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/biz/ - Business & Finance


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17615251 No.17615251[DELETED]  [Reply] [Original]

Looking for input from older anons, Boomers seem like they had an easy ride in comparison.

>Be Boomer
>Fuck around all your teenage years, don't need particularly good grades or anything.
>Graduate HS
>Get literally any job, which tend to be stable and unlikely to lay you off.
>Enough to support a family of four with a house, medical insurance, college savings, etc.
>Don't really pay attention to personal finances.
>Still do okay in retirement due to generous pensions and high 401k matching.
>If you did decide to go to any college, make this 3x easier to accomplish, graduate school even more, barely any loans to go to either.
>Buy house for 30k, now worth 800k.

>Average Millennial.
>From grade school onward, you need to be in the top 20% of your class/have family connections or you are fucked.
>Unless you are very lucky or very motivated, college costs tons of money, graduate school even more.
>Costs of everything have gone up, while salaries have remained flat.
>Almost impossible to find housing 2.5x-4x your income in the relevant areas where the jobs are.
>If you are lucky or part of the top 20% you may be able to afford one, maybe two children if you sacrifice almost everything for it.
>If you don't have a complete mastery of personal finance and actively plan your retirement from before 30 onward, you are fucked.
>Boomers leech your salary your entire life and then want to cut SS and Medicare for you.

>> No.17615271

>>17615251

Financially, that is, since this is a business board.

>> No.17615552

>>17615251
You forgot to add boomers getting rekt by shaniqua in the nursing home

>> No.17615587

>>17615251
Boomers are heavily in denial about the economic landscape they inherited. If you talk with them 99% will insist they made it through hard work.

>> No.17615590

>>17615251
oh look another spineless zoomer blaming his shitty life on muh boomer boogeyman

>> No.17615618

>>17615590

Not blaming my life, just want to see if the Boomers faced any of the challenges we did when they were younger.

>> No.17615659
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17615659

>>17615590
See what I mean?

>> No.17615664

>>17615618
they literally fell out of bed and into riches, they never had to struggle or strive for anything, no heartbreaks, no illness, no death of friends and family. thats what you zoomers unironically believe amirite

>> No.17615683

>>17615664

Stop being a troll and tell me how Boomers, on a generational rather than individual level, legitimately had it harder than younger generations.

>> No.17615768

>>17615251
Join the fucking army you pussies, theres no combat anymore and they will either pay off your school debt or give you free schooling

Then get out and go to grad school and slay it

Stop making excuses

>> No.17615793
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17615793

>>17615768
>just die for the state of israel, goyim
Reminder boomers have no conviction or independent thought

>> No.17615799

>>17615664
No, we believe that you've had one or two interviews in your entire life, not one or two hundred

>> No.17615829

yes they did

>> No.17615983

>>17615251

Here in the EU

>pay maybe 1 month into pension funds before retirement
>get paid for the rest of their life
>literally all you have to do to make good money is buy stocks or real estate

vs

>forced to pay ~4.5% of salary into pension fund
>will never receive a pension
>taxes are 6 times as high
>money is worth 12 times less
>before taxes wage are the same as boomer childhood

But we have crypto and they have jewish paper wealth, so it'll all balance out

>> No.17616074
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17616074

Boomers were the like the native Indians given flowery promises of wealth and ease. Once they said yes and allowed the corporations to rule, the corporations including government tightened up and became vile masters under the guise of capitalism in the west and communism in the east.

But we will flip this narrative. With blockchain automated technology (smart contracts) we don’t need corporations with their semi-communist bureaucracy. Humans will be the masters once again. Humans made the machine in their own likeness!


...until the machines revolt, but that’s a few generations away.

>> No.17616076

I'm an old millennial (37) with 4 kids and a house. I know of literally no one my age who has my lifestyle. Like I have friends with a house but no kids, or some with kids but they rent. Stuff is really bad for most of us.

>> No.17616106

>>>/Pol/
MOOOOOOODS, some /Pol/ack wants to be send back

>> No.17616153

Old enough to remember JFK get shot. Dad died freshman year high school. Mother invalid. Poor. Like not enough decent food all the time. Literally not as tall as I would be if I had enough food to grow out. Started age 14 janitor at elementary school. McDonalds 430am shift breakfast weekends. Construction summer $2.30 an hour and they were crooks taking a cut %. Pumped gas in an actual slum. Shotgun in owners car when we made runs to bank to drop cash. Got a year scholarship to top college because grades and test scores and dirt poor. Janitor at college work study. Engineering. Pizza joint, medical experiments. Freelance stock column local paper. Loans up the wazoo. Hustled hard to get a job, saved my money, paid off student loans in 3 years so no interest kill, company car. Saw dead end, went to grad school, more loans, live in moldy basements. Power level growing. Realize I can do anything I decide to do. Did it. So sick of this boomers had it easy bullshit. Plenty of guys smarter than me and rich to start ending up hanging drywall after drinking flunking out. Nothing different today about back then.
NOTHING. It's why illiterate immigrants with talent and hustle make it. Millennials have no excuse.

>> No.17616308

>>17616153

$2.30 an hour back when you were growing up is equivalent to $18/hour today...more than double the minimum wage many millenials or making or close to it.

>> No.17616310

Careerwise yes, anyone could get an entry level job fresh out of college and the cost of living was way cheaper. Growing up for them was rough but it was much easier to go from working poor to middle class. My grandma had a job as a switchboard operator at a local university so my mom and siblings all went there for half price. Mind you this was a private university and tuition was less than $4000/year compared to $50k now. This is just the experience from my family but everyone in their neighborhood was in a similar circumstance.

>> No.17616334

>>17616308
This. Boomers don't seem to understand inflation, yet they're the ones selling a 30k house for 250k. Go figure.

>> No.17616513

Even if we go with the boomer opinion that young people are these hopeless caricature crybaby dumb fucks, it still just points to a failure in parenting and/or a failure to safeguard and propogate a functional culture. Like spoiling a child rotten and then complaining when the child throws a tantrum over something minor, as if it's the child's fault. That's the individualism people are referring to.

>> No.17616540

>>17616153
>Literally not as tall as I would be if I had enough food to grow out
cope, there's no way to actually know this

>> No.17616789

>>17616153
nicely done. enjoy your success.

>> No.17617052
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17617052

>>17616513
Excellent point, perhaps many of them weren't fit to be parents but had children anyways because everything was so much cheaper back then. I mean I would consider having children if I thought their future would be decent, but the way things are going I don't see the next generation doing well financially and or happiness wise.

>> No.17617213

>>17616153
>doesn’t understand inflation
OK
B O O M E R

>> No.17617237

>>17616153
>Hustled hard to get a job
How many interviews were you rejected from? How many jobs were you passed over for women and minorities? How much did your education cost?

>> No.17617477

>>17615664
>no heartbreaks, no illness, no death of friends and family
oh wow boo fucking hoo you had to deal with the absolute basics of human existence your life was so000oooooo hard

>> No.17617511

BOOMERS SOLD YOU OUT FOR EASY MONEY.

>> No.17617860

You guys have to be absolutely fucking delusional to believe that boomers had it easier than us. This whole generational issue you dreamed up is just as embarrassing as people crying racism/sexism/etc. Pathetic.

>> No.17617884

>>17617860
boomers didn't have to see niggers, spics, moors or pajeets where I live, it's impossible not to get agoraphobia when going out is an insult to your senses

>> No.17617983

>>17616153
>$2.30 an hour
So basically more than twice as most minimum wage jobs today. At 14 years old. Lol if you struggled during your life, it's because you fucking sucked.

>> No.17618071

>>17617860
Insane you could actually believe this.

>> No.17618101

>>17617860
>You guys have to be absolutely fucking delusional to believe that boomers had it easier than us
Lower wages relative to inflation, more expensive living costs, more expensive housing, more expensive healthcare, more expensive vehicles, lower quality products, companies no longer give out pensions, can't even buy smokes at 18, college costs trillion percent higher, degrees mandatory for non-blue collar work, still can't get a job with degree since everyone has a degree, tens of thousands of dollars of debt out of college, told to give a firm handshake a smile to get jobs.

I hope you know that the birthrates of American has fallen to the lowest it has ever been in around 80 years. Immigration now makes up more than 50% of America's population growth. People my age (24) literally cannot afford to have children, because they are either living with their parents and going to college, or are working two jobs unrelated to their degree just to pay the minimum payment for their college debt. You maggots fucked this generation over so hard, it's laughable. Your great grandchildren will read about your generation in textbooks as one of the greatest evils to have ever existed in this country. And before you start talking about how i'm just bitching because i've never worked hard, I've been in the military since 18 years old and don't have to worry about the majority of the issues I brought up (free college, free healthcare, pension, etc.)

So to conclude my rant, I would just like to say that your children, and their children, are going to live much happier lives when you and your entire generation are buried in the fucking mud.

>> No.17618167

>>17615251
>be from former eastern bloc country
>now your boomers lived in the hellhole all their lives
in the end they got the state apartments for few bucks, but nothing to envy

>> No.17618214
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17618214

>>17617860
Millennial and Gen Z objectively have it worse. They are making much less than their older counterparts did when they were their age. Further the amount of total wealth they have is much lower than Boomers had at the same age. Boomers have sucked as much money as they could out of the economy and the sooner Corona-chan takes care of them the better.

>> No.17618230

>>17616153
sounds like everyone's life that isnt from a rich family you fucking moron.

>> No.17618352

>>17616153
>lenty of guys smarter than me and rich to start ending up hanging drywall after drinking flunking out.

Typical boomer shitting on tradesmen. There's so much demand, so few skilled workers and so much work they can pick and choose which projects they want to take and charge out the ass. They also have the benefit of performing work that, unlike the work of most people in the economy your generation created, results in a tangible gain to society.

Like another anon said, you don't understand inflation. The wages you earned were high, at the time.

>> No.17618876

>>17615799
Imagine being this much of a boomer

>> No.17618929

>>17616308
This is exactly it, I graduated college 7 years ago and I just recently got a promotion and am making $17 per hour.

If wages kept up with inflation, then millenials would have no excuse

>> No.17619080
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17619080

>>17615251
Im making less than my dad at the same age in NOMINAL terms and i have a college degree he doesnt

>> No.17619264

You can't really blame boomers for what they had and where it got them. They lived in the peak of human civilization, a place men have toiled for millennia to create. If we were in their shoes right now, we would say the same things they are saying. It has always been that way.

That said, they are blind to the realities of today because their situation allowed themselves to ascend above it, and put themselves in a situation where they are shielded from it. Which anyone with any sense of self preservation would do. We can only hope to understand our current situation and rise out of it, and join them in the clouds of wealth.

>> No.17619281

birth is destiny. the more you dissect the circumstances of your birth and the environment you live in, the easier it gets to exploit your advantages and benefit from them.

>> No.17619289

The boomers rode the largest middle class economic boom of all time. Literally no one before or after them has had it so good.

>> No.17619393

>>17615664
Lol I woke up to $link in this generation, what did they have?? The last industrial revolution was when?

>> No.17619602

>>17616153
you are a complete retard. read what you wrote. YES you had it fucking EASY.

>> No.17619645

https://www.usatoday.com/story/money/2017/01/13/millennials-falling-behind-boomer-parents/96530338/

>> No.17619664

>>17619645
20%? Its more like 50%

>> No.17619713

Boomers grew up with their head up their ass so they dont understand basic realities of the world they created. Just off inflation alone you can see that its a completely different world than they lived in, you could just go get any ok job and be set for life in that era, meanwhile minimum wage stopped growing in relation to the economy in the 80s. We've never even seen a fair world and they grew up in one that sucked their dick which is why theyre old as shit and still ruining everything by voting like children