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#1 User is offline   MTP Reggie 

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Posted 14 June 2019 - 07:45 AM

Study: Millennials Face Greatest Hardships From Toxic Economic Conditions
by Ben Renner
06/13/2019
StudyFinds.org

<More Laughs At The Expense Of Idiot Snowflakes Here>

STANFORD, Calif. — A study by researchers at Stanford University found that American millennials face challenges unlike any previous generation, and their struggles are likely signs of mounting issues due to decades of rising economic inequality in the U.S.

Millennials, individuals born between 1980 and 2000, earn less money without college degrees than their predecessors and are more likely to die by suicide or drug overdose than any other generation.

"Millennials are the first generation to experience in a full-throttled way the social and economic problems of our time," says David Grusky, professor of sociology and director of the Stanford Center on Poverty and Inequality, in a statement. "We can think of them as canaries in the coalmine who reveal just how toxic those problems are. By assembling a report that provides a comprehensive understanding of their situation, we can go beyond the usual patchwork policy and begin to address underlying problems."

The study examined comprehensive data explaining integral factors in economic success or struggle, including education, employment and income, health, occupational segregation, economic mobility, debt and poverty rates, racial and gender identities, social connections, housing, and incarceration rates.

Millennials with college degrees earned about as much as their predecessors when they first entered the job market, but millennials without degrees earn much less than their older counterparts. The median earnings for 25-year-old millennial men who have a high school degree or less are $29,000 a year, about $2,600 less than Gen Xers and about $10,000 less than baby boomers at the same age.

"It's not that going to college amounts to striking gold for most people," says Grusky. The big news is that if you don't go to college you're likely to do worse than ever. What makes college attractive is mainly that it offers some protection from that fate."

Researchers also point to a significant rise in mortality rates for people ages 25 to 34, with numbers up more than 20% between 2008 and 2016 — a jump attributed to a stunning increase in suicides and drug overdoses. Non-Hispanic whites experienced the highest jump (27%), while deaths among blacks rose 9%. The rate of death among Hispanics increased just 6%.

Researchers also say that millennials benefited more than any other generation from the expansion of health insurance coverage through the Affordable Care Act, but as a result, they also experienced a steep drop in coverage in the years after. "The share of adults in their 20s without health insurance fell by more than half from 2009 to 2017 (from 32.4% to 15.5%). For adults in the 30–35 age range, the share fell by 40 percent (from 26.3% to 14.5%)," the report states.

The study also found that millennials identify as a wider set of races and genders than their predecessors. But embracing multiracial and unconventional gender identities doesn't mean millennials are more accepting of those different from them compared to previous generations. Researchers say that millennials buy into racial and gender stereotypes as much as baby boomers and Generation X. And while the group shows a greater disdain towards racism compared to other groups, they're still experiencing just as much racial and ethnic occupational segregation as other generations.

(snip)

<More Laughs At The Expense Of Idiot Snowflakes Here>
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#2 User is offline   Martin 

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Posted 14 June 2019 - 08:32 AM

In 2017, the highest suicide rate (20.2) was among adults between 45 and 54 years of age. The second highest rate (20.1) occurred in those 85 years or older. Younger groups have had consistently lower suicide rates than middle-aged and older adults. In 2017, adolescents and young adults aged 15 to 24 had a suicide rate of 14.46.

Source: https://afsp.org/abo...ide-statistics/

Since it is the middle aged and the old who are more likely to commit suicide, the rise in suicide is more likely due to an aging population rather than the economic difficulties of the young.
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#3 User is offline   Severian 

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Posted 14 June 2019 - 09:01 AM

Can't make money without a college degree...hmmm, could outsourcing all of our manufacturing jobs to China have something to do with that?
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#4 User is online   NH Populist 

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Posted 14 June 2019 - 10:05 AM

View PostSeverian, on 14 June 2019 - 09:01 AM, said:

Can't make money without a college degree...hmmm, could outsourcing all of our manufacturing jobs to China have something to do with that?

Part of a long term strategy to shove Socialism down our throats? Wouldn't be surprised in the least...
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#5 User is offline   Severian 

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Posted 14 June 2019 - 10:21 AM

Plenty of money to be made as a carpenter, mechanic, plumber, electrician, etc. but those are actual get your hands dirty and have to know what you're doing jobs, not sit at a desk and push a mouse around. None of the tradesmen I know around here are hurting for money, not the good ones anyway.
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#6 User is offline   oki 

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Posted 14 June 2019 - 10:48 AM

View PostSeverian, on 14 June 2019 - 10:21 AM, said:

Plenty of money to be made as a carpenter, mechanic, plumber, electrician, etc. but those are actual get your hands dirty and have to know what you're doing jobs, not sit at a desk and push a mouse around. None of the tradesmen I know around here are hurting for money, not the good ones anyway.


There is also the aspect that even if you don't do things like those for a living becoming at least proficient in it will help you save a lot of money and live much much cheaper.

Oki
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#7 User is online   Squirrel 

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Posted 14 June 2019 - 11:34 AM

Shouldn’t it read hardships from lack of work ethic or the willingness to learn useful skills and listen when taught?
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#8 User is offline   Magic Rat 

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Posted 14 June 2019 - 01:34 PM

The media is always pretending like members of this generation are a bunch of delicate, simpering frails. They aren't and this whole "study" is political to try to drive them into demanding more government intervention. Most of our armed forces are made up of so-called "millennials". So are the guys going into the trades.

The squeaky wheels on social media who whine about being lonely and bored do not represent this generation anymore than those whining on "blogs" about working in cubicles defined mine, or the scuzzy protesters defined the generation before.

This post has been edited by Magic Rat: 14 June 2019 - 01:52 PM

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#9 User is offline   Severian 

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Posted 14 June 2019 - 02:35 PM

World to end, Millennials, poor, womyn, and minorities hardest hit. Film at 11.
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#10 User is online   zurg 

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Posted 14 June 2019 - 05:01 PM

View PostSeverian, on 14 June 2019 - 02:35 PM, said:

World to end, Millennials, poor, womyn, and minorities hardest hit. Film at 11.

Damn, I have a conflict, gonna miss that one.
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#11 User is offline   Joe the Pagan 

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Posted 14 June 2019 - 09:41 PM

Quote

"It's not that going to college amounts to striking gold for most people," says Grusky. The big news is that if you don't go to college you're likely to do worse than ever. What makes college attractive is mainly that it offers some protection from that fate."


It offers some protection if you get a useful degree. It does not offer any protection if you get a degree in 14th century gay French poets or Interpretive Mongolian dance.
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#12 User is online   zurg 

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Posted 14 June 2019 - 10:31 PM

View PostJoe the Pagan, on 14 June 2019 - 09:41 PM, said:

It offers some protection if you get a useful degree. It does not offer any protection if you get a degree in 14th century gay French poets or Interpretive Mongolian dance.

Yup I agree. On the very rough average I’d say:

Useful BS/BA > Vocational degree >>> useless BA
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#13 User is offline   Howsithangin 

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Posted 15 June 2019 - 01:20 AM

:rolleyes: :violin:

View PostJoe the Pagan, on 14 June 2019 - 09:41 PM, said:

Interpretive Mongolian dance.


OMG. I use that one, too! :biglaugh: :thumbsup:
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#14 User is offline   Howsithangin 

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Posted 15 June 2019 - 01:21 AM

View PostSeverian, on 14 June 2019 - 09:01 AM, said:

Can't make money without a college degree...hmmm, could outsourcing all of our manufacturing jobs to China have something to do with that?



Now stop that right now! :nono: :angry:
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#15 User is offline   Howsithangin 

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Posted 15 June 2019 - 01:31 AM

View PostMagic Rat, on 14 June 2019 - 01:34 PM, said:

They aren't and this whole "study" is political to try to drive them into demanding more government intervention. Most of our armed forces are made up of so-called "millennials". So are the guys going into the trades.


Over drinks and cards a few weeks ago, our poker group debated at length what comprised the definition of the term 'Millennial'. One camp used the term to refer to an age group; i.e., anyone born between Date A and Date B. The opposing camp pointed out the exceptions that you note above, stating that the term 'Millennial', generally considered as deragotory, referred to a subset of said generation, those who were defined by their snowflake and SJW ways. I'm more of the latter.

I would be interested in hearing what RN members think: What is your definition of 'Millennial': chronological. behavioral, or a mix of both?
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#16 User is offline   MontyPython 

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Posted 15 June 2019 - 11:03 AM

View PostHowsithangin, on 15 June 2019 - 01:31 AM, said:

I would be interested in hearing what RN members think: What is your definition of 'Millennial': chronological. behavioral, or a mix of both?


Beats me. I'm apparently a "boomer", which, according to the general assumptions, makes me too stupid and self-absorbed to understand stuff like that.

B)
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#17 User is offline   Joe the Pagan 

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Posted 15 June 2019 - 12:51 PM

View Postzurg, on 14 June 2019 - 10:31 PM, said:

Yup I agree. On the very rough average I’d say:

Useful BS/BA > Vocational degree >>> useless BA


I can't find the youtube video where Christina Hoff Sommers talks about being confronted by a female student about the gender pay gap.


The student who was angry that her boyfriend, a junior in college, had a well paying job waiting for him when he graduated, but no one was offering her a job. Sommers asked what they were studying. The boyfriend was studying geology, specializing in the field of oil exploration. The student was studying feminist dance therapy.
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#18 User is offline   Dean Adam Smithee 

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Posted 15 June 2019 - 03:20 PM

View PostMTP Reggie, on 14 June 2019 - 07:45 AM, said:

STANFORD, Calif. — A study by researchers at Stanford University found that American millennials face challenges unlike any previous generation, and their struggles are likely signs of mounting issues due to decades of rising economic inequality in the U.S.


"Unlike any previous Generation"??? :rofl: Not even close.

AS I SEE IT, this can be broadly divided into 4 groups as to "challenges".

Post WWII / Early Boomers. People like my Dad and Uncles, who came into the workforce right in the middle of the post-war boom of the '50s. "The Eisenhower Years". They had it easiest, relatively speaking. Come into the workforce right out of HS/College/Military and get your first job with the full expectation that as long as you do as you're told and keep your nose clean you could expect to eventually retire with a nice pension from the same company... as long as you were satisfied with being either a "Union Man" on the shop floor or a "suit" in the office. They also had the added advantage of having a work ethic and moral ethic instilled into them by beisg raised by people like my grandparents who'd made it through the depression and/or the war: The "Greatest Generation" but who, in being the Greatest, by no means had it 'easy' along the way.

(I'm excluding from this list the cohort immediately preceding us late boomers: The hippies/flower children of the late '60s/early '70s. They chose to 'Tune in, turn on, drop out" and they get no sympathy from me.)


Late Boomers. People like me entering the workforce smack in the middle of Carter-era 'malaise' of the late '70s. It was MY generation that was the first to really get the cold hard smack in the face that, although there was still plenty of 'Opportunity' to be had, getting there was NEVER AGAIN go to be as easy as it was for the early boomers. ESPECIALLY gone, or at least on the way out, was the idea of "lifetime job security". And largely though no fault of our own, unlike the hippies immediately before us who chose to drop out.

One of my grandfathers, on being excluded from volunteering for the Army in the run-up to WWII, got a job at the Jeep plant in Toledo Ohio at age 18. Retired from there at 62. Most of my uncles had 1 or 2, possibly 3 jobs their entire careers. A lot of old-line manufacturing companies had plaques on the wall with lists of people who'd gotten awards for 30, 40, or even 50 years on the job. Where do you see that any more? ME? 5 major jobs in 40-ish years (plus enough part-time/temp "dirty jobs" to give Mike Rowe a run for the money. Longest was 11 years (And I do have a "10 year" tie clip), tied with having now run the Smithee Org for going on 11 years.


GEN-X People entering the work force in the early '90s and onward. While us late boomers were the FIRST to get the slap in the face per the above, they got it HARDER. Listen to the music of the early '90s. Much of it is 'Angry' and I can't say that I blame them. As contrasted to the music of the late '70s and '80s which aside from disco (Which sucked, but in retrospect not NEAR as much as we 'rockers' said at the time) was just flat-out depressing.

A report on workopolis.com says that the average Gen-Xer held an average of 3.2 jobs in the first 12 years of their career and stayed approximately 41 months or 3.4 years in each job. Well, so much for "job security".


Millennials and post-millennials. Let me start by saying that, upon HS/College graduation, each and every one of them should have been handed not a diploma but a letter of apology, "Sorry, WE failed". It used to be said in my day that, even though our schools weren't perfect, "You could still get an education if you wanted it." These days, in the era of indoctrination rather than education, I'm not entirely sure it's true anymore.

And I place the blame SQUARELY (And feel free to call me a 'square' in the parlance of the day) on the hippies and flower-children of the day who then apparently all went out and got degrees in education and are now running it. (If, as a late boomer, my disdain for hippies and flower-children shows through, I make no apologies for it.)


Still though, there's the occasional bright spot. This year, for the first time in it's history since being founded in 1925, the Scripps-Howard ran out of words and had to declare 8 co-champions. There's HOPE for this generation. (In 5th or 6th grade in the early '70s, I won at school and made it to the multi-county match where I made it about three rounds.)(I misspelled "fortitude"; I can't remember if I said f-o-r-e or f-o-u-r, either of which should have worked in a phonics sort of way. LOL.)

This post has been edited by Dean Adam Smithee: 15 June 2019 - 03:28 PM

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#19 User is offline   BootsieBets 

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Posted 17 June 2019 - 11:07 AM

[quote name='MTP Reggie' timestamp='1560516331' post='685591722']
Study: Millennials Face Greatest Hardships From Toxic Economic Conditions
by Ben Renner
06/13/2019
StudyFinds.org

<More Laughs At The Expense Of Idiot Snowflakes Here>

STANFORD, Calif. — A study by researchers at Stanford University found that American millennials face challenges unlike any previous generation, and their struggles are likely signs of mounting issues due to decades of rising economic inequality in the U.S.


"Millennials are the first generation to experience in a full-throttled way the social and economic problems of our time," says David Grusky, professor of sociology and director of the Stanford Center on Poverty and Inequality, in a statement.

What the f…. Who were the idiots that did this study, anyway? Never mind, rhetorical question. But really, have they not heard of the Great Depression? How about WW2? I know they are just trying to make it sound like the poor millennial generation will have no chance to survive without the leftists government swooping in to help them with more and more programs and Orange Man Bad is ruining the economy for them and there is no hope but socialism/communism because their worthless $100k degrees in “Ethnic womyn who identify as gender fluid” won’t get them a job and they can’t pay off their student loan. Is that about it?

For Pete’s sake, what would they have done in the 1930’s when the unemployment rate swung between 10% and 25%, instead of around 4% like it is now.

I work with a lot in this generation and believe me, many have no clue, not one. Last week I was asked if I could order tissue that was softer because their poor little noses were just so chafed by the kind I normally provide (as a favor mind you and it is a name brand.) I don’t think any employer I have worked for before has even provided tissue for all the employees. They have also complained about the filtered water dispenser not running fast enough and could we get a better one?!

So many of them are very entitled and don’t have any historical reference, i.e. Great Depression unemployment, hardships during WW2, that they think they are they only ones that have ever had a “hard time.” My granddad and grandmother or mom and dad could tell them about hard times. Now granted, I know they are struggling with high housing costs and I really wish the idiots in Washington would get off their – well, do something about health insurance that actually made sense, but if you compare where a young adult is today with where my folks were when they were young and starting out, there is no comparison.
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#20 User is offline   Mr. Naron 

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Posted 17 June 2019 - 02:40 PM

While it’s insane to compare the economic conditions people born in the 90s have had to “endure” with those of previous generations like those who went through the Depression, the main problem is urbanization. Most jobs are to be found where housing markets are essentially broken for myriad reasons from banking shenanigans to NIMBYism. Older twenty somethings and younger thirty somethings making average salaries have no hope to save up for a down payment on a house until they’re retired. It’s not the free market’s fault at all, but many who pose as free marketers are to blame.
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