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re: 1 in 6 millennial: $100k saved in bank

Posted on 1/24/18 at 6:38 am to
Posted by johnnyrocket
Ghetto once known as Baton Rouge
Member since Apr 2013
9790 posts
Posted on 1/24/18 at 6:38 am to
Most of the people I knew moved out on their own by 17 or 18yrs old. Yes, they had roommates to pay rent. They did not live with their mommy.

I see more young adults now living with their parents or off of their parents than ever before. Some parents even pay their kids house not which is unreal while their kid who is an adult partied all night and sleeps all day.

If you look at the upper scale apartments by LSU do you think these free loading kids and yes parents who kids get Tops (welfare for the colleges) could afford to pay rent at these places if they did not have Tops (welfare for universities and colleges).

When I went to school while in the military or after I got out the apartments or dorms around campus were very basic. Most people in school had part time jobs some people like myself a fulltime job while going to school.

Millennials are handed things other generations were told to work for. Yes, if you live at home with low rent or no rent, no student loans, etc you can build up a savings quicker.

Yes, I should not have to pay for Tops (welfare for colleges and universities to stay open). If you want to invest in your education work for it, take out loans paying the loan back, get good grades earning a scholarship, or join the military and or work for a company that offers college tuition reimbursement.
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35614 posts
Posted on 1/24/18 at 6:51 am to
I'd love to see the demographics of this survey or study that claims that 16% of millenials have over $100k. I'd be willing to bet that it's a pretty selective sample.
Posted by YoungManOldMan
Member since Dec 2017
1882 posts
Posted on 1/24/18 at 6:57 am to
quote:

do you think these free loading kids and yes parents who kids get Tops (welfare for the colleges) could afford to pay rent at these places if they did not have Tops (welfare for universities and colleges).


Tops is like $2,500 a semester. I paid $1,550 a credit hour at my college. TOPs isn’t putting anyone over the financial hump
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 1/24/18 at 7:39 am to
quote:

I see more young adults now living with their parents or off of their parents than ever before


Yes, about 5% more than in 1970. Though, you'd say it's doubled.

quote:

kids get Tops (welfare for the colleges)


You say this about 5 times, and I actually kind of agree with you. However, people your age are the ones that voted to have the program. That's like blaming kids for the child tax credit.

quote:

Most people in school had part time jobs some people like myself a fulltime job while going to school.



The same number or maybe even more do now.

quote:

Millennials are handed things other generations were told to work for.


What like crippling debt their parents accumulated?

quote:

Yes, if you live at home with low rent or no rent, no student loans, etc you can build up a savings quicker.



So on one hand you want to shite on young people for living at home, then on the other talk about how they can save money doing it while shitting on them for not having money?

quote:

If you want to invest in your education work for it, take out loans


They do because college is about 5 times more expensive in real dollars than when you went.

Look, this isn't that hard. I shite on the avacodo toast eating goobers just as much as you do, but the overwhelming majority of millennials are actually doing quite well for themselves. In fact, by most objective measures, they are doing much better than the Boomers and are working hard to try to clean up the messes they made.
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