Under thirty is when you find out what the real world is like and what you are made of...............
A lot of Boomers utterly fail to see how much the economy has changed. It’s NOT the same.
When I start seeing young people using flip-phones then I’ll believe they’re struggling, rather than spending their money stupidly.
Just judging by the number of young, homeless people wandering around our state university town, I know it’s pretty bad.
And they blame ‘Boomers’! It’s all the Boomers fault. The Boomers stole everything. Oh, can you read cursive or a wall clock?
My stepdaughter attended a Community College and obtained a certificate in respiratory therapy. She and her husband lived in a trailer while her husband built their first house. The manage their money well, and live a good life. It can be done.
The lingering Biden destruction of American wealth.
Same as it ever was.
Trump’s Agenda.... bottlenecking:
* Interest rates (construction 🏗️ , business)
* Judges
* Government debt
When I started my first job in 1962, every young colleague owned a house!
Because we worked in manufacturing industry where wages are much better than retail or clerical workers.
I could afford Florsheim leather shoes and any dress suit I desired.
Now retailing is biggest part of US economy.Manufacturing is by far biggest wealth creator in a country unless your country has sea of oil underneath. No wonder young people are stretched with affordability.
China went from a poor country 50 years ago to biggest economy in the world based on purchasing power index, by focus on manufacturing.
Well stated!
Although I’d say in my case 50 years.
I remember laying on a cardboard box
atop six inches of snow to change out the broken
rear end of our only family transportation
a 1969 Pinto station wagon.
Do kids even consider that today?
I repaired it and it worked for many years.
I never missed a day of work.
I think my costs at the time were $300 for junkyard parts parts and a few six packs of beer.
And 40% of our population is obese. When we were young we were more worried about getting our asses shot up in Vietnam rather than getting out of mom’s basement at 26 years old and where the next video game cartridge was.
Responsibilities matter.
Harvard Youth Poll. So, are these Harvard grads who are struggling? Figuring out that sheepskin ain’t all it’s cracked up to be?
Yes, I remember that very well. We called it scraping by.
It’s called being in your twenties!
When I was 30 I was barely getting by. That was 1985.
That’s been the case for a decade now.
>> “barely getting by” financially
that’s the intended outcome for the unfortunate working class
https://www.amortization.org/inflation/amount.php?year=1970&amount=7500
I graduated in 1970 and my first job paid $7,500. Based on calcs, that is worth $63,786 today.
Most of us have been there at a point, or points, in our lives.
I remember living in a 10’ x 48’ trailer, and eating 17-cent pot pies from the BX because that’s all we could afford.
Have goals, make good decisions, and it’s possible to escape that lifestyle.
45 years ago when I was under 30 I was just getting by on $5 an hour.