The Battle of GameStop
> The same emotion that caused us to root for the thieves in Ocean’s 11 is what makes Wall Street Bets so enticing. Put frankly, Millennials are tired of getting fucked by the man. When you’re underemployed with $100,000 in student loan debt, your financial situation feels overwhelming. You really don’t want to take the advice of your parents or CNBC talking heads [5] to invest 10% of your salary for a 4% annual return. At that point, what’s another $5,000? Might as well buy some short-dated GME calls.<p>Well put. I was explaining to a friend of mine a few weeks ago why cynicism is so prevalent in our generation: we graduated in 2008 where banks, not our parents, got the bailouts; we got stuck with thousands in student debt; the dream of marrying a pretty wife and having a few kids, working for a company for 40 years, and retiring in Cabo is a relic of the 1950s; we lived with our parents until our 30s, and in spite of being so "connected," we are more lonely, have less friends, and are having less sex than previous generations; unless, I guess, you count the COVID shutdowns screwing young people yet again.<p>It's a never-ending shit-show. At least <i>some of us</i> are getting rich in /r/wallstreetbets.