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It's over for younger generations, GTFIH! (economics thread)
12-18-2020, 02:33 AM
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It's over for younger generations, GTFIH! (economics thread)
In light of the billionaire thread and them getting richer than ever before, let's look at the average millenial Joe and how fcked the younger generations really are:
https://forum.obnoxiousbrutes.com/showt...hp?t=179436943
Let's look at some graphs:








Younger generations are so fcked. Wanting a normal typcial middle class life is now getting harder than ever for the average western person. I'm also leaving out other metrics like the massive student debt some carry.
So cliffs:
- more productive jobs (aka more stress)
- stagnating wages
- no more life long guaranteed jobs with benefits like pensions, etc
- globalism making you compete with workers around the world
- rising housing prices
- basic living costs higher than ever
- unstable longterm job outlooks
- ...
The debt you accumulate if you still want to buy a house, etc also fcks up your ability to save money. You're also buying at the top of the housing market, carrying huge risks that sooner or later prices will fall. Less money, more long term debt payments ****s you up even further when you want have a family and a couple of kids,...
One "positive" note is the large wealth transfers that are going to happen when the boomers die but problem is people live longer so you'll have to wait a long time for that wealth to come your way.
It's over if you're an average wageslave. And it's completely over if you're never going to see any serious inheritance money.
https://forum.obnoxiousbrutes.com/showt...hp?t=179436943
Let's look at some graphs:






Younger generations are so fcked. Wanting a normal typcial middle class life is now getting harder than ever for the average western person. I'm also leaving out other metrics like the massive student debt some carry.
So cliffs:
- more productive jobs (aka more stress)
- stagnating wages
- no more life long guaranteed jobs with benefits like pensions, etc
- globalism making you compete with workers around the world
- rising housing prices
- basic living costs higher than ever
- unstable longterm job outlooks
- ...
The debt you accumulate if you still want to buy a house, etc also fcks up your ability to save money. You're also buying at the top of the housing market, carrying huge risks that sooner or later prices will fall. Less money, more long term debt payments ****s you up even further when you want have a family and a couple of kids,...
One "positive" note is the large wealth transfers that are going to happen when the boomers die but problem is people live longer so you'll have to wait a long time for that wealth to come your way.
It's over if you're an average wageslave. And it's completely over if you're never going to see any serious inheritance money.
12-18-2020, 02:35 AM
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Too young to exploit the world like a 80s hukster, too old to start over.
But just aged right right to burn the house down with the banksters and their friends tied up inside.

But just aged right right to burn the house down with the banksters and their friends tied up inside.

12-18-2020, 02:41 AM
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Originally Posted By EmmaW4tson⏩
Don't understand how they can sleep at night, haven't they learned anything from history?Too young to exploit the world like a 80s hukster, too old to start over.
But just aged right right to burn the house down with the banksters and their friends tied up inside.

But just aged right right to burn the house down with the banksters and their friends tied up inside.

12-18-2020, 02:43 AM
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12-18-2020, 02:43 AM
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Ow yeah another important point I forgot to mention but is also very relevant to the economical situation of younger generations:
Less relationships, more singles than ever before,... -> less purchasing power if you want to buy a house,...
Less relationships, more singles than ever before,... -> less purchasing power if you want to buy a house,...
12-18-2020, 02:46 AM
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Originally Posted By ****inator⏩
Like how great totalitarian regimes like communism and fascism work?Don't understand how they can sleep at night, haven't they learned anything from history?
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
12-18-2020, 02:47 AM
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Originally Posted By SPP1⏩
Agree with this but not everyone can be an entrepreneur. And that also won't last, for example small internet shops have a harder time competing with the big boys.Today is arguably the easiest time in history to make money.
Most people will still be a wageslave and they're ****ed.
12-18-2020, 02:48 AM
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for men ,queers, fat chicks,ugly chicks ,short ugly fat chicks ... yes its done.... their game has been over since the last decade.
the only one who have been/will keep doing it right is the social media whores and these billionaire tycoons ..... 17 and 18 year old whores will keep selling their bodies to these old fat santa looking drunk grandpas for $$$$$
game is over brehs
the only one who have been/will keep doing it right is the social media whores and these billionaire tycoons ..... 17 and 18 year old whores will keep selling their bodies to these old fat santa looking drunk grandpas for $$$$$
game is over brehs
Cherish your life. Live to tell your story
12-18-2020, 02:49 AM
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Originally Posted By wave_length⏩
Lol I'm not advocating for communism but I can also admit and see the faults of the neo liberal capitalist system we live in today. Or do you think capitalism is a perfect system?Like how great totalitarian regimes like communism and fascism work?
12-18-2020, 02:49 AM
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Sure it's a problem, what is a solution?
12-18-2020, 02:53 AM
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Originally Posted By PenorBrahNoHomo⏩
We'll have to look at more than just the economic part to fix it. The cultural/social part is just as important. I have some ideas to fix it but no system is perfect.Sure it's a problem, what is a solution?
One thing's for sure, things can't continue this way.
12-18-2020, 02:55 AM
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Originally Posted By Anachron⏩
You really are the worst miscer ever. Congrats *******OP's solution seems to be to whine about it online.

12-18-2020, 02:59 AM
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Yesterday I read an article that ran counter. I'll post it below.
The American dream isn't dead
https://www.washingtonexaminer.com/o...ream-isnt-dead
The American dream is dead. Or at least, that’s the bipartisan conventional wisdom among a healthy portion of our leadership class. Donald Trump said as much during the announcement of his 2016 presidential bid (“But if I get elected president, I will bring it back bigger and better and stronger than ever before,” he assured his audience). His “American carnage” narrative was mirrored by his counterparts on the populist Left: “For many,” Sen. Bernie Sanders tweeted in 2016, “the American Dream has become a nightmare.”
But if a new Echelon Insights study commissioned by the Walton Foundation is to be believed, most of the country (or at least the ones who live outside of the Washington beltway) don’t see it that way. Most notably, young people and nonwhites (the very people who demagogues such as Sanders hold up as the most downtrodden victims of the system) are far more optimistic about their prospects than elite narratives would lead us to believe.
The Echelon Insights study “surveyed a diverse and representative sample of 2,002 members of Generation Z (ages 13-23) and 2,002 Millennials (ages 24–39) across the United States, followed by in-depth conversations with 146 additional respondents in these age groups.” The result? “Millennials and Generation Z are optimistic about their future, and two-thirds believe the American Dream is achievable,” according to a Walton Family Foundation press release. “Nearly half of young Americans expect to have a life better than their parents — with Black, Latino and Asian respondents reporting greater optimism.”
The lattermost point is particularly important in light of the pervasive 1619 Project-style racial pessimism that dominates our elite institutions: A plurality of every racial subgroup in the Generation Z and millennial demographics told pollsters that they expect to have a better life than their parents, but nonwhite Generation Zers and millennials were significantly more likely to express this belief, all in decisive majorities, than their white peers.
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To live a better life than one’s parents, and to know that one’s children can reasonably expect the same, is the simple yet humbly miraculous essence of the American dream. And it is a misunderstanding to think of this exclusively in terms of material wealth. Attempts to measure the “health” of the American dream in purely economic terms have always had limited utility; the promise of America is, first and foremost, a fundamentally spiritual one.
Perhaps the most heartening feature of the Walton study is the fact that young people intrinsically seem to understand this: “The American dream,” as one young respondent told pollsters, “is not about the items but the opportunity you have.” Or alternatively, in the words of another: “I believe the American dream is built upon the notion that anyone regardless of race and gender would have the opportunity to progress within society in attaining a meaningful life.”
We are, and always have been, a uniquely aspirational country. It’s an optimism that’s written into our founding documents, and imbued in the character of a people formed by the hopeful spirit of the generations of immigrants who arrived on our shores. The history of the United States is not defined by a predominant collective ethnic or religious identity, but by an unlikely patchwork of dreamers, united across space and time by a shared belief in the radical, historically unprecedented idea that a human society could be capable of freedom and self-government. “God somehow called America to do a special job for mankind and the world,” Martin Luther King, Jr. once said. “Never before in the history of the world have so many racial groups and so many national backgrounds assembled together in one nation. ... America is the world in miniature and the world is America writ large.”
This fundamental spirit of possibility is the unlikely genius of America: A boundless idealism (life, liberty, and the pursuit of happiness) paired with a persistent skepticism about the claims of politics, visible in the structure of our Constitution. The ideal of self-government means that there has always been a gap between the public and the ambitions of those who would presume to rule us. As the study shows us, that’s as true now as it’s ever been.
To be sure, the study also shows that young people recognize the real problems contained in our current moment — it would be naive for them not to. The polled Generation Zers and millennials express legitimate concerns about the state of our environment, for example. (A pressing concern for young people of all political dispositions.) But in spite of the pessimism, the hand-wringing, and the dark prognostication of our political and cultural leaders, itself indicative of a profoundly broken and neurotic elite culture, the next generation still maintains that unique spirit that has made this the greatest country on Earth: a can-do attitude, a willingness to rise to the challenges of our time, and a fundamental belief in the potential of the American idea.
Nate Hochman (@njhochman) is a Young Voices associate contributor and a senior at Colorado College.
The American dream isn't dead
https://www.washingtonexaminer.com/o...ream-isnt-dead
The American dream is dead. Or at least, that’s the bipartisan conventional wisdom among a healthy portion of our leadership class. Donald Trump said as much during the announcement of his 2016 presidential bid (“But if I get elected president, I will bring it back bigger and better and stronger than ever before,” he assured his audience). His “American carnage” narrative was mirrored by his counterparts on the populist Left: “For many,” Sen. Bernie Sanders tweeted in 2016, “the American Dream has become a nightmare.”
But if a new Echelon Insights study commissioned by the Walton Foundation is to be believed, most of the country (or at least the ones who live outside of the Washington beltway) don’t see it that way. Most notably, young people and nonwhites (the very people who demagogues such as Sanders hold up as the most downtrodden victims of the system) are far more optimistic about their prospects than elite narratives would lead us to believe.
The Echelon Insights study “surveyed a diverse and representative sample of 2,002 members of Generation Z (ages 13-23) and 2,002 Millennials (ages 24–39) across the United States, followed by in-depth conversations with 146 additional respondents in these age groups.” The result? “Millennials and Generation Z are optimistic about their future, and two-thirds believe the American Dream is achievable,” according to a Walton Family Foundation press release. “Nearly half of young Americans expect to have a life better than their parents — with Black, Latino and Asian respondents reporting greater optimism.”
The lattermost point is particularly important in light of the pervasive 1619 Project-style racial pessimism that dominates our elite institutions: A plurality of every racial subgroup in the Generation Z and millennial demographics told pollsters that they expect to have a better life than their parents, but nonwhite Generation Zers and millennials were significantly more likely to express this belief, all in decisive majorities, than their white peers.
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To live a better life than one’s parents, and to know that one’s children can reasonably expect the same, is the simple yet humbly miraculous essence of the American dream. And it is a misunderstanding to think of this exclusively in terms of material wealth. Attempts to measure the “health” of the American dream in purely economic terms have always had limited utility; the promise of America is, first and foremost, a fundamentally spiritual one.
Perhaps the most heartening feature of the Walton study is the fact that young people intrinsically seem to understand this: “The American dream,” as one young respondent told pollsters, “is not about the items but the opportunity you have.” Or alternatively, in the words of another: “I believe the American dream is built upon the notion that anyone regardless of race and gender would have the opportunity to progress within society in attaining a meaningful life.”
We are, and always have been, a uniquely aspirational country. It’s an optimism that’s written into our founding documents, and imbued in the character of a people formed by the hopeful spirit of the generations of immigrants who arrived on our shores. The history of the United States is not defined by a predominant collective ethnic or religious identity, but by an unlikely patchwork of dreamers, united across space and time by a shared belief in the radical, historically unprecedented idea that a human society could be capable of freedom and self-government. “God somehow called America to do a special job for mankind and the world,” Martin Luther King, Jr. once said. “Never before in the history of the world have so many racial groups and so many national backgrounds assembled together in one nation. ... America is the world in miniature and the world is America writ large.”
This fundamental spirit of possibility is the unlikely genius of America: A boundless idealism (life, liberty, and the pursuit of happiness) paired with a persistent skepticism about the claims of politics, visible in the structure of our Constitution. The ideal of self-government means that there has always been a gap between the public and the ambitions of those who would presume to rule us. As the study shows us, that’s as true now as it’s ever been.
To be sure, the study also shows that young people recognize the real problems contained in our current moment — it would be naive for them not to. The polled Generation Zers and millennials express legitimate concerns about the state of our environment, for example. (A pressing concern for young people of all political dispositions.) But in spite of the pessimism, the hand-wringing, and the dark prognostication of our political and cultural leaders, itself indicative of a profoundly broken and neurotic elite culture, the next generation still maintains that unique spirit that has made this the greatest country on Earth: a can-do attitude, a willingness to rise to the challenges of our time, and a fundamental belief in the potential of the American idea.
Nate Hochman (@njhochman) is a Young Voices associate contributor and a senior at Colorado College.
12-18-2020, 02:59 AM
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Originally Posted By davik⏩
Why should millennials have to become perpetual tenants?give up home 'ownership', unless you can buy with cash. that solves most of it
12-18-2020, 03:00 AM
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Originally Posted By PenorBrahNoHomo⏩
finish hs at 17, finish college at 21, start working and saving up money... stop spending money on pointless travels,dont move out from your parents house so early , stop drinking,parties,pointless sh!t....if everyone go on this strat ... youd save atleast $200k - $250k by the time you hit 30Sure it's a problem, what is a solution?
Cherish your life. Live to tell your story
12-18-2020, 03:05 AM
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Originally Posted By MEDITATE⏩
Why should millennials have to live a life of self-imposed privation?finish hs at 17, finish college at 21, start working and saving up money... stop spending money on pointless travels,dont move out from your parents house so early , stop drinking,parties,pointless sh!t....if everyone go on this strat ... youd save atleast $200k - $250k by the time you hit 30
12-18-2020, 03:07 AM
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Originally Posted By PenorBrahNoHomo⏩
should??? they could? up to them whether they wanna make it or notWhy should millennials have to live a life of self-imposed privation?
Cherish your life. Live to tell your story
12-18-2020, 03:09 AM
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Originally Posted By MEDITATE⏩
Why is the solution, if millennials want what their parents had, changing their behaviour rather than the system?should??? they could? up to them whether they wanna make it or not
12-18-2020, 03:13 AM
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Originally Posted By PenorBrahNoHomo⏩
dude the way you phrase your words suck..... go learn how to read and write "srs"Why is the solution, if millennials want what their parents had, changing their behaviour rather than the system?
Cherish your life. Live to tell your story
12-18-2020, 03:15 AM
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#20
Originally Posted By MEDITATE⏩
but how come previous generations could do all this junk and still be sweet afterwardsfinish hs at 17, finish college at 21, start working and saving up money... stop spending money on pointless travels,dont move out from your parents house so early , stop drinking,parties,pointless sh!t....if everyone go on this strat ... youd save atleast $200k - $250k by the time you hit 30
12-18-2020, 03:16 AM
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#21
You must spread some Reputation around before giving it to ****inator again
brb haven’t met one vaxcel who doesn’t get defensive or mad when you tell them you didn’t get it.
No “vax” for HIV after 40 years of research. No vax for cancer after 100 years of research. No vax for the common cold and yet a virus mysteriously appears and Within 12 months a “vax” is found by 4 pharma companies all within 1 week and we are mandated to take it ….
12-18-2020, 03:17 AM
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Every time the fed makes their money printer go brrr the money in circulation is worth less.
They are printing the middle class out of existence and handing it to corporations and banks
They are printing the middle class out of existence and handing it to corporations and banks
Plant the trees in whose shade your grandchildren will play
12-18-2020, 03:18 AM
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Originally Posted By MEDITATE⏩
You mad because you can't or won't answer the question. Also you don't even post in proper sentences.dude the way you phrase your words suck..... go learn how to read and write "srs"
Go suck off some banker.
12-18-2020, 03:29 AM
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Originally Posted By davik⏩
I can't, but collectively people can. This is such a cucked, slavecel attitude. Even worse than Berniebros.you cant change the system
12-18-2020, 03:29 AM
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Originally Posted By Anachron⏩
Yeah *******, keep sticking your head in the sand and deny any problems exist. Lol you really are the biggest sheep, your overlords will be happy.That's actually compliment thatyouthink so.
Keep whining, that'll work out for sure.
Keep whining, that'll work out for sure.


12-18-2020, 03:29 AM
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That last graph is brutal. The things that distract us are cheaper than ever. The things we need are nearly out of reach. Almost as though it’s planned.
I wish we could be a world of small businesses. It’s monopolies that have done this. That and ultra-low interest rates.
I wish we could be a world of small businesses. It’s monopolies that have done this. That and ultra-low interest rates.
12-18-2020, 03:32 AM
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Originally Posted By witcher3fan83⏩
Absolutely, great observation.That last graph is brutal. The things that distract us are cheaper than ever. The things we need are nearly out of reach. Almost as though it’s planned.
I wish we could be a world of small businesses. It’s monopolies that have done this. That and ultra-low interest rates.
I wish we could be a world of small businesses. It’s monopolies that have done this. That and ultra-low interest rates.
12-18-2020, 03:43 AM
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Originally Posted By Anachron⏩
Lol this is a forum, do you understand the concept you mongoloid? How is stating statistical facts denying my own responsibilities?Yeah *******, keep whining about it online and deny any responsibilities for your own plight. Lol you really are the biggest sheep,youroverlordsarehappy.
Seriously though, the world needs people like you.
Seriously though, the world needs people like you.

12-18-2020, 03:45 AM
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Originally Posted By davik⏩
We know from economical history, low (long term) interest rates create bubbles though. And I rather have low housing prices than low interest rates when young and starting out.the only decent point anachron has made in an older thread, is that interest rates are very low. the problem with that i realised later, is that the house price is way higher. so it either cancels out or is still worse today, unless you just live where houses are cheap
12-18-2020, 03:46 AM
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just cut more taxes for the rich so it can trickle down, plus a few trillion more corporate handouts to make sure they have money to pay employees.
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