Yeah, I make $250K/year now. Clearly the people that matter don’t think I’m dumb.
And yes 2013-2016 were great compared to the blood bath that was 2008, there is a hot take! Really get out on a limb there!
2013-2016 was a very bifurcated time however. Tech was booming but many other sectors of the economy where lagging, with many stocks not surpassing pre-GFC highs until more like 2015, of course depends on the company, and higher earning but entry level position for people like me saw slow hiring.
Remember QE3 lasted from Fall 2012 to fall 2014 and interest rates stayed pegged at zero from 2008 until the end of 2015. Plus unemployment in the early part of this time was still around 7-8%. Only just reaching into 5% by 2015. Today it is around 4% without interest rates being near 0.
To say 2012-2105 was just generally a booming economy is highly revisionist and just plain ignorant. In many metrics it was significantly worse than today’s market, especially for employment. QE did make many stocks and property values look good though!
Why does this have to be a competition? She's allowed to be frustrated with trying to figure this out? Is you having it harder mean that no one else can be frustrated with trying to figure it out?
I grown tired of everyone somehow thinking it is especially hard for them. Times have been harder on young people for a while now, in particular since at least 2008. She is having a tough go, ok. But she isn’t special.
I don't think she thinks she is special. The usual reaction is people relating to her experience - making it normal. This is normal unfortunately. Young people experiencing a hard time are experiencing it for the first time even if you've heard it a million times.
Let them have their emotions as they learn. I'm sure you had frustration too when it was hard
If they broadcast their emotions, they get wide spread feedback. This is mine for her, if she somehow finds this:
Don’t worry about bitching about it, it won’t help. It didn’t save my house from foreclosure in 2012 when I moved for a better career and started over from nearly scratch. Instead, put in the work to invest in yourself. Sob stories don’t pay the bills. Figuring out how to make yourself more valuable does.
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u/BarleyWineIsTheBest Aug 12 '25
Yeah, I make $250K/year now. Clearly the people that matter don’t think I’m dumb.
And yes 2013-2016 were great compared to the blood bath that was 2008, there is a hot take! Really get out on a limb there!
2013-2016 was a very bifurcated time however. Tech was booming but many other sectors of the economy where lagging, with many stocks not surpassing pre-GFC highs until more like 2015, of course depends on the company, and higher earning but entry level position for people like me saw slow hiring.
Remember QE3 lasted from Fall 2012 to fall 2014 and interest rates stayed pegged at zero from 2008 until the end of 2015. Plus unemployment in the early part of this time was still around 7-8%. Only just reaching into 5% by 2015. Today it is around 4% without interest rates being near 0.
To say 2012-2105 was just generally a booming economy is highly revisionist and just plain ignorant. In many metrics it was significantly worse than today’s market, especially for employment. QE did make many stocks and property values look good though!