Socialism: The Only Cure for Western Prosperity

[mountaineer]

Wednesday, April 24, 2019
Socialism: The Only Cure For Western Prosperity

If it makes anyone feel better – and I don’t know why it should – Alexandrea Ocasio Cortez is not the only Millennial economically challenged.

Apparently a good swath of the Millennial generation mis-misunderstands the facts and realities of finance and  economics.

Exhibit #1: 68% of Millennials Feel They Have It Worse Than Any Other Generation. Millennials were asked a total of 15 questions to gauge how much more or less difficult they believe life is for their generation compared with other age groups.

    Nearly 70 percent of respondents said the financial impediments they face are as bad or worse than any other generation.

    Roughly two-thirds of millennials polled either "agreed" or "strongly agreed" that they have it worse than any other past generations.

    Nearly half of millennials believe they're facing a worse economic climate than the generation who lived through the Great Depression.

The Great Depression!!

    The Reality:  According to researchers, every generation has experienced periods of financial hardship as well as long stretches of rapid economic growth. While the Great Recession of 2008 is still fresh in the minds of Millennials, it pales in comparison to the Great Depression in the 1930s which happened when the Silent Generation were children. Also, Baby Boomers lived through an extended period of unemployment while the economy was suffering through stagflation in the early 1980’s.

Let me add that the entire decade of the 70s was pretty crappy too.

Exhibit #2: Millennials feel they face more financial woes than other generations ...

Read the whole thing at Michelle Obama's Mirror.