this post was submitted on 18 Jun 2024
1 points (100.0% liked)

News

28614 readers
3376 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
 

Claire*, 42, was always told: “Follow your dreams and the money will follow.” So that’s what she did. At 24, she opened a retail store with a friend in downtown Ottawa, Canada. She’d managed to save enough from a part-time government job during university to start the business without taking out a loan.

For many years, the store did well – they even opened a second location. Claire started to feel financially secure. “A few years ago I was like, wow, I actually might be able to do this until I retire,” she told me. “I’ll never be rich, but I have a really wonderful work-life balance and I’ll have enough.”

But in midlife, she can’t afford to buy a house, and she’s increasingly worried about what retirement would look like, or if it would even be possible. “Was I foolish to think this could work?” she now wonders.

She’s one of many millennials who, in their 40s, are panicking about the realities of midlife: financial precarity, housing insecurity, job instability and difficulty saving for the future. It’s a different kind of midlife crisis – less impulsive sports car purchase and more “will I ever retire?” In fact, a new survey of 1,000 millennials showed that 81% feel they can’t afford to have a midlife crisis. Our generation is the first to be downwardly mobile, at least in the US, and do less well than our parents financially. What will the next 40 years will look like?

(page 2) 50 comments
sorted by: hot top controversial new old
[–] afraid_of_zombies@lemmy.world 1 points 9 months ago (4 children)

My wife has a job with an awesome pension and as a result there is basically no situation she will ever leave. I pointed out to her that the golden handcuffs are still golden.

One day some MBAs are going to learn that if you don't want constant turn over you give workers a pension so great they would crawl over their mother's corpse to get it.

What am I saying? MBAs learning? Hahaha I love being silly.

[–] nickwitha_k@lemmy.sdf.org 1 points 9 months ago (5 children)

One day some MBAs are going to learn that if you don't want constant turn over you give workers a pension so great they would crawl over their mother's corpse to get it.

Plus, modern MBAs see turnover as a good things because it makes the short-term investors happy.

load more comments (5 replies)
[–] UltraGiGaGigantic@lemm.ee 0 points 9 months ago (1 children)

It doesn't matter if any specific MBA learns a lesson. Some other douche canoe will swing by and have their single brain cell fire off just this one time and they'll start hacking away at the pensions to make Q3 look better.

load more comments (1 replies)
load more comments (2 replies)
[–] SnotFlickerman@lemmy.blahaj.zone 1 points 9 months ago* (last edited 9 months ago) (14 children)

The next forty years will look like absolute hell and the lack of proper services for the explosive number of diseases in the millennial cohort will directly contribute.

  1. Milliennials by and large don't have enough money to retire, and they are experiencing in striking numbers high rates of immunodeficiency and cancers. (I was personally diagnosed with cancer at 42. You know, the ultimate answer to life the universe and everything...) This will mean they will need more elder care and sooner... and they won't really be able to afford it.

  2. No Child Left Behind has properly fucked US education for the foreseeable future, and US education was abysmal before that already. The elderly are going to be being taken care of by adults who may be functionally illiterate and when you're functionally illiterate, you can become anti-vax even if you got hired as caretaker for the elderly. (Not all will grow up to be functionally illiterate, but if we're to take teachers at their word, the gap between the struggling kids and the smart kids is wider than ever. As in C students functionally don't exist, only A students and F students, and the F students are the larger group who are being passed on to higher grades just to hit numbers.)

  3. On top of education being gutted and there being a dangerous future of incapable people being put in these jobs because there's no one else to do them: The collapse in birth rate because nobody can afford to have fucking kids will also make this problem worse as fewer and fewer workers will be available to take care of more and more elderly and infirm people.

  4. Most of the places that take care of the elderly are being bought up at rapid pace by investment groups, private equity, hedge funds, and the like, and all they do is cut services, make things worse, and cause more suffering and death so they can wring more money out of people suffering at the end of their lives. How many of these businesses will even still exist in 20 years? Many of them are shutting down constantly because the numbers just don't add up, or because the private equity group that bought it has finished hollowing it out and there's simply no money left.

  5. Because of all of this, we will see an absolute explosion of homelessness in the elderly.

  6. You can bet your ass fuck-nothing will be done to prevent any of this. Especially if Trump wins in November, then we're dealing with this process outright accelerating at a breakneck pace.

  7. Oh and just for "fun" we can expect to see a lot more police violence against poverty-striken old people. "STOP RESISTING OLD MAN!"

EDIT: Oh yeah, and that's not even counting climate change, finite amounts of topsoil left, potential pandemics, and the fact that most of the world doesn't even have access to clean water. I try to keep an eye on neat, simple engineering projects from poor countries because we may need to rely on similar options soon enough ourselves.

EDIT II: Get involved in Mutual Aid Groups. We all have skills. No one is coming to save us. No government or political party or corporation. We have to save each other, and that will be very difficult to achieve. I forget the writer, but she said something like "No dictator is ever going to bring about the revolution. It will always have to come from the bottom organizing together." The only thing we can do is help one another. It will not be easy or fair or entirely successful.

[–] Sabata11792@ani.social 1 points 9 months ago (3 children)

We some how got wedged between Idiocracy and Cyberpunk 2077.

load more comments (3 replies)
[–] skuzz@discuss.tchncs.de 0 points 9 months ago (1 children)

If the orange man wins, America is over and none of your concerns will matter as we slip into a fascist dystopia. That is an existential threat we have to deal with right now, and it can actually be prevented.

load more comments (1 replies)
load more comments (12 replies)
[–] Veraxus@lemmy.world 0 points 9 months ago* (last edited 9 months ago) (7 children)

Am millennial… xenniel or “elder millennial to be exact… I have completely given up on ever owning a home or being able to retire. Short of some major acts of public disruption at unprecedented, economy-toppling, billionaire-eating scale, my entire generation - and those after us - are fucked.

[–] DarthBueller@lemmy.world 1 points 9 months ago

And yet we act like boiled frogs, each generation making fun of the prior one for expecting things to be better than they are. Gen z is so used to things being like shit that they think that all older generations are entitled fuckers And that we should get used to everything being worse because Right now it’s the best they’ve ever known.

load more comments (6 replies)
[–] Grass@sh.itjust.works 0 points 9 months ago (2 children)

Now try being a mid 30s millenial that couldn't even make it running a business

[–] deo@lemmy.dbzer0.com 1 points 9 months ago

For real. I'm over here having a mid-life crisis since I was 27.

[–] Cryophilia@lemmy.world 0 points 9 months ago (1 children)

Running a business is way harder than just being a worker. I don't understand what you mean by this.

load more comments (1 replies)
[–] octopus_ink@lemmy.ml 0 points 9 months ago* (last edited 9 months ago) (4 children)

X'er here. I have what most would consider a good job, with good pay, and a good boss. I consider it a good job with good pay and a good boss. My spouse is unable to work, and we have two children. I'm currently seeking some skill or product I can develop without taking time away from my existing responsibilities such that I have a chance of not having to work until I die at my desk one day.

With no shade against millenials, this is the only time I'm grumpy about being forgotten in the generational sniping that goes on. All these articles (like OP) about this very valid angst from older millenials and I identify with it pretty much every time. I know I'm not the only X'er who does.

[–] SnotFlickerman@lemmy.blahaj.zone 0 points 9 months ago* (last edited 9 months ago) (1 children)

It's the trouble with attributing it to any specific generation. It's like people forgot that Gen Xers grew up reading the same dystopian sci-fi that we did that predicted this corporate shithole world. Neuromancer was written in 1984, when I was three years old. People forget that the cynicism of Gen X explicitly came from being such a small generation compared to the Boomers that it was just always a given that they wouldn't ever have much political influence. Hell, it even affects a lot of Boomers, because this has been going on for a long time.

Gen X gets forgotten, but they were honestly the first to really bear the brunt of this disease that's eating at all of us, and thus it's sad that they get forgotten. Cheers mate, and I hope you find that skill and succeed in your goals.

[–] octopus_ink@lemmy.ml 1 points 9 months ago

Thanks buddy. 🥹

I leave this parting gift...

load more comments (3 replies)
load more comments
view more: ‹ prev next ›