The Next Recession Will Destroy Millennials
The Atlantic,
by
Annie Lowrey
Original Article
Posted By: M2,
8/26/2019 6:58:53 AM
The trade war is dragging on. The yield curve is inverting. Investors are fleeing to safety. Global growth is slowing. The stock market is dipping. The Millennials are screwed.
Recessions are never good for anyone. A sputtering economy means miserable financial, emotional, and physical-health consequences for everyone from infants to retirees. But the next one—if it happens, when it starts happening—stands to hit this much-maligned generation particularly hard. For adults between the ages of 22 and 38, after all, the last recession never really ended.
Reply 1 - Posted by:
ROLFNader 8/26/2019 7:01:11 AM (No. 162351)
I believe Charles Darwin already addressed this phenomenon.
14 people like this.
Reply 2 - Posted by:
LC Chihuahua 8/26/2019 7:12:45 AM (No. 162361)
Are you scared? That's because you are on Scare Tactics. The left is doing this to make sure millennials show up on election day. Many millennials are smart enough to know when they are being BS'd, and they won't like it. Don't be surprised if this backfires on the left just like everything else. The left is self-destructing, but destruction is a cornerstone for the left.
13 people like this.
Reply 3 - Posted by:
F15 Gork 8/26/2019 7:12:50 AM (No. 162362)
If they are still living in their parents basement, will they even notice?
15 people like this.
Reply 4 - Posted by:
cThree 8/26/2019 7:17:58 AM (No. 162365)
It's the Atlantic again; I can save you some time:
Trump Bad. The World is Just About to End! O! the Humanity!
And this will be Worst for Those Most Easily Scared!!
Easy peasy. You're welcome. ;)
19 people like this.
Reply 5 - Posted by:
learner 8/26/2019 7:25:38 AM (No. 162371)
It is amazing that traditionally the definition of a recession is 2 quarters of negative growth. The new definition is growth at a rate greater than anytime during the previous administration. Folks like this writer have predicted 75 of the last 2 recessions.
13 people like this.
Reply 6 - Posted by:
pilot222 8/26/2019 7:55:55 AM (No. 162411)
And just who is going to inherit all this Boomer money? Will someone tell them that their heroes, the fake indian and the communist from NH are going to pass laws that take up to 50% of inherited money so they are screwed by the very gods they worship. All these loans for education to end up so financially stupid.
8 people like this.
Reply 7 - Posted by:
Rumblehog 8/26/2019 8:04:29 AM (No. 162419)
Whatever will they do? Accept Demonrat's slouch toward Communism in order to get their student loan debts forgiven?
8 people like this.
Reply 8 - Posted by:
Philipsonh 8/26/2019 8:16:30 AM (No. 162438)
Not a single Millennial has gotten a job for years ? Boy, that's tough, and a big, fat lie. I know MANY individuals included in that age bracket who are doing just fine. I have two young relatives, in their 20's, who just bought a very nice home in a beautiful neighborhood, but they must not count. The Left only counts failures.
9 people like this.
Writer never mentioned that attitude has as much to do with success as education.
7 people like this.
Reply 10 - Posted by:
jeffkinnh 8/26/2019 9:08:36 AM (No. 162499)
Oh, the millenials that sat jobless under BO?
"The next recession"? The one that is nowhere on the horizon except in desperate, fevered dem delusions?
Even if there is eventually a slowdown, there is a major difference with Trump as president. He actually KNOWS what to do to get things moving again. BO watched a stagnant economy for his full 8 years and only did stupid, feel good, "fair" stuff. Of course, if you have never "built that", you don't have a clue as how to do it.
More Leftist fear mongering.
6 people like this.
Reply 11 - Posted by:
HotRod 8/26/2019 9:13:04 AM (No. 162502)
Well, if it's even a little bit true, maybe some of the snowflakes will finally get a job that cuts down on their SJW activities and gaming sessions. Antifa might be fun to some of them, but it doesn't pay much and will increasingly cost them money and prison time.
4 people like this.
Reply 12 - Posted by:
Strike3 8/26/2019 9:15:01 AM (No. 162503)
None of the economic gloom and doom is true, at least for us retirees who worked all of our lives and are sitting pretty now. The stock market is simply in "buy" status if you still need to play that game. The "recession" hoax was created by the left to criticize Donald Trump for upsetting China's sampan. China will soon see the light and all will be well with the world, except for Europe who is orchestrating their own meltdown due to stupid economic decisions and muslim pandering. Millenials who inherit their parents' wealth will survive for a little while but the ones who work hard and build their own portfolios are in the minority. The basement dwellers and those who financed degrees in "studies" are in for a hard life.
6 people like this.
Reply 13 - Posted by:
worried 8/26/2019 9:16:00 AM (No. 162506)
My granddaughter at age 20 bought herself a house. She is now 26 and has bought two more since the first one. (Bought and sold the 1st two!) This while having two kids during that span. No college; just a vocational/technical education. That's one millennial that doesn't fear a recession! As an aside, her husband has been out of work because of an operation, so she is the only one working. And as most people know, jobs in small towns don't pay those big salaries.
6 people like this.
Reply 14 - Posted by:
bubby 8/26/2019 9:20:20 AM (No. 162509)
Chicken Little redux! Recession and climate alarmism will have the millennial snowflakes melting with fear. Good grief don't remember any articles like this when obama was President?
7 people like this.
Reply 15 - Posted by:
Franz 8/26/2019 9:41:09 AM (No. 162530)
The economy is robust thanks to President Trump's policy of removing government obstruction. The Democrats and MSM are doing everything possible to create a self-fulling prophecy of a recession.
4 people like this.
Reply 16 - Posted by:
rubberneck 8/26/2019 10:30:23 AM (No. 162598)
There are 2 types of "millennials," based on my observation.
1) Those who pursued, or are pursuing, an education in a discipline that will prepare them for a career with a future, and/or are gainfully employed and contributing to society and the economy.
2) Those who are focused on their skateboards, tattoos and "smart-phones."
A recession would be hard on all of us... but particularly those who might find themselves short on tattoo money.
4 people like this.
Reply 17 - Posted by:
bigfatslob 8/26/2019 10:38:49 AM (No. 162612)
The new boogyman fear word on the horizon Recession. It's a big fat lie. Under Obama's reign of terror they used words like Obama inherited a bad economy from Bush and we were always in a 'recovering recession'. People knew, at least I did, that we wallowed at the brink of the 'D'-word 'Depression'. For eight years the stock market was the only thing 'happening' and place to go. Donald Trump as President and CEO of America started the healing process that Obama handed to him. I'm not buying this recession BS and neither should anyone else.
2 people like this.
Reply 18 - Posted by:
jacksin5 8/26/2019 10:52:53 AM (No. 162626)
If this were true, the only way Millennials would be affected is when their parents could no longer afford to keep these grown children around.
2 people like this.
Reply 19 - Posted by:
DVC 8/26/2019 12:11:21 PM (No. 162739)
Oh, Bull Hockey. My investments have survived a number of these events. Properly set up, they are relatively minor events. For example, in "great recession of 2008", my portfolio was down about 18% at the worst, and was back even within 18 months. Sorry, that is not much of a big deal.
Now, I know fools, some who are closely related, who pulled out all their investments at the bottom and waited years before re-entering the market. The "Sell low - Buy high" strategy is not a successful one.
In fact, having a good bit of cash available for a recession is a great plan. When the market bottoms out, and the gnashing of teeth is the greatest.....BUY STOCKS, good companies. They are ON SALE, discounted. Like buying that car on sale.
Get some actual financial advise for investing, from a competent and honest advisor. That is perhaps the most important thing you can do in life, at least financially.
0 people like this.
Reply 20 - Posted by:
DVC 8/26/2019 12:14:38 PM (No. 162741)
Sorry for the typo, I meant "financial advice"....I actually do know the difference between the noun and verb forms.
0 people like this.
Reply 21 - Posted by:
paral04 8/26/2019 7:34:55 PM (No. 163154)
Whatever the stock market did in the past few weeks it is still higher than when Obama left office. The author is just a fear monger trying to tank the progress Trump has made
0 people like this.
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