Jeffrey Gundlach discusses millennials and how they are saddled with debt
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- Опубліковано 5 вер 2024
- DoubleLine's Jeffrey Gundlach speaks to Yahoo Finance's Julia LaRoche about millennials, student loan debt, social security, and his outlook for the next ten years.
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Hate does not cut it.
"raise the eligibility age, it is easy". Mathematically it may be easy but not in real world. Try to physical labor or trade during your working years and see if you are ready to wait to collect SS in your 70's.
@tedosmond413 great point. Maybe we voters can influence some type of tiered system where labor that is tougher on the body is allowed to obtain SS at a youger age than an investment banker or like,non physical labor intensive position.
What is your outlook for coming decade ? COVID . Little did he know .
A run of high inflation will deflate the debt burden. Effectively reaching back in time and taking the money back, transferring the burden to de-indexed pensions and deflated savings.
hearing this, assuming it's right, a president who's an expert in bankruptcy is probably the president the USA needs, since as a country they're about to go through one...(Warren)
Hey Jeffrey, can you believe the 1920's were very much different than the 1820's? What a concept!
It's not Baby Boomers, it's the system. To hate an entire generation for the actions of a few is the same as any other discrimination - it's stupid!
True, but it was prior generations who created this environment and now criticize the youth.
The prior generation had as much control as we currently do in creating this environment. The last time the American public had a significant influence on public policy was the 60s and 70s. Now we protest nothing and accept everything the government does.
The boomers designed the system; it's not like it's autonomous. It's rules were written by boomer politicians in the pocket of boomer corporations. These decisions were made by people.
I don't think reasonable people hate the entire generation, but I do think the anger at the hyper-wealthy and hyper-powerful is more than justified. Boomers support this narrative that things were harder for them growing up, but the exact opposite is true. The lucrative jobs today require more education and are more difficult than ever (programming and STEM), expenses are higher than they've ever been in a disproportionate way, the education we need to get those technical jobs has become expensive beyond any possible belief (and that money is being paid to boomers). The boomers that own these corporations don't even understand the tech, but they've got millennials working very hard to build the technical future of the company while the boomers sit around making far more money for "management and guidance" even though they don't understand the landscape of the industry and so on...
It's a bummer. Young people are right to be angry. We see boomers throughout our corporations doing nothing but getting in the way, but collecting inordinate amounts of money while we work for them, and create the actual value.
I know that people are quick to point out that many millennials aren't able to do thes things, and aren't disciplined, and don't have an attention span, and all that is true (though it doesn't change the fact that the technology sits on the backs of capable millennials)...but how did it get that way? Our attention was bought and sold by corporations since we were babies. Entire departments were devoted to studying ways to make these systems more and more addictive as more and more money piled in. What did anyone expect to happen? For the babies to just "take personal responsibility", and regain control of their attention, habits, and minds?
@@geometerfpv2804 It's a new technological world we're living in. I know a lot of Boomers (I'm Gen X) and most of them don't have a clue about technology. Most power is hidden and yes, old money/power is controlled by old farts and, yes, they have Millennials working for them like slaves. They're just a tiny minority of that generation. These people, the 0.1%, WANT us to fight among ourselves. They deliberately stoke the flames of hatred through the media they own and control. It's the central banking system, banking system, the people behind them who own everything, it's them specifically who need to be exposed/destroyed. Crypto is the best space for young people to get involved in to get power, make some smart investment decisions and become wealthy. You could say this space was created by people in my generation and will be inhabited by young, smart people, the Millennials, who will later be very powerful and criticised by generations to come. People don't like giving up power. However, It's an exciting time to be alive. Go check out Real Vision, get schooled up on the economy and take them on that way. Younger generations always win in the end as death catches up with us all. The old system will be handed over to the younger generation who will try to keep it in place. They will eventually fail and hopefully what replaces it will be better for us all.
@@johngrear6506 gen x here WELL SAID
Is she sure shes a millenial? Max age is 37 and she looks early 40s
She has no idea what he’s talking about.
She hardly even said anything, I don't know how you're able to conclude this. Just a few basic leading questions, then letting him speak.
How is she a millennial? She looks 45
No she doesn't she looks early 30s
So " Millennials " Hate boomers, well I'm a boomer & I don't have any use for " millennials " to weird for me, don't even want to be in the same room with them.
That's fine, but if you have any moral character, you shouldn't be in favor of a financial system that victimizes them to pay out boomers. The generations change; this one has changed in an especially drastic way because of the internet and digital technology. You don't have to like them, but you should be in favor of giving them a fair shake.
@@geometerfpv2804 I had to pay for the WW 2 generation. I'm not asking them to pay for anything that I didn't pay for.
The guest maybe forgot that he is in this good position because he went to college !