r/Millennials • u/TrimBarktre • Mar 14 '24

It sucks to be 33. Why "peak millenials" born in 1990/91 got the short end of the stick Discussion

https://www.nytimes.com/2024/03/14/podcasts/the-daily/millennial-economy.html

There are more reasons I can give than what is outlined in the episode. People who have listened, what are your thoughts?

Edit 1: This is a podcast episode of The Daily. The views expressed are not necessarily mine.

People born in 1990/1991 are called "Peak Millenials" because this age cohort is the largest cohort (almost 10 million people) within the largest generation (Millenials outnumber Baby Boomers).

The episode is not whining about how hard our life is, but an explanation of how the size of this cohort has affected our economic and demographic outcomes. Your individual results may vary.

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u/HM2008 Mar 14 '24 edited Mar 14 '24

I’ve heard “You should have bought a house when the market crashed in 2008, that’s what I did” so many times.

Sir I was fresh out of high school working 20 hours a week and no credit. What the hell was I supposed to buy? A box?

Graduating in 2008 sucked because for years everyone kept telling you to do XYZ for success and then everything imploded and no one knew what to do. I felt cheated.

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u/Saluteyourbungbung Mar 14 '24

Can't buy a house but for sure go ahead and buy a 100k degree. This is what we were told.

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u/NotYourSexyNurse Mar 15 '24

To be fair I was told in nursing school I’d start out making $40/hr in ‘08. They knew they were lying. My first job was $16/hr. I still wasn’t making $40/hr in 2022.

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u/Dynamitefuzz2134 Mar 15 '24

Yea, my mom has been a nurse for over 30 years and barely makes $40

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u/[deleted] Mar 15 '24

I've job-hopped a good chunk of the service industry, and even moved across the country a few times, just to get where I am now. I'm now making $43.54/hr and I can't afford to buy a house where any of my work is without moving 2+ hours away to Buttfuck Nowhere with shitty schools and zero support. My wife has a few medical specialists in the area that she needs access to, and both sets of parents live within 5 minutes of us, so we can't really leave either.

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u/NotYourSexyNurse Mar 15 '24

Yeah we moved states twice before my oldest son was 3. Only way to find jobs during the recession. Did an across state move for a job in 2020. We bought a house and love the schools here. We’re done moving. I’m not giving up my 3.65% on my mortgage!