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Started By
Message
re: How will young people ever get ahead?
Posted on 5/3/23 at 8:20 am to GetCocky11
Posted on 5/3/23 at 8:20 am to GetCocky11
Houses were cheap but interest rates were very high.
Honestly, if your kids are going to get ahead you have to start putting money away for them the moment they are born. So when they are ready to start their lives they have a chunk to get them a down payment or a vehicle.
Kids will continue to live with their parents longer. There are a lot of things that people say are needs that aren't. Being realistic about the times and how much things cost vs what salaries are is first. I think people want certain lifestyles like it should be automatic.
People always joke about "making coffee at home", but if you get a coffee and muffin 5 days a week for a year at 8 bucks a pop that's almost 3 grand spent. Every now and then we'll drive through somewhere if there's a late practice instead of fixing dinner at home, and even Wendy's is expensive for 5 people.
When I first started teaching I bought all my clothes from stores that had huge sales at the end of winter or summer. I made a pretty tight weekly budget. Anything I didn't spend half went into a fun pile and the other half went toward student loans. I did this for years until I paid off my student loans and vehicle. I ate a lot of sandwiches and spaghetti. I never felt like I was missing out b/c I chose to be a teacher, and this was the salary and lifestyle I could live. Once my debt was paid off that money allowed me to do more things and save more.
The middle class neighborhood with smaller houses 2 or 3 bedrooms with one and 1/2 bath are no longer being built. Maybe it's time for that to make a comeback.
Honestly, if your kids are going to get ahead you have to start putting money away for them the moment they are born. So when they are ready to start their lives they have a chunk to get them a down payment or a vehicle.
Kids will continue to live with their parents longer. There are a lot of things that people say are needs that aren't. Being realistic about the times and how much things cost vs what salaries are is first. I think people want certain lifestyles like it should be automatic.
People always joke about "making coffee at home", but if you get a coffee and muffin 5 days a week for a year at 8 bucks a pop that's almost 3 grand spent. Every now and then we'll drive through somewhere if there's a late practice instead of fixing dinner at home, and even Wendy's is expensive for 5 people.
When I first started teaching I bought all my clothes from stores that had huge sales at the end of winter or summer. I made a pretty tight weekly budget. Anything I didn't spend half went into a fun pile and the other half went toward student loans. I did this for years until I paid off my student loans and vehicle. I ate a lot of sandwiches and spaghetti. I never felt like I was missing out b/c I chose to be a teacher, and this was the salary and lifestyle I could live. Once my debt was paid off that money allowed me to do more things and save more.
The middle class neighborhood with smaller houses 2 or 3 bedrooms with one and 1/2 bath are no longer being built. Maybe it's time for that to make a comeback.
0
Posted on 5/3/23 at 8:20 am to Allthatfades
It's tough. I'm 34 and make a very good income and am on a strict budget and shite is just expensive.
I don't know how average incomes survive, especially in high cost of living places.
I don't know how average incomes survive, especially in high cost of living places.
Posted on 5/3/23 at 8:20 am to Joshjrn
quote:
Thank you for simply admitting that young adults today have it more difficult today than their parents did before them
That's been the case for every generation since the West was settled. The reverse side is it's also easier for this generation to have multiple streams of revenue vs their parents. I have a 25-year-old cousin and the dude has his hands in all kinds of stuff and is doing just fine. Thanks to the internet the opportunities are endless for people in his age group.
Posted on 5/3/23 at 8:21 am to stout
quote:Painting and such? Sure. Roofing, demoing walls and kitchens, changing plumbing and electrical, no, most people can’t do that and it’s not from a work ethic standpoint. You are being ridiculously obtuse
Young people can't paint, demo, or watch a youtube video to learn how to do some repairs?
Posted on 5/3/23 at 8:21 am to UtahCajun
quote:Yep, and i bet 80% of zoomers can't tell you what causes inflation.
Wage stagnation is not nearly as important as inflation.
Monetary policy has fricked everyone. They'll keep voting for more of the same. I don't feel much for people who will not educated themselves.
Posted on 5/3/23 at 8:22 am to RogerTheShrubber
quote:
I don't feel much for people who will not educated themselves.
Posted on 5/3/23 at 8:22 am to chryso
quote:
Camrys and Corollas cost over $50k now?
I just bought a new 2022 Accord Hybrid a couple months ago. Loaded for $35,000.
This is typical message board talk. Everyone is full of shite and sensationalize and exaggerate everything.
Posted on 5/3/23 at 8:22 am to Allthatfades
quote:
three bags of groceries that cost over $60
What were you buying, three bags of wrapping paper? One bag of groceries at Walmart costs me $60.
This post was edited on 5/3/23 at 8:23 am
Posted on 5/3/23 at 8:23 am to el Gaucho
My boy Gaucho going ham on the boomers. We need to cut their boomer welfare too
Posted on 5/3/23 at 8:24 am to Allthatfades
My European friends always wondered how we could afford to live in suburbs in big houses, with multiple cars, etc.
When they saw prices and realized this, they were always shocked. We are now living the European dream.
Forced into dense housing. Forced into public transit. Forced into smaller portions. Eventually you just have the perception of freedom.
When they saw prices and realized this, they were always shocked. We are now living the European dream.
Forced into dense housing. Forced into public transit. Forced into smaller portions. Eventually you just have the perception of freedom.
Posted on 5/3/23 at 8:24 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.
Well, if we assume that the grocery bagger is working 40 hours a week for 52 weeks a year, then sure they're making $31,000.
However, your $30,000 in 1996 has the equivalent purchasing power of $59,000 today.
There's also very little reason to assume that a minimum wage worker is working 40 hours a week.
Did your first job out of college have any non-salary benefits, because chances are that Publix kid's doesnt.
Posted on 5/3/23 at 8:24 am to TDsngumbo
quote:
What were you buying, three bags of wrapping paper? One bag of groceries at Walmart costs me $60.
Food is up 50-100% here, easily.
The only way to slow it is to slow the economy. All the fluff paid out during Covid fricked everyone.
Posted on 5/3/23 at 8:25 am to i am dan
quote:
I just bought a new 2022 Accord Hybrid a couple months ago. Loaded for $35,000.
This is typical message board talk. Everyone is full of shite and sensationalize and exaggerate everything.
$35,000 for a Honda Accord is retarded
Posted on 5/3/23 at 8:25 am to TDsngumbo
I have a family of 5 and it’s $250 a week for bare bones groceries for the week
If I actually want to live a life of happiness and get steaks or something besides chicken breasts and such then watch out, we are going neither of $300 easy
If I actually want to live a life of happiness and get steaks or something besides chicken breasts and such then watch out, we are going neither of $300 easy
Posted on 5/3/23 at 8:25 am to lsupride87
quote:
demoing walls and kitchens, changing plumbing and electrical
Demoing is pure labor. Nothing more. Only lazy people can't do demo work.
I will give you complex electrical as I hate doing that myself and sub it out but changing a few fixtures or updating a few outlets to GFI is ridiculously easy.
Plumbing is all but dummy-proof these days with shark bite fittings.
You are the one being obtuse.
Posted on 5/3/23 at 8:26 am to Hoyt
quote:
They will own nothing and they will like it.
This. It’s all part of the plan. If all you do is borrow your means of survival from your superiors you’re much easier to control. Modern day version of feudalism. Our overlords long to reclaim their rightful legacy as our supreme rulers.
Posted on 5/3/23 at 8:26 am to stout
quote:yeh man, house building is just a little elbow grease on the weekends after your full time job is over. No learning curve really needed.
Demoing is pure labor. Nothing more. Only lazy people can't do demo work. I will give you complex electrical as I hate doing that myself and sub it out but changing a few fixtures or updating a few outlets to GFI is ridiculously easy. Plumbing is all but dummy-proof these days with shark bite fittings. You are the one being obtuse.
Posted on 5/3/23 at 8:26 am to Allthatfades
I know I am entering this thread late but there is a confluence of factors that has caused this problem.
The first of these is immigration. Immigration has not helped anyone other than big business. All it has done is created an artificial demand for housing which has led to ever-increasing prices. With the birth rate at 1.7, the population should be declining, which helps the average worker because employers have to compete for labor, rather than the reverse. It's basic economics.
The second problem is the removal of high-paying jobs that did not require a college education. You can thank "globalization" for this. "Globalization" has not helped anyone. (inb4 hurr durr you're typing on a computer made in China)
The third problem is the idea that "everyone needs a college degree". I would wager that 80% of people in colleges do not need to be there and are just floating through life. Exhibit A: Madi Brooks (unpopular opinion, yes I know.) But who can blame them? For guys, many of the high-paying jobs that don't require college are gone, and for girls, leftists have succeeded in destroying the family unit and have convinced them that they are "liberated" by sitting at a desk for citi bank all day instead of having a husband and children. Moreover, most colleges have abandoned any pretext of education and have instead become marxist indoctrination centers.
I want to pause for a minute and point out just how bad colleges have become. Most parents are not aware of this. Students are required to take courses in critical race theory, etc. What parent would spend 80,000 dollars a year so their kid can be demonized? It is insane. Parents need to stop subsidizing private colleges altogether, and GOP legislatures need to get their state schools in check. So far only Florida, Virginia, and North Carolina have attempted to do this.
The fourth problem is how currency is manipulated and devalued. At one time, currency was actually valued on gold and silver, and thus could not be easily manipulated. Now, an unelected and unaccountable Federal Reserve can print money at will and set interest rates to control the economy. It is another episode of Congress failing to do its job with monetary policy.
So where does this leave everyone? I really don't know.
The first of these is immigration. Immigration has not helped anyone other than big business. All it has done is created an artificial demand for housing which has led to ever-increasing prices. With the birth rate at 1.7, the population should be declining, which helps the average worker because employers have to compete for labor, rather than the reverse. It's basic economics.
The second problem is the removal of high-paying jobs that did not require a college education. You can thank "globalization" for this. "Globalization" has not helped anyone. (inb4 hurr durr you're typing on a computer made in China)
The third problem is the idea that "everyone needs a college degree". I would wager that 80% of people in colleges do not need to be there and are just floating through life. Exhibit A: Madi Brooks (unpopular opinion, yes I know.) But who can blame them? For guys, many of the high-paying jobs that don't require college are gone, and for girls, leftists have succeeded in destroying the family unit and have convinced them that they are "liberated" by sitting at a desk for citi bank all day instead of having a husband and children. Moreover, most colleges have abandoned any pretext of education and have instead become marxist indoctrination centers.
I want to pause for a minute and point out just how bad colleges have become. Most parents are not aware of this. Students are required to take courses in critical race theory, etc. What parent would spend 80,000 dollars a year so their kid can be demonized? It is insane. Parents need to stop subsidizing private colleges altogether, and GOP legislatures need to get their state schools in check. So far only Florida, Virginia, and North Carolina have attempted to do this.
The fourth problem is how currency is manipulated and devalued. At one time, currency was actually valued on gold and silver, and thus could not be easily manipulated. Now, an unelected and unaccountable Federal Reserve can print money at will and set interest rates to control the economy. It is another episode of Congress failing to do its job with monetary policy.
So where does this leave everyone? I really don't know.
Posted on 5/3/23 at 8:27 am to BoogaBear
quote:
I do really well at my job, but I don't think salaries are keeping up with inflation
Wife and I talk about this. We make more money now than we ever have and have the least amount of buying power than we ever have.
Posted on 5/3/23 at 8:27 am to stout
quote:
No one wants to do the work.
Not so much that. They would have 0 idea how to do the work
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