The business section of this morning's Chicago Tribune had an interesting article that compares the financial situation of millennials with that of their boomer parents. While the article is geared to personal stories, the numbers appear to be real, and to me, disturbing.
Though we're from the silent generation, looking back at when we were in our twenties, the economy was promising, and afforded us a decent salary as well as an affordable lifestyle. Perhaps, even more than that, a bright outlook for the future.
The dollar differences, while shown on an annual basis are wide enough, but the lower income in today's economy does not augur well for building a financial base for the future.
Shareholder value is a business term, sometimes phrased as
shareholder value maximization or as the shareholder value model, which implies that the ultimate measure of a company's success is the extent to which it enriches shareholders.
In a nutshell this greedy business school excuse to squeeze workers both white collar and blue collar again and again has destroyed the American standard of living over the last 30 to 40 years.
The millennial generation is just getting killed by corporate greed. Pay a damn living wage corporate America!
Thank God wages cannot go any lower.
Except in the Southern states!
We have hit the bottom.
And please old timers in this community please don't tell stories about big boy pants and walking 10 miles to school.
Seriously, don't compare your decade to 2017.
And yes I am old enough to probably be an old timer and I humble myself everyday when I look at my portfolio balance. But I am just lucky.
