Posted on 11/08/2023 10:51:52 AM PST by ChicagoConservative27
Young adults are having a hard time embracing the “adult.”
A new survey revealed that Gen Z and millennial adults are facing more difficulties than their parents did when it comes to achieving milestones in the workforce.
Of the 1,039 young adults surveyed, aged between 18 and 34, 55% said it’s “much harder” to buy a home, 44% said it’s harder to find a job, and 55% said it’s harder to get promoted, according to a Youth & Money in the USA poll by CNBC and Generation Lab.
(Excerpt) Read more at nypost.com ...
Millennial here (actually on the fringe of being a Xennial). I don’t seem to be having an issue “adulting.”
I weep bitterly for my generation…
That’s because their parents got married, and with two paychecks, the bills are easier to afford.
Everything must be more difficult for those that use words like “adulting”.
I’m Gen-X, on the verge of being a Millennial. I was born between 3 mile island, and the Iranian Hostage Crisis. I find that hard work, plus living below your means will get you somewhere quickly. Also, when the boss calls with an offer of overtime, I don’t say “No Thanks,” I say “When and Where.”
I’m generation x myself. Tail end. 1978
You nailed it.
Gee, ya don’t say...
“That’s because their parents got married, and with two paychecks, the bills are easier to afford.”
It was also probably easier when wages hadn’t been stagnant for 50 years.
One thing that can be done might be to band together with a few friends and buy urban houses in neighborhoods with workable commutes and lower crime rates. They will have to be bought outright without a government backed mortgage, but they can be had for the price of a car. Fix it up, get it to pass inspection, sell it, and plow every dime into a better house. You will be owner occupying these properties.
F’n whiners. GROW UP!
Wages are the key—if you look closely at the numbers wages have not risen anywhere near the cost of living in the past few decades—particularly in the high cost of living areas.
This is a very sneaky way to lower a country’s standard of living.
I’d say it extends back to the 70s. The 90s saw a little reversal but it was short lived. The long term trend seems to start in the 70s and continues to this day.
30% of your generation are just fine. The other 70% is a lost cause.
We're $42T in the hole.
It started in the 1930s, and would have gone on continuously except it was interrupted by World War II. So there was a brief anomaly from the 1940s through the 1960s where Americans were able to enjoy a delusional standard of living because we were the only major country in the world with our industrial base and infrastructure unscathed by the war.
As a Baby Boomer, I benefited from two married parents who bought a home and passed it on to me after death with a fair bit of savings and bonds. The house wasn’t saddled with a home equity loan. Thus helped me at various stages of my life. I learned to save and delay wasteful spending. Millennial want it all given to them now.
I call BS. As a middle boomer, it was WAY harder to find a job in our time and you had to have two or more to make ends meet. Even McDonald's type jobs were competitive to get.
Kids make you “Adult”. Kill your kids...forever immature.
My mother said she watched their income pay for less and less even as it rose through promotions and pay raises from the 1970s on.
It is tricky to sort out these things. I don’t know that millennial and Gen Z have a harder time getting jobs as I (late Boom generation) can’t even get an interview in the same area my millennial children get jobs easily....
But my generation was not saddled with college debt, which is a huge difference.
Another difference is that from the mid-Boomer generation on, everyone was encouraged to follow their dreams. I have totally changed my mind on that: think of something that will not drive you crazy if you do it for 40 years and then go for it. Passions, dreams, and parachutes are for free time not paid time.
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