Chris Kott wrote:Sorry, I call bullshit.........The job market is difficult, mostly because boomers don't want to retire, because they haven't saved sufficiently to support themselves afterwards. They've been so busy blowing their cashflow on luxuries, they forgot that they now have a couple of decades, rather than a couple of years, to pay for after they stop working.
Also, it used to be that a high school diploma would be enough to get you a well-paying job, or at least one where you could advance with time and effort. Now it's apparently an Undergraduate degree, or a Bachelor's, that you need to even be considered. So millenials need to shell out more for education that nets them less. We go into debt for education that is increasingly less-effective at helping us to land jobs to pay off the debt we incur just to stay competitive.
I am on the cusp of boomer/gen x.
The Boomers I know spend way less than Millenials. We cook dinner, grow food, forage etc. We shop at thrift stores, have cars older than our kids, haven't bought new clothes for a decade, don't go out to dinner, etc. The reason that most Boomers have to work is because the medical system is so much more expensive than it was before. You can't retire because you couldn't afford health insurance. Almost everyone I know has been moved out of a job so the company can hire a younger, cheaper person. Most boomers have to take care of themselves, their parents, whose care is extremely expensive, and their kids, who just want to stay in the basement and play video games all day long. We are deeply frightened about the prospect of our kids surviving. When I was young, I lived in my car/tent and took minimum wage jobs in the recession of 1983 until I could afford a weekly flop house. A high school degree was never enough for us either.
When you get old, your body just doesn't work as well. You need more health care and you have to spend more money on it. You buy and cook vegetables because you know how bad your body would feel if you ate what your kids did. You know many people who have already died, have cancer, have diabetes, are obese, are in wheelchairs, etc, and you don't want to join them. You have had dreams of traveling, etc., but you see those dreams slowly fading away.
One thing that is true is that college is way more expensive in the US than it was when we were younger. They gave all the tax breaks to the zillionaires so they didn't have to pay for college anymore. I think more people are becoming practical and going to community college, learning a skill, and learning about liberal arts on their own.