Oh, you millennials...

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brianmanahan

Lifer
Sep 2, 2006
24,302
5,731
136
We're not millennials and plenty of people our age HAVE TO both work. It depends on where you live, and that's true for millennials too - they can live in a flyover state and survive on a $100k income alone. We can't.

i bet plenty of families in your area survive on 100$k income alone
 

Aikouka

Lifer
Nov 27, 2001
30,383
912
126
I think part of the problem is that schools don't even think to give you a quick lesson on things such as savings, interest, etc. I wouldn't be surprised if people think that simply putting in whatever your company matches on your 401k is enough when that's definitely not the case -- especially considering the state of the market right now. I know some people say that it's the parent's job to teach that stuff, but if the point of public schooling is to teach kids to ready them for life, then I think that kind of counts a lot more than learning trigonometry for most.
 

dasherHampton

Platinum Member
Jan 19, 2018
2,543
488
96
Laugh at me all you want.

If I had kids I'd teach them about how the market works as soon as is possible. Along with a general allowance I'd allow them pick a share of stock on paper (with help).

When the stock goes up I'd give them a little extra allowance. Slowly I'd let them start to make their choices, and eventually I'd morph the process into them selecting single shares of stock completely on their own. They'd get any profit the stock makes.

If they tell me their choice for the week is a share of AAPL at $180 and it goes up to $185 I'd give them the $5. I'd have to figure out how to deal with losses because I'd obviously not make them pay me if the share tanks.

Everyone in every station of life should learn about the market as early as possible.

Edit - I just figured out how I'd deal with losses. I'd track them on paper and when they exceed $10 they'd lose their pick for the next week After that - clean slate. Start from $0.
 
Last edited:

BudAshes

Lifer
Jul 20, 2003
13,920
3,203
146
Then why is it that a good number of immigrants (namely, from certain countries [e.g. Nigeria]) are able to come up from dirt poor and easily make it here - but poor little basement dwelling millennials can't seem to fathom the concept of working hard? See my quote below:


https://www.bloomberg.com/view/arti...t-just-asian-immigrants-who-excel-in-the-u-s-

The answer is fucking obvious. When you live life always telling yourself (and others telling you) that "the man" is "keeping you down", then you're essentially just keeping yourself down. The american dream is alive and well, the problem is we have taught our children to expect it instead of reach for it.

From my experience baby boomers are by far the laziest and most entitled generation. Really no contest. Just ask their parents.
 
Reactions: ch33zw1z

Blackjack200

Lifer
May 28, 2007
15,995
1,685
126
Laugh at me all you want.

If I had kids I'd teach them about how the market works as soon as is possible. Along with a general allowance I'd allow them pick a share of stock on paper (with help).

When the stock goes up I'd give them a little extra allowance. Slowly I'd let them start to make their choices, and eventually I'd morph the process into them selecting single shares of stock completely on their own. They'd get any profit the stock makes.

If they tell me their choice for the week is a share of AAPL at $180 and it goes up to $185 I'd give them the $5. I'd have to figure out how to deal with losses because I'd obviously not make them pay me if the share tanks.

Everyone in every station of life should learn about the market as early as possible.

Edit - I just figured out how I'd deal with losses. I'd track them on paper and when they exceed $10 they'd lose their pick for the next week After that - clean slate. Start from $0.

LMAO, this is excellent.
 

Blackjack200

Lifer
May 28, 2007
15,995
1,685
126
I think part of the problem is that schools don't even think to give you a quick lesson on things such as savings, interest, etc. I wouldn't be surprised if people think that simply putting in whatever your company matches on your 401k is enough when that's definitely not the case -- especially considering the state of the market right now. I know some people say that it's the parent's job to teach that stuff, but if the point of public schooling is to teach kids to ready them for life, then I think that kind of counts a lot more than learning trigonometry for most.

There's no evidence that this stuff has any efficacy.

It turns out that if you don't have enough money to live, learning how to open savings accounts and pay off credit cards doesn't do shit.
 
Reactions: Red Squirrel
Nov 8, 2012
20,828
4,777
146
There's no evidence that this stuff has any efficacy.

It turns out that if you don't have enough money to live, learning how to open savings accounts and pay off credit cards doesn't do shit.

You are so retardedly wrong it's mind boggling.

You honestly think this? You would have to have a mental disorder to not understand that "the poor" that work commonly make tons of stupid mistakes in life such as eating snacks out of the vendor machine at work daily for $3.00 , buying lunch by going out instead of bringing it for $12.00, and having $5 coffee drinks at Starbucks 3-4 times a week. You might think that's little - you might feel entitled to such commodities in life - but that is absolute insanity to state that the bottom class of america doesn't have spending disorders and countless other problems that can be addressed through not being lazy and educating oneself.

Once again I go back to my point on how successful immigrants are and you have yet to offer any valid counterpoint.
 

rh71

No Lifer
Aug 28, 2001
52,856
1,048
126
i bet plenty of families in your area survive on 100$k income alone

A 1000sqft ranch costs $500k here. That's before the $12k/year in taxes. If you make $100k household, you're living in a shack. There aren't that many shacks here, sub-$350k.

Could you survive? Sure. Would anyone want to work that hard just to scrape by? No, which is why 2 incomes is almost req'd. Or just don't live here... I wouldn't if only 1 income. Hell I don't even think it's worth living here on 2 because of where the money goes and what we get in return, but that's another story.
 

Red Squirrel

No Lifer
May 24, 2003
67,917
12,379
126
www.anyf.ca
There's no evidence that this stuff has any efficacy.

It turns out that if you don't have enough money to live, learning how to open savings accounts and pay off credit cards doesn't do shit.

Exactly, costs of living are so high, you need a fairly decent paying job just to afford bills. Minimum wage wont cut it, and most new jobs now are minimum wage and part time. Lot of people have to work 3 jobs just to make ends meet. No amount of saving money is going to save them, because they have no money to save in first place.

That said saving money is good for when you DO have money to save and want to buy something. Don't buy stuff on credit, save up for it then buy it. So many people use credit for things that they should save for instead.
 
Reactions: Sonikku

urvile

Golden Member
Aug 3, 2017
1,575
474
96
What a load of shit. Just get an education and earn enough money. It's not hard. ;-P

Life is not easy whether you are a millineal or not. It is only what you can make it. Of course we all row with the oars god gave us.
 

ch33zw1z

Lifer
Nov 4, 2004
38,000
18,346
146
From my experience baby boomers are by far the laziest and most entitled generation. Really no contest. Just ask their parents.

And now ask their kids and grandkids, who have the choice of being lazy Bums or working their asses off for peanuts.
 

Micrornd

Golden Member
Mar 2, 2013
1,288
180
106
Does anyone know if Millennials will still get Participation Trophies when they retire or is there a lack of funding?
 

ch33zw1z

Lifer
Nov 4, 2004
38,000
18,346
146
Does anyone know if Millennials will still get Participation Trophies when they retire or is there a lack of funding?
You can again, blame their parents for that. It's not like millennials held town hall meeting with the school board to make sure that happen
 

zinfamous

No Lifer
Jul 12, 2006
110,810
29,564
146
You are so retardedly wrong it's mind boggling.

You honestly think this? You would have to have a mental disorder to not understand that "the poor" that work commonly make tons of stupid mistakes in life such as eating snacks out of the vendor machine at work daily for $3.00 , buying lunch by going out instead of bringing it for $12.00, and having $5 coffee drinks at Starbucks 3-4 times a week. You might think that's little - you might feel entitled to such commodities in life - but that is absolute insanity to state that the bottom class of america doesn't have spending disorders and countless other problems that can be addressed through not being lazy and educating oneself.

Once again I go back to my point on how successful immigrants are and you have yet to offer any valid counterpoint.

That's a pretty ridiculous blanket you have tossed out there. I don't know why you think "the working poor" have such frivolous money to spend on frivolous lunches and snacks when they simply don't have that money to spend. More often than not, they are eating rice and beans for less than $2 meal, quite regularly, and splurge on chicken thighs maybe once a week. It's not like you can squeeze blood from a turnip.

You are confusing the actual working poor for the somewhat better off lower middle class that indeed do tend to spend frivolous cash on frivolous meals when they would probably be better off not doing it, when they can actually afford to save. But then, perhaps these people are a bit happier in life? Perhaps that is better...I don't know.

It's a conservative wet dream to explain away that poverty is a simple equation of choice; you must and can only ever be this way because you choose it. Otherwise, the proud conservative has to accept that the holy market economy manages to fail a large segment of the population, purely by design. That is an abject lie. Yes, some people make terrible choices, or not the best choices. Then again, many, many people work their asses off with 2 jobs and can still barely afford to feed a couple of kids.

Properly educating oneself today, for actual jobs that will actually raise them out of robot-replacement-status, requires real time and guess what: real money. These are things that people don't really have when you are stuck in that pit. Often times people are born into it through no real choice of their own (a fact of reality that the typical American doesn't want to believe, because it rejects what is the outright myth of the "American Dream" in this modern world). Honestly, I think this type of working class poor is generally unavoidable without a real paradigm shift in societal acceptance of a new economic model. Social services that today are actually quite necessary to keep everyone wealthy and productive (even the wealthy that don't use these services directly, really do depend on the poor to use these services to not make the insurance, health care costs, and tax base of the wealthy that much more expensive), are just going to keep ballooning in order to keep the middle class and wealthier within their happy do-not-revolt bubbles.

That, or we start shifting towards some sort of workable basic income that replaces much of the societal welfare burden into an individual empowerment--the conservative wet dream--where you hopefully reduce the financial burden for the poor, to free up time and energy where even menial jobs still work for them, maybe even allow a little savings on the top, and even the middle class and wealthy now have a good punch of free spending cash to well, sock all the more away and improve the future wealth prospects of their human seed, or lease that stupidly useless American-made German car that they always wanted for no defensible reason. Everyone is happy!
 

Six

Senior member
Feb 29, 2000
523
34
91
I listed a job for an environmental services engineer, and some of the applicants have a bachelor's and military service. Is that what's needed to clean toilets nowadays?
 

ch33zw1z

Lifer
Nov 4, 2004
38,000
18,346
146
Maybe they thought you meant an actual environmental services engineer. If you google that term....it's not a janitor type description...
 
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