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Old 11-22-2019, 02:12 PM
 
Location: Appalachian New York, Formerly Louisiana
4,350 posts, read 4,946,388 times
Reputation: 5812

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Quote:
Originally Posted by kettlepot View Post
Not to downplay how bad the 2008-09 recession was, but unemployment peaked at 10.0% in late 2009.
During the 1981-82 recession, unemployment peaked at 10.8%.

The 2008-09 recession was not unprecedented. It just felt that way to people with shorter historical timelines. Plus the entire period from 1979 - 1982 was economically problematic with sky high inflation coupled to high and then very high unemployment, married to a deteriorating international situation.

To verify the unemployment data:

https://www.bls.gov/opub/mlr/2018/ar...employment.htm

I guess I don't see the Millenials as "lost" because they are always talked about and has real media and historical image, but Gen X is just lost in a historical haze, dazed and confused.
I think they key difference is that things got better. One of the wealthiest periods of American history followed soon after that.

For most of us, the last recession never really ended. It has generally only gotten better for the people who were already doing well.

Likewise, the way things work is drastically different in modern day. The corporate ladders don't have rungs near the bottom anymore, for one. There are likely thousands of social and economic nuances to take into consideration. The future for my age group looks very very dim.
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Old 11-22-2019, 03:00 PM
 
Location: Southwest Washington State
23,876 posts, read 15,423,278 times
Reputation: 34547
Born in 1946, so an early Boomer. I am married to one of the Silent Gen, born in 1942.

Sometimes we feel like fossils. But well preserved fossils, you understand.

Our kids are all Gen X. The youngest, born in 1978, seems to me to have some Millennial traits.
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Old 11-23-2019, 12:25 PM
 
Location: Auburn, AL
112 posts, read 131,349 times
Reputation: 161
Baby Boomers
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Old Today, 09:17 AM
 
Location: Inland FL
1,358 posts, read 797,467 times
Reputation: 2444
Millennial, smack dab in the middle of the generation. Born in 1992
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