Reply to NYT Opinion Piece: This Isn’t What Millennial Middle Age Was Supposed To Look Like

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As a Gen Xer who graduated into the recession of the early 90s and then endured the financial crisis I find the millennial attitude/ignorance that they are apparently the first generation ever to face economic hardship laughable. This generation has been feeding at their boomer parents trough all their lives is on track to receive the largest intergenerational transfer of wealth in history.[/quote]
The Millennials drowning in student loans and housing debt aren't the same ones that are going to inherit a lot money from their parents.  That's not how it works.[/quote]

That is probably true for some but not all. The lucky millenials who were taught to be fiscally prudent are not those who need to wait around for mom and dad to die to pay their bills. [/quote]
It's not about being taught to be financially prudent, but about whether your parents have money.  I took out student loans and will likely have to help finance my parents in their old age.  There's no money coming my way.   Boomer parents with money help their kids with school costs and downpayments.  But that's only true for a subset of millenials.[/quote]

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