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Started By
Message
re: How will young people ever get ahead?
Posted on 5/3/23 at 8:15 am to lsupride87
Posted on 5/3/23 at 8:15 am to lsupride87
quote:
You are acting like home renovations are slam dunk affordable ways for everyone.
They pretty much are if you are smart. I have done it my whole life.
quote:
If you don’t know how to do the work yourself, which is perfectly reasonable even for very hard workers,
Young people can't paint, demo, or watch a youtube video to learn how to do some repairs? There is way more knowledge on the internet than at any previous time in history to learn to do anything you want to do.
quote:
it’s expensive as frick and not really a more economical answer
This is 100% bullshite
1
Posted on 5/3/23 at 8:15 am to lsupride87
Boomers will never admit that because it destroys their entire view of the world.
Posted on 5/3/23 at 8:15 am to GetCocky11
quote:
I'm looking to go the mobile home route, idgaf about being looked down by society.
I might go this route for my next move, or a yurt. The yurt is cheaper but I have to set up a pad.
I'm not paying 500k for a 3.2 ranch. I don't care how much money I have at the time.
Posted on 5/3/23 at 8:15 am to Allthatfades
They won't and they'll keep voting for it.
Posted on 5/3/23 at 8:15 am to Allthatfades
With a decent education or trade skills, a young married couple could do fairly well and afford a home and cars while having a small family.
The avg household income being near $50k is impossible though but there's a huge chunk of young people bringing in 150k a year household income.
The avg household income being near $50k is impossible though but there's a huge chunk of young people bringing in 150k a year household income.
Posted on 5/3/23 at 8:16 am to SquatchDawg
quote:
The same way everyone did…by working their way up.
My first job out of college was $30k back in 1996. A kid bagging groceries at Publix makes $15/hr now. Do the math.
Don’t buy a new car. Buy used and reliable.
Rent and live with roommates. You don’t need a house starting out.
The issue is kids think they should live and have what their parents do right out of the gate. It doesn’t work that way. I’m not saying it’s easy…but it’s never been easy.
Not sure why you got downvoted so much. I do believe the world is changing and there will be a whole lot less jobs in 10-20 years. AI and more automation will kill jobs in the near future. That's the scary thing. We knew this was going to happen 10-20 years ago, and nobody talks about it. It's going to be a very big and bad situation. It will change the way we live and work. I hope I'm wrong, but I don't think I am.
Posted on 5/3/23 at 8:16 am to Allthatfades
I'm 30 yr and think about this often. I have 2 jobs, no kids, and still very concerned about this.
I like to use the Inflation Calculator to understand salaries in comparison to inflation.
Inflation Calculator
I like to use the Inflation Calculator to understand salaries in comparison to inflation.
Inflation Calculator
This post was edited on 5/3/23 at 8:21 am
Posted on 5/3/23 at 8:16 am to stout
quote:
Cool so your parents didn't have to fix up a house. You used to be able to order a whole house from Sears too. Times change and so does the market and people have to adapt In today's world fixing a few houses and moving up over time is not desirable but is a great wealth builder and a way to avoid being in massive debt like your friends.
Thank you for simply admitting that young adults today have it more difficult today than their parents did before them. That’s my entire point. Never attempted to say it was impossible
Posted on 5/3/23 at 8:16 am to GetCocky11
quote:
I'm looking to go the mobile home route, idgaf about being looked down by society. Manufactured housing has gotten a lot nicer since my childhood.
MHs hold value better than they used to. The old argument was they would depreciate too fast. That's isnt true as much these days.
Condos are expensive due to BS HOA fees
Posted on 5/3/23 at 8:17 am to Allthatfades
They should stop voting Democrat. Majority of young people vote for Democrats thanks to indoctrination in school and feelings plus being influenced by Hollywood.
Posted on 5/3/23 at 8:17 am to SquatchDawg
quote:
My first job out of college was $30k back in 1996. A kid bagging groceries at Publix makes $15/hr now. Do the math.
I am probably a couple of years younger than you but this is incorrect.
Just to put this on perspective, back in our day right out of college, a single family home averaged $140K or so, salaries averaged $32K-40K for a couple of years experience.
Fast forward 25 years now. A single family house averages $380K now, what about the average salary for a college graduate or couple of years experience? <$50K? It is still doable but the purchase power situation is much harder than 25 years ago.
Posted on 5/3/23 at 8:18 am to jcaz
quote:
With a decent education or trade skills, a young married couple could do fairly well and afford a home and cars while having a small family.
And have little to no savings by the end of the month
Posted on 5/3/23 at 8:18 am to Allthatfades
I was told that the opportunities for the young folks were to:
Learn to code
Build solar panels
Find jobs in the EV field
Sub out as cobalt field labor in the Congo region of Africa
Labor downstream of AI controlled apps
Etc…….
Learn to code
Build solar panels
Find jobs in the EV field
Sub out as cobalt field labor in the Congo region of Africa
Labor downstream of AI controlled apps
Etc…….
Posted on 5/3/23 at 8:18 am to Allthatfades
It can be done and I'll break my back to make sure my kids have the opportunity to get ahead just like my dad did for me.
The day I had kids they became my foremost priority. It's a shame there's this leave your kids to the wolves mentality people have. At the very least you should steer them towards lucrative career paths and support them to accomplish those paths.
Posted on 5/3/23 at 8:19 am to Allthatfades
Spend less than you make.
Posted on 5/3/23 at 8:19 am to upgrayedd
quote:
Wage stagnation and inflation make overcoming those hurdles far more difficult
Wage stagnation is not nearly as important as inflation. One helps drive the other. I would gladly have my pay stagnate if inflation were more stable. Income of wealth is never as important as outflow of wealth.
Posted on 5/3/23 at 8:19 am to HogBalls
quote:Republicans spend just as much as Democrats. This idea that they're fiscally responsible is absurd.
They should stop voting Democrat. Majority of young people vote for Democrats thanks to indoctrination in school and feelings plus being influenced by Hollywood.
Posted on 5/3/23 at 8:19 am to upgrayedd
Why doesn’t everyone become a mechanical engineer or do tech sales while living in rural kansas?
Posted on 5/3/23 at 8:19 am to SquatchDawg
You can’t compare individual experience to groups of people; you have to look at averages/medians…
Housing has far outpaced income, and with rent doing it too the ability to move from renting to owning is also becoming more difficult…
We’re paying twice as much to eat and more to eat at home than you were going out…
In the past twenty years car prices have double inflation…
Don’t even get started with medical and educational costs…
So, compared to their incomes, kids today are starting out with more debt, paying more to rent, paying more to drive to work, paying more to eat, paying more for their medical coverage, all the while trying to plan for their retirement in a system of minimal returns. Now they have a lot of things that are easier today too, but don’t act the long term outlook is just as good today as it was a generation or two ago.
Housing has far outpaced income, and with rent doing it too the ability to move from renting to owning is also becoming more difficult…
We’re paying twice as much to eat and more to eat at home than you were going out…
In the past twenty years car prices have double inflation…
Don’t even get started with medical and educational costs…
So, compared to their incomes, kids today are starting out with more debt, paying more to rent, paying more to drive to work, paying more to eat, paying more for their medical coverage, all the while trying to plan for their retirement in a system of minimal returns. Now they have a lot of things that are easier today too, but don’t act the long term outlook is just as good today as it was a generation or two ago.
Posted on 5/3/23 at 8:19 am to el Gaucho
quote:
That’s like 250k now and that same job still pays 30k today
Plus a house was 20k back then and a car was 5k
Say what? I think you're back in 1955, not 1996. I bought our house in 2000. It's a normal sized house and I paid quite a bit more than $20k for it. And cars I bought were a bit more than $5k too. Maybe you're just joking.
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