Tag: Millennials

A Message from the Lost Generation

COMMENT: I am a Millennial, a demographic that never had an opportunity to succeed in America. The existential trauma began in middle school when our teachers huddled us into a room to watch the Twin Towers burn down in real time. We do not remember life before the Patriot Act or school shooter drills. The war in the Middle East progressed over the years, and I attended the funerals of former classmates who died in Afghanistan and Iraq. The military seemed like a valid alternative considering the once-in-a-lifetime economic collapse.

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A Millennial Moment

Guest Post by Eric Peters

There is something worse than a generation gap. There is a worldview gap.

My generation – Generation X – was the last pre-computer generation and the last generation to reach adulthood before the Safety Cult had metastasized into a mainstream religion. When we were teenagers, we were expected to learn how to drive – because the cars wouldn’t do it for us.

We rose to the challenge.

Most of us learning to drive in cars with manual transmissions because back in the ’80s when we were teenagers, most of the cars within a teenager’s budget had manuals.

It was sink or swim.

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Doug Casey on the Truth About Millennials and the Next Crisis

Via International Man

International Man: Many people perceive Millennials to be entitled, spoiled snowflakes who refuse to work hard.

Whether or not this is true, Millennials as a group will soon surpass the number of baby boomers as the largest generational group.

How equipped is this soon-to-be dominant generation for handling a financial crisis, a major war, or civil unrest?

Doug Casey: According to William Strauss and Neil Howe in their book, The Fourth Turning, the Millennials should be a “Hero” Generation, set to face a huge threat to the country.

For previous so-called Hero Generations, the threats were the Great Depression and then World War II. The time from 1929 to 1946 was full of societally threatening events. Much like today.

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One huge reason millennials love gray-haired candidates like Bernie Sanders

Via Marketwatch

On the surface, the strong attraction that millennials have for the three senior-citizen Democrats running for president — Massachusetts Sen. Elizabeth Warren (who’s 70), former Vice President Joe Biden (77) and Vermont Sen. Bernie Sanders (78) — seems odd.

What on Earth would millennials — the first Americans to come of age in the 21st century, the first true digital generation — have in common with this trio of gray hairs?

Several things, actually, but here is the most important thread linking young and old: The candidates think that capitalism as we know it today isn’t working as it should, and that most Americans are getting the economic shaft. Millennials agree.

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Millennials In Panic As Outraged Boomers Threaten To Withhold Participation Trophies

Via The Babylon Bee

U.S.—The nation’s millennials are in a panic as baby boomers, feeling insulted by such things as the “OK Boomer” meme, have now threatened to withhold participation trophies.

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MILLENNIALS & GEN Z

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Millennials Really Do Ruin Everything, And Big Oil Is Next

Authored by Julianne Geiger via OilPrice.com,

It sounds harsh, but it’s true: millennials really do ruin everything. And the oil industry will be no exception. From talent acquisition to courting investors, to finding new end uses for petroleum, the oil industry is facing a whole new set of challenges – one that extends far beyond geopolitical risk premiums and barrel prices.

Oil companies who are quicker to adapt to this changing of the guard will have first pick of investment dollars and top talent, while those who are slow to change will get the leftovers.

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Tough Housing Market Forces More Millennials To Live In Van Down By The River

Via The Babylon Bee

U.S.—A tough, high-priced, and brutally competitive housing market is forcing more and more millennials to live in a van down by the river.

Many 20-30 somethings are also having to live on a steady diet of government cheese, sources confirmed. They also do a lot of doobie-rolling.

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Move Over, Millennials: GEN X Is The Generation In The Most Financial Trouble

Authored by Daisy Luther via The Organic Prepper blog,

Everyone picks on Millennials these days but a new study by Lending Tree shows that out of all the generations, Gen X is the one dealing with the deepest financial problems.

First, some definitions.

Gen Z or Centennials: Born 1996 – current day
Millennials: Born 1977 – 1995.
Gen X: Born 1965 – 1976.
Baby Boomers: Born 1946 – 1964.
The Silent Generation: Born 1945 or before

We all know that two major financial mistakes are getting into debt and failing to have an emergency fund. A recent study looked into the debt levels of each generation.

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Corporations Suddenly Realize That Once-Coveted Millennials Are A “Screwed Generation”

Via ZeroHedge

Right now, millennials represent the largest single consumer group in the United States: they number 83.1 million and they represent a full quarter of the US population. When it comes to corporations targeting consumers, millennials are at the top of the list for those obvious reasons, according to a new article by Adweek. But now, generational expert Alexis Abramson, who has 25 years experience in the field, is claiming that corporations aren’t getting the ROI that they anticipated from millennials.

“There was a great deal of interest [in millennials], but there wasn’t as much due diligence around that group,” she said. “We’ve generalized them as a certain type of person, [but] the reality is the rubber is meeting the road. Companies are starting to understand, ‘Wow, we’re not getting the ROI we thought we might’.”

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New Law Allows Parents To Abort Non-Viable Millennials

Via The Babylon Bee

RICHMOND, VA—A new law proposed by representatives in the Virginia state legislature would allow parents to abort their non-viable millennial children.

“Any child who’s 30 years old and still living with their parents is obviously a non-viable life form, and that’s between the parents and their doctor to discuss options,” said one representative defending the bill in the assembly. “The millennial can be kept comfortable in the basement while the mother decides if she wants to keep them. But that’s between her and her doctor.”

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What Gen Z Learned From Millennials: Skip College

Authored by Andrew Moran via LibertyNation.com,

Generation Z is already learning from the millennial generation’s mistakes…

For years, millennials have scoffed at the notion of fixing someone else’s toilet, installing elevators, or cleaning a patient’s teeth. Instead, they wanted to get educated in lesbian dance theory, gender studies, and how white people and western civilization destroyed the world. As a result, student loan debt has surpassed the $1 trillion mark, the youth unemployment rate hovers around 9%, and the most tech-savvy and educated generation is delaying adulthood.

But their generational successors are not making the same mistakes, choosing to put in a good day’s work rather than whining on Twitter about how “problematic” the TV series Seinfeld was. It appears that young folks are paying attention to the wisdom of Mike Rowe, the American television host who has highlighted the benefits and importance of trade schools and blue-collar work – he has also made headlines for poking fun at man-babies and so-called Starbucks shelters.

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Miseducated or Stupid?

Guest Post by Walter E. Williams

Miseducated or Stupid?

A recent Victims of Communism Memorial Foundation survey found that 51 percent of American millennials would rather live in a socialist or communist country than in a capitalist country. Only 42 percent prefer the latter. Twenty-five percent of millennials who know who Vladimir Lenin was view him favorably. Lenin was the first premier of the Union of Soviet Socialist Republics. Half of millennials have never heard of Communist Mao Zedong, who ruled China from 1949 to 1959 and was responsible for the deaths of 45 million Chinese people.

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Are Millennials About To Get Slaughtered?

Authored by Kevin Muir via The Macro Tourist blog,

The other day I wrote a piece “When will chasing the hot stock no longer work?” which outlined how “price momentum” was the main driving factor during the recent stock market rally. I went through how value stocks have been sucking wind ever since the Great Financial Crisis.

The article got a lot of feedback, but there was one email that I wanted to share. It comes from Andy Mayer – Albion Green founder – a financial markets trainer, lecturer, consultant, and just all-around-good-guy. He sent me an interaction he had with one of his students:

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The Millennial Crisis

Guest Post by Martin Armstrong

There is a serious economic crisis brewing that few seem to be paying attention. According to a new survey from Zillow Group Inc. (ZG – Get Report), approximately 22.5% of millennials ages 24 through 36 are living at home with their moms or both parents, up nine percentage points since 2005 which was 13.5% and the most in any year in the last decade.

Between the student loans which cannot be discharged thanks to the Clintons (to get the support of bankers) even after they find that degrees are worthless when 60% of graduates cannot find employment with such a degree and the fact that taxes have escalated to nearly doubling over the last 20 years that is predominantly state and local, the affordability of buying a home has been fading fast. Despite the fact that millennials are eager to enter the real estate market, they’re bearing the brunt of the challenge directly caused by the combination of taxes and nondischargeable student loans.

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