How much of the change is due to so many youths spending like there is no tomorrow, and racking up student loan debt that no one would have ever considered 20 years ago? Kids who want to live in a house NOW (I first bought at 35), or want a nice car NOW (I’ve been known to use a motorcycle thru a north Utah winter). Or because they are King of the World in War Something 12, and don’t want to stoop to daily work?
Read my Post 15. It’s an amplification of what you wrote. We are on the same page.
The price of college tuition, fees, and books has doubled in the past decade.
Thanks, Fedzilla.
Kids who want to live in a house NOW
I'd like to live in a house that I own some day, but real estate here in Northern Virginia is in the $500K+ range (and that's in the outer suburbs).
Of course, after living all twenty-six years of my life in the Federal deathtrap, I think in a few years I will be done with this place.
want a nice car NOW
I bought a used 2010 vehicle with 30K miles this year. Want to blame me? I was driving a 2001 vehicle with 240K miles previously, and although it still runs, it had become somewhat unreliable - and I really don't want to be stuck in a dead vehicle on the way to my full-time job or my part-time graduate classes in engineering.
Or because they are King of the World in War Something 12, and don’t want to stoop to daily work?
I haven't played video games or computer games in forever. Quite a few of my fellow Gen Y colleagues do; while they're gaming, I'm usually getting eaten alive by the Angry Birds of stochastic processes and queueing theory.
Anyone else want to attack the productive young'uns who are getting raped to pay for Socialist Insecurity and Medicare (Socialist healthcare for old people)?