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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 11:33 am to kingbob
Posted on 10/12/21 at 11:33 am to kingbob
I'm a firm believer that people crave community of like minded individuals. My wife will make instant friends with some random girl her age with a baby, they're drawn to each other like magnets because everyone wants that. They want the friend group, the family friends to vacation with, have drinks on a weekend, etc.
We saw it with COVID, the good and bad. In my old neighborhood, people were glowing during COVID (at first). They mostly kept their jobs and were spending quality time with their kids. We had drink and food trucks in the neighborhood every few days and people just went outside and hung out with each other.
On the other side, you had singles living in apartments who were stuck with no real contact or community, leading to depression and angst.
I think we'd have a much better chance at reducing the consumer mindset, making people reprioritize and getting out of the rat race if people were more easily able to go live in that boring, SFH neighborhoods with like minded folks.
No, I'm not naive enough to think that would stop the 30A stickers and influencers, but I've seen lots of "urban" couples move to a good, tight knit neighborhood in the burbs and go from "I'll never leave the city" to "this is what we were looking for all along" in a short period (usually with the addition of a quick kid or two).
We saw it with COVID, the good and bad. In my old neighborhood, people were glowing during COVID (at first). They mostly kept their jobs and were spending quality time with their kids. We had drink and food trucks in the neighborhood every few days and people just went outside and hung out with each other.
On the other side, you had singles living in apartments who were stuck with no real contact or community, leading to depression and angst.
I think we'd have a much better chance at reducing the consumer mindset, making people reprioritize and getting out of the rat race if people were more easily able to go live in that boring, SFH neighborhoods with like minded folks.
No, I'm not naive enough to think that would stop the 30A stickers and influencers, but I've seen lots of "urban" couples move to a good, tight knit neighborhood in the burbs and go from "I'll never leave the city" to "this is what we were looking for all along" in a short period (usually with the addition of a quick kid or two).
0
Posted on 10/12/21 at 11:33 am to LSU1SLU
About what?
Posted on 10/12/21 at 11:33 am to wutangfinancial
quote:
wutangfinancial
quote:
bull market in domestic equities.
quote:
grown their wealth
Checks out
Posted on 10/12/21 at 11:35 am to Gravitiger
quote:
So your first post I responded to made no sense?
No, because the policies that most people decry LBJ for happened during his first term, before re-election.
LBJ had already passed the civil rights act and started escalating Vietnam before he was elected. The Great Society legislation was already in motion, but it is possible that Goldwater may have been able to stop it and the disastrous 1965 immigration reform, but the horse had already left the barn before the election that boomers weren’t even old enough to vote in in the first place.
Posted on 10/12/21 at 11:35 am to Gravitiger
This all means nothing.
millennials are lazy, meh we Boomers and Gen Xers work so hard!
Nevermind the fact that we've been through two of the worse recessions since the great depression in the middle of our prime earning years and cost of living has done nothing but gone up while wages have remained relatively stagnant.
Could millennials be more financially responsible? Yea.
Is every millennial a lazy soft POS? No.
Are Boomers and Gen Xers more or less responsible for the state of this country and where we are right now?
Yea. You're the ones who raised us and created all the policy.
Talk about stones in glass houses. Jesus.
millennials are lazy, meh we Boomers and Gen Xers work so hard!
Nevermind the fact that we've been through two of the worse recessions since the great depression in the middle of our prime earning years and cost of living has done nothing but gone up while wages have remained relatively stagnant.
Could millennials be more financially responsible? Yea.
Is every millennial a lazy soft POS? No.
Are Boomers and Gen Xers more or less responsible for the state of this country and where we are right now?
Yea. You're the ones who raised us and created all the policy.
Talk about stones in glass houses. Jesus.
Posted on 10/12/21 at 11:36 am to fallguy_1978
quote:
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.
Yeah, and not to belabor the point, but it's not really even an option if you want safety and good schools, etc.
At least in the South, there's no real opportunity to go "you know what, let's downsize and have a quiet but nice life in a smaller community" without major, major tradeoffs on substantive things (schools, zoning, like-minded people, etc.).
It'll almost have to be a movement, where people decide they want to build an enclave for themselves with 250k homes in the middle of nowhere. It's not naturally occurring right now.
Posted on 10/12/21 at 11:36 am to Pettifogger
quote:
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.
Oh... IDK about that. You can definitely find places that approximate that description in the fringes of my metro area. Millennials just think they're too cool for that.
They're really just as parochial and suburban as their parents, but years of bad TV have made them dislike that lifestyle.
Posted on 10/12/21 at 11:39 am to kingbob
quote:You literally said, "No one voted for LBJ." That is obviously nonsense.
No, because the policies that most people decry LBJ for happened during his first term, before re-election.
LBJ had already passed the civil rights act and started escalating Vietnam before he was elected. The Great Society legislation was already in motion, but it is possible that Goldwater may have been able to stop it and the disastrous 1965 immigration reform, but the horse had already left the barn before the election that boomers weren’t even old enough to vote in in the first place.
Also, all he did during his first term was carry out RFK's agenda. He just renamed it. If JFK hadn't been killed, we'd still be in the same place we are now. You'd just blame the New Frontier instead of the Great Society.
This post was edited on 10/12/21 at 11:44 am
Posted on 10/12/21 at 11:39 am to USMEagles
I'm sure there is truth to it, but I can also assure you that many of them aren't leaving the city because there is a high cost of entry to any decent neighborhood right now.
So it's not just "ew, the burbs" it's "I'm not going to trade the Beltline apartment if my only option is owning in a pretty dicey neighborhood in Gwinnett"
So it's not just "ew, the burbs" it's "I'm not going to trade the Beltline apartment if my only option is owning in a pretty dicey neighborhood in Gwinnett"
Posted on 10/12/21 at 11:40 am to USMEagles
It’s more likely that either they don’t have kids and want to avoid the long commute of the fringe suburbs or they do have kids and those fringe suburbs have shitty schools.
Posted on 10/12/21 at 11:40 am to dewster
quote:
that are intolerant of any free thought.
As as person who grew up in a very small, southern town, you aren't going to find free thought there.
I do hope you're happy with your decision, but after growing up in a tiny town, I'd never live there again.
Posted on 10/12/21 at 11:41 am to USMEagles
quote:no. they don't want to spend 12 hours a week commuting from those fringe communities that will likely turn into shitholes before too long anyways.
Oh... IDK about that. You can definitely find places that approximate that description in the fringes of my metro area. Millennials just think they're too cool for that.
Posted on 10/12/21 at 11:41 am to GreatLakesTiger24
quote:
But when you factor in inflation, "real wages" have declined by 8.8%.
Are they counting the covid shite-show and Biden’s America or does inflation data cut off before all that?
Posted on 10/12/21 at 11:42 am to Dire Wolf
quote:
Most of all millennials entered their second real job during that timeframe, The youngest would 24 in 2019.
I guess that makes sense, and he bottom end of the age range is not being replaced. Still, the graph is all over the place in terms of year to year % changes.
Posted on 10/12/21 at 11:42 am to NIH
quote:
forget Brian from the suburbs is up to his eyeballs in mortgage, F350, private school, and boat payments.
I think most people accept that generally the entire generation makes poor choices.
Suburbia or urban.
This post was edited on 10/12/21 at 11:43 am
Posted on 10/12/21 at 11:44 am to GreatLakesTiger24
quote:
they don't want to spend 12 hours a week commuting from those fringe communities
Correct. They'd rather live in a hip area and bitch incessantly.
Posted on 10/12/21 at 11:47 am to Turkeythug9
quote:You do know that has been the case intergenerationally since the rise of the Roman Empire, right. The generation in charge always laments how bad the succeeding generation will be.
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 11:47 am to wutangfinancial
quote:
City living is absurdly expensive
It’s also where the jobs that actually pay are. I could have stayed In small town Mississippi too if making $16 / hr for the rest of my life was appealing.
Posted on 10/12/21 at 11:47 am to RogerTheShrubber
opposed to you living in the middle of nowhere and also bitching incessantly?
you're without a doubt the most miserable poster here lol
you're without a doubt the most miserable poster here lol
Posted on 10/12/21 at 11:47 am to Gravitiger
No boomers did. I was over simplifying the issue, but the point still stands. Undemocratic forces changed society for the worst which were beyond the control of anyone still living today to feasibly stop.
The reality is that the same forces which managed to push that agenda without electoral support are the same forces pushing the generational, racial, gender, and socio-economic divides today in order to keep us fighting and pointing fingers at each other for issues over which zero ordinary people have any real control over. Our country has been clandestinely conquered by global elites who understand that all of those things we love about America (individual and economic liberty, economic mobility, ownership of property, free speech, an armed populace, free and fair elections, government checks and balances, etc) were impediments to a one-world government, and thus seek to destroy everything that made America successful and unique to make that happen. We outnumber those folks 100k:1, but we do not know what mechanisms by which to stop them without destroying ourselves in the process.
The reality is that the same forces which managed to push that agenda without electoral support are the same forces pushing the generational, racial, gender, and socio-economic divides today in order to keep us fighting and pointing fingers at each other for issues over which zero ordinary people have any real control over. Our country has been clandestinely conquered by global elites who understand that all of those things we love about America (individual and economic liberty, economic mobility, ownership of property, free speech, an armed populace, free and fair elections, government checks and balances, etc) were impediments to a one-world government, and thus seek to destroy everything that made America successful and unique to make that happen. We outnumber those folks 100k:1, but we do not know what mechanisms by which to stop them without destroying ourselves in the process.
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