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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 1:49 pm to Pettifogger
Posted on 10/12/21 at 1:49 pm to Pettifogger
DC law market is doing well but I wouldn't like it. My brother is holding out for a few more years as a patent attorney there before hauling arse.
0
Posted on 10/12/21 at 1:49 pm to GreatLakesTiger24
Poor people need to stop being poor
Posted on 10/12/21 at 1:57 pm to Scruffy
I'm not convinced it's the millenials who have enough disposable income for "fun" that are complaining, other than complaining about the things that most people of all ages complain about.
Posted on 10/12/21 at 2:00 pm to GRTiger
quote:bingo
I'm not convinced it's the millenials who have enough disposable income for "fun" that are complaining, other than complaining about the things that most people of all ages complain about.
There’s more complaining about complaining than actual complaining
Posted on 10/12/21 at 2:03 pm to TDsngumbo
quote:
I talk to 20-something year olds every single day who earn 100k a year but can’t afford a $60/month life insurance premium.
Are you talking to the same kid everyday?
Posted on 10/12/21 at 2:06 pm to GreatLakesTiger24
I don't get annoyed by frustration from the younger generations, ie "it's crazy expensive to buy a house so it's either pay through the nose in rent for somewhere I like, buy a house somewhere I don't like, or go live somewhere shitty and perhaps unsafe to try and save for a house."
I do get annoyed when there is no acknowledgement of the choice involved and blame attributed to politically-tinged things, ie "maybe if the US provided universal healthcare and college education we wouldn't be forced to live this way..."
The latter is common, although overstated on this board.
I do get annoyed when there is no acknowledgement of the choice involved and blame attributed to politically-tinged things, ie "maybe if the US provided universal healthcare and college education we wouldn't be forced to live this way..."
The latter is common, although overstated on this board.
Posted on 10/12/21 at 2:06 pm to kjp811
quote:
Are you talking to the same kid everyday?
LOL yea, says the insurance salesmen bitching about not selling a life insurance policy to a 20 year old.
"cmon, line my pockets without me actually doing anything, you need this!"
Posted on 10/12/21 at 2:11 pm to kjp811
TDs definitely needs to change his target audience if he sells life insurance and is talking to 20 something year olds every single day. I also assume there's a bit of salty spin involved in the "can't afford" part. It's more likely most 20 somethings don't want or need to pay for life insurance at this point in their lives. Not sure I had life insurance outside of the little freebie my employers offered until my second kid came when I was 30.
Posted on 10/12/21 at 2:11 pm to STLhog
I hope you and your generation the best. Things could quickly go sideways. These are definitely precarious times.
Posted on 10/12/21 at 2:20 pm to GRTiger
An absurdly high % of people don’t understand exactly the point/value of life insurance.
Posted on 10/12/21 at 2:23 pm to LouisianaLady
If you're young, healthy, don't work a dangerous job, and have no heirs, why would you need life insurance? It's literally a monthly bet that you will or will not die. If you "win" the bet that you will die, you're not the one who gets to spend the money anyways!
I understand it for someone who has a family to take care of or works a hazardous job as a first responder, construction worker, oil field, truck driver, etc, but for joe schmo office job, apartment-dwelling cuck, what's the appeal?
I understand it for someone who has a family to take care of or works a hazardous job as a first responder, construction worker, oil field, truck driver, etc, but for joe schmo office job, apartment-dwelling cuck, what's the appeal?
Posted on 10/12/21 at 4:05 pm to kingbob
quote:
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.
You sound woefully underemployed, what's keeping you where you are? If I was in the situation and didn't have something keeping me here (wife or kid would really be the only thing), I would start searching for jobs elsewhere.
Posted on 10/12/21 at 4:16 pm to GreatLakesTiger24
quote:
millennial households at age 40 — the oldest of the generation — are earning $85,000.
What the frick!? That's it? Jesus fricking christ I was making more than that when I was 25
Posted on 10/12/21 at 4:21 pm to kjp811
quote:I remember being a 20-something year old making decent money and having douche insurance salesmen trying to pitch life insurance to me. I would often bullshite them and tell them that I couldn't afford it, or some other lame excuse.
Are you talking to the same kid everyday?
Posted on 10/12/21 at 4:24 pm to kingbob
Exactly. Life insurance is meant to care for dependents/people left behind if something were to happen to you. Like a breadwinner dying and leaving his wife and children behind.
It is kinda crazy how it is pushed as the responsible, adult thing to do and they suck in unsuspecting people who don't need it.
It is kinda crazy how it is pushed as the responsible, adult thing to do and they suck in unsuspecting people who don't need it.
This post was edited on 10/12/21 at 4:26 pm
Posted on 10/12/21 at 4:27 pm to Epic Cajun
quote:
I would start searching for jobs elsewhere
I have been, but it’s not easy with a Louisiana law license. You have to take another state’s bar exam because ours doesn’t transfer anywhere (but Texas but not until after 5 years).
Posted on 10/12/21 at 4:29 pm to RogerTheShrubber
quote:
Throw in the interest rates Boomers had to deal with. Your 1200 sq ft new house in 1980 with interest, your notes were comparable to a new house today.
This is true, but tell us about the interest rates on savings accounts, bonds, and CDs in 1980. There are two sides of the coin. 10 yr T bills were over 14% 40 years ago; today they are right at 2.0%. 12 month CDs were around 18%--can you even get one above 1% today? Easy vehicles to build wealth that don't exist today.
Posted on 10/12/21 at 4:47 pm to kingbob
quote:
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.
Does he interview poorly, or maybe freeze up under the pressure of coding exercises?
I have never in my long life known or heard of anyone who wrote code for $15 / hour. This includes people in Mississippi 20+ years ago, offshore developers in Romania, and coop students.
Posted on 10/12/21 at 4:48 pm to USMEagles
Yeah I work in IT and made more than $15/hr right out of college 20+ years ago in Baton Rouge.
This post was edited on 10/12/21 at 4:49 pm
Posted on 10/12/21 at 4:51 pm to GreatLakesTiger24
These broad brush swipes between the different generations crack me up. Like everyone of any generation is exactly the same and lived the exact same lives.
Good grief
Good grief
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