Eat the rich! Why millennials and generation Z have turned their backs on capitalism

[DGUtley]

I never lived in a "ghetto", but my hubby and I rented in a lot of working class neighborhoods before buying a house and I lived through those inflationary times with high interest rates as well. We did without a car for about 8 years until we moved out to a rental in the suburbs and you couldn't get around without one. We bought our house when typical interest rates were running around 15% and that was down from the all-time highs of around 19%. Mortgage rates were only a point or two less. The difference was back then, if you had savings or bonds, you were making money. You could also quit a job and have another one within a week. At any rate, I'd wouldn't trade the working decades that my generation enjoyed for those that Millennials and now Gen Z are facing.

We left the ghetto when we were broken into and cleaned out two weeks before Christmas - and the detective told me: 'they'll be back'. Neither you nor I sought to change the system, we redoubled our efforts and didn't whine about it. Now, they want to change the system.

[Dr. Who]

We left the ghetto when we were broken into and cleaned out two weeks before Christmas - and the detective told me: 'they'll be back'. Neither you nor I sought to change the system, we redoubled our efforts and didn't whine about it. Now, they want to change the system.

I think they want to change the system because the system no longer works for the people, it works for the big corporations.

"At the start of 2020, 37% of Americans younger than 35 owned a home, compared to 64% of Americans under 35 in 1989. The marriage rate decreased to half of US adults in 2017 from 72% in 1960. In 2019, the US birthrate hit a record low in 35 years as more women delayed childbearing until their 30s.

[...]

The Great Recession threw millennials into a blighted job market, kneecapping their ability to build wealth. A 2018 Federal Reserve study and 2019 Deloitte study both found they're financially behind previous generations at similar ages.
The issue of student debt "threw a giant monkey wrench into the works," Samuel said. Millennials were sold on the promise that a college education would guarantee a good job, only to find that some starting salaries wouldn't cover monthly loan payments.

[...]

Soaring living costs haven't helped. Starter homes are scarce, and the median price of home sales has increased by 39% since 1974. That's not to mention that health insurance and childcare are more expensive than ever."
Millennials Aren't Killing the American Dream. They're Reviving It. (businessinsider.com)

Millennial Generation: Information on the Economic Status of Millennial Households Compared to Previous Generations | U.S. GAO

Whether it’s homes or jobs, our dreams are moving further out of reach every year - NewsBreak

[PJL]

No. Your unrelenting support for the CCP and other totalitarian regimes while fabricating falsehoods against the United States makes my label correct.

What I abhor most of all , is what the US does these days.....it's disgusting and it's immoral , and on an overall human rights point of view , China is way better than America......yet you pretenders and delusional infidels still insist that you're some mystical moral beacon that world needs to follow......sheesh !

[PJL]

Unfortunately, SCOTUS has ruled that corporations are people. But even without that, a single representative of a corporation could lobby congress to the same effect.

.....and therein lies the problem . Corporations owe no allegiance to anything but the bottom line on a balance sheet . They care not who dies , who gets sick , who starves to death or who gets burnt alive . They are oblivious to wars , acts of genocide or cruelty of the worst kind to people , the environment or the air we breath and the water we drink . They are ruining the only world we have . They are a malignant cancer that needs to be removed from this world , so people can start to live again .....breath again .