OK Boomer, Let’s Talk: How My Generation Got Left Behind - Jill Filipovic
Language: EnglishKeywords:
Economics
Finance
Inequality
Neoliberalism
Politics
Shared by:daenigma100
Baby Boomers are the most prosperous generation in American history, but their kids are screwed. In this eye-opening book, journalist Jill Filipovic breaks down the massive problems facing Millennials, including climate, money, housing, and healthcare.
In OK Boomer, Let’s Talk, journalist (and Millennial) Jill Filipovic tells the definitive story of her generation - and it’s no joke. Talking to gig workers, economists, policy makers, and dozens of struggling Millennials drowning in debt on a planet quite literally in flames, Filipovic paints a shocking and nuanced portrait of a generation being left behind:
Millennials are the most educated generation in American history - and also the most broke.
Millennials hold just three percent of American wealth. When they were the same age, Boomers held 21 percent.
The average older Millennial has $15,000 in student loan debt. The average Boomer at the same age? Just $2,300 in today’s dollars.
Millennials are paying almost 40 percent more for their first homes than Boomers did.
American families spend twice as much on healthcare now than they did when Boomers were young parents.
Filipovic shows that Millennials are not the avocado-toast-eating snowflakes of Boomer outrage fantasies. But they are the first American generation that will do worse than their parents. “OK, Boomer” isn’t just a sarcastic dismissal - it’s a recognition that Millennials are in crisis, and that Boomer voters, bankers, and policy makers are responsible. Filipovic goes beyond the meme, upending dated assumptions with revelatory data and revealing portraits of young people delaying adulthood to pay down debt, obsessed with “wellness” because they can’t afford real healthcare, and struggling to #hustle in the precarious gig economy.
OK Boomer, Let’s Talk is at once an explainer and an extended olive branch that will finally allow these two generations to truly understand each other.
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| Creation Date: | Wed, 12 Aug 2020 18:18:49 +0100 |
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| Jill Filipovic - Ok Boomer, Let’s Talk Audiobook.mp3 250.85 MBs | |
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This post has 22 comments with rating of 5/5
August 12th, 2020
Criticism of Boomers?! The, er, greatest generation - bar none. Is a Boomer just somebody who’s conveniently older than I am? I’m not suggesting mass-homicide or anything, but inheritance might be an alleviating factor for Millennials, seeing as education is such a dead letter, with their advanced degrees in Keanu Reeves Studies.
Also voting. It’d be interesting to discover how many Millennial Falcons actually vote - or are even registered, given that they are eligible. Or is it like the young folks in Britain who were so deeply impassioned about Brexit - and disproportionately effected by the possible outcome - that they never even bothered to register. Although they regularly vote on their favoured contestants in reality television shows. And, notoriously, the next day’s top google search was “What the heck is the EU anyway?”
August 12th, 2020
caesar963, the Greatest Generation are not the same as Boomers. They’re the parents of Boomers.
In any case, as a millennial who has not had issues with paying my student loans, buying a house, or securing healthcare, I’m still interested in reading the perspectives of the author.
August 12th, 2020
Step very carefully and slowly away from the literalism…
August 12th, 2020
The reality is that her generation didn’t get “left behind,” they were indolently asleep in their coffins of entitlement.
August 12th, 2020
Brillo … spot on.
I need a physical copy - pandemic TP.
August 13th, 2020
wow these comments are an eye opener … I thought I was one of the few nonmillenials on this site but members clearly skew older than I presumed.
August 13th, 2020
Brillo… so millennials caused the 2008 crash? Or created the sociopolitical environment wherein instead of working to save money for the future we’re only working to service debts due to wage stagnation? Was it millennials who invented the idea of shareholder value being the only relevant aspect of corporate stewardship largely causing our present economic hellscape? Was it millenials who cut taxes and IRS funding so that companies like amazon pay less tax than trailer park residents in West Virginia? Nope, all of that was the boomers.
Boomers were originally called the “me me me” generation for a reason. If anyone in American history has an entitlement problem, it’s the boomers.
August 13th, 2020
@erouting-great summary-Another thing boomers are good at-evading responsibilty. “We didn’t start the fire” no longer is relevant .
August 13th, 2020
All her arguments are proximate causes.
The main reason Boomers had so much is because they could & they could because of loads of cheap abundant energy. Something millennials do not have access to, nor ever will, because it was a one time gift of 10 million years of stored sunlight. We’ve been getting by on the dregs & the declining, per capita, net energy will continue. Politics & that quasi religious pseudo science economics explain nothing. Physics, chemistry & biology are all that’s needed. The energy for a large middle class is no longer there & can no longer be papered over with debt. They can’t even maintain the infrastructure. Been ‘deferring’ maintenance for 40 years & debt at all levels is at unprecedented levels. For the last 40-50 years we stole energy from the future, via unpayable debt, to maintain an illusionary prosperity. Consequences time is here.
I get the Millennial anger, but I’ll wager their generation, or any other, would have thrown themselves the same party if they had easy access to the same amount of surplus energy. This is how life works. All life forms use the maximum amount of available energy their capabilities allow. Overpopulation & Overshoot are baked in via evolution & thermodynamics. Evolution selects for organisms who are energy gluttons & breeders & the ones that aren’t, are eliminated.
‘NET ENERGY IS THE CRITICAL VARIABLE’
Energy has always been the basis of cultural complexity and it always will be. —Joseph A. Tainter
http://www.jayhanson.org/oldindex.htm#net_energy_is_the_critical_variable
August 13th, 2020
The laziest but “most educated” generation ever in history is still whining? No surprises there. Nobody needs to listen to you - your achievements (or to be precise, the lack thereof) speak for you.
August 13th, 2020
Does anyone know how to register for the forums? It keeps telling me that my email address is spam when it’s not.
August 13th, 2020
This theory is proposed not only by millennials but their younger generation look up Eric Weinstein an ex Hardward mathematician that talks about the Boomer generation . I mean just look who we have running for president; two 70 year old born in 1940s check the average age and education of people in Congress; their age and qualifications doesn’t justify their positions in dictating policies for a world they don’t understand. Most of them have GEDs and have had some bosses from that generation I can tell that I respect them but damn they are dumb.
August 13th, 2020
To the guy who says we don’t have cheap energy?
Have you checked the gas prices lately? Before Beer Bug? Fracking has made the US the top producer of oil in the world. Energy is cheap and money is cheap. There is no excuses. And no economilospher from 2012 is going to change the fact the energy and the money are out there, you just have to take it.
Are you man enough to take it?
August 13th, 2020
Funny how millenials are dismissed as lazy and entitled — the wealth amassed in society mostly belongs to boomers, to have gathered this wealth in a period of clear environmental destruction. The only reason to ignore the destruction would be general indolence and lack of empathy with those suffering.
My theory is the boomers were raised on TV too much — parked in front of the tellybonkenbox while their parents worked to make sure they had exactly the right sugared cereal in the cupboard.
The result is quite literally a generation of self-centred psycopaths who maintain a vice-like grip on politics and the economy to their own ends.
I might listen to this book but it doesn’t sound like it’s gonna have a lot of insight that Marxian class analysis doesn’t do better.
We’re just looking at wealth hoarding to the detriment of the planet — it’s almost too banal.
August 13th, 2020
@Zenith666: if your email address is blocked, obviously use a different one.
Your IP might also be blocked, if so use a proxy.
August 13th, 2020
Generation X…forgotten again. We will inherit from the Boomers. We will bequeath to the Millennials. Honestly, both of you should thank us for being the ones needing to fix your problems since, apparently, they’re not ours.
August 14th, 2020
Every generation gets left behind eventually. It’s called the cycle of life and death.
August 14th, 2020
Boomers enjoyed the postwar boom thanks to John Maynard Keynes and abundance created by government spending and investment in education and infrastructure. Then they pulled the ladder and gave millenials nothing but recession, student debt and austerity. Some youngsters have never seen anything other than austerity or recession.
August 14th, 2020
Pumping money into defence spending during WW2 & the Cold War generated an artificial kind of boom. Then exporting the manufacturing base, lock, stock & smoking barrel, made the globalising financial sector happy bunnies.
Don’t imagine that the US is entirely a low tax economy. A wealthy French chap went to the US for medical treatment, and overstayed the permissible time for a non-resident, thereby effectively becoming resident. His treatment wasn’t successful, and he subsequently died in the US. The US Treasury laid claim to almost 50% of his assets as inheritance tax (somewhere in the region of 14 million dollars)
Oddly enough, inheritance is the primary means of wealth transmission/acquisition (for the insatiable State too). Somewhere of the order of 80% That’s some serious moola, heffe. Millennial Falcons will then be able to buy all the inane shyte of which they have always dreamed. If they haven’t already. After all, isn’t “Get buyin’ consumer halfwits!” the fifth noble truth of Buddhism?
August 15th, 2020
lol the “me” generation are so delusional they think they are the greatest generation.
August 15th, 2020
They’ve done the research, and apparently there’s no greater generation. The Great Depression/WWII generation are namby-pambies by comparison. Just so much Dust Bowl, all told.
May 15th, 2021
sounds like an interesting read, have others in similar light, in the comments various people were saying their is easy money out there , lo loan rates on what is basically debt as most nations are in huge amounts of debt, essentially passing I.O.U ’s from on to the other, hate to be the one holding the bag ( hot potato ),it seems that the boomers ( many not all ) don’t see the depletion of resources, higher prices, ecological decay,, the Spring is over and winter is fast approaching.
i wish the younger generation all the best for the next 50 years.
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