Baby Boomers, Gen X, Millenials, and the Economy
Terrance Young
Leslie Gerber
Obama's Call to Service
February 10, 2011 The Millennial generation started to add many more immigrants to the United States. More immigrants have come in during this generation than the previous two combined. It is like every time turn the corner there is an immigrant somewhere in the area. Everyone wants to live the American dream and they will do as much as they can actually come over to live that dream. Due to this, we have many illegal immigrants and it is a growing problem in the United States. A really big problem that is going to effect us all though is the fact that the many baby boomers who were born before are starting to get old and are taking in a lot of money. They are getting money from retirement and social security. Many of the younger people, or children of the boomers, are having to spend a lot of money on them also. They watch after them and pay for any bills or payments that they really need. Most of the money that they have go into to helping to pay for medicare and social security. Another factor that is contributing to the low amounts to money to help the boomers, is that the Generation Xer's are also getting old and they are using a lot of money for their surgery and other medical expenses. A lot of the money that is having to be used in coming from a lot of Millennials and when we get older, there will be very little money to actually help us. Mark Bowerline calls the Millennials the “Dumbest Generation”, and he made a book about why he thinks so. He says that we are too distracted from life so we don't really know what is going on around us. We are so caught up with materialism that stuff that really matters kind of just slips right over our heads. We also in a way don't really get the chance to do things by ourselves. We are very close to parents and our parents want to do everything for us, so it is like we are just going through life with nothing to worry
Leslie Gerber
Obama's Call to Service
February 10, 2011 The Millennial generation started to add many more immigrants to the United States. More immigrants have come in during this generation than the previous two combined. It is like every time turn the corner there is an immigrant somewhere in the area. Everyone wants to live the American dream and they will do as much as they can actually come over to live that dream. Due to this, we have many illegal immigrants and it is a growing problem in the United States. A really big problem that is going to effect us all though is the fact that the many baby boomers who were born before are starting to get old and are taking in a lot of money. They are getting money from retirement and social security. Many of the younger people, or children of the boomers, are having to spend a lot of money on them also. They watch after them and pay for any bills or payments that they really need. Most of the money that they have go into to helping to pay for medicare and social security. Another factor that is contributing to the low amounts to money to help the boomers, is that the Generation Xer's are also getting old and they are using a lot of money for their surgery and other medical expenses. A lot of the money that is having to be used in coming from a lot of Millennials and when we get older, there will be very little money to actually help us. Mark Bowerline calls the Millennials the “Dumbest Generation”, and he made a book about why he thinks so. He says that we are too distracted from life so we don't really know what is going on around us. We are so caught up with materialism that stuff that really matters kind of just slips right over our heads. We also in a way don't really get the chance to do things by ourselves. We are very close to parents and our parents want to do everything for us, so it is like we are just going through life with nothing to worry