While the continued economic slump hobbles many Americans, the downturn is crushing young people.
Almost half of millennials—those between 18 and 34—think they'll be worse off than their parents, according to research from Demos, a non-partisan policy and research center.
And voters under age 30 in Tuesday's presidential election identified unemployment (49 percent) and rising prices (37 percent) as the most pressing economic issues they face, according to the Pew Research Center .
All this is forcing some young people to skip one of their favorite past times—eating out.
(Read more: Why More Millennials Go Part Time for Full Time Pay)
Among the heaviest restaurant users, new research shows in the year ending July 2012, millennials ate out 203 times annually — 49 times or 19 percent less than they did in the year ending July 2007, according to the NPD Group, a consumer market research firm.
"I've been doing this for 35 years and that has always been the case (millennials eating out). But not the last few years," said Harry Balzer, NPD's chief industry analyst. "This is all about how the economic downturn is affecting this group more than anybody else," he said.
(NPD defines dining out as everything from a Starbucks latte to a full sit-down meal at a restaurant.) Dining out costs roughly three times more than packing a sandwich or eating at home.
"I always bring my own lunch to save money," said Andrew Welsch, 28, of Long Island, N.Y. "My friends do the same thing. I still have to pay back my student loans," he said.
A generation defined by debt
Young people are cutting back on daily expenses such as dining out because personal debt levels are rising. Among college graduates, two-thirds owe an average of $28,500 in student loans, according to the Census Bureau and the Institute of Education Science. Average.
Related: Hey Gen X, tell us how you are feeling about the economy
Many millennials are accumulating personal debt that spans unpaid student loans, credit card bills and medical expenses, according to the Demos report released last year.
With money tight, millennials voted this week with the economy on their minds. Voters under 30 also cited taxes and housing as important issues they face, said Scott Keeter, director of survey research for the Pew Research Center. He's also an exit-poll consultant for NBC News.
Weak job prospects
Weak job prospects are also hurting millennials. The unemployment rate for 18- to 34-year-olds for October was 10.8 percent, higher than the national unemployment rate of 7.9 percent, according to the U.S. Bureau of Labor Statistics.
Underemployment and low wages are problems too. More than half (57 percent) of young people would like to be working and earning more, and just half (53 percent) are working in their chosen fields, according to Demos research. Among millennials, more than half (56 percent) reported annual pretax incomes below $30,000.
With small incomes and little to no personal savings, many young people have delayed big life decisions.
Almost half (46 percent) have delayed buying a home, and nearly one third of millennials (33 percent) have postponed moving out on their own, according to Demos research. Welsch is holding off on getting an apartment with his girlfriend until after he completes his masters degree at the City University of New York.
Millennials have put off starting a family (30 percent), and a quarter has pushed back getting married.
Real happy hours
Welsch and others like him are riding out the economic downturn by reducing expenses such as dining out to celebrate birthdays. The gang used to gather at "a nice, mid-range restaurant — not McDonald's," he said.
But with the group unemployed or hours cut back, that tradition has been scrapped too. "We have to skip out on nonessentials like eating out, which is fun," he said.
With so many young people struggling, there could be a ripple effect for the restaurant industry. Younger diners traditionally have helped define eating trends as early adopters. "This group has been influential in their choices," said NPD analyst Balzer.
As a comparison, those aged 50 and older are eating out more since the depths of the 2008 financial crisis — 209 times annually this year compared to 197 outings for the year ending July 2007, according to the NPD Group's research.
So while older Americans fill sit-down restaurants, you'll likely find young people at bars, and enjoying a cheaper beer and snack.
"We’re a big fan of happy hour," said Welsch. "If we’re going out for drinks, it has to be happy hour — or we wouldn't do it."
With additional reporting by Erin Horan.


They're worried about Eating Out and I CAN'T EVEN AFFORD MY MEDS?!!! They eat out on average 203 times a year?? My wife and I consider a once a month trip to Wendy's a big night out!!
I am the one Competing with them for those jobs at McDonalds and I will work Cheap!! Meanwhile my taxes are paying for their Pell Grants and Stafford Loans . . . so they can have those i-phones, computers etc.
My wife and I will be sure to Cry for them at our daily MISERY HOUR!!!!
If you are getting Medicare then you are at least 65. You had 65 years to get rich and you did not. Whose fault is that?
its not our problem you cannot afford your meds, you had 65 years to plan for retirement. if you didn't plan for the future tough @!$%#, the young should not be subsidizing your high class living. maybe sell your house? Welcome to the real world..
Brendan-4 . . . Not a problem, I expect to live another 20 yrs and I am patient. As soon as you get a Job and start Paying Taxes, I will Get some of YOURS!!
Thanks for thinking of Me!!
HandsOff.. I already work so i am already paying for you. You got a good deal though, you got a government handout for free that you most likely didnt pay into. If you expect to live another 20 years why are you not working? are you lazy? there are plenty of simple jobs for seniors, get to work old man!
slimmy one
They don't have in part because of government policies. Many of these people followed financial advice on what put back and have found out that what they were advised to put back is no longer enough.
Example: just 16 years ago, $500,000 - $600,000 was the number I had to reach Plus Social Security was projected to be enough. My company instead of profit sharing into your 401K went to an ESOP, so I was going to exceed the $600,000. Since then then, I became unemployed and the company I worked for is about 35% the size it was and the ESOP value is now dropping.
Now that number is $750,000 - $100,000.
The problem is voting democrat, which by law takes money from everyone to give it to people that will vote for them because of handouts.
Figure it out and make better political choices!
Brendan-4 . . Please learn to read, I did say I've been working at McDonalds.
Also, I don't think you should be speaking disrespectfully to a vet on Veterans Day. I fought in the Korean War so that you wouldn't have to be born into a society like North Korea or Communist China.
Now please learn to read so that you can get a higher paying job and PAY YOUR TAXES!!!!
HandsOffMyMedicare!!
Careful... the current generation has NO clue about the sacrifices that were made to give them the world they live in now. They think all of the roads we built, the hospitals, schools, electric plants, water, you name it were FREE and just magically appeared one day.
Sadly, they FORGET we were once their age as well.
Hands off....IF you fought in the Korean War, that puts your age at least 78....do you REALLY expect to live another 20 yrs? Regardless, it sure is funny how you and the libs are crying about how terrible the economy is when only a week ago you were singing it's praises - that it's getting better, albeit slowly - just to get Obama re-elected. What a difference a week and an election make!!
Some of us did get rich, a couple of times and then we get a president like Bush II and everybody loses their retirement, job and investment in their home. So my advice is work hard get wealthy but always be careful when the wrong guy gets in the White Office. If I knew what Bush II was going to do I would have cashed in when Clinton got out and put all of my money in a box and buried it in the back yard.
DB Akron... Unfortunately the majority made the wrong political choice and we can look forward to 4 more years of 7% + unemployment thanks to the "community organizer" president. Young people go for him in larger numbers, so they deserve their fate even more.
the gap between the young and older Americans is getting much wider; everyone forgets that the older Americans were paying a very large portion of their income in un-believable high taxes, SS,Income tax ,sales tax, property Tax, state income tax, and remember the Johnson years a additional sur-tax on their income tax.
The young in order to get a good education had to make huge loans, which will keep them in high debt for about 20 years, at the same time wages in their employment is falling like a rock; we are now becoming three country's, Older Americans living on fixed incomes (ss and retirement savings, younger workers frozen out of the housing market and a huge welfare state, close to 30% of America)
How long the Republic will survive is a question no one dare approach.
Young people have to do what young people have to do, and if you invest heavily into disco balls, disco clothing, and disco music, believing that when you get old, the generations which follow you are going to be impressed with your disco memorabilia collection and you'll be rich... think again. For a 65 year old there is no excuse for not knowing that when they were young, health care was Band Aids, aspirin, and plaster casts for broken bones. Tylenol was modern medicine. Iron lungs were the treatment for polio victims. McDonalds wasn't invented yet.
Parents make sacrifices for their children. Societies make sacrifices for the following generations. If you are 65, you might wish to live for 20 more years, but the statistics are against you. The pursuit of happiness is no guarantee that happiness will be achieved. If you got a poor education, nor never learned to work, or take risks, or accept failures, you'll still get your payback in the future. Dream houses on the beach get wiped out by hurricanes, economic recessions, divorces, and any number of things that you don't plan on when you're young. So I say good luck to the younger generations, but as far as my own generation goes, we've been in this together for 60 years or more, and some of you jerks are the same lazy incompetents now as you were decades ago, and I can understand why you're not getting any sympathy.
I believe they won't be as well off as my generation, "Baby boomer," and we weren't as well off as my parents' generation, The Greatest Generation." This is in part to income distribution.
My parents' generation had earned money that was significant; pay mortgage, school, vacations, save for retirement and new cars and mostly with only one working. Unions paid well with benefits, and corporations spread their wealth to the employees, there was no such thing as a CEO getting 25 million to resign or a bank that invested poorly getting taxpayer handouts.
The Baby boomers had an easier life but carried those beliefs with us through life and ended up with a whole different corporate relationship to employee, more of master and slave instead of the corporation for the well being of both.
The current generation has a problem with that earning "significant money" problem because of the huge and growing income disparity. It is this disparity that creates indebtedness and social programs that make up the difference. Income disparity creates socialism. If people, like my parents, made significant money there would be no need for socialism!
It's a little hard to feel sorry for people just because they can't eat out. I agree the current crop of graduates has it pretty tough, but they might be amazed to learn you can live without a cell phone of any kind or cable TV. That would save them about $200 a month right there.
So the "entitled" generations meet the real world. Too many go to college and get a degree in what equates to "nothing". There are no jobs whose requirements are a sense of self-entitlement, narcissism and laughing out loud in public at every little thing. To those same generations that have something to say back I have one word: Whateverrrr *eyes rolling*
But yet they voted for Obama
Even the CBO projects unemployment to go up to 9% throughout. I heard new list of places laying off 200 - 700 people and another list of places cutting out full-time employment. You may hear that they are quitting because of the ACA, and it is part of the reason. The other part of the reason is that they were holding on to people in hopes that someone other than Obama would be elected. Their parring down is the result of facing the realities that they cannot keep people and continue to show loses. To survive they must cut, and the sooner, the better.
What I am hearing is the larger businesses. The smaller businesses you won't hear about like my wife's company. I know others that are laying off.
Three years ago, her wife's company had 8 employees He is now down to 5. The last one to leave was a week before the election. After the election he decided not to replace that employee. He will pick up the same 2 people (1 used to work full time for him) to help him during his busy season and he won't cry too much if one of his part timers quits in the meantime.
Why, he can bill all he wants, but many people who used to pay are not paying in full anymore, paying late, and some have quit paying at all. These are small business people, who cannot afford changes in taxes let alone ACA mandates and taxes.
LOL Funny how some assumed you were 65 and they are paying your way now. Is that how younger people think about the older generation? Honestly, if you've worked your entire life, since you were say 12 years old, how on earth do you think you are paying for someone else to enjoy their retirement? We've all paid our own way since the moment we started working and paying taxes. Yes, back in the stone ages most of us crazy old folks started working before we were even teenagers. Which shows how much has changed over the years. Never assume anything, because usually its a wrong assumption.
As for young people not being able to afford things, what things is it they are trying to afford? And are most of them even working? I work at a university and most of these kids are still supported by mom and dad, some of them work part time jobs, but what does a part time job really give you? Not much money, that's for sure. The younger people that I know of at the university always seem to have the latest new phone, trade in their old ones just to get the new ones, and spend money willy nilly on unnecessary junk they just throw around their dorm rooms and its soon forgotten about. All a person really needs to survive is a roof over their head, food and clothing. But when they are using credit cards to buy that $90 pair of jeans at the mall, you have to question do they really know anything about money and how credit really works. All the extra stuff is material possessions. I do feel sorry for younger people going to college, however they are paying for it they will be in debt for the next 30 years with the way student loans work.
Ignorance is rampant today I see.
I don't know. I've been around a lot of millennials and they do seem to be the entitled generation. Not all mind you, but a vast majority I have interacted with seem to think spending time on Facebook and buried in their phone are acceptable ways to spend the day at work.
I remember several articles stating that employers would have to revolutionize the way they deal with employees to accommodate millennials. They would have to offer shorter work days, make work 'fun' and allow them to work from home. The reality is that they call it work for a reason, it is NOT kindergarten.
This of course is not to say that millennials can't change and should be ignored, I just think their perception of how things are will need to change a bit. Of course I also leave open the possibility that I am dead wrong about this.
What is amazing is they STILL VOTE/VOTED PROGRESSIVE.
Maybe some of them are in the vollowing video:
The Banker
Hello, my name is Montague William 3rd
And what I will tell you may well sound absurd
But the less who believe it the better for me
For you see I’m in Banking and big industry
For many a year we have controlled your lives
While you all just struggle and suffer in strife
We created the things that you don’t really need
Your sports cars and Fashions and Plasma TV’s
I remember it clearly how all this begun
Family secrets from Father to Son
Inherited knowledge that gives me the edge
While you peasants, people lie sleeping at night in your beds
We control the money that controls your lives
Whilst you worship false idols and wouldn’t think twice
Of selling your souls for a place in the sun
These things that won’t matter when your time is done
But as long as they’re there to control the masses
I just sit back and consider my assets
Safe in the knowledge that I have it all
While you common people are losing your jobs
You see I just hold you in utter contempt
But the smile on my face well it makes me exempt
For I have the weapon of global TV
Which gives us connection and invites empathy
You would really believe that we look out for you
While we Bankers and Brokers are only a few
But if you saw that then you’d take back the power
Hence daily terrors to make you all cower
The Panics the crashes the wars and the illness
That keep you from finding your Spiritual Wholeness
We rig the game and we buy out both sides
To keep you enslaved in your pitiful lives
So go out and work as your body clock fades
And when it’s all over a few years from the grave
You’ll look back on all this and just then you’ll see
That your life was nothing, a mere fantasy
There are very few things that we don’t now control
To have Lawyers and Police Force was always a goal
Doing our bidding as you march on the street
But they never realise they’re only just sheep
For real power resides in the hands of a few
You voted for parties what more could you do
But what you don’t know is they’re one and the same
Old Gordon has passed good old David the reigns
And you’ll follow the leader who was put there by you
But your blood it runs red while our blood runs blue
But you simply don’t see its all part of the game
Another distraction like money and fame
Get ready for wars in the name of the free
Vaccinations for illness that will never be
The assault on your children’s impressionable minds
And a micro chipped world, you’ll put up no fight
Information suppression will keep you in toe
Depopulation of peasants was always our goal
But eugenics was not what we hoped it would be
Oh yes it was us that funded Nazis!
But as long as we own all the media too
What’s really happening does not concern you
So just go on watching your plasma TV
And the world will be run by the ones you can’t see
Written By Craig-James Moncur
This is your economy.
This is your economy on Obama.
Any questions?
And yet they voted for the clown in chief.
Smart bunch..
Coming from the 5 or so idiots who think a guy who laid people off and avoided paying any taxes for a living was the better choice. Mitt never had a chance, it was written on the wall months and months ago. I feel sad you guys thought he actually had a chance. In 20 years if you live that long, history will forget everything about Mitt - most people won't even know his name.
I saw this coming over thirty years ago when I was in high school. Even then the majority of the kids had no idea where their nice clothes and cars came from. I bought my own car and supported myself on two part-time jobs through the last two years of high school and afterward worked three jobs and still couldn't afford to eat out more than once or twice a year and that was only because of my tax return. My friends and I would hang out at Perkins drinking a bottomless cup of coffee that cost us a quarter each a lot of times. Sometimes we'd pool our change and have enough for a plate of fries.
What we're seeing is the result of parents thinking they need to make things so their kids have it easier than they did. Seriously? My parents' idea of making life easier for us was providing a relatively loving and stable home instead of us being raised by a couple of drunks like my mom was. Teaching our kids that money and possessions are the most important thing is a huge mistake.
@handsoff
There was no "bottom" for you, you walked into society from High School with what arguably was the most robust economy in US history, and started making a living wage...something that is impossible today.
Globalization didn't exist, outsourcing was unheard of, and premium health care and insurance was abound. The lifestyle experienced by older generations is one that will never be seen again (compliments the WW2 generation and manufacturing boom). But there in lies the problem, older generations believe that their same methods of success will work today, when in fact it is a completely different world.
Economy crushing Millennials and yet they overwhelmingly vote for Obama. Brilliant!
(After all the government is just going to give them free stuff, right?)
Keep on thinking that. Mitt lost and was the candidate with no ideas and no real position on anything. Try harder next time. Maybe get a guy who didn't make his fortune laying off hard working people and avoiding taxes.
IT is hard to loss a house when it is paid off. Jobs are easy to get and if you loose your retirement you were poorly invested.
Last I was told most of them were Generation Y and some even X This is so confusing one article says up to 81 is Generation X others say 79 to 99 is generation Y now it is 78-90 is a millennial?????
Well that takes some analysis to determine. My parents at this time in their life had 30K in consumer debt and made 50K less then we do. They had a House but they had 80K in debt from it. 6 years ago we made 30K less and had 130K in debt including student loans, car debt, card debt, tool debt, and some small debt. Now it is paid off and we make about 90K. However we don't have a house But this is mostly because we don't want to deal with buying a house every 3 years.
I would say were doing much better off than our parents My parents when they reached 56 years old they had gone bankrupt 3 times ( twice during Clinton) discharging 30-40K of debt every time.
The Vic President said the polices of the last 4 years have burred the middle class. he said this in 2012.
I forgot to say do you people know Hands off is a 18 year old troll in Some mid western town of 20 people?
This is a perfect example Most people don't pay or hardly pay any federal income taxes
How are we to compete with China and India in 10 years when you have to go broke to get an education and in China and India you don't. What a backwards moron. The government needs to spend more on sending people to college for s.t.e.m Science, Technology, Engineering and Math. It is the Best investment that they can make in the country!!! And it is not used to buy iPhones like old out of touch people would like you to believe. Yes if only we could touch the defense budget and our problems would be over. But alas for far too long the poor, elderly, college students, minorities, medically disabled and single mothers have had their boot on the neck of the white man and the right wing know better agenda. Yea Right!!!!!
OK. Here are some ideas that can help all generations to cope with the economy.
1. No one owes you anything.
2. Life is not fair.
3. Your experience is what you make it.
4. Hatred of those more successful than you is a no-win situation.
5. There is more than enough to go around, so don't grab at everything.
6. Stop whining.
Jay, those are good points. Blaming someone else for your problems is pointless and accomplishes exactly nothing.
What the hell is wrong with you people. Even if you do not agree with HandsOffMyMedicare!! show the man some respect. Times may have changed but what the hell happened to respecting someone in their later years especially someone who claims to be a Vet (no actuall proof is provided to support this though). Reguardless though assume he is as he claims because without proof you only have his word. If by chance you really are a Vet as you claim thank you for everything that you have done. As for this news story though i think it ignores a critical point as some people pointed out. These individuals being referenced in this article are my peers, and i will admit that the younger side of this group doesnt know what saving money or spending inteligently actually means. I can almost promise that if you looked at what crap these "cash strapped" ( < sarcasm) individuals still buy you would see that the money flow is changing. Instead of going out and spending $8 on a coffee or $25-40 on a semi conservitive sit down meal they are spending that cash in other places. I dont know of more than a few people around my age who have an account ballance of a few thousand or more but those same people all went out and got the newest Iphone when the old one still worked, or tossed away a few hundred for a new Tablet because the screen was bigger than the other one they had. Its not that my age group has stopped spending money its that they are spending it in other areas like technology or cars out of their income range. Everyone can say these morons can continue to bring themselfs down and ruin their own lives through the means of personal ignorance and stupidity but sadly they will be the ones that help bring down America if they dont learn or everyone else doesnt compensate for them. Its sad but this age group is messed up and if given the chance will bring society with them when they shoot themselfs in the foot. Nothing is garunteed and nothing is an entitlement. Work for everything you want and if you dont get it try harder or be satisfied with what you have accomplished.
Wah wah wah... I am part of Generation X..... The same generation that everyone said was the worst one yet. I was raised though if you can't pay your bills, rent, and any other living expenses, you didn't go out to eat or drink. You work as many jobs as it takes to support yourself and live on your own.
To this generation.. I would recommend getting your prorities back together.. get rid of the cell phone, you don't have to have cable tv to live, learn public transportion, get 2-3 jobs, and stop mooching off your parents. The world owes you nothing.
and we owe your generation and the generations before you absolutely nothing. pretty convenient i must say about how your generation and generations prior just decided to dump the largest debt in the history of mankind on my generation.
maybe if you wouldn't have voted yourself benefits and stop encouraging government spending we wouldn't be in this shape in the first place.
in fact, how about we just confiscate 60% of your paycheck going forward since it was your generation doing all the spending? its the same thing you did to my generation... thanks for that
brendan-4
Really? So when my generation and the one before me, paid taxes for the schools that you used, the roads you drove on, the electricity that you use, the soldiers that defended your FREEDOM to live in this nation, the hospitals you were born in, the water you drink, and much more. Do you think this was FREE? Or did SOMEONE have to pay for it and build it before you even came into the world. Think about any of this or did you just take it for granted like your generation probably does.
My generation did NOT vote in a bunch of benefits for ourselves. We are also paying for the babyboomers as well. Why don't you do your homework first and get a basic course in American government.
P.S. If you really want to to go there, your generation is LUCKY to live in the world we have right now
Hey Brendan-4, You can thank G.W. Bush and his Repulican supporters for dumping the largest debt in the history of mankind on your generation. A lot of my generation voted for Gore instead of Bush in 2000 and our economy would be a lot healthier now if Bush and the idiot election officials (including his brother, the governor at that time) in Florida hadn't stolen that election.
Your anger towards Gen X is misplaced. It was the boomers that spent the country into a deep hole. Heck, it still mostly is the boomers in control of the government.
Gen X will be the first generation to get hit with the bad choices of the Boomers. We will have no social security ( not an entitlement since we pay for it ), We will be lucky to have affordable medical care when we reach retirement and we will all be lucky if the dollar dose not devalue to the point where bread costs $50 or $60 a loaf.
Gen X will likely be the Generation that stabilizes that current situation and those after us will likely be the ones who will start to fix it.
Both Gen X and the following generations are all going to pay for the mistakes the boomers left behind. So, if you want to be mad, be mad at the boomers.
QE137
Outstanding Post and I agree 100%. It will be the responsibility of generation x to stabilize the current situation and the one after us to keep our country truly moving forward.
excuse my ignorance of which ages represent specficic generations. my post was meant towards baby boomers.
@its about time,
my taxes i pay for now pay for the roads, schools, food stamps, ss, medicare, etc. Me being 26 will be forced to put into taxes and entitlement programs a larger share of my income than you will ever have contributed over our lifetimes.
Its simply not fair, thats all. and btw, infrastructure life electical grids and other systems are provided by the private sector, not public sector. I sure as hell better not see my taxes paying for electrical grids, thats what i pay the power company for..
Now I'm really embarrassed! I have just been classified in the same category as Bush II who caused this problem when I disliked him and didn't support any of his policies.
Please if you must generalize with the Boomers put me in Clinton's category. He was a boomer also and caused the country to have the biggest expansion in history along with the 2nd of only 2 presidents to balance the budget, the other being Andrew Jackson, and cause an employment explosion that if you wanted an employee you had to buy him. So it isn't the boomers that caused this problem but just some idiots who happen to share my generation.
Yes, in a way that is how it works, and you will be in that category one day also, If you make it - some don't and that is why it sort of balances out. I had the same thoughts as you when I was 26 but now receive some benefits. But I still pay taxes like you, just not medicare and ss. The biggest difference when I was your age was our taxes were twice of what you pay, I'm glad to pay less tax now but don't agree with the government borrowing money to pay their bills and not relying on the tax structure.
You want to get me angry talk about all the people I paid for and am still paying for each year to go to school. By the way you write I assumed you went to school. See I never had any kids and my parents sent me to a private school that they paid for, however they still paid school taxes like myself and you.
Sue Denim, you're an idiot.
The democrats VOTED for those wars and the debt that went with them. You can scream and whine and throw out all the MSNBC and Rachel Madcow soundbites that you want, but you can't change the FACT that democrats like Hillary, Kerry, Reid, etc, voted for those wars. And you can't scream about WMD, either, because Bill Clinton bombed Iraq in 1998 in "Desert Fox"...so you can't say one administration "lied" about WMD, and another one didn't.
As far as the 2000 election, Bush won it. There were two statewide counts that proved it. Gore just wouldn't let it go...and first tried to convince people that re-counting four democratic counties he already won by a landslide was the only way to "count all the votes"...and THEN tried to convince everyone that re-counting all the votes that were supposed to be thrown out by the laws of the election was the only way to "count all the votes." Thank all that is good that the US Supreme Court adhered to the equal protection clause of the 14th amendment and stopped Gore from trying to steal an election he had clearly lost.
Yes the millennial generation has it so good they don't realize. /sarcasm
So good we have had the largest national debt, and the worst economy since the great depression dumped on our generation... most of us couldn't vote for Bush V Gore, or even Bush V Kerry.
Y'all grew up on the one of the largest economic expansions in US history, screw it up royally, then dump this on us, and some how were entitled for expecting things to be better than they are now? And the best you can come up with to defend yourself is "we paid taxes"? I would love to make enough to be taxed, living expenses are so high right now that there is literally nothing to take
Because we expected the previous generation to make wise choices on who they elected and what they were doing while in office?
Because up until 2009 we were told college would better our future?
Because we expected that college would improve our job prospects like every generation before us?
Because were not satisfied working 8 hours a day to still be broke, unable to pay our debts, and still struggle?
There is nothing that could of made this youth generation more left than living through the Bush Era and watching everyone not give a damn about the economy until Obama took office. They were all to concerned about gay marriage and abortion in the debate, which he didn't do anything about.
Thing are not going to get better until expenses stop increasing faster than our incomes and we actually have money to stimulate the economy with... until then no TV, no eating out, no cell phone, no homes, no families.
Jax, yes they voted for it after they were strongarmed, and labeled as unpatriotic, Neville Chamberlain style appeasers. NOT because there was any real evidence of WMD. Hans Blix and the UN team were not able to find after a year of looking, but Bush/Cheney used fear tactics very effectively to portray anyone that wasn't for invasion as a 'terrorist sympathizer'. So if you want an argument from someone who can verbally throw down, be my guest idiot.
MacDeezy...if there were no WMDs in Iraq, why did Clinton bomb Iraq in 1998? Let me guess, Iraq had them in 1998, but not in 2001?
"Strongarmed"....please, elected officials are supposedly above teenage peer-pressure.
Moron.
Your argument is completely sophomoric, and discredited. Clinton bombed Iraq because he believed Saddam Husseins bluff about WMD's that was really intended to discourage Iran. You should really go read a book, maybe study for your GED, just don't make any comments.
Right MacDeezy....Clinton and the dems didn't really believe Iraq had WMD's right?
Here are some quotes for you, sparky, you seem a little lost:
Yup, those dems and Clinton certainly never thought Iraq had WMDs, all-righty.
Anything else, or are you through embarrassing yourself? I'm sure your junior high will accept your transfer credits. Don't give up.
Sue Denim
Hey Brendan-4, You can thank
G.W. BushBarack Hussein Obama and hisRepulicandemocrat supporters for dumping the largest debt in the history of mankind on your generation.Fixed it forya. You are welcome.
Jax, Saddam was BLUFFING! He blocked inspectors and Iraq got bombed for it. Spin it how you want, but all those statements date BEFORE Hans Blix and the UN inspection team concluded in 2002-03 that there were NO WMD's in Iraq. Why do you ignore history?
MacDeezey....why do you? The UN (not the US, not the republicans) didn't create 1441 for no reason. Funny how you seem to forget all about that.
Attacking Iraq is OK for Clinton and the democrats because of the "bluffing" but not for republicans, and not for democrats that agreed with the republicans and who voted for the war, huh?
You're obviously not done embarrassing yourself, please, continue....
I gotta say......I am on the cusp of the millennials and Gen X (I am 33) and to me it seems that the general trend is (I'm sorry folks), NOT EVERYONE but the GENERAL PROBLEM is the Baby Boomers. Your parents were hard workers who survived the depression and many were vets, and most of your children have nothing. WHY??? Because there were so many of you and you were all special and you all wanted to accumulate as much as possible. Just my two cents.
The GOP has 2 options:
1) admit that their ideology is from the wrong century and catch up
2) double down, start the blame game and lose again
If Both Parties don't start actually doing something to fix the real problems in our country like "out-sourcing", illegal immigration, the out of control costs of health care insurance and our needing to greatly increase the safe harvesting, production and distribution of our own natural energy here in the USA by the next election - American citizens may just have to run a nation-wide campaign to vote out every single incumbent elected official from office regardless of party, so that maybe then they'll finally get the message.
Wouldn't it be More Productive if Our Elected Leaders Started Working Together as AMERICANS for AMERICANS and AMERICA, instead of just bickering, stalling and posturing for the next election as democrats and republicans! The American People have had it with this unproductive BS! The sad thing is that both parties stink! Neither party is really looking out for the best interest of the US Citizens who elect them and who they're supposed to represent.
Perot 1992 "Jobs getting sucked out of the country" - Many people saw it back then, but unfortunately too many people bought into the spin of "BS" that we were being sold.
YouTube - Giant Sucking Sound - Ross Perot 1992 Presidential Debate.flv
And this something that most of us already knew at that time, because it was just common sense!
You may want to check this site out: economyincrisis.org
economyincrisis.org/content/protectionism-matter-self-survival#comment-6632
economyincrisis.org/content/unethical-predatory-practices
Too bad we'll never see these types of articles in the mainstream media
It's appears that the foreign interests are influencing our media as well, just watch the ABC Nightline special on Apple's iPhone and iPad products being made in China that ends with the dramatic biased comment "That you can be the nation that lines up to make these products or the nation the lines up to buy them, but it's impossible to be both". What BS propaganda! ABC has direct ties to Apple and Foxconn.
It also doesn't help us compete when some of these companies are subsidized by their communist government.
This week even "60 Minutes" got into the act with their BS show about US manufacturing companies not being able to find enough qualified help. It doesn't help that, since manufacturing has been declining for decades, our children are being pushed towards liberal arts degrees rather than technical training which could have led to jobs, had we not been going down the ever increasing path of "Out-Sourcing".
Our economic problems didn't happen overnight. It's been happening over the past 15-20 years, but the economy was kept going by middle class Americans tapping into the equity on their homes until they were completely tapped out.
It shouldn't be all about Democrats or Republicans! It should be about doing the right thing for our country and the majority of its citizens. I consider myself an independent voter, but going back to the Reagan days and with the only exception having been Perot, I’ve always voted Republican. But all this single-minded, left versus right, ideological one dimensional bull has got to go! This is the problem with our country. It shouldn't be about Democrats or Republicans! It should be about Americans, especially our elected officials, doing the right thing for our country and its citizens.
Both parties have sold out the bulk of the American citizens, who they're supposed to represent, by allowing the "out-sourcing" floodgates to open wider and wider without taking any sensible measures to stem the tide. (Under Clinton jobs to China, Under Bush I & II influx of illegals or cheap easily abused labor into the US and jobs to Mexico/NAFTA) Our leaders are elected by the Citizens of the United States of America to represent the interests of those citizens and the country itself. They are NOT elected by the Global Market Place or foreign citizens!
We need our elected officals to Start Protecting American Jobs and do whatever it takes to bring back the jobs they let go. We need leaders who will actually stand up for the American people.
We need to bring manufacturing back to the United States of America and both parties are ignoring tariffs as a way to level the playing field, raise money and bring jobs back home. Let's guess why. Oh that's right, tariff is a dirty word. Hum, maybe it’s that our so called leaders (political leaders) are beholden to the same people who are exporting our jobs.
I guess we should keep letting Corp Boards, Wall Street, CEOs and Foreign Lobbyists promote sending US jobs to countries where they work for slave wages, no benefits, no OSHA safety standards or no real environment regulations. How's that been working for us?
The so called “Global Market Place” is not a level playing field. Companies may have made higher profits by "out sourcing", but they've been putting middle class Americans who are a good part of the world’s customer base out of work. I’m not a lefty or member of any union. I run a business that employs over 20 people and produces products that are purchased by customers that do manufacturing and packaging. I’m just an average Joe, but I've been saying this for more than 10 years now. If I can see it, so can our so called leaders (political leaders) who are beholden to the same people who are exporting our jobs.
We need to add tariffs that are proportionate to the inequities in wages and regulations in the country where the goods were produced and or where we’re importing them from. We could then use the money raised by these tariffs to help companies build state of the art manufacturing plants here in the USA, which would create more jobs here at home for US citizens, which would then in turn increase our income tax revenue.
The people with all of the excuses as to why we can’t or aren’t willing to manufacture products here in the US are the same people who have provided us with the thinking that’s gotten us into this mess in the first place.
Over the past 15-20 years, I've seen too many of our customer's close manufacturing plants here in the USA and move those plants to different countries, decimating entire areas here in OUR COUNTRY. And I'm not alone. Returning jobs to American Citizens will provide income tax revenue to OUR Government versus our government having to pay unemployment benefits to those who would be jobless instead.
Bringing manufacturing back to the US not only gives jobs to the US citizens who would be working in those manufacturing facilities, but to the people that would be working in the businesses that would spring up all around them. This should also include the safe harvesting, production and distribution of our own natural energy here in the USA, rather than paying for fuel from countries where they hate us. Let’s keep that money and those jobs here in the US.
These so-called “free trade agreements” have to go. It was obvious when they were passing these agreements as to what was going to happen and sure enough it did. Our leaders had to have known this as well when they were passing these bills. It’s just common sense. We also need to bring customer support services back to the United States of America and staff them with employees who are US Citizens.
The “Global Market Place” is not a level playing field! The whole idea of the tariffs is so we can pay our factory workers a decent wage and not be blown out by these other countries where they don’t play by the same rules.
We may have to pay a bit more for products made here in the USA by US citizens, but at least we'll still have jobs and a future for our children.
The bottom line is that “Our Government” has to protect American industry and the jobs that those industries provide. If they do that, the rest will take care of itself.
I seriously don't know where these guys get their numbers. If you can afford to eat out FOUR TIMES PER WEEK, you're not doing so bad financially. My wife and I are 32, but *GASP!* go to the grocery store and COOK our meals. Eating out is an event. A cold can of beefaroni and a Mountain dew for lunch is the norm at work. $2.50
I don't know bean. You can eat out as cheaply as cooking at home.
A dollar menu burger and a dollar iced tea. That's $2.00+ tax and you've "eaten out". I think these statistics are missing some critical analysis. I wonder if hitting up the local soup kitchen also counts as "eating out".
We actually do pretty well with the grocery bill. Averaging $140 per week for a family of four, and that includes laundry stuff, cat stuff and some discretionary items, not to mention school lunches and work lunches. I'd rather have baked chicken, beef stew, lasagna etc than any McDonalds value meal fare. The McDonalds value menu...ugh. And If I want coffee, I have a perfectly good percolator upstairs in the kitchen. Starbucks can keep theirs.
Note the article stated: NPD defines dining out as everything from a Starbucks latte to a full sit-down meal at a restaurant
That might mean no meals out but 4 lattes a week. Though it's not clear whether a pricey coffee like a Starbuck's latte is the bottom of the range they counted, or whether a cup of joe from McDonalds would count as well.
Slimy one.
The wife and I for a family of 4 need, use $60.00 per week maximum.
One meal for all four on a McDonalds Value menu minus Soda is $8.00 - $10.00 per meal.
DB,
I've eaten that cheaply before. I have to say though, it involves a lot of pinto beans and cornbread, as that's about all I could find within that budget. Barely had to turn the heat on because of all the gas. :)
A lot of pasta's with half the meat. Pototes, Rice, Chicken, Pork, Turkey Burger, 90/10 hamburger (when price is close to $3.00 a pound), in bulk from wholesale clubs. Back that up with discount bread stores, and real low cost Grocery Chains for snacks that actually resemble the name brand snacks, and other items.
Looking back in the last year we had to go to actually using about $80 per week in the last few months. A lot of Stuff that costed $.99 is now between $1.19 - $1.69. That is what Quantitative Easing and shortages do for you.
I'm sorry but you baby boomer "it's not our fault" trolls need to back off. There isn't a state in the union where you could feed a family of 4 for a week on 140 bucks, much less 60.
Repeatedly saying things does not make them true, you're full of crap, post your receipts or get the hell outta here.
@Intellect
I'm not a baby boomer. I'm technically not even Generation X. If I could post my latest receipt I would. It's $143 and change. I shop at Bi-Lo of south Cleveland, TN. The thing is though, in order to actually get it that low you have to COOK. No hamburger helper or frozen dinner processed crap. If that's the sort of things you're buying then I have no DOUBT that you're popping $250 a week easy.
I doubt this will even get read but here's the menu for this week:
Sunday: Chili (homemade)
Monday: Baked BBQ Pork Chops (homemade) with 2 green vegetables
Tuesday: Beef Stew (homemade)
Wednesday: Country Captain Chicken (homemade) with potatoes, carrots, onions, and peas
Thursday: Leftovers (Believe me, we'll have plenty)
Friday: Chicken Fricassee (homemade) with two green vegetables
Saturday: Probably will eat out as kids won't be here
Btw: You can drink whatever you like so long as it's home brewed tea or tap water. Saved about $12 a week skipping the sodas. Kids left half full cans all over the house anyway. Massive waste of $$$ over time.
Why eat garbage? Eating garbage fast food though cheaper is not a healthy long term investment in oneself. Sorry I guess we are just snobs who treat our body as a temple.
We boomers wrecked if for the Millennials. Because we are not focused on manufacturing and what manufacturing we do is done by technology and not people, they have no path to the middleclass. When we were coming up you could become middle class taking the prescribed education path. If you have a high school diploma you could get a job at the local factory that put you squarely in the middle class. Now even with a college degree you are doing jobs that don't pay much at all. That combined with the lack of enterprise in the millennials caused by the everyday is above average everybody’s self esteem must be maintained everybody get a trophy has caused them to be starting 2 steps behind. All this was done to them by us boomers…their parents.
Thank you for bringing up "baby boomers". We have consistently been squatted upon since our miserable births post WWII. We were squeezed into grammar school classrooms (too many of us.). We were squeezed out of colleges (too many of us.) We also had no jobs (too many of us.) And when we finally reached retirement age, they pushed back the age limit for everything, and we can't even get the senior freebies!
Slimyone - "Because we are not focused on manufacturing and what manufacturing we do is done by technology and not people."
Yes, but beside that, creating "things" creates assets that back up our money and keep our money circulating in our country rather than someone else's economy.
Printing money to pay a bunch of govies who spend it on foreign goods and low wage service providers who also send it overseas for their necessary goods is killing our economy. It's not the politicians fault. We wanted cheap stuff and we sold out our economy to get it. Now it's time to pay the piper.
wouldn't that all be a result of a purely capitalist/ free market system as sending jobs overseas would make the business owner more money and more profitable? as is the goal of being a successful company?
If the greatest generation and all other generations that had come before us had actually paid their fair shair ( not talking just taxes) instead of deflecting the tax burden onto their children and grandchildren we would be in much better shape.
But hey, grandma that is making $50k a year in investment income really needs another $50k a year from social security to travel the world.
Problem with society is that we have subsidized a specific standard of living. An epic standard of living... SS and other safety nets were created so old people were not starving on the streets, but now we subsidize a higher class of living than when the people were younger..
All in the name of "retiring with dignity".. political double speek... wake up millenials
check out those six figure motorhomes cruising up and down I-95 every srping and fall...they go down to florida in their taxpayer subsidized housing and complain about socialism...it's too funny
Careful brendan, very frustrating times for everyone, but if the greatest generation had not done what they did, you would be goose-stepping down the street with the Gestapo on your heels. There is no generation immune from blame for our current economic condition and at the same time, all generations can take credit for our current economic opportunities. We can't worry consistently about the problems of this economy or you will miss out on opportunities like cheap housing that can be acquired and turned to rental income or low cost borrowing to help build a business or emerging fields in energy and medical/health care. The glass is half full.
What's the difference? Old white boomers are already goosestepping themselves to church every week, stultified into conformity on a scale Hitler would have been in awe of.
Personally, I'm a Republican, and I find Obama's economic policy horrifying in its scope. However, I refused to vote for Romney, because however expensive the debt incurred in the next four years may be, the social consequences of a party represented by people desperate to relive 1955 without the use of a DeLorean is utterly terrifying.
As far as the greatest generation and the supposed debt owed to us because of World War II, be VERY careful assuming that's some kind of blank check for you idiots to run this nation unanswerable to anyone. Whatever debt that was owed for that little performance has been absolutely overridden and nullified by the bullh*t we've had to put up with from you as you grown into uselessness.
As far as I'm concerned, the only "shovel ready" project this nation should ever consider for the sake of its future is digging Baby Boomers' graves in breathless anticipation.
The average Social Security check is $1,200 or thereabouts, so B-4, where do you possibly come up with $50,000 on "Social Security". That argument being bs, so are your others. There are people who didn't make much, lived where they could, worked for less than $10,000, struggled and lived, didn't get a house until well past your age, rented rooms and made their own way. You are far better off than many people in this world; join the Peace Corps, if there still is one, make a difference for the world, don't get stuck in your own greed and contempt of all. You sound like you would be contemptuous anyway if you didn't get exactly what you wanted.
Tough luck if you can't eat out - TOUGH LUCK! If you're angry, too bad, get out and dig up a job, get the best you can, and if you can't afford what you get, keep looking. No one promises you a house in your 20's or 30's. By the way, many so called "old ladies" survive on Social Security and live in poverty. If you want to see the privileged class, look at the "government", they are the ones driving around in mobile homes, at least many from California, where in a city like San Diego, the average "government pension" is $40,000 plus, and there are many in the $100,000 bracket, others between $200,000 and $400,000, one was going to retire at a million before they tossed him out for "corruption", those who get many paid holidays, time off for everything, shorter days, and also many times, free medical. Compare that to the average of $1,200 for Social Security. Also, many in the
government" have retired in their 50's and get another job, and still get full "pensions", all this is a crime against the common citizen taxpayer. Social Security is currently around age 67. The "teachers" who complain here are many times the ones buying second homes, and some have begun to retire at $100,000 or thereabouts per year. Six months off, summer, Easter, Christmas, etc.
The fact that you paid more for college is because of ever rising "salaries" and
"pensions" for the bureaucrats, etc.; in college, some of whom retire at hundreds of thousands of dollars per year, with free medical care.
In otherwords, you're way off in your "analysis".
Medicare costs money in case you don't know, and many people have gone without insurance. No one promised me a job when I got out of college, but I worked at the jobs I could find, and I was happy to be independent on my own. If you got issues, too bad. I'm against all wars, yet they keep happening. Iraq was and is a War Crime. Hundreds of thousands of Iraqis were killed or miamed.
So there is no real choice to go forward with a plan as long as there is a "2 party" system, or so it seems. Without Vietnam, this country would have moved forward okay, it was prosperous and happy. One "war" after another, and the country is moving backwards.
Under who's watch did Gov't salaries rise to such heights? Under who's watch did the jobs leave this Country with abandon under? Under who's watch was the "illegal immigration" problem never addressed? Under whose watch have the top 5% systematically dissasembled this Country ?
I suppose it was all the "Union's" fault? Someone else was sitting across the table from the Union's during negotiations....
Then why did the largest percentage of this age group vote for Obama again?
Why Obama again? Because in the short lifetimes of the millennials what have the Republicans done? Freedom limited by the Patriot Act, government expanded by Homeland Security, to name a few high profile blows to the Republican ideals of libertarianism. The Republicans stand for high taxes and government expansion JUST LIKE the Democrats; they just differ on which special interest gets them. Where the parties now differentiate is that the Democrats stand for individual freedoms (women's choice, gay marriage) while the Republicans, the GOP = Grumpy Old People, are for creating some sort of myopic Christian Theocracy of the 1950's. Young people would rather be free and poor than rich and stuck in a backwards thinking Christian state.
CRAMPY - You are 100% correct.
And being able to vote stuff for yourself and have it taken from someone else is a huge incentive.
Because they are intelligent, informed voters? Because they have compassion for fellow human beings? Because they believe in freedom & liberty? Because they like President Obama? Because Mr. Romney & Mr. Ryan are NOT their cup of tea? Because the 1% do NOT run this country?
Except Mitt is not George W Bush...not by a longshot. The liberals of Massachusetts voted him governor.
You idiots just chose a community organizer who has never had a real job over a someone who has led a big company, a state & the olympics.
Get ready for 4 more years of recession...
LB-3426829
Someone who bought companies, saddled them with debt, stole their life savings, exported their jobs to china, filed bankruptcy, and then got a bail out on the bankrtuptcy using our tax dollars? yeah emm hmm.. Romney.
yeah, Romney led the olympics and went to BUSH and Clinton for a 1.3 BILLION dollar bail out to keep the olympics going. Yep, that is success, or is that what people IGNORE about Romney. We won't even go there on his flip flops.
Get ready for 4 more years gridlock if the GOP wont work with the President and vice versa.
They voted for Obama, yet whine about the economy. It's like Rosy O'Donnell stuffing her face with donuts and complaining she's fat.
LB - If Mitt was such a great governor of MA, then why didn't they vote for him? That says a lot to me.
Obama campaigned on getting rid of the Patriot Act, yet signed its very extension in 2009, and campaigned on closing Gitmo and yet it's still open, so those arguments about Obama and the dems being all about "personal freedoms" go right out the door.
Obama added more to our debt in three years than Bush did in eight, and yet people still want to claim, after four years of Obama, that our debt is Bush's fault for wars that the Democrats voted for, right along with the republicans.
Unemployment has actually gone back up to 7.9%, and yet this generation of younger voters are happy to be distracted with all the class/gender/race warfare that Obama told them they should be distracted by.
People talk about Obama and gay rights yet ignore the fact that he was pro-gay marriage in 2006 and then against it in 2008. What changed in those two years, exactly? And if he's SOOOOO evolved, why did he completely ignore the issue until 2012 when Biden embarrassed him into addressing it?
We now have school children more and more indoctrinated by our liberal public school system and liberal universities to the point that they literally ignore our failing economy and the hypocrisy of the liberals on so many other issues...and then...after they vote for the party that just keeps failing when it comes to our economy....they then whine about the economy.
Let me guess, in three more years when the economy still sucks, it will still be Bush's fault, right...even when Obama said at the beginning of his administration that he'd be a "one term proposition" if he couldn't fix it in three years? Even he said people would know better than to vote for a failure, but I guess even he underestimated how stupid our electorate is. Good thing for him.
http://www.liveleak.com/view?i=a71_1312580340
Cry me a river, you gave this blatant economic failure of a president another four years.
Because they are still use to everything being given to them versus working for it. My daughter's high school mock election/debate was heavily titled toward Obama(this is a re[ublican area). They tend to be liberal and wide eyed having no responsibilites etc. Wait ill they pay the bills. There minds change quickly.
"Because they are intelligent, informed voters?"
Ummm... no. Young people are the least informed and least literate of any demographic.
"Because they have compassion for fellow human beings?"
No. They are only thinking about themselves and how to get free goodies while someone else pays for it. Stop with the pretentious nonsense that young people are more altruistic in their motives. That has never been the case.
Because they believe in freedom & liberty?
Demands for others to pay for their services involve a loss of freedom and liberty for other people.
David: I'm sorry you have such a negative view of our young people. I work with college students & everything I said is true of the students I am privileged to work with. One student sends money home so "mama can pay bills"(minimum wage/part time) Another volunteers for the "Sisters of Charity" to support their hospice work. All are intelligent and hard workers. They seemed to be very clear on why they voted the way they did. My nieces and nephews are also wonderful human beings-very giving and caring............and they voted for Obama too!
I am 5 years above the cut-off for "millenials," but I can feel their pain. But let's review the facts - our economy is stuck. We had a president who does not understand how to steer the economy. We had a candidate who has run succesful businesses, who could have applied his skill set to at least try something other than repeating "tax the wealthy" over and over again. So what did the kids do? They broke for Obama by a large margin. Hey - you reap what you sow.
And yes, I understand that the president does not control the economy, but the most important aspect of the office is that he sets the tone in Washington. Telling the GOP to "get in the back of the bus," and telling hispanics that the GOP are "our enemy," and so on, do not cultivate fertile grounds for compromise. We have a fractious government, and the kids decided they wanted to vote for the "cool" guy rather than the (white) business man. So, enjoy your shrinking opportunities, kids! And remember - Government dependency is not liberty. Taking from someone (evil wealthy) and giving to others (good guy middle class) does not liberate - it enslaves all of us to the government. But, what do you expect when we have a population that can't understand the difference between income taxes and taxes on investments?
Exactly! I can't wait until they realize that Obamacare isn't getting free health insurance but someone putting a gun to the head of the lower middle class and forcing them to buy something they can't afford. It won't be pretty...
That's what you get when you vote with your lady parts, as Obama encouraged females to do. Enjoy your free contraception and your right to abort that baby you can't afford to feed.
jrsygrl you do not know what you are talking about.
Haven't eaten out for 2 years. Fast food, and alot of restaurant food is over priced slop. Throw in 10% tax....no thx. peace
The reality of the situation is this: my better half & I have always lived on a BUDGET. We buy most of our clothes at thrift stores. Have always bought 'used furniture'. The only car I 'bought new' was paid off years ago and now has over 100,000 miles. We rarely go out to eat and I pack a lunch for work every day. My favorite thing to do is read-the public library is the BEST deal in town. We paid off our credit cards years ago. I've lived my whole adult life like this. We recently were able to buy (with cash) our 'dream home'. It truly is about personal financial accountability & responsibility. (and that is true for every generation)
It reminds me of someone taking over a family business from a prior generation. They just think it's a big ATM machine and pull all sorts of cash out of it with zero thought to maintenance, planning for future, etc. Eventually reality sets in and the business folds. They had zero respect or appreciation for what the owner put into it in blood, sweat and tears.
...and yet we lavish hundreds of billions on seniors who are the wealthiest generation in history...meanwhile their own kids and grandkids struggle...shame on you
the greatest generation are also the greediest generation. always have been and always will be. seniors don't think about anyone but themselves.. lets get serious here
Seems to me, the seniors think more about everyone else than you think. In all of your comments, the only generation you care about ... IS YOURS.
Rick: "We lavish hundreds of billions on seniors" LMAO!!!!!! Good One!!!
Look at these snot-nose little punk posters like brendan4 and Rick546746 trashing the greatest generation...the men that fought in WW2 and the people in the country that sacrificed so much during those terrible years.
This is what you get with the "every child gets a trophy" generation. Not only do they think they're owed everything, they don't even appreciate the sacrifices and hardships the previous generations endured. Can you imagine little punks like this having to ration staples like bread and sugar during WW2? Could you even fathom them on Pearl Harbor the day it was bombed or storming the beaches of Normandy?
Pathetic.
@jax A. Must have been a very tough 4 years...?? my generation has been fighting a war for over 10...?? does fighting WW2 in someway entitle your generation to a blank check in terms of what you guys can spend or impose on others? is the war in afghanistan somehow less of a patriotic war than ww2? why do you think that you are better than my generation?
brendan, I don't know what's sadder, your pathetic sense of entitlement or your utter ignorance about history.
Please look up how many worldwide (let alone American) civilian and military casualties there were in WW2 and try to even compare them with Afghanistan. Go ahead, be disingenuous and ignorant and try to claim that because this Afghanistan fiasco's been going on for a longer period of time that it was even a fraction as horrific and devastating as WW2. "Your generation in Afghanistan?" Please...compare the number of young men drafted in WW2 and the number of volunteers going into the military these days and then get back to me.
I'm the youngest son of a WW2 veteran, so I'm not even part of that generation. The boomers, and to a lesser extent Gen X, are better than your generation because they know about work and actually appreciate what the previous generations endured when building this great country of ours. Your generation, as your laughable posts prove, believes previous generations owe them something and are actually blaming them for not just giving you absolutely everything....while completely NOT appreciating all the things the responsible previous generations accomplished.
Jax,
First off, No one owes me anything, nor do i have a sense of entitlement. the only way you could assume i am entitled is if you consider keeping what I make to be entitled. ( you would have to be both insane and a liberal to think that is entitled)
Now who ever said anything about casualty rates or drafts? the simple fact is that my generation has been at war longer than the previous 3 generations combined. Think about it this way - if you were born after 1990-91, you have never lived in an america not at war. Amazing right?
If you are saying that my generation does not know "work" i would have to agree, however, I personally work 68+ hours a week. I am paid commensurate with my time in at work.
I don't believe the previous generations owe anything to us. What i do believe is that the previous generations voted themselves more and more public benefits from our government without paying for them. Your generation and generations before that deferred the payment to future generations. That is nothing short of selfish. If you vote yourself the benefits, you damn well be ready to pay for them.
How about this to be fair - if you voted for social security and medicare we should start reducing benefits to current beneficaries now. Otherwise, my generation will have had hundreds of thousands of dollars taken from my pay with zero benefits being returned. If anyone other than government did that it would be known as theft.
Its a pretty insane you see things the way you do, but i can understand. You are part of the problem because you want to continue to take money from me to fund your lifestyle. Guess what? there is no free lunch
brendan...you're wrong yet again. It takes a lot of balls for a young punk like you to say "I want to continue taking from you to fund my lifestyle." My generation, my older brothers and sisters and my younger cousins and all the neices and nephews WORK for what we get. As will my kids when they're old enough to work. We've NEVER been on welfare of any kind.
I've worked all my life and am vehemently against generations of welfare and entitlements. Social Security is something you PAY INTO, it's not an entitlement. Generations of people on section 8 housing, welfare, food stamps, and now, cell phones...those are entitlements, and that's what all you geniuses who voted for Obama are perpetuating. The ever-growing entitlement voting base. Even if you personally don't take advantage of these things, you've voted for the party that keeps promising these things that are bankrupting our country (and your future, ironically) just to pander for more votes.
@Jax,
I am a libertarian, I voted for Gary Johnson. I didn't vote obama in 08 nor in '12. Voted ron paul in 08. So no way did i vote for any of this, infact, the complete opposite.
THat being said, i agree with most of your response, except as a young person i would like the ability to opt of of SS. thats all. stop taking my money today to fund your retirement.
sounds like we agree on alot actually, not sure how our discussion ended up being so heated
I've been watching with interest your debate about which generation had/has it toughest when it comes to war. Brendan, we have not been at war since 1990. I've been on active duty since 1989 and can pretty much refute that. Also, we were involved in Vietnam for longer than we've been fighting the war on terror, so that kind of doesn't fly either. Last, the biggest difference with the WWII generation and today's is that the entire country and every eligible man of fighting age was personally vested in WWII. Your generation can't say the same by a long shot.
That war ended 68 years ago, perhaps you mean Vietnam, the war you guys lost hardcore.
@philip,
90-91 was the gulf war. 92-94 was somalia. 95-00 was rather quiet. 2001 - current has been afghan/iraq.
so yes philip, whether indirectly or directly our government/military has been active in combat for over the last 20 years.
my generation has grown up knowing that the us is either attacking or under attack at all times from some outside "enemy".. and i put enemy in quotes because the united states enemy and my enemy are not one in the same.
my generation won't become involved in this war on terror because we see it as nothing but smoke and mirrors. ask the majority of people out on deployment, they don't even know what we are fighting for...
one thing i do know, it certainly isn't freedom..
Ok Brendan, we all get your point. Now get up, wipe your nose, back to work and PAY YOUR TAXES like we all did when we were your age!!!
:-)
Philip are you kidding the Afghanistan War has been longer than Vietnam. War on terror? There you go again. The war on terror is over officially according to the Pentagon. Terror is a tactic of war. Declaring war on terror is like declaring war on u boat attacks in ww1 and 2. Crazy!
U.S Soldiers are guarding Contractors working on mining operations and oil pipelines. Fact.
This is the kind of bickering that boggles me. First I can't tell if this article is intentionally trying to incite all those who have to work hard to get by or if it's just ignorantly laying out very obscure statistics. Second, for every argument about some spoiled kid having to give up some underappreciated privilege, there is an equal argument about the jobs lost by giving up that privilege. When I talk about being financially conservative, someone always complains about the job I'm taking away from someone else. People have got to understand, you're not going to change the state of the economy by targeting any industry within the economy. You have to look at the BIGGER picture. How many non-productive jobs have been fabricated, such as those getting rich off of just moving money around? How much is the country exporting versus importing?
I'm glad to hear the Millennial generation is being so frugal. That's a good thing! After all, I am spending their Inheritance...
Ruth's Chris - is my table ready yet?
sorry - Gotta run!
LOL creditbility for being honest :D
Oh no!! They might have to work for a living instead of being owed an inheritance!
Why won't all these greedy older people just GIVE them everything?!?!! These younger people are entitled, after all.
Jax we don't want to live in you're White Christian Regressive Oppressive Fantasy Utopia
They're worried now? Well, it will be at least four more years before things get any better. Prepare for more of the same and even worse yet to come.
Agree that the worst is yet to come. Obama will run again in 2016 with full support of the democratic party. The constitution is being shred as we speak and will continue. Hugo Chavez is one he admires and our country will eventually be run by dictator Obama. You young voters that were so struck by his charisma and voted for him deserve the destruction he will bring to you.
Obama can't run again in 2016. You vote?
Lol someone OD'd on Fox news.
Jim you are on crank to believe that. Stop using ice dude!!!
Money is truly the root of all evil, pitting child against parent, generations against each other, this makes me sick. Im a late Baby Boomer born in 58 and have worked for 90c, 1.10 and now $50. I put myself through school put my children through school took care of my ailing parent and did so with appreciation for everything I had. I dont have a defined benefit plan like my parents before me and I have had to pay from my pay what will be my retirement along with SS and have worked hard to save. Eating out was allways a special treat but eating at home as a family was allways better. Gen X, and others stop whining each generation before you some had it hard and some easier. Everyone will sacrifice for where the economy is. CUts in benefits, inflation etc etc. Beleive it or not there is only one person who can make a diffrence in your life and that is you.
Money is merely a way of transferring work from one person to another. This generation wants all the perks of the prior, but simply doesn't want to work as hard to get it. Money certainly isn't evil...some people that use it are...
Millennial? Why don't they just say "people between 18 & 34"? Who in the name of "all that is right and just" know what that word means? Who makes up this crap? Maybe I am too old, but you certainly do not eat out 4-5 times per week and end up with a decent retirement. I guess the parents did that and so the "millennials"believe that this is "normal" life. Did any one of them ever respect how people lived in the past(WW2 fighters, Auschwitz, Poles digging potatoes to survive, etc.). Naw - they complain that they cannot go out and eat and spend. I have no sympatico.
If they are so worried then why did they dispense with any sense of reason and sanity and vote for four more years of the same?
First obama instigated racial strife
Then class warfare
Now he wants to blame the elderly
Tell you what kiddies, keep using SNL , John Stewart, and the clowns on MSNBC as your information source and you will continue to be ignorant. You had an opportunity to take a stand and restore America but you were too worried about being labeled racist.
Anything is better than having you folks poking around our wombs, getting us into wars that take our lives and steal our national treasure, passing 47 bills banning abortion while passing not one bill to create jobs, etc. There is a reason, actually many reasons, that we voted for Obama and not for Republicans. Why don't Teabaggers and Conservatives accept responsibility? Why are you always trying to blame Blacks or Latinos or the young or women? You people have dead brains.
Your ridiculous post just proved my point. Thank you! All emotion and ignorance, the sign of a mind incapable of critical reasoning. No point in debating with you, you lack the essential tools for conversation, an open mind and facts. You listened to the lies and avoided the real issues. The issue was never about blacks, latinos, or women. In fact, you voted against them when you chanted a populist mantra. You believed everything the controlled media told you. Now reap it. Reap it big time!!!!!
Don't feel too bad. I once voted for Jimmy Carter.. once.
This post alone shows true lack of knowledge. You women are so worried about whether or not you can abort your most recent 'mistake'. Please, Roe vs Wade cannot , I repeat CANNOT be overturned by a sitting president. Don't you think Reagan or Bush would have done so had this been possible? Did you even see the Latino's immediate response to Obama being re-elected? Allow me to educate you... Wednesday morning headlines "we got you re-elected, now give us what we want." Sure, by all means, lets give them all amnesty and sink our economy even more. Wake up... Eventually it will all run out, you won't get your free phones, food stamps and welfare checks anymore then you'll be screwed.
As for wars, yes... Even as a Republican I can admit Bush made one mistake, he should not have gone after Hussien. The other, hello!!! There would have been anarchy had we not gone after the bastards who attacked our towers and killed thousands of ppl. News flash, freedom comes at a price. Wake up... Go outside of msnbcnews if you want to see how the world is right ow, Isreal firing into Syria, Iran showing serious movement and doing drills.
And please little girl... Don't blame the gender card with me... I'm a woman and successful. I also happen to be completely disgusted with the socalled females in this country who have decided that abortion or whether or not Jackie and Jill can get married is more important than jobs, wages and our standing as a true superpower in the world. Keep going, we will all be standing in bread lines in no time.
Exactly!
@/lesigh...well said!!
LOL coming from someone who watches Fox News ahahahahahahahahahahahahahhahahahahahahahahaha LOL
Navy you are obviously a complete buffoon. Do some pushups!
student loans student loans student loans. fix the system for paying for higher education so that we can go to school to and be attractive to potential employers, and then we can get well paying jobs and spend on @!$%# for the good of the economy.
Get out..get a job, three if you have to...pay for you own education......no one owes you anything..if you want it, go out and get it or move aside.
How many jobs pay enough someone can spend $15,000 a year towards school out of their own pocket?
You guys (and mustached older women who look like guys) are so damn out of touch it is sickening.
The world needs ditch diggers too. If you cant figure out how to make it work school is not for you. My mother it took her 15 years to get 3 masters. Get use to it your parents and teachers lied life is not fair and it is time to grow up.
Hey Mauroneeen hahaha Tell that to the Chinese and India who are outpacing us on education. That bootstrap mindset ain't gonna cut it in the 21 century of globalization!!!! Wake up!!!!
Show me where there is a ditch digging job that provides stable income for a few decades and pays enough someone can sock away a good chunk for retirement? The whole purpose of higher education is to reach those more stable jobs, jobs @!$%#s like Romney kept on moving the goalposts on farther and farther away. Guys like you cheered, little realizing we are on the same team. Now we're down a dozen points and the plutocrats are running out the clock.
If they cant figure out how to get that education on their own they wont be saving money for retirement and the savings rate will continue at -.1%
Economy stinks for many, but it's crushing millennials
And yet they give him another 4 years......... common sense is not a learned trait...........
I am part of Generation X, and I voted for Obama and would again. I do not support a candidate (Romney) that believes in legitimate rape.
Romney didn't make the stupid legimate rape remark. I guess your God Obama told you that, so you lemmings believed it and voted for him.
Romney was elected Governor of Massachusetts, one of the most liberal states in the nation.
And after his horrid record and hundreds of overturned vetos he is now out on his ass. He lost MA by 20%. Mitt was not a good candidate, please do try again in 4 years and this time maybe put some thought into it.
I guess what he should have done is promise everything under the sun for free..then not deliver.............worked for your guy!
Yes maybe he could have actually had a plan, released his tax returns like every other candidate before him did, he could have actually tried to see things from the commoners views instead of deigning to come down to our level. Everything about the guy is sleazy and manipulative. You could tell from every picture and every public meeting that he despises the regular folks and he personally laid off thousands of them. This guy doesn't know what a normal day in the life of a normal American is, and he never will. He made at least a quarter billion dollars by piling companies with debt, offshoring jobs, avoiding taxes, and front loading his retirement funds in ways you or I would get carted off to jail if we tried.
The guy was never presidential material and I truly do feel sorry for those of you so blinded by religion and party loyalty to see what was so clear to the rest of the world.
Jesus spent his life among the poor and the sick, he did not condemn people but instead tried to love them no matter what their choices were and to understand where they were coming from. Jesus has no place in the modern day conservative movement, repent your sins and come back to his true message - feeding the poor, helping those who need it, and responsibly shaping national government where it will do the most good for the most people for the most time instead of adding 2 trillion to wars and oppressing people.
He did John only release two years and did not include his wife.
That is the way of politicians it goes further than Kennedy using the IRS as a attack dog or when Kennedy used secret recorders and phone taps on the republicans it goes back for the life of the country.
No one in DC does. Obama has no clue how real people live how little they pay in taxes. He need to let all the bush tax cuts expire his democrats friends have proven a 1000 times over they have done nothing to create jobs.
Maybe you forgot when he tried to and republicans held unemployment and social security payments hostage for months to extend the tax breaks for the rich.
Hey LB Romney lost Mass in a double land slide last Tuesday. Bush did better with Mormon voters than Romney. Romney even lost Michigan in a landslide. Wow. Wake up and smell the coffee dude!!!
This news made my day! Obama-voting, Scion-driving spoiled brats have to make due with less.
Maybe next time around, after hitting rock bottom, they'll vote smarter.
Maybe next time, the GOP would choose a better candidate than some flip flopper who lied faster than the Kochs brothers could write him a check.
Yo are the one that cut his throat voting for obama and you still blame Romney? What a joke. BTW obama is 55? Does that mean you will not vote for him in 2016 because of his age.
time is right. Instead of voting for a flip-flopper, make sure to vote for a man with no record at all, like Obama the first thime. Then, when he runs for re-election, pile on the other guy, and make sure you pick him apart on every detail, while the guy with no plan gets in unscathed. It's good!
Let's see, Obama was for gay marriage in 2006, against it in 2008, and magically for it again in 2012.
Obama said he'd close Gitmo, yup, still open.
Obama said he'd let the Patriot Act expire, yup, signed its extension in 2009.
Obama said he'd let Bush's tax cuts expire, yup, extended them.
Obama said raising the debt ceiling was a sign of bad leadership in 2006, and voila! Raised it multiple times.
Obama said he'd put on "a pair of comfortable shoes" and march with labor...and was nowhere to be found in Wisconsin.
...what were you saying about flip-flopping, again?
Brilliant...re-elect a guy with no real world experience, no plan, and with unemployment going back UP, our debt spiraling out of control because "the other guy" is the flip-flopper.
He can't even run again - Jesus where do these people come from?
"He can't even run again".......the only positive thing to come out of 8 years....
Beats the -500,000 jobs a month and stock market cut in half we got under that fine republican leadership.
Like how you voted in 2000 and 2004 which got us here
Yes all of it was Bush.
And Jimmy carter Himself rubbed the Unicorn and created the Greatest economy the WOLD have ever seen in the history of man kind and Reagen destroyed it in two weeks Jimmy carter created over 10 million jobs in 4 years more jobs than any other 4 years save during the wW2. I don't know why he was voted out I bet the streets was about to be paved in gold it must have been a awesome thing to see no hungry person was out their all the homeless was feed and was getting a job. Then Clinton came in waved the magic want and poof 20 million jobs and every person had a job no one was poor and every one had over 1 million saved
Navy once again you Are Wrong. But whats new. The 44th President of the United States of America Barack Obama is 51 years old. Not 55.
A lot of it was, pretending otherwise is simply delusional.
The rest you can maybe blame on Obama, but with 50 years worth of republican filibusters during his first term that is a bit disingenous as well.
Fedex Receives Huge Government Contracts
Google: Fedex-Change.org -- and help Women and other Minority groups reach equality in the workplace
They are still trying to achieve it in the White House. Women in the obama administration make 18 percent less than their male counterparts. How's that for equality.
navyvet,
The champion of women pays them less and won't let the on the basketball court where he discusses policy. The champion of the poor allows his illegal aunt to live in poverty in a taxpayer subsidized apartment. The champion of public education sends his girls to a private school. The man who cares so much jets off to Vegas after our ambassador is murdered.
And they waited in line for hours to give this man 4 more years. Their children (if they can afford to have them) will blame them. Maybe if they tell them how important it was to have a cool guy in the White House, they'll be forgiven. But probably not.
so what are you going to do about it? not a goddamn thing.... at least youngsters have a bit going for them: time... that's one thing them baby boomers won't have much left and soon their grip on the wealth they kept away from others will come undone. let this be also a warning for today's youth, how you would go about your life so that younger generations are there to respect you and provide for you in the future so you won't have the fate of these baby boomers that kept everything for themselves and everyone else be damned.
cheerios
ps: mitt is lost for the young voters also because he represents the generation who took it all for themselves and built nothing for the next generation. next time around repubs better have some candidates in their 40s instead in the 60s if they want to ever have a chance.
Kept what? What they earned? What has or will your generation ever accomplish but b!tch and whine? Go back to your video games. You r Mom said your turkey pot pie is ready.
Pretty bitter....I guess I am suppose to feel guilty about choosing a major in college which resulted in a marketable degree and was able to work for a company that rewards hard work in sacrifice. One of son's friends is majoring in "peace studies". Yea, thats really going to work out good for him. $90,000 in school loans and no job. My overall impression of this generation is they are clueless. Maybe that is what Obama wants: a voting block that will become totally dependent upon the government for everyting. Better learn to speak Greek.
Um... the eating out statistic is just an indicator showing that millenials are having a tough time and are changing their habits as a result. The article mentioned many other stats showing 18-34 year olds are putting off big life decisions/changes (homeowership, marriage, etc). Did you "haters" see those?
Don't you see that the eating out stat was just put there to inflame people who can't bother to read the rest of the article and want to feel self important? Ala "I don't feel sorry for those pesky kids, I don't go out that much, serves them right, back in my day..."
Reading and comprehension people. Reading and comprehension.
Afraid 4 our future- I am not a "hater". Wow - you put off life decisions. Not putting off life decisions is what got the housing market in trouble. You still have nothing except an egocentric mindset and do not realize what others went through to make your life easy. My argument is not really with you because you do not know any different. Your parents had the mindset "let's make it easy for the kids". You come from an era that has no clue what the real world is about. Nowhere did you state anything about how people worked in the past to get somewhere- just more complaints about what you are entitled to and you say "Reading and comprehension people" twice. That is called ego. Too bad you don't care about "back in my day" statements- you may learn something.
Very nice comment - Thank you. Your experience means to me that you were focused on what you needed to do in life. I was in the USMC - no big deal, but the millennials do not have the fortitude to do what you have done. 2-3 jobs was never uncommon for me. The new folks would not do this for many reasons. And - to be short, as Madelaine Stow said to Daniel Day Lewis in the "Last of the Mohicans"..... "Your words are stirring to my blood". Case closed
I've got a good job and savings and I eat out about 100 times a years, sometimes less. How do you think I managed to put money in savings? Hint, not by spending it...
Bingo! If you are a "millennial" - there are few like you. Maybe soon you will move to the next level grasshopper!
Mike-L.. couldnt agree more. I am 23, work for a large corporate, got a degree in Mass Communications and Business (both were a huge asset in obtaining the job I have now) Also, i started to work when I was 16, rather than participating in Debate, or any other extra activities at school. This helped my resume grow and helped me become a more viable candidate for corporations when I graduated and applied. Oh, and i also went to school full time-year round and worked full time, and graduated with a 4 year degree by the time i was 20, I believe hard work can get you far.
You get out what you put in. My fiance and I make our own lunches based off the left overs from dinner the night before, and hardly eat out.
less eating out = more $$? crazy..
Large Corporation*