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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 10:22 am to Pettifogger
Posted on 10/12/21 at 10:22 am to Pettifogger
quote:
Get away from some of this.
With more remote work, people are moving farther from the cities away from all of this bullshite. If your employer doesn't mind, I recommend considering it.
I'm doing this in 2022. Moving from Chicago to be closer to family down south in a very small town.
I wake up in the middle of the night sometimes worrying that we are making a huge mistake. But that's mostly because I'll probably end up having to own two houses again for a while during the transition. And I'm buying a house down there without actually having seen the inside in person (although I know the neighborhood extremely well).
I don't want my kids growing up here. Too many Karens and way too many radical progressive lunatics that are intolerant of any free thought. There is not enough space here, the taxes are insane, the winter weather sucks, the costs of living is skyrocketing (if you want to live in a nice area), and there is no sense of community. There are problems down south, but we can navigate those. I think the tradeoffs are worth it. In fact my wife's career will benefit from this move tremendously and my company will support my transfer request.
I am making the right decision for my family. Some colleagues have confided that they are a little jealous and are considering doing something similar.
This post was edited on 10/12/21 at 10:37 am
1
Posted on 10/12/21 at 10:25 am to jfw3535
quote:
Don't forget the avocado toast.
These posts are stupid. There are real, big time problems millennials face that boomers didn’t have to deal with
Posted on 10/12/21 at 10:25 am to goofball
quote:
Get away from some of this.
With more remote work, people are moving farther from the cities away from all of this bullshite. If your employer doesn't mind, I recommend considering it.
This is very true, however we are still at the mercy of “management” with an old school mentality that have no idea what can be done with modern technology. Much of our work in my division can be done remotely day to day with a few trips to the office for meetings with clients or vendors. Our management however doesn’t believe anyone should be paid unless they are “butts-in-seats” in the office, otherwise they are “slacking off.” “What can you really get done on a computer anyway??? I can never figure that thing out.”
Meanwhile production, wages, and morale suffers.
Posted on 10/12/21 at 10:25 am to TDTOM
quote:
Doubtful. The millennials that complain about rent will not move out of the city.
Maybe. But I'm not talking about millennials, I'm talking about us. Our friends just left in town Atlanta to move to Reynolds Plantation. That's the dream. Get some space, get your kids into a different environment, get untethered to the city.
There are a lot of us who think like this but who are still tied to a major metro. You can't be a corporate attorney in a small vacation town, or at least you couldn't until recently.
Edit - Ok maybe I'm a millennial, but you get my point
This post was edited on 10/12/21 at 10:27 am
Posted on 10/12/21 at 10:26 am to wutangfinancial
quote:
Millenials are just now having kids
The upper half of the generation has been having kids for the past decade.
Posted on 10/12/21 at 10:26 am to xxTIMMYxx
quote:
These posts are stupid. There are real, big time problems millennials face that boomers didn’t have to deal with
Posted on 10/12/21 at 10:27 am to TDTOM
boomers are the ones that are in charge and responsible for the decay of america. The fact they blame younger people shows how out of touch they are.
Posted on 10/12/21 at 10:28 am to TDTOM
I mean, it's pretty true.
You can't graduate from high school/a mediocre college and get a job shuffling paper for middle class wages and work your way up to the boardroom, which is what a shite ton of my friends' parents did en route to being upper middle class and buying beach houses.
You can't graduate from high school/a mediocre college and get a job shuffling paper for middle class wages and work your way up to the boardroom, which is what a shite ton of my friends' parents did en route to being upper middle class and buying beach houses.
This post was edited on 10/12/21 at 10:33 am
Posted on 10/12/21 at 10:28 am to Pettifogger
quote:well said
Cities and suburban areas are slammed with multi-family that was "luxury" multifamily when built 15 years ago and is now complete S8.
There is a lot of rhetoric about the disappearing middle class, but it's usually half-truths. The reality is that "lower classes" have and do the things I discuss (minus the 500k homes). So in reality they're enjoying a much higher standard of living. They're the new middle class.
But if you're responsible, family-oriented and of modest means, that leaves you in a terrible spot. You can either live somewhere rural with few economic opportunities but where your wage can get you a decent home and life that aligns with your values and character. But you'll probably have shitty schools, be around a lot of people who don't share those values, etc.
Or you can live in the burbs in the shittier neighborhoods, and have the same issues.
Or you can graduate to the "upper middle class" and become part of the problem, so I hear. Means you'll probably need specialized education and to overleverage yourself.
it's hard out there... if you want to make money AND raise your family in a good environment
Posted on 10/12/21 at 10:28 am to Pettifogger
quote:
Maybe. But I'm not talking about millennials, I'm talking about us.
I am talking more about the younger end of millennials. I think it is basic human nature that as you age and mature you tend to make better decisions.
Posted on 10/12/21 at 10:33 am to GreatLakesTiger24
quote:
Millennials make more money than any other gen. did at their age, but are way less wealthy
Well no shite. Previous generations didnt have to pay for
cable
cell phones
internet
security systems
Insane car insurance
Higher secondary education costs
Posted on 10/12/21 at 10:33 am to RockinDood
quote:
’m sure it also also has nothing to do with someone’s bright idea to remove economic and civic education from school curriculum thereby exacerbating the problem by raising an entire generation of people with no idea how or why money works like it does.
imagine if the current crop of leftist teachers WERE teaching economics and civics
Posted on 10/12/21 at 10:33 am to More beer please
You don't either. In fact, you shouldn't unless you have the disposable income to do so.
This post was edited on 10/12/21 at 10:34 am
Posted on 10/12/21 at 10:34 am to Pettifogger
quote:
Maybe. But I'm not talking about millennials, I'm talking about us. Our friends just left in town Atlanta to move to Reynolds Plantation. That's the dream. Get some space, get your kids into a different environment, get untethered to the city.
Not all millennials fit the same mold.
Posted on 10/12/21 at 10:35 am to GreatLakesTiger24
Everything is more expensive today (homes, food) and there is a lot more we have to pay for (cell service, internet).
Posted on 10/12/21 at 10:36 am to Pax Regis
quote:
$5 lattes and $7 craft beers put a dent in the savings.
And a disdain for the fringe suburb tract housing their grandparents actually aspired to own.
Posted on 10/12/21 at 10:37 am to madmaxvol
quote:
True...but a 150% increase in tuition costs over the last 20 years have been tough on the ones getting solid majors, too.
This thread had me look up the tuition at the school I graduated in 2009 and the tuition has increased by 170%.
Posted on 10/12/21 at 10:38 am to Packer
quote:
True...but a 150% increase in tuition costs over the last 20 years have been tough on the ones getting solid majors, too.
And heaven forbid they shop at Wal Mart like those unenlightened flyover suckers that live within their means.
Posted on 10/12/21 at 10:38 am to dewster
quote:
Not all millennials fit the same mold.
these people have been arguing for years that people will choose to live in the middle of nowhere like roger and eventually raise families when according to the latest census numbers the opposite is happening
city growth is up, marital and birth rates down.
This post was edited on 10/12/21 at 10:40 am
Posted on 10/12/21 at 10:40 am to dewster
quote:
And heaven forbid they shop at Wal Mart like those unenlightened flyover suckers that live within their means.
But why, when I can shove my fat Frappuccino sipping arse into a two size too small pair of Lulu exercise pants?
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