{"id":43157,"date":"2020-08-08T19:28:00","date_gmt":"2020-08-08T16:28:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/why-millennials-distaste-for-baby-boomers-is-justified\/"},"modified":"2020-08-08T19:28:00","modified_gmt":"2020-08-08T16:28:00","slug":"why-millennials-distaste-for-baby-boomers-is-justified","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/why-millennials-distaste-for-baby-boomers-is-justified\/","title":{"rendered":"#Why millennials\u2019 distaste for Baby Boomers is justified"},"content":{"rendered":"

“#Why millennials\u2019 distaste for Baby Boomers is justified<\/strong>”<\/p>\n

\n The phrase \u201cOK Boomer\u201d is perceived \u2014 and often intended \u2014 as a cross-generational dismissal, a way for young people to snipe: \u201cNever listen to anyone over 50.\u201d<\/p>\n

But millennial journalist Jill Filipovic, author of the new book, \u201cOK Boomer, Let\u2019s Talk: How My Generation Got Left Behind\u201d (One Signal Publishers\/Atria), out Tuesday, claims the phrase is more a form of defense than offense.<\/p>\n

\u201c \u2018OK Boomer\u2019 is more than just an imperious insult,\u201d she writes. \u201cIt\u2019s frustrated millennial shorthand for the ways the same people who created so many of our problems now pin the blame on us.\u201d<\/p>\n

In the book, Filipovic takes us through numerous areas of modern life, explaining through statistics and personal stories why millennials \u2014 those born between 1980-1996, who make up the nation\u2019s largest age group \u2014 face tougher economic challenges than their parents\u2019 generation \u2014 the baby boomers, born between 1946-1964.<\/p>\n

\u201cMillennials have faced unique hardships that set our generation apart,\u201d Filipovic writes. \u201cWe\u2019re only now starting to grasp the degree to which we have gotten screwed. And we\u2019re responding with desperation and sometimes anger. That\u2019s where \u2018OK Boomer\u2019 comes from: It\u2019s a final, frustrated dismissal from people suffering years of political and economic neglect.\u201d<\/p>\n

\"Baby<\/img>
Baby boomers have benefited from the Higher Education Act, retirement plans and home ownership, while many millennials have missed out.<\/span>Shutterstock\/wavebreakmedia<\/a><\/span><\/figcaption><\/figure>\n

While the oldest millennial is now 40 years old, Filipovic notes that this generation remains underrepresented in our government.<\/p>\n

\u201cNearly 80 percent of senators and two-thirds of the US House of Representatives are 55 or older. Just 7\u2009percent of representatives in Congress are millennials. There is not a single millennial in the US Senate.<\/p>\n

\u201cBoomers, well into their sixties and seventies, retain significant control over American politics. Millennials haven\u2019t enjoyed our fair share of political influence, which means we haven\u2019t seen the kind of investments we need. And boomers aren\u2019t loosening their grip anytime soon.\u201d<\/p>\n

Much of Filipovic\u2019s book illustrates how wealth disparity between the generations is ever-increasing.<\/p>\n

\u201cMillennials make up close to a quarter of the US population, but hold just 3 percent of the wealth,\u201d she writes. \u201cWhen boomers were our age, they held 21 percent.\u201d<\/p>\n

One cause of this is the cost of higher education: Millennials face private education costs 300 percent higher than boomers did, and around 1 in 10 millennials carries student loan debt in the six-figure range. By comparison, she writes that \u201cwhen the average boomer was a young thirty-something, their educational debts amounted to just $2,300 in today\u2019s dollars.\u201d<\/p>\n

\"High<\/img>
High student debt, low millennial earnings and the 2008 recession may have contributed to millennials\u2019 empty pockets.<\/span><\/figcaption><\/figure>\n

She notes that Ronald Reagan, \u201cthe first boomer-elected president,\u201d helped cause this crisis by slashing the Higher Education Act, which had made it easier for students to qualify for and receive need-based aid.<\/p>\n

As a result, most students became dependent on loans \u2014 and this, combined with greater tuition costs, helped spur the financial crisis they\u2019re in today.<\/p>\n

\u201cBoomer households today are worth 12 times as much as millennial ones,\u201d Filipovic writes. \u201cThe average millennial is worth just $8,000 \u2014 less than adults of any generation in three decades.\u201d<\/p>\n

And as millennials\u2019 educational costs have exploded, their job opportunities have dried up, she writes.<\/p>\n

\u201cBoomers were the last generation to enter a job market offering living-wage blue-collar work. In Rust Belt towns, even in the mid-1960s, you could graduate high school straight into a factory job that would keep a nuclear family afloat,\u201d Filipovic writes, citing the nationwide closures of factories and mines, the source of \u201cAmerica\u2019s last well-paying blue-collar jobs,\u201d as one cause for these job losses.<\/p>\n

As a result, millennial earnings have plunged compared to previous generations. Adjusted to 2016 dollars, boomer households led by a male breadwinner averaged $56,100 in annual income in 1978, while comparable millennial households, at the same age, made just $49,500 in 2014. Overall, boomer households in this demographic were just $10,000 behind the national average, while millennial households in the same cohort were closer to $25,000 behind the average.<\/p>\n

The 2008 recession further compounded the problem.<\/p>\n

\u201cThe shock of unemployment translated into a 7 percent loss of earnings for baby boomers. Millennials lost nearly double that amount,\u201d she writes. \u201cAnd boomers saw significant recovery afterward. By 2010, their losses had already shrunk by 65 percent. Millennials didn\u2019t see a comparable bounce back \u2026 [due to] limited employment histories, little to no savings, and a vanishing social safety net.\u201d<\/p>\n

\"Millennials<\/img>
Millennials may be the most depressed 30-somethings in American history.<\/span>Getty Images\/Tetra images RF<\/span><\/figcaption><\/figure>\n

On top of all this, millennials also lack the wealth-building benefits boomers came to expect, especially since companies began slashing employee perks after the 2008 recession. A Pew Research Center analysis found that \u201cwhile nearly 70 percent of working boomers had access to employer-sponsored retirement plans in 2012, more than 40 percent of working millennials aren\u2019t eligible to participate in retirement plans \u2014 because their company doesn\u2019t offer one, because they work too few hours to qualify, or because they haven\u2019t been employed long enough.\u201d<\/p>\n

At the same time, owning a home has become increasingly out of reach for most millennials.<\/p>\n

\u201cThe cost to build homes has increased so much since the [2008 financial] crisis, it\u2019s more difficult for millennials to find affordable homes,\u201d Jung Hyun Choi, a research associate with the Housing Finance Policy Center at the Urban Institute, says in the book.<\/p>\n

As builders began focusing on more expensive projects, there were \u201csimply fewer affordable starter homes to go around, making all of them more expensive,\u201d Filipovic writes.<\/p>\n

When coupled with deflated incomes, fledgling millennial homeowners have paid \u201calmost 40 percent more for their first homes than boomers did.\u201d<\/p>\n

Rents, too, have climbed: \u201cIn 1970, the median monthly rent in the United States was a little more than $600 a month, in 2019 dollars,\u201d Filipovic writes. \u201cBy 2019, it had doubled, to more than $1,300 a month.\u201d<\/p>\n

When boomers were 34 years old, close to half of them owned homes, according to Filipovic, but for millennials at the same age, that figure is only 37 percent.<\/p>\n

Because of all this, millennials are \u201cless likely to own a home than any previous cohort except the Greatest Generation, who came of age at the close of the Great Depression,\u201d she writes.<\/p>\n

In the meantime, Filipovic argues that technology<\/a> has exacerbated millennial woes. While every generation sees tech advancements over their lifetime, today\u2019s changes are more disruptive and pernicious than unifying and hopeful.<\/p>\n

\"Advances<\/img>
Boomers like to label millennials as \u201cself-involved,\u201d but the older generation was once accused of being the same in their youth.<\/span>Getty Images<\/span><\/figcaption><\/figure>\n

\u201cWhile boomers also grew up in an era of rapid technological advancement, the innovations of their time came with a sense of wonder and optimism: From the dawn of color television to the space race to the invention of the microwave oven, boomer childhoods were marked by advances that promised better futures, and these discoveries often delivered,\u201d she writes.<\/p>\n

\u201cMillennials, on the other hand, have seen the great promises of digital technology and connection quickly turn sinister.\u201d<\/p>\n

Filipovic notes how the promise of a smarter, better-informed populace thanks to the Internet has \u201cbeen thoroughly dashed as bad actors have exploited these tools for personal gain,\u201d resulting in increased bullying, misinformation and \u201cthe weaponization of rhetoric that fuels bigotry, violence, slaughter and ethnic cleansing.\u201d<\/p>\n

\u2018The average millennial is worth just $8,000.\u2019<\/p>\n

\u00a0–\u00a0millennial journalist and author Jill Filipovic<\/span><\/p><\/blockquote>\n

And despite social media\u2019s ability to connect us, millennials \u2014 the \u201cheaviest adult social media users\u201d \u2014 are a lonely generation.<\/p>\n

\u201cTwenty-two percent of millennials, but just 14 percent of Gen Xers and 9 percent of boomers, listed the number of friends they have as zero,\u201d Filipovic writes.<\/p>\n

\u201cWhen [around] a quarter of millennials say they don\u2019t have a single acquaintance beyond their family members or their partner \u2014 not even friends, acquaintances \u2014 you have to wonder what\u2019s going on. Not even one in 10 boomers says the same.\u201d<\/p>\n

Possibly as a result, millennials are more likely to suffer from depression than older generations.<\/p>\n

\u201cOlder millennials may be the most depressed thirty-somethings in American history,\u201d Filipovic writes, noting that due to a larger incidence of drug overdoses and suicides, millennials have a mortality rate 20 percent higher than Gen Xers at the same age.<\/p>\n

\u201cA Blue Cross Blue Shield analysis of health data found that we are significantly more likely to suffer from a major depressive disorder than Gen Xers were in their mid-thirties.\u201d<\/p>\n

\"Advances<\/img>
Millennials have seen technological advances have a disruptive and pernicious effect on society, while boomers saw progress that was unifying and hopeful, says millennial journalist Jill Filipovic.<\/span><\/figcaption><\/figure>\n

To compound the problem, millennials are also less likely to be insured. \u201cOne in five millennials struggling with major depression \u2014 a condition that can shave nearly a decade off one\u2019s life \u2014 goes without treatment,\u201d Filipovic writes. \u201cAnd 85 percent of people with depression are also struggling with at least one serious additional issue, whether substance abuse or chronic hypertension or Type 2 diabetes or a range of other afflictions.\u201d<\/p>\n

\u201cOlder millennials report higher rates of substance abuse, high blood pressure, Crohn\u2019s disease and colitis, and higher cholesterol than Gen Xers did at the same age. By contrast, baby boomers are the longest-living generation in American history.\u201d<\/p>\n

Despite all their struggles, there is one area in which millennials might enjoy an advantage over their boomer predecessors: love and marriage.<\/p>\n

While millennials marry later on average \u2014 almost 40 percent of boomers were married by age 30, but only 20 percent of millennials were \u2014 their unions are general<\/a>ly more stable than boomers\u2019.<\/p>\n

\u201cIf anything really sets boomer marriages apart, it\u2019s divorce \u2014 they do a lot of it,\u201d Filipovic writes.<\/p>\n

\"\"<\/img><\/p>\n

\u201cOlder boomers brought the nation a glut of divorce in the 1970s and a national divorce rate that peaked in 1980. While younger generations of Americans divorce less often, boomers just keep splitting up into middle and even old age,\u201d she writes.<\/p>\n

Filipovic claims that the rise in equal rights has helped deter divorce among millennials.<\/p>\n

\u201cMillennials have made marriage more egalitarian and more stable,\u201d she writes. \u201cWe are more open-minded and more likely to seek love across racial and religious lines \u2026 Millennials are also the first generation in America to hit the average marriage age with the right to marry a person of any gender.\u201d<\/p>\n

Millennials are also healthier than other generations when it comes to sexual health.<\/p>\n

\u201cAccording to psychology professor Jean Twenge\u2019s study on sexual behavior, we have fewer sexual partners (eight on average) than our Gen\u2009X predecessors (10), and fewer than our Boomer parents (11). We have far fewer unintended pregnancies, births, abortions and sexually transmitted infections than the generation before us, and as we reached adulthood, rates of unplanned pregnancies hit 30-year lows.\u201d<\/p>\n

In short, Filipovic argues, millennials have been unfairly stigmatized as coddled snowflakes whose participation trophies have left them unable to face reality. In fact, they\u2019re simply misunderstood, while also facing the very same criticisms once lobbied at the boomers.<\/p>\n

\u201cThroughout the 1960s, \u201970s and \u201980s, writer after writer eviscerated baby boomers as a generation of self-absorbed navel gazers, infatuated with self-discovery and, primarily, themselves,\u201d she writes.<\/p>\n

\u201cI present this not to paint the generation with a broad brush but to say that perceptions of change are remarkably cyclical. Every generation looks at the young and chafes at the idea that they are doing things differently,\u201d she concludes. \u201cEvery generation seems to have a particular kind of amnesia and forgets that they, too, were once the kids-doing-it-wrong.\u201d\n <\/p><\/div>\n

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If you want to read more Living News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n

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“#Why millennials\u2019 distaste for Baby Boomers is justified” The phrase \u201cOK Boomer\u201d is perceived \u2014 and often intended \u2014 as a cross-generational dismissal, a way for young people to snipe: \u201cNever listen to anyone over 50.\u201d But millennial journalist Jill Filipovic, author of the new book, \u201cOK Boomer, Let\u2019s Talk: How My Generation Got Left…<\/p>\n","protected":false},"author":1,"featured_media":43158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[50771],"class_list":["post-43157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-why-millennials-distaste-for-baby-boomers-is-justified"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/43157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=43157"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/43157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/43158"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=43157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=43157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=43157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}