Honestly the complete disregard for GenX financial strain is getting old

[Anonymous]

Anonymous wrote:

Anonymous wrote:At my work, it’s GenX who are completely uninterested in taking over for boomers. When the boomers finally retired, we couldn’t even get GenX to apply for those jobs. So millennials stepped up en masse. They all just want to coast into retirement.

I think it was a moment in time. In our 30s, the early 2000s, Gen Xers wanted to take over and be heard. We were finally mature enough, better at tech, etc. But the Boomers, our bosses, then in their 50s still ruled the roost. It was just As It Always Had Been.

Then Millennials come in and are handed entire departments in their 30s, and are bosses of older people. And of course Gen x is like "whatever"- we tried. But I'm sure it stings a little.

+1000
We did all the unpaid internships, went to grad school, paid our dues. Now those of us with 20 years experience are stagnated in middle management while millennials and Gen z are promoted over us. The worst in my field (communications) is being lectured on how we must embrace AI and make everything bite sized, digital and brain rot friendly. We are literally being graded on how well and willingly we do this. They think they invented branding and memes (never heard of Marshall McLuhan or took a theoretical class in anything except gender).

We are now being led by the ADHD generation.

[Anonymous]

I hate generational generalizing as much as the next person. But OP definitely comes across as a Millennial vs a Gen-Xer.

I’m on the older side of Gen-X and have never heard anyone close to my age, Boomer or Gen-X blame the generations before us for the way our adult financial lives turned out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.wsj.com/personal-finance/millennials-vs-boomers-charts-e6f1971b


I know it’s non stop Boomers and Millenials but many GenX were ruined by the dot.com and housing busts and had the lost decade up to the GFC. Careers haven’t advanced because boomers WILL NOT LEAVE.

Let's back the truck up for a bit.

Boomers WILL NOT LEAVE because they can't! Life is damn expensive and they got caught in the squeeze same as narcissistic you. Do you think their old asses want to continue working? Don't be dense.

Blame population growth for creating conditions leading to higher cost of everything since everyone is chasing the same goods and services including housing, transportation, food, etc. And my population growth comment is my delicate way of saying unchecked immigration.

The boomers leadership, who bought homes for pennies, lived through the largest run up of stocks ( from the “death of equities” to today), need to work? Did they blow all their money on blow??

[Anonymous]

Anonymous wrote:https://www.wsj.com/personal-finance/millennials-vs-boomers-charts-e6f1971b


I know it’s non stop Boomers and Millenials but many GenX were ruined by the dot.com and housing busts and had the lost decade up to the GFC. Careers haven’t advanced because boomers WILL NOT LEAVE.

Your attitude shows you deserve it.

[Anonymous]

Gen X has been pretty lucky in recent stock market returns— easily makes up for the lost years. And I graduated into a recession but I’d actually prefer job hunting in a 1990s recession over whatever the hell this economy is.

[Anonymous]

Anonymous wrote:

Anonymous wrote:At my work, it’s GenX who are completely uninterested in taking over for boomers. When the boomers finally retired, we couldn’t even get GenX to apply for those jobs. So millennials stepped up en masse. They all just want to coast into retirement.

I think it was a moment in time. In our 30s, the early 2000s, Gen Xers wanted to take over and be heard. We were finally mature enough, better at tech, etc. But the Boomers, our bosses, then in their 50s still ruled the roost. It was just As It Always Had Been.

Then Millennials come in and are handed entire departments in their 30s, and are bosses of older people. And of course Gen x is like "whatever"- we tried. But I'm sure it stings a little.

Yes I saw this in action starting 10 years ago. Boomer is finally retiring and Gen X person who had been waiting for this moment their whole career is dying to step in. They plan to mainly continue what the boomer started, a profitable and highly productive department with loyal employees, while eliminating some outdated practices.
But then a challenger emerges! 30 year old with six sigma certification! She wants to switch us to just in time shipping eliminating all product storage. Get rid of half the employees, and all the experienced ones, to “eliminate waste”. The directors have stars in their eyes and hire her.
Two years later millennial is moving onward and upward leaving a complete mess in her wake. Turnover is through the roof, no one knows what they’re doing, complaints from clients are constant, we’re always out of something. Now they call Gen X lady and beg her to save them but she’s quit to do something totally different and is happy with that.

[Anonymous]

Anonymous wrote:https://www.wsj.com/personal-finance/millennials-vs-boomers-charts-e6f1971b


I know it’s non stop Boomers and Millenials but many GenX were ruined by the dot.com and housing busts and had the lost decade up to the GFC. Careers haven’t advanced because boomers WILL NOT LEAVE.

GOD FORBID someone who wants to keep food on the table and a roof over their head.

[Anonymous]

Anonymous wrote:I hate generational generalizing as much as the next person. But OP definitely comes across as a Millennial vs a Gen-Xer.

I’m on the older side of Gen-X and have never heard anyone close to my age, Boomer or Gen-X blame the generations before us for the way our adult financial lives turned out.

because genx doesn’t whine and complain and blame others for our failures. We just get shit done.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Nobody takes you seriously if you start criticizing groups based on when they were born. Don't be stupid and hateful.

Where did I criticize the groups, I was criticizing the US media for ignoring GenX.

why does “the media” have to pay trenton to you? just live your life and get over your naval gazing self.. take a walk. have a nice dinner, plant some seeds. Most importantly GET A LIFE.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Gen X’er who was able to buy a condo in my mid-20s with 3% down, take the equity from that to buy a house in Arlington, then take the equity from that to lock into my forever home at 2.65%. 25 years at my company and consistently maxed my 401k contributions.

I don’t think any of these steps is possible for the generations behind us.

One more - I also paid off my law school debt in 10 years because it was ‘only’ $110k (no help from parents). $100k gets you 1 year in undergrad now.

No, I was not big law.

lolololol! i have 2 kids in college and one is heading off to medical school and i don’t pay 100k a year for a year of undergrad combined. Pre med kid got a good enough education at UVA to score a 524 on his MCAT. If he stays at UVA for medical school we will continue to pay his tuition only @ 55k/yr for med school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.wsj.com/personal-finance/millennials-vs-boomers-charts-e6f1971b


I know it’s non stop Boomers and Millenials but many GenX were ruined by the dot.com and housing busts and had the lost decade up to the GFC. Careers haven’t advanced because boomers WILL NOT LEAVE.

Let's back the truck up for a bit.

Boomers WILL NOT LEAVE because they can't! Life is damn expensive and they got caught in the squeeze same as narcissistic you. Do you think their old asses want to continue working? Don't be dense.

Blame population growth for creating conditions leading to higher cost of everything since everyone is chasing the same goods and services including housing, transportation, food, etc. And my population growth comment is my delicate way of saying unchecked immigration.

The boomers leadership, who bought homes for pennies, lived through the largest run up of stocks ( from the “death of equities” to today), need to work? Did they blow all their money on blow??

Seriously. I don’t have a dog in this fight (we are GenX but my husband is very successful and I am just a lowly teacher along for the ride) but the Boomers we know are sitting on huge piles of money. Many did retire. But the ones who didn’t or retired later kept working because the work was so cushy and the pay was so good. My husband used to talk of early retirement in his slog years but now that he’s on the other side and he has more control and the pay is great, he says things like “maybe I won’t retire early I’ll just step back a bit but keep working.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:Instead of pitting different generations against each other, you should realize that each generation is at the mercy of historical booms and busts, OP. It's not the fault of anyone in particular. I object to your narrow-minded characterization.

I am late gen X, born in 1980.

You are more of a millennial.

-1971 baby

The author Douglas Copeland was born in 1962. Census defines generation as every 10 years until the iPhone introduction (now 5 years)

I am extremely concerned the millennials will go for GEN X taxable 401K (this is where demographics and democracy collide).

I see a very dysfunctional relationship between boomer parents and their millennial children: but they share a common trait that compounds: liberal mindset when they’re spending other people’s money. Arch conservative with their own.

What does the bolded mean?

[Anonymous]

My brother is GenX and not successful because he's lazy ans selfish. Has been his whole life.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Gen X’er who was able to buy a condo in my mid-20s with 3% down, take the equity from that to buy a house in Arlington, then take the equity from that to lock into my forever home at 2.65%. 25 years at my company and consistently maxed my 401k contributions.

I don’t think any of these steps is possible for the generations behind us.

One more - I also paid off my law school debt in 10 years because it was ‘only’ $110k (no help from parents). $100k gets you 1 year in undergrad now.

No, I was not big law.

lolololol! i have 2 kids in college and one is heading off to medical school and i don’t pay 100k a year for a year of undergrad combined. Pre med kid got a good enough education at UVA to score a 524 on his MCAT. If he stays at UVA for medical school we will continue to pay his tuition only @ 55k/yr for med school.

Thats great for you, but a lot of people do. In state is a LOT more competitive than it was for GenX.

[Anonymous]

Which generation had the idea of moving manufacturing to lower production sites (ie China)?

Some of these global macro folks who made a killing with this in the 90s are now falling the shots for the nation finances.