2 ms·
> They have endured 2 major, years long recessions, What are these recessions? I'm an "elder millennial" and the .com bust came while I was in high school. E
by mywittyname 6y ago
> They have endured 2 major, years long recessions,
What are these recessions? I'm an "elder millennial" and the .com bust came while I was in high school. Even entering the job force with a two year degree, I graduated well after it was over. Leaving, the GFC and our current one, but our current one isn't years long...yet.
The GFC was definitely a fucking mess for all of us. I have literally never had a real promotion and it wasn't until like five jobs in that I learned about annual cost of living adjustments. I still don't have a "senior" title despite having worked in industry for 15 years...
I feel like GenX got the biggest shaft. They graduated in the 80s-90s into an economy where unions were in decline and Asia had come into manufacturing dominance. Saw a brief boom in the 90s, only to have numerous accounting scandals destroy any investments they managed to save during that era. Went through the housing boom/bust, then were in their mid careers by the time the GFC hit. Now they are in their 50s/60s with a pandemic and another recession landing, and this recession looks to be inflationary, which means any savings they had is going to get eaten away.