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Most millennials I know that could afford a house got help from their parents or grandparents. Not that I have anything against families helping each other out, I just think it's a ruthless unfairness in our society made worse by millennials who would never admit where the dough is actually coming from, and then they neglect their fortunate family situation and it gets to their head thinking they accomplished everything on their own. In some horrific cases they end up libertarians. Millennials, speaking as one, are a generation of moochers who don't want to admit they get $$$ from "mysterious invisible sources" and "money trees". Moochers out of necessity, you could argue - due to inflation, healthcare costs, housing costs, wage stagnation, etc. My college loans got mostly paid off by a dead relative leaving behind dough. Maybe I'll get lucky with wedding and house down payment! No other way those things are happening at this rate!
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Jul 17, 2017 04:36
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My friend won lawsuit of over $1 million, but wants to use my bank account to deposit the money. What can go wrong?quote:He is my coworker. I have known him over five years and we have been close the entire time. I have always helped him out with money, food, rides, and everything. He does not have a bank account and has been struggling. He said he would give me $30,000 of the money in return for all the years I helped him and for taking the money in my bank account. Supposedly he has been working with a case worker that he gave me contact information to. Do you think this is a scam? Can I be taxed for taking the money into my account? OP says co-worker doesn't trust banks but wants OP to deposit all this money in a bank  Future BWM IP rules on physical 70mm film / Star Wars quote:Hello I previously worked at a organization that had an IMax theater where we showed Star Wars Episode 7. One day after work I went to throw something in the dumpster and found the entire movie in 70mm film. I quickly loaded about 500 feet of film into my car, took it home, cleaned it, and boxed it away. I no longer work at this organization. and his update quote:Thanks everyone for the advice, I have decided to go forward with selling a few of the cells on eBay. I will update everyone if I get sued into oblivion.
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Jul 17, 2017 04:49
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Think if I tattled on him Disney would give me a couple of tickets to the park for free?
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Jul 17, 2017 08:09
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Solice Kirsk posted:Think if I tattled on him Disney would give me a couple of tickets to the park for free? I'm sure there is a Captain America PSA for this situation.
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Jul 17, 2017 12:19
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Mokelumne Trekka posted:Most millennials I know that could afford a house got help from their parents or grandparents. Not that I have anything against families helping each other out, I just think it's a ruthless unfairness in our society made worse by millennials who would never admit where the dough is actually coming from, and then they neglect their fortunate family situation and it gets to their head thinking they accomplished everything on their own. In some horrific cases they end up libertarians.
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Jul 17, 2017 13:39
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Haifisch posted:People dumb enough that they have to buy single family housing in the middle of a big city, instead of renting or moving out to the burbs like normal people. It is impossible to overstate the quality of life improvements from a short commute and a life that doesn't require a car to do everything.
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Jul 17, 2017 14:02
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Mokelumne Trekka posted:Millennials, speaking as one, are a generation of moochers who don't want to admit they get $$$ from "mysterious invisible sources" and "money trees". This but every generation. Grumpwagon fucked around with this message at 14:18 on Jul 17, 2017 |
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Jul 17, 2017 14:14
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Mokelumne Trekka posted:Most millennials I know that could afford a house got help from their parents or grandparents. Not that I have anything against families helping each other out, I just think it's a ruthless unfairness in our society made worse by millennials who would never admit where the dough is actually coming from, and then they neglect their fortunate family situation and it gets to their head thinking they accomplished everything on their own. In some horrific cases they end up libertarians. Millennials are ruining wedding down payments! 
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Jul 17, 2017 14:17
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MILLENNIALS 
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Jul 17, 2017 14:21
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I love how most of those boil down to "millennials aren't consuming enough," gee I wonder why that is
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Jul 17, 2017 14:26
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ate all the Oreos posted:I love how most of those boil down to "millennials aren't consuming enough," gee I wonder why that is did you see how millennials are killing manners, something younger generations are never accused of
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Jul 17, 2017 15:46
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It's amazing how we're able to get all that murdering done, considering how lazy we are supposed to be.
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Jul 17, 2017 16:09
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It turns out that Millenials act in their selfish self-interest, just like everyone else. I've never understood complaints about this generation or that generation. It's nothing more than divisive identity politics.
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Jul 17, 2017 16:16
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paragon1 posted:It's amazing how we're able to get all that murdering done, considering how lazy we are supposed to be. I remember seeing an article that broke down most of those "MILLENNIALS ARE KILLING X" claims and found that no actually none of them are true and in most cases whoever wrote it was exaggerating a tiny number (like a 2% drop in sales or something), misrepresenting a business trend that already existed or was outright making poo poo up. Can't wait until I'm old and hateful and angry about GENERATION @#%^ IS KILLING FIDGET SPINNERS or whatever
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Jul 17, 2017 16:18
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LLCoolJD posted:It turns out that Millenials act in their selfish self-interest, just like everyone else. I've never understood complaints about this generation or that generation. It's nothing more than divisive identity politics. Ashens of all people actually had a pretty good analysis, basically it subconsciously signals that you're getting old when you see a trend done by younger people and don't get it, so you have this internal unease as it's reminding you of your mortality and that you're not ~cool~ anymore, and that unease gets back-rationalized into "well it must be bad for actual reasons!"
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Jul 17, 2017 16:20
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LLCoolJD posted:It turns out that Millenials act in their selfish self-interest, just like everyone else. I've never understood complaints about this generation or that generation. It's nothing more than divisive identity politics. So many of these things are age/stage of life dependent. Like loving golf. You don’t get into that poo poo until you’re in your 30’s or later. Oh no, millennials aren’t going to McDonalds! Wait 10 years and they’ll be dragging their kids through the Mickey D’s drive-thru every week. Even the millennial housing apocalypse is starting to wane because, yes they are starting to buy homes. If there’s a real trend it’s that younger people are waiting longer to hit these maturity milestones due to choice or circumstance, but they’ll still reach them. [quote="“paragon1”" post="“474445134”"] It’s amazing how we’re able to get all that murdering done, considering how lazy we are supposed to be. [/quote] Crime rates are down. Millennials are killing the prison industry.
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Jul 17, 2017 16:46
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Krispy Kareem posted:Crime rates are down. Millennials are killing the prison industry. Well part of that is that lead exposure is down
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Jul 17, 2017 17:07
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Haifisch posted:People dumb enough that they have to buy single family housing in the middle of a big city, instead of renting or moving out to the burbs like normal people. the burbs are actually really bad
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Jul 17, 2017 17:12
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canyoneer posted:Well part of that is that lead exposure is down Lead exposure was why Generation X’ers didn’t act like remorseless savages. It wouldn’t have had a significant impact on the next generation. Millennials actually suffer from lead deficiency and are a little bit too chill for their own good. You know, you never hear about how Baby Boomers were the most violent generation, but statistically...
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Jul 17, 2017 17:22
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Krispy Kareem posted:Lead exposure was why Generation X’ers didn’t act like remorseless savages. It wouldn’t have had a significant impact on the next generation. Millennials actually suffer from lead deficiency and are a little bit too chill for their own good. I mean does war count, cuz I'd say the world wars were a bit more violent than baby boomers canyoneer posted:Well part of that is that lead exposure is down I know a lot of people who outright refuse to believe that lead exposure is at the core of the violent crime rate drop despite the mountains of evidence showing it almost perfectly correlates at every scale every single place it's looked at, it just seems too new-age-natural-foods-bullshit-y I guess 
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Jul 17, 2017 17:30
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[quote="“ate all the Oreos”" post="“474447621”"] I mean does war count, cuz I’d say the world wars were a bit more violent than baby boomers [/quote] Baby Boomers were the Me generation and acted more out of individual greed and self interest. Earlier generations appeared to do horrible things as groups in defense of dogma or nationalism. Maybe lead affects self control and judgement, which would certainly explain crime rates in the 70’s and 80’s. It may also explain some of the terrible long term economic choices. and I avoided a derail
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Jul 17, 2017 17:40
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ate all the Oreos posted:I know a lot of people who outright refuse to believe that lead exposure is at the core of the violent crime rate drop despite the mountains of evidence showing it almost perfectly correlates at every scale every single place it's looked at, it just seems too new-age-natural-foods-bullshit-y I guess
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Jul 17, 2017 17:40
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Krispy Kareem posted:
I would also have accepted "That's what happens when you work smarter instead of harder."
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Jul 17, 2017 17:43
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Hoodwinker posted:Whoa, this is a thing? Source on that? I have legitimately never heard this before. I read this super interesting article on Mother Jones about it a few years ago. I can't seem to find the original article but here's one from last year: http://www.motherjones.com/environment/2016/02/lead-exposure-gasoline-crime-increase-children-health/
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Jul 17, 2017 17:48
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Car guys are like an infinite fountain of BWM: https://www.reddit.com/r/personalfinance/comments/6nttha/advice_needed_underwater_on_current_car_sell_or/?st=j58e2nfl&sh=3113cc8a quote:I'd like to think I've always been pretty good with my finances, but I've found myself in an undesirable situation and thought I would seek out other opinions. I'll try to lay out all the details below:
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Jul 17, 2017 17:59
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APRN's IPO is bad with money (unless you did well on options). It's now down to $6 and change. Re: lead exposure and violent crime rates - there is no single explanation. Greater police presence, smarter policing, the flight of more prosperous citizens to less accessible suburbs and enclaves, and ER trauma units saving a greater percentage of patients with gunshot wounds all factor in as well.
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Jul 17, 2017 18:04
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Don’t forget abortion. There are lots of reasons. They all contributed.
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Jul 17, 2017 18:13
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Crime rates correlate neatly with the number of bored young men hanging around in a community, so if we're handing out crimestopper awards I'd like to nominate video games and free porn.Krispy Kareem posted:Don’t forget abortion. That one's a racist Just-So story, please stop spreading it. It falls apart once you look at abortion rates anyway. The number of abortions is tiny compared to the population, so it could only possibly have an effect on crime if you thought that mothers getting abortions were previously birthing children thousands of times more criminal than average. What color might those babies be hmm... Tiny Brontosaurus fucked around with this message at 18:24 on Jul 17, 2017 |
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Jul 17, 2017 18:21
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Krispy Kareem posted:If there’s a real trend it’s that younger people are waiting longer to hit these maturity milestones due to choice or circumstance, but they’ll still reach them. "Waiting longer". Real wage growth hasn't existed in 30 years, while education costs have way outpaced inflation. Millennials are generally able to save less even assuming identical life choices as the generations before them. And this does have a long term impact - for example, getting into a first house later means less time to build equity, with the result that the average millenial's terminal home may be less valuable than a baby boomer's. Over time that can legitimately contract the overall housing market relative to the economy. ate all the Oreos posted:I remember seeing an article that broke down most of those "MILLENNIALS ARE KILLING X" claims and found that no actually none of them are true and in most cases whoever wrote it was exaggerating a tiny number (like a 2% drop in sales or something), misrepresenting a business trend that already existed or was outright making poo poo up. That's just business reporting. If you assume X product or industry will have ~3% growth rates (pop growth + inflation) forever, if the next demographic cohort has different behavior, the result is going to be that the growth goes away or you start seeing incremental drops. Starting from the same place, a generation from now (20 years) the market for something experiencing 3% growth would be 250% larger than something that's slowing 2% per year. These are very significant numbers for long-term investment decisions today by companies involved in that market.
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Jul 17, 2017 18:23
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https://www.reddit.com/r/personalfinance/comments/6nuiq2/my_university_is_suing_me_for_165k/quote:My university is suing me for $16.5K (self.personalfinance) BWM, also doesn't know the meaning of the word "technically."
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Jul 17, 2017 18:32
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[quote="“Tiny Brontosaurus”" post="“474449345”"] That one’s a racist Just-So story, please stop spreading it. It falls apart once you look at abortion rates anyway. The number of abortions is tiny compared to the population, so it could only possibly have an effect on crime if you thought that mothers getting abortions were previously birthing children thousands of times more criminal than average. What color might those babies be hmm... [/quote] It falls apart if you assume abortion is the reason for low crime rates, but it’s still a possible contributor to lower rates. I like it particularly for how it makes both sides of the abortion debate intensely uncomfortable. [quote="“AreWeDrunkYet”" post="“474449459”"] “Waiting longer”. Real wage growth hasn’t existed in 30 years, while education costs have way outpaced inflation. Millennials are generally able to save less even assuming identical life choices as the generations before them. And this does have a long term impact - for example, getting into a first house later means less time to build equity, with the result that the average millenial’s terminal home may be less valuable than a baby boomer’s. Over time that can legitimately contract the overall housing market relative to the economy. [/quote] Which is why I noted circumstance as a reason. Housing was going to contract anyway because population growth is slowing. And pushing these milestones back has an impact, but younger people will work longer than their Boomer parents (both by choice and circumstance). Longer earning periods will counteract some of those delays. There are going to be all kinds of crazy demographic changes. I’ve been researching what I’ll have to do with all my mom’s poo poo when she dies and apparently that’s a real problem for kids because no one wants big heavy oak furnishings anymore and executors are having to pay people to haul away perfectly good stuff because there’s no secondary market. Younger people are definitely going to be more minimalistic than their parents, but they will still eventually get married, have babies, eat cheap fast food, play golf, and buy homes. Just not as often.
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Jul 17, 2017 18:41
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This isn't terribly exciting but I just took a trip with a friend and she let it drop that she doesn't trust any banks (after wells fargo did their assorted bullshit on her) and instead pay $6 every week to get her paycheck cashed and put on a prepaid visa card.  She gets like 15 hours a week and works at a grocery store in the bakery. Wonders how anyone can afford anything in town.
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Jul 17, 2017 18:46
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My coworker streams Netflix on her (not unlimited) phone data on lunch break every day rather than connecting to the company Wi-Fi because "they'll steal her information."
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Jul 17, 2017 18:46
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Yawgmoth posted:This isn't terribly exciting but I just took a trip with a friend and she let it drop that she doesn't trust any banks (after wells fargo did their assorted bullshit on her) and instead pay $6 every week to get her paycheck cashed and put on a prepaid visa card. Those visa cards are an abomination
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Jul 17, 2017 19:02
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Krispy Kareem posted:There are going to be all kinds of crazy demographic changes. I’ve been researching what I’ll have to do with all my mom’s poo poo when she dies and apparently that’s a real problem for kids because no one wants big heavy oak furnishings anymore and executors are having to pay people to haul away perfectly good stuff because there’s no secondary market. Younger people are definitely going to be more minimalistic than their parents, but they will still eventually get married, have babies, eat cheap fast food, play golf, and buy homes. Just not as often. I think that's the key takeaway here. Especially when you extend these trends out 20 years or more, the (often minor seeming) changes in demographics and purchasing decisions by those demographics are going to result in significant disruptions to the economy. Take probably the dumbest of the lot, "millennials are killing paper napkins". On its face that line is just dripping with idiocy, but it's actually not that far from the truth. Changes in how people are eating, especially in younger cohorts, are resulting in people not using napkins or substituting them with paper towels. The drop in sales to date may be a few percent per year for a few years, but extrapolate that out and the result is that the market for paper napkins will be much smaller a generation from now - or at the very least there's not going to be any growth to take advantage of in that market. If you're running a paper products company, these single digit changes in growth rates can reasonably lead to changes in where you invest R&D, marketing, etc. Very quickly, your paper napkins division is just keeping the lights on while paper towels see additional investment. And just like that, paper napkins are "dead" even as the market for them continues to lumber on and slowly wither.
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Jul 17, 2017 19:04
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Krispy Kareem posted:It falls apart if you assume abortion is the reason for low crime rates, but it’s still a possible contributor to lower rates. It's a racist Just-So story, please stop spreading it. It's cool that you like how racism makes people uncomfortable, but please stop. BWM: A $900/mo gym run by someone with "no certification in fields like physiology or teaching" Tracy Anderson Gym Opens in NYC quote:The five-foot-tall trainer has also spoken out actively against women lifting heavy weights, for fear of ruining their feminine figures. Tiny Brontosaurus fucked around with this message at 19:16 on Jul 17, 2017 |
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Jul 17, 2017 19:10
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AreWeDrunkYet posted:I think that's the key takeaway here. Especially when you extend these trends out 20 years or more, the (often minor seeming) changes in demographics and purchasing decisions by those demographics are going to result in significant disruptions to the economy. this is the salutory thing about capitalism, in that the rate of profit decreases, and often by a lot, but it doesn't work salutorily in practice because the accumulated capital doesn't get redistributed after it does its useful work. that latter fact is why the koch brothers can do anything, having inherited billions of daddy's money. same deal with orange man
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Jul 17, 2017 19:19
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April posted:Car guys are like an infinite fountain of BWM: tesla people are not car guys
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Jul 17, 2017 19:31
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Tiny Brontosaurus posted:It's a racist Just-So story, please stop spreading it. It's cool that you like how racism makes people uncomfortable, but please stop. Actually, I would say that abortion is related to lower crime rates compared to before 1973.
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Jul 17, 2017 19:53
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Tiny Brontosaurus posted:Crime rates correlate neatly with the number of bored young men hanging around in a community, so if we're handing out crimestopper awards I'd like to nominate video games and free porn. Don't forget Mr Air Conditioner! Crime rates always go through the roof in hot weather due to tempers flaring. Our good chilly friend means that you can get inside and cool off, instead of hanging round on street corners with your friends because indoors is an oven.
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Jul 17, 2017 20:07
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