Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Asset prices are insanely pumped right now, anyone just starting their career with no family money to help is screwed. Growth is probably going to suck for the next 20-30 years because of how overvalued the stock and real estate markets are right now. I’m pissed that I was born too late to benefit from any of it. Older generations got their 7%+ returns and now gen Z and younger millennials will be stuck with crappy 3-5% returns based on most forecasts.

OMG, shut up stupid entitled millennial/gen z brat. I'm so sick of you guys complaining all the time about how your lives are so hard, mommy/daddy are just awful people, blah blah blah. Grow up. You're presumably in your 30s you should consider acting like ite.

-Young Gen X.

K boomer

That doesn’t work because they’re literally not a boomer.

anyone older than millennial is boomer mindset

Anonymous wrote:Asset prices are insanely pumped right now, anyone just starting their career with no family money to help is screwed. Growth is probably going to suck for the next 20-30 years because of how overvalued the stock and real estate markets are right now. I’m pissed that I was born too late to benefit from any of it. Older generations got their 7%+ returns and now gen Z and younger millennials will be stuck with crappy 3-5% returns based on most forecasts.

Cool story bro. I felt the same way when I graduated in the dot com boom and then bust of ‘99-‘01.

There are always changes in culture and economic conditions from generation to generation.

Women today are benefiting from increased parental leave and also WFH flexibility. If you’d been working in 1995, this wouldn’t have been an option for you.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Absolutely.

The way it’s currently operating it’s socialism for the boomers and the dregs of capitalism for younger millennials and zoomers. A modern FDR would serve us well.

The national debt is $31 trillion, and you want additional government spending?? How would additional spending work out? I think there is a huge amount of waste in Federal spending. It stimulates the economy but at what cost?

I feel the private sector is the real driver in the economy. With the rise in government spending you will see more red tape and lower returns in the stock market. The entrance of the federal government into student loans has led to a much higher rise in college costs as a prime example. And also in healthcare you see government involvement driving up costs. Our defense budget is bloated because government is very inefficient in its spending and procurement. I could go on.

This seems to omit that the big growth in government spending over the past decades has been support for retirees, veterans, the poor, and interest on the debt. Most government spending isn’t red tape, it’s things that benefit individuals. Reducing those causes pain.

Yes, and runaway spending by the government causes no pain to anyone.

OP we have been there, I promise. I’m a 2002 grad. Saved up and bought my first house in July 2007. Interest rate was 6%, which was excellent at the time. Home value was HALVED six months later. I sold it in 2011 for a loss (I moved for a new job). I also saw all my savings between 2002 and 2008 disappear.

There will be multiple ups and down in the economy/culture across your life. Everyone gets caught in a few downs and rides a few ups. As it has always been, so shall it be for you, little one.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What are you complaining about? If you're a woman, you might be able to work from home if you become a mom. You don't know how lucky you are. The WFH jobs didn't exist not too long ago.

Exactly. And don't forget the paid six weeks of maternity leave this generation gets. I went into the hole and took leave without pay to take time off when my kids were born.

or the “hatchback” deliveries. I had my first at noon on Monday and was released from the hospital at 9am Tuesday.

Actually, the concept of “baby-friendly” (read: new mom is expected to fully care for newborn baby while being sleep-deprived, as opposed to newborn baby being treated as a separate patient) hospitals is relatively new. And abhorrent.

If you are going to be mad about the circumstances of your birth, be annoyed you weren’t born into a wealthy family. Everything else pales in comparison.

Anonymous wrote:

Anonymous wrote:What are you complaining about? If you're a woman, you might be able to work from home if you become a mom. You don't know how lucky you are. The WFH jobs didn't exist not too long ago.

Exactly. And don't forget the paid six weeks of maternity leave this generation gets. I went into the hole and took leave without pay to take time off when my kids were born.

or the “hatchback” deliveries. I had my first at noon on Monday and was released from the hospital at 9am Tuesday.

Anonymous wrote:

Anonymous wrote:Asset prices are insanely pumped right now, anyone just starting their career with no family money to help is screwed. Growth is probably going to suck for the next 20-30 years because of how overvalued the stock and real estate markets are right now. I’m pissed that I was born too late to benefit from any of it. Older generations got their 7%+ returns and now gen Z and younger millennials will be stuck with crappy 3-5% returns based on most forecasts.

that is how I felt in 1987.

Same as I felt in 1984. Lovely recession *and* interest rates were 14%. Got to watch the stock market crash 22% in one day in 1987.

I would be considered a first generation college applicant if I were applying nowadays, and also may have benefited from test-optional admissions. I went to an extremely poor inner city high school and graduated at the top of my class (it wasn’t technically a magnet school, but the school offered multiple levels of classes in every grade & subject). My SAT was in the low 1300s out of 1600. I went to a local regional state school because that’s what I could afford & I didn’t think I would have a shot at some highly-selective college (or afford one).

My career turned out pretty good, starting with passing all four parts of the CPA exam within a year of finishing undergrad. But, I sometimes wonder if I could’ve gotten onto a completely different career trajectory if I’d had the opportunity to go to a top school.

Circumstances like mine weren’t relevant in
college admissions back then.

Anonymous wrote:What are you complaining about? If you're a woman, you might be able to work from home if you become a mom. You don't know how lucky you are. The WFH jobs didn't exist not too long ago.

Exactly. And don't forget the paid six weeks of maternity leave this generation gets. I went into the hole and took leave without pay to take time off when my kids were born.

Anonymous wrote:

Anonymous wrote:Asset prices are insanely pumped right now, anyone just starting their career with no family money to help is screwed. Growth is probably going to suck for the next 20-30 years because of how overvalued the stock and real estate markets are right now. I’m pissed that I was born too late to benefit from any of it. Older generations got their 7%+ returns and now gen Z and younger millennials will be stuck with crappy 3-5% returns based on most forecasts.

OMG, shut up stupid entitled millennial/gen z brat. I'm so sick of you guys complaining all the time about how your lives are so hard, mommy/daddy are just awful people, blah blah blah. Grow up. You're presumably in your 30s you should consider acting like ite.

-Young Gen X.

+100-- Another Young Gen X

Anonymous wrote:

Anonymous wrote:Absolutely.

The way it’s currently operating it’s socialism for the boomers and the dregs of capitalism for younger millennials and zoomers. A modern FDR would serve us well.

The national debt is $31 trillion, and you want additional government spending?? How would additional spending work out? I think there is a huge amount of waste in Federal spending. It stimulates the economy but at what cost?

I feel the private sector is the real driver in the economy. With the rise in government spending you will see more red tape and lower returns in the stock market. The entrance of the federal government into student loans has led to a much higher rise in college costs as a prime example. And also in healthcare you see government involvement driving up costs. Our defense budget is bloated because government is very inefficient in its spending and procurement. I could go on.

This seems to omit that the big growth in government spending over the past decades has been support for retirees, veterans, the poor, and interest on the debt. Most government spending isn’t red tape, it’s things that benefit individuals. Reducing those causes pain.

In a hypothetical situation where someone dodges recessions from 1990s, 2001, 2008 and the rate increase of 2021.

In order to actually do well in any of those transitions besides being a mind reader you would have needed to know exactly when to divest and reinvest in other areas or not own for years at a time.

You can always beat the market by buying in say an unsafe neighbor like Trinidad and then they stop the shootings and make it nice. Boom doesn't matter what the market is doing. But you still need insider knowledge or luck to do that right.