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re: Are you as wealthy as your parents were at your age ?

Posted on 3/2/16 at 3:00 pm to
Posted by DoUrden
UnderDark
Member since Oct 2011
25965 posts
Posted on 3/2/16 at 3:00 pm to
Based on this calculator I am not making more than he was at my age adjusting for inflation.

LINK
This post was edited on 3/2/16 at 3:01 pm
Posted by dnm3305
Member since Feb 2009
13610 posts
Posted on 3/2/16 at 3:02 pm to
quote:

I'm wealthier. I don't have a bad arse kid to pay for


Posted by BeerMoney
Baton Rouge
Member since Jul 2012
8390 posts
Posted on 3/2/16 at 3:05 pm to
Yes. They're pretty much banking on me to pay for a decent funeral and put them in a home one day also. Dad was a mechanic and mom a secretary for the state. We ate a lot of beans growing up baw.
Posted by Hog on the Hill
AR
Member since Jun 2009
13389 posts
Posted on 3/2/16 at 3:11 pm to
Yes
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55839 posts
Posted on 3/2/16 at 3:13 pm to
Yes.
Posted by LSUDAN1
Member since Oct 2010
9001 posts
Posted on 3/2/16 at 3:14 pm to
I exceed my parents wealth probably by 5 fold at this same age.
Posted by Artie Rome
Hwy 1
Member since Jul 2014
8757 posts
Posted on 3/2/16 at 3:18 pm to
quote:

Me no


My dad had a very nice home paid for over 40 years ago. He has not financed a thing since then. He has never made a ton of money but everything he ever touched made a good return.
Posted by Rockbrc
Attic
Member since Nov 2015
7943 posts
Posted on 3/2/16 at 3:34 pm to
No
They were smarter
Posted by Gulf Coast Tiger
Ms Gulf Coast
Member since Jan 2004
18679 posts
Posted on 3/2/16 at 3:37 pm to
I am making a lot more money and am much better off financially than my parents
Posted by High C
viewing the fall....
Member since Nov 2012
53945 posts
Posted on 3/2/16 at 3:38 pm to
quote:

Yes. However, I was the first person in my family to graduate from college


Same
Posted by ShoeBang
Member since May 2012
19365 posts
Posted on 3/2/16 at 3:38 pm to
Adjusted for inflation, I make about 10k more per year now than my parents made together in 1991 (age 31). They have 3 college degrees between them. I have 0. When you add my wife's salary, and compare to theirs, we are 38% more wealthy than they were at 31 adjusting for inflation.
Posted by Boondock Saint
The Boondocks
Member since Oct 2005
4544 posts
Posted on 3/2/16 at 3:40 pm to
My dad is a doctor so he has always done well. I am probably pretty equal to him when he was my age (40). Of course now he is a semi retired multi millionaire so I have some catching up to do....
Posted by 805tiger
Member since Oct 2011
4512 posts
Posted on 3/2/16 at 3:42 pm to
I'm 26 and making more than what my parents were making at my age. My dad was in the Navy and my mom was a secretary and doing assembly line work at a factory.
Posted by TejasHorn
High Plains Driftin'
Member since Mar 2007
10981 posts
Posted on 3/2/16 at 3:43 pm to
I make twice as much as my Dad at this age but he lived in a bigger house, supporting 3 kids and a wife.

Granted, he wasn't OT balling like me though.

Posted by JJBTiger2012
Louisiana
Member since Jun 2013
1891 posts
Posted on 3/2/16 at 3:43 pm to
We make double, maybe triple the money that my parents did.
Posted by DoUrden
UnderDark
Member since Oct 2011
25965 posts
Posted on 3/2/16 at 3:45 pm to
I'm close, but at my age my dad was an E-9 with over 28 years, base we are dead even but when you factor in housing, meals allowance, and the other extras he pulls ahead. (adjusted for inflation)
This post was edited on 3/2/16 at 3:46 pm
Posted by ithad2bme
Houston transplant from B.R.
Member since Sep 2008
3472 posts
Posted on 3/2/16 at 3:47 pm to
About the same, and he retired debt free with enough put away to travel at age 58. I hope I can do the same.
Posted by Old Money
Member since Sep 2012
36484 posts
Posted on 3/2/16 at 3:48 pm to
Definitely not. Everyone on my fathers side of the family has gone to a University since like.. maybe 16XX?
This post was edited on 3/2/16 at 3:49 pm
Posted by Bullfrog
Institutionalized but Unevaluated
Member since Jul 2010
56399 posts
Posted on 3/2/16 at 3:57 pm to
Not yet.
Maybe not ever.
Posted by boosiebadazz
Member since Feb 2008
80388 posts
Posted on 3/2/16 at 4:02 pm to
I think I make more than either of my parents did individually.

However, I get to do that because they sacrificed and stressed the value of education so that I could get the degrees that allow me to make good money.

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