re: Millennials being squeezed out of middle class, says OECD

I don't know how to define the middle but I can say that I feel like these days you need +$200K and almost no debt (maybe a mortgage) to keep up if you have a family.

I guess I choose to live where I do but life is expensive everywhere.

quote:

---

Millennials need to invest more in practicality and less in avocado toast.

---

There is a guy I work with who constantly spouts random nonsense about his disdain for millennials and avacado toast. He hates millennials and blames them for all the problems at work and the work force. He just found out he lost his job last week because he wasn’t performing.

Mandeville and Madisonville aren't shitty. Decent homes for 170k are out there, across the country. If you want to keep making jokes, that's fine too.

quote:

---

Inflation has been basically nonexistent for 15 years

---

It's gone up 34% in 15yrs. Sure, it hasn't been as bad as the 70s and 80s, but don't act like it's nothing. I know jobs whose entry-level salaries haven't changed in 10yrs, because I was applying for them 10yrs ago.


High-speed internet and advanced cell phones are a basic necessity for normal people. What you'd consider creature comforts, people just need to have to go about regular life

quote:

---

Yes. There are a lot of people who do not make $18.75 per hour. Some of y'all really need to learn about the real world.

---

That's nothing new, that's called "lower income" and has been around for centuries. What hasn't been around is how comfortable the lower income group is these days.

What do you consider shitty? I live on the gulf coast of Texas. I can show you thousands of houses in that price range in good school districts with Low crime rates. They will be 25 to 50 year old houses. But still nice. Paying 400k for a house is really not necessary.

quote:

---

If a place has a really low cost of living....it’s cause no one wants to live there.

---

quote:

---

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?

---

Mother fricking this. I’m a millennial and see that most of the people want to have the life their parents did, but right out of college, not 10 years out

quote:

---

I don't know how to define the middle but I can say that I feel like these days you need +$200K and almost no debt (maybe a mortgage) to keep up if you have a family

---

200 is upper middle of not beyond middle class. If you make only five figures you're middle class, you just need to temper your expectations of what you should have possessions-wise. People seem poor at tempering their expectations these days.

quote:

---

This is the thing that the older generations cover their ears and refuse to understand.

shite is more expensive today. Health insurance premiums alone for a family of 4 can easily blow up a budget.

---

They understand. They're buying it too.

Working longer or in retirement to afford the shite.