re: Why do old people go to the default argument of $6 coffee when talking about affordability

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I call complete and utter bullshite

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Ok.

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STFU. Alcohol was purchased...duty free for business meetings. With clients as a business expense write off. A regular six pack didnt cost a lot. Sorry your tofu costs $15 for a two finger batch... At a stupid grocery store that pays the bongo drummer, and lady using yogurt as douche...So you pay for it at the checkout.

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Just imagine what this one spends on kitty litter

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Good advice. For most people, its the micro purchases like eating out, starbucks, bottled water, energy drinks, streaming apps, etc... each in itself a seemingly low cost indulgence, but over time becomes a massive financial burden. Vacations are another vice that people can't seem to make good decisions around. MFer's are talking multiple vacations per year now.

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Agree 100%

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On the flip side, people are too aggressive with credit. Making 30 year mortgages in your 40's is probably not the best idea. 7 year car notes, student loans, all kill people's ability to get financially stable long term. It creates a cash flow crisis that ends up fattening up a credit card balance somewhere and compromising the ability to save.

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I disagree that using other people's money is bad.
It is a mathematical equation.
It can work to ones benefit.

I say that as someone who owns his home and vehicles outright.
But I didn't always.

Debt can be productive.
The best time to buy a home was 20 years ago. The second best time is today. And that includes taking out a mortgage.

I tell my kids that a student loan is OK. But dont have a student loan and a car payment. Choose one or the other (preferably the lowest interest rate one).

Credit scores rate one's ability to manage debt. It is a skill.

Society today is blessed with a high disposable income. That disposable income can be ruined with bad debt choices and bad lifestyle choices (dining out, subscriptions, luxury items like concerts and vacations).

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When baby boomers bought their "gallons", it was more likely to be shite like taaka or old crow as opposed to grey goose or makers mark. So when it comes to alcohol, baby boomers were still probably more cost conscious than younger generation

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how fricking stupid are you

yea all those high end brands just started making money when millennials turned 21

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Vacations are another vice that people can't seem to make good decisions around.

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yea let me not go make memories with friends or family for a couple thousand dollars to save money for my retirement when I might die before I can use it or die right after I start using it

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So spending money back in the day on gallons of alcohol wasn't?

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Not everyone was buying alcohol and if they did, they weren't buying "gallons", unless you had a drinking problem.

Because I have two 24 year olds supporting themselves and doing well..but daily 6.00+ coffees and $25.00 glasses of wine are staples ..along with very expensive dinners out on the regular with friends...on top of that, they are travelling, constantly by plane...and live in cities where a 1 bedroom costs 2.5k to 4k a month just cause they want to, not because their job is there! When they bitch about the affordability crisis, which they are totally brainswashed by the media on...I just let them know they don't ever seem to have to miss a high-end meal or live in section 8 housing, and will NEVER get ahead like that. I never got to live like that in my early 20's when I had a stereo on cement blocks and 2 x12's and hand me down furniture, and I dont want to hear it....

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How the eff would I know what it costs to be young? Every time I talk to my son, which is pretty often, I realize that his world is very different from mine.

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That's ridiculous and absurd.

We all live in the same world, and it doesn't cost anything to "be young" that it doesn't cost you to "be old."

His actual needs are the same as yours. Food, clothing, shelter, insurance, etc.

His wants are what separate you from him.

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Sister said the YW acted like she was telling her to go home and kill her dog.
Sister said frick this,I can’t do this for the rest of my life,hence the nursing degree.

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It's unfortunate that even in nursing, she'll still be dealing with so many peoples' health problems that are also largely avoidable (diet, exercise, etc.), but it's certainly more rewarding and fulfilling if her goal is to actually help people. My wife is a hospice nurse, so I get it.

There was a point in my early life when I strongly considered higher education in psychology and mental health, but I was far more liberal-minded back then and I didn't get too far into adulthood before I had the epiphany that most people truly are their own worst enemy. It's like a voluntary vow of being irresponsibly retarded.

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Point is that boomers & Gen Xers didn’t moan about entitlements like ownership of a 3k square foot condo/house in the center of the most desirable and hip locations.

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They just moan about SS being reformed because it along with their Medicare is causing the country to go broke