Re:Cool Derivatives and Bank Consultants
by cryoshon on Wednesday August 19, 2015 @02:51PM
(#10087622)
Yes, your reaction is similar to mine. I am a millenial.
Maybe once there is stability again there will be investment from millenials. Otherwise, it's another laughable instance of Wall Street not understanding Main Street, as trite as it sounds.
Re:Cool Derivatives and Bank Consultants
by roymurdock on Wednesday August 19, 2015 @02:52PM
(#10087629)
Agreed. Here's my analysis of the situation, posted as a response to an article on slow income growth:
Quite honestly if I was a millennial (I'm close), I would not even be thinking about saving, let alone gambling on the stock market, given today's economy. My financial worries would be about exorbitant, growing rent payments, the huge burden of student debt, a dim and worsening job market, automation (which hits low-skill and low-experience workers hardest) and the disappearing opportunity to own a home and start a stable family.
Telling millennials to gamble their nonexistent disposable income on Wall Street financial products is kind of tone deaf, given the economic outlook for this generation.