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Eighties Babies Are Officially the Brokest Generation

Eighties Babies Are Officially the Brokest Generation

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Contributions

  • Some of my peers in the millennial generation may disagree with me but I think many of the choices made by people currently in their twenties has been driven by a superficial desire to appear as though they have the perfect life. More than any generation before this generation is willing to max out loans

    Some of my peers in the millennial generation may disagree with me but I think many of the choices made by people currently in their twenties has been driven by a superficial desire to appear as though they have the perfect life. More than any generation before this generation is willing to max out loans and credit cards for the nicest cars, trendy clothes, the takeout meals, morning latte’s from a shop and weekly happy hours at the newest restaurants, done at least in part, for the sake of appearances. I would even wager a portion of our generation went to college not because of internal drive or interest, but rather because that is what is expected if you want to be perceived as successful. And it’s all perfect fodder for the social media everyone is obsessed with… or did social media drive this shift?

  • This is sad because the 80’s babies are the parents now that should be teaching the next generation about becoming financially stable. Hopefully we can learn from our mistakes and help educate the new generation how to learn from our mistakes.

  • Anecdotally, absolutely true. But there is also the potential that the previous generations’ measures of wealth may not be relevant here — we are working longer, living longer, marrying less, and having fewer children. We aren’t sure what that means quite yet.

  • Fact Check: True.

  • What bothers me most about this article is the pretense that generations aren’t connected. If housing prices rally and so drive up the assets of those born in the 60s, they don’t do that in a vacuum: it will be that much harder for the next generation, who can’t buy those houses. The shift in educational

    What bothers me most about this article is the pretense that generations aren’t connected. If housing prices rally and so drive up the assets of those born in the 60s, they don’t do that in a vacuum: it will be that much harder for the next generation, who can’t buy those houses. The shift in educational requirements (and tuition hikes), etc. are all part of a system driven by those older than the people who typically pay the costs. So it shouldn’t be surprising that when you refuse to give up your wealth, those younger than you don’t have any.

  • I don’t think there is any ‘should’. As a result of global factors, life choices, and market timing some people strike it rich... and then there is the rest of us, toiling day by day to make ends meet.

  • So much context is not here, for example the job market. We are heavy on service oriented jobs, moving rapidly toward a freelance/contact worker based marketplace according to many reports and the nature of work is constantly evolving. There were no or real few “social media managers” ten years ago and

    So much context is not here, for example the job market. We are heavy on service oriented jobs, moving rapidly toward a freelance/contact worker based marketplace according to many reports and the nature of work is constantly evolving. There were no or real few “social media managers” ten years ago and maybe none in the future says some studies. People are making less, employers are contributing less to their financial future and thus the ability to potentially “build” wealth changes relative to buying a home or anything else.

  • Someone actually let that headline through the copy editing process.

  • I have seen kids from 12-18 have no interest in schools. Their interest is on drugs and welfare for their support and child tax . Also let their grandparents and parents look after their kids. Facebook is what they all believe in. It’s kids taking care of kids. I see no future for these people. Education

    I have seen kids from 12-18 have no interest in schools. Their interest is on drugs and welfare for their support and child tax . Also let their grandparents and parents look after their kids. Facebook is what they all believe in. It’s kids taking care of kids. I see no future for these people. Education does nothing for them but provide a job for the teachers .

  • "Gen X levered up to buy actual assets.." as the most educated generation, you'd think our broke asses would catch on. 😉