ST Alpha - "The War Against Youth: The recession didn't gut the prospects of American young people. The Baby Boomers took care of that. -- (link)" (Reading a Post)

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The War Against Youth: The recession didn't gut the prospects of American young people. The Baby Boomers took care of that. -- (link)

Posted by ty97 Apr 4 '12, 07:21

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This Esquire article is resonating strongly with my 20-something friends. (www.esquire.com)

Responses:

[deleted] 7
- the difference in net worth between $11k and $3k helps make awesome percentage stats, but they both suggest young people are broke. - TFox Apr 4, 07:41 6
  - [deleted] 5
    - I think the point is the enlarging difference between the groups, not the absolute current difference. -- nm - ty97 Apr 4, 07:45 4
      - [deleted] 2
        
        There was a poll that asked specially "Have you delayed ____ because of the recession" - ty97 Apr 4, 07:57 1
        
        I'm inclined to trust anything that looks like a Hatch Show Print. Real talk. -- nm - TFox Apr 4, 07:58
      - sure, but it looks to my untrained non-economist eye that 25 years of inflation would help that 65 year old number... - TFox Apr 4, 07:49
maybe they'll put down their iPhones long enough to do something about it - pixitude Apr 4, 07:37 14
- I was also thinking that part of the problem is that young people spend a ton of money on unneeded crap - zork Apr 4, 07:42 13
  - iphones vs. student loans is nothing. -- nm - loosilu Apr 4, 07:45
  - Are people in their 20's really going for the large houses in gated subdivisions at the end of a cul-de-sac? - Strongbad Apr 4, 07:45 1
    - the only way they can do that these days is if Daddy buys it. -- nm - loosilu Apr 4, 07:45
  - not the under 30 folks I know. -- nm - decline Apr 4, 07:44
  - Young people can hardly get jobs, I'm not sure they are buying big houses. -- nm - ty97 Apr 4, 07:44 8
    - I mean that when they do finally buy a house, it has to be huge to hold everything. -- nm - zork Apr 4, 07:47 7
      - My experience with my 20-something friends is probably the exact opposite. -- nm - ty97 Apr 4, 07:48
      - I don't know ANYONE including folks in their 30s and 40s who could buy a big house right away. -- nm - loosilu Apr 4, 07:48 5
        
        We considered it... bank-owned foreclosures, of course. - Strongbad Apr 4, 07:50 4
        
        oh sure, ruin everything. :) - loosilu Apr 4, 07:52 3
        
        No. -- nm - Strongbad Apr 4, 07:53 2
        
        good for you. :) -- nm - loosilu Apr 4, 07:55 1
        
        GA Housing prices are much much different than VA/DC. -- nm - Strongbad Apr 4, 09:05
my dad warned me about this years ago. very depressing. -- nm - loosilu Apr 4, 07:30 7
- High school social studies teachers mentioned it, and my generation is feeling it. - ty97 Apr 4, 07:35 6
  - I really feel for them, honestly. the student loan situation by itself is horrible. -- nm - loosilu Apr 4, 07:36 5
    - I do feel that the student loan situation would be helped immensely by market pressure. - TFox Apr 4, 07:38 4
      - I think there's a long way to go before the elite colleges would feel the pressure. there are more than enough rich kids and/or kids willing - loosilu Apr 4, 07:40 3
        
        the elite colleges have billion dollar endowments. it's the other schools who depend on $20k+/year in federally-subsidized loans per student - pixitude Apr 4, 07:42
        
        well right, there's a ton of schools that cost more than $30k a year that aren't Harvard. -- nm - TFox Apr 4, 07:41 1
        
        but which one is going to be first to admit it? -- nm - loosilu Apr 4, 07:42
This article has been depressing me for a day now. -- nm - ty97 Apr 4, 07:28 2
- We need to Soylent Green these mofos! -- nm - Roger More Apr 4, 07:33 1
  - :-( -- nm - MojaveMeg Apr 4, 07:37

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