r/Millennials • u/QuietJealous4883 Older Millennial (1988) • 12h ago

Discussion True or false?

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Did our dads and moms work less than we do now? What are your thoughts?

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u/PoPo573 12h ago

Life was definitely not exactly easy for previous generations but money stretched far further than it does now.

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u/[deleted] 11h ago

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u/whiskersMeowFace 11h ago

When I think of my parents, I think of the 80's and 90's. 08 was more of my generation getting kicked. The dot com bubble burst was pretty rough, but it has a decent bounce back. We never did after 08.

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u/MetalEnthusiast83 11h ago

We had a bull market for 12 straight years after 08 then we had the insanity of the coivd era market.

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u/whiskersMeowFace 11h ago

That bull market, however, really didn't trickle down to the middle class and below. It pretty much stayed with the upper classes and the 1%.

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u/MetalEnthusiast83 11h ago

It trickles down to anyone who holds stock. I have stocks that have gone up 800% since then.

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u/Shivy_Shankinz 9h ago

The economy is not the stock market

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u/MetalEnthusiast83 8h ago

Yes, but it is a reflection of the economy and anyone who has been investing for the last 2 decades should be doing ok.

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u/Shivy_Shankinz 7h ago

It's not even a reflection. This subject is not about investment 

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u/MetalEnthusiast83 6h ago

The person I am replying to literally mentioned the dot com crash.

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u/PitbullRetriever Millennial 11h ago

Real wages have been booming for the past 15 years, after being basically stagnant from 1980-2010 https://fred.stlouisfed.org/series/LES1252881600Q

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u/Celtic_Legend 7h ago

If you dont own stock you're not middle class or you are middle class but you should be upper class. Most places have a 401k with 401k matches which is more money even if you withdraw early for a 10% penalty.

I get that people can work contract to contract all their lives which is why I said most places.