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Started By
Message
Millennials being squeezed out of middle class, says OECD
Posted on 4/11/19 at 2:57 am
Posted on 4/11/19 at 2:57 am
40
Posted on 4/11/19 at 3:04 am to Stumplstiltzkin
quote:
house prices skyrocket
Where?
Posted on 4/11/19 at 3:50 am to pioneerbasketball
Millennials need to invest more in practicality and less in avocado toast.
Some serious globalist mental mastubation going on with this statement in the report...
Some serious globalist mental mastubation going on with this statement in the report...
quote:
“Governments must listen to people’s concerns and protect and promote middle class living standards. This will help drive economic inclusive and sustainable growth and create a more cohesive and stable social fabric.”
This post was edited on 4/11/19 at 3:59 am
Posted on 4/11/19 at 3:52 am to Stumplstiltzkin
We're still young. We're not supposed to be "middle class" yet.
Posted on 4/11/19 at 4:06 am to Stumplstiltzkin
Everyone is being squeezed out of the middle class.
This post was edited on 4/11/19 at 4:07 am
Posted on 4/11/19 at 4:14 am to Stumplstiltzkin
quote:
What amount of money do you consider middle class?
To be able to have something like this in a decent town surrounding a nice city.
Posted on 4/11/19 at 4:22 am to SEClint
You mean to be able to owe a bank $170k plus interest for the next 30 years?
That's being poor.
That's being poor.
This post was edited on 4/11/19 at 4:22 am
Posted on 4/11/19 at 4:23 am to CoeJ
No, being able to actually afford it.
Posted on 4/11/19 at 4:28 am to CoeJ
quote:
You mean to be able to owe a bank $170k plus interest for the next 30 years?
As opposed to spending the same per month on an apartment and have zero to show for it.
quote:
That's being poor.
Building equity, another thing Millennials suck at.
Posted on 4/11/19 at 6:31 am to Stumplstiltzkin
In 20 years there will be a 85/14/1% split in this country. All those degrees in literature/racial studies/etc. are much more likely to put them in the 85 and not the 14%
Posted on 4/11/19 at 6:32 am to Stumplstiltzkin
Good. Millennials are awful and need to be crushed
Posted on 4/11/19 at 6:35 am to Stumplstiltzkin
quote:
Millennials being squeezed out of middle class, says OECD
Getting shitty degrees and working at Starbucks or bar tending will squeeze you out of the middle class. But hey, win a seat in congress and you will instantly be in the upper class salary wise.
Posted on 4/11/19 at 6:39 am to LSUSUPERSTAR
quote:
Getting shitty degrees and working at Starbucks or bar tending
Things moronic boomers believe with zero proof. Same group of idiots that thought a game show host would "save" this country.
Posted on 4/11/19 at 6:39 am to Stumplstiltzkin
Need to branch out from being a barista to get in the game.
Posted on 4/11/19 at 6:42 am to CoeJ
That home is likely easily north of $300k.....
Posted on 4/11/19 at 6:42 am to Stumplstiltzkin
quote:
Pew defines the middle class as those earning between two-thirds and double the median household income.This means that the category of middle-income is made up of people making somewhere between $40,500 and $122,000. Those making less than$39,500 make up the lower-income bracket
Millennials, most of whom are in their 30s, are having trouble making 39k?
Maybe they just don't consider themselves middle class if they can't afford to live where they want?
This post was edited on 4/11/19 at 6:45 am
Posted on 4/11/19 at 6:43 am to LSUSUPERSTAR
quote:
Getting shitty degrees
But they're educated..
This post was edited on 4/11/19 at 6:44 am
Posted on 4/11/19 at 6:43 am to pioneerbasketball
quote:
baby boomers ruined this country.
Wozniak, Jobs, Gates... All boomers
Posted on 4/11/19 at 6:43 am to Stumplstiltzkin
quote:
What amount of money do you consider middle class?
With the skewing of wealth to the upper and lower classes since the Regan presidency I am going to suggest 1 million to 10 million is the new middle class. When upper management live within 100 miles the local and regional wealth will be well distributed.
Sadly with the rise of massive global corporations we lose more and more local and regional wealth centers and become just wealth feeders to a few states on the east and west coasts.
In my youth a single wage earner could support a wife, 3-4 kids, pets, 2 cars, and local club memberships. Now 3+ wage earners in s single household have about 1/2 that buying power and are just working poor and no longer middle class. In the early 80's we shifted from a credit economy with solid personal savings and investments to the current debt laden nation often a paycheck or two away from insolvency and bankruptcy.
What we now think of as "middle class" is often just thinly disguised wage slavery akin to the "company stores" of the Robber Barron era.
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