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re: I reject the idea that young adults/millennials “have it harder” than boomers at that age
Posted on 3/30/19 at 12:01 pm to AbuTheMonkey
Posted on 3/30/19 at 12:01 pm to AbuTheMonkey
I agree. Those millennial kids were as fine of Americans as any previously bar none, but again that was a CHOICE. When you are drafted as kids were in the 40-s-70’s that’s a different level of difficulty.
0
Posted on 3/30/19 at 12:03 pm to Joshjrn
quote:
To ignore that driver of wealth for previous generations that is no longer, at least at the moment, available to Millenials seems myopic to me.
the general crux is that inflation went out of fricking control relative to the cost of living from the 70s-00s.
If you were already established and in the system, you were fine, because your property etc. increased with inflation.
If you had nothing or were not born yet, you were fricked.
it's easier to exist in 2019. it's harder to accumulate wealth.
Posted on 3/30/19 at 12:08 pm to HailHailtoMichigan!
So genius, explain to me why car companies weren’t able to charge high prices for cars back then? Why would they only now decide to bilk consumers?
Because, a buck was still silver
It was back when the country was strong
Back before Elvis, before Vietnam war came along
Before the Beatles and yesterday
When a man could still work and still would
Is the best of the free life behind us now
And are the good times really over for good?
And are we rolling downhill like a snowball headed for hell
With no kinda chance for the flag or the liberty bell?
Wish a Ford and a Chevy
Would still last ten years like they should
Is the best of the free life behind us now
And are the good times really over for good?
Because, a buck was still silver
It was back when the country was strong
Back before Elvis, before Vietnam war came along
Before the Beatles and yesterday
When a man could still work and still would
Is the best of the free life behind us now
And are the good times really over for good?
And are we rolling downhill like a snowball headed for hell
With no kinda chance for the flag or the liberty bell?
Wish a Ford and a Chevy
Would still last ten years like they should
Is the best of the free life behind us now
And are the good times really over for good?
Posted on 3/30/19 at 12:09 pm to HailHailtoMichigan!
quote:
You people act like the only thing going in someone’s life after they graduate is college debt
There is a lot more to the story
General fall in price of consumer goods (electronics, food, clothing)
Increased quality of what you buy
Increased quality of medicine
iPhone
So, things that should make up a small percentage of your budget are cheaper and things that make up a big chunk of your budget (education, housing, healthcare) are more expensive. Got it. So how is that better?
Posted on 3/30/19 at 12:11 pm to deltaland
quote:And people today can teach themselves a 6-figure salary skill with only a smartphone and a (flakey) internet connection.
Boomers had a vibrant manufacturing economy that offered middle class jobs with nothing but a high school degree. People working there could afford a nice home and car without a college degree.
quote:Nope. A friend of mine has a software company. Has 49 employees. All remote. Spread out all over the planet (so he can provide 24-hour support).
millenias came of age in a stagnant economy that required degrees that saddled you with debt, and an over saturated labor force not offering many entry level jobs due to boomers not retiring because none saved for retirement.
You can serve customers all over the world from the comfort of you bedroom. The economy has NEVER been dynamic like that before.
Posted on 3/30/19 at 12:12 pm to Lsupimp
Knock it off, everybody.
It's always been difficult for young people to make their way into the world. It's ridiculous to argue that Boomers had it lots more easy than Millenials. If there's a difference, it's marginal. Also, we always forget that life might have been more easy in some areas back in the day, but tougher in some ways, than today.
It's always been tough for adolescents to find a way to "make it" in life. That's because adolescent people tend to be immature and often make less than optimal decisions about life issues.
It's always been difficult for young people to make their way into the world. It's ridiculous to argue that Boomers had it lots more easy than Millenials. If there's a difference, it's marginal. Also, we always forget that life might have been more easy in some areas back in the day, but tougher in some ways, than today.
It's always been tough for adolescents to find a way to "make it" in life. That's because adolescent people tend to be immature and often make less than optimal decisions about life issues.
Posted on 3/30/19 at 12:13 pm to HailHailtoMichigan!
Good luck buying a house, paying for your college loans, and forking over $1500+/month in daycare all at once.
Literally the only way you can do that is if your household income is $150k+/year (pytting you well into the 87th percentile for income. What does the other 86% do? Note those required incomes are higher if you live in any major city.
This post was edited on 3/30/19 at 12:17 pm
Posted on 3/30/19 at 12:13 pm to GeorgeTheGreek
quote:
You sound intelligent.
moreso than you
Posted on 3/30/19 at 12:14 pm to Tiguar
quote:I’ve made almost my entire wealth after 2003. Didn’t own a home until 2015. Guess I did it “wrong”
the general crux is that inflation went out of fricking control relative to the cost of living from the 70s-00s.
If you were already established and in the system, you were fine, because your property etc. increased with inflation.
Posted on 3/30/19 at 12:19 pm to Taxing Authority
I’ve done well, too, and pretty much all of it after 2008.
It doesn’t mean that I can’t recognize that there are systemic issues to wealth accumulation that didn’t exist to the same degree thirty or fifty years ago.
It doesn’t mean that I can’t recognize that there are systemic issues to wealth accumulation that didn’t exist to the same degree thirty or fifty years ago.
Posted on 3/30/19 at 12:21 pm to NYNolaguy1
quote:Every one of these is optional.
Good luck buying a house, paying for your college loans, and forking over $1500+/month in daycare all at once.
Posted on 3/30/19 at 12:22 pm to HailHailtoMichigan!
The basic reality is you can’t reap those rewards if you can’t find a real job that pays enough money to live remotely near it. I’m 28 with two allegedly marketable degrees, but I live with my parents and work part time because that’s the only job I’ve been able to land, and that’s the only place I can afford to live. I have multiple side hustles, but they barely turn a profit. I have essentially been on the job hunt non-stop for almost a year, been on countless interviews, but am still stuck in the same rut. If I had a decent job, I could enjoy all of those things that are better these days (cars, choice of goods, etc), but until then, I’m just a broke kid-ult stuck shite-posting on TD until one of these thousands of job applications I’ve filled out finally pays off. Thank goodness I’m relatively healthy and debt free or else I’d be completely f$&ked.
This post was edited on 3/30/19 at 12:24 pm
Posted on 3/30/19 at 12:25 pm to AbuTheMonkey
quote:Absolutely. If you want to use CDs and Savings accounts to earns return on your money today... it’s going to be hard as hell.
It doesn’t mean that I can’t recognize that there are systemic issues to wealth accumulation that didn’t exist to the same degree thirty or fifty years ago.
Sure some things are indeed harder. But that’s only half he equation. Most things are far easier. And opportunities far greater.
The idea that a HS graduate of my dads generaltion (that many didn’t even have electricity for pat of their childhoods) had more opportunity or an easier road than anyone alive today is... silly.
Posted on 3/30/19 at 12:26 pm to Taxing Authority
quote:
I’ve made almost my entire wealth after 2003. Didn’t own a home until 2015. Guess I did it “wrong”
Sigh. You seem unable to distinguish the concept of relativity. I am successful enough too. I don't struggle to make ends meet. That doesn't matter though.
This thread is about the relative ease of achieving the American dream across generations. There is a lot of data to suggest that it is harder now, starting from the bottom. Expensive things are more expensive, while cheap things are cheaper. The world is more competitive. Things move faster.
This post was edited on 3/30/19 at 12:27 pm
Posted on 3/30/19 at 12:26 pm to kingbob
quote:Thers never been a better time to work remotely, errr, out of your geographical area
The basic reality is you can’t reap those rewards if you can’t find a real job that pays enough money to live remotely near it.
This post was edited on 3/30/19 at 12:27 pm
Posted on 3/30/19 at 12:29 pm to cahoots
quote:
This thread is about the relative ease of achieving the American dream across generations. There is a lot of data to suggest that it is harder now, starting from the bottom.
Unless you're a HS dropout, you're not starting from the bottom.
Just remember, the work you do today makes it easier for those who will be 20 years behind you, and they will still complain and be ungrateful.
And you'll point out their 20 hour work weeks, universal income, etc...
This post was edited on 3/30/19 at 12:31 pm
Posted on 3/30/19 at 12:30 pm to cahoots
quote:I absolutely can. I’m not special. If I can do it, just about anyone else can. I’m not saying it’s easy. It never was. It never will be. But it’s always been possible. And there are way more opportunities (more possible) now than even when I started my business in 2005.
You seem unable to distinguish the concept of relativity.
For example.... in 2005 we still had long-distance phone service. Think we still have that expense today?
quote:Your personal expectations are just thst.
This thread is about the relative ease of achieving the American dream across generations.
quote:There a lot more suggesting otherwise.
There is a lot of data to suggest that it is harder now, starting from the bottom.
quote:Nope! I remember when a decent CAD machine was $5-6000. I can run that today on a $600 tablet. Long distance phone calls were $2+/minute. What was the last time you paid a long-distance charge?
Expensive things are more expensive, while cheap things are cheaper.
quote:There is also umprecemdented access to capital, and markets. But feel free to continue to ignore it.
The world is more competitive. Things move faster.
This post was edited on 3/30/19 at 12:34 pm
Posted on 3/30/19 at 12:32 pm to Taxing Authority
1 3 5
|—|—|
2 4 R
Is a mystery to most kids today.
1 3
|—|—|
2 4 R
Was enough to cover the 1/4 sufficiently in those days.
|—|—|
2 4 R
Is a mystery to most kids today.
1 3
|—|—|
2 4 R
Was enough to cover the 1/4 sufficiently in those days.
Posted on 3/30/19 at 12:32 pm to Taxing Authority
Try telling that to idiotic hr departments. While there are some fields, like graphic design, that have started embracing remote work, those positions are still few and far between. What I was getting at is that the few places where entry level jobs allegedly exist (NYC, DC, SF, L.A., Denver, Austin, Portland, Seattle, Nashville) are all so expensive to live anywhere near that you almost have to take a loss for a few years to move there and start those jobs. The only cities with jobs that seemingly have relatively affordable places to live are Dallas, Atlanta, and Houston.
Either way, on every job, I’m not competing with a dozen applicants, but hundreds and hundreds for every job, and most are much more “diverse”.
Either way, on every job, I’m not competing with a dozen applicants, but hundreds and hundreds for every job, and most are much more “diverse”.
This post was edited on 3/30/19 at 12:34 pm
Posted on 3/30/19 at 12:33 pm to deltaland
quote:
People working there could afford a nice home and car without a college degree.
Those old "nice" homes are still very easy to afford and...
quote:
stagnant economy that required degrees that saddled you with debt
...unlike your misguided belief, still do not require degrees. Welding, plumbing, electrical, HVAC/mechanical, flooring, carpentry...you clueless kids have no idea how much demand there is for work in skilled labor right now and it never stagnates if you always look for work to do. You saddle yourselves with debt because you chose dead-end fields that are easily commoditized instead of working some calluses into your hands.
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