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re: How will young people ever get ahead?
Posted on 5/3/23 at 10:14 am to Allthatfades
Posted on 5/3/23 at 10:14 am to Allthatfades
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 on 5/3/23 at 10:14 am to Allthatfades
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 on 5/3/23 at 10:15 am to SquatchDawg
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 on 5/3/23 at 10:15 am to CaptSpaulding
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 on 5/3/23 at 10:15 am to CaptSpaulding
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 on 5/3/23 at 10:15 am to BonesMalone
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.
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 on 5/3/23 at 10:16 am to lsupride87
Absolutely. I went conservative on purpose though to really prove the point.
Posted on 5/3/23 at 10:18 am to RogerTheShrubber
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 on 5/3/23 at 10:19 am to JiminyCricket
quote:
That 3,600 bucks can disappear with one car repair.
not if you you tube it baw
Posted on 5/3/23 at 10:20 am to Geauxld Finger
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 on 5/3/23 at 10:20 am to JiminyCricket
50k is the new 25k. Basically just above poverty.
Posted on 5/3/23 at 10:21 am to JiminyCricket
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 on 5/3/23 at 10:21 am to GetCocky11
quote:
$35,000 for a Honda Accord is retarded
Why?
$3.50 for a loaf of bread is too, but I bet you bought it.
This post was edited on 5/3/23 at 10:22 am
Posted on 5/3/23 at 10:21 am to VADawg
The idea that you have to live in or next to big cities seems to be the biggest limiting factor in this discussion. If you are a slave to cities, then you will forever struggle to get ahead.
If you are willing to work the jobs that are looked down on, like trucking or the trades, then you can live on a lot less in the country. I raised 6 kids on a truck drivers salary. It can be done. It's not flashy or exciting but it beats the hell out of the neverending stress of city life.
I'm about to turn 50 this year and my youngest graduates in a week. I currently live in a travel trailer sitting on 43 acres of raw land. Land that I only acquired at age 48. I will build my cabin the old way with logs and timbers the way it was done for centuries. It will cost less than 20000$ 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).
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 on 5/3/23 at 10:22 am to Klark Kent
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 on 5/3/23 at 10:25 am to A Menace to Sobriety
quote:Inflation and stagnant wages have been a thing since the fricking 70's, but it's all the current administrations fault?
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.
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 on 5/3/23 at 10:26 am to NOSHAU
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 on 5/3/23 at 10:26 am to LSUfan4444
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 on 5/3/23 at 10:26 am to Deactived
Be a welder in the exurbs of Kansas City and you’d have space for tools and a shop
Posted on 5/3/23 at 10:27 am to Deactived
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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