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re: Millennials make more money than any other gen. did at their age, but are way less wealthy
Posted on 10/12/21 at 12:17 pm to RogerTheShrubber
Posted on 10/12/21 at 12:17 pm to RogerTheShrubber
Listen I agree with a lot of what you’ve posted. But many are not in a position to move to
the middle of nowhere and have any job prospects.
the middle of nowhere and have any job prospects.
1
Posted on 10/12/21 at 12:17 pm to STLhog
quote:
Which has everything to do with their choices and nothing to do with sky rocketing tuition costs right?
The answer is always "both" and "all of the above"
- Tuition is out of control
- More kids than ever think "I should do what makes me happy" which is a pretty shitty philosophy for how to spend 200k in borrowed money
- Someone told them "do what you love" - they didn't develop these mindless shallow mantras on their own
Posted on 10/12/21 at 12:18 pm to Saskwatch
quote:
These arseholes really fricked it all up
I know who you voted for.
It’s always someone else’s fault.
Posted on 10/12/21 at 12:18 pm to NIH
if there was someone ITT actually complaining about their situation, that wouldn't necessarily be terrible advice and wouldn't look stupid as frick.
but this is macro economics.
but this is macro economics.
Posted on 10/12/21 at 12:18 pm to NIH
I see the middle class being mad at the middle class for the decline of the middle class. Jealously is gonna be intertwined because everybody’s got to pick a path and there’s gonna be pros and cons no matter what. The local/small town industrial employer that our dads/grandads worked at is going extinct, and it’s fricking all of us who work for a living in one way or another.
Posted on 10/12/21 at 12:18 pm to Turf Taint
quote:
The credit market and culture are different games across those 2 generations.
Again, you are wrong.
Posted on 10/12/21 at 12:19 pm to NIH
I don't understand why people don't simply acknowledge its harder to 'make it' nowadays with out of control school costs and associated debt, skyrocketing cost of living, 9/11 and multiple economic meltdowns etc.
Its been a REALLY shite 20 years. Money doesnt go as far as it used to.
Its been a REALLY shite 20 years. Money doesnt go as far as it used to.
Posted on 10/12/21 at 12:19 pm to RogerTheShrubber
My house is well well well beneath that medium price, I live in a small market, I have roommates, I never take vacations or eat zero avocado toast. I cook the vast majority of my meals, have an advanced degree (one of the good ones, not some lesbian dance therapy) with zero student loan debt, have never driven a car with less than 90k miles on it nor one that retailed new for more than $20k, have zero kids, no car note, no drugs, very little alcohol, no boat, no hunting camp, no f-350, no alimony, no yeti coolers, no major health problems, etc and am still paycheck to paycheck working a professional job.
By the logic of the board, I should be balling, but I know bartenders and servers who have a higher standard of living than I do. You could say “shoulda gone to trade school :spit tobacco:”, but that ship sailed over a decade ago. You could say “learn to code”, but my roommate is a physicist and coder and has built websites for NASA, yet he struggles to find decent work that pays more than $15/hr doing coding.
It really is hard AF to be middle class right now, even doing everything right and frugally.
By the logic of the board, I should be balling, but I know bartenders and servers who have a higher standard of living than I do. You could say “shoulda gone to trade school :spit tobacco:”, but that ship sailed over a decade ago. You could say “learn to code”, but my roommate is a physicist and coder and has built websites for NASA, yet he struggles to find decent work that pays more than $15/hr doing coding.
It really is hard AF to be middle class right now, even doing everything right and frugally.
This post was edited on 10/12/21 at 1:15 pm
Posted on 10/12/21 at 12:19 pm to cas4t
quote:
But many are not in a position to move to
the middle of nowhere and have any job prospects.
Middle of nowhere? shite, medium sized cities are affordable.
Again, there's a whole shitload of sub 300k real estate out there right this minute.
Posted on 10/12/21 at 12:19 pm to STLhog
quote:
Which has everything to do with their choices and nothing to do with sky rocketing tuition costs right?
It’s certainly both. Government issued student loans should have never existed imo for the reason you listed.
also the push for everyone to attend a 4 year state university
I’m a millennial and I know a lot of people my age who would have done so much better had they went to a trade school that cost so much less than a 4 year college
Posted on 10/12/21 at 12:20 pm to kingbob
Like i said, its been a shite 20 years and its ONLY going to get worse for the foreseeable future.
Posted on 10/12/21 at 12:22 pm to RogerTheShrubber
What medium sized city are you referencing that has sub 300k homes available and an economy with job prospects?
Genuinely asking, not even disagreeing.
I’m thinking like a Charlottesville, VA
But millennials follow the job. To say we all want to live in expensive cities is just not my experience. In many cases the job you get dictates where you move, and that’s a large city in a lot of cases.
Genuinely asking, not even disagreeing.
I’m thinking like a Charlottesville, VA
But millennials follow the job. To say we all want to live in expensive cities is just not my experience. In many cases the job you get dictates where you move, and that’s a large city in a lot of cases.
This post was edited on 10/12/21 at 12:24 pm
Posted on 10/12/21 at 12:23 pm to cas4t
quote:
I’m a millennial and I know a lot of people my age who would have done so much better had they went to a trade school that cost so much less than a 4 year college
Hindsight is 20/20 for sure.
Country has a huge pragmatic education problem when kids get past the 7th grade. No financial coaching, what these decisions means, etc.
It's all part of the revolutions though. When people start making better decisions, the big money train slows the F down and who is riding the big money train?
Every Tom Dick and Harry in government.
Posted on 10/12/21 at 12:23 pm to USMCguy121
If you were working and hd a decent income, 2007-2008 was the best thing that ever could have happened.
I was a combat soldier for over 20 years. I went on many deployments and instead of wasting it, I started 2 businesses. Then during the real estate crash, I bought investment property. Hell, I had Privates buying Escalades while I was driving an old Z71. But hey, they were supporting the GDP.
I was a combat soldier for over 20 years. I went on many deployments and instead of wasting it, I started 2 businesses. Then during the real estate crash, I bought investment property. Hell, I had Privates buying Escalades while I was driving an old Z71. But hey, they were supporting the GDP.
Posted on 10/12/21 at 12:24 pm to USMCguy121
quote:
Like i said, its been a shite 20 years and its ONLY going to get worse for the foreseeable future.
2016 to about Jan 2020 weren't so bad.
Posted on 10/12/21 at 12:24 pm to RogerTheShrubber
quote:
Middle of nowhere? shite, medium sized cities are affordable. Again, there's a whole shitload of sub 300k real estate out there right this minute.
You trade lateral and upward labor mobility for those kind of prices in smaller cities. Literally settling into a life with far fewer career options and much lower salary ceilings.
Posted on 10/12/21 at 12:24 pm to cas4t
quote:
Well, working from home is one thing. But you then have to make a decision where you’d like your children to go to school. Much of small town Tennessee (where I grew up) does not have great schools.
And if you want to send tour kid to a private school, well now you likely have to commute back into the city to take them to school, even though you work from home.
Yeah I'm not suggesting it would give people the option to move from Nashville to Bunkie. I just think it would ease some of the housing inflationary pressure in the top 15-20 metros if fewer of the jobs in those markets required you to live in the area. It's a lot cheaper for a family to live in Spartanburg, SC than Franklin, TN.
Posted on 10/12/21 at 12:25 pm to El Segundo Guy
quote:
If you were working and hd a decent income, 2007-2008 was the best thing that ever could have happened.
What if you were just coming into the job market?
Best thing ever right?
Posted on 10/12/21 at 12:25 pm to El Segundo Guy
It took more then a decent income to buy up property in 2008. I assume you had some cash saved.
Posted on 10/12/21 at 12:25 pm to cas4t
quote:i am curious as well
What medium sized city are you referencing that has sub 300k homes available and an economy with job prospects?
Genuinely asking, not even disagreeing.
quote:lol no
I’m thinking like a Charlottesville, VA
quote:
In August 2021, the median list price of homes in Charlottesville, VA was $420K, flat year-over-year. The median listing price per square foot was $204.
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