{"id":221617,"date":"2024-04-08T12:59:16","date_gmt":"2024-04-08T12:59:16","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/04\/08\/american-comedian-tim-dillon-slams-hypocrisy-of-baby-boomers-giving-property-advice-to-gen-z-and-millennials\/"},"modified":"2025-06-25T17:19:06","modified_gmt":"2025-06-25T17:19:06","slug":"american-comedian-tim-dillon-slams-hypocrisy-of-baby-boomers-giving-property-advice-to-gen-z-and-millennials","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/04\/08\/american-comedian-tim-dillon-slams-hypocrisy-of-baby-boomers-giving-property-advice-to-gen-z-and-millennials\/","title":{"rendered":"American comedian Tim Dillon slams hypocrisy of baby boomers giving property advice to Gen Z and millennials"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/04\/GettyImages-1382266732-e1712574048102.jpg?w=2048\" \/><\/p>\n<p>If Gen Z and millennials stopped wasting their salary on avocado toast and lattes they could buy a home, <a href=\"https:\/\/www.dailymail.co.uk\/yourmoney\/consumer\/article-12734863\/Oracle-Wall-Street-avocado-toast-generation-home-ownership.html\" target=\"_blank\" rel=\"noopener\" class=\"sc-76811d68-0 jyYcOa\">critics of a certain age<\/a> often lament. However, the American comedian Tim Dillon has just pushed back at the rhetoric and highlighted the perceived hypocrisy of baby boomer\u2019s unsolicited property advice.<\/p>\n<div>\n<p>Dillon, a New York native millennial who has a book coming out about the generation,<em> Death by Boomers, <\/em>branded those born between 1946 and 1954 \u201cvery sick people\u201d and \u201cemotional terrorists\u201d.<\/p>\n<p>\u201cI love the boomers, they are a selfish generation of people,\u201d Dillon said in the most recent episode of Steven Bartlett\u2019s <em>The Diary of a CEO podcast.\u00a0<\/em><\/p>\n<p>\u201cThe state of the boomers is these paranoid people who refuse to leave their McMansions\u2014they will not leave, they will not retire\u2014they lord around their houses (and) diminish their children, they say \u2018I can\u2019t believe you can\u2019t own something like this\u2019, holding these houses over their kid\u2019s heads.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<p><iframe title=\"Tim Dillon (Comedian): The Boomers Are A Selfish Generation And Gen Z Has Exposed Society&#039;s Scam!\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/J5lAgTvbGS8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<\/figure>\n<p>\u201cThey retired with bigger houses, they have thousands and thousands of square feet\u201d, he continued his rant, before joking: \u201cThey\u2019re holding the planet hostage, they won\u2019t die, they won\u2019t leave\u2014I\u2019ve suggested it before they be forcibly evicted from their homes and committed to mental institutions.\u201d\u00a0<\/p>\n<p>He\u2019s got a point about boomers in big houses: Research shows that baby boomers with empty nests are occupying roughly one-third of three-bedroom homes in the U.S.\u2014<a href=\"https:\/\/www.redfin.com\/news\/empty-nesters-own-large-homes\/\" target=\"_blank\" rel=\"noopener\" class=\"sc-76811d68-0 jyYcOa\">twice as many as millennial families<\/a>. Meanwhile, Gen Zers with children own less than 0.5% of the large home supply.<\/p>\n<p>Today, more than half of America\u2019s wealth belongs to baby boomers, and most of it is <a href=\"https:\/\/www.nasdaq.com\/articles\/more-than-half-of-us-wealth-belongs-to-baby-boomers:-will-other-generations-catch-up\" target=\"_blank\" rel=\"noopener\" class=\"sc-76811d68-0 jyYcOa\">tied to their real estate<\/a> as they hold off downsizing.\u00a0<\/p>\n<p>But by hanging on to their sprawling suburban homes, they\u2019re cutting off the supply of houses for young people.\u00a0<\/p>\n<p>It\u2019s one key reason why getting on the property ladder today is both nearly impossible and unaffordable for the so called \u201cavocado toast\u201d generation\u2014and why, as Dillon points out, baby boomers scrutinizing Gen Z and millennials for wasting money on rent or <a href=\"https:\/\/www.theguardian.com\/commentisfree\/2023\/apr\/17\/im-raising-my-children-in-a-flat-and-the-community-that-comes-with-it-is-worth-it\" target=\"_blank\" rel=\"noopener\" class=\"sc-76811d68-0 jyYcOa\">raising children in an apartment<\/a> is ironic.\u00a0\u00a0<\/p>\n<p><em>Fortune<\/em> has contacted Dillon for comment.<\/p>\n<h2 class=\"wp-block-heading\">The \u2018avocado toast\u2019 gen is over advice from baby boomers\u00a0<\/h2>\n<p>Millennials in droves signed up for college on the promise that it would lead to a lucrative career. Yet, despite being the most educated generation in history\u2014with Gen Z closely following behind\u2014millennials\u2019 financial prospects and chances of getting hired are significantly dimmer than those of <a href=\"https:\/\/fortune.com\/2022\/08\/30\/millennial-versus-gen-x-college-degree-value-employment-earnings\/\" target=\"_self\" rel=\"noopener\" class=\"sc-76811d68-0 jyYcOa\">Gen X graduates.<\/a>\u00a0<\/p>\n<p>To top that off, once young people do manage to find a job they are finding that their salary doesn\u2019t quite stretch like it did for their parents.<\/p>\n<p>To afford the median-priced home of $433,100, Americans need an annual income of roughly $166,600. However, the median household earns just $74,580, according to the brokerage <a href=\"https:\/\/homebay.com\/income-to-house-price-ratio-2023\/\" target=\"_blank\" rel=\"noopener\" class=\"sc-76811d68-0 jyYcOa\">Home Bay<\/a>, and entry-level positions pay around half of that.<\/p>\n<p>To put that into context, house prices have increased more than twice as fast as income has since the turn of the millennium\u2014and it\u2019s forcing young workers today to hold down not one, but <a href=\"https:\/\/fortune.com\/2023\/03\/20\/gen-z-polyworking-one-job-not-pay-enough-flexibility-paychex\/\" target=\"_self\" rel=\"noopener\" class=\"sc-76811d68-0 jyYcOa\">three or more jobs<\/a> to keep up with the rising cost of living.<\/p>\n<p>It\u2019s why 27-year-old Robbie Scott said in a viral TikTok video that he\u2019s no longer taking advice from baby boomers who don\u2019t know what it\u2019s like working hard only to <a href=\"https:\/\/fortune.com\/2024\/01\/26\/gen-z-over-having-work-ethic-questioned-most-boomers-dont-know-work-40-hours-week-not-afford-house\/?utm_source=search&amp;utm_medium=advanced_search&amp;utm_campaign=search_link_clicks\" target=\"_self\" rel=\"noopener\" class=\"sc-76811d68-0 jyYcOa\">\u201cget nothing in return\u201d<\/a>.<\/p>\n<p>\u201cWe need to stop expecting the same damn people who bought a four-bedroom home and a brand-new Cadillac convertible off of a $30,000-a-year salary to understand what it\u2019s like to be working 40-plus hours a week with a master\u2019s degree and still not being able to afford a 400-square-foot studio apartment in bumf-ck Iowa,\u201d Scott scoffed to over 2 million viewers.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Instead, they\u2019re \u2018scamming\u2019 the system<\/h2>\n<p>As well as blocking out the wise words of baby boomers, Gen Zers who feel like they were sold a lie are now \u201cscamming\u201d their employers, ditching degrees and <a href=\"https:\/\/fortune.com\/2023\/12\/22\/gen-z-millennials-housing-market-doom-spending-meaning\/\" target=\"_self\" rel=\"noopener\" class=\"sc-76811d68-0 jyYcOa\">doom-spending<\/a> to make a point.<\/p>\n<p>Anette Suveges, a 27-year-old account executive previously told <em>Fortune<\/em> that her generation is <a href=\"https:\/\/fortune.com\/2024\/02\/03\/housing-market-gen-z-spending-influencer-lifestyle-envy\/\" target=\"_self\" rel=\"noopener\" class=\"sc-76811d68-0 jyYcOa\">spending like there\u2019s no tomorrow<\/a> because low salaries paired with record-high rent and living costs means they\u2019ll never be able to save enough to buy a home anyway\u2014so they may as well enjoy the fruits of their labour instead.<\/p>\n<p>\u201cI\u2019m going to get the expensive avo on toast, I\u2019m going to get the expensive coffee because I know that it\u2019s not these things that are sabotaging my future\u2014it\u2019s the system that we live in,\u201d Suveges said. \u201cMe and the rest of my peers, we see through the flaws in the system and that it\u2019s ultimately the salaries and the economy that make a difference, not our purchasing decisions.\u201d<\/p>\n<p>It\u2019s leading the next generation of workers to shun college altogether and take <a href=\"https:\/\/fortune.com\/2024\/04\/04\/gen-z-choosing-trade-schools-college-welders-carpenters-six-figure-job\/\" target=\"_self\" rel=\"noopener\" class=\"sc-76811d68-0 jyYcOa\">up traditional trade jobs<\/a> like plumbing and carpentry where they can earn six-figure salaries in the suburbs, without the burden of student debt.\u00a0<\/p>\n<p>\u201cPeople are starting to smell a rat,\u201d Mike Rowe, the CEO of MikeRoweWorks Foundation, recently quipped.<\/p>\n<p>Gen Z \u201chave figured out the country\u2019s a scam,\u201d Dillon echoed, before explaining that this helps explain why employers are struggling with their youngest cohort of workers being <a href=\"https:\/\/fortune.com\/2023\/11\/10\/whoopi-goldberg-gen-z-millennials-housing-ladder-american-dreamwork-four-hours-day-lazy\/\" target=\"_self\" rel=\"noopener\" class=\"sc-76811d68-0 jyYcOa\">lazy<\/a> and <a href=\"https:\/\/fortune.com\/2023\/11\/15\/mit-interviewer-gen-z-late-research-deadlines\/\" target=\"_self\" rel=\"noopener\" class=\"sc-76811d68-0 jyYcOa\">\u201calways late\u201d<\/a>.<\/p>\n<p>\u201cWhen you figure out the country is a scam you can approach it the way a con artist or a scammer would approach it which is what a lot of them do,\u201d he said. \u201cThey invent mental health ailments they don\u2019t have, they take days off on end, they terrify their superiors into respecting their mediocre shoddy quality of work.\u201d<\/p>\n<p>\u201cThis is something that I fully support,\u201d Dillon added. \u201cThey\u2019ve realised that a lot of this is bullsh-t so they\u2019re like why shouldn\u2019t I get in on it?\u201d\u00a0<\/p>\n<\/div>\n<div data-cy=\"subscriptionPlea\">Subscribe to the CEO Daily newsletter to get the CEO perspective on the biggest headlines in business. <a href=\"https:\/\/www.fortune.com\/newsletters\/ceo-daily?&amp;itm_source=fortune&amp;itm_medium=article_tout&amp;itm_campaign=ceo_daily\" target=\"_self\" rel=\"noopener\" class=\"sc-76811d68-0 jyYcOa\">Sign up<\/a> for free.<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/fortune.com\/2024\/04\/08\/american-comedian-tim-dillon-hypocrisy-baby-boomers-property-advice-gen-z-millennials-mcmansions-retire\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] If Gen Z and millennials stopped wasting their salary on avocado toast and lattes they could buy a home, critics of a certain 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