Millennials v. Baby Boomers
Professor Richard Wolff discusses the income gap between Millennials and Baby Boomers. Full episode available via podcast or as a video on Patreon:
Watch the first half of this episode on YouTube:
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Dam kids! – Papa wolff
Has the stench of Reganomics.
Any other millenials here? 👀
Baby boomers went to university for free, had much cheaper houses, better paid jobs, higher interest rates on their pensions and savings, cheaper fuel
And they wonder why the younger generation are pissed off and want a change in the system….
I think baby boomers are more likely to be the grandparents of millennials.
When you put the max amount into your 401k one year, and nothing the next 2 years, then you end up losing the money anyway. "Not a great plan."
Lol, to my knowledge the millennials are not the kids, but the grand-kids of the baby boomers
Donald Duck's uncle has all the money…
X would be the parents of millenials and the children of the boomers.
In a nutshell: http://i.imgur.com/gHQa6Vb.jpg
A college education was the Golden Ticket to the Greatest Generation… Baby Boomers with a Bachelors Degree got a job, but were disposable….. Millennials need a Masters Degree to get the same job….. AND USA is bringing in the Best and the Brightest from around the Globe to REPLACE those Above Average American College Graduates.
Homeownership was pushed by Capitalism to allow for credit expansion of the banking system.
Millennials are often regarded as lazy and entitled by baby boomers. Why? Is it because we want to be able to afford a house and get a decent wage? It honestly doesn't surprise me that a majority of the youth support socialism. The system is failing us.
This is why Cryptos will do well, because the young like me know fiat has failed us.
I started contributing to my 401(k) when I was hired in 2009. Since 2009 and now, I've only made about 10% in interest. Meanwhile the DOW has gone from 8k to 22k.
All the gains are going to fees. It's a giant scam.
Opt out of your 401(k) and use the money to buy index funds, and hedge with gold. You'll be better off.
Capitalism is a scam, as feudalism and others was.
It's because of the Rich Reaganites. They killed the generations after them.
Dr Wolff, for once I disagree with you.
demagog
Are tax havens partially responsible for the great divide and how gen-x keeps getting erased from the equation? The Price We Pay was an interesting watch. The invisible social contract was broken long before most of us were even born. Following the same fiscal failures will lead further away from justice and closer to comic relief, as evidenced by the world stage.
I think it's time Americans realised there is no future in a two party political system controlled by the corperations.
All I know is that it's frustrating as a gen xer with a master's degree and no career to go to networking events and be surrounded by millennials who seem to have had no problem getting jobs right out of college and who defy everything he said in this video.
College is a scam. And they expect you to work for the rest of your life to pay for that scam.
What's with the spinning globe graphic.. same mesmerizing crap like main steam…Rich, don't be a shill.
Thanks! For telling it like it is. Alternatives anyone?
Baby Boomers are hard working , savings and invested minded where Millennials are whiny , cry baby , snowflakes with poor work ethics and think they're entitled to everything
Wait wait wait after 8 years of the greatest progressive Marxist president ever Obama people are getting paid less? I beg to differ. Mr Wolf information must be in error
Because the government grew to big
Millennial with 150k net worth . Where did the other millennials go wrong ? Live beyond there means why the still poor