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re: How will young people ever get ahead?

Posted on 5/3/23 at 10:14 am to
Posted by Oilfieldbiology
Member since Nov 2016
41512 posts
Posted on 5/3/23 at 10:14 am to
quote:

I’m older. House, truck and everything paid for. But I walked out of Wal Mart last night with three bags of groceries that cost over $60 and thought to myself, with the cost of a new house these days, and new vehicles easily averaging over $50,000, how are your kids, grandkids, nephews, etc., , ever going to get ahead?


It’s going to be really fricking hard, but the way to do it is

Don’t get arrested
Graduate high school
Don’t have kids out of wedlock
Posted by 6R12
Louisiana
Member since Feb 2005
11580 posts
Posted on 5/3/23 at 10:14 am to
It will become like in California, the parents have to help them to get started. In laws said they put down payments on house for them to get started. It's a jungle now.
Posted by dbeck
Member since Nov 2014
29454 posts
Posted on 5/3/23 at 10:15 am to
quote:

My first job out of college was $30k back in 1996. A kid bagging groceries at Publix makes $15/hr now. Do the math.

Gas was under $1 a gallon back then, dipshit.
Posted by JiminyCricket
Member since Jun 2017
6018 posts
Posted on 5/3/23 at 10:15 am to
quote:

The question was how young people will ever “get ahead.” That means saving money. I agree that everything is more expensive right now, which means choices have to be made. If you want to save money for a house while groceries are expensive, you might have to drive a piece of shite car for several years. If your car needs can’t be met while you are working towards bigger goals for less than $20,000, then you have bigger problems than what you think the world is heaping on you



So what happens when you drive that POS car that’s likely out of warranty and it needs a new transmission or another expensive repair. You flush all those savings right back down the drain and start again at zero.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297576 posts
Posted on 5/3/23 at 10:15 am to
quote:

The question was how young people will ever “get ahead.” That means saving money. I agree that everything is more expensive right now, which means choices have to be made. If you want to save money for a house while groceries are expensive, you might have to drive a piece of shite car for several years.


Yes. Every decision requires a tradeoff. Nothing is free or painless.

Economic applies to time, material or money. Everything you choose requires a tradeoff or has an opportunity cost.
Posted by Geauxld Finger
Baton Rouge
Member since Jan 2005
32513 posts
Posted on 5/3/23 at 10:15 am to
This is absolutely true. There’s fewer jobs now that pay a comfortable livable wage. Spare me the living within your means nonsense. It’s nearly
Impossible to “be comfortable” without a combined 120k income minimum. A car note and a house note will run you at least $2000 on the low end.
Posted by JiminyCricket
Member since Jun 2017
6018 posts
Posted on 5/3/23 at 10:16 am to
Absolutely. I went conservative on purpose though to really prove the point.
Posted by JiminyCricket
Member since Jun 2017
6018 posts
Posted on 5/3/23 at 10:18 am to
So let’s say you save an extra 300 bucks a month driving a shitty car to save for a home down payment. You save for a whole year. That 3,600 bucks can disappear with one car repair.
Posted by 777Tiger
Member since Mar 2011
88958 posts
Posted on 5/3/23 at 10:19 am to
quote:

That 3,600 bucks can disappear with one car repair.



not if you you tube it baw
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297576 posts
Posted on 5/3/23 at 10:20 am to
quote:

This is absolutely true. There’s fewer jobs now that pay a comfortable livable wage.


Current policy favors investors over consumers and micromanaging the economy. Green initiatives will make this way worse in the near future.

I'd love to go back to the 60s when anyone with a job could afford basic stuff, but you would have to shrink the economy beyond comprehension for that to happen.

Posted by GreatLakesTiger24
Member since May 2012
59156 posts
Posted on 5/3/23 at 10:20 am to
50k is the new 25k. Basically just above poverty.
Posted by CaptSpaulding
Member since Feb 2012
6963 posts
Posted on 5/3/23 at 10:21 am to
quote:

So what happens when you drive that POS car that’s likely out of warranty and it needs a new transmission or another expensive repair. You flush all those savings right back down the drain and start again at zero.


Yes, a car that you should pay cash for may require maintenance. It could eat up some of your savings. That would suck. But are you really saying that the better option is to sign up to pay $400/month for 6-7 years instead? What happens when something happens to that car?
Posted by i am dan
NC
Member since Aug 2011
30592 posts
Posted on 5/3/23 at 10:21 am to
quote:

$35,000 for a Honda Accord is retarded


Why?

$3.50 for a loaf of bread is too, but I bet you bought it.
This post was edited on 5/3/23 at 10:22 am
Posted by Witulo
Member since Jun 2020
279 posts
Posted on 5/3/23 at 10:21 am to
The idea that you have to live in or next to big cities seems to be the biggest limiting factor in this discussion. If you are a slave to cities, then you will forever struggle to get ahead.

If you are willing to work the jobs that are looked down on, like trucking or the trades, then you can live on a lot less in the country. I raised 6 kids on a truck drivers salary. It can be done. It's not flashy or exciting but it beats the hell out of the neverending stress of city life.

I'm about to turn 50 this year and my youngest graduates in a week. I currently live in a travel trailer sitting on 43 acres of raw land. Land that I only acquired at age 48. I will build my cabin the old way with logs and timbers the way it was done for centuries. It will cost less than 20000$ by the time it is done.

I learned to build this way by dropping 750$ on Noah Bradley's handmade house academy. If my dumbass can do this anybody can. There is another path to take in life, it just takes a little courage to go down it.(Btw, if you can't get away from the city, then you have my sympathy. You guy are in for some rough times).
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 5/3/23 at 10:22 am to
quote:

. one problem i often have is i don’t have a shop or shed full of tools for a lot of these projects.


A problem also not being discussed in here is actually identifying a problem and diagnosing it correctly. Youtube isn't doing that for you.

We did renovations on a home recently and we had some big projects where there was no chance someone like Roger could come in by himself and do with some basic youtube viewing and his toolbox.

500 feet of sewer pipe install project with 200+ feet of a driveway being dug up. Installing 3 a/c units with ductwork involved and 2 being mini splits(1 with ducts). A complete remodel of a 1k sq ft room with 15 ft high ceiling. Complete kitchen remodeling.

Those jobs aren't being done by Roger and none of them are solo jobs. The entire pull yourself up by the bootstrap thing on here is lame as shite.



Posted by Palantir
I've been a Columbia House
Member since Oct 2020
691 posts
Posted on 5/3/23 at 10:25 am to
quote:

Simply put, it's Biden's America.

They want the poor and elite to continue to flourish while completely wiping out the middle class. Expensive houses, cars, groceries, gasoline, etc. all to make our lives miserable and theirs better.

Good fricking job to the geniuses in this country who voted for this dog shite administration btw. Thanks for everything.
Inflation and stagnant wages have been a thing since the fricking 70's, but it's all the current administrations fault?

Man, stop being a fricking moron please.

I've got 3 generations in my house for over 10 years now living together because we are trying absolutely everything we can to stay somewhat ahead for the family as a whole, and it pisses me the frick off when in these threads someone says some shite like this, as if this is some recent 2 year phenomenon.
Posted by VADawg
Wherever
Member since Nov 2011
47791 posts
Posted on 5/3/23 at 10:26 am to
quote:

But to say that things cost more today without recognizing that salaries are much higher as well is disingenuous


Salaries have not risen nearly at the same rate as inflation. Not even remotely close. The math has been done multiple times in this thread.
Posted by GreatestStory
Member since Feb 2011
262 posts
Posted on 5/3/23 at 10:26 am to
quote:

Americans don’t know how to live within their means. Travel ball, car payments, fast food, soft drinks, manicures, alcohol, cigarettes , new handbags, truck nuts and Air Jordan’s aren’t necessities in this country


I agree with some of this, especially regarding the younger generation.

I hire three to four college interns every year. Most everyone of them I have ever hired in the last 10 years has a newer (more expensive) phone than I own, they have door dash food delivered to work almost every day, two of the three current interns own a vehicle that is newer than my 2017 Tacoma. I would guess that their shoes and clothes cost more than mine as well.

I agree that it is harder to get ahead these days, but the things younger people think "they need" is holding them back just as much as the current economy.
Posted by GreatLakesTiger24
Member since May 2012
59156 posts
Posted on 5/3/23 at 10:26 am to
Be a welder in the exurbs of Kansas City and you’d have space for tools and a shop
Posted by Sun God
Member since Jul 2009
50102 posts
Posted on 5/3/23 at 10:27 am to
quote:

had some big projects where there was no chance someone like Roger could come in by himself and do with some basic youtube viewing and his toolbox


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