A generation accustomed to financial challenges is dealing with their recession fears through wry TikToks and by swapping cost-cutting suggestions online.
Millennials are worried they are about to experience a “once-in-a-lifetime” recession. Again.
Dire economic downturns are supposed to be rare, but millennials — defined by the Pew Research Center as those born between 1981 and 1996 — have already had several recessions during formative stages of their lives, from the dot-com bubble burst when most were children, to the Great Recession as they entered the workforce after college, to the Covid-19 pandemic when they were trying to settle into their careers.
Once dubbed the “unluckiest generation,” millennials have postponed major milestones during past recessions. A significant slice of them graduated college between 2007 and 2009 and struggled to find jobs, which led them to delay buying homes, getting married, and making major purchases, such as cars. Then, after the pandemic led to another sharp recession, some millennials, contending with student loans and rising costs of living, decided to rethink having kids.
WTF? Only Gen Y lived through these things?
This is a fluff peice to tell people they are passive and don’t need to shoot or stab oligarchs in self defence.
https://m.youtube.com/watch?v=fXmesegG-Bo
(luckily it’s easy to stop being rich)
Reformists can keep calling their representatives and organizing to support election voracity and voting rights ig. But like maybe do it more or harder than before? thx!
That’s a weird way of writing “millenials are ready to bring back the guillotine”
Have I mentioned I still can’t afford a house? K. Thx
19000 dollars just to birth a kid without insurance.
Ive read this title a few times now over the last ten years. It’s not millenials, it’s rich vs poor. All generations get fucked by the rich and all generations don’t want to live through hard times because of what’s obviously being caused by the pricks in charge of things.
Millennials were fucked repeatedly by the economy and still are and now other generations. But nah let’s let these boomer assholes just destroy everything and turn the country into a giant trailer park of inbreds.
This is such an easy problem to solve.
Let them repeal Medicare.
Within a month either half the boomers will be dying, OR, you’ll have an army of 5 million boomers charging the white house to gadaffi the orange fuck unless he gives them back their viagra.
Or.Suspend social security, if you want to guarantee the latter.
Those outcomes are the explicit reasons they HAVEN’T repealed those programs in the past. Gutted them several times over, turned them into money piles for The Rich, yes, but never, EVER actually tried to repeal them. They’ve campaigned against these programs for DECADES, screaming about how awful they are, how they’ll get rid of them and then everyone will be wealthy, for YEARS!!!
But they haven’t. As a political scapegoat, they’re too damn useful; they consistently get a major voting bloc motivated and just plain angry enough to head to the polls and knowingly, openly vote against their own interests. But more than that, they know that those same people, the ones frothing at the mouth against the immigrant, the queer, and the minority, are the ones who will suffer most should these programs fail, leading them to direct their anger at those who caused it.
And so, the programs persist, for should they actually fail, heads will roll…
Which is exactly why we should encourage them to grab that third rail with both hands and not let go.
I want to see a president face a real-time, physical referendum on their performance.
I’m pretty sure a lot of us don’t want to live… Like at all.
This, when you literally have nothing, no house, crap car, what’s health insurance? Assets, investments, or any type of security that has interest for the seeable future, in relation to the infrastructure of our economy regarding most of what we get from our paycheck. Add inflation to most things, what in the hell is a savings account? And then cost of living, food prices and just barely the necessities and sustainability within the human life to attain just the basic needs. I mean damn we are not asking for much. Then you get several out comes, passiveness, passive suicide ideation, suicide, suicide ideation, nihilism (my favorite), and last apathetic. Because it’s not like we have anything to loose because we couldn’t ever afford to, to begin with. You either are a nepo/trust fund baby who was born into wealth, or you are poor like the rest of us in our generation. I mean shit how many screwed up world wide event of an economy crashes did we live through? So this comment is so real and so relatable.
I heard scrap mining electronics from the 2000’s is quite the rage.
Nah the rage is just the heavy metals toxicity
Still healthier than the metal industry.
I hope they realize this is different.
The world is selling off our debt and the bleed out has begun.
This is the loss of the world’s reserve currency status. This is waaaaayyy beyond what they have ever experienced and will ever experience.
I’m willing to bet the euro will take its place.
As a millennial, this is part of why I’m seriously exploring the possibility of moving to the EU permanently.
As a non-US person, I can’t fathom why anyone would want to live in the US as a life choice. A few years to check it out? Sure. But for life? Hell, no. It offers little and is lacking or very low quality in many essentials the rest of us consider standard. It’s like choosing Hard mode without any extra reward or exp for the troubles.
I mean, why would anyone want to live in Venezuela as a life choice? Typically, those who would really like to leave don’t have the means to, and those who have the means to leave don’t have a real reason to. This current shake up is concerning, but you have to also understand that most people’s lives don’t revolve around the actions of the federal government. They revolve around the social connections they’ve made, the physical things they own or have built, and the places that they know and call home. Leaving means losing all of those things. And my perspective, as a blue tribe member in the US, is that most of my friends are watching this unfold with a worried grimace, but with an assumption that we’ll oust the dumbass from office in the next election and begin the work of rebuilding what he broke. In the meantime, they are worried about raising their kids, fixing up their houses, building their businesses or advancing in their careers, going on dates and finding partners, staying fit and healthy, and all the other things people really tend to spend their time thinking about.
Depends on the distribution of income that you are aiming for. If you are young and working in an in demand job like tech or finance you can mint money in the US. Capital gains are really low and you don’t need a lot to be spent on insurance so you can go for the HSA. Things start changing once you are mid career and have kids. US is not a safe place for kids to grow up and the lifestyle is extremely stressful because you have no safety nets if you lose your job.
It’s hard to move. It isn’t like the EU where you’re a few hours away from everything. I’ve wanted to move to the EU for years now but it’s really really hard for me to work toward it since there are so many things made harder when it takes 20+ hours for me to travel.
A lot of us are stuck here. I’m an almost 40 year old “uneducated” factory worker so that means no country worth a shit would ever allow a worthless shitbag like me citizenship. I wish I could leave.
Ugh this breaks my heart. And I don’t see a lot of job opportunities for people reaching into their 40s or even 50s. What job is gonna hire an individual as such? The worst is when you are close to your retirement and they do a massive layoffs. And they always cut those who have dedicated their self to a non loyalty company. Because there’s never loyalty in any occupation/field when it comes to retirement or pension. They’ll just fire you, terminate and layoffs. Ha America is a 4th world country.
We had been mulling over the idea of leaving, but then my husband was diagnosed with Stage 4 cancer in Nov. He says he’s now tainted, but if it gets too bad our son and I can leave; it’s just a sad future no matter how I spin it at this point.
I can’t fathom why anyone would want to live in the US as a life choice.
It boils down to what it always does. Some places are worse and those places have people that want something better, while there are also places that are way better but they mostly have immigration laws that are just as strict as our own while almost all of us have family ties in our country of origin.
If I had been capable of getting a PhD in my hard science of choice then went on to make bank after college, you better believe i’d be residing in one of my (pipe)dream countries around the EU.
Fuck off! I thought of that first!
I thought of it third, so you don’t fuck off.
I got my family out 2 years ago, I’m mostly out.
Fuck my country has become such an epic shit hole.
This is going to be a depression, not a recession.
Well three recessions should equal a depression. So millennials are good.
I just want a fucking house and freedom to live as I please
Security has been the one thing I’ve lacked my entire life. I haven’t lived in any location for longer than 4 years ever, even in childhood… I’m so fucking sick of moving and not having a “home.”
The way things are going though I’ve completely given up on it. I’ve been single for almost a decade now and house prices have gone so absurd that there’s no way I’m doing it on a single income.
Yeah, we were going to start looking in earnest next year if things looked positive.
Now my downpayment funds are looking like a “flee the country with my naturalized citizen spouse” funds
When the housing crisis occured I remember having to find a job in that market. It took me close to 5 years to “recover”. It sets you back when almost everyone you know can’t get a job.
This time around there’s real talk from industry leaders to just have AI do intelligent work. It does not really matter if they can if the elites just want to burn their money and not pay anyone. The money gets siphoned up not spread around this way. At least it feels like it.
Because of the last couple of world changing events, the family has been getting pretty good at canning, food saving, water saving, and knowing our community. It helped out last two times things went to shit.
I remember the OPEC oil crisis. This is not like any of the recessions I’ve lived through so far.
This’ll be closer to the collapse of the Soviet Union, when living in said union.
I plan to Die at 50 so eh.
I wonder how many millenials have that same exit plan.
Cant say mellinials didnt vote for this. Basically a 50/50 vote between Trump and Harris.
This is an exit poll, not real numbers from the election.
Considering that Harris won the groups both 18-29 and 30-44 years of age (the two that include millennials), I’m not sure what your point is. Seems to me like they didn’t, in fact, vote for this.
So… an equal amount specifically requested the opposite of this? If you can’t say they didn’t vote for it, then by the same measure you can’t say they didn’t vote against it.
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