Could it be Boomers experienced only the easily secured credit at lower interest rates than their parent’s generation? You’ll probably also discover a lot higher percentages of blended families and/or single parent homes and also more homes where both parents worked jobs.Josh wrote:Boomers are unique in being one of the first generations in America to leave their offspring and grandchildren poorer and worse off than themselves whilst simultaneously criticising their progeny profusely.
It’s really quite something. They should stop and pause and ask themselves who, exactly, raised their children and who shaped the culture they grew up in.
Millennials
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DrWojo
Re: Millenials
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temporal1
Re: Millenials
Just for the fun of it ..temporal1 wrote:Biblical Age Of Accountability Raised To 30 For Millennials
https://babylonbee.com/news/biblical-ag ... illennials
GRAND RAPIDS, MI—A national task force of Bible scholars has voted to raise the biblical age of accountability to 30 for late-blooming millennials. According to this decision, millennials who die before age 30 will receive automatic entry into the kingdom of heaven along with complimentary participation trophies.
Focus on the Family founder James Dobson wrote the majority decision for the task force, explaining that it was “no longer practical to assume that the traditional age of accountability—usually around 12 years old—would be the age by which God held millennials responsible for their eternal destiny.”
“Case studies revealed chronic immaturity, lack of rational decision-making skills, embrace of socialism revealing serious mental abnormalities, and a strong desire to spend each pay check on craft beer, artisan coffee beverages, and slouchy beanies,” Dobson added.
The decision was praised by millennials worldwide, who said “Since our circumstances are not our own fault at all, we totally deserve this decision, obviously.”
i’d like to speculate, Babylon Bee is probably largely “a work” of Millenials ..
and, quite enjoyable, at that.
the ability to laugh at oneself is an invaluable life skill.
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Hats Off
Re: Millenials
I think I am a boomer. I remember interest rates of 18 to 29% - do you? My first mortgage was at 12%. When I was in my early thirties, I tried selling my small property for $125,000. I finally did, but had to take back a second mortgage. The buyer defaulted and the bank foreclosed. The new buyer had the property for several years and resold it for double what i was trying to get for it. I continued making payments on that mortgage for years after I no longer had the property. At 40, I was ready to start from scratch again.Josh wrote:Boomers are unique in being one of the first generations in America to leave their offspring and grandchildren poorer and worse off than themselves whilst simultaneously criticising their progeny profusely.
It’s really quite something. They should stop and pause and ask themselves who, exactly, raised their children and who shaped the culture they grew up in.
I really think you are over-generalizing here. It was the generation before ours who were able to pay off their farms in 5 to 10 years. I don't criticize my progeny at all. They have to work just as hard as I did. I think they are all better off financially than we are.
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temporal1
Re: Millenials
my father described how those first families where wives began working outside the home, those families actually experienced a real net increase in household income. BUT, soon following, the cost of living adjusted so that 2 incomes became the norm, the benefit was lost.Hats Off wrote:I think I am a boomer. I remember interest rates of 18 to 29% - do you? My first mortgage was at 12%. When I was in my early thirties, I tried selling my small property for $125,000. I finally did, but had to take back a second mortgage. The buyer defaulted and the bank foreclosed. The new buyer had the property for several years and resold it for double what i was trying to get for it. I continued making payments on that mortgage for years after I no longer had the property. At 40, I was ready to start from scratch again.Josh wrote:Boomers are unique in being one of the first generations in America to leave their offspring and grandchildren poorer and worse off than themselves whilst simultaneously criticising their progeny profusely.
It’s really quite something. They should stop and pause and ask themselves who, exactly, raised their children and who shaped the culture they grew up in.
I really think you are over-generalizing here. It was the generation before ours who were able to pay off their farms in 5 to 10 years. I don't criticize my progeny at all. They have to work just as hard as I did. I think they are all better off financially than we are.
my mother stayed home, it was very important to both of them. i was able to stay home for the most part, the cost of child care, and the cost of working outside the home, both served to justify me doing that, and i was grateful for it. i often cared for others’ children with ours, and i did some other things, like typing for university students, to earn a bit in the home. we managed.
i loathe talk of free/cheap childcare. i fear this will pressure even more young mothers to leave their precious families, i might have succombed if it had been available. i feel it’s a trap that will further harm families, and, in the end, will not even improve household net income.
the period of double-digit mortgage interest rates, with NO fixed loans available, was HORRIBLE.
we were told by “the best” economists we would “never” see single digit interest rates again.
BLEAK TIMES.
all part of why i try not to take academic prosephies too seriously.
there’s too much they do not know.
i empathize and pray for today’s young people and their families.
life can be tough.
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Josh
Re: Millenials
Boomers are really the first generation that embraced no fault divorce and promiscuity, fornication, adultery, and recreational drug use on a mass scale. They put their own “happiness” and fulfilment ahead of their children.
Millennials are generally the product of broken homes, either their own parents, their grandparents, or both. Then their ancestors criticise and mock them for not being more stable, responsible, and so forth.
Millennials are generally the product of broken homes, either their own parents, their grandparents, or both. Then their ancestors criticise and mock them for not being more stable, responsible, and so forth.
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MaxPC
Re: Millenials
To a point I would agree that it was the first American generation to do this: economic prosperity has a way of creating boredom.Josh wrote:Boomers are really the first generation that embraced no fault divorce and promiscuity, fornication, adultery, and recreational drug use on a mass scale. They put their own “happiness” and fulfilment ahead of their children.
Millennials are generally the product of broken homes, either their own parents, their grandparents, or both. Then their ancestors criticise and mock them for not being more stable, responsible, and so forth.
In the history of the world though I think Babylon and the Roman Empire did it first, perhaps others.
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temporal1
Re: Millenials
the advent of free+cheap birth control pills for everyone everywhere has left a mark.Josh wrote:Boomers are really the first generation that embraced no fault divorce and promiscuity, fornication, adultery, and recreational drug use on a mass scale. They put their own “happiness” and fulfilment ahead of their children.
Millennials are generally the product of broken homes, either their own parents, their grandparents, or both. Then their ancestors criticise and mock them for not being more stable, responsible, and so forth.
i’m not convinced any generation in history, including Babylon, would have responded better.
these things were introduced as for the “good,” people were ignorant.
IF those early people had foreseen how these pills and devices would be made openly available to
the unmarried, to teens, to children, i honestly believe those early people were strong-enough they would have BANNED the things out of existence. these things were TABOO.
it wasn’t black and white like that.
creeping incrementalism, relativism, scientism, were all yet to follow.
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Josh
Re: Millennials
These things were indeed banned by every significant group of Christians in the 19th and 20th century. The Episcopalians/Anglicans were the first to permit them, in 1926. (They are one of the most notorious formerly Christian sects nowadays in terms of rampant promotion of homosexuality.)
Bit by bit, church discipline erode, Christianity lost its moral leadership of the culture, and secularism promised all the answers. Turns out that the wages of sin really are death, though. And the meek probably will indeed inherit the earth. The fastest populating group around where I live are the most conservative Amish. The most liberal Mennonite groups are going extinct.
Bit by bit, church discipline erode, Christianity lost its moral leadership of the culture, and secularism promised all the answers. Turns out that the wages of sin really are death, though. And the meek probably will indeed inherit the earth. The fastest populating group around where I live are the most conservative Amish. The most liberal Mennonite groups are going extinct.
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