wow save yourselves a click on this one, complete filler "generations" clickbait
not a single goddamn thing to say
this post was submitted on 18 Apr 2025
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That's not true, it says 'don't worry about it it's not your problem' which is terrible fucking advice.
I read the article, and I am also not really sure what the author was trying to accomplish. Right now (in the US at least) is not very similar to 2008 and I am unsure how many "lessons learned" for folks like myself would be useful.
Thanks for the warning. Click saved.
Probably written by ai
They got revenge on those who intentionally crashed our economy dragging the corrupt bankers hedge fund managers and politicians responsible to the streets, stripping them naked and whipping them until they learned the lesson : The People will not abide their usury anymore.
Or did we just give them more of our money ?
I forget.
Golden parachutes and not a single banker went to jail.
Sure they did, who do you think keeps baking all them files into the cakes?
Is that what Enron did with their files? I gotta pay better attention.
People still listen like Dimon has anything worthwhile to say to the public.
Do we want the baker's dozen insanity again‽ Complete insanity I tell you!
Yeah I liked Obama but the bailouts were grade a bullshit.
Those were Bush
There wasn't a whole lot of difference.
In 2008, I was spending 90% of my time playing TF2.
POOTIS
Same, TF2 and BF2. I watched a stupid amount of South Park also.
Left 4 Dead was my vice at that time with TF2 close behind
My 25 year old son has talked about how many of his friends throughout school and college were devastated by the 2008 crash, and their families never fully recovered. We were one of those families. At the time, we lived in the county that had more foreclosures than anywhere else in the nation.
And yet there has hardly been any discussion of the extensive human damage that was done. Profitable businesses got bailed out, but nothing for people whose houses and vehicles were taken, credit ratings destroyed, jobs lost, etc.
tl;dr: it didn't really affect them
In 2008 before the crash I was coerced into buying a house I couldn't afford by an ex. Back then, they would give mortgages to anyone with a pulse, and no that's not good. It should be good but in the context of that moment it was really really bad. After the crash the house went under water metaphorically and literally and totally ruined my life. Don't do things you don't want to do folks, trust your gut.
I spent most of my time gaming and not going out. Frozen pizzas, top ramen, bulk stuff to keep costs down.
For me it's simple: I lost my planned career. I was going to be a librarian. The money to give me a scholarship dried up. So I pulled myself together, bopped through decent jobs for a decade or so, and now have a career.
Gen X. 2008 I was working full time as a systems administrator for an envelope manufacturer. All those foreclosure notices weren't mailing themselves...
It was hard seeing people I worked with nearing retirement age have their entire portfolios wiped though.
Of course if they had invested when the Dow was 7,800...
Were they not invested in target retirement funds? If you do it right your portfolio shouldnt do that.
You don't even need to do that. Just use regular index funds and shift the percentage of your total investments to be more and more bond heavy as you get closer to retirement. Avoid those fees that those target funds have.
Sure yes of course thats another way to do it. As always, if you do it yourself it will be cheaper.
I don't know what they were invested in, but I remember the weeping.
I just moved out, I had a good job at the time that was unaffected by this (healthcare) and, if anything, thriving. Nobody I knew was really affected by this either. I think we were too close to starting our careers for it to do much to us.
2008 I started college because I couldn't find a fucking job. Took me about 12 years to finish as I stopped when my kids were born to get a job to support us. But in 2008 taking out loans and going to school was what supported us until my wife was able to get a job that could support us both.
I ran away to China cause I was getting fat unemployment checks that more than covered cost of living there. Ended up starting a new career because of it. Too bad we made all our allies our enemies this time. Maybe I can go begging in Windsor.
Is the answer that their parents paid for all of it as is the case for most people under 18?
Millennials start in 1984. About half of the generation was over 18 in 2008.
Milennial generation is typically defined as 1981-1996, according to a quick web search. As an '82 baby, I was working a full-time grunt job making $6.50/hr with zero benefits, trying to fake empathy as my bosses (the company owners) lamented the absolute devastation of their '84 baby boy's loss of most of his retirement.
Cry me a fucking river, assholes. He's an engineer with 40ish years of career ahead of him. He'll be fine.