Posted 5 years ago on Oct. 22, 2014, 11:35 a.m. EST by elf3
This content is user submitted and not an official statement
-gen x really is the forgotten generation...we skipped college altogether and most who went didn't finish because financial aid wasn't keeping up with inflation they would get approved one year for a certain amount and the next year they got told to go get stuffed and were dropped by the schools for lack of payment.
Now we are trying to get work competing with millenials who weren't daunted by the cost, because - they want what they want now- and don't think consequences plus by then their parents made out huge from the housing boom and had massive equity to borrow against and had seen genx failing to thrive from what they thought a lack of degrees (but was really outsourcing forging its takehold) we were getting laid off more often than boomers- in those days layoffs went bottum up. So...they put their eggs into the millenial basket knowing someone will have to help with their retirement cuz they knew they were going to spend it all on toys and remodeling their kitchens a tenth time ( want what they want now- ala cabbage patch dolls) and they assumed their gen x kids were sensitive slacker fuck ups and would instill greed and ruthlessness and if need be degrees into their millenial kids- by god!
Gen x didn't have college funds either because our parents thought we could get good paying factory jobs or work our way up company ladders like they did. We are stuck in our late thirties in dead end jobs: degreeless, childless, and trying to start from scratch. By the time I reach retirement age my kids will be going to college except I still don't have any retirement or a child college fund going (god know what it will be by the time my kids go if i can ever afford to have any) since I still can't get a foothold in this ever growing corporate give me meets government grab economy. Should I go to college now? Should I have kids now? By the time my loans are paid off I will supposed to be retiring and my kids will be going to college and yeah in the interim my spouse's and my parents (who never planned or saved as most boomers) will need our help living. What a fucking conundrum...huh? Oh yes at my age I'm not in any bracket or demographic that qualifies for government help or backing so my interest will be 10 percent if I can even qualify for a student loan because my income is so stagnated and small compared to the cost of living...I call it the get stuffed ratio. Not to mention most evening credit courses in community colleges went bye bye to make way for single mothers hours accomodations... Complete with on site daycare centers. The fed loves single mothers.
Worse by far boomers are all doing reverse mortgages to live...our generations are going to have to fund the largest retirement generation yet as well as bail out all the unpaid nursing bills. Instead of selling homes and opening up the market to the younger folks - they have sold them off to banks...where is all of that going to lead? That generation is taking our whole economy to the grave with themselves. Its really unfathomable ...a generation that could have changed the world...stole the ball, sold it to corporate america, and retired to the song 'lust for life' while watching the ensuing dodgeball game their kids will have to play...jeering at us that we don't have the smarts or gumption not to get slammed or too lazy to grab the ball and run away with it like they were able to. We are generation fucked! And have sacrificed our whole lives and productive years so boomers can have it all (and sell it to wallstreet for extra).