[Gavin@MMW]

Originally Posted by AU335i

lol.

Great thread in general, this is hilarious though

[achien]

you are most likely one of those non-tax paying kids, no jobs, but has a trust fund with a rich father.

the only retards are the ones who are out of touch with reality and not recognize the seriousness of these issues.

Originally Posted by Spoolin335

What a fucking retarded thread, 99% of what? People losing money in the market right now?
Sure

Originally Posted by paullyv

Ha! Concur..

[Tag]

[driersheets]

Hippies were on campus today protesting...damn bums

[Gavin@MMW]

Originally Posted by tag824

LMFAO @ Fox News comment

[Tag]

Originally Posted by Gavin@MMW

LMFAO @ Fox News comment

"It'll be the last time" haha, that was so full of WIN!

[11Series]

Originally Posted by tag824

That idiotic news anchor got seriously owned. No wonder their news department had to issue an apology.

Here is the translation from Fox News style talk to regular English:

When the news anchor says "Nobody knows what [OWS protesters] want" what that translates into English is "I refuse to listen or pay attention to what OWS protesters want".

When people now say that they still don't think the OWS protests have any point at all, what they are really saying is that THEY THEMSELVES are refusing to listen and pay attention.

[Templar]

Originally Posted by lkw15

Man, there is some weird stuff going on at these things. I walked by the occupy DC camp on Freedom Plaza here in DC yesterday, and there was a giant pile of used shoes. A couple of people were just rifling through them trying them on. I'm not sure what that was about.

I saw this on Drudge this morning too. Gross: Occupy Toronto "This Man Was in my Tent Sniffing my Girlfriend’s Feet”

Video: http://mrctv.org/videos/occupy-toron...-feet%E2%80%9D

I laughed pretty hard...

While I think that some (the more intelligent individuals) have a legitimate reason to protest, I do think there are a lot of people just jumping on the bandwagon without any idea why they are really there. Sadly they are the ones getting more attention because they are creepy and weird.

[Tag]

[Quick6EF]

Walked by the park by Wall St last night. What a shit show. Very very very small space for all of these people.

[BMWinNorthdakota]

[Q4P]

So what does everyone think? Many years later and the 35 and under crowd makes 3x less...

http://money.cnn.com/2011/11/07/news...x.htm?iid=Lead

Certainly tougher days today than ever.

[scollins]

Originally Posted by Questforpower

So what does everyone think? Many years later and the 35 and under crowd makes 3x less...

http://money.cnn.com/2011/11/07/news...x.htm?iid=Lead

Certainly tougher days today than ever.

That data is talking about NET worth. I'm actually not surprised that the under 35 crowd has lost net worth. This forum is a shining example of it.

The biggest component of net worth is usually two factors: Retirement savings and a house. Most of the younger generation don't want to save or buy a house, they "want it all, and want it now." Why buy a house when I NEED to buy a $50,000 BMW right out of college?

And no, the tanking economy didn't crater net worth, otherwise you'd see the old people hammered too. Their net worth is from their retirement plans (in the market) and their houses. Factors that impact both groups, although those older people have likely held their houses for a lot longer (lower cost basis.)

Another factor is that many of the baby-boomers are now creeping into that over 65 category, and they've been one of the most successful generations income-wise.

But I'm sure this is also Wall Street's, the evil corporations and banks fault......

[Tag]

Originally Posted by scollins

But I'm sure this is also Wall Street's, the evil corporations and banks fault......

To say it's none of their fault is foolish; to say it's all their fault is foolish as well.

[Q4P]

Originally Posted by scollins

That data is talking about NET worth. I'm actually not surprised that the under 35 crowd has lost net worth. This forum is a shining example of it.

The biggest component of net worth is usually two factors: Retirement savings and a house. Most of the younger generation don't want to save or buy a house, they "want it all, and want it now." Why buy a house when I NEED to buy a $50,000 BMW right out of college?

And no, the tanking economy didn't crater net worth, otherwise you'd see the old people hammered too. Their net worth is from their retirement plans (in the market) and their houses. Factors that impact both groups, although those older people have likely held their houses for a lot longer (lower cost basis.)

Another factor is that many of the baby-boomers are now creeping into that over 65 category, and they've been one of the most successful generations income-wise.

But I'm sure this is also Wall Street's, the evil corporations and banks fault......

I partially agree...

Yes, the points you made on net worth are very true but let's remember one thing; I am referring to the difference in net worth of only the 35 and under crowd not comparing the younger to older crowd. It is now 3 times less; 20 something years later. I am sure contributing factors are the fact that 1) houses are much more expensive now, 2) College costs are much more expensive and 3) the fact that solid jobs are nowhere to be found and are certainly not helped by this economy.

How is a young person to buy a house today if they don't have a job? (which they can't find), are massively in debt and have very little savings because expenses have gone up?

The older crowd made money long before the economy tanked so I definitely believe that but the yunguns who are now coming out of college aren't exactly in a similar situation as those coming out of the roaring 80's where the economy was doing very well followed by the 90's where it was even better. The point I am making is that the younger generation is now in a much tougher position than ever and I don't see things getting better soon and it's definitely not all their fault.

[Q4P]

Originally Posted by tag824

To say it's none of their fault is foolish; to say it's all their fault is foolish as well.

+1

[11Series]

Originally Posted by tag824

To say it's none of their fault is foolish; to say it's all their fault is foolish as well.

Agreed.

It is equally foolish to say they aren't allowed to complain at all about the part that isn't their fault, if even the slightest part is their own fault.

There seems to be this overwhelming idea around here that nobody can be mad about anything unless they have absolutely clean hands. As if everyone else around here were all virgins as clean as the driven snow as they cast judgment.

[Kroy]

http://www.bizcommunity.com/Article/196/598/66797.html

Thanks 99%!

1% messing things up for 99%. the irony.

[scollins]

Originally Posted by Questforpower

I partially agree...

Yes, the points you made on net worth are very true but let's remember one thing; I am referring to the difference in net worth of only the 35 and under crowd not comparing the younger to older crowd. It is now 3 times less; 20 something years later. I am sure contributing factors are the fact that 1) houses are much more expensive now, 2) College costs are much more expensive and 3) the fact that solid jobs are nowhere to be found and are certainly not helped by this economy.

How is a young person to buy a house today if they don't have a job? (which they can't find), are massively in debt and have very little savings because expenses have gone up?

The older crowd made money long before the economy tanked so I definitely believe that but the yunguns who are now coming out of college aren't exactly in a similar situation as those coming out of the roaring 80's where the economy was doing very well followed by the 90's where it was even better. The point I am making is that the younger generation is now in a much tougher position than ever and I don't see things getting better soon and it's definitely not all their fault.

Those under 35 and "heads of household" have basically endured 2 recessions, with this current one being the worst. That is assuming we start with those age 22+ (college grads). If we start at 18, they've been through 3. Yes, this last one is tough, but I bet those 65 and over we're more invested in Wall Street than those under 35. And they probably have more expensive homes too.

Those over 65 have endured 7 recessions, all hitting their net worth. So while they have had more opportunities for wealth expansion, they have also had more opportunities for declines.

I'm in between either group based on age, so I really have no dog in the fight except to ask "so what?". What is the solution? Now the rich AND the old have to redistribute their wealth to the young? Again, what is the point of the data, why do we care, and what,iff anything, should be done about it?

And there are jobs out there, people just don't want them because they won't pay their iPhone bill, BMW bill and swanky downtown condo bill. They want $100k jobs right off the start.....

[Q4P]

Originally Posted by scollins

Those under 35 and "heads of household" have basically endured 2 recessions, with this current one being the worst. That is assuming we start with those age 22+ (college grads). If we start at 18, they've been through 3. Yes, this last one is tough, but I bet those 65 and over we're more invested in Wall Street than those under 35. And they probably have more expensive homes too.

Those over 65 have endured 7 recessions, all hitting their net worth. So while they have had more opportunities for wealth expansion, they have also had more opportunities for declines.

I'm in between either group based on age, so I really have no dog in the fight except to ask "so what?". What is the solution? Now the rich AND the old have to redistribute their wealth to the young? Again, what is the point of the data, why do we care, and what,iff anything, should be done about it?

And there are jobs out there, people just don't want them because they won't pay their iPhone bill, BMW bill and swanky downtown condo bill. They want $100k jobs right off the start.....

I am not one to complain because I am doing alright for myself but please find me a few entry level jobs for someone with let's say a 4 year business degree and no experience that pay a little less than half that in the current economy. Let's say 45K to start (no sales or commission jobs)... I double dare you. People are failing to understand how serious the job situation currently is and I think it is a little offensive to tell someone who just completed their 4 year degree, is loaded in debt and is very willing to work to accept a job that pays either $10 hr, have a few jobs or serve tables for a living. To me; that is a clear failure of the system and it can't be defended. The worst part is that the future isn't looking better; i think very few halfway intelligent individuals are immediately looking to get rich; they are willing to work, they just need the proper opportunity to do so. Look at monster.com / careerbuilder.com postings and find me legit entry level postings with the criteria given above... it's near impossible.

Worst part; 5 years ago there were jobs to fit that criteria left and right for college graduates.

No one intelligent is saying money should be redistributed in any way; I think intelligent people are saying that this M-Fing economy needs to improve so we can get rolling again.

[scollins]

Originally Posted by Questforpower

I am not one to complain because I am doing alright for myself but please find me a few entry level jobs for someone with let's say a 4 year business degree and no experience that pay a little less than half that in the current economy. Let's say 45K to start (no sales or commission jobs)... I double dare you. People are failing to understand how serious the job situation currently is and I think it is a little offensive to tell someone who just completed their 4 year degree, is loaded in debt and is very willing to work to accept a job that pays either $10 hr, have a few jobs or serve tables for a living. To me; that is a clear failure of the system and it can't be defended. The worst part is that the future isn't looking better; i think very few halfway intelligent individuals are immediately looking to get rich; they are willing to work, they just need the proper opportunity to do so. Look at monster.com / careerbuilder.com postings and find me legit entry level postings with the criteria given above... it's near impossible.

Worst part; 5 years ago there were jobs to fit that criteria left and right for college graduates.

No one intelligent is saying money should be redistributed in any way; I think intelligent people are saying that this M-Fing economy needs to improve so we can get rolling again.

Fucking Safari on iPad2 crashed before a long post was finalized.... Fucking Apple!

Anyway, a degree is not an entitlement to a job. The path to the career you want isn't always linear. I started as a shelf stocker at a grocery store in college, now work for a CPG company. I wasn't even making $40k a year when I started, but after 20 years in the industry, I'm doing well. I think expecting entry level with a run of the mill business degree to pay $45k is unrealistic.

[Q4P]

Originally Posted by scollins

Fucking Safari on iPad2 crashed before a long post was finalized.... Fucking Apple!

Anyway, a degree is not an entitlement to a job. The path to the career you want isn't always linear. I started as a shelf stocker at a grocery store in college, now work for a CPG company. I wasn't even making $40k a year when I started, but after 20 years in the industry, I'm doing well. I think expecting entry level with a run of the mill business degree to pay $45k is unrealistic.

I was in this position and so were many others years back when we graduated and we all got jobs like that no problem. Today; that is unrealistic and when the opportunity exists 100 people apply for the same job. Just to help understand the difference; I interned for a very reputable company for 2 years and was offered a job off the bat; so were the 5 or so other interns that were graduating. This was the norm back then; today when I speak to people that are still there (major fortune 500 company), for every 9 interns or 10 applying; 1 may get a job. Times have changed; they've changed drastically.