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Huffington / Generation X has suffered massive loss of Wealth
Those born between 1966 and 1975, belonging to Generation X (1964 and 1980), lost more than 55 percent of their net worth from 2001 to 2010, according to data released by the Fed
in June 2012
some epic timing, to be sure. not only was gen x right in the prime home buying years, but they were also young enough to be investing more aggressively than boomers wrt the stock market. same thing applies to the tech bubble. i'm sure many gen x'ers took a right cross to the jaw in 2000 with the nasdaq collapse, then got a knee to the groin in 2008. and it gets worse! gen x is a sandwich generation between boomers and echo boomers. the boomers took a hit too, so they will be hanging onto their higher level jobs with a death grip unlike any we've seen. then to top it all off, when and if gen x'ers DO get a taste of life at the top of the corporate ladder, hordes of hungry echo boomers will be right on our heels, peeling our fingers back, making us let go, and tossing us into the street in our 60s. and by that time, any ss/medicare benefits that exist will kick in at like 72+.
Bicent76
The teachers are letting them use calculators now... They do not even use text books, its all on a computer monitor anyhow that is another thread..
kosmicjack
The Boomer replies to this thread are classic! LOL! Comedy gold and mostly support the thesis of the article.
Xers can't even pause to commiserate with each other without Boomers chiming in and trying to out-do. Yeah, yeah, yeah, we've heard it all before the Beatles were the greatest band EVAH!, Reagan was a God and you all had to walk five miles, up-hill, in the snow to get to school.
The funny thing is, all the crap that is currently wrong and that Boomers enjoy complaining about (mostly via chronic, rage-filled, paranoid, delusional e-mail forwards to each other and their long-suffering children LOL!) are directly due to the lifestyles, administrations, policies and politics of their OWN generation. It's downright laughable and ridiculous.
But, as iterated in the article, Gen X is too busy coping and persevering to really entertain the pity party of our parents.
Cue Gen Y showing up and declaring us all woefully unhip and out-of-touch and asking to borrow a few bucks.
Bluesma
Well, as an X Gen, I relate.
I don't know where all these entitlement accusations come from in these replies- me and my entourage were repeatedly taught that we do not deserve anything, and never will have anything, because we're a bunch of demon spawn that ruined our parents precious freedom by being born. We got it.
I think that is the point. There's really no reason to keep repeating it.
Now we need to do research and studies to prove "this generation is f*cked." ?
Where the heck you been man? That's like, old news, dude. DUH.