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re: How will young people ever get ahead?
Posted on 5/4/23 at 1:39 pm to Allthatfades
Posted on 5/4/23 at 1:39 pm to Allthatfades
Thanks boomers for ruining the economy over the last 50 years
1
Posted on 5/4/23 at 2:28 pm to DeathValley85
quote:Has happened for decades. Whats happening now isn't new. That was my point earlier.
It's pretty irrefutable that wages have been outpaced by the price of nearly everything
Posted on 5/4/23 at 2:28 pm to DeathValley85
Dbl
This post was edited on 5/4/23 at 2:30 pm
Posted on 5/4/23 at 2:39 pm to Jake88
How do they explain the spike in average hourly earnings during peak Covid time? Does “wages” include govt handouts?
Posted on 5/4/23 at 2:45 pm to Rick9Plus
Also, you have to admit that per your graph, this has been the single biggest quick jump in CPI since the 70’s. Making this, in fact, a shitty economic time.
Posted on 5/4/23 at 3:22 pm to Hoyt
They don't even want families. Gen Z kids value to be a bunch of degenerate fruitcakes wearing bondage gear at gay pride festivals. One of the most lost generations I've ever seen in my life. Social media platforms destroyed all of humanity
Posted on 5/4/23 at 3:26 pm to Rick9Plus
quote:
I think our economy as well as our culture (high crime, race issues, general trashiness in behavior all around) mirrors the 70s right now.
Feels a little like it. There was a lot of distrust in government, social anger and general malaise in the mid-late 70s just like there is today.
This post was edited on 5/4/23 at 3:27 pm
Posted on 5/4/23 at 3:39 pm to Allthatfades
My advice is going to be when they are out and ready to start a family, move to an area where you don't have to pay tuition. That is absolutely step 1
Posted on 5/4/23 at 4:12 pm to Rick9Plus
quote:
Hopefully our next 1980s-90s is right around the corner.
I wouldn't be saying 80s so much if I were you. There was a huge recession with the oil bust and tons of homes were foreclosed on. The interest rates skyrocketed while inflation went higher and higher...all sort of just like now. Except we haven't gotten to the real estate foreclosure yet because the interest rate increases are just getting going and the housing prices just it their peak last year. The early to mid 80s weren't great at all for most people financially. Starting out then, it was very hard to buy a home, get a loan, etc. Interest rates on home loans were well over 10%!!!
Posted on 5/4/23 at 4:54 pm to Rick9Plus
quote:Didn't say it wasn't a shitty time, it is. My point was that what young people are experiencing now is not new and not unfamiliar to previous generations.
this has been the single biggest quick jump in CPI since the 70’s. Making this, in fact, a shitty economic time.
This post was edited on 5/4/23 at 4:55 pm
Posted on 5/4/23 at 6:23 pm to Allthatfades
void
This post was edited on 5/18/23 at 4:13 pm
Posted on 5/4/23 at 6:25 pm to Jake88
quote:
Didn't say it wasn't a shitty time, it is. My point was that what young people are experiencing now is not new and not unfamiliar to previous generations.
Actually, objectively it is. Without a doubt it's going to be radically different than what Gen X or the boomers experienced.
Posted on 5/4/23 at 9:17 pm to Funky Tide 8
I agree. Regardless if Republican or Democrat, we ought to all be addressing this.
Posted on 5/4/23 at 10:12 pm to icegator337
quote:
Thanks boomers for ruining the economy over the last 50 years
You are welcome.
sucks to be you
Posted on 5/4/23 at 10:43 pm to stout
quote:
Not a lot of them are willing to buy a fixer-upper and put in some sweat equity.
Good luck finding that place when the culture has moved into those neighborhoods. It takes money to hide from poor people and their poor problems
Posted on 5/5/23 at 6:35 am to tiggerthetooth
quote:According to the OT, this is not real.
Climate change
Posted on 5/5/23 at 7:13 am to jclem11
quote:
Wat? My HSA plan for me only is $25 a check, or $50 a month. I also max out the HSA contribution annually.
Only way that is possible is if your employer makes meaningful contributions on your behalf. $3850 is the annual max for 2023. You are putting in $600 annually. So, either you get a $3250 contribution from your employer or you aren’t maxing your HSA.
Posted on 5/5/23 at 7:27 am to el Gaucho
quote:
back in 1996
quote:
Plus a house was 20k back then and a car was 5k
Not even close.
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