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re: Millennials will spend 45% of income on rent before age 30

Posted on 3/28/18 at 12:51 pm to
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 3/28/18 at 12:51 pm to
quote:

Most millennials I know personally are far more self reliant and responsible than "TD millennials".



No one loves anecdotal evidence of the people he knows representing a multi multi million population than ole Rog
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 3/28/18 at 12:52 pm to
quote:

It shouldn't be hard at all to pay off 10k on a 50k salary


Not hard, but it would take some time.
Posted by HoustonGumbeauxGuy
Member since Jul 2011
33489 posts
Posted on 3/28/18 at 12:53 pm to
Millennials will ruin 90% of everything cool about this planet by age 30

FIFY


This post was edited on 3/28/18 at 12:53 pm
Posted by GoCrazyAuburn
Member since Feb 2010
41058 posts
Posted on 3/28/18 at 12:53 pm to
quote:

Most millennials I know personally are far more self reliant and responsible than "TD millennials".





Then I'll amend my statement.


quote:

Complaining about Millinnials you don't know complaing, in a thread complaining about millennials that aren't like the millenials you know


Better?
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 3/28/18 at 12:56 pm to
Been working a career full time since I was 19, baw.

I think taking out student loans to become a fricking teacher is absurd.
Posted by GreatLakesTiger24
Member since May 2012
60663 posts
Posted on 3/28/18 at 12:56 pm to
Also, who is complaining?
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53525 posts
Posted on 3/28/18 at 1:01 pm to
quote:

It's absolutely absurd to pretend that the housing conditions which so benefited past generations are still in place at present. The typical (white) blue-collar worker in 1965 could basically easily afford to buy a home (with a government-guaranteed mortgage) that wasn't very far from his place of low-skill employment. Good luck on that today.

That was mostly true for some baby boomers and earlier generations. A few things contributed to that going away. Women entering the workforce in larger numbers which created more 2 income households. Also, many manufacturing jobs that were plentiful in the 50s-60s moved overseas.

I do think that much of the younger generations wouldn't find the living conditions of your average blue collar worker in the 60's acceptable. They probably had one vehicle and lived in a 1400 sq ft house with a family of 5.
Posted by GoCrazyAuburn
Member since Feb 2010
41058 posts
Posted on 3/28/18 at 1:02 pm to
quote:

Also, who is complaining?


Probably 80% of the posters in this thread
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 3/28/18 at 1:03 pm to
quote:

I do think that much of the younger generations wouldn't find the living conditions of your average blue collar worker in the 60's acceptable


No shite? It's 2018, we have color tv, microwaves, and cellphones.
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 3/28/18 at 1:04 pm to
quote:

I do think that much of the younger generations wouldn't find the living conditions of your average blue collar worker in the 60's acceptable. They probably had one vehicle and lived in a 1400 sq ft house with a family of 5.


This is meaningless. If the younger generation was born back then, of course they'd find it was acceptable. Why should they change their living conditions because people in the past didn't have it as good?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299513 posts
Posted on 3/28/18 at 1:05 pm to
quote:

I think taking out student loans to become a fricking teacher is absurd.


Why? Teachers in many places make about the same as median income of college grads.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 3/28/18 at 1:05 pm to
quote:

Why? Teachers in many places make about the same as median income of college grads.


With no chance of upward mobility or substantial pay increases.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299513 posts
Posted on 3/28/18 at 1:06 pm to
quote:

do think that much of the younger generations wouldn't find the living conditions of your average blue collar worker in the 60's acceptable. They probably had one vehicle and lived in a 1400 sq ft house with a family of 5.


Right.

It's normal to have a lower standard of living when you graduate college than you did living with parents. That's a hard lesson for some.
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 3/28/18 at 1:07 pm to
Starting average salary is $36k. Average salary non starting is $56-58k.

Wow. Glad I put myself in all that debt!
Posted by GoCrazyAuburn
Member since Feb 2010
41058 posts
Posted on 3/28/18 at 1:07 pm to
I'd also say the school you got your teaching degree from is probably even less applicable than the median college grade with an actual productive major.

Teachers have value, I'm not arguing that, but I'd agree that taking out student loans for that degree can be pretty silly. $10k, eh not that bad. However, if much more than that, you are just being dumb.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299513 posts
Posted on 3/28/18 at 1:09 pm to
quote:

Starting average salary is $36k.


Maybe in Tx, not everywhere.
Posted by meaux5
New York, NY
Member since Sep 2010
11030 posts
Posted on 3/28/18 at 1:09 pm to
You don’t even wanna know my rent in nyc
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 3/28/18 at 1:10 pm to
It's the US national average...
Posted by GreatLakesTiger24
Member since May 2012
60663 posts
Posted on 3/28/18 at 1:10 pm to
quote:

Maybe in Tx, not everywhere.
no, that is the national average
Posted by GoCrazyAuburn
Member since Feb 2010
41058 posts
Posted on 3/28/18 at 1:11 pm to
quote:

Maybe in Tx, not everywhere.


Pretty sure that is the national average
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