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Posted: 3/3/2019 8:34:52 PM EST
[#1]
Quote History |
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Posted: 3/3/2019 8:39:47 PM EST
[#2]
Quote HistoryQuoted: I didn't have a choice. It was go to college or be kicked out. I went to the cheapest college in my state. What would you have done at 18 in the middle of a recession? I live with my girlfriend. People like you are part of the problem. I am okay with that problem, but not your perceived life isn't fair problem. Man up and stop envying what others have. You control your fate. |
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Posted: 3/3/2019 8:43:11 PM EST
[#3]
Quote HistoryQuoted:
I didn't have a choice. It was go to college or be kicked out. I went to the cheapest college in my state. What would you have done at 18 in the middle of a recession? I live with my girlfriend. People like you are part of the problem. Quote HistoryQuoted:
Quoted: You are actually the perfect example. You went to an expensive university out of choice. You took out loans out of choice. Parents forced you to sign loan documents? They forced you to go into a field you didn't like? Did you call the FBI and report this hostage situation? Get another roommate and it will be cheaper. I live with my girlfriend. People like you are part of the problem. |
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Posted: 3/3/2019 8:44:07 PM EST
[#4]
Quote HistoryQuoted:
I didn't have a choice. It was go to college or be kicked out. I went to the cheapest college in my state. What would you have done at 18 in the middle of a recession? I live with my girlfriend. People like you are part of the problem. Quote HistoryQuoted:
Quoted: You are actually the perfect example. You went to an expensive university out of choice. You took out loans out of choice. Parents forced you to sign loan documents? They forced you to go into a field you didn't like? Did you call the FBI and report this hostage situation? Get another roommate and it will be cheaper. I live with my girlfriend. People like you are part of the problem. 
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Posted: 3/3/2019 8:44:09 PM EST
[#5]
Quote HistoryQuoted:
I didn't have a choice. It was go to college or be kicked out. I went to the cheapest college in my state. What would you have done at 18 in the middle of a recession? I live with my girlfriend. People like you are part of the problem. Quote HistoryQuoted:
Quoted: You are actually the perfect example. You went to an expensive university out of choice. You took out loans out of choice. Parents forced you to sign loan documents? They forced you to go into a field you didn't like? Did you call the FBI and report this hostage situation? Get another roommate and it will be cheaper. I live with my girlfriend. People like you are part of the problem. |
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Posted: 3/3/2019 8:46:01 PM EST
[#6]
Quote HistoryQuoted: Not even close. The farmer gets money to live off his revenues from farming his asset. The inheritance baby gets money to live off his revenues from his asset. it is the same thing. The magnitude of difference is key there. Again, I'm not advocating socialism, I'm stating that fewer people have more of the money (a fact), and how I believe that complicates the economy. |
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Posted: 3/3/2019 8:46:42 PM EST
[#7]
Quote HistoryQuoted:
I want everyone to post their age when they say they have no problem with wealth inequality, along with how old they were when they bought their first home. I'm just making a bet. |
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Posted: 3/3/2019 8:48:19 PM EST
[#8]
Quote HistoryQuoted: Except if the farmer has a bad year he could lose his entire asset. The magnitude of difference is key there. Again, I'm not advocating socialism, I'm stating that fewer people have more of the money (a fact), and how I believe that complicates the economy. You keep moving the goal posts. |
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Posted: 3/3/2019 8:50:35 PM EST
[#9]
Except if the farmer has a bad year he could lose his entire asset. Leverage is the usual culprit, and any investor can over leverage. |
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Posted: 3/3/2019 8:54:14 PM EST
[#10]
Quote HistoryQuoted:
Good lord. Quote HistoryQuoted:
Good lord. Quoted: You sound pretty young. Go bang your young girlfriend and quit worrying about this shit. It'll all work out, and you'll be glad that you did. Trust me. Quoted: Not sure if serious. I'm not sure I'm following here guys. We both work good full time jobs. We make over 80k a year. Because of student loans, medical bills, and renting, we (and millions of other people our age) are worse off than our parents were at our age. THAT is the point. People that are older make fun of our generation say "well by god I got by just fine on only $35k in 1980" not realizing that it is equivalent to over 110 fucking K in today's money, and that was a SINGLE INCOME. https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=35000&year1=198001&year2=201901 |
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Posted: 3/3/2019 8:57:33 PM EST
[#11]
Quote HistoryQuoted: So you all can say with 100% honesty that if it was you in that situation, you would have chosen to be kicked out? I'm not sure I'm following here guys. We both work good full time jobs. We make over 80k a year. Because of student loans, medical bills, and renting, we (and millions of other people our age) are worse off than our parents were at our age. THAT is the point. People that are older make fun of our generation say "well by god I got by just fine on only $35k in 1980" not realizing that it is equivalent to over 110 fucking K in today's money, and that was a SINGLE INCOME. https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=35000&year1=198001&year2=201901 Yes, people strike out on their own and go to school at 18. It literally happens every single day. And you are suggesting $80K/yr isn't enough to live on when the average household makes under $60K? 
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Posted: 3/3/2019 9:00:54 PM EST
[#12]
Quote HistoryQuoted: Bob has 1 Billion Dollars. He inherited his money and owns no businesses. He buys a nice car every year and pays taxes on a nice house (or two). His entire income is capital gains generated from his wealth sitting in an account full of investments. He pays less taxes (percentage wise) than some average middle class dual income families. He does generate some economic stimulus from his lifestyle and what taxes he pays but it is vastly disproportionate to his actual wealth which he will never touch (or have a need to). He could live the same lifestyle with 100 million in wealth. Which leaves the vast majority of his money just growing untouched and unusable to the economy. |
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Posted: 3/3/2019 9:01:05 PM EST
[#13]
Quote HistoryQuoted:
So you all can say with 100% honesty that if it was you in that situation, you would have chosen to be kicked out? I'm not sure I'm following here guys. We both work good full time jobs. We make over 80k a year. Because of student loans, medical bills, and renting, we (and millions of other people our age) are worse off than our parents were at our age. THAT is the point. People that are older make fun of our generation say "well by god I got by just fine on only $35k in 1980" not realizing that it is equivalent to over 110 fucking K in today's money, and that was a SINGLE INCOME. https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=35000&year1=198001&year2=201901 Quote HistoryQuoted:
Quoted:
Good lord. Quoted: You sound pretty young. Go bang your young girlfriend and quit worrying about this shit. It'll all work out, and you'll be glad that you did. Trust me. Quoted: Not sure if serious. I'm not sure I'm following here guys. We both work good full time jobs. We make over 80k a year. Because of student loans, medical bills, and renting, we (and millions of other people our age) are worse off than our parents were at our age. THAT is the point. People that are older make fun of our generation say "well by god I got by just fine on only $35k in 1980" not realizing that it is equivalent to over 110 fucking K in today's money, and that was a SINGLE INCOME. https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=35000&year1=198001&year2=201901 
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Posted: 3/3/2019 9:03:13 PM EST
[#14]
Quote HistoryQuoted: I'm not trying to judge anything. Just trying to share some life experience with you. The world is what it is. Make the best of it. You've got a 20-ish girlfriend. Stop arguing with old people on the Internet. 
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Posted: 3/3/2019 9:03:16 PM EST
[#15]
Work 70-80 hours a week for about 20 years, then give out your earnings to people who are “owed” my money.
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Posted: 3/3/2019 9:04:35 PM EST
[#16]
Quote HistoryQuoted: WTF, are you serious right now? Yes, people strike out on their own and go to school at 18. It literally happens every single day. And you are suggesting $80K/yr isn't enough to live on when the average household makes under $60K? The only people that have kids are rich, or poor. Middle people can't afford them, but also don't get any help from pappa gov. |
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Posted: 3/3/2019 9:05:28 PM EST
[#17]
There is no problem.
The world needs ditch diggers too. |
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Posted: 3/3/2019 9:10:36 PM EST
[#18]
Quote HistoryQuoted:
So you all can say with 100% honesty that if it was you in that situation, you would have chosen to be kicked out? I'm not sure I'm following here guys. We both work good full time jobs. We make over 80k a year. Because of student loans, medical bills, and renting, we (and millions of other people our age) are worse off than our parents were at our age. THAT is the point. People that are older make fun of our generation say "well by god I got by just fine on only $35k in 1980" not realizing that it is equivalent to over 110 fucking K in today's money, and that was a SINGLE INCOME. https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=35000&year1=198001&year2=201901 Quote HistoryQuoted:
Quoted:
Good lord. Quoted: You sound pretty young. Go bang your young girlfriend and quit worrying about this shit. It'll all work out, and you'll be glad that you did. Trust me. Quoted: Not sure if serious. I'm not sure I'm following here guys. We both work good full time jobs. We make over 80k a year. Because of student loans, medical bills, and renting, we (and millions of other people our age) are worse off than our parents were at our age. THAT is the point. People that are older make fun of our generation say "well by god I got by just fine on only $35k in 1980" not realizing that it is equivalent to over 110 fucking K in today's money, and that was a SINGLE INCOME. https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=35000&year1=198001&year2=201901 You're doing fine. You're better off than previous generations. |
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Posted: 3/3/2019 9:18:47 PM EST
[#19]
Quote HistoryQuoted: The whole point of the thread is that yes, while it may be enough to live (read:survive with not much entertainment or indulgence) on, its not equivalent to the middle class lifestyle that was afforded to the generation that grew up in the middle of the most prosperous period in US history. Kids are now considered an expensive luxury. THAT is how bad it is for young people. The only people that have kids are rich, or poor. Middle people can't afford them, but also don't get any help from pappa gov. EDIT: bought at 27, am early 40's, tail end of Gen X. On my 4th house now. |
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Posted: 3/3/2019 9:21:16 PM EST
[#20]
The average income in 1980 was $12.5k. Now, I did have a little bit of dividend and interest income, but not much. I think that 1980 was the last time I talked on a party line. |
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Posted: 3/3/2019 9:21:25 PM EST
[#21]
Quote HistoryQuoted:
So you all can say with 100% honesty that if it was you in that situation, you would have chosen to be kicked out? I'm not sure I'm following here guys. We both work good full time jobs. We make over 80k a year. Because of student loans, medical bills, and renting, we (and millions of other people our age) are worse off than our parents were at our age. THAT is the point. People that are older make fun of our generation say "well by god I got by just fine on only $35k in 1980" not realizing that it is equivalent to over 110 fucking K in today's money, and that was a SINGLE INCOME. https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=35000&year1=198001&year2=201901 Quote HistoryQuoted:
Quoted:
Good lord. Quoted: You sound pretty young. Go bang your young girlfriend and quit worrying about this shit. It'll all work out, and you'll be glad that you did. Trust me. Quoted: Not sure if serious. I'm not sure I'm following here guys. We both work good full time jobs. We make over 80k a year. Because of student loans, medical bills, and renting, we (and millions of other people our age) are worse off than our parents were at our age. THAT is the point. People that are older make fun of our generation say "well by god I got by just fine on only $35k in 1980" not realizing that it is equivalent to over 110 fucking K in today's money, and that was a SINGLE INCOME. https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=35000&year1=198001&year2=201901 I don’t deny that your generation has it worse than the baby boomers, but that is “on average”. On an individual level we all have the ability to make choices. It sounds like you have chosen pretty well if you are making $80k. That is well above median. |
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Posted: 3/3/2019 9:22:03 PM EST
[#22]
There is no such thing as "Wealth Inequality". There is however such a thing as "Work Ethic Inequality" The SJW and the lazy (same thing) want to have the same things and income of those who work their ass of to succeed. Unfortunately the something for nothing class seems to be getting plenty of attention by the MSM.
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Posted: 3/3/2019 9:25:01 PM EST
[#23]
Quote HistoryQuoted: Yes, I guess I would have chosen to be kicked out. I voluntarily moved out when I was 17, from a loving, supportive family, to take advantage of what seemed like the best opportunity for me at the time. I don’t deny that your generation has it worse than the baby boomers, but that is “on average”. On an individual level we all have the ability to make choices. It sounds like you have chosen pretty well if you are making $80k. That is well above median. |
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Posted: 3/3/2019 9:26:04 PM EST
[#24]
Quote HistoryQuoted: No, he wouldn't; he still owns the land, just like the other guy his inheritance. I could argue that interest rates suck and the inheritance guy had a bad year. You keep moving the goal posts. |
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Posted: 3/3/2019 9:26:26 PM EST
[#25]
Quote HistoryQuoted:
It seems to cause a lot of problems right here on this website. Post a thread about buying a new platinum super duty and see what happens. 
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Posted: 3/3/2019 9:27:56 PM EST
[#26]
Quote HistoryQuoted: So you all can say with 100% honesty that if it was you in that situation, you would have chosen to be kicked out? I'm not sure I'm following here guys. We both work good full time jobs. We make over 80k a year. Because of student loans, medical bills, and renting, we (and millions of other people our age) are worse off than our parents were at our age. THAT is the point. People that are older make fun of our generation say "well by god I got by just fine on only $35k in 1980" not realizing that it is equivalent to over 110 fucking K in today's money, and that was a SINGLE INCOME. https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=35000&year1=198001&year2=201901 |
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Posted: 3/3/2019 9:28:03 PM EST
[#27]
Quote HistoryQuoted:
I want everyone to post their age when they say they have no problem with wealth inequality, along with how old they were when they bought their first home. I'm just making a bet. Paid cash for my house at age 22
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Posted: 3/3/2019 9:29:03 PM EST
[#28]
Quote HistoryQuoted:
Yes, I guess I would have chosen to be kicked out. I voluntarily moved out when I was 17, from a loving, supportive family, to take advantage of what seemed like the best opportunity for me at the time. I don’t deny that your generation has it worse than the baby boomers, but that is “on average”. On an individual level we all have the ability to make choices. It sounds like you have chosen pretty well if you are making $80k. That is well above median. Quote HistoryQuoted:
Quoted:
Quoted:
Good lord. Quoted: You sound pretty young. Go bang your young girlfriend and quit worrying about this shit. It'll all work out, and you'll be glad that you did. Trust me. Quoted: Not sure if serious. I'm not sure I'm following here guys. We both work good full time jobs. We make over 80k a year. Because of student loans, medical bills, and renting, we (and millions of other people our age) are worse off than our parents were at our age. THAT is the point. People that are older make fun of our generation say "well by god I got by just fine on only $35k in 1980" not realizing that it is equivalent to over 110 fucking K in today's money, and that was a SINGLE INCOME. https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=35000&year1=198001&year2=201901 I don’t deny that your generation has it worse than the baby boomers, but that is “on average”. On an individual level we all have the ability to make choices. It sounds like you have chosen pretty well if you are making $80k. That is well above median. |
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Posted: 3/3/2019 9:29:17 PM EST
[#29]
Didn't read the whole thread, just wanted to say that ignoring the have nots is dangerous. Regardless of how or why they got that way.
Having said that, the have nots sure do seem to have a lot. Expensive sneakers, modern smartphones, huge flat screens, and lots and lots of kids. I don't think the"low income" classes in our country have ever been better off than in recent history And compared to the poor in the past few thousands of years of known history... Come on. I just don't get how they can blame anyone else. Our great nation offers anyone limitless personal advancement opportunuties with a free education, class/strata mobility, and a class of "haves" that IMO with a few exceptions respects hard work. I just don't get it |
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Posted: 3/3/2019 9:29:18 PM EST
[#30]
Quote HistoryQuoted:
There is no such thing as "Wealth Inequality". There is however such a thing as work ethic quality. The SJW and the lazy (same thing) want to have the same things and income of those who work their ass of to succeed. Unfortunately the something for nothing class seems to be getting plenty of attention by the MSM. I know people that work in restaurants making minimum wage that work harder than I do at my cushy office job. I know people at my own workplace that work 100x harder than I do on an assembly line for 12 hours a day and get paid half what I do. If the system actually rewarded hard work, those people would be making more than me. The system rewards production and efficiency. Valuing work for work's sake is retarded. If you actually think "hard work" is valuable, you'd be arguing that all those minimum wage earners actually be paid more, in which case you're actually agreeing with them. Isn't arguing against yourself fun? |
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Posted: 3/3/2019 9:29:46 PM EST
[#31]
Quote HistoryQuoted:
That's the entire point, though. Someone like myself that has made many serious sacrifices and has made the right choices is still struggling at a point in life where the previous generation was prospering. Quote HistoryQuoted:
Quoted: Yes, I guess I would have chosen to be kicked out. I voluntarily moved out when I was 17, from a loving, supportive family, to take advantage of what seemed like the best opportunity for me at the time. I don’t deny that your generation has it worse than the baby boomers, but that is “on average”. On an individual level we all have the ability to make choices. It sounds like you have chosen pretty well if you are making $80k. That is well above median. Just guessing your age (<30), your prime income earning years are ahead of you. |
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Posted: 3/3/2019 9:32:07 PM EST
[#32]
Quote HistoryQuoted:
Bullshit. Everyone was not better off in the 80s and 90s. You just read all the millennial click bait woe is me stories and now you think that somehow you've been slighted. I read r/Lostgeneration all the time and laugh my ass off at all the defeatism as everyone tries validate their shitty life choices and blame others. It's a fucking joke. The majority of Americans weren't wealthy just starting out, very few people are. The 80s wasn't some magical time where everyone was living like a rockstar. There is so much more opportunity today with the internet and technology that if you're not killing it, that's on you alone. It will take a lot to breakout of the defeatist attitude that the media and your generation have instilled as a coping mechanism though. Good luck. Now go search for defeatist articles that prove me wong and glorify the 80s. Now a significant portion of young people start out significantly in the negative, and have major life milestones significantly delayed or foregone altogether. |
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Posted: 3/3/2019 9:32:26 PM EST
[#33]
I'm near 40 and thank g-d I've got four kids.
80k would not come close to supporting us. Ask me how I know. |
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Posted: 3/3/2019 9:33:47 PM EST
[#34]
Quote HistoryQuoted: This is a disingenuous argument. It's not about "working hard" I know people that work in restaurants making minimum wage that work harder than I do at my cushy office job. I know people at my own workplace that work 100x harder than I do on an assembly line for 12 hours a day and get paid half what I do. If the system actually rewarded hard work, those people would be making more than me. The system rewards production and efficiency. Valuing work for work's sake is retarded. If you actually think "hard work" is valuable, you'd be arguing that all those minimum wage earners actually be paid more, in which case you're actually agreeing with them. Isn't arguing against yourself fun? |
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Posted: 3/3/2019 9:34:04 PM EST
[#35]
Quote HistoryQuoted:
This is a disingenuous argument. It's not about "working hard" I know people that work in restaurants making minimum wage that work harder than I do at my cushy office job. I know people at my own workplace that work 100x harder than I do on an assembly line for 12 hours a day and get paid half what I do. If the system actually rewarded hard work, those people would be making more than me. The system rewards production and efficiency. Valuing work for work's sake is retarded. If you actually think "hard work" is valuable, you'd be arguing that all those minimum wage earners actually be paid more, in which case you're actually agreeing with them. Isn't arguing against yourself fun? Quote HistoryQuoted:
Quoted:
There is no such thing as "Wealth Inequality". There is however such a thing as work ethic quality. The SJW and the lazy (same thing) want to have the same things and income of those who work their ass of to succeed. Unfortunately the something for nothing class seems to be getting plenty of attention by the MSM. I know people that work in restaurants making minimum wage that work harder than I do at my cushy office job. I know people at my own workplace that work 100x harder than I do on an assembly line for 12 hours a day and get paid half what I do. If the system actually rewarded hard work, those people would be making more than me. The system rewards production and efficiency. Valuing work for work's sake is retarded. If you actually think "hard work" is valuable, you'd be arguing that all those minimum wage earners actually be paid more, in which case you're actually agreeing with them. Isn't arguing against yourself fun? |
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Posted: 3/3/2019 9:36:01 PM EST
[#36]
Quote HistoryQuoted: I learned early on that is a lot easier to get paid for what you know, not what you do. |
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Posted: 3/3/2019 9:37:41 PM EST
[#37]
Because we are living in a plutocracy and the wealthy don’t share your idealistic view of capitalism.
They will gladly use their power and money to influence government to make sure you can’t complete. |
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Posted: 3/3/2019 9:37:55 PM EST
[#38]
Quote HistoryQuoted:
IMO, people are significantly over estimating how "easy" life was on the boomers. It's mostly horsecrap. Life is so much better now across the board it's not even debatable. Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
Good lord. Quoted: You sound pretty young. Go bang your young girlfriend and quit worrying about this shit. It'll all work out, and you'll be glad that you did. Trust me. Quoted: Not sure if serious. I'm not sure I'm following here guys. We both work good full time jobs. We make over 80k a year. Because of student loans, medical bills, and renting, we (and millions of other people our age) are worse off than our parents were at our age. THAT is the point. People that are older make fun of our generation say "well by god I got by just fine on only $35k in 1980" not realizing that it is equivalent to over 110 fucking K in today's money, and that was a SINGLE INCOME. https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=35000&year1=198001&year2=201901 I don’t deny that your generation has it worse than the baby boomers, but that is “on average”. On an individual level we all have the ability to make choices. It sounds like you have chosen pretty well if you are making $80k. That is well above median. In all fairness, the next generation still has time. But...tick tock, tick tock... they are probably screwed (as a whole, not as individuals) http://www.usdebtclock.org |
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Posted: 3/3/2019 9:40:59 PM EST
[#39]
Quoted:
I keep hearing the left talking about wealth inequality, but I am not hearing what problem that causes. Poverty keeps going down despite the apparent increase in this wealth inequality. |
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Posted: 3/3/2019 9:41:03 PM EST
[#40]
Quote HistoryQuoted:
This is a disingenuous argument. It's not about "working hard" I know people that work in restaurants making minimum wage that work harder than I do at my cushy office job. I know people at my own workplace that work 100x harder than I do on an assembly line for 12 hours a day and get paid half what I do. If the system actually rewarded hard work, those people would be making more than me. The system rewards production and efficiency. Valuing work for work's sake is retarded. If you actually think "hard work" is valuable, you'd be arguing that all those minimum wage earners actually be paid more, in which case you're actually agreeing with them. Isn't arguing against yourself fun? Quote HistoryQuoted:
Quoted:
There is no such thing as "Wealth Inequality". There is however such a thing as work ethic quality. The SJW and the lazy (same thing) want to have the same things and income of those who work their ass of to succeed. Unfortunately the something for nothing class seems to be getting plenty of attention by the MSM. I know people that work in restaurants making minimum wage that work harder than I do at my cushy office job. I know people at my own workplace that work 100x harder than I do on an assembly line for 12 hours a day and get paid half what I do. If the system actually rewarded hard work, those people would be making more than me. The system rewards production and efficiency. Valuing work for work's sake is retarded. If you actually think "hard work" is valuable, you'd be arguing that all those minimum wage earners actually be paid more, in which case you're actually agreeing with them. Isn't arguing against yourself fun? The problem seems readily apparent. |
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Posted: 3/3/2019 9:41:27 PM EST
[#41]
Quote HistoryQuoted: I've found making more money is about being a force multiplier more than "hard work" unless you are a business owner. I've done both, as a business owner I almost killed myself and wrecked my family because it consumed me. I prefer what I do these days. I've been off for weeks after getting fired from a toxic work environment (l-rd almighty why I stayed long enough to almost die and ultimately be terminated is one of my great failures as a person) and under doctor's orders I can't work for a few more. But that's America. Hard work. That's what being a man and provider requires. We do what we have to do. It's in our national DNA. And if it isn't in someone, I question if they belong here. But as you said, at a certain point you need to realize Who Is John Galt. It's not just hard work, but yes, being a force multiplier. Otherwise, forget diminishing returns... At a certain point it's counter productive even. |
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Posted: 3/3/2019 9:45:12 PM EST
[#42]
Quote HistoryQuoted:
I want everyone to post their age when they say they have no problem with wealth inequality, along with how old they were when they bought their first home. I'm just making a bet. |
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Posted: 3/3/2019 9:50:58 PM EST
[#43]
Look at it this way.
In this world, there is some guy banging the fuck out of hot women, all over the world. You do not know him, you don’t know which hot chicks he’s banged, but you know it exists. Why does it affect your life whatsoever how many chicks he’s banged, hot or ugly? If affects your life in no way, just like how it doesn’t affect you that Floyd Mayweather is going to be the first billion dollar athlete. |
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Posted: 3/3/2019 9:51:08 PM EST
[#44]
Quote HistoryQuoted:
Most boomers I have spoken to did not begin to accumulate wealth until they reached their 40s. In all fairness, the next generation still has time. But...tick tock, tick tock... they are probably screwed (as a whole, not as individuals) http://www.usdebtclock.org Due to my parent's spending and lack of savings (world travelers, took me and my brother all over), they are broke and approaching 70. I'm taking care of them to a degree financially now. All they have is SS, the car I bought them, and the 600sqft cabin I put a downpayment on. Since they didn't have a plant job or anything there was no pension or anything to fall back on. They did buy me a few computers that lead to my career ($5k for a 286 in late 80's money was not like buying a $200 dell laptop). I went all in on the computers and without a degree started a company that did well in my late 20's before selling it in my late 30's. I learned to save and plan for the income to disappear at any time. I skimped and looked for other ways to make money while growing my business. No vacations, no dinners out, no fast food. It helped that I have a wife that knows poverty and was supportive and can cook. I was making $80k in my early-30's, and it wasn't enough and things were startlingly tight. The 30's were hard, but the work paid off. At this point in my early 40's I don't "have" to work, but with teenagers I'd be setting a bad example and it isn't like I can go to Vegas on a whim. Another 10 years and I can take the foot off the gas and do something fun. Life is a lot of timing, the people you surround yourself with, work ethic, and a good amount of luck if you want to "make it". It isn't fair though. My older brother went to college and got a degree in Marketing. He did everything "right". He sells cars and lives paycheck to paycheck at almost 50 y/o. I dropped out and did better than anyone in my family. |
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Posted: 3/3/2019 9:56:13 PM EST
[#45]
Quote HistoryQuoted:
Look at it this way. In this world, there is some guy banging the fuck out of hot women, all over the world. You do not know him, you don’t know which hot chicks he’s banged, but you know it exists. Why does it affect your life whatsoever how many chicks he’s banged, hot or ugly? If affects your life in no way, just like how it doesn’t affect you that Floyd Mayweather is going to be the first billion dollar athlete. |
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Posted: 3/3/2019 10:00:24 PM EST
[#46]
Quote HistoryQuoted:
That's the entire point, though. Someone like myself that has made many serious sacrifices and has made the right choices is still struggling at a point in life where the previous generation was prospering. Quote HistoryQuoted:
Quoted: Yes, I guess I would have chosen to be kicked out. I voluntarily moved out when I was 17, from a loving, supportive family, to take advantage of what seemed like the best opportunity for me at the time. I don’t deny that your generation has it worse than the baby boomers, but that is “on average”. On an individual level we all have the ability to make choices. It sounds like you have chosen pretty well if you are making $80k. That is well above median. |
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Posted: 3/3/2019 10:03:05 PM EST
[#47]
Quote HistoryQuoted: That's the entire point, though. Someone like myself that has made many serious sacrifices and has made the right choices is still struggling at a point in life where the previous generation was prospering. When my crowd graduated we were offered entry level jobs at minimum wage. We worked that job AND a retail gig for years, until we had enough experience to get paid enough to stop flipping burgers. Nobody was buying their own house until years later. People didn't graduate high school, get hired at some ridiculously high salary, buy mansions, yachts, and Cadillacs. You're looking at silly memes about "boomers" and actually believing them. |
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Posted: 3/3/2019 10:05:59 PM EST
[#48]
Quote HistoryQuoted: So you all can say with 100% honesty that if it was you in that situation, you would have chosen to be kicked out? I'm not sure I'm following here guys. We both work good full time jobs. We make over 80k a year. Because of student loans, medical bills, and renting, we (and millions of other people our age) are worse off than our parents were at our age. THAT is the point. People that are older make fun of our generation say "well by god I got by just fine on only $35k in 1980" not realizing that it is equivalent to over 110 fucking K in today's money, and that was a SINGLE INCOME. https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=35000&year1=198001&year2=201901 Lots of people pay six figures to a "good" school to take the same boards I did. I have no sympathy for them. Even if they are not as well off as Mommy and Daddy were....... |
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Posted: 3/3/2019 10:06:01 PM EST
[#49]
Quote HistoryQuoted: The whole point of the thread is that yes, while it may be enough to live (read:survive with not much entertainment or indulgence) on, its not equivalent to the middle class lifestyle that was afforded to the generation that grew up in the middle of the most prosperous period in US history. Kids are now considered an expensive luxury. THAT is how bad it is for young people. The only people that have kids are rich, or poor. Middle people can't afford them, but also don't get any help from pappa gov. No cell phones. No internet. No relatively cheap coast to coast travel |
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Posted: 3/3/2019 10:07:17 PM EST
[#50]
Quote HistoryQuoted:
Look at it this way. In this world, there is some guy banging the fuck out of hot women, all over the world. You do not know him, you don’t know which hot chicks he’s banged, but you know it exists. Why does it affect your life whatsoever how many chicks he’s banged, hot or ugly? If affects your life in no way, just like how it doesn’t affect you that Floyd Mayweather is going to be the first billion dollar athlete.
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