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Millennials, the Screwed Generation, Blame Boomers For Making Their Lives Worse

51% of millennials claim boomers make their lives worse. Only 13% of millennials say boomers make their lives better.

An interesting demographic-based survey conducted April 9-13, 2018 purports Baby Boomers Made Millennials Lives Worse.

Beset by big college loans, inheriting two wars, and facing an uncertain future of work, a majority of millennials say baby boomers have made things worse for them — and a lot of boomers agree, according to a new Axios/SurveyMonkey poll.

If it persists, the generational divide could turn into political rivalry as the generations compete for limited tax dollars — millennials seeking government help as automation takes hold, and boomers insisting on promised levels of Social Security and Medicare.

This ties in nicely with the upcoming pension crisis and healthcare-related issues as well.

Screwed Generation

  1. Consider Obamacare. It was purposely designed to make millennials overpay for healthcare. Millennials subsidize boomers who are better off financially.
  2. When I went to the university of Illinois, tuition was $250 a semester. One realistically could have worked summer and part-time jobs to pay for an education. Now kids are graduating from college with mountains of debt and no way to pay it back.
  3. Social security is projected to be bankrupt by the time millennials can collect. Benefits must drop.
  4. A pension crisis looms. The boomer solution has been to kick the can down the road, always raising taxes. Those tax hikes go nearly 100% to pension funding. What do millennials get out of it? Nothing!
  5. Millennials are likely to be the first US generation in history that is no better off than their parents, if not worse.

Payback

Within a decade Millennials will be running the country and they may not exactly be sympathetic to the pension plight of boomers.

For discussion of the pension crisis and possible millennial payback options, please consider Global Pension Gap Expected to Hit $400 Trillion: US Leads the Way.

Reader Replies

Reader Tengen commented: As a Gen X'er I'm not terribly fond of any current American generation, including my own. We all played a part in this acrimonious society we see today and nobody made much effort to stop it. Seems unlikely history will be kind to any of us, at least on a generational level.

I replied: Absolutely - Anger should be directed at the Fed, at Bush, at Obama, at Congress, and at warmongers.

There is plenty of blame to go around, but boomers are in charge of Congress, the Fed etc, and have been for years.

Most likely, anger will be misdirected, but boomers will be the target.

Mike "Mish" Shedlock

@themonosynaptic
There is a very simple test for whether development is being restricted artificially or not: Is the sale price of the final units higher than the cost of erecting them?

Free people will continue building on their lots, until adding another unit will cost more than they can sell the unit for. Not sure which Bay Area town you live in, but do you honestly believe hiring some dude outside Home Depot to slap up another 1000 square foot shack of a standard equivalent to the current building mass, would cost what current units are selling for? And if not, why aren’t the dudes outside Home Depot hired in to start building already?

Most of the restrictions are due to earthquake safety and utility availability, but just about every square inch of building land is being built on where I live. There are scrapers, build outs, conversions of retail to housing, etc. There is also a town a few miles away with much lower housing costs, care to wonder why?

Looking at data from the Roper Center on the 2016 election of the 18-29 year olds 55% voted for Hillary Clinton and 36% for Donald Trump. of the 30-44 year olds it was 51 to 41. Would a Clinton administration have been better for millennials? Seems to me a lot of them loved Bernie Sanders than Hillary Clinton in the primaries. As bad as the Boomer presidents have been, they haven't killed 60,000 millennials in the Middle East the way the Greatest Generation did to boomers in Vietnam...and those people used a draft.

In a capital-based system like ours, one dollar = one vote. Whether you show up at the booth or not, you vote. Whatever you put into your mouth is a vote (even if you grow it yourself), whatever job you work at is many votes. Those votes are tallied by corporations and collated and passed to the politicians as orders, not requests, because those corporations use your vote/dollars to put the politicians in place that suit their needs.

If you want Change, keep it in your pocket.

I notice Mish blames Obama (the best Republican president since Clinton: just ask the drug companies), but not the deregulation practices of others that shifted our votes into the hands of those with the most dollars (my trickly share came through the Reagan military: "yay! pay raise again!").
That's fine. It was eventually going to happen anyway: the Boomers just sped it up while chasing drywall mansions and cocaine (generously supplied by the CIA). It's as well played as the IranContra distraction itself was. That story was happily displaced by Lewinsky, so that it didn't go investigating how every politician (on both sides of the aisle) was in the pockets of illegal and legal drugs, failing banks, realtors and weapons.

By letting the confusion and distractions wash over us, the 'norm' has shifted to the point that we expect confusion and disinformation to be all we get (anyone up for another Netflix binge of Route 66?), and our only choices are to engage in commerce and vote for a sanctioned candidate while getting sicker, dumber and tattooed with our Endless War unit badges.
It's a free market: as long as you forget that it's your grandchildren's souls on the market.

(edited)

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