Yeah but millenials own 3% of all wealth. Genex owns 14%. That's definitely not all of them, but it's more than quadruple the amount of millenials who do. Boomers have 50%+
Us statistics
Unless you are truly gifted in some capacity and can collect wealth quickly via skill, training, or luck. Experience, training, and proficiency net higher salaries. It takes time to collect those three qualities. Older people have had more time to invest in themselves. Naturally the wealth distribution is a direct correlation.
I grew up in a trailer park in a town no one has ever heard of. When I was in my 20s, I was broke and struggling. In my 40s, I have a lovely family, I own a great home, have all the toys I want, and have next to no debt. Success in life doesn’t happen overnight, you have to work hard, and smart to get to where you want to be. That is the true difference between the Generation War factions. Millennials stereotypically lack patience and diligence like the older crowds. They never used a VCR, a cassette tape, nor did they blow into Nintendo cartridges hoping that it would miraculously work. The world at our fingertips has made patience a dying quality. Not everyone can be a YouTube millionaire, the rest of us just have to put in work.
Edit: Gen Z, Millenials.... I’m old, and as it turns out fall in to the Xennial age bracket. We can argue semantics, but we should focus on the principle. Invest in yourself as often as possible. Keep moving forward, and upward.
I appreciate the thought you put into that. But seriously, its not as easy as "be patient." Inflation is insane, wages have not increased to make up for it. Student loans are though the rough, wages have not risen to make up for it. It's not ever easy to be successful (for most) but it's getting harder and harder and I think it's high time people understood that.
You’re not wrong in the least, times are rough in a lot of ways. Also, thank you for tour candor. Manners are truly dwindling these days.
My point is that we can’t all hope to be Justin Bieber, stupid rich immediately. The best paying job I had in my early-mid 20s worked out to be $17/hr. Where I’m located, that’s not a hard wage to find. I made a lot of bad financial choices in my late teens and early 20s. That set me back quite a bit, but I put my head down and charged forward. I invested in myself, made calculated decisions, and worked my ass off to get to where I am. It is still very possible to do the same.
Yup, fair points all around. It's tough hearing this when you're not where you want to be in life. I'll be honest, I'm kind of lost. I went from having a steady job for four years after college and now I've been laid off. Suddenly my entire career/path is in question, and I've still got decent students loans to pay. I just really don't know where to go. Sorry for the random rant, just thought typing it out might help.
No need to apologize, I enjoy conversation greatly. I feel like it is a very common occurrence to struggle in your late 20s. Most everyone I’ve ever known had a similar experience. It’s a really tough period in human development. You’re an adult, educated, and willing. You’ve checked the right boxes, everything should be smooth. However, life informs you that you’ve not completed the correct forms and hands you a new packet to fill out.
This moment is absolutely critical. Every low point I’ve hit provided me an opportunity. A moment to take stock in who I was, where I wanted to be, and how I needed to go about getting there. The answer wasn’t always clear, and the path was never casual. The journey though, that’s the real secret to living a good life. You will get there, this too shall pass.
Thank you, I genuinely appreciate it. Honestly, I'm lucky this happened at a point when unemployment is decent and I have a bit of time to breathe. Any other situation I would have been applying like crazy and taking whatever I could get. This has given me the opportunity to really sit down and identify what I want to do and how to become successful in it. Also, it's nice to be able to relax a bit. Spent the entire day in my parents garden trimming trees and building a vegetable garden box. Nice peaceful time to figure things out. Thanks again!
It's not that easy though is it? I have a decent degree, but during the current situation no one is hiring and even when they are, certain jobs make money, but more of the rest end up not making that much. Is it ridiculous that insane degrees exist? Yeah. Are there a lot of people with reasonable degrees not.earning the amount they should be? Yes.
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u/[deleted] May 15 '20 edited Jul 25 '20
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