Posted on 04/24/2024 9:20:10 AM PDT by TigerClaws
Video at link. (Posted as Vanity so the citizen reporters here can use it as a story. Bidenomics!)
Morning Joe @Morning_Joe .@profgalloway : "For the first time in our nation's history, a 30-year-old... isn't doing as well their parents were at 30. People are opting out of America... because, frankly, they're pissed off. They see exceptional wealth across my generation—and they're really struggling."
Conservatives complain about how Obama “fundamentally transformed” America.
Then, many Conservatives sneer down at struggling young people and say, “Quit complaining! Things were tough when I was young under Reagan! I triumphed! So shut up!”
Maybe — just maybe — if we want young people to be open to Conservative ideas, we should be a little sympathetic to young people who have grown up in the post 9/11, Bush, Obama, Biden years. They were given a rotten world. And that’s a world that older people made for them.
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.
If we encourage young people to study ethnic, racial, climate, and gender studies, surely they will prosper.
Sorry meant to add-
if one can’t make it in this country-they’re not making it anywhere else on earth.
So 30-year-olds in the Great Depression were doing better than their parents who may have been living in the gilded age. okey-dokey.
well.. stop cramming food in your obese mouths, look down and figure out what sex you actually are, stop smoking pot and doing other drugs, stop desecrating your bodies with tatooes and piercings and then actually show up to work and work.
houses, cars, education, insurance, and medical care ALL cost so much because of liberal interference in the free market!
Every single over priced thing in America is that way because liberals MADE it that way!
I think they have this backwards. Two of my adult kids have taken lavish vacations to exotic places several times, and I’ve not been outside the country since our honeymoon to Jamaica 39 years ago. One of our kids makes more than my engineer husband, and lives in a high end neighborhood in the Bay Area. They do live paycheck to paycheck, but they live what I would consider an extravagant lifestyle. Only the youngest is thrifty like we were and still are. He is more suited to this article that the first two are, but he also chose a completely different career path.
This all relative to anywhere else on earth.
Wealth is largely banal in our nation.
At one time it meant superior medical care, indoor plumbing, a car, a TV it meant substantive difference.
In modern America, all the doctors are largely taught the same, using the same texts and means, same with the lawyers everyone owns every gadget, we eat largely the same food in the similar restaurants and on and and on.
The material is accurate in a vacuum.
All good points. BUT, our three kids have probably three dozen friends among them all in their mid 30s. Almost all are doing well — college educated, home owners, young kids. A couple are superstars making ungodly amounts of money; a couple are laggards who can’t get their lives together. Most are professionals making good incomes. Two of our three kids own homes. Our middle daughter and husband bought a new home outside Spokane, WA. Our older daughter and fiancé bought a fixer-upper in the SF Bay Area and transformed it into like-new.
Maybe I’ve got a skewed sample as these are all children of Silicon Valley achievers, but it’s a pretty good sample. Probably over a third of them moved away from California because they knew their prospects were mediocre here, at best. Some of them managed to get transfers by their big tech employers to other operations around the country. Others pulled up stakes and made the move without a job in their new home state. Some landed jobs in cheaper parts of the country and moved.
Our older daughter got laid off six weeks ago and starts a new job on Monday. she’s a go-getter and has built an outstanding professional network.
Bottom line: a good education, drive, initiative, and hard work almost always pay off.
With abortion, low birth rates, economic collapse and importing millions of third worlds it sets up America and Europe for a massive collapse into oblivion.
China is winning the war without firing a shot. Just get Democrats elected and they’ll destroy America.
The new Marxists we are importing and growing through the thought programming ‘education’ system will seize the wealth of older Americans as part of the massive ‘reparations’ programs.
We have a political show trial going on for the Republican nominee for POTUS. America is toast.
Hoping a shooting war breaks out here between Muslims and Jews. That’s about the only thing that’d close our open borders. Then Muslims stay home in November as the Dem party is controlled by the Jews.
But even one Trump win likely not enough to change course for the country.
You’ve raised a bunch of whining snowflakes who are incredibly soft, lazy and entitled. What did you expect?
FWIW, my adult kids are better off than we were at that age.
When they were in their 30s, both of my grandfathers fought in the trenches in WWI (one barely survived a mustard gas attack), survived the Spanish Flu Pandemic (along with Polio and countless other epidemics in a pre-antibiotic world), got married, and built businesses and lives. Then, when they were in their 50s, they lost everything in the Great Depression (my paternal grandparents quite literally when their home was washed away in a flood), rebuilt from nothing, and then sent their sons off to fight in WWII.
My great-grandparents said goodbye forever to everything and everyone they had ever known, to travel across the world to a continent where they had never been before and knew that they would never leave, just for the opportunity to work themselves to death so that their children might have a chance for better lives.
I think they might take issue with snowflakes today bemoaning how much harder their lives are than prior generations.
They had 15yrs of near 0% money. I may have given a lung for near 0% money at one time.
The opportunity associated with an easy money era is insane.
Some chose to use it to acquire unique and valuable skills-good for them.
In the meantime, savers paid for all of it in the largest wealth transfer in the history of earth.
What nonsense. There have always been those who lagged behind their parents' accomplishments in life, and those who surpassed them.
When I was 30, I certainly wasn't doing as well as my parents had been at that age. Then I finished college, got a career going, and ended up doing OK after all. Not great, but OK.
not my kids
All own their own homes
the duel couple are breaking 250K have a beautiful home and kids
the one with lots of kids is home with them now but will eventually go back to her non AI replaceable job 100K
the one with his own business owns home and business and will be breaking 150 first year
and the one who is ill has own place and works as can.
Hyperbole much?
The debt added in the past ten years or so are not the sole fault of the boomers. Gen X and the Millenials were pretty active in government.
Also, the private debt being wracked up is not the fault of the boomers.
This habit of blaming everything on “generations” is hilarious. It uses the terms established by the academics…yet I guarantee very few of the people using these terms to generalize behavior haven’t read the books. At all.
It’s like the people who use “black swan” incorrectly.
“And the ONLY solution is to vote for Biden to clean up Trump’s mess” (I added that part...)
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