bet…
Earlier quoted context omitted.
Your anecdotes are absolutely not backed up by the data: https://www.marketwatch.com/story/this-depressing-chart-show...
That is a terrible chart. Of course share of wealth goes up as you get older - you’ve had more time to acquire it. They’ve attempted to adjust for age, but it’s not helpful when the oldest millennial has barely entered the workforce. The chart also ignore the population share of each generation - Baby boomers made up a massive part of the US population - 70M out of a population of about 210M (1980) or 33% when they h…
The oldest millennials are turning 40.
This sounds absolutely wonderful to me. At this point we have 2 generations straining for opportunities and advancement while the wealthiest and luckiest generation in the history of the country sits at the top of the ladder. Time for them to go enjoy their good fortune in Florida and let the rest of us crack into that turf they've been hoarding.
Earlier quoted context omitted.
Not really. Most boomers and are not rich at all. Go to your local food store and you will probably find plenty of older employees...it's not just 20-somethings who are stuck in crappy professions or in a rut. Many boomers did not save for retirement and face the same problems young people do. Also there are plenty of 20 and 30-year-olds on Reddit (such as on investing and FIRE subs) and hacker news who have sizable…
Except the vast majority of them own property that they originally purchased for under $50k which, if sold, would net them hundreds of thousands or even millions of dollars. Many of them are on pensions (something that doesn't even exist anymore), plus they receive social security payments.
Earlier quoted context omitted.
That is a terrible chart. Of course share of wealth goes up as you get older - you’ve had more time to acquire it. They’ve attempted to adjust for age, but it’s not helpful when the oldest millennial has barely entered the workforce. The chart also ignore the population share of each generation - Baby boomers made up a massive part of the US population - 70M out of a population of about 210M (1980) or 33% when they h…
> but it’s not helpful when the oldest millennial has barely entered the workforce. The oldest millennials are turning 40.
Earlier quoted context omitted.
Not really. Most boomers and are not rich at all. Go to your local food store and you will probably find plenty of older employees...it's not just 20-somethings who are stuck in crappy professions or in a rut. Many boomers did not save for retirement and face the same problems young people do. Also there are plenty of 20 and 30-year-olds on Reddit (such as on investing and FIRE subs) and hacker news who have sizable…
Except the vast majority of them own property that they originally purchased for under $50k which, if sold, would net them hundreds of thousands or even millions of dollars. Many of them are on pensions (something that doesn't even exist anymore), plus they receive social security payments.
Hmmm, looks like they changed their mind about the headline More Americans Are Considering Retirement Because of Covid - Bloomberg
rise in popularity of FIRE lifestyle with everyone in their late 20s too
At it's heart, FIRE is a reaction to how tenuous, unsustainable and unstable the job market has become in recent years. I don't particularly want to sit on the couch and binge Netflix, but I have such low faith that I'll be able to maintain decent employment that won't destroy my physical and mental health till the age of 67 that FIRE is a completely reasonable thing to aim for. The only unreasonable thing is the cor…