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Originally posted by YayMayorBee
Gen X'ers were learning exel in college the same time I had it in 7th grade.
So I can either pay a Gen Xer $85k a year (which he demands for is work experience, education, and his family/personal needs)
I can pay a Y'er $35k a year (which is a lot of money when you're 22)
"Generation Xers are woefully under-saved for retirement, but to turn things around and get them on track for a secure retirement, education will be critical," she says. The irony is that education got Gen X-ers into debt in the first place.
Yahoo news / Generation debt good bad and ugly
The collapse of the housing market has hit X-ers hard. X-ers too often overpaid for properties which are now underwater and may never return to their purchase prices. What’s more tougher credit market standards will lock many out leaving them marooned, impecunious, and miserable, thereby producing lots of unhappy X-ers and broken marriages.
Originally posted by Destinyone
All of your money, is now being diverted into massive entitlement programs, that do nothing to bolster the workforce.
Generation X — whose members include Google founders Larry Page and Sergey Brin, both 38, and Facebook Inc. Chief Operating Officer Sheryl Sandberg, 42 — is much smaller than its predecessor. “When boomers were in middle management, they didn’t have pressure from Generation X leapfrogging them because it’s not a huge group,” says Hewlett, who is the director of the Gender and Policy Program at Columbia University’s School of International and Public Affairs. “We think that Generation X is certainly feeling this more strongly because the boomers are delaying retirement.”
Generation X caught behind wall of Boomers
Originally posted by Krakatoa
You had a hard life, awwww..... poor thing. Tell that to the woman I work with from Mexico, who snuck out in the middle of the night, at 14, swam across the Rio Grande, got into this country, and then worked her butt off and spent YEARs trying to get her U.S. Citizenship (which she finally did). I'll bet you don't know what a tough life is, other than not having an iPhone with an unlimited data plan.
Originally posted by mikegrouchy
So which is it?
Are we "woefully" undersaved,
or did we cause it?
Originally posted by mikegrouchy
Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded -- here and there, now and then -- are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.
This is known as "bad luck".
- Robert Heinlein
when ever I tried to discuss this...
there were just too many other topics going on.
This passed through the news mill ...
Huffington / Generation X has suffered massive loss of Wealth
in June 2012
I blame the boomers.
I blame the gen-y, and later...
Originally posted by BlueMule
Originally posted by ollncasino
reply to post by mikegrouchy
One thing is for sure. Early baby boomers had a much easier time in the job market. For most of them ,when they joined the job market, they could leave one job in the morning and get another one in the afternoon.
Later Generation X by contrast often found it very difficult to get a job at all or to start a career. A fact that was sometimes met with credulity by baby boomers who couldn't quite understand that the world had changed.