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(Business Insider)   Affixed text exhaustively examines extreme examples of how gen-X is exceptionally and existentially jinxed. No exposition on exploitation, Oxycontin, taxes, sex. Subby is flummoxed   (businessinsider.com) divider line 101
    More: Sad, Generation X, OxyContin, exploits  
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7229 clicks; posted to Main » on 16 Jun 2013 at 11:12 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-06-16 08:53:35 AM
Yeah, it's all Gen X's fault that we're being preyed upon by all the nasty business practices that would have been illegal AND frowned upon back in the boomer's yoot.
 
2013-06-16 09:26:21 AM

doglover: Yeah, it's all Gen X's fault that we're being preyed upon by all the nasty business practices that would have been illegal AND frowned upon back in the boomer's yoot.


well...not our fault, but we're certainly going to be blamed for it.
 
2013-06-16 09:46:34 AM
i970.photobucket.com
 
2013-06-16 10:36:51 AM
Subby, you tried too hard to write a headline for graphs we saw here weeks ago.  You get an "E" for effort.
 
2013-06-16 11:17:36 AM

doglover: Yeah, it's all Gen X's fault that we're being preyed upon by all the nasty business practices that would have been illegal AND frowned upon back in the boomer's yoot.


Well, the sure way to get ahead is by crying about your victimization on the internet as if it's some sort of unique thing and then comparing it to some abstract point in time that you never actually experienced.

Really, we're going to be fine once the boomers get the hell out of the workforce.  I hold one of 26  of a certain kind of executive position in my state.  I'm the only one under 40, and ten other positions are expected to retire in the next five years.  Those positions aren't going to be filled by millenials.
 
2013-06-16 11:20:10 AM
And this is news?
Gen X is in the unique position of not only being screwed, but is, in fact, receiving a generous helping of DP from the Baby Boomers on one side, and the Gen Y snowflakes on the other.
 
2013-06-16 11:20:47 AM
I thought Gen X was early 60's through the 70's .  You know..the lost generation . Seems that it may be so .
 
2013-06-16 11:21:23 AM
Well bless your little hearts.
 
2013-06-16 11:21:23 AM
And not only that, but we need to stop thinking that the post-World War II boom years are some sort of phenomenon that we could repeat if it weren't for those pesky liberals/conservatives.  That period of time can't be repeated unless we travel around the world destroying every other First World country's industrial capacity, import the most brilliant minds in the world, and invest trillions into r&d projects at home.
 
2013-06-16 11:21:46 AM

FLMountainMan: doglover: Yeah, it's all Gen X's fault that we're being preyed upon by all the nasty business practices that would have been illegal AND frowned upon back in the boomer's yoot.

Well, the sure way to get ahead is by crying about your victimization on the internet as if it's some sort of unique thing and then comparing it to some abstract point in time that you never actually experienced.

Really, we're going to be fine once the boomers get the hell out of the workforce.  I hold one of 26  of a certain kind of executive position in my state.  I'm the only one under 40, and ten other positions are expected to retire in the next five years.  Those positions aren't going to be filled by millenials.


The boomers that have already started retiring are the only thing keeping the unemployment numbers from skyrocketing into double digits.
 
2013-06-16 11:23:24 AM
What a great and informative article, subby. "Hey, you guys are really farked over; here's some pretty charts!"

The reason the median of earning to debt remains so farked sideways is thanks to employers making mad cash of the backs of their employed workers, while scoffing at the unemployed ones that want to work.

There are days when I consider doing this another 40 years, and it makes me hope I don't live that long. Bankers got theirs, fark everyone else.
 
2013-06-16 11:24:13 AM

doyner: Subby, you tried too hard to write a headline for graphs we saw here weeks ago.  You get an "E" for effort.


Subby sounds like Don King.
 
2013-06-16 11:25:16 AM
I suppose the whole scheme of collectively borrowing what you didn't earn had to eventually bounce into one generation or another.
 
2013-06-16 11:25:25 AM

FLMountainMan: doglover: Yeah, it's all Gen X's fault that we're being preyed upon by all the nasty business practices that would have been illegal AND frowned upon back in the boomer's yoot.

Well, the sure way to get ahead is by crying about your victimization on the internet as if it's some sort of unique thing and then comparing it to some abstract point in time that you never actually experienced.

Really, we're going to be fine once the boomers get the hell out of the workforce.  I hold one of 26  of a certain kind of executive position in my state.  I'm the only one under 40, and ten other positions are expected to retire in the next five years.  Those positions aren't going to be filled by millenials.


By the time the boomers retire, they'll pass Gen X over entirely and hand their golden keys to their grandchildren. If you are already an executive, you're already set. This is not your problem. It's the problem of the Gen X'ers like myself who've always been the wrong age. When I was a bright shiny new employee, I was always considered too young for the good job. Now I'm too old. They snatch up 23 year olds who have been assistant manager at a mall store and groom them instead.

The boom echo people are enough like the boomers themselves that they get on like a house on fire. Gen X remains on the periphery. Boomers distrust and dislike us, but they simply adore the millennials. It is to weep or to puke.
 
2013-06-16 11:26:01 AM
I'm a boomer and thanks to the greed and extravagant lifestyle choices many of you gen-x made in the 80s and 90s, I retired at age 53 and laugh at you farks all the way to the bank. (With the exception of those that learned moderation)
 
2013-06-16 11:27:23 AM
Another beat-up-the-next-generation thread?

I'm part of the problem, of course. A last of the line boomer who would love to retire and get the hell out of the way. But wait, two recessions in a decade have killed my retirement balances. No more pensions you know. No pay raises in four years. No bonuses. This situation threatens to keep us all working for years longer.

What is it they aspire to exactly?

FWIH: 22% of my check goes to retirement savings plans. Another 7% goes to a mutual fund and I max out Roth IRA contributions. I feel poor and still don't feel like retirement will be comfortable..
 
2013-06-16 11:28:08 AM
Let's see what happen at the start of Gen X in the mid-60's to start the ball rolling for this?
 
2013-06-16 11:31:19 AM

bim1154: I'm a boomer and thanks to the greed and extravagant lifestyle choices many of you gen-x made in the 80s and 90s, I retired at age 53 and laugh at you farks all the way to the bank. (With the exception of those that learned moderation)


We learned it from watching you, dad. WE LEARNED IT FROM WATCHING YOU!
 
2013-06-16 11:31:52 AM

FLMountainMan: And not only that, but we need to stop thinking that the post-World War II boom years are some sort of phenomenon that we could repeat if it weren't for those pesky liberals/conservatives.  That period of time can't be repeated unless we travel around the world destroying every other First World country's industrial capacity, import the most brilliant minds in the world, and invest trillions into r&d projects at home.


Well, let's get on with it then.
 
2013-06-16 11:34:37 AM

lewismarktwo: bim1154: I'm a boomer and thanks to the greed and extravagant lifestyle choices many of you gen-x made in the 80s and 90s, I retired at age 53 and laugh at you farks all the way to the bank. (With the exception of those that learned moderation)

We learned it from watching you, dad. WE LEARNED IT FROM WATCHING YOU!


You fell for the old "Do like I say and not like I do."  One born every minute.
 
2013-06-16 11:35:22 AM

bim1154: I'm a boomer and thanks to the greed and extravagant lifestyle choices many of you gen-x made in the 80s and 90s, I retired at age 53 and laugh at you farks all the way to the bank. (With the exception of those that learned moderation)


I agree with you 110%. Shame on us useless Gen X parasites for not manning-up and getting ourselves enough bootstraps.

/kind of hard to make extravagant lifestyle choices when you have sweet piss-all to begin with...
 
2013-06-16 11:35:53 AM
Eh, I think I make as much as my dad does, and he's been practicing for almost fifty years.

And I was born in '77 and have a major in Philosophy. Yup. Most of my friends from high school and college are doing well also. And I'm far ahead of my parents when it comes to savings for retirement than my folks were at this age. 401Ks have been around my whole working life, and I've always contributed.

To be fair, only the last five or so years have I actually developed a real net worth, and gotten ahead of the paycheck to paycheck life. I suppose not having little mouths to feed helps.
 
2013-06-16 11:36:46 AM
Born in 61. Not sure where I fall. My parents younger siblings are boomers, thier kids are Xers. Just don't blame me for your financial woes. Life is dictated by choices and circumstances. Deal with it and stop blaming everybody but yourself ya damn self entitled spoiled brats.

Now get off my lawn.
 
2013-06-16 11:37:57 AM

FLMountainMan: And not only that, but we need to stop thinking that the post-World War II boom years are some sort of phenomenon that we could repeat if it weren't for those pesky liberals/conservatives.  That period of time can't be repeated unless we travel around the world destroying every other First World country's industrial capacity, import the most brilliant minds in the world, and invest trillions into r&d projects at home.


Don't give the Tea Party any ideas...
 
2013-06-16 11:37:58 AM
bloggingblue.com

Thanks Ronnie
 
2013-06-16 11:38:00 AM

bim1154: You fell for the old "Do like I say and not like I do."  One born every minute.


Hahaha, jokes on you. SIlly pre-Gen xer with your notions of "retirement".

I plan to die at my desk, filling out tps reports.
 
2013-06-16 11:38:52 AM
Like myself, many of the Gen-Xers saw their careers competely derailed by the recession right when they were just really getting going.  For most generations, when you hit your mid-30's and early 40's you're starting to get settled into middle management-type positions (good salary, good benefits).  Many of us had that rug completely pulled out from under us.  Myself, I had spend the last 10 years managing a lab for a civil engineering company, making a good salary and filling up a 401k.  Now I'm working as a teaching assistant for a crappy hourly wage.  Kind of testing the teaching waters before I invest financially in retooling for a career change into teaching.

/Wife is also a teacher and daughter is studying to become a teacher in college.  Seems to be a family thing at this point.
 
2013-06-16 11:39:11 AM

CruJones: Eh, I think I make as much as my dad does, and he's been practicing for almost fifty years.

And I was born in '77 and have a major in Philosophy. Yup. Most of my friends from high school and college are doing well also. And I'm far ahead of my parents when it comes to savings for retirement than my folks were at this age. 401Ks have been around my whole working life, and I've always contributed.

To be fair, only the last five or so years have I actually developed a real net worth, and gotten ahead of the paycheck to paycheck life. I suppose not having little mouths to feed helps.


THIS!
 
2013-06-16 11:39:27 AM
The advantage the Xers have is in technology. I got out of college and got a tech job when I didn't know how to format a disk. Everyone was learning technology in the nineties on the job. We are the generation that Boomers trust with technology. If we have been doing it since college we have the most experience. Most people I know in the industry are actively learning new tech daily.
 
2013-06-16 11:44:19 AM
At first we were all like

img.photobucket.com

Now we are all

img.photobucket.com
 
2013-06-16 11:44:38 AM
we were to busy fighting in the war on drugs
 
2013-06-16 11:44:46 AM

Devo: The advantage the Xers have is in technology. I got out of college and got a tech job when I didn't know how to format a disk. Everyone was learning technology in the nineties on the job. We are the generation that Boomers trust with technology. If we have been doing it since college we have the most experience. Most people I know in the industry are actively learning new tech daily.


This was the one thing I would change if I had another go at it.  Considering I was in college in the early 90's, to have gotten a CIS degree instead of Geology, the opportunites would've been so much better.  Back then though, no one wanted to do CIS as those were the weird guys who would be looking at porn in the computer lab and creeping people out.  Damn you hindsight.
 
2013-06-16 11:45:28 AM

Devo: The advantage the Xers have is in technology. I got out of college and got a tech job when I didn't know how to format a disk. Everyone was learning technology in the nineties on the job. We are the generation that Boomers trust with technology. If we have been doing it since college we have the most experience. Most people I know in the industry are actively learning new tech daily.


I didn't know how a server worked when I started army current tech company.  Now i can design massive private clouds.

Tech is our advantage. I could get another job paying more in a week if I wanted to, however our company is too good to work for to leave.
 
2013-06-16 11:45:28 AM
Gen Xers - just declare bankruptcy and give those bankers and boomers a taste of shiat pie. Your bottom line and their portfolios will finally get some justice.
 
jgi
2013-06-16 11:45:38 AM

edmo: FWIH: 22% of my check goes to retirement savings plans. Another 7% goes to a mutual fund and I max out Roth IRA contributions. I feel poor and still don't feel like retirement will be comfortable..


You may already have enough.
 
2013-06-16 11:46:15 AM

Kriggerel: And this is news?
Gen X is in the unique position of not only being screwed, but is, in fact, receiving a generous helping of DP from the Baby Boomers on one side, and the Gen Y snowflakes on the other.


I'm right on the cusp between Gen X and a Millenial (born in 1980, depending on who you ask, I'm either).  I'm a little curious how you think millenials are screwing you over.  If they're as big snowflakes as you seem to think, they will likely be a non-entity once they hit the workforce.
 
2013-06-16 11:46:22 AM

CruJones: Devo: The advantage the Xers have is in technology. I got out of college and got a tech job when I didn't know how to format a disk. Everyone was learning technology in the nineties on the job. We are the generation that Boomers trust with technology. If we have been doing it since college we have the most experience. Most people I know in the industry are actively learning new tech daily.

I didn't know how a server worked when I started army current tech company.  Now i can design massive private clouds.

Tech is our advantage. I could get another job paying more in a week if I wanted to, however our company is too good to work for to leave.


"At my" not "army"
 
2013-06-16 11:48:54 AM
The problem is that too many Gen-Xers' parents taught their kids to not be dicks.  The offspring of more enlightened parents are doing just fine.
 
2013-06-16 11:49:02 AM
FTA:  "While Generation Xers got a lot richer over the past two decades, this was primarily due to them entering the workforce"

whoa, so is the secret to getting richer to enter the workforce and...work?
 
2013-06-16 11:52:58 AM

FLMountainMan: And not only that, but we need to stop thinking that the post-World War II boom years are some sort of phenomenon that we could repeat if it weren't for those pesky liberals/conservatives.  That period of time can't be repeated unless we travel around the world destroying every other First World country's industrial capacity, import the most brilliant minds in the world, and invest trillions into r&d projects at home.


^THIS^
We became the Superpower, due to the wonderful coincidence that every country with a factory had the crap bombed out of it in WW2. In 1950, we owned over 60% of the global manufacturing share (www.nber.org/chapters/c11297.pdf  page 10), but only a couple years ago it was about 21% (http://www.shopfloor.org/2011/03/u-s-manufacturing-remains-worlds-la rg est/18756 ), and my guess is it's slowly declining, what with China and every other generally poor Asian country getting into the mix.  At some point, Africa's got to get involved too.

I mean think about it:  we had so much money (due to our globally-dominant position and the insane tax rates at the time), we had to invent a space programme to figure out how to spend it.  I think we'll never see that level of 'Mericuh again.  Arguably, it's a good thing.  But it sux to be part of the generation that gets to bear the brunt of the leveling-out.

/Gen-X
//Self-Employed
///Scraping by, just barely, but beats working for The Man
 
2013-06-16 11:53:42 AM

jgi: edmo: FWIH: 22% of my check goes to retirement savings plans. Another 7% goes to a mutual fund and I max out Roth IRA contributions. I feel poor and still don't feel like retirement will be comfortable..

You may already have enough.


You are so right. My perspective has been changing, dragging me back to where I started many moons ago.  I'm shifting back to focusing on what matters, like I did when I started out. But first two more years to get me to the minimum pension...
 
2013-06-16 11:54:57 AM
Gen x gen y baby boomers

all nice in theory but ultimately a lie of control by the bankers who play a game of thrones strictly through money
 
2013-06-16 11:55:06 AM

FLMountainMan: And not only that, but we need to stop thinking that the post-World War II boom years are some sort of phenomenon that we could repeat if it weren't for those pesky liberals/conservatives.  That period of time can't be repeated unless we travel around the world destroying every other First World country's industrial capacity, import the most brilliant minds in the world, and invest trillions into r&d projects at home.


Perhaps we can call this Plan B.
 
2013-06-16 11:57:02 AM

FLMountainMan: And not only that, but we need to stop thinking that the post-World War II boom years are some sort of phenomenon that we could repeat if it weren't for those pesky liberals/conservatives.  That period of time can't be repeated unless we travel around the world destroying every other First World country's industrial capacity, import the most brilliant minds in the world, and invest trillions into r&d projects at home.


And THAT is why the 20th century was what it was, not because of space... Space was the apex, not the base of post-WWII progress.
 
2013-06-16 11:57:39 AM

Kriggerel: And this is news?
Gen X is in the unique position of not only being screwed, but is, in fact, receiving a generous helping of DP from the Baby Boomers on one side, and the Gen Y snowflakes on the other.


Intellectual laziness has nothing to do with the sad state of your ass though, of course. You do understand that just because you and yours have found a scapegoat that you all can masturbate to together doesn't make it true, don't you?
 
2013-06-16 12:02:37 PM
Generation-X will be the generation that finally realizes how much wealth there is in poverty, completely realigning the western value paradigm.  They will be responsible for a milestone in the emotional evolution of the species, and in time they will be known as the Adaptable Generation.  The Great Cataclysm shall cleanse the Earth of their elders, and shall cleanse their young of their materialistic sins with holy fire.

Man, you know what I miss?  OK Cola!
encrypted-tbn3.gstatic.com
(Things are going to be OK.)
 
2013-06-16 12:03:49 PM
I thought it was nice the way they presented the page and slideshow in extra-large, readable text so Gen-Xers could read it.
 
2013-06-16 12:04:33 PM
I blame Keith Olberman

2.bp.blogspot.com
 
2013-06-16 12:05:43 PM
I'm just pissed that my college years were during the height of early 90s sexual paranoia. Between worrying about AIDS and being scared of coming on too strong and date-rapey, my already low confidence with the opposite sex probably went negative my first few years of college, so I just came off as a hot mess to women. It was a miserable time to be a guy coming of age, because all of a sudden sex was this deadly serious thing that stressed you the fark out, while the Boomers and Millenials seem to have had much better attitudes towards sex. Eventually, it all worked out, but I feel like those years would have been so much better had I been born a little earlier or later.
 
2013-06-16 12:08:04 PM

aiiee: Kriggerel: And this is news?
Gen X is in the unique position of not only being screwed, but is, in fact, receiving a generous helping of DP from the Baby Boomers on one side, and the Gen Y snowflakes on the other.

Intellectual laziness has nothing to do with the sad state of your ass though, of course. You do understand that just because you and yours have found a scapegoat that you all can masturbate to together doesn't make it true, don't you?


Yes, it is the intellectual laziness of Gen Xers that is preventing Boomers from retiring. Clearly, that must be it.
 
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