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Message
1
Posted on 10/12/21 at 9:42 am to kingbob
quote:
spending more on luxury goods (craft beer, fancy coffee, dining out, high-end cell phones, etc)
this
quote:
start their careers saddled with crippling levels of debt.
and this
inflation, col is nonsense
Posted on 10/12/21 at 9:43 am to GreatLakesTiger24
quote:
Millennials make more money than any other gen. did at their age, but are way less wealthy
:surprised face:
I’m sure the dollar being worth about 7x more in 1980 has nothing to do with it. It’s gotta be all the avocado toast and craft beers. It also has nothing to do with people living longer and staying in the workforce longer depressing wages “$23,000 was more than enough for me when I was 25! And I raised three kids and owned a house! You must be terrible at money!” …straining pensions and retirements when they finally do leave the office at the age of 350
I’m sure it also also has nothing to do with someone’s bright idea to remove economic and civic education from school curriculum thereby exacerbating the problem by raising an entire generation of people with no idea how or why money works like it does.
If you wonder why people vote for what they do and how we get in these situations just look at the people in power, why they are continuously voted back in, and who votes for them.. and wonder no more.
Posted on 10/12/21 at 9:44 am to RockinDood
quote:
I’m sure the dollar being worth about 7x more in 1980
It theoretically factored that in.
Posted on 10/12/21 at 9:45 am to kingbob
quote:
they tend to start their careers saddled with crippling levels of debt.
Depends on what you earned your degree in. That debt will be paid off at a higher rate in the right field.
Posted on 10/12/21 at 9:46 am to GreatLakesTiger24
Other generations didn’t have cell phones and 60 different streaming services, nor did they have to pay to play flag football, and travel baseball, and going to an LSU game didn’t cost $500 for a family of 4, and there weren’t 1000 restaurants to sway you away from cooking at home every day.
It was a different lifestyle, much simpler.
It was a different lifestyle, much simpler.
Posted on 10/12/21 at 9:47 am to TeddyPadillac
quote:
It was a different lifestyle, much simpler.
don't forget prioritization, discipline, and deferred gratification
Posted on 10/12/21 at 9:48 am to TeddyPadillac
quote:you can take four people to an lsu game for $500? i spend more than that for myself
and going to an LSU game didn’t cost $500 for a family of 4,
Posted on 10/12/21 at 9:48 am to 777Tiger
quote:
inflation, col is nonsense
False, so so false. Basic things a 26 year old has to have in order to have a career and family: health insurance, housing, child care, child birth, post-secondary education, etc all cost orders of magnitude more today while he’s making nearly 10% less in real dollars.
Headline is misleading AF. The reality is that millennials are actually making LESS than previous generations due to inflation and col increases.
Posted on 10/12/21 at 9:48 am to GreatLakesTiger24
quote:
It reveals that millennial households at age 40 — the oldest of the generation — are earning $85,000
Not OT ballers
Posted on 10/12/21 at 9:48 am to GreatLakesTiger24
Avocado toast and doggie daycare runs me a pretty penny
Posted on 10/12/21 at 9:49 am to kingbob
quote:
Nobody voted for LBJ
Barry Goldwater may beg to differ.
Posted on 10/12/21 at 9:49 am to kingbob
quote:
False, so so false.
inflation rate was over 11% when I graduated
Posted on 10/12/21 at 9:50 am to TDsngumbo
quote:
I talk to 20-something year olds every single day who earn 100k a year but can’t afford a $60/month life insurance premium. Those same dumb fricks will have a gofundme account setup for them when they pass away because they were too worried about buying all their alcohol, going out every weekend, and other stupid shite instead.
20 year olds should be buying beer, and doing stupid shite, not buying life insurance.
What’s the point of having money if you don’t use it to have fun? If your idea of fun is saving all your money so the govt can take it all when you get to the nursing home, then ok.
Posted on 10/12/21 at 9:50 am to kingbob
quote:
much higher housing costs, much higher childcare costs, healthcare, and student loan debt
I would say that all of these things can be disproven except the student loan debt servicing. All of these muh millenial narratives are solely because 10 years ago they were still really young and new in the professional world, and we still pretend things haven't changed at all since then. Young=poor.
Posted on 10/12/21 at 9:50 am to Breauxsif
quote:
Depends on what you earned your degree in. That debt will be paid off at a higher rate in the right field.
No, the difference is that boomers had zero student debt and gen x typically had relatively little. Between the time gen x and gen y got to college, tuition often tripled. Thus, while boomers started their careers at $0 net worth, gen y started tens of thousands of dollars in the hole.
Posted on 10/12/21 at 9:51 am to Saskwatch
quote:
quote:
boomers, who earned $70,000.
These arseholes really fricked it all up
Typical, always blaming someone else for your failures.
Posted on 10/12/21 at 9:51 am to GreatLakesTiger24
That graph seems to indicate that median real wages went up from below $75k to $90k from 2015-2019. Pretty dramatic swing to be believable.
Or maybe trump was that good I don’t know.
Or maybe trump was that good I don’t know.
Posted on 10/12/21 at 9:53 am to Saskwatch
quote:
quote:
boomers, who earned $70,000.
These arseholes really fricked it all up
I earned much more than that when I was 40. Not my fault that you are mediocre and don't have much upward mobility.
Posted on 10/12/21 at 9:54 am to OceanMan
Wait until the Millenials get to shoulder the bulk of the tax burden from Gen Xers as we start exiting the workforce.
I'm a Gen X and have it set up to basically have no tax burden going forward.
I'm a Gen X and have it set up to basically have no tax burden going forward.
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