Damn funny story. The Millenials who blah blah all day long about saving the whales/planet/oceans/sky and racism/Islamaphobia/corporate greed etc. etc. etc. can’t be bothered to risk their own money to address same.
Hmmm. This tracks with every study that indicates religious conservatives give more time and money to charity than do secular people.
The public workers unions in California hammered CALPERs, the big investment fund for public sector retirement assets. Why? Because the Socially Conscious investment returns for CALPER’s were low. Now, who would have guessed that when the retirement interests of the workers were made secondary to some liberal do-gooders cause of the month that investment returns would suffer?
Now, back on TV, the non-stop liberal lecture about how righteous they are continues . . .
Who crapped in your cereal this morning, Craig? You seem to have such a bitter view on life and people that I wonder how you make it through the day. I’m not a millennial, but I do think people are generally good people, regardless of whether they are millennials, religious conservatives, liberals, moderates, democrats or republicans. Instead of demonizing whole classes of people, maybe you should step back and try to see a bigger picture through a wider lens than Fox News talking points. You may have valid points, but no one should take you seriously when you use such grand generalizations.
The ‘attack’ on (i.e. ‘criticism of’ per common interpretation) large swaths of people is justified for their illogical, feelings based actions to censor opinions and modify investment portfolios for political reasons.
They deleted my direct reply to your comments, even though I made no insulting comments, and even though my comments were on point.
1. “Crapped in your cereal”. How is your comment not deleted on that repulsive comment alone?
2. “Bitter” I am not bitter at all, if you knew me. But I find the hypocrisy of Millenials quite amusing. They preach about Social Justice all the time but they don’t act on it with either their money or their time. (Don’t you find that amusing?)
3. The headline was about Millenials. A whole class of people slammed by Insurance Journal. Where is your outrage? I simply responded to the Insurance Journal article. Blame them, Big Boy.
4. “Fox News”. (Free Tip: when people make a Fox News slam, it denotes a weak mind.)
5. I have Valid Points, you say. So, what’s your beef, exactly?
If you can’t come up with something more creative than ‘Fox News talking points’, ask for help for your text. The points Craig made were in regard to a subset of millenials who act as Social Justice Warriors due to their big egos. Re-read Craig’s initial post, which I re-posted for your benefit.
Craig Said (but it was censored by Libs who can’t stand rejection of their ideas):
Damn funny story. The Millenials who blah blah all day long about saving the whales/planet/oceans/sky and racism/Islamaphobia/corporate greed etc. etc. etc. can’t be bothered to risk their own money to address same.
Hmmm. This tracks with every study that indicates religious conservatives give more time and money to charity than do secular people.
The public workers unions in California hammered CALPERs, the big investment fund for public sector retirement assets. Why? Because the Socially Conscious investment returns for CALPER’s were low. Now, who would have guessed that when the retirement interests of the workers were made secondary to some liberal do-gooders cause of the month that investment returns would suffer?
Now, back on TV, the non-stop liberal lecture about how righteous they are continues . . .
Most immigrants who come to America have far, far less money than do the average Millenial. Someone making $40,000. in America is in the top 5% of income earners in the whole world.
And immigrants famously save, save, save despite their low incomes.
Giving up a latte or craft brew once in a while and making an investment builds up. Go read “The Millionaire Next Door”. They are the people driving 7 year old cars, never spending money on concerts, going on camping vacations and living in modest housing in order to save and invest.
Just like generations before you did if they wanted to build wealth . . .
July 30, 2019 at 4:44 pm
Rosenblatt says:
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Not surprisingly, I have to disagree with you Craig. My parents and their parents (1st generation to emigrate) were both able to have a single income family, own their own homes and put multiple children through higher education all while saving and investing and having SOME disposable income. Nowadays, you’re lucky if you can afford a mortgage with dual incomes and no children. I am not blaming one generation over another, but times have changed.
While the cost of living and cost of college has increased significantly, wages after inflation have barely budged over the last 44 years. It’s easy to save when you’re paid in line with what goods and services actually cost, instead of seeing those costs rise year after year and increasing wages due to inflation has not kept pace.
Whining isn’t pretty. What you describe applies to blue collar workers to a large degree when it comes to wages (which are now rising under Trump, YAY!).
But this is Insurance Journal, where most have some college and none of the readers are working in blue collar jobs.
And all your liberal talking points about wages applies to blue collar workers, not insurance workers, and also completely misses the fact that technology and globalization has made everything MUCH cheaper. China screws us at every turn except when it comes to lowering prices.
And your phone has computing power greater than NASA of 50 years ago, with software tools making almost everything cheaper and faster.
(Example one of a thousand: think of just the time savings shopping on the internet instead of driving around to different stores looking for what you need. What is that worth?)
And everyone’s standard of living has gone up as a result.
July 30, 2019 at 6:19 pm
Rosenblatt says:
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I stopped reading after your unprovoked ad-hominem attack.
July 30, 2019 at 6:22 pm
Craig Cornell says:
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You were whining. That’s not an Ad Hominem attack, because I didn’t say you are ALWAYS a whiner or had some personal defect. Just that you were whining right now. Which was true.
July 31, 2019 at 12:29 pm
Rosenblatt says:
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I’m just going to leave this here….
ad hominem:
(adjective) – directed against a person rather than the position they are maintaining
(adverb) – in a way that is directed against a person rather than the position they are maintaining.
August 1, 2019 at 9:08 am
Captain Planet says:
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Rosenblatt…for the WIN!
Way to break down the denotation of “ad hominem”. Pretty tough to argue with, you know, the definition. Unless your goal posts are on rollers.
August 1, 2019 at 11:16 am
Rosenblatt says:
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Actually Craig did argue it further. He admitted he attacked the tone of what I said and not the content, but said he didn’t call me any names so it couldn’t be an ad hominem attack which, obviously, was wrong. Then our posts got removed.
July 30, 2019 at 3:09 pm
Re UW says:
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It’s not really an argument, just an observation. Millennials have more student loan debt than previous generations at stagnating wages. What’s more is we’re getting into debt for degrees that are losing value. No matter what your thoughts are, that’s the objective reality we live in.
Speaking anecdotally, I’m in my mid 20’s and personally have no money for investments even though I’m lucky and have a high income gig. I’m aggressive and put down $1400 a month on my loans, and even still, it will be a few years before I’m in the clear and can focus on investing. Not blaming anyone, not asking for handouts, that’s just my reality because I came from a lower class family and my parents could not afford my master’s degree.
Non-anecdotally, the average student loan debt is somewhere around $40k and kids are getting out of college earning $30-$50k.. Doesn’t take an economist to tell you they’ll be in debt for years at a minimum.
I wouldn’t go into business betting on millennials having extra money to kick around on investing in good causes. Not because we’re hypocrites as you say, but because we’re broke. That’s the point of the article.
Not discounting the Debt issue. It IS massive (although I never seem to see anyone blame the greed of the universities for some reason).
But I see lots of Millenials out spending money every weekend in restaurants and bars and movie theaters. I see lots of millenials in newer model cars, some of them very expensive.
I have no doubt it is hard for many Millenials but clearly many have money to spare.
PoMuelLiar Bear says:
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Craig Said (but it was censored by Libs who can’t stand rejection of their ideas):
Damn funny story. The Millenials who blah blah all day long about saving the whales/planet/oceans/sky and racism/Islamaphobia/corporate greed etc. etc. etc. can’t be bothered to risk their own money to address same.
Hmmm. This tracks with every study that indicates religious conservatives give more time and money to charity than do secular people.
The public workers unions in California hammered CALPERs, the big investment fund for public sector retirement assets. Why? Because the Socially Conscious investment returns for CALPER’s were low. Now, who would have guessed that when the retirement interests of the workers were made secondary to some liberal do-gooders cause of the month that investment returns would suffer?
Now, back on TV, the non-stop liberal lecture about how righteous they are continues . . .
Reply
I am completely shocked that the generation that saddled millennials with crippling college debt and a broken housing market don’t get why millennials aren’t investing.
I’d break it down for you, but it’s just a waste of time.
Don’t ever forget that if you take issue with millennials as a generation, it’s the previous generations fault for being such poor examples.
And there you have it, folks, the reason Millenials are losers: it’s someone else’s fault.
Yikes, dude, if you want to blame Boomers for spending all the government money and building up government debt and handing it off to future generations, I’m with you, but that bill hasn’t come due yet so it clearly isn’t the reason your generation isn’t investing.
But the university debt is all on you and the greedy professors and Administrators who kept raising tuition year after year. Don’t blame me for that one.
Yep your generation raised us. So maybe look in the mirror.
Your generation told us we all needed college degrees or we’d get left behind. Your generation gave us all trophies. Your generation created, raised, developed, and inspired my generation. If you can’t understand that, you are lost. We are the product of our environment.
Look. I personally am doing great. I own my home. Outright. In California. I have paid off my college debt. Had I known about this program, I might have invested. I don’t pretend for a second that I am the norm. I am not. I am the anomaly.
So, apparently YOU didn’t listen to us when we gave you all that horrible advice. So what you are saying is that the rest of the Millenial losers just didn’t have the right stuff like you did, weren’t smart enough, didn’t work hard enough, weren’t so damn lucky like you, etc. etc. etc. I’m touched. You are so compassionate for the less fortunate beneath you.
My observation is 50-somethings have been saying 20-somethings are worthless since The Dawn of Man. Label those age groups what you want – the story doesn’t change and I’m getting kinda bored with it.
So, our generation did great by you but instead of expressing gratitude for that, instead you say our generation sucks because every other Millennial was raised wrong. Got it. Everyone is a victim in today’s America and no one is responsible for their own outcome.
My generation were kids when your generation destroyed the housing market. Why should we take responsibility for that? Why should we take responsibility for the fact that inflation has increased at a greater rate than minimum wage due to policies that favor big business as opposed to the little man? Why should we take responsibility for the failed policies of the 80s, 90s, and early 2000s that led to the current college debt climate, housing market, and destruction of our environment, etc.
Then when we make attempts to get involved and help to right YOUR generations wrongs, we hear things like “you’re just kids, you don’t know what you’re talking about” or “try owning something first and then lets talk”.
You want to talk about personal responsibility except for when it is yours to take.
Well, if you are a liberal, then you should look at who actually created the college debt crisis: that would be liberal university professors and administrators who kept increasing tuitions out of sheer greed.
And “destruction of our environment”? Please, try being intelligent. Our environment is MUCH cleaner today than in the 1970s. Just look at Los Angeles where I grew up: when I was a kid you couldn’t see the mountains most days for the smog. Very rare today. Superfund sites have all been cleaned up. Bush expanded the largest marine reserve in the world north of Hawaii. Ask immigrants if America has a clean environment. They will laugh.
And the housing market was fueled by Fanny and Freddie, for people who know the entire story. They liberalized their lending policies to the point they wrote or underwrote around 70% of all of the alt-A and “liar loans” in the country.
And who protected them from greater restraint as desired by the Bush Administration? Barney Frank.
Salaries have not kept up with the cost of living. You used to be able to work your way through a state university on minimum wage jobs or being a laborer but that is not really possible anymore. If you have a child or children that you have to put in daycare you have a big check to write out every week.
More proof that in today’s world, EVERYTHING is political. This entire string is silly and embarrassing. I wonder how comments would read if people couldn’t hide behind pseudo names. I wonder how all social media would change if people had to face the world head on with their comments…..
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Who crapped in your cereal this morning, Craig? You seem to have such a bitter view on life and people that I wonder how you make it through the day. I’m not a millennial, but I do think people are generally good people, regardless of whether they are millennials, religious conservatives, liberals, moderates, democrats or republicans. Instead of demonizing whole classes of people, maybe you should step back and try to see a bigger picture through a wider lens than Fox News talking points. You may have valid points, but no one should take you seriously when you use such grand generalizations.
The ‘attack’ on (i.e. ‘criticism of’ per common interpretation) large swaths of people is justified for their illogical, feelings based actions to censor opinions and modify investment portfolios for political reasons.
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PoMuelLiar Bear says:
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Clue: from Craigs initial post ” The Millenials WHO…” (Caps added for emphasis.)
This contrasts with “All Millenials …”.
Reply
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Or maybe, as the article mentions, millennials just don’t have much money to invest and it’s as simple as that.
Oh, please, the Victim Argument.
Most immigrants who come to America have far, far less money than do the average Millenial. Someone making $40,000. in America is in the top 5% of income earners in the whole world.
And immigrants famously save, save, save despite their low incomes.
Giving up a latte or craft brew once in a while and making an investment builds up. Go read “The Millionaire Next Door”. They are the people driving 7 year old cars, never spending money on concerts, going on camping vacations and living in modest housing in order to save and invest.
“You too can afford everything you want if you don’t spend any money for 30 years!”
Just like generations before you did if they wanted to build wealth . . .
Not surprisingly, I have to disagree with you Craig. My parents and their parents (1st generation to emigrate) were both able to have a single income family, own their own homes and put multiple children through higher education all while saving and investing and having SOME disposable income. Nowadays, you’re lucky if you can afford a mortgage with dual incomes and no children. I am not blaming one generation over another, but times have changed.
While the cost of living and cost of college has increased significantly, wages after inflation have barely budged over the last 44 years. It’s easy to save when you’re paid in line with what goods and services actually cost, instead of seeing those costs rise year after year and increasing wages due to inflation has not kept pace.
Hidden due to low comment rating. Click here to see.
I stopped reading after your unprovoked ad-hominem attack.
You were whining. That’s not an Ad Hominem attack, because I didn’t say you are ALWAYS a whiner or had some personal defect. Just that you were whining right now. Which was true.
I’m just going to leave this here….
ad hominem:
(adjective) – directed against a person rather than the position they are maintaining
(adverb) – in a way that is directed against a person rather than the position they are maintaining.
Rosenblatt…for the WIN!
Way to break down the denotation of “ad hominem”. Pretty tough to argue with, you know, the definition. Unless your goal posts are on rollers.
Actually Craig did argue it further. He admitted he attacked the tone of what I said and not the content, but said he didn’t call me any names so it couldn’t be an ad hominem attack which, obviously, was wrong. Then our posts got removed.
It’s not really an argument, just an observation. Millennials have more student loan debt than previous generations at stagnating wages. What’s more is we’re getting into debt for degrees that are losing value. No matter what your thoughts are, that’s the objective reality we live in.
Speaking anecdotally, I’m in my mid 20’s and personally have no money for investments even though I’m lucky and have a high income gig. I’m aggressive and put down $1400 a month on my loans, and even still, it will be a few years before I’m in the clear and can focus on investing. Not blaming anyone, not asking for handouts, that’s just my reality because I came from a lower class family and my parents could not afford my master’s degree.
Non-anecdotally, the average student loan debt is somewhere around $40k and kids are getting out of college earning $30-$50k.. Doesn’t take an economist to tell you they’ll be in debt for years at a minimum.
I wouldn’t go into business betting on millennials having extra money to kick around on investing in good causes. Not because we’re hypocrites as you say, but because we’re broke. That’s the point of the article.
Not discounting the Debt issue. It IS massive (although I never seem to see anyone blame the greed of the universities for some reason).
But I see lots of Millenials out spending money every weekend in restaurants and bars and movie theaters. I see lots of millenials in newer model cars, some of them very expensive.
I have no doubt it is hard for many Millenials but clearly many have money to spare.
Hidden due to low comment rating. Click here to see.
I am completely shocked that the generation that saddled millennials with crippling college debt and a broken housing market don’t get why millennials aren’t investing.
I’d break it down for you, but it’s just a waste of time.
Don’t ever forget that if you take issue with millennials as a generation, it’s the previous generations fault for being such poor examples.
And there you have it, folks, the reason Millenials are losers: it’s someone else’s fault.
Yikes, dude, if you want to blame Boomers for spending all the government money and building up government debt and handing it off to future generations, I’m with you, but that bill hasn’t come due yet so it clearly isn’t the reason your generation isn’t investing.
But the university debt is all on you and the greedy professors and Administrators who kept raising tuition year after year. Don’t blame me for that one.
Yep your generation raised us. So maybe look in the mirror.
Your generation told us we all needed college degrees or we’d get left behind. Your generation gave us all trophies. Your generation created, raised, developed, and inspired my generation. If you can’t understand that, you are lost. We are the product of our environment.
Look. I personally am doing great. I own my home. Outright. In California. I have paid off my college debt. Had I known about this program, I might have invested. I don’t pretend for a second that I am the norm. I am not. I am the anomaly.
So, apparently YOU didn’t listen to us when we gave you all that horrible advice. So what you are saying is that the rest of the Millenial losers just didn’t have the right stuff like you did, weren’t smart enough, didn’t work hard enough, weren’t so damn lucky like you, etc. etc. etc. I’m touched. You are so compassionate for the less fortunate beneath you.
My observation is 50-somethings have been saying 20-somethings are worthless since The Dawn of Man. Label those age groups what you want – the story doesn’t change and I’m getting kinda bored with it.
So, our generation did great by you but instead of expressing gratitude for that, instead you say our generation sucks because every other Millennial was raised wrong. Got it. Everyone is a victim in today’s America and no one is responsible for their own outcome.
My generation were kids when your generation destroyed the housing market. Why should we take responsibility for that? Why should we take responsibility for the fact that inflation has increased at a greater rate than minimum wage due to policies that favor big business as opposed to the little man? Why should we take responsibility for the failed policies of the 80s, 90s, and early 2000s that led to the current college debt climate, housing market, and destruction of our environment, etc.
Then when we make attempts to get involved and help to right YOUR generations wrongs, we hear things like “you’re just kids, you don’t know what you’re talking about” or “try owning something first and then lets talk”.
You want to talk about personal responsibility except for when it is yours to take.
Well, if you are a liberal, then you should look at who actually created the college debt crisis: that would be liberal university professors and administrators who kept increasing tuitions out of sheer greed.
And “destruction of our environment”? Please, try being intelligent. Our environment is MUCH cleaner today than in the 1970s. Just look at Los Angeles where I grew up: when I was a kid you couldn’t see the mountains most days for the smog. Very rare today. Superfund sites have all been cleaned up. Bush expanded the largest marine reserve in the world north of Hawaii. Ask immigrants if America has a clean environment. They will laugh.
And the housing market was fueled by Fanny and Freddie, for people who know the entire story. They liberalized their lending policies to the point they wrote or underwrote around 70% of all of the alt-A and “liar loans” in the country.
And who protected them from greater restraint as desired by the Bush Administration? Barney Frank.
You deserve no gratitude from me.
Whoever you are. I don’t believe we have met . . .
Salaries have not kept up with the cost of living. You used to be able to work your way through a state university on minimum wage jobs or being a laborer but that is not really possible anymore. If you have a child or children that you have to put in daycare you have a big check to write out every week.
The left thought police has taken over the Insurance Journal?
Remember the First Amendment? When did the SCOTUS agree that its ok to censor comments so as to not offend people???
Remember that once we said that we might not agree with a person but we would defend to our death their right to say it?
Remember the common good instead of the selfish rights of 300 Million individuals?
Bring on the SOMA but the world isn’t brave its scared to death of being annoyed and hearing the truth.
This country has gone freakin’ nuts.
Yet you continue to post. This says a lot more about you than it does the IJ.
AMEN Quinn!
More proof that in today’s world, EVERYTHING is political. This entire string is silly and embarrassing. I wonder how comments would read if people couldn’t hide behind pseudo names. I wonder how all social media would change if people had to face the world head on with their comments…..