“and they’re really struggling.”
Thank goodness our lives were a bed of roses and nobody had to “struggle.”
Why a bunch of whiny complainers...and nobody likes whiny complainers.
I think the baby boomers had overall the best living experiences and the easiest time of anybody. They lived through the greatest expansion of economy in the history of America and the debt was created by them for personal benefit.
Yes, we struggled. Yes, we had to grind. Yes, we sacrificed. I thought the same way until I ran the numbers.
If you look at the cost of living (particularly housing) as a percentage of income, it’s twice what we paid.
Homes by me start at $400K. Just 20 years ago, they were $190K. My home increased in value by 250% in just 6 years and is out of reach for most young people because salaries didn’t jump by that much.
Unless you want to live in a super sketchy neighborhood, affordable housing means living with the parents.
Look at the price of a new car or even used cars. Some new cars start at $40K. Used cars that are not beat down hoopties run at least $8K. My first used car cost $250.
The ratios are way out of line from when we were young. It’s not sustainable. I see it with my oldest son. Smart, hardworking, college grad, he and his wife (who also works) are struggling. If it’s not free or inexpensive, they can’t do it. Second hand, Salvation Army, juggling bills. The starting rents on apartments by us are more than the mortgage plus utilities on my first house.
But we have billions to hand out freebies to illegals and we are sticking them with the bill.
The system is broken.