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re: This is why millennials are unhappy
Posted on 4/2/22 at 12:46 pm to Liberator
Posted on 4/2/22 at 12:46 pm to Liberator
quote:This isn't unintentional. The propagandists have done an amazing job fomenting class warfare. Our perceptions of "rich" are grossly distorted.
In defense of younger Millennials and Gen Z, they have been programmed for a pop-culture of life-entitlement & "My cup is always half-empty!" mentality; It's all most have ever known.
Most people think that "rich" is Jeff Bezos, Elon Musk, the Kardashians. And anyone below that is "poor". That is a silly concept.
Rich is far more accessible. You don't have to be a billionaire to be "rich". You don't even need to be a millionaire. A $130k/yr household is top 10%. Rich by any objective standard. Go ask 100 people if $130k/yr is "wealthy" or "rich". Almost all of them will say "middle class". Nope.
It only takes $175k/yr to reach the top 5%. $250k/yr is top 2%. All of these would be labeled "middle class" by most people. They are all rich.
Now... they probably don't feel rich. But look at what they comparing themselves to. They are comparing themselves to Jeff Bezos--not the other 90% of Americans that earn less than them. It's an incredible manipulation of perception. It's a brilliant way to make someone in the top 10% of society perceive themselves as "poor". Great way to start a class warfare.
This post was edited on 4/2/22 at 12:52 pm
1
Posted on 4/2/22 at 12:48 pm to udtiger
quote:College degrees were only valuable because they were difficult to obtain. Used to prove you had a viable work ethic and determination. Now it means you can borrow money. Any idiot can do that. HINT: MBAs have become the same way.
Then, student loans made it easy for ANYONE to go.
This post was edited on 4/2/22 at 12:49 pm
Posted on 4/2/22 at 12:49 pm to NC_Tigah
quote:
The enemy is the socialist-marxist left wing stoking the flames of intergenerational discord to enable seizure of trillions in private assets. With the help of MSM propagandists, leftists have managed to maneuver Gen-Y and Z into actually welcoming a huge federal theft of what would otherwise be their inheritance. By the time Gen-Y and Z naivety wanes, the damage may well already be done.
well summarized.Posted on 4/2/22 at 12:54 pm to LSUFanHouston
The notion that any class or group in America should be taking even a moment out of their day to whine about their lot in life is laughable. We have the most spoiled, entitled, softest population the world has ever seen. Every single one of us that cares to, lives substantially better than those in similar position on the economic ladder from decades ago. Today’s poor live like lower-middle class Americans lived fifty years ago. Today’s middle class lives like upper-middle class Americans decades ago. This dynamic persists all the way up the food chain. Anybody that doesn’t understand this is a hopeless moron. Anybody that doesn’t acknowledge this is a habitual whiner, has a fricked up political agenda, or is dim enough to be the victim of someone else’s fricked up political agenda.
Life gets easier and better with time (that’s science). It’s weird there are people that need to believe otherwise.
Life gets easier and better with time (that’s science). It’s weird there are people that need to believe otherwise.
This post was edited on 4/2/22 at 12:56 pm
Posted on 4/2/22 at 1:27 pm to LSUFanHouston
When there's a limitless supply of unskilled labor coming across the border wages will never increase
Posted on 4/2/22 at 1:29 pm to Bearcat90
quote:
Doesn't want to live in starter homes o
LOL. Those do not exist anymore.
Posted on 4/2/22 at 1:34 pm to jclem11
Yep and people converting sheds into homes is a big deal now.
Posted on 4/2/22 at 1:37 pm to jclem11
quote:
LOL. Those do not exist anymore
Then go out and build some, dumbass. You'll get rich while filling a gaping hole in the demand side of the market.
Posted on 4/2/22 at 1:40 pm to Taxing Authority
The more people graduate with a degree, the less valuable it becomes. A lot of these professions don't need degrees and some employers are paying school for the employees.
Posted on 4/2/22 at 1:53 pm to jclem11
quote:
Doesn't want to live in starter homes o
LOL. Those do not exist anymore.
quote:Houston, right?
jclem11
Here's a printout of Houston standalone homes <$200K.
Posted on 4/2/22 at 2:03 pm to NC_Tigah
I'll take the house full of tires.
Posted on 4/2/22 at 2:10 pm to NC_Tigah
quote:
Houston, right?
Correct.
Those are all in shithole areas or a 1.5 hour plus commute. lmaoo.
FTR -- I bought a house 4 years ago and I am doing just fine.
Posted on 4/2/22 at 2:19 pm to elprez00
quote:Boomers paid the equivalent of today's basic cell/data for a frigging corded rotary phone, with long-distance charges stacked on top.
All things boomers didn’t have to do shite with.
Boomers paid $2,600 for a MacPlus computer with a 9" B&W screen and 1MB of RAM, $450 for a dot-matrix printer, and $650 for an External 20MB hard drive. That totals to about $9500 in today's money.
Al Gore hadn't invented the internet yet, but when he did, the cost for "boomers" was more than you pay for access now, and that was at about 1/1000th the speed.
Posted on 4/2/22 at 2:22 pm to NC_Tigah
When boomers bought thought things it was considered a luxury. Not a necessity for conducting business and daily life.
I’m sure leaving that out was just a mistake on your part.
I’m sure leaving that out was just a mistake on your part.
Posted on 4/2/22 at 2:27 pm to jclem11
quote:A litany of those are inside the loop. I'm keenly aware of the "areas". That's where we had ..... wait4it ..... our starter home. You know .... the places you'd not consider. We lived on Sheridan, just off Kirby and Holcombe in a house now torn down. Our next door neighbor was a gas station. It is what it is.
Those are all in shithole areas or a 1.5 hour plus commute. lmaoo.
Posted on 4/2/22 at 2:32 pm to Taxing Authority
quote:
A $130k/yr household is top 10%. Rich by any objective standard.
You serious? That is two people that make $65k each. That is the straight definition of middle class. $65k is not that much money. That's an average job.
Posted on 4/2/22 at 2:37 pm to TigerOnTheMountain
quote:A corded rotary phone was a luxury, not a necessity. Gosh, that is an interesting take.
When boomers bought thought things it was considered a luxury. Not a necessity for conducting business and daily life.
Here's some breaking news, $9500 spent on computer equipment today would fall into the same "luxury" category. The difference being in the mid/late-1980's, there was not a $300 functional alternative. But for anyone who needed to take work home from their computer stations at the office back then (I've heard boomers did that), the home desktop was a necessity.
Posted on 4/2/22 at 2:39 pm to SoDakHawk
The median household income in the US is 67k.
Posted on 4/2/22 at 2:39 pm to SoDakHawk
It's priorities. I live in a rural state, South Dakota, with small towns filled with cheap housing stock. With the explosion of WFH there is nothing stopping people from leaving high cost urban areas and moving to more affordable areas of the country, the more rural areas. They choose to live in high cost areas then complain about the costs.
Frankly, those people can stay the hell out of rural America. We don't want them here anyways.
Frankly, those people can stay the hell out of rural America. We don't want them here anyways.
Posted on 4/2/22 at 2:41 pm to SoDakHawk
quote:
You serious?
How out of touch are you? $130K annual income is rich, dude.
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