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

Posted on 4/11/19 at 8:18 am to
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
28642 posts
Posted on 4/11/19 at 8:18 am to
quote:

This is just another propaganda article aiming to separate the people of the USA.


You gathered this from an article from a London based newspaper that didn't even mention the US specifically.
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 4/11/19 at 8:25 am to
(no message)
This post was edited on 1/21/20 at 9:10 am
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
36431 posts
Posted on 4/11/19 at 8:29 am to
quote:

Yep not married no child. Not saying I don't want those things. I just see the financial requirements involved and wont just knock up any random woman with no career.






Nail on the head. A lot of people cannot get upward mobility due to having kids so early on. I also feel this generation needs a lot of structure. Go to an area where you have below average education and nothing productive to do and you find the youth just stuck.
Posted by lsucoonass
shreveport and east texas
Member since Nov 2003
69091 posts
Posted on 4/11/19 at 8:29 am to
That’s on their own doing
Posted by TnMountaineer
Minglewood
Member since Aug 2018
3490 posts
Posted on 4/11/19 at 8:33 am to
103 is upper middle class in Nashville?

Guess I’m not replying. My family and I are no longer middle class.


I need to call my father now. Look dad! I did it! We did it! Better go write my thank you speech.
Posted by Supermoto Tiger
Baton Rouge
Member since Dec 2010
10354 posts
Posted on 4/11/19 at 8:37 am to
quote:

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%

Shitty degrees = Shitty paychecks
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 4/11/19 at 8:37 am to
Gen X is fricking sick of the shite that comes out of both the Boomers and the Millennials.

It's old selfish and new selfish fighting.

Oh well. Whatever. Nevermind.
Posted by NYNolaguy1
Member since May 2011
21465 posts
Posted on 4/11/19 at 8:39 am to
quote:

In 10 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%


Fify.
Posted by Jake88
Member since Apr 2005
75365 posts
Posted on 4/11/19 at 8:47 am to
quote:

t's just hard to balance pay and cost of living when industries tend to congregate in certain areas.
Somebody is taking those lower paying jobs and still managing to live in those areas. Being middle class never inherently meant you had it really easy. They've always had to make choices, some more difficult than others yet none regarding which shanty they'd congregate in for the night. Temper expectations and one will do fine.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
283251 posts
Posted on 4/11/19 at 8:49 am to
quote:


It's just hard to balance pay and cost of living when industries tend to congregate in certain areas.


It's weird, because so many people are doing it.

When you limit areas to live its going to affect your quality of life tremendously. There's a reason people buy "Starter homes" and such, or sacrifice out of college to save up a down payment.

These are things people did 40 years ago.
Posted by Jon Ham
Member since Jun 2011
29412 posts
Posted on 4/11/19 at 8:53 am to
I’m 31 and see a lot of this for people around my age: They don’t want to just take a corporate job that they could work up the ladder and set themselves up for financial security and higher earnings down the road. They would rather dabble in various jobs they find actual interest in, but with little path to financial growth.

That’s their right and there’s nothing “wrong” with it. Personally, I chose the soulless corporate ladder path and choose to pursue my interests in the little bit of free time I have, with the hope that after my kid becomes completely financially independent when I’m around 55, i will be sitting pretty financially and can perhaps finish my career on my own terms doing something I love like teaching a high school class and coaching the basketball team, or writing, or getting involved in political campaigns, or whatever it is I want to do where I no longer need to be making bank.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 4/11/19 at 8:55 am to
I love these threads.
Posted by JDPndahizzy
JDP
Member since Nov 2013
6841 posts
Posted on 4/11/19 at 8:56 am to
I consider middle class in the 150k to 350k range. Of course that's a sliding scale depending on what market you reside in.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
51920 posts
Posted on 4/11/19 at 8:56 am to
quote:

 There's a reason people buy "Starter homes" and such, or sacrifice out of college to save up a down payment. 

Our first home was 20-25 miles out in the country because it's where we could afford something at the time. It was 1375 sq ft for a family of 4. I don't see a willingness to live like this in many cases today with younger people. To each their own I suppose.
Posted by TH03
Mogadishu
Member since Dec 2008
171903 posts
Posted on 4/11/19 at 8:58 am to
quote:

When you limit areas to live its going to affect your quality of life tremendously. There's a reason people buy "Starter homes" and such, or sacrifice out of college to save up a down payment.



Yeah, some guy with a promising career is just gonna move to bawcomville just so he can buy a house for $180k.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11674 posts
Posted on 4/11/19 at 8:59 am to
Make Better Decisions, Then

That CNBC article can help explain why. Don't have kids before you're married and graduate high school. This isn't hard, folks.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
51920 posts
Posted on 4/11/19 at 9:06 am to
quote:

Yeah, some guy with a promising career is just gonna move to bawcomville just so he can buy a house for $180k.

You can buy a house in a lot of areas in the South and Midwest for 150k or less
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 4/11/19 at 9:07 am to
Then pitch a fricking tent and stop whining.
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 4/11/19 at 9:09 am to
quote:

These are things people did 40 years ago.





let's take suggestions from people who still thought smoking in planes was a good idea

makes sense dude
Posted by fjlee90
Baton Rouge
Member since Nov 2016
8388 posts
Posted on 4/11/19 at 9:10 am to
quote:

$39,500


Jesus. I tended bar in college and cleared that. Worked 50 hours a week or so... This was only 6 years ago.

It really is not that hard. Develop a marketable skill set. Work hard. Don't spend what little you do make on dumb shite.

Work as if you are owed nothing. Because, fun fact, you aren't owed a damn thing.
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