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re: This is why millennials are unhappy
Posted on 4/2/22 at 2:41 pm to timdonaghyswhistle
Posted on 4/2/22 at 2:41 pm to timdonaghyswhistle
quote:
Millenials are unhappy?
Good.
I'm 37 and I'm pretty happy.
It's the boomers and Gen X'ers that think being miserable is a badge of honor.
5
Posted on 4/2/22 at 2:42 pm to LSUFanHouston
We’ve been sold a bill of goods that inflation is awesome….when in fact it only benefits bankers and those with enough money to accumulate inflating assets. As that ballon stretches the bottom end of the asset and income scale will never keep pace with the higher end leaving the huge wealth discrepancy we have now.
TLDR - it’s the Fed’s and banker’s fault
TLDR - it’s the Fed’s and banker’s fault
Posted on 4/2/22 at 2:46 pm to dcrews
quote:Are you following comments by your fellow Gen-Y's in this thread? Perhaps you overlooked the thread title?
I'm pretty happy.
It's the boomers and Gen X'ers that think being miserable
Posted on 4/2/22 at 2:51 pm to fallguy_1978
Lot of single parent households these days too.
Even if we are talking about a two person household $65k is the equivalent of two people who earn $15.63 per hour. That is a starting wage at most employers these days and I live in an a state that has lower wages than most. Hell, my oldest who is still in school makes $19 per hour working part time in a warehouse.
Point is this, do the math. $65k household income is skewed by retirees and those who don't work for whatever reason. The earnings for an actively employed couple are much higher than $65k.
Even if we are talking about a two person household $65k is the equivalent of two people who earn $15.63 per hour. That is a starting wage at most employers these days and I live in an a state that has lower wages than most. Hell, my oldest who is still in school makes $19 per hour working part time in a warehouse.
Point is this, do the math. $65k household income is skewed by retirees and those who don't work for whatever reason. The earnings for an actively employed couple are much higher than $65k.
Posted on 4/2/22 at 2:53 pm to dcrews
quote:
It's the boomers and Gen X'ers that think being miserable is a badge of honor.
You might not be a whiner.
But your generation is always whining about something and begging for handouts.
Bunch of Latte sipping, man bun wearing sissy boys.
Posted on 4/2/22 at 2:55 pm to SoDakHawk
quote:
Point is this, do the math. $65k household income is skewed by retirees and those who don't work for whatever reason. The earnings for an actively employed couple are much higher than $65k.
Well, 50% of US households earn that or less so it can't be all old people and single parent homes.
Posted on 4/2/22 at 2:55 pm to LSUFanHouston
Lessee….if I remember correctly something big happened with the dollar in 1971….
Posted on 4/2/22 at 2:58 pm to jclem11
Two person household, $130k is rich? Bullshite. The media sure has done their job. $130k household is two $65k salaries. That's $31.25 per hour. That is not rich and lots of people make that kind of salary.
Hint: working in lending for a living you get to see a lot of financial statements. You see who makes what for what kind of job.
Hint: working in lending for a living you get to see a lot of financial statements. You see who makes what for what kind of job.
Posted on 4/2/22 at 3:03 pm to fallguy_1978
Active working households. Pulled this straight from Census.gov.
In 2020, real median earnings of those who worked full-time, year-round increased 6.9 percent from their 2019 estimate. Median earnings of men ($61,417) and women ($50,982) who worked full-time, year-round increased by 5.6 percent and 6.5 percent, respectively (Figure 4 and Table A-6).
Add the median earnings for a man and a woman together and you get over $111k.
In 2020, real median earnings of those who worked full-time, year-round increased 6.9 percent from their 2019 estimate. Median earnings of men ($61,417) and women ($50,982) who worked full-time, year-round increased by 5.6 percent and 6.5 percent, respectively (Figure 4 and Table A-6).
Add the median earnings for a man and a woman together and you get over $111k.
Posted on 4/2/22 at 3:04 pm to VictoryHill
I think sometime around 1970 we left the gold standard and just started the free for all money printing system
Posted on 4/2/22 at 4:09 pm to SoDakHawk
quote:No. Of course not.
Two person household, $130k is rich?
jclem11 was being facetious.
Pew Research studies this stuff though, and while $130K/yr falls in the US middle class, respondents in the $250K/yr income range also label themselves middle-class. $250K/yr is well into single digit percentiles of US HHI. So I prefer to ask folks how they define "middle class" before assigning income strata.
E.g., In quintile terms: lowest quintile = lower class, mid-3 quintiles = middle class, upper quintile = upper class. But due in large part to political and media-driven perception, folks would not like the associated income correlates.
Posted on 4/2/22 at 4:36 pm to dcrews
quote:speak for yourself
I'm 37 and I'm pretty happy.
It's the boomers and Gen X'ers that think being miserable is a badge of honor.
you have no clue
Posted on 4/2/22 at 4:43 pm to LSUFanHouston
That's not why they're unhappy. People throughout history have had far less but were less miserable.
Posted on 4/2/22 at 4:44 pm to dcrews
quote:
I'm 37 and I'm pretty happy.
It's the boomers and Gen X'ers that think being miserable is a badge of honor.
This is the dumbest thing I've ever heard. It's the young who wear misery on their sleeve.
Boy are you dumb
Posted on 4/2/22 at 4:47 pm to Jack Carter
quote:So true!
People throughout history have had far less but were less miserable
They are having their happiness AND upward mobility stolen from them, and it ain't Boomers or X'ers doing the stealing.
Posted on 4/2/22 at 4:49 pm to Jack Carter
quote:He did a synchronized retrograde just after the thread title was pointed out to him.
This is the dumbest thing I've ever heard.
Posted on 4/2/22 at 4:53 pm to Jack Carter
The more money you have, the higher the stress and responsibility.
Posted on 4/2/22 at 5:13 pm to jclem11
quote:Nieghborhoods change fast in Houston. I make a nice amount of money buying in that s*ithole known as The Heights.
Those are all in shithole areas
Posted on 4/2/22 at 5:13 pm to dchog
quote:How would that correlate with the Boomer's $68 Trillion?
The more money you have, the higher the stress and responsibility.
Posted on 4/2/22 at 5:16 pm to SoDakHawk
quote:Yea.
You serious? That is two people that make $65k each.
quote:I guess if you want to call "richer than 90% of the entire country" "middle class"... OK, but it makes no mathematical sense.
That is the straight definition of middle class.
Just curious, where do you think "rich" starts?
quote:That's true. But that simply shows how easy it is to become rich, and how flat income is when you take out the billionaire outliers. Both things that go against the left's narrative.
$65k is not that much money. That's an average job.
This post was edited on 4/2/22 at 5:21 pm
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