Failure to Launch: Millennials Struggling with Adulthood

[ThisNThat]

This is an interesting article:

Failure to Launch: Millennials Struggling with Adulthood

Basically, due to the economy and the lack of higher paying jobs and with higher than ever college debts going through the roof (By the way, I know 40-somethings that still haven't paid off their college debts).

Rent was cheaper for Gen X'ers and so was tuition. But when the Millennium hit, enter the neoconservative and neoliberal policy as well as predatory capitalism in the past 2 decades. This time frame took a major chunk of the wealth making potential from the typical wage earner and guiding it to the top elites. Hard work today doesn't earn you crap as it did 20-something years ago.

Then you having rising rent, retirement ages, healthcare expenses, and so on, this explains why these young adult-aged people aren't "launching".

What surprises me is some may say these people are unmmotivated bums, but really, it's the above explained. And if you're a man dating in this world, and if you're Millineal aged, you're kind of screwed, yes? Sure, you may not have gotten that great job that's associated with your college degree, but if you're having to resort to work at a Home Depot or a Wal-Mart the rest of your life...well, that's how the cookie crumbles yes?

Perhaps you can be that stock boy that dates that cute cashier with 3 kids from 2 different fathers maybe?

 

[dustmuffin]

You are correct about University. I have no clue why it's so expensive. When I went my dad just pulled out his wallet and gave me the cash. It was cheap. First job out of college payed 30k. That was around 30 years ago.

 

[The Duke]

Bad economy might be part of the problem, but the I see a ton of poor social/people skills, poor customer service skills. If they can't text or rely on an electronic machine to converse or do something for them, then they are out to lunch. They have very little common sense and lacking critical thinking skills. Their work ethic is questionable.

I'd guess all of those fine traits won't help fix the economy either! The number of entrepreneurs is at an all time low as well.

 

[RangerMIke]

Cost of college is insane. I graduated in 1988, I was on scholarship, and worked part time in school so I graduated with no debt. That is almost impossible to do now a days. Tuition alone in a public university in the US runs about $7k a year, and that includes NOTHING ELSE.

I really do feel for the 20-somethings... we boomers have made a fvcking mess of the USA.

 

[Serenity]

Today people blame the government for a lack of jobs rather than go create some fucking jobs. The government can only assist in making it easier for people to start a business, but the people themselves still have to create the damn jobs.

My generation lacks creativity, the little creativity they have left goes into creating protest signs and trolling on the internet. They don't contribute to solving the fucking problem.

 

[ThisNThat]

Today people blame the government for a lack of jobs rather than go create some fucking jobs. The government can only assist in making it easier for people to start a business, but the people themselves still have to create the damn jobs.

My generation lacks creativity, the little creativity they have left goes into creating protest signs and trolling on the internet. They don't contribute to solving the fucking problem.

So I take it the whole sending out resumes and going out on interviews for a year and still not getting hired is the applicant's fault? Looking for a job is a job in itself.

 

[dustmuffin]

Cost of college is insane. I graduated in 1988, I was on scholarship, and worked part time in school so I graduated with no debt. That is almost impossible to do now a days. Tuition alone in a public university in the US runs about $7k a year, and that includes NOTHING ELSE.

I really do feel for the 20-somethings... we boomers have made a fvcking mess of the USA.

I think tuition for me ran about $600 a semester including books. My son is getting his paid for by the national guard. All he has to do is go to drill once a month and a few weeks in the summer. He will still have to pay for books and living expenses but I can help him with that. My goal for him is to graduate debt free. If he will live with me the entire time that will help quite a bit.

 

[Serenity]

So I take it the whole sending out resumes and going out on interviews for a year and still not getting hired is the applicant's fault? Looking for a job is a job in itself.

If there's too few jobs out there the logical solution is to create a job. That job might grow and be able to hire more people.

I'm not saying it's the applicant's fault, but it does become every applicant's problem if they're all looking for a job and nobody creates them. I'm saying they don't even consider the option of contributing to solving the problem they're complaining about.

 

[shesabranchswinger]

I don't want to be the fly in the ointment but have any of you ever worked with millennials. I worked for a fortune 100 company a few years back and with numerous millennials and there were fewer than a handful that were worth a dam. It's like the lot of them were on the spectrum and I'm not saying that in a derogatory way. It's like what ever they were good at their growth stopped there and they never grasped the big picture. So they could only do certain tasks but not the whole project. Maybe that was only where I was at but I noticed they did not have the drive or willingness to acquire the skill set needed to be productive member of a team or crew and their social skills were like they were at home and everyone at work was their mom. I guess that's what you get when everyone gets a trophy and their are no losers and your forced to wear a helmet just to ride you bike on the front lawn.

 

[MatureDJ]

This is an interesting article:

Failure to Launch: Millennials Struggling with Adulthood

Basically, due to the economy and the lack of higher paying jobs and with higher than ever college debts going through the roof (By the way, I know 40-somethings that still haven't paid off their college debts).

I went to college in the '80s and my tuition was from between $484 & $864 per semester. I got lots of scholarships so that I actually made money, even considering room & board, but even if I had not been given any scholarships and had no parental contribution, my student loan would have been less than $20K.

 

[MatureDJ]

Cost of college is insane. I graduated in 1988, I was on scholarship, and worked part time in school so I graduated with no debt. That is almost impossible to do now a days. Tuition alone in a public university in the US runs about $7k a year, and that includes NOTHING ELSE.

I really do feel for the 20-somethings... we boomers have made a fvcking mess of the USA.

At my alma mater, LSU is up to about $10K a year; with room & board, 4 years costs about $70K. YIKES!

 

[Tenacity]

This is an interesting article:

Failure to Launch: Millennials Struggling with Adulthood

Basically, due to the economy and the lack of higher paying jobs and with higher than ever college debts going through the roof (By the way, I know 40-somethings that still haven't paid off their college debts).

Rent was cheaper for Gen X'ers and so was tuition. But when the Millennium hit, enter the neoconservative and neoliberal policy as well as predatory capitalism in the past 2 decades. This time frame took a major chunk of the wealth making potential from the typical wage earner and guiding it to the top elites. Hard work today doesn't earn you crap as it did 20-something years ago.

Then you having rising rent, retirement ages, healthcare expenses, and so on, this explains why these young adult-aged people aren't "launching".

What surprises me is some may say these people are unmmotivated bums, but really, it's the above explained. And if you're a man dating in this world, and if you're Millineal aged, you're kind of screwed, yes? Sure, you may not have gotten that great job that's associated with your college degree, but if you're having to resort to work at a Home Depot or a Wal-Mart the rest of your life...well, that's how the cookie crumbles yes?

Perhaps you can be that stock boy that dates that cute cashier with 3 kids from 2 different fathers maybe?

I've been making these points for sometime now. I'm just waiting for someone to chime in about how you are thinking "too negative", how you should think "more positive"/expand your paradigm, and the law of attraction will magically change everything.

If there's too few jobs out there the logical solution is to create a job.

Finding a decent job and creating a decent job, are two extremely difficult challenges for the vast majority in my Generation (The Millennial Generation) today, that are coming from the "bottom up" without any strong networks, strong capital, etc.

Notice the keyword underlined is "decent". Oh yeah, you can FIND a job. And oh yeah, you can CREATE a job. The question will become is the job a decent one that will allow you to be able to provide for yourself and contribute to providing for a family?

- Robotics, technology automation, and globalization have decreased the number of decent jobs

- While at the same time, with "literally everybody going to college", you now have an over-crowding of people with degrees going after the same amount of decreasing number of decent jobs.

- Furthermore, 75% of the decent jobs aren't even fvcking POSTED anywhere. You only learn about them through niche/exclusive networks.

This means everybody isn't going to make it. And sure, they can create a job, but that job is most likely NOT going to be enough to sustain themselves. What they are likely going to have to do is perform multiple "so-so" jobs ("so-so" jobs through an Employer and "so-so" jobs they Create) to equal ONE decent job. They will be working harder and longer....for the same pay of a decent job. ALL of this while cost of living/inflation continues to go UP.

Retirement will be a LUXURY item. Remember how that convicted stock fraud was saying my "$1 Million Dollar Plan" is piker level? Smh, what an idiot. The reality is that if you are a person in my Generation and in 25 - 30 years you have $1 Million Dollars in a retirement portfolio, you without a shadow of a doubt will be a part of the Top 1% as "retirement" will be seen as a LUXURY. MOST (95% I estimate) in my Generation will never retire. They will be working until they die.

 

[bigneil]

This is an interesting article:

Failure to Launch: Millennials Struggling with Adulthood

Basically, due to the economy and the lack of higher paying jobs and with higher than ever college debts going through the roof (By the way, I know 40-somethings that still haven't paid off their college debts).

Rent was cheaper for Gen X'ers and so was tuition. But when the Millennium hit, enter the neoconservative and neoliberal policy as well as predatory capitalism in the past 2 decades.

Your generation has it worse, but look at some of your attitudes about money here.

Anyhow, it wasn't capitalism that did it.

It was having a privately owned Central bank printing Trillions to give to their friends so they could fund wars that caused the migrant crisis, and so they could have welfare programs so every non white person in America has 3 kids. They get to live rent free in Section 8 housing while anyone with a job pays double. That's why even though I live in a nice city my neighbors are on welfare. The Liberals insisted that we live the exact same life. In the old days we had the ghetto and the suburbs, and you worked hard to get out of the ghetto into the suburbs. Fat women said no fair and short, bald men really wanted to get laid so they said ok to welfare evening it all out.

When you double the money supply (by printing more) you double prices eventually.

You are correct about University. I have no clue why it's so expensive. When I went my dad just pulled out his wallet and gave me the cash. It was cheap. First job out of college payed 30k. That was around 30 years ago.

Same thing as housing. Now we have the college bubble. When you give out a mortgage and degree to every f*cking stupid ass-hOle, it raises prices for non-stupid, non-ass-hOles. Also, now a degree isn't worth a damn.

 

[RichardTheFrog]

You are correct about University. I have no clue why it's so expensive. When I went my dad just pulled out his wallet and gave me the cash. It was cheap. First job out of college payed 30k. That was around 30 years ago.

Maybe because they have to pay for their 10-acre campuses filled with every amenity imaginable, pay for their overpriced know-it-all teachers, not to mention pay for all the sports teams they have that travel across the country.

And they have to erect a golden statue of their mascot along with some former alumni who donated a bunch of money so he could have a building named after him.

I say just teach everyone from home over a computer. Many classes are online now, anyway.

 

[Trainwreck]

I found a gainfully employed stable job. I feel sorry for a lot of my friends because most of them work at small startups which will most likely rank when the economy shakes up again. They don't realize that the young guy making 50k and above will be the first to get laid off.

 

[ThisNThat]

At my alma mater, LSU is up to about $10K a year; with room & board, 4 years costs about $70K. YIKES!

Um, why would even want to waste money on anything associated with the university you went to? (unless that was your tuition $?) I get mailers from them asking for money all the time...I chuck 'em in the garbage.

See...money saved. That's good money management. ;-)

 

[ThisNThat]

I've been making these points for sometime now. I'm just waiting for someone to chime in about how you are thinking "too negative", how you should think "more positive"/expand your paradigm, and the law of attraction will magically change everything.



Finding a decent job and creating a decent job, are two extremely difficult challenges for the vast majority in my Generation (The Millennial Generation) today, that are coming from the "bottom up" without any strong networks, strong capital, etc.

Notice the keyword underlined is "decent". Oh yeah, you can FIND a job. And oh yeah, you can CREATE a job. The question will become is the job a decent one that will allow you to be able to provide for yourself and contribute to providing for a family?

- Robotics, technology automation, and globalization have decreased the number of decent jobs

- While at the same time, with "literally everybody going to college", you now have an over-crowding of people with degrees going after the same amount of decreasing number of decent jobs.

- Furthermore, 75% of the decent jobs aren't even fvcking POSTED anywhere. You only learn about them through niche/exclusive networks.

This means everybody isn't going to make it. And sure, they can create a job, but that job is most likely NOT going to be enough to sustain themselves. What they are likely going to have to do is perform multiple "so-so" jobs ("so-so" jobs through an Employer and "so-so" jobs they Create) to equal ONE decent job. They will be working harder and longer....for the same pay of a decent job. ALL of this while cost of living/inflation continues to go UP.

Retirement will be a LUXURY item. Remember how that convicted stock fraud was saying my "$1 Million Dollar Plan" is piker level? Smh, what an idiot. The reality is that if you are a person in my Generation and in 25 - 30 years you have $1 Million Dollars in a retirement portfolio, you without a shadow of a doubt will be a part of the Top 1% as "retirement" will be seen as a LUXURY. MOST (95% I estimate) in my Generation will never retire. They will be working until they die.

Right, all the time I keep seeing these "X company is laying off 1,000 employees!" I think I heard recently that Carrier will be laying off 600 people. Or how some dept stores are closing tons of their locations.

Agreed DECENT job is the operative word here. People are having to work 2 to 3 part time jobs to barely keep afloat...and these are all low paying 9 to 12/hour jobs.

 

[ThisNThat]

Furthermore, 75% of the decent jobs aren't even fvcking POSTED anywhere. You only learn about them through niche/exclusive networks.

Right...also it's WHO you know that gets you in. If you're related to someone, you're IN. Where I live, nepotism is BIG. I recall new hires following the boss to the HR manager and saying, "I just hired this guy, could you do some paperwork up for him?" and she's baffled because she knew of no opening...it's like they created a job out of thin air for his fishin' buddy. lol

One of the places I worked, someone demoted the experienced manager to asst. manager, and hired some dufus that was a fast food restaurant manger for a...get this...parts department at an auto service place. LOL! Turns out, he went to high school with one of the department managers there.

They will be working until they die.

Also, by then, there's this fear of a social security paycheck being no longer in existence in the future.

 

[RangerMIke]

At my alma mater, LSU is up to about $10K a year; with room & board, 4 years costs about $70K. YIKES!

Yep... we are the same age... my alma mater is Houston, and the now a days is $75K/4 years. When I was there I applied and received a few scholarships, one I remember was the Daniel B. Hadad Memorial Scholarship. it was $1,500 for anything I needed to spend money on.... THAT was a fortune in 1986 when I got it, and it made a REAL difference for me... Today most kids wouldn't even bother applying for a $1,500 ship because that amount makes no difference.

I'm hoping my kids end up at LSU and I've managed to set aside half of what they need for 4 years, I should have the other half in 5 years when they start. But in 5 years, the cost might go up to $100K!

One thing is certain... they are going to study something that has value after graduation, or I'm just using their college fund to buy a boat.

 

[Trainwreck]

Yep... we are the same age... my alma mater is Houston, and the now a days is $75K/4 years. When I was there I applied and received a few scholarships, one I remember was the Daniel B. Hadad Memorial Scholarship. it was $1,500 for anything I needed to spend money on.... THAT was a fortune in 1986 when I got it, and it made a REAL difference for me... Today most kids wouldn't even bother applying for a $1,500 ship because that amount makes no difference.

I'm hoping my kids end up at LSU and I've managed to set aside half of what they need for 4 years, I should have the other half in 5 years when they start. But in 5 years, the cost might go up to $100K!

One thing is certain... they are going to study something that has value after graduation, or I'm just using their college fund to buy a boat.

This is just my personal experience. Most of my peers that had their parents pay for everything in college faired off less than kids that paid everything or even partial.