Wells Fargo ad about millennials eating out

[Anonymous]

Anonymous wrote:Perhaps this has been addressed earlier in the thread, but this notion that the only people who suffered in an economic downturn are new graduates is really ignorant. Do Millennials really think Gen Xers weren’t affected by the most recent financial crisis just because they didn’t graduate from college in 2008?

I’m a Gen Xer. I had a baby in 2008, and my law firm went under less than two weeks after my baby was born so I had no job to come back to (and when my colleagues were jumping ship, the firms they went to had no interest in taking on someone not ready to start that week since they had so many candidates to choose from). No one else was hiring so I had to find whatever crap job would keep a roof over our heads. If I’d been younger and didn’t have to worry about childcare, I would have had more options, but instead I had to take a garbage non-attorney job that became a blight on my resume and derailed my career even after the economy recovered.

So excuse me if I don’t see Millennials as some uniquely economically-oppressed group. You weren’t the only ones who suffered in the financial crisis. Nor were the Gen Xers, there were plenty of Boomers who lost jobs (and a huge about of their retirement funding, for those who were relying on pensions) and then had to battle against age discrimination in trying to find new jobs. They didn’t have it easy either.

No money was lost in the financial crisis. That is a myth. There is always someone on other end of trade. In 2008 I had a 1, 5 an 7 year old. Entered 2008 with almost zero debt. Also in spring 2006 moved to a firm that was a pure VIX play type place. We made record money in 2008 and 2009.

So weird was that time period I was making 40k a month. But no one wanted to spend. My old car got Totaled and my buddy who owns dealer got me a mint 5 series some trader gave back. My neighbors gave me dirty looks. Went to beaches Turks and Caicos and a few months later Atlantis. Things were so cheap. But I tried to keep it low key. Half of us on other side of trade were just nodding. Your money was not missing. All the houses, junk bonds, stock, collector cars sold on fire sale someone got. All the puts, and short sell bets on stocks going down places early 2008 someone got and the VIX bets and stock collars oh my. Fortunes were made. So don't worry no one lost money in financial crisis. The money is still there just other people have it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Perhaps this has been addressed earlier in the thread, but this notion that the only people who suffered in an economic downturn are new graduates is really ignorant. Do Millennials really think Gen Xers weren’t affected by the most recent financial crisis just because they didn’t graduate from college in 2008?

I’m a Gen Xer. I had a baby in 2008, and my law firm went under less than two weeks after my baby was born so I had no job to come back to (and when my colleagues were jumping ship, the firms they went to had no interest in taking on someone not ready to start that week since they had so many candidates to choose from). No one else was hiring so I had to find whatever crap job would keep a roof over our heads. If I’d been younger and didn’t have to worry about childcare, I would have had more options, but instead I had to take a garbage non-attorney job that became a blight on my resume and derailed my career even after the economy recovered.

So excuse me if I don’t see Millennials as some uniquely economically-oppressed group. You weren’t the only ones who suffered in the financial crisis. Nor were the Gen Xers, there were plenty of Boomers who lost jobs (and a huge about of their retirement funding, for those who were relying on pensions) and then had to battle against age discrimination in trying to find new jobs. They didn’t have it easy either.

No money was lost in the financial crisis. That is a myth. There is always someone on other end of trade. In 2008 I had a 1, 5 an 7 year old. Entered 2008 with almost zero debt. Also in spring 2006 moved to a firm that was a pure VIX play type place. We made record money in 2008 and 2009.

So weird was that time period I was making 40k a month. But no one wanted to spend. My old car got Totaled and my buddy who owns dealer got me a mint 5 series some trader gave back. My neighbors gave me dirty looks. Went to beaches Turks and Caicos and a few months later Atlantis. Things were so cheap. But I tried to keep it low key. Half of us on other side of trade were just nodding. Your money was not missing. All the houses, junk bonds, stock, collector cars sold on fire sale someone got. All the puts, and short sell bets on stocks going down places early 2008 someone got and the VIX bets and stock collars oh my. Fortunes were made. So don't worry no one lost money in financial crisis. The money is still there just other people have it.

WTF are you talking about? For people who lost their pensions when companies went under, it doesn’t matter whether someone else somehow got that money, they no longer had a pension to fund their retirement. They suffered as a result of the financial crisis, even if someone like you profited from it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Perhaps this has been addressed earlier in the thread, but this notion that the only people who suffered in an economic downturn are new graduates is really ignorant. Do Millennials really think Gen Xers weren’t affected by the most recent financial crisis just because they didn’t graduate from college in 2008?

I’m a Gen Xer. I had a baby in 2008, and my law firm went under less than two weeks after my baby was born so I had no job to come back to (and when my colleagues were jumping ship, the firms they went to had no interest in taking on someone not ready to start that week since they had so many candidates to choose from). No one else was hiring so I had to find whatever crap job would keep a roof over our heads. If I’d been younger and didn’t have to worry about childcare, I would have had more options, but instead I had to take a garbage non-attorney job that became a blight on my resume and derailed my career even after the economy recovered.

So excuse me if I don’t see Millennials as some uniquely economically-oppressed group. You weren’t the only ones who suffered in the financial crisis. Nor were the Gen Xers, there were plenty of Boomers who lost jobs (and a huge about of their retirement funding, for those who were relying on pensions) and then had to battle against age discrimination in trying to find new jobs. They didn’t have it easy either.

No money was lost in the financial crisis. That is a myth. There is always someone on other end of trade. In 2008 I had a 1, 5 an 7 year old. Entered 2008 with almost zero debt. Also in spring 2006 moved to a firm that was a pure VIX play type place. We made record money in 2008 and 2009.

So weird was that time period I was making 40k a month. But no one wanted to spend. My old car got Totaled and my buddy who owns dealer got me a mint 5 series some trader gave back. My neighbors gave me dirty looks. Went to beaches Turks and Caicos and a few months later Atlantis. Things were so cheap. But I tried to keep it low key. Half of us on other side of trade were just nodding. Your money was not missing. All the houses, junk bonds, stock, collector cars sold on fire sale someone got. All the puts, and short sell bets on stocks going down places early 2008 someone got and the VIX bets and stock collars oh my. Fortunes were made. So don't worry no one lost money in financial crisis. The money is still there just other people have it.

I don’t believe you were making that kind of money in 2008 because you sound too stupid to be capable. Maybe you were the receptionist watching other people make money.