Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Business Insider)   Gen X has suffered most from global recession, boy bands   ( businessinsider.com) divider line
    More: Interesting, Gen X, global recession, Your Money, Active Users, NYSE Composite, Business Insider  
•       •       •

1582 clicks; posted to Business » on 25 Jun 2012 at 10:04 AM (5 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



58 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest


Oldest | « | 1 | 2 | » | Newest | Show all

 
2012-06-25 09:38:36 AM  
i.imgur.com

Unavailable for comment.
 
2012-06-25 09:38:47 AM  
Feeling bad for Baby Boomer because of this economy is like feeling bad for a drunk who starts a fight in a bar. You can't feel bad for the generation that caused it.
 
2012-06-25 09:49:32 AM  

WTF Indeed: Feeling bad for Baby Boomer because of this economy is like feeling bad for a drunk who starts a fight in a bar. You can't feel bad for the generation that caused it.


Wha? Gen X is not part of the baby boom. GenX is the Michael to the Baby Boomers Gob and Lindsay.
 
2012-06-25 09:53:58 AM  

NuttierThanEver: Wha? Gen X is not part of the baby boom. GenX is the Michael to the Baby Boomers Gob and Lindsay.


Sorry, I read the first line and laughed and forgot to quote tfa:

Though everyone seems to be feeling sorry for millennials, who are experiencing one of the highest unemployment rates and boomers, who are delaying their retirement due to the economy
 
2012-06-25 10:07:49 AM  
Oh look, it's this thread again.....

get a job.
 
2012-06-25 10:12:24 AM  

Lt. Cheese Weasel: Oh look, it's this thread again.....

get a job.


the job creators (peace be upon them) have had their tax cut for more than a decade now. When are they scheduled to start putting all these free jobs on the shelves of the free job store?
 
2012-06-25 10:13:44 AM  

WTF Indeed: NuttierThanEver: Wha? Gen X is not part of the baby boom. GenX is the Michael to the Baby Boomers Gob and Lindsay.

Sorry, I read the first line and laughed and forgot to quote tfa:

Though everyone seems to be feeling sorry for millennials, who are experiencing one of the highest unemployment rates and boomers, who are delaying their retirement due to the economy their lazy gen-x/gen-y/millenial kids who won't get a job and move out because jobs won't let you facebook all day


The boomers big mistake was raising lazy, entitlement-happy whiny gen-x/gen-y/millenial kids
 
2012-06-25 10:21:04 AM  
We'll always have Chrono Trigger.
 
2012-06-25 10:25:48 AM  
Fortunately, a lifetime of apathy and disillusionment has prepared us for this crisis. Gen-Xers from all across the nation will band together to utter a collective sigh and share sarcastic comments.
 
2012-06-25 10:29:53 AM  

imontheinternet: Gen-Xers from all across the nation will band together to utter a collective sigh and share sarcastic comments.


We're the Neutral People?
 
2012-06-25 10:34:11 AM  

dragonchild: We'll always have Chrono Trigger.


No you won't. SNES belongs to Gen Y dammit!
 
2012-06-25 10:36:56 AM  

dragonchild: imontheinternet: Gen-Xers from all across the nation will band together to utter a collective sigh and share sarcastic comments.

We're the Neutral People?


I'm not taking a stance on the accuracy of that analogy one way or the other.
 
2012-06-25 10:38:46 AM  
According to a lot of business magazines, the best businesses to run are all specialized service-industry types for Boomers and Gen-Xers who work ungodly hours to make up for the fact that everyone in their company got downsized. So get your dog walking shoes on to supplement your etsy crap-strung-on-string custom jewelry store and bootstrap your way to victory.
 
2012-06-25 10:41:24 AM  
Those comments are pretty comical.
 
2012-06-25 10:54:45 AM  

funk_soul_bubby: Those comments are pretty comical.


Yup. They're also f*cked up, tribal, overly generalized, full of blame and full of people taking credit for the work of others who happen to be in their particular generation. They remind me of some other site on the interwebs......
 
2012-06-25 11:04:23 AM  
WTF Indeed: NuttierThanEver: Wha? Gen X is not part of the baby boom. GenX is the Michael to the Baby Boomers Gob and Lindsay.

Sorry, I read the first line and laughed and forgot to quote tfa:

Though everyone seems to be feeling sorry for millennials, who are experiencing one of the highest unemployment rates and boomers, who are delaying their retirement due to the economy


Look on the bright side. One we finally get the Great Second Depression they caused, and their overweight, failing-health asses die off, there's going to be a huge need for replacement labor. Then maybe the millennias will get work.
 
2012-06-25 11:07:07 AM  

rtaylor92: Lt. Cheese Weasel: Oh look, it's this thread again.....

get a job.

the job creators (peace be upon them) have had their tax cut for more than a decade now. When are they scheduled to start putting all these free jobs on the shelves of the free job store?


Obviously Bart Taxbama is holding them back... somehow.
 
2012-06-25 11:07:13 AM  
Funny. I once saw a woman at work listening Kurt Cobain on her ipod, in 2012. Let's just say that grunge music did not age well. Well, I like Nirvana, however, it was the woman's presumably past drug use that wrinkled way too soon.
 
2012-06-25 11:07:19 AM  

TyrantII: Look on the bright side. One we finally get the Great Second Depression they caused, and their overweight, failing-health asses die off, there's going to be a huge need for replacement labor. Then maybe the millennias will get work.


The problem is that by then the damage will have been done. What good is an entry-level job in your 30s?
 
2012-06-25 11:09:59 AM  

imontheinternet: Fortunately, a lifetime of apathy and disillusionment has prepared us for this crisis. Gen-Xers from all across the nation will band together to utter a collective sigh and share sarcastic comments.


Meh. This.

Or whatever.
 
2012-06-25 11:12:20 AM  
 
2012-06-25 11:13:30 AM  
On the bright side, Gen X is small so I'm counting on a surplus of Florida homes at good prices once the Boomers really start dying off. Then I'll put my plan in motion to seize control of a condo board presidency via a bloodless coup. Soon, I'll be the once making and enforcing meaningless, arbitrary rules! MWHA HA HA!
 
2012-06-25 11:14:18 AM  
"but they're also a generation that has tried to do everything right financially. Most worked at a stable job for years, built a comfortable savings, and likely just bought their first home at the market's peak. Then when everything came crashing down, they were stuck with an underwater mortgage, young kids in the house, possibly a job loss"

This is 100% me. Lost job and no steady work for 3 years after buying a house (now underwater), getting married and having a baby. If it wasn't for my savings (now greatly reduced), I'd have lost everything. Not complaining, it was just how it went.

Now back to work and happy to be so.
 
2012-06-25 11:15:12 AM  
Generation X and Y

Get off your high horse and get a job already, live frugally, live with your parents if you have to, don't worry about keeping up with the Jone's because they are getting their house forclosed on anyways. Do something, save money, work two or three jobs if you have to. Don't waste money on "advanced degrees" they aint worth crap anymore anyways. Keep your bills paid and don't into debt, any debt for any silly reason. Save enough money to buy a duplex, outright, rent it out OR start a part time business. Grow either one until you can tell your boss(es) to go shove it.

Stop sitting around expecting someone to give you a 100K a year job, a free house and car, it aint gonna happen lazy a$$

/A member of Generation Y, owns my own business, does very well
 
2012-06-25 11:18:43 AM  

TyrantII: One we finally get the Great Second Depression they caused, and their overweight, failing-health asses die off, there's going to be a huge need for replacement labor.


Myth. Automation has killed more jobs than even outsourcing.

Automation by itself is not a bad thing, but it has led to a decline in the need for labor. This should be a good thing, but it's a problem because our socio-economic landscape is changing faster than our culture (and, consequently, the policies we enact). The economy sort of compensated by shifting to services but in the last recession -- for the first time in the modern Industrial era -- the services sector lost more jobs than industry. So even as we emphasize education, the rug's being pulled out of the "degree = job" promise.

The problem is that we have this ownership class that, despite sitting on top of a social infrastructure founded in free-market economics and representative democracy, have essentially the role and sense of entitlement as the bourgeoisie. They're out of touch, useless, own most of everything AND keep a lot of ideologies in place that were meant to screw us over to begin with but now they're dangerously outdated. For example, America is the one developed nation that's in a hurry to increase its population. The purpose of this is to dilute the labor force, but there was a bit of a benefit over the last century. See, an expanding population can sustain entitlement programs like Social Security, so there's a payoff -- as long as there were enough jobs to go around. Now we're making babies and bringing in immigrants we don't even need. Automation has given us enough productivity that we can probably do without 1/4 of our labor force, but feeding people who don't work costs money to those who have it. Do you think it's a coincidence that America is getting hit with an overwhelmingly aggressive "bootstrappiness" movement right when we have a high unemployment rate?
 
2012-06-25 11:18:49 AM  
Weird. Most of the X'ers I know (people in their 40s now) were not that banged up by the recession. I guess that comes with being smarter about career choices since the beginning. Or knowing not to depend on large institutions when possible.

This article seems to apply boomerish values, almost every key point it makes was something I myself did not do. but thats kind of how its always been, mass demographical writing has always tried to hit gen x as a monolithic group, and its almost always failed in doing so.

Most of my peer group did fine in the recession, continues to do so. Perhaps thats just an anomaly of being in a good job market, but on the other hand there's a reason a lot of us are IN this good job market -- we knew enough to keep mobile and settle someplace that did not suck.
 
2012-06-25 11:32:12 AM  
I have trouble feeling sorry for people with kids, as kids are completely optional.
 
2012-06-25 11:36:17 AM  

Generation_D: Most of the X'ers I know (people in their 40s now) were not that banged up by the recession. I guess that comes with being smarter about career choices since the beginning. Or knowing not to depend on large institutions when possible.


I'm 42 - my parents drilled it into my head early that debt needs to be avoided; that I needed to put 10% of each cheque I've received since age 15 into savings; I've worked & paid my way through school, and was able to get a house for 115K in 2001. That same house would have cost me over 300K 4 years later. I've been met with modest success through equal parts luck, timing and work ethic.
 
2012-06-25 11:51:02 AM  

Girion47: I have trouble feeling sorry for people with kids, as kids are completely optional.


True - but, it kind of keeps civilization going.

as someone in their late 30's - I think the best thing that could happen is ending social security now - sure I lose a ton of money (which I doubt I will see anyway) - but it is time to cut this as it is a drain - Boomers, consider it your debt to society. The rest of us, it is an instant pay raise.

/normally never against cuts to social services with merit.
 
2012-06-25 11:57:44 AM  

p the boiler: Girion47: I have trouble feeling sorry for people with kids, as kids are completely optional.

True - but, it kind of keeps civilization going.

as someone in their late 30's - I think the best thing that could happen is ending social security now - sure I lose a ton of money (which I doubt I will see anyway) - but it is time to cut this as it is a drain - Boomers, consider it your debt to society. The rest of us, it is an instant pay raise.

/normally never against cuts to social services with merit.


I totally agree with this. I'd gladly give up all money paid into social security right now if I could redirect it to my 403(b).
 
2012-06-25 12:03:35 PM  
Gee, I wonder why we are politically apathetic? Could it have anything to due with growing up thinking Ronald Reagan was the savior of the US and we would all be rich because of his trickle down economic theories, only to find out later on that that's all bullshiat?

One of the harsh realities faced by many in my age group (40-44) is that just when we had things going nicely, the whole system fell apart. It's a pretty harsh reality to lose 30% of your income and 25% of your equity almost overnight, and then realize that you will likely have to work forever.

I'm telling you, I could have lived in 1999 pretty much forever.
 
2012-06-25 12:16:15 PM  

majestic: Gee, I wonder why we are politically apathetic? Could it have anything to due with growing up thinking Ronald Reagan was the savior of the US and we would all be rich because of his trickle down economic theories, only to find out later on that that's all bullshiat?

One of the harsh realities faced by many in my age group (40-44) is that just when we had things going nicely, the whole system fell apart. It's a pretty harsh reality to lose 30% of your income and 25% of your equity almost overnight, and then realize that you will likely have to work forever.

I'm telling you, I could have lived in 1999 pretty much forever.


Every generation has experienced some sort of boom-bust cycle, some are just longer and deeper than others

Boomers just got greedy, instead of downsizing, they bought larger homes, vacation homes and time shares, multiple cars, to keep all of this they need keep working so they don't retire. Cause Social Security and their pensions won't cover the expenses of all of that stuff.

So instead of telling these companies to go "f" themselves, generation x and y will be paying the bills on the bailouts so the boomers can keep their toys and cushy jobs.
 
2012-06-25 12:28:34 PM  

dantheman195: Generation X and Y

Get off your high horse and get a job already, live frugally, live with your parents if you have to, don't worry about keeping up with the Jone's because they are getting their house forclosed on anyways. Do something, save money, work two or three jobs if you have to. Don't waste money on "advanced degrees" they aint worth crap anymore anyways. Keep your bills paid and don't into debt, any debt for any silly reason. Save enough money to buy a duplex, outright, rent it out OR start a part time business. Grow either one until you can tell your boss(es) to go shove it.

Stop sitting around expecting someone to give you a 100K a year job, a free house and car, it aint gonna happen lazy a$$

/A member of Generation Y, owns my own business, does very well


It sounds to me like you're either a moron or you hang out with morons. Jobs that pay a living wage are hard to come by, and not everyone can own a business. Attempting to start a business when you're already financially insecure is a good way to end up homeless. But hey, I'm sure being born on third base and hitting a triple are exactly the same thing, right? Honestly though, you have to be pretty farking ignorant to think people are out of work because they're lazy and entitled when unemployment has been this high for this long. And Im sure if the shiat ever hits the fan for you financially you'll be out there begging for a handout, totally convinced that it isn't your fault (which may very well be true) and blissfully unaware of your hypocrisy.
 
2012-06-25 12:28:54 PM  
majestic

I'm telling you, I could have lived in 1999 pretty much forever.

too bad that Prince is a jebus freak who middle age has farked with his brain matter by disallowing his vids on youtube and doing other bizarre shiat.

Knock yourself out, dawg!
 
2012-06-25 12:35:57 PM  

Dialectic: Funny. I once saw a woman at work listening Kurt Cobain on her ipod, in 2012. Let's just say that grunge music did not age well. Well, I like Nirvana, however, it was the woman's presumably past drug use that wrinkled way too soon.


How do you watch her music on an iPod?
 
2012-06-25 12:51:39 PM  

dantheman195: So instead of telling these companies to go "f" themselves, generation x and y will be paying the bills on the bailouts so the boomers can keep their toys, pension plans, health insurance, and cushy jobs.


FTFY
 
2012-06-25 12:54:32 PM  
IrateShadow: TyrantII: Look on the bright side. One we finally get the Great Second Depression they caused, and their overweight, failing-health asses die off, there's going to be a huge need for replacement labor. Then maybe the millennias will get work.

The problem is that by then the damage will have been done. What good is an entry-level job in your 30s?


Everyone else has one?
 
2012-06-25 01:01:31 PM  
dantheman195: Generation X and Y

Get off your high horse and get a job already, live frugally, live with your parents if you have to, don't worry about keeping up with the Jone's because they are getting their house forclosed on anyways. Do something, save money, work two or three jobs if you have to. Don't waste money on "advanced degrees" they aint worth crap anymore anyways. Keep your bills paid and don't into debt, any debt for any silly reason. Save enough money to buy a duplex, outright, rent it out OR start a part time business. Grow either one until you can tell your boss(es) to go shove it.

Stop sitting around expecting someone to give you a 100K a year job, a free house and car, it aint gonna happen lazy a$$

/A member of Generation Y, owns my own business, does very well


There's 1 job for every 8 people currently. Not everyone can be an entrepreneur, nor should they, since it be disastrous for the economy.

Most of the filled jobs are from boomers who CAN'T retire, cause they never saved a dime. This is due to a recession where they leveraged a mortgage on their house to put a depreciating BMW in their driveway, since their garage was full of unwanted and broken Chinese and Japanese plastic crap.

I'm starting to think death panels in Medicare is a good idea.

Anyways, leeching off your parents to get ahead since their generation is not passing on a future is kind of the point. Saddling the next generation with a house payments worth of student loans to get a entry level job, and forcing their parents to keep them afloat is economic suicide.
 
2012-06-25 01:03:56 PM  
This is not the Gen X you are looking for...
upload.wikimedia.org
 
2012-06-25 01:07:11 PM  
Girion47:

I totally agree with this. I'd gladly give up all money paid into social security right now if I could redirect it to my 403(b).


You'd be an idiot. The next great crash due to boomer excess and our maligned financial industry is on the horizon. The markets won't be spared.

At least SS is government backed, and the government prints the money. get pitchfork and noosy enough and they'll have to do something, even when we fall off the cliff.

Private markets? Good luck on your own! Phillip Ivy Leagues already retired to panama on your management fee's.
 
2012-06-25 01:39:45 PM  

dantheman195: Keep your bills paid and don't into debt, any debt for any silly reason.


I am willing to bet you have never experienced any serious/expensive illness or chronic medical issue. Most people my age (40-ish) aren't going into debt because they bought a McMansion or a Lexus - they're in debt because their health benefits were cut back (or cut off) & they now have medical bills up the yin yang.

Most people I know - regardless of whichever generation category they fall under - are too poor to be rich and too rich to be poor; many are only one hospital stay away from financial crisis.
 
2012-06-25 01:52:21 PM  
The problem is that by then the damage will have been done. What good is an entry-level job in your 30s?

Try it when you are pushing 50, competing both with people who have a decade more experience and the kids fresh out of school.

The problem is that we have this ownership class that, despite sitting on top of a social infrastructure founded in free-market economics and representative democracy, have essentially the role and sense of entitlement as the bourgeoisie. They're out of touch, useless, own most of everything AND keep a lot of ideologies in place that were meant to screw us over to begin with but now they're dangerously outdated.

The rich will not be happy till they own everything and then they'll complain about having to support the rest of us. It is already happening.

Get off your high horse...

I can't here you. I'm way down here in the dirt and the horse you are riding is up there on the pedestal.
 
2012-06-25 02:15:45 PM  

ghare: WTF Indeed: NuttierThanEver: Wha? Gen X is not part of the baby boom. GenX is the Michael to the Baby Boomers Gob and Lindsay.

Sorry, I read the first line and laughed and forgot to quote tfa:

Though everyone seems to be feeling sorry for millennials, who are experiencing one of the highest unemployment rates and boomers, who are delaying their retirement due to the economy their lazy gen-x/gen-y/millenial kids who won't get a job and move out because jobs won't let you facebook all day

The boomers big mistake was raising lazy, entitlement-happy whiny gen-x/gen-y/millenial kids


Even when you try to say it was their kids' fault, you still end up blaming the Boomers.
 
2012-06-25 03:19:49 PM  
Baby Boomers: Generation Criminal

If there was justice you could hunt people born between 1946 and 1962 for sport. They started out hippies full of free love but they are going to check out as the lowliest, most selfish self-centered a-holes in American history.

Their problem is that they took the 1950's which was a period unique in American history in terms of its financial success for so many (white) people, and have spent the next 60 years claiming that time in history to be the American norm. It was not.

4.bp.blogspot.com

Thanks for listening.
 
2012-06-25 03:24:46 PM  

WTF Indeed: Feeling bad for Baby Boomer because of this economy is like feeling bad for a drunk who starts a fight in a bar. You can't feel bad for the generation that caused it.


I'm also waiting for when the Baby Boomers bankrupt Social Security. I'm 41 and fully expect to die at my desk because I'll have to work well into my 80's.

/Fark you Boomers
 
2012-06-25 04:54:34 PM  
mjohnson71: WTF Indeed: Feeling bad for Baby Boomer because of this economy is like feeling bad for a drunk who starts a fight in a bar. You can't feel bad for the generation that caused it.

I'm also waiting for when the Baby Boomers bankrupt Social Security. I'm 41 and fully expect to die at my desk because I'll have to work well into my 80's.

/Fark you Boomers


If it's any consolation, so will they.
 
2012-06-25 08:06:48 PM  

imontheinternet: Fortunately, a lifetime of apathy and disillusionment has prepared us for this crisis. Gen-Xers from all across the nation will band together to utter a collective sigh and share sarcastic comments.


Also we already know about dumpster diving and thrift stores.
 
2012-06-25 08:10:44 PM  

TyrantII: Saddling the next generation with a house payments worth of student loans to get a entry level job, and forcing their parents to keep them afloat is economic suicide homicide.


FTFY
 
2012-06-25 09:46:41 PM  

StandsWithAFist: dantheman195: Keep your bills paid and don't into debt, any debt for any silly reason.

I am willing to bet you have never experienced any serious/expensive illness or chronic medical issue. Most people my age (40-ish) aren't going into debt because they bought a McMansion or a Lexus - they're in debt because their health benefits were cut back (or cut off) & they now have medical bills up the yin yang.

Most people I know - regardless of whichever generation category they fall under - are too poor to be rich and too rich to be poor; many are only one hospital stay away from financial crisis.


If you eat right, don't eat garbage or fast food, excercise or somewhat active, don't smoke or do drugs, don't drink, don't do anything stupid or dangerous, and have sex with only your spouse or significant other, you can avoid 95% of the health problems people get,

Sure you can get something caused by genetics but if something "runs in the family" you have already have an idea what conditions you will end up with and can prepare for them.

Health insurance is over-rated anyways

I have a plan that only covers major medical problems, costs $180 a month

Stop feeding the beast and medical care will come down people!
 
2012-06-25 09:53:33 PM  

TyrantII: dantheman195: Generation X and Y

Get off your high horse and get a job already, live frugally, live with your parents if you have to, don't worry about keeping up with the Jone's because they are getting their house forclosed on anyways. Do something, save money, work two or three jobs if you have to. Don't waste money on "advanced degrees" they aint worth crap anymore anyways. Keep your bills paid and don't into debt, any debt for any silly reason. Save enough money to buy a duplex, outright, rent it out OR start a part time business. Grow either one until you can tell your boss(es) to go shove it.

Stop sitting around expecting someone to give you a 100K a year job, a free house and car, it aint gonna happen lazy a$$

/A member of Generation Y, owns my own business, does very well

There's 1 job for every 8 people currently. Not everyone can be an entrepreneur, nor should they, since it be disastrous for the economy.

Most of the filled jobs are from boomers who CAN'T retire, cause they never saved a dime. This is due to a recession where they leveraged a mortgage on their house to put a depreciating BMW in their driveway, since their garage was full of unwanted and broken Chinese and Japanese plastic crap.

I'm starting to think death panels in Medicare is a good idea.

Anyways, leeching off your parents to get ahead since their generation is not passing on a future is kind of the point. Saddling the next generation with a house payments worth of student loans to get a entry level job, and forcing their parents to keep them afloat is economic suicide.


Well if 1 out 8 people started a small business and hired 7 people in 5 years, unemployment would definately would flatline. Big mega corporations don't create jobs, government does not create jobs, they all destroy them. Mega corps merge with other companies and fire all the redundant people, anyone who has ever been through a merger would know this. Government destroys jobs by creating new bureaucrats to over regulate commerce and trade.
 
Displayed 50 of 58 comments


Oldest | « | 1 | 2 | » | Newest | Show all


View Voting Results: Smartest and Funniest

This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »
On Twitter





Top Commented
Javascript is required to view headlines in widget.

In Other Media
  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report