the next recession will destroy millennials redditmsci world ticker

The current older generations will still be a very significant voting population a dozen years from now and with issues like climate change that poses a huge existential threat where time is of the essence we need to get more people involved sooner or we're fucked.You stumbled upon the real division, it's class warfare not generational that we need to focus on.Problem is it is a generational divide: one side had it pretty good, are pretty insular and want to go back to some unobtainable past. I wasn't informed.Wealth class wealth grew by enormous amounts and multiples.We rewarded wealth and banking for this disaster, so you know it will happen again unless we have a fight for the middle class push but right now all policies put everything on the backs of middle class.Middle class helps support both the lower and upper class, wealth does trickle down from middle to lower but upper class only invests if middle class has money. Boomers are not doing anything to start a recession anymore then millenniums are.Millennials lost 40% of their 401k in 2008, and overloaded with debt and urban housing they can barely afford, will be unable to sustain through the next global recession.Only if they pulled their money out of the markets in 2008 and never invested again. Comments which merely react to the headline or otherwise break RVI will be removed. That did not just mean a few years of high unemployment, or a couple years living in their parents’ basements. When the middle class stagnates, that hits both the lower and upper class. Already the next recession is looming. The Next Recession Will Destroy Millennials.

r/PersonalFinanceCanada • Posted by. Remember that as per Rule VI all comments must substantially engage with the economic content of the article. r/wallstreetbets: Like 4chan found a Bloomberg Terminal. The Next Recession Will Destroy Millennials. So all the histrionics are, in my opinion, unnecessary.I graduated in 09 so it is really the only one I know. This post has seen a large number of rulebreaking comments.

How are the prospects for Gen Z?I hope you’re right. At 75 life expectancy goes up to 87. The last one already destroyed millennials. Here is why I think soShared economy isn’t working. I tell you what. All of this is to say that this change as a result of them dying off won't happen as quickly as many people think it will and we can't rely on it. Millennials are already in debt and without savings. Since it’s freakin tragic. Millennials lost 40% of their 401k in 2008, and overloaded with debt and urban housing they can barely afford, will be unable to sustain through the next global recession. Capitalist economies always have a boom/bust cycle. Without good leadership and skilled expert team there’s no one to direct all the complicated controls.Nature - climate change with a combination of polical instability like brexit, trump, Hong Kong, trade wars can trigger global catastrophe.I really hope I’m wrong but I simply don’t have the confidence.This is exactly my thoughts. But I feel this recession can be worst. Certainly not debt riddled millennials.why do you think it wont be as catastrophic as the last one?I'm sorry, how can you say a recession is not certain? The Next Recession Will Destroy Millennials. De Blasio extends state of emergency in New York for another 30 days. They're definitely evil.Personally I think people just look to blame someone else for these issues. After the next downturn, they’ll be in even bigger trouble. level 2 Comment deleted by user 10 months ago More than 1 child 2019: A decade of "austerity", we're not even truly out of a recession. It's a feature of the system, there will always be another recession. When middle class has money the lower/middle trickle up to the upper class which leads to more investment. u/vicintoronto.

Misc. Uber , Wework are all under massive losses. Misc. But to say a recession in the future is uncertain is ignoring how the system works.you think we legitimately healed from the last one?

If it gets bad enough I think our already left of center age cohort will truly turn into a massive progressive voting Bloc as the boomers are dying and maybe we can really reshape the policies in this country to save our kids and our planet.I also try to keep in mind that the pitting of one generation against another only serves to further splinter this progressive movement, and really most boomers are just doing what's good for their pocketbooks, not overtly evil and trying to harm their kids and grandkids. Any millennial that doesn't lose their job will be doing much better than other generations because we can start saving for retirement while investment prices are deflated. The next recession will destroy millennials Annie Lowrey 8/30/2019. 6 hours ago. And what about homes? With downturn they can go belly up.Automated trading - when things go bad they can go bad very fast.Banks are way too bigger to fail now than last recession.Panic with poor leadership - in a complex global economy, intangible assets have bigger value. Press question mark to learn the rest of the keyboard shortcuts Are they too struggle all their lives while carrying the country/nation's debts?

The cycle starts with middle class having consumer spending power though... but all policies are eating that away.Stagnation in actual wages (not real compensation bs) is a problem. I tell myself this everyday hoping that it is the case.The large quantities of debt that can't be discharged by anything short of dying is the killer.I think the main faulty argument is suggesting that millennials will be hit hardest by another recession. Our generation's accumulated wealth is way behind that of our parents by the same age.Yeah, like when did the first recession end? The average person that makes it to 65 though is expected to live approximately another 18 years to about 83.

This is why I chose a safe career, my sector is pretty much recession proof, as long as there is appetite for gambling and prostitution, the mafia will survive, suck on that millennial bitches Well said.One thing that is helpful when thinking about the potential impacts of a recession is to remember that this recession is unlikely to have the same level of intensity that the great recession did.New comments cannot be posted and votes cannot be castNews and discussion about economics, from the perspective of economists.Press J to jump to the feed.

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