As a Gen Xer I watch the generation battles with amusement. I have to take up for boomers in a way because they didn't have it as easy as a lot of the younger generation thinks because they weren't around to see it. A lot of the boomers bought their homes in the 70s and 80s. During that 20 years mortgage interests were always higher than they are now. I don't think they were ever lower than 10% in the 80s and topped out over 15%. That is shitty credit card interest during the life of Millenials. My mother was a corporate lawyer and my father was a surgeon and the average millennial has more shite in their house/apartment and toys in the garage than my parents did. They just hit the grind everyday and the 90s came and they made a metric frick ton of money in the market because other than a house they saved money.

The millennials will have their 90s, I'm willing to bet, but if they spend all their money on Temu and iPhone 27s they won't have anything to take advantage of it. Just remember being the victim just incentivizes you to underachieve.

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Posted by northshorebamaman

Cochise County AZ

Member since Jul 2009

35766 posts

Posted on 5/7/24 at 4:46 pm to Obtuse1

quote:
. I have to take up for boomers in a way because they didn't have it as easy as a lot of the younger generation thinks because they weren't around to see it. A lot of the boomers bought their homes in the 70s and 80s. During that 20 years mortgage interests were always higher than they are now. I don't think they were ever lower than 10% in the 80s and topped out over 15%. That is shitty credit card interest during the life of Millenials. My mother was a corporate lawyer and my father was a surgeon and the average millennial has more shite in their house/apartment and toys in the garage than my parents did. They just hit the grind everyday and the 90s came and they made a metric frick ton of money in the market because other than a house they saved money.

This was my boomer parents. My dad worked his way from driving a van delivering cheap bullshite toys to conveniance stores to station manager for an NBC affiliate and eventually running his own TV production company over the course of 30 years. He spent every bit of his free time on side hustles or doing major improvements to our house on his own, the sale of which allowed them to purchase a vacation home and a McMansion on the good side of town. Then he dropped dead in the driveway of his swanky new house at 53 from a massive heart attack.

This post was edited on 5/7/24 at 4:53 pm

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