Wednesday, April 08, 2020

Millennials Hit Hardest By Coronavirus Economic Impact As Kansas City Couple Shares Story Of Financial Misfortune



One of our KICK-ASS TKC BEST & BRIGHTEST READERS suggested this link that chronicles a very tough time endured by a Kansas City couple coping with crushing debt, no opportunity and weeks more of unemployment assured along with the threat of debilitating sickness . . .

Millennials, burdened with debt, are now facing an economic crisis

Deets:

"The youngest American adults are facing what is, for most of them, the first serious economic crisis of their working lives. By most measures, they are woefully unprepared.

"While the past few years were largely good ones for the American economy, that did little to help set millennials up with a solid financial foundation. Overloaded with credit card and student debt, and underrepresented in the housing and stock markets, they entered this uncertain period with significant obligations and few resources."

Even better, the reference to a worsening "generational divide" in American culture speaks to the current situation and might be more relevant than 50-year-olds trolling 70-year-olds with the worn out "OK, Boomer" reference in comment sections across the Internets.

This story is important because it will shape the future and American economic recovery . . . If any.

Developing . . .

39 comments:

Anonymous said...

Good story. If you read the whole thing you'll see that they aren't trying to play up the political angle or cast blame or even sensationalize. Just a straight forward accounting of the situation and its impact. Wish there was more local reporting like this.

Anonymous said...

^^^ A missed opportunity, could have been a great article on the evils of avacado toast!

Izzy said...

^^^

Lulz.

It's all about the lulz when people who want to work aren't allowed to.

Anonymous said...

No more money for cruises, trips to Europe, Starbucks $5 coffees, and daily Amazon purchases that they like to brag about everyday to their co-workers?

Poor widdle Millies. Try saving money for emergencies instead of going on 3 to 4 cruises a year.

Anonymous said...


The WHO can open things back up, it's a fact that the numbers of death related to this virus are bogus. The WHO said call it COVID-19 even if it's just the flu or pneumonia. The number of cases have decreased and the UN is telling WHO who tells Dr. Faucci and Dr Faucci has to report the news. This thing is dark and dirty.

Anonymous said...

^^^^ What a bullshitter you are. If you had any real info on your side, you'd know that boomer buy most of those things.

Do you really think young people go on cruises?

Please stay in your trailer, unplug the Internet and just watch Fox news. You'll be safe and make everyone happier.

Anonymous said...

I'd pay $20 to watch them bang.

Anonymous said...

Where's the "O.K. BOOMER Dude" now. Fuck that man bun wearing half a flag.

Anonymous said...

^^^ Dude. "OK boomer guy" is no less than 65 years old.

Boomers Rule. said...

Fag not flag. Mom's basement must be getting pretty old by now. Since he has no income it is surely going to push him over the edge. Bye bye Millie.

Anonymous said...

Good to see you took the time to take your dick out of his ass to post this bullshit.

Anonymous said...

Another article on how bad the children of today have it, these people act like their parents and generations before them haven’t gone through the same things or even worse. How many parents with kids have nearly lost everything through being laid off, divorced or medical hardships and somehow through determination and not giving up made it through to the other side? That’s the big difference between young people today and past generations is the past generations nevar gave up or lost hope. The Millie’s and what evar generation that come after them are one step away from being totally worthless.

Anonymous said...

8:25 and 8:28 ^^^ Ok Boomer is the ultimate authority. Bow down to the king . If you don't believe me, read his endless responses that have no substance beyond "OK BOOMER".

KCbornMO said...

I think someone is envious. You should go on a cruise, in September, they are nice. #playerhate

Anonymous said...

Gen X in the house!

Anonymous said...

Millie wear man buns to hide bald spots.

Anonymous said...

Not me, I'm a city worker. Thanks for the taxes.

Anonymous said...

Back to the article, the one theme with these people is bad choices:
$800/week for rent??
$300 student loan and you are working at a carpet shop with side job as a barista (in the strongest economy in years, up until last month)??
$600 week income and you have a kid and another on the way??
Car payments..I can only imagine they are newer cars.

The stories are sad, the results not surprising.

Only Jayci appears to have the ability to earn more...

Anonymous said...

TOP PHOTO -- SELF ISLE'S..OLATION

When the coronavirus destroyed her film career, Ginger found a sugar-daddy in Thurston Howell III!!!

Anonymous said...

" it's a fact that the numbers of death related to this virus are bogus."

And you would know that... how?

Anonymous said...

8:34: And yet every crisis results in misery, poverty, suicides, etc. Not everyone has your amazing resilience or selective grasp of history. Weird.

Anonymous said...

Millies could save $50 a week by not going to Starbucks.

Millies are weak and will soon be an extinct generation. RIP Millies.

Anonymous said...

Everyone knew that the hopeless, entitled Millies would shit their pants at the first sign of any real crisis.

Anonymous said...

9:15 appears to be only one who read the story. Paying back college loans but you work at a carpet store and coffee shop. That alone shows the lazy ass attitude of today's millennials. I didn't know carpet selling required a college degree. Credit maxed out and not a real damn thing to show for any of it. DoorDash jobs are held by those who want to claim low wages to be able to get all kinds of freebies and handouts. The delivery part isn't want pays it the tips you get which are cash and never claimed as income. Millennials who like to scam on life finally getting caught up in their own scams.

Anonymous said...

@ 9:15am

More than likely, their monthly rent is $800. There is no way they pay $3200 in rent a month. Of course, if one took two seconds to think about how ridiculous $3200/month for rent in Kansas City is (for a couple of 20-somethings), one could probably figure that out for themselves.

Anonymous said...

A common theme among most of these stories is choices.
- choosing to take on student debt but not getting a degree/job to pay for it.
- choosing to live in Hawaii without a job/skills to pay for the lifestyle
- choosing to a job that's easy with no growth prospects (i.e. coffee shops didn't pay well 70 years ago and they don't pay well today).

The new twist is the expectation that a college degree is a golden ticket (you've always had to do well in school, take advantage of opportunities, and make sacrifices to make an education work for you)

The new twist is the expectation that everyone should be able to live the perfect life in Hawaii, delivering some food a couple of hours every day and laying on the beach, without having financial struggles

The new twist is the expectation that working at a coffee shop should come along with financial independence. It's an entry level job (always has been) with few required skills and limited prospects.

Yes - COVID-19 has hurt a lot of people. Yes - some help from government is necessary (they're the ones telling everyone to stay home and close shop). What hasn't changed is personal responsibility and taking ownership for decisions that might make life harder for us than others that made better decisions.

Anonymous said...

10:57: Hey, dipshit. These people are not making a career of selling carpet or working in a coffee shop. They're doing this until they can find a good job. If you'd ever been to college, you'd realize sometimes it takes a while to find a job. I graduated fifty years ago and worked at a 7-11. No, it didn't require a degree, but it was a job that paid the bills until I had a career.

Instead of being such a fuckwad, you should be admiring these kids for taking what they can get until they get what they want.

You may now return to Fox News and your next between meals beer.

Anonymous said...

Except that well before this crisis the Millies were constantly being ridiculed for their weaknesses, social ineptitude, entitlement, and shitty choices.

Now they're another class of victim. Enjoy your beer!

Anonymous said...

^^^And yet so was every other generation when they were young. Weird.

Anonymous said...

Maybe they should have got a degree in computer science and software development instead of oceanography, because there are so many jobs in that field in Missouri.

Anonymous said...

Of course it hits them hardest. Everything does. Nothing but a bunch of drama queens over-analyzing every little thing in their "life."

Anonymous said...

"Maybe they should have got a degree in computer science and software development instead of oceanography, because there are so many jobs in that field in Missouri."

And yet you think they want to stay in Missouri? Very weird.

Anonymous said...

dave ramsey's approach is common sense and young people need to try it.

Anonymous said...

It's job CHOICE that put them in such a risky position, plain and simple. Carpet installer, barista, delivery driver, server at a gastro-pub, gig musician?... These are entry-level jobs, not careers, and entry level jobs come with low pay and less job security. Before the pandemic, we had record low unemployment, there were CAREER employment opportunities available for those wanting them, not just jobs.

I think that is where the generational difference exists. Previous generations prioritized obtaining stable careers as soon as possible, no "gap" years or treading water until the rest of the world realizes how special your talents are. Whether it be college and white collar opportunities, trade school or mentorship and solid opportunities in the trades, previous generations priortized these paths. Many of today's younger entrants to job market don't avail themselves of these options that are still plentiful, wanting a more "fulfilling" existence. It's a valid choice, but you can't bitch about the instability and risk that comes with it.

Anonymous said...

11:55 you did none of that and today you're still stuck at being a nobody by graduating to working to McDonalds. Notice no mention was made of his degree which I bet was some liberal arts or equally wasted education that seldom delivers a real career in the working field. Many and I mean many decent jobs out there paying more than hanging out at the local carpet store. This clown liked the part time carpet gig so he could have the other part time gig hanging out at the coffee shop with his fellow Bernie lovers who they have now seen has cashed in his chips and quit the game leaving all those who were thought the days of wine and roses were a coming isn't going to happen. The impeachment fail that his party so wanted to see take place and guess what, Nancy is soon not to be Speaker of the House as she will be removed taken out and a whole new change in politics is a coming. Time to get to work people and clean up your loser lifes.

Anonymous said...

And yet I earned a liberal arts degree in 1970 and in spite of working at 7-11 right after graduating, I did better than you'll ever dream of, and I can get through the day without drinking alcohol, unlike you. Weird.

Anonymous said...

Not really. Have you ever tried to read a book,Chimpy?

Anonymous said...

Yes, fantasy is fun. Keep those dreams alive.

Anonymous said...

^^^Have another drink, geezer.