Millennial Revolution: Have we been wronged?

I usually have a laundry list of subtopics to discuss on each blog post, but I wanted to keep this one short and sweet.

Check out this video called:‘Millennial Revolution’ and let me know what you think.

What do you think of this video? Have we been wronged as millennials or are we entitled brats?

It would be interesting to read  boomers & millennials perspective on this.

 

 

 

Categories: Debt

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14 replies

  1. Blaming the system etc does not fix the problem at all. Unless a millennial has decided that their life is pointless for the rest of the life (don’t do that), then only way to change things is to do something. So they must do the best they can with their situation – the past is the past, learn from it and do what you can now.

    Also, vote for the political party that you think is best for you. Other than that, the negativity will not create a better situation.

    Tristan

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  2. The way I see it: We are where we are. What we do next matters!
    In short:you can not change the past, take action to make the future better…

    Part 2 of the video is exactly this for me… Define how to fix the problem.

    The issues in Belgium are not so outspoken, maybe therefore that I do not get all the subtile problems that american have like student loans.

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  3. The victim and blame mode of the video lost me. The argument is a bit too lopsided. Someone may listen to her and pick up the wrong signals here. I prefer arguments that proffer sensible solutions as well.

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  4. Student debt is out of control but some of the blame needs to fall on the students. I am a millennial and I went to school with students who took the entirety of the student loans offered to them and used the money to go on spring break, decorate their dorm rooms, buy flat screen TV’s, etc. They would say “It’s the cheapest money we will ever get!” I can’t feel bad from them now when they complain about the burden of the loan repayment. I think we need to educate high school students on personal finance in general and make them understand the gravity of the loans they take out. But I don’t think we came blame other people for the choices we make.

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    • You make a good point. I know for myself I did not spend all of the student loan money that I was provided to me wisely. Even though I was working as well, I did not have the strong money management skills I do now to make the right decisions. Yes tuition fees are going up, but there are many options to completing a 4 year degree. There are valid points to both sides but we need to take responsiblity as well.

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  5. How can it be the baby boomers problem, that what worked for them, does not work anymore? Blame should not be shifted to another generation because things aren’t working out for yours (and I don’t believe that it isn’t working out for all millennials).

    People need to take responsibility for their own choices. The person who spent 14 years in school getting degrees that are not valued in today’s job market should have done more investigation/research. Did this person have a baby boomer standing over them as they signed the student loan papers?

    People make a choice to buy an overpriced house with a huge mortgage. You can’t blame a baby boomer for your poor financial choice. Is a baby boomer standing over them making them sign the mortgage papers?

    As for her friend that had 3 losses in one year, all the company sees is a new employee that has missed a lot of work. Employees missing work cost a company money. They don’t care why you missed work, they care that you are costing them money. That is nothing new.

    And her friend Jack, that put in decades at the same company only to be let go before one year before retirement, most certainly wasn’t a millennial. Who does he blame?

    I think the take-away from this is you must think look out for yourself (nobody else will and that is nothing new either).

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    • I never thought about Jack not being a millennial, but you are probably right. Your take away it on point, its a harsh reality we face, but you are probably right.

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  6. When I see videos like this I find “truth” somewhere in the middle. The young generation has placed themselves heavily in college debt. If this generation was concerned about this, they could have chosen community college education for the first 2 years (saving a large sum of money) and transferring to a state college with lower costs. An education is based (greatly) on the efforts a student is willing invest.

    If people wish to labor in the work force, they must be prepared to work for approximately 8 different companies over a working career. The alternative is to become self employed.

    Anger, by itself, usually doesn’t improve outcomes. I certainly can understand the frustration. Unfortunately, there is a mixed response including “why bother trying,” “I worked hard on my education and I should start my employment years at a much higher salary,” “the baby boomers just don’t understand this new technological world.”

    Those willing to use their imagination can creatively find solutions to these problems. My philosophy is, “work as many jobs as necessary to meet financial obligations while developing a plan of action for satisfying a meaningful future.

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  7. This is very interesting. While perhaps too angry for me to totally relate, I do agree that millennials need a different strategy. Over spending on education is a real issue. As are property costs.

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