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streetman@lemmy.world to memes@lemmy.worldEnglish · 11 months ago

Millennials surviving their 4th 'once in a lifetime' crash

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Millennials surviving their 4th 'once in a lifetime' crash

lemmy.world

streetman@lemmy.world to memes@lemmy.worldEnglish · 11 months ago
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  • ceenote@lemmy.world
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    11 months ago

    Kinda sucks having a generation of spoiled narcissists in charge tbh.

    • bitjunkie@lemmy.worldBanned
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      Removed by mod

      • nondescripthandle@lemmy.dbzer0.com
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        11 months ago

        Some of them could use more lead imo.

        • uis@lemm.ee
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          11 months ago

          Lead-deposed

    • DragonTypeWyvern@midwest.social
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      11 months ago

      Three generations of spoiled narcissists coasting on what the Greatest and Lost built.

  • gravitas_deficiency@sh.itjust.works
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    11 months ago

  • Lemmy Sparkling Lemonade@lemmy.sdf.org
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    11 months ago

    Remember the 80s recession? GenX remembers.

    • Vipsu@lemmy.world
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      11 months ago

      Millenials born in late 80s or early 90s may not remember but it could still have affected their childhood.

      • Lemmy Sparkling Lemonade@lemmy.sdf.org
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        11 months ago

        Also, it could not have. “Could” anything is pretty vague. Every childhood had a preceding history.

        • Javi@feddit.uk
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          11 months ago

          ‘Could’ specifies a possibility of an event occurring, as opposed to no possibility.

          For example, I could have rice for dinner, however there is no way I could jump to the moon.

          When applied to the context of this conversation:

          A person born in the 90s could have had their childhood affected by the recession in the 80s. A person born in the 50s could not have had their childhood affected by the recession in the 80s.

          Could is only vague in the scope of probability; this is because it’s a confirmation of the possibility, rather than a defined probability.

    • ameancow@lemmy.world
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      deleted by creator

      • Lemmy Sparkling Lemonade@lemmy.sdf.org
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        11 months ago

        Sounds so banal.

    • AtariDump@lemmy.worldBanned
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      11 months ago

      Who?

      • Lemmy Sparkling Lemonade@lemmy.sdf.org
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        11 months ago

        Which Who?

        • AtariDump@lemmy.worldBanned
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          11 months ago

          The

          • Lemmy Sparkling Lemonade@lemmy.sdf.org
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            11 months ago

            Ah

          • ameancow@lemmy.world
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            deleted by creator

            • AtariDump@lemmy.worldBanned
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              11 months ago

              Tomato

      • usernamefactory@lemmy.ca
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        11 months ago

        What?

        • AtariDump@lemmy.worldBanned
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          11 months ago

          When?

          • ameancow@lemmy.world
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            deleted by creator

            • AtariDump@lemmy.worldBanned
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              11 months ago

              Soon.

    • tischbier@feddit.org
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      11 months ago

      You’re right — the early 80’s ugh. 15% inflation with a gas crisis. 10-15 year panics were the norm in the 1800’s too

      • Lemmy Sparkling Lemonade@lemmy.sdf.org
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        11 months ago

        Mortgage rates skyrocketed, people lost their homes.

    • |IlI|lIIl|IlIll|Il|IllI|@lemmy.world
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      11 months ago

      deleted by creator

    • bluegreenwookie@bookwormstory.social
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      11 months ago

      That was a bit before my time but i remember some people saying the 2002 crash was in part an extension of the 80s recession as the 90s boom was partially due to the tech boom.

    • MNByChoice@midwest.social
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      11 months ago

      Those sucked.

      • Lemmy Sparkling Lemonade@lemmy.sdf.org
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        11 months ago

        Devestated my childhood

  • SapphironZA@sh.itjust.works
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    11 months ago

    4th “once in a lifetime” crash, SO FAR…

  • Mr. Satan@lemm.ee
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    11 months ago

    more like

    • LittleBorat3@lemmy.world
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      11 months ago

      Like two three years ago when they told us there might be a nuclear escalation.

      Millennials: eh shrug maybe not

  • zxqwas@lemmy.world
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    11 months ago

    You should expect about one recession every 5-10 years.

    They are all “once in a lifetime” in their own way if you want to sell news headlines.

    • WalrusDragonOnABike [they/them]@reddthat.com
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      11 months ago

      The covid one is really the only one that really stands out as being a unique naturally caused crash, but what makes it most unique isn’t the market stuff at all.

      This one has been just waiting to happen for a while, but this one being intentionally caused is fairly unique, I guess.

      The size of the dotcom + great recession combined is fairly unique, making immediately before the dotcom bust one of the worst times you could have retired in the US since at least the great depression. But that doesn’t affect millennials directly and it’s the affect of two back to make crashes.

      • Higgs boson@dubvee.org
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        11 months ago

        Yeah, the Trump Recession (we hope not a full-blown depression) will have been uniquely caused as well. Definitely one for the history books.

        • bitjunkie@lemmy.worldBanned
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          • MNByChoice@midwest.social
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            11 months ago

            Far future will. Life on Earth tends to find a way.

            • bitjunkie@lemmy.worldBanned
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              Removed by mod

          • ameancow@lemmy.world
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            deleted by creator

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              • ameancow@lemmy.world
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                deleted by creator

                • Higgs boson@dubvee.org
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                  11 months ago

                  Fossil fuels definitely turbo-charged our technological developement. Cheap portable energy and petrochemicals. Guaranteed to be addictive. And without then, or some other comparable miracle, it would have taken us many times longer to get where we are.

                  We are like someone who only ever played Civ with cheats and we’re going to find out soon how hard the game is without (and… because of) that magic black goo from the ground.

  • medsal15
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    11 months ago

    A post of the user pervocracy, on tumblr, saying "Me in history class: Wow, humanity has been through some fascinating times! I wonder if I'll ever live through major historical events!
Me now: NO NO NO NO NO I WANT TO GET OFF THIS RIDE"
Followed by a reply from alittlebitofhufflepuff repeating "it was supposed to be space travel." 5 times. The fifth time is missing "avel".

  • db2@lemmy.world
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    11 months ago

    Meanwhile, genx:

    • Buelldozer@lemmy.today
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      Yeah kinda. We’ve gone through everything that the Millennials have plus some.

      • ameancow@lemmy.world
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        deleted by creator

      • MinnesotaGoddam@lemmy.world
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        11 months ago

        wait really? i don’t see how time could work that way

        • ameancow@lemmy.world
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          • Quadhammer@lemmy.world
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            11 months ago

            Nature doesnt owe us, humanity does. We havent come this far to cock it up now

    • ms.lane@lemmy.world
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      11 months ago

      You got to buy houses at a reasonable price and had proper student unions, don’t @ me.

      • db2@lemmy.world
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        11 months ago

        I’m sure you think that’s true.

  • Xanthrax@lemmy.world
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    11 months ago

    Throw gen z in there. We start at 1997

  • IDKWhatUsernametoPutHereLolol@lemmy.dbzer0.com
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    deleted by creator

  • balderdash@lemmy.zip
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    We are in the “hard times create hard men” part of the cycle.

    • TeamAssimilation@infosec.pubBanned
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      Hard non-binary persons, mind you!

      And if they wear furry suits it’s because they’re harder! Wait…

    • Septimaeus@infosec.pub
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      Interestingly, in the era of this expression, “hard man” often had a somewhat negative connotation like “calloused,” which I gather is generally not the meaning intended by those who use it today.

  • AdolfSchmitler@lemmy.world
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    11 months ago

  • disguy_ovahea@lemmy.world
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    11 months ago

    I’m gonna get fired for being room temperature one day.

  • bitjunkie@lemmy.worldBanned
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    Removed by mod

  • lovelily@lemmy.today
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    10 months ago

    letting the days go by~

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