/biz/ - Business & Finance

[Anonymous No.55699494]

Boomers are really the only ones who got to enjoy Americas spoils.

>Just get a college degree lmao
student debt
>Just work hard and save lmao
no more living wages with money printer burring
>Just own your own home lmao
homes quadruple in price
>Just invest in the stock market lmao
fed raises rates with no more free money in probably decades to come

The BB era has officially ended and the boomers in power are the real bogs clinging on to what theyve looted. The music has stopped and there are no more chairs.

[sage No.55699584]

>>55699494
Oh nooo I'm so demoralized now noooo haha

[Anonymous No.55699616]

If you don't become a millionaire in modern america, it's your own fault. You could have been born into a perfect utopia and still you would have become some unhappy loser

lol

[Anonymous No.55699926]

You should either salesmanmaxx or mbadegreemaxx if you want any sort of future now.

[Anonymous No.55699941]

>>55699494
it'll keep getting worse too, and if they can't keep the show going they'll just start a nuclear war, cover it all up.

[Anonymous No.55701092]

Yeah I slaved away getting an engineering degree, got a big security clearance and did the right thing, and I get rewarded by having to spend 2k a month on rent and spending my entire paycheck to survive.

What a joke, boomers literally the bare minimum and were able to make millions of dollars by being able to buy real estate when it was cheap 50 years ago.

[Anonymous No.55701110]

>>55699494
>fed raises rates with no more free money in probably decades to come
you fell for the psyops bro

[Anonymous No.55701160]

>>55701092
It's better for the government and the economy that people have no savings, that they live paycheque to paycheque. That way you simply have to keep working, and paying taxes, to support the system. Isn't it strange how a government can print $10 billion dollars tomorrow out of thin air, but if you deposit $10 thousand dollars cash into your bank account then it's apparently suspicious and a big deal worth being flagged for?

[Anonymous No.55701199]

>>55701160
It is all bullshit.

[Anonymous No.55701600]

>>55701092
Why do retards think getting a security clearance is some golden ticket?

[Anonymous No.55701749]

>>55699494
That's a great excuse for you. You don't have to examine race differences, multireligious society, overpopulation, immigration, the fact that you cannot be drafted by the army unlike all the other generations. It's just "[age bracket] looted lol"

[Anonymous No.55702958]

>>55699494
>be boomer born in 1955
>graduate college in 1978
>first job out of college pays 15k/year
>homes are 50k (3.3x salary)
>have to borrow at 10% interest rates
>s&p is $100
>10 years later s&p is $270 (+270%)
>give birth to millennial

>be millennial born in 1990 to boomer parents
>graduate college in 2012
>starting salary out of college is 45k
>housing price is 230k (5.1x salary)
>get to borrow at 3.5% interest rates
>S&P is 1350
>10 years later S&P is 4200 (+311%)
>also have the crypto boom
>complains about how much worse they had it

Millennials have been more spoiled than Boomers

[Anonymous No.55702973]

>>55701092
I hope you are at least in a state with no income taxes.

[Anonymous No.55702977]

>>55702958
truth

[Anonymous No.55702982]

>>55702958
>be a zoomer born in 2002
>fry your brain on social media
>drop out of HS
>die in a gutter

[Anonymous No.55703012]

>>55699494
Works on my machine

[Anonymous No.55703022]

why is the finance board so demoralized Stop buying shitcoins retards. Look at the stonks. They're like 2% per day or some shit. They're like shitcoins now.

[Anonymous No.55703068]

>>55702958
Sounds good, but you haven't considered that all boomers benefitted from those things, everyone's parents here bought a house with next to nothing on an average job, whereas such a miniscule fraction of millennials navigated the stock and crypto booms successfully that it's statistically insignificant.

[Anonymous No.55703919]

>>55702958
>be millennial born in 1990 to boomer parents
Yes.
>graduate college in 2012
Yes.
>starting salary out of college is 45k
Hah! The first time I hit $40k was on Covid Trumpbux unemployment. Try $27k. Closer to $32k average coming out of college at the tail end of the GFC (with considerably more student debt)
>housing price is 230k (5.1x salary)
Mean. Higher in places where entry-level jobs are.
>get to borrow at 3.5% interest rates
We were renting.
>S&P is 1350
>10 years later S&P is 4200 (+311%)
No money to invest. Anyway
>also have the crypto boom
Smart money bought Bitcoin. Then got heemed in Mt. Gox. But no one had money anyway
>complains about how much worse they had it
Because we did have it worse.

[Anonymous No.55704045]

>>55699584
I like how little demoralized you were you felt the need to respond

[Anonymous No.55704053]

>>55699494
If we eat them we can join them

[Anonymous No.55704060]

>>55702958
lmao omitting 08 and not adjusting for the 80% of new dollars printed since 2020, inflation and that the US median income is 31k

[Anonymous No.55704108]

>>55699494
The doors in the prison are still unlocked, just fucking walk out before they lock them which I can guarantee they're working on doing right now. I'm trying to leave and the process is not as easy as you would imagine, but it could be so much worse.

[Anonymous No.55704188]

>>55702958
>NOOOOOOOOOOOOO WHY AREN'T YOU BUYING MY BAGS/FLATS SO I CAN RETIRE AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.55705167]

>>55702958
Implying that millenials actually had savings to take advantage of the historically low interest rates before the RE bubble got reinflated by money printing?

You left out the part where college is much more expensive and only a few majors (engineering/medicine) allow one a decent salary.

[Anonymous No.55705190]

>>55699494
20th Century American Excess was funded by a loan that comes due in the 21st Century. The world's resources are fixed, you can only overconsume so much before you reach the bottom.

[Anonymous No.55705195]

I am 32 years old and I have never kissed a girl

[Anonymous No.55705809]

I am 31 years old and will suck a girls toes tonight before she sucks me off

[Anonymous No.55705841]

>>55701600
I think it is and colloquially it's referred to as a golden ticket. it cuts the size of the applicant pool way down and makes it so you don't have to compete with foreigners

[Anonymous No.55705850]

>>55705190
The problem isn't overconsumption at it's core; it's inefficient consumption leading to overconsumption (among other things). We put things on credit when equivalent solutions could have been paid for in cash, with barely a modicum of sacrifice.

[Anonymous No.55705852]

>>55699494
So? That just means americans are in the same position as anyone living in any other country

[Anonymous No.55705863]

>>55705841
On the applicant side, it also cuts down potential employers (in a good way). If they're not paying TS/SCI salaries you don't need to consider them.

[Anonymous No.55705997]

>>55702958
Are you fucking retarded? If anything, boomers would be the ones to take advantage of the stock market because they'd have savings accumulated from years of working by the time millennials were born.

[Anonymous No.55706725]

>>55699494
You'll never get one to admit it though.

[divided and conquered No.55707256]

>>55699494
divide and conquer thread

[Anonymous No.55708728]

>>55699494
Every generation of mankind had to fight for their own freedom, and mostly through new innovations. Old recipes are just mostly not gonna work out.

You could have made it through multiple paths. Simply being a wagie as code monkey, you can still made big bucks.
Or won big with crypto
Or selling chinkshit on amazon fba
Or affiliate marketing, you could have made it simply by spamming emails

Start outwitting and outplaying or stand amongst the losers

[Anonymous No.55708848]

>>55708728
you just sound like an insufferable faggot

[Anonymous No.55708860]

>>55699494
Oh shut the fuck up dude you could’ve been a tech savvy millennial who bought bitcoins for cheap and made way more passive money than boomers while also living in a time of luxury where big screen tvs are cheap and the internet is high speed, it can get worse and it will because the new generations are FUCKING PUSSIES

[Anonymous No.55709190]

>>55708728
>Sent out 200 unsolicited emails today advertising my drop shipping course... Yep, I too will be a millionaire... Any day now....

[Anonymous No.55710041]

>>55702958
Boomers really are fucking stupid huh?

[Anonymous No.55710326]

>>55699494
Everyone seems to forget the self-righteous "Greatest Generation" existed. My grandfathers both were rich as fuck despite not doing any particularly distinguished work. My boomer dad was a SVP at a public company and sure he's got money but nowhere near as much as the GG folks

[Anonymous No.55710366]

>>55699494
They let the parasite take over and we get to reap the rewards.

[Anonymous No.55710615]

>>55710366

[Anonymous No.55711433]

>>55703919
>I didn't make 40k until 2020

Lol it's the failure of the millennial generation everybody

[Anonymous No.55711477]

>>55711433
>Adjusted
That wouldn't be inflation-adjusted, would it?
>$48k is the mean
>SWEs came out making six figures or just below
Wow how does math work. You got a median, anon?

[Anonymous No.55711502]

>>55711433
>>55711477
Nvrmnd I found your source lol
https://www.naceweb.org/job-market/compensation/salary-trends-through-salary-survey-a-historical-perspective-on-starting-salaries-for-new-college-graduates/
>Adjusted based on 2016 CPI
Also
>Methodology change
>$6k drop in average
>Applied to earlier figures, actual mean was closer to $40k than $50k

[Anonymous No.55712540]

>>55711433
Another example of a stupid ass boomer. Please, keep proving to everyone how retarded your generation is.

[Anonymous No.55712705]

>>55699494
it seems to me you'll find an excuse for anything, you little shit

[Anonymous No.55712752]

Everyone young person is so spoiled today with modern technology (the internet, GPS, smartphones, netflix, spotify so you can listen to any music you want)
Why do you deserve to have no hardships in life? Anyone who lived in the 70s and before would have loved to have what you have. Older people had none of those advantages and they lived good lives. You can do the same.

[Anonymous No.55712787]

>>55699616
This lmao. So many jobs that pay 6 figures and opportunities to invest into but retards would rather "follow their passion"

[Anonymous No.55712808]

>>55711433
This is bs. I graduated from UCLA 2010 and there were literally no jobs I ended up making 30k starting

[Anonymous No.55712847]

>>55712787
Anyone who says “this” should be euthanized. Go fucking back
>a thousand times this my good redditor!

[Anonymous No.55712866]

>>55712847
Touch grass, loser. I haven't browsed reddit since I came to /biz/ in 2017.