Millennials may end up being the first generation in over a century to have suffered a recession when entering the job market and then suffer a recession when starting a family. amirite?
A century is not that long ...its less then a life time...i do agree with millennial s here...if boomers had any kind catastropheophe we might be storger today ... But boomers never had to deal with problems so now as leaders they are very detached from reality
I'm a late boomer (1962) and have very little in common with earlier boomers. First job (recession of the late 70's/early 80's! Start family (recession of the late 80's)
Dead on accurate! I was in college during the first recession with limited job market and decided to go to grad school to improve employment prospects. Today, I had a 3 month old and we are trying to figure out how to lay down roots but not sure what the job market holds.
Except we don't know how bad it's going to get and for how long. 2010-2011 were the worst years resulting from the 2007-2008 in terms of unemployment. The damage from this will be felt for many years.
Don't be silly. If you were born around 1915, you came of age during the depths of the depression, and you would still end up getting drafted and fighting in the biggest war the planet has ever seen.
Well, if you want to get picky about it, the biggest war the planet had ever seen was also an insanely huge economic boon for the US. So if you made it, you were in extremely good shape compared to today's 30-40 year-olds.
I'm just going pay for internet and of course weed and food. Attempt to file for emergency unemployment again this week something due to an increase volume of calls
In a decade maybe. Recessions happened early 90s, early 2000s, and late 2000s, and they happen about every 6-9 years historically.
I entered the job market in 91 (recession) and started a family in 2000, right before things crashed. First job out of college was at $9/hour and I got laid off 7 months after my daughter was born. I landed on my feet just fine, just kept moving forward.
You gotta experience the bad to truly appreciate the good.
Or graduate college during the great recession. Finally decide that the stalled career wasn't working out, go back to college just in time to graduate during the next recession!
Lol start a family. Millenials are trying to pay their bills. The only people with kids from my age group (33) are the ones with rich parents that bought them houses etc
Have you tried cutting your Starbucks and avocado toast budget? When I cut mine, I found that I suddenly had more than enough to pay rent and start saving! Give it a shot!
Nope. Recessions happened much more frequently prior to 2008 then they have since. We are just coming out of the longest period of sustained growth in US history. Get your facts straight.
Don't discount all the people near retirement who may never see their money again. We're already anticipating a nursing and health care shortage for seniors. Having their retirement funds wiped out will be catastrophic.
I legit just graduated on the 13th and had this job lined up 3 weeks before graduation, did their online safety trainings etc. They were waiting for me to finish classes and now they have no idea when I'll be able to start work because this pandemic has effected business. Also I quit work to focus on my schooling. So I've already been using my savings for car payments, cell phone etc.
I mean, there was 1927 through to WWII...
I graduated and entered the work force in 2008. Today my first born is 3 months old.
Graduated in 2012, first born was born in 2010...
So in 12 years from now I earn a reasonable amount of money?
A century is not that long ...its less then a life time...i do agree with millennial s here...if boomers had any kind catastropheophe we might be storger today ... But boomers never had to deal with problems so now as leaders they are very detached from reality
Having never known real struggle
Graduated in 2009, first born coming this week
That's the way, King.
*Queen, but thank you
My apologies.
So we're just going to ignore the Dot Com recession in 2001... Ok
then don't start a family?
This is large reason my wife and I aren't having kids. Not the main, but it's in the list.
Just learn from it, and don't grow up to be assholes like our parents did.
Stay well.
Wait I'm 22, does that make me a Millennial or not?
No. You'd be on the older side of Gen Z. I believe the cut off year for millennials is 1996, so you would have just missed the cut.
Nope, 96 is what is generally counted as the cutoff year for millennials being born. You're gen Z.
If you remember 9/11 when it happened...
I dub thee, Millennial
Nope. You're a Zoomer. Millenial birthdates rang from 1980-ish to 1995/6.
Gen Z here! Graduating college in 3 months. Can't wait to get the millennial treatment!!
Well, learn from it, and don't grow up to be "whatever", like we did.
All boomers aren't assholes some are already dead.
I'm a late boomer (1962) and have very little in common with earlier boomers. First job (recession of the late 70's/early 80's! Start family (recession of the late 80's)
My boot straps are literally over my head and I still can't advance because of double dipping pensioners.
401k getting devalued daily don't worry gang
Amen my friend.
Yeah between student loan and car payments my fiancée and I can't even afford a house let alone children
Dead on accurate! I was in college during the first recession with limited job market and decided to go to grad school to improve employment prospects. Today, I had a 3 month old and we are trying to figure out how to lay down roots but not sure what the job market holds.
I am straight up not having a good time.
Yeah it's rough. It almost has to get better after it gets worse tho.. so uh .. there's that.
You say that... but like it doesn't have to get better. loltc <—- laughs out loud then cries
Except we don't know how bad it's going to get and for how long. 2010-2011 were the worst years resulting from the 2007-2008 in terms of unemployment. The damage from this will be felt for many years.
Don't be silly. If you were born around 1915, you came of age during the depths of the depression, and you would still end up getting drafted and fighting in the biggest war the planet has ever seen.
But they were in their 30's/40's during the greatest economic period of American history, so it gets better?
But.... That's more than a century ago.
The biggest war the planet has ever seen so far.
What is it that you imagine was meant by "in over a century" in the title? Was that section optional reading?
Well, if you want to get picky about it, the biggest war the planet had ever seen was also an insanely huge economic boon for the US. So if you made it, you were in extremely good shape compared to today's 30-40 year-olds.
I can't even imagine. Those people were heroes.
That‘s probably why it says „in over a century"
I am starting to see a pattern here that I am not sure I like
That recessions come and go?
another world war
Then we're going to get blamed for all of it.
Haha jokes on them... ohno wait I did start a family...
Who were the Presidents at the time of these recessions?
Well I'm still too broke to afford to eat
Sell the baby and buy some cheap stocks. Then have another, hopefully cuter, baby.
Inside knowledge of future Black Mirror episodes?
Chose not to start a family after the first one
Born in 1992. Got my first job around 2008 and have twins on the way due in July. 2 for 2. Impeccable timing.
What happens when your bootstraps tear off, is that good?
People start families? Weird
I'm just going pay for internet and of course weed and food. Attempt to file for emergency unemployment again this week something due to an increase volume of calls
Hopefully there will also be a recession when I'm getting ready to retire.
I'm going for the hat-trick.
In a decade maybe. Recessions happened early 90s, early 2000s, and late 2000s, and they happen about every 6-9 years historically.
I entered the job market in 91 (recession) and started a family in 2000, right before things crashed. First job out of college was at $9/hour and I got laid off 7 months after my daughter was born. I landed on my feet just fine, just kept moving forward.
You gotta experience the bad to truly appreciate the good.
Smooth sees never made for good sailors hey
Yo some of us out here not doing either and still broke af somehow
Trust me it sucks
But "Give me a break..." and "Back in my day..."
Luckily enough- ,oh wait I'm not a millennial...
Or graduate college during the great recession. Finally decide that the stalled career wasn't working out, go back to college just in time to graduate during the next recession!
Lol start a family. Millenials are trying to pay their bills. The only people with kids from my age group (33) are the ones with rich parents that bought them houses etc
Lol some of us are still too broke to have started a family.
Lol, I'd settle on a car from this decade and a livable wage.
A family?
I'm still saving for a second pair of pants.
I'm 28 and I think I can count the number of items of clothing I have purchased for myself on one hand
Have you tried cutting your Starbucks and avocado toast budget? When I cut mine, I found that I suddenly had more than enough to pay rent and start saving! Give it a shot!
/s
Oh look at Mr fancy pants here who can afford pants
Feels like the prettiest girl at the dance.
Who needs pants when you could just wear that towel you found in the dump!
Who needs pants when you're at home all day social distancing?
Thats what Im talkin about. Weed and no pants with distant whispers of a $1000 check.
Welfare???
Well look at you all bougie, living in a neighborhood that has a dump…
It's not a legit dump, just an abandoned lot where everyone throws their old appliances and doll eyes.
Well look at you all bougie, living in a neighborhood that has abandoned lots with doll eyes
You can use those as hair accessories and make a Doll-eye Parting.
Jolene, Jolene, Jolene Joleeeene...
dumpster diving gang rise uppp!!!
We'll be like a discount version of the Sunny gang.
...that's pretty low.
Are you wearing a grocery bag?
Or to have bought a house or had any meaningful amount of money saved up
Family? I'm thinking of ending the genetic linage.
Hey just wait till your $1000.00 cheque comes!
Imagine having kids - this cheque would last about... a week.
You mean my wife's second check.
Literally what I came to say lol. Even thinking about a house or family until I'm 50 seems like a joke.
So damn true
*most
None of my friends have and we're right at that age..
Millennials are hitting 40 this year. I suspect a lot of those that are ever going to start a family may already have done so.
38. But it's true, Elder Millenials are raising young Gen Z's.
Elder Millennial sounds pretty badass. Some kind of extraplanar d&d creature or some Lovecraftian horror maybe.
I'm 31. Got married six months ago. Planning on starting a family later this year.
Maybe.
First real job in summer 2008. In banking. Lost it. Took forever to get back up the ladder. Had a kid 5 months ago.
Times up. Let's do this!
Nope. Recessions happened much more frequently prior to 2008 then they have since. We are just coming out of the longest period of sustained growth in US history. Get your facts straight.
Bold of you to assume I had the money or self-esteem to start a family.
The damn thing's been a recession
1990:1991 then 1997 was a down year then 2001/02 —9/11 and 2008/2011 full fubar
It's happen before and will again
You guys want families?
my brother got his first real job just 2 months ago
And the boomers will still complain that they had it the toughest!
Jokes on them. I never had enough money to start a family to begin with after the last recession. Thanks Avocado Toast.
I tip my daily Starbucks cup to you
and then suffer a recession when retiring...
You say that like we're gonna _be able_ to retire
Well... we do have a recession every 10 years and millennials age group spans like 15 years so naturally this would be true.
Don't discount all the people near retirement who may never see their money again. We're already anticipating a nursing and health care shortage for seniors. Having their retirement funds wiped out will be catastrophic.
It's ok, euthanasia is here to save the day!
They'll do what they did last time - stay in the work force and increase unemployment for the younger generation.
I see 23 yr olds talking about promotions . When I was 23 (2008) jobs didn't exist, let alone promotions
Meh, there's more to come. The longer you live, the more you live through.
We also went through Dot Com bust, 9/11 and the short recession that followed. All right around the start of adulthood for us older Millennials.
I think this is the winter coming. We've all been sweet summer children until now.
On the bright side I haven't lost a cent with the stock market crashing because I have nothing to lose!
Sorry. We have had a recession almost every 10 years or so, since the great depression.
Some larger, some smaller. But every decade has had one
Finally someone else who knows the basics of macro economics.
That's why I ordered extra strength boot straps off amazon
Stay down. Final warning.
When supposed to start a family
I have great opinions on my parents.
Want to hear then?
I legit just graduated on the 13th and had this job lined up 3 weeks before graduation, did their online safety trainings etc. They were waiting for me to finish classes and now they have no idea when I'll be able to start work because this pandemic has effected business. Also I quit work to focus on my schooling. So I've already been using my savings for car payments, cell phone etc.
Australia gang
All good man! We are used to it at this point. Managed to pull investments out of the stock market ahead of the crash this time!
Honestly that's a sucky thing to think about...