Let us refer to the scriptures:
Millennials, they’re like 19th century Russian serfs. They’re in better shape, they have more information, they’re better dressed, but they don’t own anything. Millennials don’t have a chance
Steve Bannon -
In fact, this is why Bannon believes populism will appeal to them. Not some notion that they are soon to be successful & affluent. The kids weren’t sold anyway. They want free college from Sanders types
This is the civil war. Trump/Bannon Populism vs old school (Reagan) conservatism. You are describing the latter. Bannon thinks they are a lost generation and hope that populism appeals.
Populism & Trump haven’t been exterminated.
Last edited by Sanlmar; 12-16-2020 at 05:04 PM.
You got me started Daly and I’m not happy that you sucked me in. You need to rachet up your critical thinking (cynicism).
Majority Of U.S. Adults Under 30 Now Living With Parents, Study Finds
https://www.huffpost.com/entry/young...b6946f3eb291b0
Yeah, journalism for the Facebook generation but it IS a thing. A thing that did not exist during the Reagan years btw.
That’s opportunity for liberals who want to forgive their student and payday loans. It’s also opportunity for MAGA populism which will fight the elites on their sad behalf. annnnnnnd, yes, the MAGA architect wanted to tax the elites who made over $5 million
I thought banker-cum-macroeconomics-expert handicapme told us not that long ago that young adults in the US are doing just fine economically and can readily afford to buy starter homes and cars and whatnot like their parents and grandparents before them and that all this talk about that generation having it much harder to get started building their solid middle class lifestyles is just some refraining-from-wasting-money-on-avocado-toast or some other kind of spendthrift habits they picked up along the way?
I actually Agree with The premise. You get rid of a ton of entry level jobs and the subsequent middle Management Jobs And you are cutting off this generations upside. You cut off that upside and you start to think maybe a populist regime is in fact better.
The few that own a business become doctors lawyers accountants Or become tradesmen will become (in very very oversimplified and General terms) more conservative as they grow up. The ones not on that path which are greater in number than 25 years ago may not shift as easy.
Millennial wealth is nowhere near what it was for previous generations at the same age. We were much further ahead than millennials.
I don’t even think this chart does the story justice. It was a quick search
How politicians choose to market (prey) to their plight is essentially the difference between Bannon/Trump and Druff’s lib’s.
Nowhere in this mix is what I would describe as conventional conservatism. Hopefully future generations fare better. It’s been a rough stretch since the housing crisis. They got dealt some bad cards.
They may end up with boomers wealth through inheritance. I’m not so sure with 2% return and long lives and crazy health care costs.
These facts breed the unique politics of our times.
It ain’t just housing. In fact, they are giving away free money atm.
I really think nobody actually knew what the fuck Bannon was selling. It was and still is a feel good exercise for the unwashed.
Bannon was selling a vision of bringing back the manufacturing base. I think he called it the “4th Industrial Revolution”. He wasn’t talking about the service workers you describe. It was a load of hooey but it played well to the cheap seats.
Just rhetoric. Crawling back into the womb of 1950’s post war America isn’t possible. When challenged he would ask you in response, “what was wrong with 50’s America?”
Complete nonsense.
Populism is not the future of the Republican Party.
There is tremendous change afoot and much unrest. Trump is not bright enough to lead the way. Republicans gotta figure some shit out now.
Bekah needs to go back to making cookies.
Speed the plow.
Probably the investment funds that are renting them to millenials and older folks/families who can’t afford to buy a house but want to live in a one.
The rise and fall of the starter home — why millennials are choosing to rent instead of own
https://www.businessinsider.com/star...wn-rent-2019-7
There's something lost in this discussion of millennials and their finances.
There has been a cultural shift in the past 50 years which has moved back the settling down age. Whereas in the early '70s people were still getting married in their early 20s and starting families, today's young adults are mostly postponing that until later.
There's good and bad to that.
On the good side, older parents tend to be more responsible and more mature, and make fewer mistakes than younger parents. Also, you have fewer situations where couples divorce simply because one or both people change in the course of their 20s. People over 30 don't change very much, but people in their 20s are often still developing who they are. I've always recommended NOT getting married prior to age 30, for this reason.
The bad side, however, is that there's a delay in growing up. Simply put, if you don't have a reason to be forced to mature and get real with your life, you often won't. Many millennials live with their parents because it's easy. Their parents still take care of things for them. They don't have to pay rent. They don't have to think about much. They go to work, come home, and have fun when they want. Sure, there's some inconveniences (like lack of privacy), but there's ways around that. Despite the opportunity to save, they don't budget their money very well. If you have a job and your parents are mostly taking care of basic things, why bother saving?
The bottom line is that it's far different to have the 25-year-old single perpetual student living with Mommy and Daddy, than the married young family forced to do the same.
You have to question why so many adult children just happen to hold a job within commuting distance to mommy.
I mean what exactly is the likelihood that you graduate college (or not) and your single best opportunity in all of America happens to be within a radius of 15 miles of your childhood bedroom.
Someone lacks prospects or ambition.
Forget the lack of privacy for the developmentally arrested millennial. I’m sure it’s every older parents dream to spend what would have been their empty nest years with some millenial.
These are not young, INDEPENDENT, ambitious, fast track professionals with dynamic social lives.
This is the lost generation.
Come to think of it.... isn’t this the whole “tendies meme?” I defer to Sonatine here. These are Bannon Trump target audience.
The millennials will get their student loans forgiven. Their payday loans too. $600 check. Chicken tenders on Tuesdays. Mom makes great meat loaf.
Yeah, I’m still thinking the future of the conservative movement are yet to be born.
Just want to stay on point and keep ya all properly triggered.
Kind of a trashy article. Sorry.
There was a time when you bought a home cause you liked it. Privacy. You wanted a nice backyard. Place to raise the kids. You kept it nice cause you had some pride.
It wasn’t an investment. That’s a fairly modern concept that has had some disastrous consequences that we are still getting out from under.
Millennials don’t live in starter homes cause they can’t afford it. Others rent in cities.
My first mortgage was like 13%. Money is fucking free today. Didn’t see that mentioned. I prolly missed it.
Cost 39% more than 40 years ago? Say what? Please tell me where.
Well im not a millennial at 41, im actually a Gen-X'r. Not that I care, but I am starting to hear more and more that Democrats feel that if the Government say even paid 50k a student it would clear a ton of peoples debt, and they would be able to then spend that money properly on their own lives and therefore be putting it back into our Economy on the whole, even if it is done indirectly.
So the whole idea, beyond the idea everyone should pay what they owe mentality, this has real merit. And I think one way or another we actually may end up with a 1-3 Trillion dollar bill of sorts, the essentially forgives a significant portion of peoples student debt. I think overall it would benefit the Economy, and allow people to use that money elsewhere in their lives, then pay lol juiced fill bank fed student loans. Time will tell, but im a big believer in thinking that we are actually on our way to relieving student debt from peoples backs, and it nothing more 50k a Student at least. It would help people for sure too....
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