My boys are both millenials and are doing quite well. Own their own homes and already have a lot of $$ saved.
Mine doing well also
How did they do it? Most baby boomers didn’t manage to own their own homes in their 20s. I was 40!
Both mine are doing well too - own their homes and working on long-term solvency.
>>My boys are both millenials and are doing quite well. Own their own homes and already have a lot of $$ saved.
Do you understand that they are not typical of their generation?
There’s a lot of factors that explain the situation of the Millennials. There are exceptions, and virtually every child of a FReeper are those exceptions.
But, they didn’t get to have a free range childhood where they accepted the pains of their actions and they reaped the rewards too. They never got to lose, so they never got to win. They were leashed as small children, play-dated as pre-teens, forced to grow up sexually at an early age, and then hamstrung as teens trying to find the growing adult inside.
Then they entered the world that expects machine-like efficiency and their childhood experiences which taught them to quit early when facing difficulty so they can just get the Participation Trophy kicked in.
As adults, they decided to stay adolescents forever. They are a lost generation that will never amount to anything useful. They blame the world and the world blames them. Both are right. Of course, YMMV.
Yup! Those who plan longterm will do very well!! Especially in the technical fields!
Same here, our millennials are in jobs paying very good salaries. They married young, own their own homes, and one baby has arrived :) They are doing much better than we were at their age.