Proposed solution for young people: the anti-Boomer lifestyle

[Michael in ABQ]

Maybe the US should stop electing so many old old politicians?   ;-)

People can complain all they want about Trudeau and Singh and Poilievre and Ford and Smith, but at least they aren't complaining about Boomers.

That would be nice but a bug of our system is the longer you stick around the more political power you gain. Also, incumbents virtually always win re-election. Combine those two things and it's no wonder we're run by a gerontocracy.

[Ron Scott]

Look at Dave Ramsey Massive platform and following, has some good basic info, but also doles out extremely questionable, ideologically biased, and mathematically unsupportable advice

But at least this is a clown that can be ignored right?

[getsorted]

Look at Dave Ramsey Massive platform and following, has some good basic info, but also doles out extremely questionable, ideologically biased, and mathematically unsupportable advice

But at least this is a clown that can be ignored right?

I know a lot of intelligent people who followed his advice even when it cost them a lot to do so. If you don't have any framework for evaluating that kind of information (and let's be honest, 95% of Americans don't), it's easy to get snagged by it.

[Ron Scott]

As a very small example..

Last month myself and a group of other managers interviewed 4 soon to be college grad engineers. All with normal GPA’s and decent internship experiences. Typical engineering degrees - Mechanical/Electrical.

I work for a global industrial company at a pretty decent spot in the Fortune 500. We have an amazing culture, worklife balance (3 days/wk remote), insane benefits, etc. We’re pretty progressive in carbon reduction and recycling, which should particularly resonate with the younger generations.

We sent job offers to 3 of the 4 interns. The offer was about $100k starting salary, good sign on bonus, annual bonus, and relocation.

All 3 engineers declined, citing better offers elsewhere..

I don’t think all new college grads are struggling.. I wonder how common this situation is..

According to the Federal Reserve Bank of New York, the latest unemployment rate for recent graduates (2023) is 4.4%, which is higher than the overall unemployment rate (3.7%) and nearly double the rate for all workers with a college degree (2.2%).

STEM grads have a much easier time of it and I assume this will continue for some time as the economy values science and tech more than ever.