American dream is dead: data clear shows how younger generations after Boomers have it worse

[Anonymous]

Anonymous wrote:

Anonymous wrote:For the sake of this thought experiment, assume you're not white. Now, which date in U.S. history would you go back to?

The American dream is fine.

The American dream is alive and well because we used to enslave Black people and don't anymore. Checkmate, libs!!!!

The point is that things are improving in America. Overall, it's a better place to live than it used to be.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For the sake of this thought experiment, assume you're not white. Now, which date in U.S. history would you go back to?

The American dream is fine.

The American dream is alive and well because we used to enslave Black people and don't anymore. Checkmate, libs!!!!

The point is that things are improving in America. Overall, it's a better place to live than it used to be.

The only way this is potentially not true is if you're white (and probably only if you're a white man.) No matter your race or gender, I don't think there's anybody who would want to live under the conditions present in this country prior to 1945. After 1980, the economic situation becomes pretty comparable to today even if you're a white man. So, maybe we're talking about a 20 year period from 1950 to 1970 where white men might find economic and social conditions more favorable than what they'd likely experience today? Individual situations will obviously vary. White Boomers are more the exception than the rule when it comes to the American experience overall.

Overall, I think nostalgia is a helluva drug. It discounts technological, medical, and other advances that we take for granted. It minimizes the progress we've made for women and minorities.

[Anonymous]

Yep, nostalgia. Ymmv, but as a group 40yo millennials are only about 20% behind where 40yo boomers were. Explained by student debt and delayed inheritance due to longer lived parents. Non paywall here:

https://www-tbsnews-net.cdn.ampproject.org/v/s/www.tbsnews.net/analysis/millennials-are-running-out-time-build-wealth-257773?amp_js_v=a6&_gsa=1&&usqp=mq331AQHKAFQArABIA%3D%3D#aoh=16231757515366&_ct=1623175904934&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s

[Anonymous]

Sorry try again

http://www.tbsnews.net/analysis/millennials-are-running-out-time-build-wealth-257773

[Anonymous]

Anonymous wrote:Yep, nostalgia. Ymmv, but as a group 40yo millennials are only about 20% behind where 40yo boomers were. Explained by student debt and delayed inheritance due to longer lived parents. Non paywall here:

https://www-tbsnews-net.cdn.ampproject.org/v/s/www.tbsnews.net/analysis/millennials-are-running-out-time-build-wealth-257773?amp_js_v=a6&_gsa=1&&usqp=mq331AQHKAFQArABIA%3D%3D#aoh=16231757515366&_ct=1623175904934&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s

From your blurb, that still sounds a little too rosy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For the sake of this thought experiment, assume you're not white. Now, which date in U.S. history would you go back to?

The American dream is fine.

The American dream is alive and well because we used to enslave Black people and don't anymore. Checkmate, libs!!!!

The point is that things are improving in America. Overall, it's a better place to live than it used to be.

But it is also a much more complex, complicated and competitive world, and people really know it! Expectations are affecting feelings about the future.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yep, nostalgia. Ymmv, but as a group 40yo millennials are only about 20% behind where 40yo boomers were. Explained by student debt and delayed inheritance due to longer lived parents. Non paywall here:


http://www.tbsnews.net/analysis/millennials-are-running-out-time-build-wealth-257773

From your blurb, that still sounds a little too rosy.

It's the net worth difference. Boomers at 35-44yo in 1989 had $113k, millennials 35-44yo in 2019 had $91k. Might feel different to us now, but if we had a time machine to explain it to them, I doubt they would compare and say we have it harder.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Well, that's quite a conundrum. Would you say there is *more* or *less* of the following available to boomers vs millennials:

- Government spending for social programs
- Student loans for college eductaion
- Equality before the law based on race, sex, etc.
- Social acceptance for alternative lifestyles
- Efficient access to information
- Healthier foods and cleaner environment

In what way is the modern world worse than it was during the time of boomers that would cause millennials to not achieve as much.

It's not that they don't achieve necessarily. It's that they don't get paid as much for those achievements. College, housing, health insurance, etc. all cost way more than they did when boomers were younger.

This comes down to corporate welfare and tax loopholes for businesses and the wealthy.

Blame the elected officials on both sides of the aisle who created the system starting in the 1970s—noting the Dems played a role, too.

Businesses and wealthy individuals can’t be allowed to hold money offshore without paying taxes. You want to do business here or live here? Great! Pay up.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Well, that's quite a conundrum. Would you say there is *more* or *less* of the following available to boomers vs millennials:

- Government spending for social programs
- Student loans for college eductaion
- Equality before the law based on race, sex, etc.
- Social acceptance for alternative lifestyles
- Efficient access to information
- Healthier foods and cleaner environment

In what way is the modern world worse than it was during the time of boomers that would cause millennials to not achieve as much.

It's not that they don't achieve necessarily. It's that they don't get paid as much for those achievements. College, housing, health insurance, etc. all cost way more than they did when boomers were younger.

This comes down to corporate welfare and tax loopholes for businesses and the wealthy.

Blame the elected officials on both sides of the aisle who created the system starting in the 1970s—noting the Dems played a role, too.

Businesses and wealthy individuals can’t be allowed to hold money offshore without paying taxes. You want to do business here or live here? Great! Pay up.

Original PP here, I don't understand the connection being proposed in this post. Lets assume that the claim is correct, that lack of tax payments by the wealthy is what has caused the current predicaments faced by millennials. How exactly does this logic work? For example, if the wealthy were not paying their fair share of taxes, how does that lead to lower wages for millennials, or high prices for college, housing, insurance, etc?

[Anonymous]

College costs have increased massively since the boomers were college aged
Healthcare costs have increased massively
The cost of raising a child has gone up significantly
The cost of a car has outpaced inflation
Housing costs have outpaced inflation and income
Rents have outpaced inflation and income

How are those things better now than they were for boomers?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Well, that's quite a conundrum. Would you say there is *more* or *less* of the following available to boomers vs millennials:

- Government spending for social programs
- Student loans for college eductaion
- Equality before the law based on race, sex, etc.
- Social acceptance for alternative lifestyles
- Efficient access to information
- Healthier foods and cleaner environment

In what way is the modern world worse than it was during the time of boomers that would cause millennials to not achieve as much.

It's not that they don't achieve necessarily. It's that they don't get paid as much for those achievements. College, housing, health insurance, etc. all cost way more than they did when boomers were younger.

This comes down to corporate welfare and tax loopholes for businesses and the wealthy.

Blame the elected officials on both sides of the aisle who created the system starting in the 1970s—noting the Dems played a role, too.

Businesses and wealthy individuals can’t be allowed to hold money offshore without paying taxes. You want to do business here or live here? Great! Pay up.

Then why are there so many apologists for the 0.1% and people who say corporations shouldn't pay any taxes?

[Anonymous]

[Anonymous]

I just love how the naysayers rail on America. It convinces me that we’re doing something right. Jealousy is so transparent sometimes.

[Anonymous]

Anonymous wrote:I just love how the naysayers rail on America. It convinces me that we’re doing something right. Jealousy is so transparent sometimes.

A.) that's not how it works and
B.) one can love America but know there are some things that need to change

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Well, that's quite a conundrum. Would you say there is *more* or *less* of the following available to boomers vs millennials:

- Government spending for social programs
- Student loans for college eductaion
- Equality before the law based on race, sex, etc.
- Social acceptance for alternative lifestyles
- Efficient access to information
- Healthier foods and cleaner environment

In what way is the modern world worse than it was during the time of boomers that would cause millennials to not achieve as much.

It's not that they don't achieve necessarily. It's that they don't get paid as much for those achievements. College, housing, health insurance, etc. all cost way more than they did when boomers were younger.

This comes down to corporate welfare and tax loopholes for businesses and the wealthy.

Blame the elected officials on both sides of the aisle who created the system starting in the 1970s—noting the Dems played a role, too.

Businesses and wealthy individuals can’t be allowed to hold money offshore without paying taxes. You want to do business here or live here? Great! Pay up.

Then why are there so many apologists for the 0.1% and people who say corporations shouldn't pay any taxes?

Because they delusionally think it's them or what they might be even though they have a better chance of being struck by lightning.