Started By
Message

re: Millennials make more money than any other gen. did at their age, but are way less wealthy

Posted on 10/12/21 at 11:10 am to
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11860 posts
Posted on 10/12/21 at 11:10 am to
quote:

You're a fricking idiot.



Meh you're a slave to narrative
Posted by DarkDrifter
Louisiana
Member since Aug 2011
5092 posts
Posted on 10/12/21 at 11:13 am to
quote:

but it's pretty much everyone, not just millennials.


I was just going off what I see personally in day to day life with the people I know. I will say this, my mentor in the business i'm in gave me a nugget of wisdom early on..
"Don't ever try to understand someone else's finances even though you see no logic in their choices" 12 years later it certainly rings true everyday..


quote:

It's a trap that's pretty difficult to get out of.


Agreed, it's like addiction in a way..

quote:

but I don't think we're addressing the problem by putting it only on young, urban people.


Oh I agree, I not saying that's the only group with the issue, it's just what i personally encounter is what i'm basing my assumptions on.

quote:

I point you to the Yeti generation.



.. I feel that this fits the Ascension and LP crowds to a T
Posted by kingbob
Sorrento, LA
Member since Nov 2010
69316 posts
Posted on 10/12/21 at 11:17 am to
quote:


Did he magically get a second term?



No, but most of the really bad shite was in the first term
Posted by Pettifogger
I don't really care, Margaret
Member since Feb 2012
86053 posts
Posted on 10/12/21 at 11:18 am to
quote:

So you're saying Grandpa was fine living in Decatur or Brookhaven, but the grandkids won't buy in Forsyth County (or wherever)?

Is that about how things look or where they are located?


I'm saying the "fringe" suburbs in Grandpa's era were post war SFH with maintained yards and genteel neighbors who took pride in their community. People pulled in the same direction, went to church together, etc.

I don't think that describes fringe suburbs now.


Posted by Gravitiger
Member since Jun 2011
12212 posts
Posted on 10/12/21 at 11:19 am to
quote:

No

So people did vote for him?
Posted by kingbob
Sorrento, LA
Member since Nov 2010
69316 posts
Posted on 10/12/21 at 11:20 am to
quote:

So people did vote for him?



They did, but the damage was already done, and 90% of boomers weren’t old enough to vote. That was the greatest generation and silent generation voting for him over Goldwater.
Posted by Dire Wolf
bawcomville
Member since Sep 2008
39916 posts
Posted on 10/12/21 at 11:22 am to
quote:

That graph seems to indicate that median real wages went up from below $75k to $90k from 2015-2019. Pretty dramatic swing to be believable.


Most of all millennials entered their second real job during that timeframe, The youngest would 24 in 2019.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135591 posts
Posted on 10/12/21 at 11:22 am to
quote:

You're a fricking idiot.
That argument will get you far. Stick with it.
Posted by USMCguy121
Northshore
Member since Aug 2021
6332 posts
Posted on 10/12/21 at 11:22 am to
Student debt is almost 2 trillion. So doubt.
Posted by NIH
Member since Aug 2008
119970 posts
Posted on 10/12/21 at 11:22 am to
Is this where make fun of avacado toast and craft beer and forget Brian from the suburbs is up to his eyeballs in mortgage, F350, private school, and boat payments.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
296770 posts
Posted on 10/12/21 at 11:22 am to
quote:

I don't think that describes fringe suburbs now.


Owning property is more of an investment today, which detaches the owners from community to an extent.

Long gone are the days when people lived their lives in one house and communities had a lot of continuity.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
69316 posts
Posted on 10/12/21 at 11:26 am to
The purposeful destruction of neighborhood schools and villainizing of organized religion did this. Churches and neighborhood schools were once community pillars that bound neighbors together. Not the case today.

As for seeing housing as an investment, owning a home is not an investment if you’re living in it. A common mistake folks make is confusing a liability for an asset. Housing is a necessity and a recurring expense, meaning that if you only own one home, that you cannot sell that “asset” without acquiring a somewhat equal asset. Thus, it’s not really much of an asset. It’s akin to selling your car to pay the light bill, but without your car you cannot drive to work.
This post was edited on 10/12/21 at 11:30 am
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135591 posts
Posted on 10/12/21 at 11:27 am to
quote:

Nobody voted for LBJ. He took over after killing Kennedy.

Did he magically get a second term?
He did if he was in anyway dependent on the Boomer vote.
Posted by GreatLakesTiger24
Member since May 2012
59047 posts
Posted on 10/12/21 at 11:28 am to
quote:

The purposeful destruction of neighborhood schools and villainizing of organized religion did this.
this isn't really a thing in most of the country
Posted by chalmetteowl
Chalmette
Member since Jan 2008
53752 posts
Posted on 10/12/21 at 11:28 am to
quote:

You do know only about 1/10th of boomers were old enough to do that, right?



LBJ was elected in 1964, and you had to be 21 then to vote...

so that means he won without a single Boomer vote, if the first Boomers weren't born until 1946 when their dads got back from the war
Posted by GreatLakesTiger24
Member since May 2012
59047 posts
Posted on 10/12/21 at 11:28 am to
quote:

Is this where make fun of avacado toast and craft beer and forget Brian from the suburbs is up to his eyeballs in mortgage, F350, private school, and boat payments.

yes, yes it is
Posted by DarkDrifter
Louisiana
Member since Aug 2011
5092 posts
Posted on 10/12/21 at 11:28 am to
quote:

Student debt is almost 2 trillion. So doubt.


Well they should stop lending money to idgit's wanting to get Lesbian dance theory and underwater basket weaving degree's for starters..
Posted by Gravitiger
Member since Jun 2011
12212 posts
Posted on 10/12/21 at 11:28 am to
quote:

They did
So your first post made no sense?
This post was edited on 10/12/21 at 11:33 am
Posted by LSU1SLU
Member since Mar 2013
7881 posts
Posted on 10/12/21 at 11:30 am to
wutangfinancial got called out and had no rebuttal so he ledt lol
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53100 posts
Posted on 10/12/21 at 11:32 am to
It's a combination of things - inflation, consumerism, increased concentration of jobs in expensive markets.

I also think Americans have come to expect better things like vehicles and homes than their parents had at their age.

My parents drove older vehicles. We had a family of 5 growing up in about a 1600/sq ft house. We weren’t poor. That was considered pretty normal at the time. I think a far less percentage of younger families would consider that acceptable in 2021.
This post was edited on 10/12/21 at 11:33 am
Jump to page
Page First 5 6 7 8 9 ... 21
Jump to page
first pageprev pagePage 7 of 21Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram