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Posted on 1/30/20 at 1:47 pm to DownshiftAndFloorIt
quote:
Takes two people working to pay a frickin house note these days
Simple solution. Live with in your means. It sucks a little at first but over time you upgrade and eventually get to a comfortable place.
Is this really that hard to understand.
Posted on 1/30/20 at 1:47 pm to JohnnyKilroy
quote:
Boomers in shambles
How so?
Posted on 1/30/20 at 1:56 pm to RLDSC FAN
I’m 31. My 401k is close to that, my savings account and precious metal worth is not close to that 
On the other hand, my debt isn’t close to 50k either so I’ve got that going for me.
On the other hand, my debt isn’t close to 50k either so I’ve got that going for me.
Posted on 1/30/20 at 1:57 pm to RLDSC FAN
I call bullshite on this story.
Posted on 1/30/20 at 1:58 pm to RLDSC FAN
quote:
aged 24-41 have more than $100,000 in savings
Easy to do when you still live in your parents basement and they still give you an allowance.
This post was edited on 1/30/20 at 2:01 pm
Posted on 1/30/20 at 2:00 pm to RLDSC FAN
I’m 29 and have like $30k+ saved.
Not bad, not great.
I would like to say thanks to Trump because it’s about doubled over the last three years. Will probably suck the first time I endure a big dip in the workforce.
Not bad, not great.
I would like to say thanks to Trump because it’s about doubled over the last three years. Will probably suck the first time I endure a big dip in the workforce.
This post was edited on 1/30/20 at 2:00 pm
Posted on 1/30/20 at 2:01 pm to RLDSC FAN
It's almost like they are getting older and into the prime earning parts of their careers...
Posted on 1/30/20 at 2:14 pm to Snipe
quote:
Simple solution. Live with in your means. It sucks a little at first but over time you upgrade and eventually get to a comfortable place.
Is this really that hard to understand.
Yeah, let's pretend that the cost of living and basic goods haven't skyrocketed over the last 10-15 years, while wages have stayed the same and full time jobs have been cut down 50% by most corporations.
Posted on 1/30/20 at 2:19 pm to DownshiftAndFloorIt
quote:
Because we fricking have to. Takes two people working to pay a frickin house note these days
Not if you aren’t trying to buy a house outside of your means. I have young employees who cannot believe that they qualified for a 350k mortgage, and then go borrow that amount of $, I’m like come on guys, why do you mortgage your arse away!
Posted on 1/30/20 at 2:20 pm to cooLStorybreaUx
It’s harder to save now than when I started working after college 20 yrs ago. My health insurance costs more than a mortgage on a $250k house, cell phone and internet cost as much as a decent vehicle note etc... if my mortgage wasn’t paid off it would be tight and we have a decent household income
ETA: family of 5
Recently moved out of LA as private school tuition was crippling.
ETA: family of 5
Recently moved out of LA as private school tuition was crippling.
This post was edited on 1/30/20 at 2:21 pm
Posted on 1/30/20 at 2:22 pm to Snipe
quote:Easy to say while living in some podunk place in Louisiana. It's easy to live anywhere in that shithole with a dual income of 2 x $40k/year jobs. You go anywhere else to try to enjoy life, you'll need combined $150k because they're desirable places to live and work.
Simple solution. Live with in your means. It sucks a little at first but over time you upgrade and eventually get to a comfortable place.
I'm not going to live in a shithole like Louisiana because my money will go further.
This post was edited on 1/30/20 at 2:23 pm
Posted on 1/30/20 at 2:41 pm to RLDSC FAN
This is accurate. A lot of millennials are completely worthless. But about 1/4 are extremely valuable and making more than most boomers, especially in technology driven fields and STEM fields. Those are generally financially literate and understand the value of early savings and are doing well
Posted on 1/30/20 at 2:45 pm to cooLStorybreaUx
quote:
Yeah, let's pretend that the cost of living and basic goods haven't skyrocketed over the last 10-15 years,
How old are you? this is life. The cost of living goes up, never down.
quote:
while wages have stayed the same and full time jobs have been cut down 50% by most corporations.
BS.
If the industry you're in is stagnant and you desire more money change careers like a lot of people do.
Posted on 1/30/20 at 2:45 pm to RLDSC FAN
If company 401k is in that, yeah I’m well over that. If just personal savings, not including accounts I have for kids, I’m close but maybe not there
Posted on 1/30/20 at 2:48 pm to RLDSC FAN
quote:
according to a new report from Bank of America.
Don't you feel irresponsible and left behind now! Come save all your money with us at BOA!!
Posted on 1/30/20 at 2:49 pm to RLDSC FAN
quote:
Nearly a quarter of people aged 24-41 have more than $100,000 in savings
No way that's accurate.
Posted on 1/30/20 at 2:51 pm to RLDSC FAN
Aw gee, who would have thought studies on an aged based group would show increased financial stability as that group ages.
I bet that 27% who haven't saved anything will be the focus of older generations' ire.
I bet that 27% who haven't saved anything will be the focus of older generations' ire.
Posted on 1/30/20 at 2:53 pm to TexasTiger90
quote:
I'm not going to live in a shithole like Louisiana because my money will go further.
In other words you don't want to start at the bottom and work your way up, Instead you feel your entitled to all the fruits of life right now.
AS far as 40K per year vs 150K, You generally get paid what your worth. If you/re not getting paid what you want, increase your value.
Posted on 1/30/20 at 2:56 pm to Snipe
I made more last year than my dad ever has in his life, and by no means living extravagantly. shite ain't the same no more.
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