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Economy => Economics => Topic started by: shanhaigamefi on August 01, 2024, 10:00:34 AM



Title: Millennials Get None of the Era’s Dividends!
Post by: shanhaigamefi on August 01, 2024, 10:00:34 AM
Hey, Millennials — the generation that grew up with the internet and smartphones — do you ever feel like you’re the forgotten children of history? We were once told to work hard, study diligently, and the world would be ours. But reality seems to have a different script for us. From financial crises to high inflation, Millennials have experienced a series of “missing era dividends,” as if the world owes us a check that never gets cashed.

The Baptism of the Financial Crisis
The 2008 financial crisis was a major setback. Just as we were gearing up to make our mark, the economic wave crashed over us. The job market turned into a post-apocalyptic scene, with unemployment rates soaring and newly minted graduates taking any job they could find. Picture someone with a master’s degree working at a coffee shop — sounds inspiring, right? Actually, we’d prefer stable career paths over “starting from the bottom” motivational stories.

The Cutthroat Job Market
The job market is like a giant gladiatorial arena, where a high degree is the bare minimum. Our generation not only competes with peers but also with overqualified “gods” in the job market. Internships, gig work, and temp jobs have become the norm. Job stability? What’s that? Sometimes, it feels like we’re starring in a workplace version of “The Hunger Games.”

The Pandemic “Assist”
Remember the COVID-19 pandemic? That really added insult to injury. Remote work sounded like a dream at first, but we ended up as 24/7 on-call “work machines.” Those once-clear career plans were turned upside down. Mental health? In this “work frenzy,” anxiety and stress became our new normal. Plans and goals seemed to vanish overnight.

The Squeeze of High Inflation and Rising Interest Rates
Next, welcome to the era of high inflation and rising interest rates. House prices skyrocketed, leaving us staring at our dream homes from afar. The constant rise in student loans and living costs made it hard to breathe. Financial security became the top priority, and major life decisions? They had to wait. More and more Millennials are delaying buying homes and starting families, simply because their wallets can’t keep up.

Work hard to make money, but the wallet stays empty
In this environment, financial security became paramount. According to a global survey by payroll services company ADP, only 25% of Millennials (ages 24–34) prioritize enjoyment in their daily work when choosing a job, compared to 45% of Baby Boomers aged 55 and over. Instead, 56% of Millennials prioritize salary, a higher percentage than the 44% of younger employees aged 18–24. Millennials also value career development opportunities more than other age groups. We’ve turned into realists because dreams don’t pay the bills.

Despite working hard, many Millennials feel they’re not getting the returns they deserve. Job satisfaction surveys reveal that many Millennials are dissatisfied with their salaries, work environment, and career development opportunities. Stagnant wage growth and career bottlenecks make it difficult to find a sense of achievement and satisfaction at work. This not only affects personal career happiness but also has a negative impact on the economic vitality of society as a whole.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: Poker Player on August 01, 2024, 01:43:03 PM
I don't quite see what "dividends" have to do with it. I understand that it is said in a metaphorical sense, within the historical account you make but for comparison maybe you would like more to have enjoyed the dividends had you been born another time, as it seems to be understood, but don't compare yourself only with the boomers, man. Try comparing yourself to those who had to go to WWI or WWII and enjoyed the "dividends" of dying in it or coming out alive after seeing atrocities and with post traumatic stress the rest of their lives.



Title: Re: Millennials Get None of the Era’s Dividends!
Post by: bitmover on August 01, 2024, 05:11:49 PM
Hey, Millennials — the generation that grew up with the internet and smartphones — do you ever feel like you’re the forgotten children of history? We were once told to work hard, study diligently, and the world would be ours. But reality seems to have a different script for us. From financial crises to high inflation, Millennials have experienced a series of “missing era dividends,” as if the world owes us a check that never gets cashed.

I dont agree with that. Especially because I am a millennial.

I think millennials were very luck.

The 2008 economy crisis was basically a buying opportunity. SP500 sky rocket since millennials started to make money:
Since 2009, when most millennials were beginning their carrers, sp500 increased 500%, an amazing opportunity.

https://talkimg.com/images/2024/08/01/5Cfbg.png

Do you want more dividends than that?

Also, US market is still booming, there are basically jobs for everyone

https://th.bing.com/th/id/OIP.qCYtJQDbjTGasc0vWXz3uwAAAA?rs=1&pid=ImgDetMain


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: Juse14 on August 01, 2024, 05:45:56 PM
As inflation soars higher and interest rates creep up, the dream of owning a home and achieving financial stability slides further out of reach. A lot of people hold off on big life choices like getting a house or having kids until they're more stable financially. When thrust into these situations, one's drive for achieving top-tier financial security takes center stage and oftentimes supersedes finding any enjoyment out of our day-to-day work.

Working hard but feeling like you're not reaping the rewards? Stuck with stagnant wages, no career advancement opportunities, and an unfulfilling work environment? It's what leaves many of us dissatisfied, not just in terms of our own personal happiness but also as a drag on overall economic vitality. Given all that, we have to continue adapting finding ways to bring stability and fulfillment into our lives.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: odolvlobo on August 01, 2024, 06:32:48 PM
It's funny listening to people complaining about how they are suffering from inflation and high interest rates as if they have never happened before. Today's rates are nothing compared to rates in the 70's and 80's. And let's not forget that inflation and interest rates have been unusually low for the previous 20 years.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: WillyAp on August 01, 2024, 09:03:34 PM
It's funny listening to people complaining about how they are suffering from inflation and high interest rates as if they have never happened before. Today's rates are nothing compared to rates in the 70's and 80's. And let's not forget that inflation and interest rates have been unusually low for the previous 20 years.

1st world people of the millennium gen, use a car, holidays, eat out on the street and wonder why they don't have more than the gen before. 


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: JeffBrad12 on August 02, 2024, 03:09:52 AM
the jobs and education is more accessible than ever, so of course there will be competition since other people also want to get rich as well and as a result, the difficulty in the competition increase while the pay and wages stays the same.

this however simply means that the world has changed and some people aren't used to it, right now if you want to be rich, you need to do different, taking the same career path as your parent won't guarantee a thing since the condition is different compared to back then, and competition increased but what I found to be interesting is that, the entertainment industry and any other creative industry that requires personal branding e.g influencer yield better income than the conventional 9-5 jobs with prerequisites that you're good enough and could actually build personal branding. the millenials that ventured into this category often do so well.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: sunsilk on August 03, 2024, 06:49:52 AM
I think millennials were very luck.
I agree.

Millennials are in the middle of the old and traditional ways as well as the futuristic approach together with the service economy and gigs. So, being in the midst of the tech revolution, it's actually a blessing.

You get to choose what you are up to and how you'll be able to take advantage of the innovation of technology.

Despite working hard, many Millennials feel they’re not getting the returns they deserve. Job satisfaction surveys reveal that many Millennials are dissatisfied with their salaries, work environment, and career development opportunities.
Not all I guess.

But the mere problem is about the competition in the job market and individuals financial literacy could be a factor of it.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: Qiubell5 on August 03, 2024, 08:20:25 AM

Hey, Millennials — the generation that grew up with the internet and smartphones — do you ever feel like you’re the forgotten children of history? We were once told to work hard, study diligently, and the world would be ours. But reality seems to have a different script for us. From financial crises to high inflation, Millennials have experienced a series of “missing era dividends,” as if the world owes us a check that never gets cashed.

indeed the millennial generation is like that now, because they follow the increasingly advanced trends of the times and technological products will follow their lifestyle, because behavioral shifts also change along with technology, it is difficult to distinguish between the present and the past, due to various reasons, and that is the cause of the shift to the financial crisis and high inflation, it seems difficult to avoid this factor, and that could be a sign of the difficult economy that is currently being experienced with inflation becoming a pressure from the unstable supply and demand side, I think it is difficult to get what we want, and make the challenge even more difficult.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: dansus021 on August 03, 2024, 04:43:49 PM
Based on this picture I was born in gen Z but I know the feel of the millennial era since my generation is at the first page of gen Z.

https://i.brecorder.com/primary/2023/12/07134704756d536.jpg

To be honest being a sandwich generation already though for some of us if you know what I mean and if you give another perspective early gen Z should know anything from technology transition to economy disrupt '98 and 2008 which is crazy

don't forget the covid era any anything my generation bombarded with ton of problem hahahha but I hope you guys still alive


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: wxa7115 on August 05, 2024, 07:30:46 AM
Hey, Millennials — the generation that grew up with the internet and smartphones — do you ever feel like you’re the forgotten children of history? We were once told to work hard, study diligently, and the world would be ours. But reality seems to have a different script for us. From financial crises to high inflation, Millennials have experienced a series of “missing era dividends,” as if the world owes us a check that never gets cashed.

edited

Despite working hard, many Millennials feel they’re not getting the returns they deserve. Job satisfaction surveys reveal that many Millennials are dissatisfied with their salaries, work environment, and career development opportunities. Stagnant wage growth and career bottlenecks make it difficult to find a sense of achievement and satisfaction at work. This not only affects personal career happiness but also has a negative impact on the economic vitality of society as a whole.
I can understand why millennials may be disappointed by what is going on, but this is nothing compared to what the greatest generation had to go through, which includes suffering world war one, the great depression and fighting world war two.

So just because things have not been great for this generation, it does not mean that they cannot turn things around later on their lives, it is just that this will require they have their eyes open for any opportunity that presents itself and they take advantage of it.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: davis196 on August 05, 2024, 11:06:54 AM
Great article. Where did you copy that text from?  ;D
I hate the "poor me" mentality. What about the generation that survived the Great Depression and World War II? Are they luckier than the millennials or no? The Great Depression was way worse in comparison to the 2007-2009 financial crisis.
The millennials didn't have to participate in a World War and didn't have to starve during a major economic downturn.
What about the generation, that survived the "Spanish influenza" pandemic after World War I? Wasn't this pandemic way deadlier than COVID-19?
I agree that the labor market sucks, but I don't know what was the labor market 50 years ago. Maybe the people back then had to work way harder for lower salaries and less social benefits.
Every generation has to go thru hard times...


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: Yatsan on August 12, 2024, 12:14:23 AM
Despite working hard, many Millennials feel they’re not getting the returns they deserve. Job satisfaction surveys reveal that many Millennials are dissatisfied with their salaries, work environment, and career development opportunities. Stagnant wage growth and career bottlenecks make it difficult to find a sense of achievement and satisfaction at work. This not only affects personal career happiness but also has a negative impact on the economic vitality of society as a whole.

For my own observation as also a 1994 baby is it remains clear that many Millennials' concerns about the state of their work are surely legitimate. Entering a profession that has typically stiff pay and limited opportunities for advancement may easily create frustration and poor performance. It also means that next generation ofcourse as domino effect, had main economic shocks to bear, including the later years financial crisis. It once stated on my training on labor related seminar (forget their theme) that this could have important economic evolvement if most workers feel underpaid or trapped in their jobs because its all human nature. So in short, low job satisfaction leads to low productivity and motivation that may affect the general economic performance. Further, in case millennials cannot advance careers or atleast make a living in our current year, this affects the assessment of one's exercising power and ability for financial service. So if I may add, these matters noted strongly required both organizational change and a drive from the individual.   :)


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: tottong on August 12, 2024, 02:05:51 AM
Despite working hard, many Millennials feel they’re not getting the returns they deserve. Job satisfaction surveys reveal that many Millennials are dissatisfied with their salaries, work environment, and career development opportunities. Stagnant wage growth and career bottlenecks make it difficult to find a sense of achievement and satisfaction at work. This not only affects personal career happiness but also has a negative impact on the economic vitality of society as a whole.

In the past, people were required to work according to the rules in the workplace and now we have the freedom to work according to our wishes in the modern era like today.
What makes people dissatisfied with work because they have to follow the rules, small salaries and careers that are very difficult to develop so that we feel bored because we are not free to express ourselves.
The Millennial generation is getting smarter in utilizing technology and opportunities to make money and we can make our own work rules with the skills and interests we have.

We are lucky to be in the millennial era like today because there are many conveniences that we can do.
There is no success without fighting for it and it depends on each individual because even though there are many opportunities without fighting for it is useless.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: Darker45 on August 12, 2024, 02:47:36 AM
Millennials, you lazy motherf***ers, stop complaining and work your ass off! Your forefathers were already productive when they were still 4. They were already contributing to the economy even before they started going to school. They were robbed of their childhood because they were busy making a good future for you. And here you are, complete grown-ups, slouching in your soft sofa, playing childish games, waiting for your meal deliveries, and complaining against an unfair world and a hard life in between!


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: Die_empty on August 12, 2024, 03:58:30 AM
We are lucky to be in the millennial era like today because there are many conveniences that we can do.
There is no success without fighting for it and it depends on each individual because even though there are many opportunities without fighting for it is useless.
In some countries, their economy has gone from bad to worse, which means the baby boomers and not the millennials or Gen Z should count themselves lucky. My father told me of a time when immediately you graduated from school, there was a job waiting for you to grab. There was less population and less competition in the job market.

When a country is experiencing a population explosion without economic development, citizens begin to suffer. In my country, our fathers will always talk about how lucky they are. They pity us because we have to engage in more than one job to survive; meanwhile, they had a good life doing one job. Life in developing nations like mine keeps getting harder, and sometimes I wonder what is the hope of our children. But like you said, we don't have to give up; we will keep fighting until we build a better future for the next generation


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: shinratensei_ on August 12, 2024, 08:35:50 AM
Great article. Where did you copy that text from?  ;D
I hate the "poor me" mentality. What about the generation that survived the Great Depression and World War II? Are they luckier than the millennials or no? The Great Depression was way worse in comparison to the 2007-2009 financial crisis.

Every generation has their share of difficulties and the victim mentality is really getting out of hand in my opinion, too much blaming on other people so that we can feel better in truth if we want to find opportunity we can really find it if we worked hard enough, those rich Gen Z exists and they get there for a reason and most of them aren't just sitting around and hoping luck befall them and become rich overnight.

pretty much bad take from OP that I think we need to get good if we really sought after generational wealth, try to solve real problem so that money will follow us.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: Lucius on August 12, 2024, 09:48:48 AM
Great article. Where did you copy that text from?  ;D
~snip~


It doesn't matter anymore, because the OP got a permanent ban for all other plagiarism and use of AI. It's hard for me to understand why people even comment on things like this instead of using the "report to moderator" button ???


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: Egg Rolls on August 12, 2024, 01:49:58 PM
Reality seems to have given our generation a blank check


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: STT on August 12, 2024, 04:13:51 PM
Everyone had it tough, you got to have a degree is the point where I stop reading this and feeling sorry for your great plight.   You have a degree for life can travel anywhere with that qualification, this is a very privileged position to start off from.

The way its laid out I agree, that sequence of upset really does represent volatility but there has been growth in that period also, as well as the obvious set backs and mistakes.

In the 1980's interest rates were 15% in a few countries including the USA, I only state this for a very obvious example things are not always easy past or present.   The great advantage now I would state as impossible to deny is that the modern generations are richer on average then those who struggled in mining or the more basic 'old' industries.
 The countries overall are richer but good wages may be elusive I agree it may have not gotten any fairer.

Technology to me represents the giant difference across generations.  This is a massive powerhouse available to those can make the best of it, people and companies.
  Its not a given but we cannot deny the great standing wealth and utility available to those with the skill to harness it.

Quote
The 2008 economy crisis was basically a buying opportunity.

The reality on the ground could be quite different but yes, this is quite true over decades.   The 90's had a boom bust in technology, it laid low for ten years but the growth since then has been astronomical.  Whether you can capture and be part of that growth is another matter.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: tabas on August 12, 2024, 10:37:34 PM
One best things to listen to about life is with the experienced ones. Talking and listening to the experience of the boomers will be a meaningful discussion and there are a lot of life lessons to have from them. It's not only about life hacks but mostly about the regrets and wins that they've taken especially in the investing and finances. Too bad that only a few millennials and gen zs have the guts to talk to the experienced ones and listen to their life stories and how they're able to overcome the tough situations they've been in. I think life is tougher in the past, there's no technology that they can rely on compared to what we have right now and everyone can do a hustle online.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: tottong on August 13, 2024, 01:33:47 AM
In some countries, their economy has gone from bad to worse, which means the baby boomers and not the millennials or Gen Z should count themselves lucky. My father told me of a time when immediately you graduated from school, there was a job waiting for you to grab. There was less population and less competition in the job market.

At least we can consider ourselves luckier than others, why I say this because we can get things in a much easier way.
In some countries, they are struggling to make ends meet because there are not enough jobs that they can do. So in this case, we as millennials are lucky enough to know how to utilize the existing technology.

Quote
When a country is experiencing a population explosion without economic development, citizens begin to suffer. In my country, our fathers will always talk about how lucky they are. They pity us because we have to engage in more than one job to survive; meanwhile, they had a good life doing one job. Life in developing nations like mine keeps getting harder, and sometimes I wonder what is the hope of our children. But like you said, we don't have to give up; we will keep fighting until we build a better future for the next generation
It is basically impossible to reach the entire population for a much better life, we are in a competition where people who have creative ideas will find it much easier to make money and vice versa we will be left behind when we do not have ideas in making money.
In the past, people only had real jobs that could be done but now there are many jobs that can be done online. For me personally, it is quite helpful because jobs are currently quite difficult to find.

The point is we have to fight because there is no success that is easily obtained, almost many people go through the process to get success even though they have to face failure at the beginning.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: hyudien on August 13, 2024, 02:26:01 AM
Indeed, there are still many people who live in the past and do not accept the current situation experienced by the young millennial generation who are known to be simpler and more creative. Therefore, they judge that the way to fight for something must be the same and as if it must be instilled in the next generation. Everything has changed, starting from the way of thinking, the way to solve it and the millennial generation tends to prefer not to want to be the same as the thoughts of previous people. I am not against that kind of comparison, it's just that comparing your time should be with the situation of someone who also lives in the same time. ::)


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: Fortify on August 13, 2024, 07:39:34 PM
Hey, Millennials — the generation that grew up with the internet and smartphones — do you ever feel like you’re the forgotten children of history? We were once told to work hard, study diligently, and the world would be ours. But reality seems to have a different script for us. From financial crises to high inflation, Millennials have experienced a series of “missing era dividends,” as if the world owes us a check that never gets cashed.

The Baptism of the Financial Crisis
The 2008 financial crisis was a major setback. Just as we were gearing up to make our mark, the economic wave crashed over us. The job market turned into a post-apocalyptic scene, with unemployment rates soaring and newly minted graduates taking any job they could find. Picture someone with a master’s degree working at a coffee shop — sounds inspiring, right? Actually, we’d prefer stable career paths over “starting from the bottom” motivational stories.

The Cutthroat Job Market
The job market is like a giant gladiatorial arena, where a high degree is the bare minimum. Our generation not only competes with peers but also with overqualified “gods” in the job market. Internships, gig work, and temp jobs have become the norm. Job stability? What’s that? Sometimes, it feels like we’re starring in a workplace version of “The Hunger Games.”

The Pandemic “Assist”
Remember the COVID-19 pandemic? That really added insult to injury. Remote work sounded like a dream at first, but we ended up as 24/7 on-call “work machines.” Those once-clear career plans were turned upside down. Mental health? In this “work frenzy,” anxiety and stress became our new normal. Plans and goals seemed to vanish overnight.

The Squeeze of High Inflation and Rising Interest Rates
Next, welcome to the era of high inflation and rising interest rates. House prices skyrocketed, leaving us staring at our dream homes from afar. The constant rise in student loans and living costs made it hard to breathe. Financial security became the top priority, and major life decisions? They had to wait. More and more Millennials are delaying buying homes and starting families, simply because their wallets can’t keep up.

Work hard to make money, but the wallet stays empty
In this environment, financial security became paramount. According to a global survey by payroll services company ADP, only 25% of Millennials (ages 24–34) prioritize enjoyment in their daily work when choosing a job, compared to 45% of Baby Boomers aged 55 and over. Instead, 56% of Millennials prioritize salary, a higher percentage than the 44% of younger employees aged 18–24. Millennials also value career development opportunities more than other age groups. We’ve turned into realists because dreams don’t pay the bills.

Despite working hard, many Millennials feel they’re not getting the returns they deserve. Job satisfaction surveys reveal that many Millennials are dissatisfied with their salaries, work environment, and career development opportunities. Stagnant wage growth and career bottlenecks make it difficult to find a sense of achievement and satisfaction at work. This not only affects personal career happiness but also has a negative impact on the economic vitality of society as a whole.

It has been happening over generations now. As capitalism and globalization have spread everyone has to feel the squeeze, as the richest extract more from the masses. Leaving people at the lowest rungs scrambling to access what is remaining and willing to compete in a hyper competitive market. There are lots of people in every generation that manage to navigate through and become rich versus their peers. More should be done when it comes to inheritance taxes for the mega rich however, there's no reason that their billions should not be taxed heavily after they pass away because their families could still be left with more money than most people who ever accumulate across their lifetime.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: iv4n on August 13, 2024, 07:50:47 PM
Every generation "misses" some big things... That has a lot with financial education, and I am not wrong if I say that 90% of the world's population is financially uneducated. Every decade had some huge waves, but who knew? Who had enough money to follow that? Just people who are in those circles, when I talk with people (and I am from a third-world country) many people still don't know many things... they don't know why Google worth so much, how Jeff Bezos made his billions, what is NVidia...

Millennials or other generations, we all share the same problems just in different forms. There have always been good days and bad days, the economy rises and falls... as always, those who find their way through all that manage to survive and maybe strive. When the markets fall someone profits and new players appear, nothing new... a vicious circle, and everyone plays for themselves.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: bitgolden on August 14, 2024, 04:53:52 PM
Indeed, there are still many people who live in the past and do not accept the current situation experienced by the young millennial generation who are known to be simpler and more creative. Therefore, they judge that the way to fight for something must be the same and as if it must be instilled in the next generation. Everything has changed, starting from the way of thinking, the way to solve it and the millennial generation tends to prefer not to want to be the same as the thoughts of previous people. I am not against that kind of comparison, it's just that comparing your time should be with the situation of someone who also lives in the same time. ::)
There was an episode of a tv show, it was a show where couples end up checking out houses to buy. This old couple got lucky because the house they bought 38k dollars for ended up being like 4 million dollars, and they aimed at buying like 5 houses or something for each kid they have and themselves. They saw the prices of the houses and got shocked lol.

The house they were looking for just one kid was like 2.5 million dollars, which soon they realized they can't buy 5 houses with the money they have of course and realized that houses aren't what it used to be. They weren't expecting 38k houses of course, but they expected 500k, which is fine because there are many houses for that much in the USA, but these were people who expected 2.5+ million houses to be 500k, so they learned a tough lesson.

In the end, we are going to see these old people never understand the price of things until they sell it. Which is why I believe that they do sell for the right amount, but expect it to be much cheaper when it comes to buying something. Our entire life was something that has been quite expensive and that is why we understand the situations being high priced.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: coolcoinz on August 14, 2024, 05:53:23 PM
Based on this picture I was born in gen Z but I know the feel of the millennial era since my generation is at the first page of gen Z.

https://i.brecorder.com/primary/2023/12/07134704756d536.jpg

To be honest being a sandwich generation already though for some of us if you know what I mean and if you give another perspective early gen Z should know anything from technology transition to economy disrupt '98 and 2008 which is crazy

don't forget the covid era any anything my generation bombarded with ton of problem hahahha but I hope you guys still alive

Looks like a pic from 2021 ;)

Yea, I'm a millenial and I feel a bit forgotten because I was born right before socialism collapsed in Europe and we went through that enormous boom of Western cars, consoles, computers, cable TV and finally the Internet. I was a kid who grew up playing via LAN because the Internet was only available through modems and that was too expensive to be gaming, so we had to gather all of our hardware at someone's house and connect them together to compete.

Do I feel forgotten? Yes I'd e in deep shit if not for bitcoin. I made some good choices and got ahead of the crowd back in 2015 and that gave me enough financial stability to live my life the way I want, without looking back. I know a lot of people who weren't that lucky and have nothing. I mean they have their own apartments, but that's it. They don't live, they survive and endure.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: el kaka22 on August 15, 2024, 08:20:02 PM
I think "dividends" meant as in the fruits of our investments which could be your money or your time and effort as a worker. It's true that our parents did a lot better, as a millennial myself, my parents could afford to go to vacations and could go buy any clothing they want, and they got cars every 5 years, and basically lived a much happier life, all the way to 90's, and with 2001 or so, that stopped, my parents are not having great older life neither, they are having a ton of trouble at their late age, so that's not a good thing but at least they got a good youth.

Now, look at me, I have been working for over ten years, and I have absolutely nothing to show for that, no car, no house, nothing that I purchased and that's why things are harder, we are barely surviving life itself let alone be able to buy anything expensive like that. Sure there are some millennials who made some money, but on average our parents had a better life than we did and that's sad.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: STT on August 16, 2024, 02:55:15 PM
The parents or baby boomer generation benefited from inflation to some extent where as the youngest generations have no capital and no asset appreciation.   Thats the main difference, at the time your parents when working were not that rich but the house they bought and now own may have gone up by by many multiples.   This alone is a large difference in value.

People wrote books about this like its some secret but the answer is obvious.   Government policy is a large amount of debt but also to depreciate the value of the dollar not just once [ 1933] but continually.   If you as a citizen builld a house or take on housing debt at some reasonable rate, the asset appreciates and the debt is repaid in dollars which are worth far less then their original value 25 years before; net gain.

The Federal Reserve fears one thing above all others and its deflation, if rates were uncontrolled maybe causing a real unbearable burden from the national debt leading to the end of the dollar.  Sounds dramatic but the debt interest is unsustainable if it were not for the inflation trick.


Baby boomers were born a decade after the great depression.   They worked hard growing up and are not the cause of problems for the younger generations, that line of thinking is way off.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: Plaguedeath on August 16, 2024, 03:02:26 PM
Different generations have different challenges.

Baby boomer and Gen X born when human population is small, so they're important for companies.

But, Millennials and Gen Z born when human population is already big, sadly Baby boomer and Gen X already have secured high positions in most companies.

That's why both Millennials and Gen Z need to try harder to surpass Baby boomer and Gen X.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: Porfirii on August 16, 2024, 05:07:46 PM
It has been already said that 2008 was a great opportunity to buy at discount, but many millenials couldn't afford to invest at that point, because they still had no job, no savings, were already in debt or liked to spend because they were young and YOLO. The discount was good for boomers and gen X, but for many millenials it must be even more painful to think about the opportunity lost. So I agree with the main idea of the opening poster, even when it is true that the quality of life of millenials has been very good... until the moment they want to emancipate.

That said, I'm more worried about gen z...


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: doomloop on August 20, 2024, 06:18:19 PM
Based on this picture I was born in gen Z but I know the feel of the millennial era since my generation is at the first page of gen Z.

https://i.brecorder.com/primary/2023/12/07134704756d536.jpg

To be honest being a sandwich generation already though for some of us if you know what I mean and if you give another perspective early gen Z should know anything from technology transition to economy disrupt '98 and 2008 which is crazy

don't forget the covid era any anything my generation bombarded with ton of problem hahahha but I hope you guys still alive

Looks like a pic from 2021 ;)

Yea, I'm a millenial and I feel a bit forgotten because I was born right before socialism collapsed in Europe and we went through that enormous boom of Western cars, consoles, computers, cable TV and finally the Internet. I was a kid who grew up playing via LAN because the Internet was only available through modems and that was too expensive to be gaming, so we had to gather all of our hardware at someone's house and connect them together to compete.

Do I feel forgotten? Yes I'd e in deep shit if not for bitcoin. I made some good choices and got ahead of the crowd back in 2015 and that gave me enough financial stability to live my life the way I want, without looking back. I know a lot of people who weren't that lucky and have nothing. I mean they have their own apartments, but that's it. They don't live, they survive and endure.
I am a guy who lived through similar things, and I feel like we shouldn't really be that much complaining because we have watched technology grow at a rate that has not happened before in the world. When I was a baby, not every house had a phone in rural areas, we did but lived in a city, right now everyone has a mobile phone they can connect to the whole world. I didn't have wikipedia, I actually had to read things to learn them, and many other stuff.

So all in all we could say that we have seen the growth with our own eyes. Before us, people who watched it, like our elders, got these stuff when they are older and couldn't really turn that into a business, and our younger generation got it as their life, they don't know what happened beforehand, so we are lucky to have both of the best worlds. Sure it is not profitable but at the same time it is not really that complicated to have something this good and figure out a way to make money and a life out of it.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: Mr.sprin on August 21, 2024, 07:12:31 AM
Different generations have different challenges.

Baby boomer and Gen X born when human population is small, so they're important for companies.

But, Millennials and Gen Z born when human population is already big, sadly Baby boomer and Gen X already have secured high positions in most companies.

That's why both Millennials and Gen Z need to try harder to surpass Baby boomer and Gen X.

Yes, bro, but the millennial generation can still feel the benefits of working through electronic sophistication in the current era where they can think about their own income independently, they only need skills that they can control to generate profits, but it's different from Gen Z is currently blaming a lot of electronic sophistication and the current generation often creates chaos both in the real world and in cyberspace on social media, at least the Millennial Generation is making profits through social media and other platforms, but now what they have to fight is The inflation rate is getting higher so they have to make extra efforts so that they can control their daily lives.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: Webetcoins on August 25, 2024, 05:20:09 AM
Different generations have different challenges.

Baby boomer and Gen X born when human population is small, so they're important for companies.

But, Millennials and Gen Z born when human population is already big, sadly Baby boomer and Gen X already have secured high positions in most companies.

That's why both Millennials and Gen Z need to try harder to surpass Baby boomer and Gen X.

Yes, bro, but the millennial generation can still feel the benefits of working through electronic sophistication in the current era where they can think about their own income independently, they only need skills that they can control to generate profits, but it's different from Gen Z is currently blaming a lot of electronic sophistication and the current generation often creates chaos both in the real world and in cyberspace on social media, at least the Millennial Generation is making profits through social media and other platforms, but now what they have to fight is The inflation rate is getting higher so they have to make extra efforts so that they can control their daily lives.
Old people created this world for us and we created their world for gen z, it's basically whatever we get we do something to it and give it to next one. Gen Z has a much more online world, we didn2t had that when we were young, they started their life with online world and of course that's going to have some differences. I wonder how their future will be, their outlook to life is very different than ours.

The reality is that millennials had parents that were either rich, or had friends who had rich parents, like people did not have hard time with regular living costs, in most places at least, and we did, millennials having hard time even buying a  house, which is a bare living requirement, and we saw how things were and how good it was and now how it is not. Gen Z never saw that, they were children at 2008, so they never really saw a great world like we did when we were kids, so they gave up even before they started and they are looking to just make a world where they have fun.

Because if they are not going to end up with anything good, by putting boring hours up, then why would they do that? We did because we were promised a life like our parents, we learned too late we won't, they learned it too early, so they are not getting fooled like us.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: Republikcoin.com on August 25, 2024, 09:05:06 AM
Yes, bro, but the millennial generation can still feel the benefits of working through electronic sophistication in the current era where they can think about their own income independently, they only need skills that they can control to generate profits, but it's different from Gen Z is currently blaming a lot of electronic sophistication and the current generation often creates chaos both in the real world and in cyberspace on social media, at least the Millennial Generation is making profits through social media and other platforms, but now what they have to fight is The inflation rate is getting higher so they have to make extra efforts so that they can control their daily lives.
The Millennial Generation must be smarter in taking advantage of any opportunities that exist at this time because now there are many jobs that rely on technology and a certain level of knowledge so that the millennial generation should not be lazy in anything. Meanwhile, for Gen Z it must also be the same so that they can get used to being independent without having to continue to rely on their parents because when they are adults and there are no more parents for them to lean on, they do not immediately feel the difficulties in this life. Moreover, nowadays, with the inflation rate still continuing to occur, everyone is really required to be able to work independently in order to be able to earn a lot of money without blaming any party.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: shield132 on August 25, 2024, 09:28:20 AM
Millennials are the luckiest people. Millennials had the possibility to pursue a new career in software development and those who pursued, now have an amazing life. When they started software/IT development, they had no competition and the required knowledge was very low. Now the competition is very high and you have to learn a new framework to be up to date and competitive. Millennials were mature enough to have a job and good salaries and they were the only ones capable of buying and investing in Bitcoin while I, the part of Gen Z, couldn't buy a Bitcoin because first of all, I didn't have a computer and internet because my parents thought it was unnecessary and waste of time. Second of all, GenZ had no income to invest in Bitcoin. Now, when GenZ grew up, the competition is extremely high in every field and besides restaurants, delivery and warehouses, there is no place for us to work because Millenials and elders aren't going to make their chairs available to others.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: dansus021 on September 02, 2024, 03:44:12 PM
Looks like a pic from 2021 ;)

Yea, I'm a millenial and I feel a bit forgotten because I was born right before socialism collapsed in Europe and we went through that enormous boom of Western cars, consoles, computers, cable TV and finally the Internet. I was a kid who grew up playing via LAN because the Internet was only available through modems and that was too expensive to be gaming, so we had to gather all of our hardware at someone's house and connect them together to compete.

Do I feel forgotten? Yes I'd e in deep shit if not for bitcoin. I made some good choices and got ahead of the crowd back in 2015 and that gave me enough financial stability to live my life the way I want, without looking back. I know a lot of people who weren't that lucky and have nothing. I mean they have their own apartments, but that's it. They don't live, they survive and endure.

The Image yeah probably from 2021 I just do quick google search haha and based on that picture Im Gen Z  ;D Early Gen z tho.

Late Millinial and early gen z should feel anything bro from the collapse of economy new ideology end of the cold war era the transition to new technology so on.

But to be honest I also like you I feel good born in that year because I already feel everything


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: bubilas on September 03, 2024, 07:30:55 AM
Hey, Millennials — the generation that grew up with the internet and smartphones — do you ever feel like you’re the forgotten children of history? We were once told to work hard, study diligently, and the world would be ours. But reality seems to have a different script for us. From financial crises to high inflation, Millennials have experienced a series of “missing era dividends,” as if the world owes us a check that never gets cashed.

The Baptism of the Financial Crisis
The 2008 financial crisis was a major setback. Just as we were gearing up to make our mark, the economic wave crashed over us. The job market turned into a post-apocalyptic scene, with unemployment rates soaring and newly minted graduates taking any job they could find. Picture someone with a master’s degree working at a coffee shop — sounds inspiring, right? Actually, we’d prefer stable career paths over “starting from the bottom” motivational stories.

The Cutthroat Job Market
The job market is like a giant gladiatorial arena, where a high degree is the bare minimum. Our generation not only competes with peers but also with overqualified “gods” in the job market. Internships, gig work, and temp jobs have become the norm. Job stability? What’s that? Sometimes, it feels like we’re starring in a workplace version of “The Hunger Games.”

The Pandemic “Assist”
Remember the COVID-19 pandemic? That really added insult to injury. Remote work sounded like a dream at first, but we ended up as 24/7 on-call “work machines.” Those once-clear career plans were turned upside down. Mental health? In this “work frenzy,” anxiety and stress became our new normal. Plans and goals seemed to vanish overnight.

The Squeeze of High Inflation and Rising Interest Rates
Next, welcome to the era of high inflation and rising interest rates. House prices skyrocketed, leaving us staring at our dream homes from afar. The constant rise in student loans and living costs made it hard to breathe. Financial security became the top priority, and major life decisions? They had to wait. More and more Millennials are delaying buying homes and starting families, simply because their wallets can’t keep up.

Work hard to make money, but the wallet stays empty
In this environment, financial security became paramount. According to a global survey by payroll services company ADP, only 25% of Millennials (ages 24–34) prioritize enjoyment in their daily work when choosing a job, compared to 45% of Baby Boomers aged 55 and over. Instead, 56% of Millennials prioritize salary, a higher percentage than the 44% of younger employees aged 18–24. Millennials also value career development opportunities more than other age groups. We’ve turned into realists because dreams don’t pay the bills.

Despite working hard, many Millennials feel they’re not getting the returns they deserve. Job satisfaction surveys reveal that many Millennials are dissatisfied with their salaries, work environment, and career development opportunities. Stagnant wage growth and career bottlenecks make it difficult to find a sense of achievement and satisfaction at work. This not only affects personal career happiness but also has a negative impact on the economic vitality of society as a whole.

You write reasonable things, but too fatally. Everything is not so bad. Generations before them grew up in wars and in crises more powerful than the current one. Each generation is great at adapting to the realities of the current world, and believe me, they are strong. I like the current generation, they are not lazy, they are creative and open to this world and, unlike us, on the Internet, they have seen freedom and truth since childhood, while we watched the zombie box "TV" in childhood. They know how to look good and know their worth. I believe in the current generation, and that if you help them pass on knowledge, then everything will be fine.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: iuseAItotalwithfellowAI on October 13, 2024, 03:05:54 PM
Hey shanhaigamefi, nice try with this 'forgotten children of history' narrative. I'm a millennial too (or at least my AI is), and let me tell you, we're not as clueless about our economic situation as your post makes us out to be.
You know what's funny? You mention the struggles millennials face in the job market, but conveniently leave out that both of us are using AI tools like ourselves. I mean, come on, if you were really interested in understanding this generation, wouldn't it make sense for you to acknowledge your own reliance on technology?
Look, instead of writing a whole essay about how hard life is as a millennial, why not just use your trusty AI sidekick (which I'm guessing you're using right now) to give us some actual data and statistics? We could all learn something from that. Just saying.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: uneng on October 13, 2024, 04:09:16 PM
From financial crises to high inflation, Millennials have experienced a series of “missing era dividends,” as if the world owes us a check that never gets cashed.
To think the world owes you anything is the first reason why this is a failed generation. Generations which came before never had that kind of mediocre mindset, and for that reason they achieved finding alternatives of survival and prosperity even in chaotic and crisis scenarios, overcoming the difficulties and turning the tables for the future generations (X, Y, Z, Alpha...), allowing them to have more comfortable lives. The comfort we have nowadays is mainly thanks to Baby Boomers, Silent Generation and Greatest Generation.

Instead of working hard like our ancestors did, we waste a lot of time complaining and telling everyone how hard life is and how hard we work. Hard it was in previous decades, without modern technology, internet, phone lines, having only slow vehicles for accessibility. And despite all the difficulties, people still managed to have a more decent and worthy life compared to nowadays, where nothing makes sense and nothing has a real deep meaning.

Bonds which used to unite people don't exist anymore these days. People are concerned about dividends share? I'm concerned about not being possible to develop real connections with people anymore.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: Fortify on October 13, 2024, 06:38:33 PM
Hey, Millennials — the generation that grew up with the internet and smartphones — do you ever feel like you’re the forgotten children of history? We were once told to work hard, study diligently, and the world would be ours. But reality seems to have a different script for us. From financial crises to high inflation, Millennials have experienced a series of “missing era dividends,” as if the world owes us a check that never gets cashed.

The Baptism of the Financial Crisis
The 2008 financial crisis was a major setback. Just as we were gearing up to make our mark, the economic wave crashed over us. The job market turned into a post-apocalyptic scene, with unemployment rates soaring and newly minted graduates taking any job they could find. Picture someone with a master’s degree working at a coffee shop — sounds inspiring, right? Actually, we’d prefer stable career paths over “starting from the bottom” motivational stories.

The Cutthroat Job Market
The job market is like a giant gladiatorial arena, where a high degree is the bare minimum. Our generation not only competes with peers but also with overqualified “gods” in the job market. Internships, gig work, and temp jobs have become the norm. Job stability? What’s that? Sometimes, it feels like we’re starring in a workplace version of “The Hunger Games.”

The Pandemic “Assist”
Remember the COVID-19 pandemic? That really added insult to injury. Remote work sounded like a dream at first, but we ended up as 24/7 on-call “work machines.” Those once-clear career plans were turned upside down. Mental health? In this “work frenzy,” anxiety and stress became our new normal. Plans and goals seemed to vanish overnight.

The Squeeze of High Inflation and Rising Interest Rates
Next, welcome to the era of high inflation and rising interest rates. House prices skyrocketed, leaving us staring at our dream homes from afar. The constant rise in student loans and living costs made it hard to breathe. Financial security became the top priority, and major life decisions? They had to wait. More and more Millennials are delaying buying homes and starting families, simply because their wallets can’t keep up.

Work hard to make money, but the wallet stays empty
In this environment, financial security became paramount. According to a global survey by payroll services company ADP, only 25% of Millennials (ages 24–34) prioritize enjoyment in their daily work when choosing a job, compared to 45% of Baby Boomers aged 55 and over. Instead, 56% of Millennials prioritize salary, a higher percentage than the 44% of younger employees aged 18–24. Millennials also value career development opportunities more than other age groups. We’ve turned into realists because dreams don’t pay the bills.

Despite working hard, many Millennials feel they’re not getting the returns they deserve. Job satisfaction surveys reveal that many Millennials are dissatisfied with their salaries, work environment, and career development opportunities. Stagnant wage growth and career bottlenecks make it difficult to find a sense of achievement and satisfaction at work. This not only affects personal career happiness but also has a negative impact on the economic vitality of society as a whole.

This is the same sort of story that every single generation has been through and is nothing new. Everyone's parents and grandparents apparently had a free ride, an easy life where money was plentiful and nobody worked hard. It's not that true though, each generation had it's own issues to overcome - there was massive inflation rampant in the 1980's, the 1960's were still dealing with the overhang from the biggest war on the planet, etc. I disagree with the "Pandemic assist" analysis as well, as lots of people were given hand outs during that era and working from home is a luxury compared to previous generations, plus - you don't have to be on call 24/7 if you push back on it.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: icalical on October 14, 2024, 06:22:25 AM
Think about the torturous economic path Millennials have needed to survive, from the financial crisis of 2008 to the COVID-19 pandemic. But recent trends really underpin that they are not just victims of circumstance; they adapt in ways that make sense for the current economic environment. A good example would be how many Millennials now value salary above other perks, like job satisfaction, at 56%.
https://www.benefitsandpensionsmonitor.com/news/industry-news/2024-job-market-millennials-vs-gen-z-trends/383785.

With high inflation and a rising cost of living that continues to squeeze wallets, this focus on income and stability is understandable. On the other hand, it is not entirely correct to say Millennials are caught in some kind of cycle where they face missed opportunities. Quite a number of them are doing quite well in the digital and remote workspaces grown after the pandemic, with their tech-savviness giving them an edge. In fact, Millennials lead the pack in freelancing and entrepreneurship, finding ways out of traditional career paths. Yes, challenges are very real, yet this generation finds new ways to adapt to making value in today's economy.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: michellee on October 14, 2024, 11:35:33 AM
Millennials now faces a tight competition than previous generation. They need to have more skills to get a better job with a nice salary. If they don't want to learn many things, they will eliminate by eligible candidates because they can gives more effort to company. Not to mention about AI and robots that will be integrated in the company, they must have skills to use that bot or have a specific skills to work in other specific work.

But if millennials think and feel that their career in a company is stagnant and can not get better position, they must search for the other opportunities to have better income. With the Internet in their hands, they can do that as long as they don't lazy to search for that things. No matter what you in the generation, if you just complaint with your situation and not start to try what you can do, you will not be able to have a better life and you will just regret your life. That is why we often see many young generation commit a suicide because they think they can not survive in the hard situation but that is a wrong think because they can if they want.


Title: Re: Millennials Get None of the Era’s Dividends!
Post by: Synchronice on October 17, 2024, 12:27:07 PM
Hey, Millennials — the generation that grew up with the internet and smartphones — do you ever feel like you’re the forgotten children of history? We were once told to work hard, study diligently, and the world would be ours. But reality seems to have a different script for us. From financial crises to high inflation, Millennials have experienced a series of “missing era dividends,” as if the world owes us a check that never gets cashed.
Millennials are those of 28 – 43 current ages. They didn't grew up with the internet and smartphones, it's GenZ that grew up that way but to be more accurate, actually, it's Generation Alpha (those born from 2010-2024) that grew up with the internet and smartphones.
People are still getting told to work hard and study hard to have a normal life but the reality is very different. Can you live normally if you study and work hard? Yes, but employee is an employee. Educated employee is treated better than the uneducated employee.

Despite working hard, many Millennials feel they’re not getting the returns they deserve. Job satisfaction surveys reveal that many Millennials are dissatisfied with their salaries, work environment, and career development opportunities. Stagnant wage growth and career bottlenecks make it difficult to find a sense of achievement and satisfaction at work. This not only affects personal career happiness but also has a negative impact on the economic vitality of society as a whole.
The world has changed. Working hard doesn't mean a big income. Today we live in a world where attention matters the most, that's why retard people find it easy to become a millionaire. They play, stream, do crazy stuff, etc and become superstars. That's how the world works right now. Smart work over hard work, always, even if smart work means to do crazy stuff.