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You might’ve done everything ‘right’ growing up: you studied hard, got the degree you wanted, worked your butt off. But even if you did everything that your parents told you to do, success isn’t guaranteed. Heck, sometimes, a comfortable middle-class lifestyle seems out of reach. And there you are—well-educated, with a strong work ethic—unable to find even a low-income job to pay your rent. And it isn’t all your fault: the world has changed.

These and other struggles that millennials, especially working-class ones, face are documented on the ‘Lost Generation’ subreddit. It’s an online group, founded in 2009, in the wake of the previous financial crisis, that has nearly 262k members and calls out capitalism, income inequality, and how unfair the system can sometimes be. We’ve selected their top posts for you to see, dear Pandas. You’ll find them below, as you scroll down.

Some of you highly-educated Pandas will have noticed that the subreddit’s name refers to the Lost Generation that was in early adulthood during World War I. The term refers to how disoriented, wandering, and directionless many people in the postwar period felt. Feelings that some millennials (aka Gen Y) and members of the younger generations embody as well.

Bored Panda reached out to Eddy Ng, the Smith Professor of Equity & Inclusion in Business at Queen’s University, for his insights on how the financial crisis of 2008 restructured the economy and affected millennials, as well as the fact that the Covid-19 pandemic has exacerbated inequality. Bored Panda also had an in-depth discussion with the head moderator of the r/lostgeneration subreddit, u/Adahn5. Scroll down for both exclusive interviews.

#1

Vanilla Wafers Are More Than Half Of What Minimum Wage Workers Earn In An Hour

Vanilla Wafers Are More Than Half Of What Minimum Wage Workers Earn In An Hour

bipolarspacecop Report

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Penny Fan
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Read Jack Monroe "The Bootstrap Cook", it's an eye opener and anyone who thinks poor people should just "budget better" needs their heads kicking.

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"We had the global financial crisis which led to many millennials who were employed being displaced. When the economy recovered, it changed structurally, and many quality jobs were lost," Eddy from Queen's University told Bored Panda. He explained that this then led to the emergence of various precarious jobs, the gig/sharing economy, and the rise of digital labor. The result? Income and social inequalities for those unable to join the new economy.

Eddy pointed out that some racialized groups, e.g. Black and Brown workers, fall into a poverty trap and are unable to climb out of it. The expert stressed that financial literacy, while helpful, might not be enough for people to pull themselves out of poverty. "You need to have the resources to, for example, access training and education," he said.

Meanwhile, fast-forward to the present day and you can see that the Covid-19 pandemic has exacerbated the factors that contributed to income and social inequalities. "Workers work more hours with lower pay in order to survive. That leaves little time to accumulate the necessary resources for skill upgrades or retooling for the new economy. This is the poverty trap I alluded to," he said.

#3

Workers Deserve Better Than This

Workers Deserve Better Than This

Smoke_Me_When_i_Die , jo_leeeee Report

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NsG
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Ah yes, Ann Widdicombe. The one woman representation of Boomers, Karens and the reason Brexit happened with no thought for Northern Ireland because they just wanted to bring the Empire back to when England (important - not Britain, England) was important. God, I hate being English.

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Meanwhile, redditor Adahn5, the head moderator of r/lostgeneration, told Bored Panda that they consider millennials, aka members of Gen Y, to be born between 1981 and 1996. They noted that some of the ambiguity about who might or might not be considered a millennial stems from whether or not someone grew up near the beginning or the end of the generation. What's more, those growing up with siblings may have been influenced to have different identities, too.

However, the moderator thinks there's a certain element of subjectivity here, too. "From our perspective, if you consider yourself to be a millennial, you're a millennial. Though when it comes to the subreddit, we try to cultivate a sense of working-class solidarity that intersects with this generational experience, more than just making it drily about the clichés or memes of what it means to be a millennial," they told Bored Panda.

#4

Don’t Forget Their Morning Routines

Don’t Forget Their Morning Routines

xena_lawless Report

#6

A Choice?

A Choice?

AWizardIsYou Report

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Foxxy (The Original)
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Wellll. You gotta eat and you need money. There is a lack of jobs so yeah, you kinda are forced to work the job you hate.

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According to Adahn5, neoclassical or classical economists tend to argue that a lack of financial literacy might be the main issue that millennials face. "But the truth of the matter is that this perspective ignores greater, macro-economic and historical development of capitalism. The contradictions present in this system, such as the need to seek greater profits by offshoring jobs, the articulation of austerity measures that would cut public services and assistance programs, often coinciding with the drive for greater privatization and financialization of what were once public services, hand-in-hand with a freezing of wages since the 1970s, would better explain the burden that Gen X first experienced, that millennials were saddled with, and that Gen Z were effectively born into."

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In short, the subreddit broadly believes that there are socio-economic problems present that can't be solved just by improving financial literacy on an individual level.

I was curious to learn more about the online community's history and Adahn5 kindly explained the roots of the group and how things changed. All of the current moderators weren't there at the founding of the sub back in 2009, right after the recession. It was at the time that "American millennials were very starkly shown that the promise most of them were held to, that if they studied hard, got into college, and graduated with a decent degree, they would have a guaranteed job, turned out to be false." The financial situation was tragic and the repercussions were catastrophic.

#7

The Struggle

The Struggle

Manealendil Report

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WilvanderHeijden
Community Member
2 years ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

We bought our house in 1992 for € 50 000. It's now valued by the council at €180 000, but in real life similar houses in my street have sold for €325 000. So yes, millennials don't stand a chance on the housing market.

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#8

Precisely

Precisely

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WilvanderHeijden
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

When the hope that Alzheimer's doesn't make you accidentally vote for something that is beneficial for the people is fighting with your fear of sh!tting your diaper in congress.

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#9

Pay People What They Are Worth!

Pay People What They Are Worth!

Lucky_Strike-85 , DanPriceSeattle Report

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Ryan Deschanel
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Biden said "pay them more" and he was right. That's the invisible hand of the market : if work is too expensive, pay your workers more.

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"The subsequent debt that most were saddled with, combined with the badgering of their parents and the mainstream media portraying them as lazy, entitled, or unrealistic, lead to the feeling of discontent that fueled the initial impulse for the subreddit's creation."

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According to the head mod, the members of the r/lostgeneration community have become much more class conscious, has shifted from criticizing Baby Boomers to incorporate anti-capitalist theory, and focuses on working class solidarity across generational lines.

"There's been a shift in understanding that much of the ideology arrayed against us isn't solely based on generational disagreements per se, but also in capitalist hegemony. Our parents and grandparents, for example, particularly if they already held some conservative viewpoints before, fall easy prey to mainstream media narratives that exemplify the talking points expressed above. That the kids of yesterday made the wrong moves, chose the wrong degrees, were coddled and thus developed faulty characters, and that they ought to blame no one but themselves for their lot in life," they explained.

#11

One Law For Them, Another For Us

One Law For Them, Another For Us

john_brown_adk Report

#12

Translation: Ok Boomer

Translation: Ok Boomer

YuriRedFox6969 , thegallowboob Report

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WilvanderHeijden
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Generalizing an entire generation because of the stupidity of some, isn't changing anything for millennials.

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The head moderator added that they've noticed quite a lot more people questioning the system we're currently living in every time there's an election cycle and equality-conscious politicians like Jeremy Corbyn in the UK and Bernie Sanders in the US lose. "Their defeats have only led to further questioning of the system and deeper criticism of the socio-economic system and the state apparatus on which it depends," they said.

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Redditor Adahn5 also shed some light on what most of the members of the subreddit are like. As you could expect, a lot of them are (over)educated. "The people who frequent the sub are intelligent, critically-thinking young folk, overwhelmingly educated," they told Bored Panda, pointing out that many have at least a bachelor's or master's degree while some even have PhDs.

"They realize the core issues that they face are not of their own, individual making. Any political organization or party seeking to develop a set of popular policies would do well to incorporate and adhere to a platform that incorporates the needs of young folk. If they did, they would have at their back a great number of highly trained, articulate, and competent workers whose only desire is a bit of comfort and for their lives to have meaning and purpose."

#13

But Did They Really Try Making Coffee At Home?

But Did They Really Try Making Coffee At Home?

whotookconfeti , HighyieldHarry Report

#14

Just Make It Illegal

Just Make It Illegal

Active-Ad-233 Report

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DonS
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

It's a problem in my hometown right now. Private interests from oversea and local buys houses and residential buildings, a lot in less fortunate neighborhood. For the house, they don't even flip them, they just raise the price after buying from 300K to 800K. For residential building, that's where I hope there's a special kind of hell for those people. They use a loophole in the law where they evicted EVERYONE for "renovations", changes a few door and then re-rent the apartment for twice or triple the rent. I've seen affordable 500-600$ apartments getting their door changed and being re-rented 1200-1800$ a month. Politicians says they care, but they don't care at all since those buildings makes more money from taxes.

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#15

We Have Been Conditioned To Ask For The Bare Minimum

We Have Been Conditioned To Ask For The Bare Minimum

snoogenfloop Report

At the core of the ‘Lost Generation’ subreddit lies the belief that millennials struggle far more than previous generations. Despite being educated and following their family members’ advice, they’re not all enjoying the same success as their loved ones. In short, they were promised the world but realize to find that carving out even a small scarp of muddy land on God’s green Earth for themselves can be tremendously difficult to do.

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Finding a job was hard enough. Then the Covid-19 pandemic hit and sent shockwaves through the labor market. If that wasn’t enough, some millennials feel like they don’t know what to do with their lives even if they manage to get a stable job, buy a house, get married, and have kids. Directionless? Like the actual Lost Generation from a hundred years ago? Perhaps.

The subreddit frowns upon any posts that have nothing to do with working-class millennials “or their shared experiences.” They also don’t allow any so-called ‘Boomer Ideology’ in their group. “Poor-shaming, bootstrapping, anti-millennial rhetoric, or using stand-point epistemology to justify inequality, injustice, or oppression, is not sanctioned,” the moderators explain.

#17

I’ve Been Trying To Explain This To My Parents For A While

I’ve Been Trying To Explain This To My Parents For A While

LaLaRobotica , Seglegs Report

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WilvanderHeijden
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Sad but true. Even young people outside of the USA are finding it very difficult to get a decent start in life. Only when you have a more than moderate income, you'll be able to buy or rent a decent house and start a family. And it doesn't look like that is going to change very soon. In the meantime shady landlords and investors are buying up every house that comes on the market to make ridiculous profits by renting them out. And as usual; Authorities are reluctant to stop these practices.

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#18

How It Started, How It's Going

How It Started, How It's Going

coffeeblossom , bocxtop Report

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Tobias Rieper
Community Member
2 years ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

people are willing to pay into a fund to help someone get medical treatment that they wont benefit from but wont pay extra for universal healthcare because they dont want to pay for someone else this is exactly how universal healthcare works like a nationwide go fund me only you actually get to benefit from it imagine everyone paying into a fund like we do in the UK we call it national insurance if a country the size of the US did that they would solve their issues with paying for healthcare

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Naturally, there’s no place for any hate speech or oppressive language on the sub. And the moderators note that “anti-working class rhetoric and ideologies” aren’t welcome either. In other words, new members are expected to be polite and to toe the subreddit line carefully. Whether or not this stifles genuine discussions about capitalism, generational differences, and economics is another question entirely. Hopefully, the subreddit engages with those who genuinely want to discuss these things and isn’t just an echo chamber for its members to vent.

Eddy, who was previously the James and Elizabeth Freeman Professor of Management at Bucknell University, also shared his thoughts about millennials during an earlier interview with Bored Panda. To be fair, there are various interpretations about who can technically be considered to be a millennial, depending on who you ask. There is also some overlap with Gen Z and we can even talk about older and younger millennials as well. In short, when it comes to millennials, things aren’t as clear-cut.

“Millennials have been defined by demographers in North America as those born on or after 1980/1981. Generally, they have been socialized during the turn of the century with technology influencing everything they do. Because they have been raised in a relatively middle-class environment, they tend to be over-parented (the terms ‘helicopter parents’ and ‘lawnmower parents’ were coined to describe the parents of millennials),” Eddy explained to me earlier.

#21

It Isn’t Adding Up

It Isn’t Adding Up

libbybakalar Report

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Adrian
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

As a Brit, living in the US, I wonder about the mentality that everyone here is so "free". Perhaps free from healthcare, social safety nets, etc.

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“As a result, millennials have higher self-esteem compared to previous generations. They tend to portray themselves as assertive, ambitious, and achievement-oriented. The general public and media have also referred to Gen Z (those born on or after 1995) as millennials. We should bear in mind that the oldest millennials are now about 40 years old (from the Gen Y cohort).”

Eddy went further in-depth about millennials. “Because millennials were raised in very different environments (middle class, over parenting which is a part of the self-esteem movement), they do not conform to the more traditional approaches of doing things. For example, there is less respect for hierarchy and ‘doing time’ as technology has changed the way we work,” he said.

“This inevitably creates a faultline in the workplace between older and younger generations of workers. Older workers (e.g., boomers) are rule-bound (they created the rules!), millennials ignore them and rewrite these rules. For example, older workers strictly observe the 9 to 5 workday, millennials would stream into the workplace at 10 but work during their ‘waking hours. Previous generations find these behaviors to be irritating,” he said.

#22

Gatekeeping Through Irresponsibility

Gatekeeping Through Irresponsibility

BeardedManKid Report

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WilvanderHeijden
Community Member
2 years ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

The now 73 year old would vote for the same politicians again because they were the best politicians ever....

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#23

Less Yachts More People Able To Afford Food And Have A Roof Over Their Heads

Less Yachts More People Able To Afford Food And Have A Roof Over Their Heads

aristhought , danadonnelly Report

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John L
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Capitalism, isn't the problem...corruption is. Plenty of capitalist nations and their citizens fare fine....most, really. The US is different in that we don't use the word corruption...we call it lobbying and career politicians.... Funny how these people go into it for "service" and end up part of the richest percentage of this county.

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#24

Six Dollars

Six Dollars

Manealendil Report

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Paul Davis
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I've literally never seen a coupon for any kind of healthy food, ever. They're always only for processed junk food.

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“Every generation is focused on themselves—even boomers and Gen Xers. It’s really interesting hearing Gen Ys (older millennials) complaining about Gen Zs (younger millennials). ‘Kids these days…’ Part of this can be explained by the anxiety or fear of being displaced,” the expert explained.

“Boomers considered themselves as ‘the greatest generation.’ This (irrational) fear is most acute when technology changed how we live and work. Millennials, having been born and raised in a digital era, are much more adept and versatile in incorporating technology in everything they do. The boomers find it more difficult transitioning from their pre-technology ways. They still wear an old-fashioned analog wristwatch (to tell time) and don’t understand why millennials need to be plugged in through their smartwatches.”

#26

Mission Impossible

Mission Impossible

peterstefanovi2 Report

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WilvanderHeijden
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

In 1992 we had a combined income of €900 per month. We had no problem to get a €50 000 mortgage on a 1930's house without central heating and in bad state of repair.

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#27

How Capitalism Cause Generational Gap

How Capitalism Cause Generational Gap

Active-Ad-233 Report

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third molar
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Check engine is more scary even on memes than a horror movie....

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Meanwhile, financial expert Sam Dogen told Bored Panda that building wealth requires four things: belief, grit, time, and community. He also notes that a lack of financial education might be the biggest obstacle to climbing out of poverty and building wealth.

“We learn things like chemistry, geology, and English in high school and college, but there are no mandatory courses on personal finance. For example, if more people thoroughly understood their mortgage contracts before signing, the housing crisis between 2008–2010 may not have been as deep,” he told me.

#28

I Think This1% Are Unaware Of Other People

I Think This1% Are Unaware Of Other People

Ch_Anderson , eeberquist Report

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WilvanderHeijden
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

No, half your politicians just don't give a f**k about you, and the other half can't be bothered.

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#29

Mission Accomplished - Covid-19 Edition

Mission Accomplished - Covid-19 Edition

yuritopiaposadism Report

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WilvanderHeijden
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Only difference is that Covid still is active and doesn't make prisoners.

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#30

I Feel Motivated

I Feel Motivated

virtualtowel5 , not_brielle Report

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Lucifer
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

The problem isn't with capitalism. The problem is with American style capitalism. Everything "American style" is a huge problem. Capitalism, Healthcare, Education, Military, Politics, Religion, Housing, Food and even Democracy. Reagan & his cult have done most of the damage & Republicans have continued with those policies to date.

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“If more people knew they could negotiate a severance instead of quit with nothing, more people would have a more comfortable financial runway to take their time and find a new job or start a new business that is truly meaningful to them. The more people are empowered with financial knowledge, the better financial decisions they can make to ultimately live the lives they desire," Sam said.

#31

Political Evolution Of Millennials

Political Evolution Of Millennials

derivative_of_life Report

#33

Hindsight Is 20/20

Hindsight Is 20/20

iota1atg , Steffanoodle Report

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All's Gravy
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

GenX had childhood threat of nuclear Armageddon, teenage terror of AIDs/HIV, Adult recession after recession and negative equity, Nuclear disaster after nuclear disaster, climate crisis where no one was listening.

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#34

Have You Realized Skills Of Average Person Have Increased But Wages Still Remain D Same!?

Have You Realized Skills Of Average Person Have Increased But Wages Still Remain D Same!?

iota1atg Report

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C W
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I applied to 72 jobs recently. I have a BSN (I wanted to get away from floor nursing as I was burnt out) and got a MBA with emphasis in healthcare management. I got 2 call backs, one offer for a entry level job at half of what my first nursing job paid 10 years ago. And back then, that baaaarely paid my minimum student loans due. I was a RA and worked all through college, which wasnt recommended in the program. Lived with my parents and worked 6 or 7 days a week at different nursing jobs to afford a super crappy house after a few years. I was able to live with my parents after graduation and have my aunt co sign for my student loans to even get approved for them. How the s**t do you make it otherwise??

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#35

Every. Election

Every. Election

cannibaljim Report

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rspanther
Community Member
2 years ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Maybe we should look for the greater of two evils for a change? Cthulhu 2024!

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#36

Not To Mention The Debt

Not To Mention The Debt

codedblood , TakeForGrantd Report

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Kanuli
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Where I live you can apply for examina for like 700, and if you pass you get the same degree than the one I paid 13k for.

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#37

Minimum Wage Earners Can’t Afford A Two-Bedroom Rental Anywhere

Minimum Wage Earners Can’t Afford A Two-Bedroom Rental Anywhere

free-whitebird , ncjustice Report

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Mindghost
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

The update for WORLD ENGINE v1.01 will clear out this bug and will arrive at 404NOTFOUND

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#38

Family Dependent Surpasses The Great Depression

Family Dependent Surpasses The Great Depression

Active-Ad-233 Report

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ZAPanda
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

That's because you privatised education. Stop doing that. Nationalise all your hospitals and universities.

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#40

The Dream Killer

The Dream Killer

iota1atg , existentialcoms Report

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WilvanderHeijden
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Explains why a growing number of US citizens are moving to other countries.

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#41

Worker Shortage Is A Corporate Pr Spin For Capital Strike

Worker Shortage Is A Corporate Pr Spin For Capital Strike

Pleasant-Force Report

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Natalie Kelsey
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

My son was looking for a job this summer and all these places with "sorry our hours are erratic, we're understaffed" wouldn't hire him. He's 18 and just wants to work, willing to take minimum, and had to apply to 20 entry level jobs before someone hired him, despite everywhere claiming to be drastically understaffed. I call BS.

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#43

Go To College, They Said. Get A Job And Buy A House, They Said

Go To College, They Said. Get A Job And Buy A House, They Said

saps233 Report

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Tobias Rieper
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

its ridiculous i cant afford to live by myself i live with my parents and im 39 there is no point in me moving out if its gonna cost me nearly all of my earnings each month

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#44

When I Magically Become An Adult In 3 Month

When I Magically Become An Adult In 3 Month

Active-Ad-233 , TheGrimSnark Report

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WilvanderHeijden
Community Member
2 years ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

They could have also joined the military, kill people and get a free education. But no alcohol allowed...

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#45

Anytime Now

Anytime Now

muckitymuck , CyberSnark Report

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Sky Render
Community Member
2 years ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I have this horrible feeling that the next housing price bubble collapse is going to be followed by every available house being bought up for pennies on the dollar by greedy corporations and rented out at absurdly inflated prices because they can afford to do that.

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