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Started By
Message
re: How will young people ever get ahead?
Posted on 5/3/23 at 11:22 am to Allthatfades
Posted on 5/3/23 at 11:22 am to Allthatfades
quote:
How will young people ever get ahead?
- Vote conservatively
- do homework on candidates; watch for RINOs
- apply studying to meaningful courses
- develop a hard work ethic and thick skin
- be independent and not a victim
- put away the phone when with friends and family
That’s a start.
3
Posted on 5/3/23 at 11:22 am to Allthatfades
Over 20 pages in less than 5 hourw.
Here is what is going to happen.
The poor will work "min wage" jobs and be supplemented by the government - much as they do now.
The young people from wealthy families will receive in inheritence and will actually be better off.
The middle class will shrink and eventually gravitate mostly to the poor.
End result... poor subsidized by government and wealthy basically operating their own economy and rules.
Here is what is going to happen.
The poor will work "min wage" jobs and be supplemented by the government - much as they do now.
The young people from wealthy families will receive in inheritence and will actually be better off.
The middle class will shrink and eventually gravitate mostly to the poor.
End result... poor subsidized by government and wealthy basically operating their own economy and rules.
Posted on 5/3/23 at 11:23 am to AwgustaDawg
quote:
most folks under about 40 or so don't know how to change their own oil,
Most people over 40 don’t know how to either
Posted on 5/3/23 at 11:24 am to NPComb
quote:
- apply studying to meaningful courses
- develop a hard work ethic and thick skin
- be independent and not a victim
These are great.
quote:
- put away the phone when with friends and family
Meh. This doesn't really impact anything.
quote:
- Vote conservatively
- do homework on candidates; watch for RINOs
Conservatives aren't there to help the middle class / young people.
If they cared about the future middle class, they would not have deficit spent their way into a 30T debt.
Posted on 5/3/23 at 11:25 am to LSUFanHouston
quote:
End result... poor subsidized by government and wealthy basically operating their own economy and rules.
so basically status quo?
Posted on 5/3/23 at 11:25 am to tiggerthetooth
(no message)
This post was edited on 9/11/25 at 6:16 am
Posted on 5/3/23 at 11:25 am to LSUFanHouston
quote:
Over 20 pages in less than 5 hourw.
Here is what is going to happen.
The poor will work "min wage" jobs and be supplemented by the government - much as they do now.
The young people from wealthy families will receive in inheritence and will actually be better off.
The middle class will shrink and eventually gravitate mostly to the poor.
End result... poor subsidized by government and wealthy basically operating their own economy and rules.
Correct. The affluent sacrifice the middle class to the poor to maintain their affluence to buy them time until the next ponzi scheme can be planned to repeat all over again.
Posted on 5/3/23 at 11:26 am to Allthatfades
24 pages in a few hours for this bullshite?
Go work your arse off, stay out of debt as best you can, and live within your means. If you're a driven responsible person you'll be fine.
Go work your arse off, stay out of debt as best you can, and live within your means. If you're a driven responsible person you'll be fine.
Posted on 5/3/23 at 11:27 am to Richard Grayson
quote:
Go work your arse off, stay out of debt as best you can, and live within your means. If you're a driven responsible person you'll be fine.
oh GTFO of here with that crazy talk!!
Posted on 5/3/23 at 11:27 am to NPComb
quote:
Vote conservatively
I keep seeing this pop up.
Who is actually conservative in this scenario? I mean you say RINO, but really. Do you actually think the GOP are conservative? There very few who are are outliers in the party and most of the voting block laughs at them. You have Rand Paul now, but who else you got?
Posted on 5/3/23 at 11:28 am to Allthatfades
I think for millennials and younger, it’s basically unavoidable that a large portion of them will pay a much higher percentage of their income on housing than their parents did. That applies to both owners and renters and across the income spectrum. Obviously on the micro, individual borrowers will want to give themselves some cushion, but on the macro level with housing costs far outpacing income gains, this is an unavoidable endgame.
For the relative few lucky enough to own their home, they will more likely be stretching to do so, and that will turn their home into something of a primary savings vehicle in itself. This is not ideal traditionally, but I’m not sure how it can be avoided.
For the relative few lucky enough to own their home, they will more likely be stretching to do so, and that will turn their home into something of a primary savings vehicle in itself. This is not ideal traditionally, but I’m not sure how it can be avoided.
Posted on 5/3/23 at 11:28 am to Richard Grayson
quote:
stay out of debt as best you can
The young will finance the lifestyle they think they deserve.
Posted on 5/3/23 at 11:29 am to el Gaucho
I know you’re trolling but this is actually correct
Posted on 5/3/23 at 11:29 am to 777Tiger
quote:
so basically status quo?
Right now there is still some vestigaes of a middle class, but that's dissappearing fast.
Posted on 5/3/23 at 11:30 am to LSUFanHouston
Being “poor” is way richer than being middle class
They get welfare, free crab legs and steak, free healthcare, free houses, free iPhones, free Escalades with the handicapped tag
Honestly poor people make Elon musk look broke
They get welfare, free crab legs and steak, free healthcare, free houses, free iPhones, free Escalades with the handicapped tag
Honestly poor people make Elon musk look broke
Posted on 5/3/23 at 11:31 am to LSUFanHouston
quote:
Right now there is still some vestigaes of a middle class, but that's dissappearing fast.
yep, I just google what it takes to be in the top 5% income bracket, I guess I'm supposed to be wealthy but I think I'm as middle class as it gets
Posted on 5/3/23 at 11:31 am to Crowknowsbest
quote:
that will turn their home into something of a primary savings vehicle in itself
This has been the case in places like California for over a generation now. But if their dumb policies cause enough people to leave and property values to tank then a shitload of people are gonna be in a world of hurt.
Posted on 5/3/23 at 11:31 am to NPComb
quote:
- develop a hard work ethic
I think this is applicable for side hustles, starting your own business, working for yourself, etc...
If you are working for an employer, work ethic means very little to a lot of people. So long as you aren't a total idiot and you can show up on time, you'll have a job.
The people who work hard and have a team player mentality are the ones who have the most work dumped on them and get burnt out due to going above and beyond every hour of every day. Then employers can't understand why their 3% raise and a quarterly pizza party isn't sufficient to keep you happy.
That's why younger generations "job hop". They can do the same job (often in a much less stressful environment) they were doing with their previous employer but for 20%-25% more money.
This post was edited on 5/3/23 at 11:32 am
Posted on 5/3/23 at 11:33 am to dcrews
quote:
I admittedly should be further along financially than I am now, but I've made right my past wrongs and trying to buy a house in this market is insane. I have no inheritance coming and zero money from my family/parents.
Which is fine (I'm glad others have that opportunity), but housing costs with current mortgage rates, insurance and property taxes are astronomical. Even with a decent down payment, it's still an insane monthly expense/investment.
This is my boat as well, outside of inheritance hopefully 30-40 years out (I would obviously rather have my parents alive than money, and have told them multiple times it's yours spend it). My dad has warned me multiple times about housing prices and "go look for a starter home". 400k in a nice area near a major city IS A STARTER HOME NOW.
I also have extremely limited experience building and fixing things. It's just not currently my skill set, and attempting to be my own contractor while also working 45 plus hours a week seems like a recipe for disaster.
This post was edited on 5/3/23 at 11:35 am
Posted on 5/3/23 at 11:34 am to UtahCajun
quote:
Who is actually conservative in this scenario? I mean you say RINO, but really. Do you actually think the GOP are conservative? There very few who are are outliers in the party and most of the voting block laughs at them. You have Rand Paul now, but who else you got?
When it comes to fiscal policy, the only difference between the Dems and the vast majority of the GOP, including their voting base... is to whom they want to give government money away to.
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