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re: Millennials make more money than any other gen. did at their age, but are way less wealthy
Posted on 10/12/21 at 9:50 am to Breauxsif
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.
2
Posted on 10/12/21 at 9:55 am to kingbob
Plenty of people work and pay their way through college. Of course, that takes hard work and discipline. Something these young kids have no interest in.
Posted on 10/12/21 at 9:56 am to kingbob
quote:
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.
I don't have a lot of sympathy for my generation, but yes.
Also, it helps that the boomers got legitimate careers pushing buttons and filling out forms and many of them worked at for 30 years and were able to raise a family in a decent suburb on that.
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