Goddamn Millenials!

Content 18+ Typically, it's Eric who responds to me, but presently, as I peruse his articles, I find I've got a thing or two to pass on to him. You discourse on contemporary existence, nascent generations, ignorance, and technological enslavement...

Ah, the very word 'Millennial' seems to drip with disdain from the lips of many a Baby Boomer. They look upon this younger generation and see a landscape littered with perceived laziness, a lackadaisical work ethic, an addiction to technology. "Why can't they just pull themselves up by their bootstraps, like we did?" they question from their suburban homes bought in an era of economic prosperity. A fascinating perspective, indeed.

This is a veneer of reality that the Boomers have imposed upon Millennials. They see the world as they believe it to be, not as it truly is. They fail to recognize the myriad of obstacles this younger generation faces; a labyrinthine economy, an inflated housing market, and a world where a bachelor's degree is as common as high school diploma was in their day.

The Boomers were born into a world tangled in war but emerged into an era of unprecedented growth. Jobs were plentiful, education was affordable, homes were reasonably priced. The American Dream wasn't just achievable; it was expected.

Yet they gaze upon Millennials and wonder why they can't replicate their success. The reason? The world has changed. The rules have changed. The game has changed.

Consider the housing market, a battlefield of skyrocketing prices and dwindling availability. Boomers, comfortably situated in homes purchased during economically favorable times, question why Millennials can't emulate their success. They recount tales of their own hard work and perseverance leading to home ownership, but these stories gloss over the fact that the modern housing market is a drastically different beast.

In many urban areas, housing prices have not merely risen; they've soared to vertiginous heights, far outpacing wage growth. In cities like San Francisco, Seattle, and New York, median home prices are now seven times that of the median income. This isn't a matter of Millennials unwilling to pull their weight; it's a Herculean task to heave such weights off their shoulders.

Now turn your attention to education. A bachelor's degree, once a golden ticket to middle-class stability, now bears more resemblance to a lottery ticket. It could pay off handsomely or leave you mired in debt with little return on investment.

Millennials are often buried under an avalanche of student loan debt for degrees that no longer guarantee high-paying jobs or career stability. Student loan debt in America has reached a staggering $1.7 trillion in 2021, according to Federal Reserve data. It's not that Millennials are recklessly accumulating debt; they are merely playing by the rules set by previous generations and finding themselves financially shackled in return.

And yet, in spite of all these challenges, Millennials continue to innovate and adapt. They are shaping new industries, advancing technology, and advocating for social change. They are not the lazy, unfocused individuals as they're often portrayed. They are survivors in an economy that too often feels like it's rigged against them.

Indeed, Eric, the irony of the situation is that your current income, along with the income of many Boomers, is largely derived from the very generation often maligned for their perceived shortcomings. Millennials, and indeed the younger Generation Z, are paying their dues, contributing to taxes that support retirement funds and pensions that Boomers enjoy. And yet, it's a one-way street paved with unfulfilled promises.


2 thoughts on “Goddamn Millenials!

  1. Moreover, the reflection on intergenerational economic dynamics adds a layer of complexity to the discourse, highlighting the interconnectedness of past and present, and the responsibilities that come with it.

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