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Posted: 2/5/2022 6:33:01 PM EDT
[#1]
Quote HistoryQuoted: Building those houses is disincentivized even though there is demand for them. Quote HistoryQuoted: Quoted: they conveniently leave out that most of the boomer houses built in the 60s and 70s were about 800-1500 sq ft boxes with 1 bathroom and no basement or garage. they were on average way less than half as expensive because they were way less than half the average house built today. I sold my 4600 sq ft 3 story brick with 4 bathrooms and 3 car garage in town last year and moved into a 1200 sq ft house. it's a bit cramped but not bad. we would all still be paying 1/4 what we do for healthcare if millennials hadn't been so gullible as to believe obama was really going to give them all that free shit employee/employer loyalty was a two edged sword. yes, boomers got a lifetime job and pension and didn't have to worry about unemployment, but as a gen x, moving from one employer to another caused my salary to go up much, much, much faster than it would have had i stayed in one company. so actually, moving jobs imho is better for the individual and the employer and the overall economy. it's more efficient. it does however, require the employee to keep training so their skills are still marketable after they're 50. Building those houses is disincentivized even though there is demand for them. 
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Posted: 2/5/2022 6:36:27 PM EDT
[#2]
Quote HistoryQuoted: Keeping up with the jones has always been a thing. And it has always been a bad thing, I mean, whether your religious or not - it's literally in the bible. "Do not covet your friend's home. Do not covet your friend's wife, his slave, his maid, his ox, his donkey, and all that your friend has." Before subscriptions, it was cable TV. Or long distance phone calls. Or 70's motel porn. Whatever it was back then, I wasn't born yet. Being responsible is, always, part of life. Those who aren't responsible, will fail - in ANY generation, past, present, or future. Again, my point isn't that society shouldn't be responsible for their own expenditures. Just that our government, is ruining our ability to be responsible, with our expenditures, by making our money worthless. Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: Quoted: Stop spending all your money to impress people on social media you dumb fuck millennials!!!! I honestly think this is the biggest cause of their problem. That and being subscriptioned to death. Hear me out…we all know the keeping up with the jones Is a thing for many many people, for a long time. Now with social media they’re trying to keep up with 100s of other people of vastly different careers to show off “look how great my life is!” Their entire sense of self worth is based on feedback from who can post the most expensive vacation, fine dining, cars and house pictures. And they’re competing with hundreds of “friends” Oh, and not being able to cook at home eating out for every meal…that will kill your money. First we had iphones and starbucks as the blame. Next up was spotify and streaming services... Now we have millennials can't cook. All stops out of the big boomer book of problems! Those are all unnecessary expenses. I don’t waste my money on any of that cash draining shit save for a smart phone. And I understand being subscriptioned to death…that 10/20 dollars a month adds up across all the subscriptions. $2 a month for a subscription to shit post on an internet forum also, is by definition, an unnecessary expense. For most people, spending $1000 a month on ammo to shoot, is also very unnecessary. But on arf, if you don't do that - "it's your funeral." If you don't have 10,000 rounds loaded up in pmags, are you even prepped bro? My point is, everyone lives life differently. What is, the coined "American dream" differs from person to person. Differs from income level to income level. What I want out of life is absolutely absurd compared to others. Some people are happy with their 2 acres and 2000sqft house as their retirement home. Chances are, I'll never stop working, and at my income level, I think I'd be okay with about 4000 acres of property. That being said, the widely accepted definition of "The American Dream" is this: The American dream is the belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society in which upward mobility is possible for everyone. Notice: Their own version of success. Right now, the problem is - there is very little upward mobility. Really, the future looks bleak - most, will be facing being pushed down economically. Statistically - its already happening. I guess my main point is it’s really really easy now to waste money and be nickel and dimed to death these days. Just grab an Uber! Before you know it your cashflow is gone. All gone! Eaten up with nothing to show for it. I think my keeping up with jones with what is now 100 jones instead of just 2 neighbors holds a lot of merit. Keeping up with the jones has always been a thing. And it has always been a bad thing, I mean, whether your religious or not - it's literally in the bible. "Do not covet your friend's home. Do not covet your friend's wife, his slave, his maid, his ox, his donkey, and all that your friend has." Before subscriptions, it was cable TV. Or long distance phone calls. Or 70's motel porn. Whatever it was back then, I wasn't born yet. Being responsible is, always, part of life. Those who aren't responsible, will fail - in ANY generation, past, present, or future. Again, my point isn't that society shouldn't be responsible for their own expenditures. Just that our government, is ruining our ability to be responsible, with our expenditures, by making our money worthless. Ok. There has never been a better time to increase wealth than the last 10 years. I believe in thou shalt not covet btw. If one complains about free money, rising wages, low interest, inflationary environment with a labor shortage and hasn’t been taking advantage…well that’s your problem. Not mine. |
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Posted: 2/5/2022 6:37:57 PM EDT
[#3]
Quote HistoryQuoted: quit voting Dem. I don't know about that... I said it in another thread, I've made more money than ever and gotten huge raises under the Biden administration. Even accounting for inflation, I've gotten huge increases. Inflation could be 30% and I would still have gotten bigger pay increases than ever before in my life. Maybe we should be voting for Dems? T$ gave me a few grand in stimmy. It was nice. The Dems got me 10s of thousands in salary increases plus more in bonuses. |
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Posted: 2/5/2022 6:38:27 PM EDT
[#4]
Quote HistoryQuoted: Oh yeah I keep forgetting we spend all that Medicare money on young people and not boomers. Actually plenty of it goes to younger people . |
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Posted: 2/5/2022 6:42:55 PM EDT
[#5]
Quote HistoryQuoted: Ok. There has never been a better time to increase wealth than the last 10 years. I believe in thou shalt not covet btw. If one complains about free money, rising wages, low interest, inflationary environment with a labor shortage and hasn’t been taking advantage…well that’s your problem. Not mine. Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: Stop spending all your money to impress people on social media you dumb fuck millennials!!!! I honestly think this is the biggest cause of their problem. That and being subscriptioned to death. Hear me out…we all know the keeping up with the jones Is a thing for many many people, for a long time. Now with social media they’re trying to keep up with 100s of other people of vastly different careers to show off “look how great my life is!” Their entire sense of self worth is based on feedback from who can post the most expensive vacation, fine dining, cars and house pictures. And they’re competing with hundreds of “friends” Oh, and not being able to cook at home eating out for every meal…that will kill your money. First we had iphones and starbucks as the blame. Next up was spotify and streaming services... Now we have millennials can't cook. All stops out of the big boomer book of problems! Those are all unnecessary expenses. I don’t waste my money on any of that cash draining shit save for a smart phone. And I understand being subscriptioned to death…that 10/20 dollars a month adds up across all the subscriptions. $2 a month for a subscription to shit post on an internet forum also, is by definition, an unnecessary expense. For most people, spending $1000 a month on ammo to shoot, is also very unnecessary. But on arf, if you don't do that - "it's your funeral." If you don't have 10,000 rounds loaded up in pmags, are you even prepped bro? My point is, everyone lives life differently. What is, the coined "American dream" differs from person to person. Differs from income level to income level. What I want out of life is absolutely absurd compared to others. Some people are happy with their 2 acres and 2000sqft house as their retirement home. Chances are, I'll never stop working, and at my income level, I think I'd be okay with about 4000 acres of property. That being said, the widely accepted definition of "The American Dream" is this: The American dream is the belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society in which upward mobility is possible for everyone. Notice: Their own version of success. Right now, the problem is - there is very little upward mobility. Really, the future looks bleak - most, will be facing being pushed down economically. Statistically - its already happening. I guess my main point is it’s really really easy now to waste money and be nickel and dimed to death these days. Just grab an Uber! Before you know it your cashflow is gone. All gone! Eaten up with nothing to show for it. I think my keeping up with jones with what is now 100 jones instead of just 2 neighbors holds a lot of merit. Keeping up with the jones has always been a thing. And it has always been a bad thing, I mean, whether your religious or not - it's literally in the bible. "Do not covet your friend's home. Do not covet your friend's wife, his slave, his maid, his ox, his donkey, and all that your friend has." Before subscriptions, it was cable TV. Or long distance phone calls. Or 70's motel porn. Whatever it was back then, I wasn't born yet. Being responsible is, always, part of life. Those who aren't responsible, will fail - in ANY generation, past, present, or future. Again, my point isn't that society shouldn't be responsible for their own expenditures. Just that our government, is ruining our ability to be responsible, with our expenditures, by making our money worthless. Ok. There has never been a better time to increase wealth than the last 10 years. I believe in thou shalt not covet btw. If one complains about free money, rising wages, low interest, inflationary environment with a labor shortage and hasn’t been taking advantage…well that’s your problem. Not mine. Sure, the last 10 years if you had money. If you didn’t have money, it’s an awful time to try to increase wealth. |
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Posted: 2/5/2022 6:43:56 PM EDT
[#6]
I can't complain too much about what I have, but it's crazy how expensive things are getting and how little movement is seen in the wages/salaries of most attainable careers. "Work harder" doesn't mean shit in 2022. It's about who you know, and what you can do. Some career paths pay well, others are dead ends. Unfortunately there's a lot more dead ends than not these days. My Grandfather made a living selling appliances at Sears. That job would barely pay for a small apartment now, let alone a family of 3 kids and a stay at home mom.
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Posted: 2/5/2022 6:51:00 PM EDT
[#7]
Quote HistoryQuoted: Actually plenty of it goes to younger people . About 14%. Basically off of that to those SSDI considers completely disabled. |
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Posted: 2/5/2022 6:52:01 PM EDT
[#8]
Quote HistoryQuoted: Sure, the last 10 years if you had money. If you didn't have money, it's an awful time to try to increase wealth.   |
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Posted: 2/5/2022 6:55:50 PM EDT
[#9]
OP should correct his thread title to,"some millenials." Many of the millenials that buy into the idea that they'll never have enough money probably won't. Others can do well. Is it more difficult? Yes, but it's possible to do well financially.
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Posted: 2/5/2022 7:06:55 PM EDT
[#10]
Quote HistoryQuoted: Sure, the last 10 years if you had money. If you didn’t have money, it’s an awful time to try to increase wealth. Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: Stop spending all your money to impress people on social media you dumb fuck millennials!!!! I honestly think this is the biggest cause of their problem. That and being subscriptioned to death. Hear me out…we all know the keeping up with the jones Is a thing for many many people, for a long time. Now with social media they’re trying to keep up with 100s of other people of vastly different careers to show off “look how great my life is!” Their entire sense of self worth is based on feedback from who can post the most expensive vacation, fine dining, cars and house pictures. And they’re competing with hundreds of “friends” Oh, and not being able to cook at home eating out for every meal…that will kill your money. First we had iphones and starbucks as the blame. Next up was spotify and streaming services... Now we have millennials can't cook. All stops out of the big boomer book of problems! Those are all unnecessary expenses. I don’t waste my money on any of that cash draining shit save for a smart phone. And I understand being subscriptioned to death…that 10/20 dollars a month adds up across all the subscriptions. $2 a month for a subscription to shit post on an internet forum also, is by definition, an unnecessary expense. For most people, spending $1000 a month on ammo to shoot, is also very unnecessary. But on arf, if you don't do that - "it's your funeral." If you don't have 10,000 rounds loaded up in pmags, are you even prepped bro? My point is, everyone lives life differently. What is, the coined "American dream" differs from person to person. Differs from income level to income level. What I want out of life is absolutely absurd compared to others. Some people are happy with their 2 acres and 2000sqft house as their retirement home. Chances are, I'll never stop working, and at my income level, I think I'd be okay with about 4000 acres of property. That being said, the widely accepted definition of "The American Dream" is this: The American dream is the belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society in which upward mobility is possible for everyone. Notice: Their own version of success. Right now, the problem is - there is very little upward mobility. Really, the future looks bleak - most, will be facing being pushed down economically. Statistically - its already happening. I guess my main point is it’s really really easy now to waste money and be nickel and dimed to death these days. Just grab an Uber! Before you know it your cashflow is gone. All gone! Eaten up with nothing to show for it. I think my keeping up with jones with what is now 100 jones instead of just 2 neighbors holds a lot of merit. Keeping up with the jones has always been a thing. And it has always been a bad thing, I mean, whether your religious or not - it's literally in the bible. "Do not covet your friend's home. Do not covet your friend's wife, his slave, his maid, his ox, his donkey, and all that your friend has." Before subscriptions, it was cable TV. Or long distance phone calls. Or 70's motel porn. Whatever it was back then, I wasn't born yet. Being responsible is, always, part of life. Those who aren't responsible, will fail - in ANY generation, past, present, or future. Again, my point isn't that society shouldn't be responsible for their own expenditures. Just that our government, is ruining our ability to be responsible, with our expenditures, by making our money worthless. Ok. There has never been a better time to increase wealth than the last 10 years. I believe in thou shalt not covet btw. If one complains about free money, rising wages, low interest, inflationary environment with a labor shortage and hasn’t been taking advantage…well that’s your problem. Not mine. Sure, the last 10 years if you had money. If you didn’t have money, it’s an awful time to try to increase wealth. Bullshit!!!! For the reasons I outlined. Get it while the gettins good. |
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Posted: 2/5/2022 7:09:35 PM EDT
[#11]
Quote HistoryQuoted: Bullshit!!!! For the reasons I outlined. Get it while the gettins good. Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: Stop spending all your money to impress people on social media you dumb fuck millennials!!!! I honestly think this is the biggest cause of their problem. That and being subscriptioned to death. Hear me out…we all know the keeping up with the jones Is a thing for many many people, for a long time. Now with social media they’re trying to keep up with 100s of other people of vastly different careers to show off “look how great my life is!” Their entire sense of self worth is based on feedback from who can post the most expensive vacation, fine dining, cars and house pictures. And they’re competing with hundreds of “friends” Oh, and not being able to cook at home eating out for every meal…that will kill your money. First we had iphones and starbucks as the blame. Next up was spotify and streaming services... Now we have millennials can't cook. All stops out of the big boomer book of problems! Those are all unnecessary expenses. I don’t waste my money on any of that cash draining shit save for a smart phone. And I understand being subscriptioned to death…that 10/20 dollars a month adds up across all the subscriptions. $2 a month for a subscription to shit post on an internet forum also, is by definition, an unnecessary expense. For most people, spending $1000 a month on ammo to shoot, is also very unnecessary. But on arf, if you don't do that - "it's your funeral." If you don't have 10,000 rounds loaded up in pmags, are you even prepped bro? My point is, everyone lives life differently. What is, the coined "American dream" differs from person to person. Differs from income level to income level. What I want out of life is absolutely absurd compared to others. Some people are happy with their 2 acres and 2000sqft house as their retirement home. Chances are, I'll never stop working, and at my income level, I think I'd be okay with about 4000 acres of property. That being said, the widely accepted definition of "The American Dream" is this: The American dream is the belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society in which upward mobility is possible for everyone. Notice: Their own version of success. Right now, the problem is - there is very little upward mobility. Really, the future looks bleak - most, will be facing being pushed down economically. Statistically - its already happening. I guess my main point is it’s really really easy now to waste money and be nickel and dimed to death these days. Just grab an Uber! Before you know it your cashflow is gone. All gone! Eaten up with nothing to show for it. I think my keeping up with jones with what is now 100 jones instead of just 2 neighbors holds a lot of merit. Keeping up with the jones has always been a thing. And it has always been a bad thing, I mean, whether your religious or not - it's literally in the bible. "Do not covet your friend's home. Do not covet your friend's wife, his slave, his maid, his ox, his donkey, and all that your friend has." Before subscriptions, it was cable TV. Or long distance phone calls. Or 70's motel porn. Whatever it was back then, I wasn't born yet. Being responsible is, always, part of life. Those who aren't responsible, will fail - in ANY generation, past, present, or future. Again, my point isn't that society shouldn't be responsible for their own expenditures. Just that our government, is ruining our ability to be responsible, with our expenditures, by making our money worthless. Ok. There has never been a better time to increase wealth than the last 10 years. I believe in thou shalt not covet btw. If one complains about free money, rising wages, low interest, inflationary environment with a labor shortage and hasn’t been taking advantage…well that’s your problem. Not mine. Sure, the last 10 years if you had money. If you didn’t have money, it’s an awful time to try to increase wealth. Bullshit!!!! For the reasons I outlined. Get it while the gettins good. At 36, I’m worth more than most people on arfcom. I know I’m not the most wealthy. But certainly part of the 8 digit crowd. I’m just stating: it’s a bad time to try to gather wealth. It’s a great time, to use debt wisely. |
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Posted: 2/5/2022 7:10:12 PM EDT
[#12]
Boomer here.
I adjust my "wants" to the money I have available, rather than setting my "wants" first and then expecting the world to provide me with enough to get them. 
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Posted: 2/5/2022 7:15:03 PM EDT
[#13]
People make bad financial decisions regards what year they were born.
My wife and I are both millennials, i'm at the older end (36) and she's at the younger end (26). We both share the same financial values. We save most of our income and live small. We've been looking for houses and it's tough to find something modern that is under 1500 sqft. Don't want a huge place to maintain, but it's true, builders don't build the stuff we want. |
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Posted: 2/5/2022 7:17:57 PM EDT
[#14]
Quote HistoryQuoted: Meanwhile, a bunch of boomers want to cap my pay…clearing poor decisions and planning.. And continue to pay their social security with your capped wages. |
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Posted: 2/5/2022 7:25:32 PM EDT
[#15]
Quote HistoryQuoted: At 36, I’m worth more than most people on arfcom. I know I’m not the most wealthy. But certainly part of the 8 digit crowd. I’m just stating: it’s a bad time to try to gather wealth. It’s a great time, to use debt wisely. A decamillionaire at 36? Self made? |
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Posted: 2/5/2022 7:31:03 PM EDT
[#16]
Quote HistoryQuoted: Meanwhile, a bunch of boomers want to cap my pay…clearing poor decisions and planning.. Quote HistoryQuoted: Quoted: ^^^ Victims of their own decisions and planning. Meanwhile, a bunch of boomers want to cap my pay…clearing poor decisions and planning.. 
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Posted: 2/5/2022 7:31:10 PM EDT
[#17]
Quote HistoryQuoted: Yep. The best part in GD is when you talk about it they tell you you're a fucking communist and "muh murica bootstraps" but don't seem to understand that's the type of shit that led to the last several fairly significant revolutions in the past. https://files.epi.org/charts/img/184223-24063.png https://awealthofcommonsense.com/wp-content/uploads/2020/07/Annotation-2020-07-19-221454.jpg Quote HistoryQuoted: Quoted: Sure, the last 10 years if you had money. If you didn't have money, it's an awful time to try to increase wealth. https://files.epi.org/charts/img/184223-24063.png https://awealthofcommonsense.com/wp-content/uploads/2020/07/Annotation-2020-07-19-221454.jpg Lol!!!!!! That’s because millennials spent all their money with nothing to show for it. |
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Posted: 2/5/2022 7:34:47 PM EDT
[#18]
Quote HistoryQuoted: Inflation moving the goalposts isn't new. Jimmy Carter's malaise upon the White House era gave us simultaneous high inflation, high interest rates, high unemployment, and an energy shortage crisis. Nobody felt financially comfortable. We were screwed. I lost my good union factory job, my wife left me, had to sell the house I built in a seriously down market, I was flat broke and NOBODY was hiring in the rural area where I lived. The answer is never to whine about the deck being stacked. The answer was to work hard to advance in the conditions that existed. No matter how bad the underlying conditions there is a way to improve your own lot. No fun but doable until conditions improve. I agree we are currently screwed and don't know when that will end given the lunatics in charge. But it will end in unicorns and (non-gay) rainbows - eventually. Quote HistoryQuoted: Quoted: 1. Blanket statements about an entire generation are ignorant, at best. 2. The goal post keeps moving, faster and faster, for financial success. This isn't hidden. Just a quick search on the terrible arfcom search engine pulls up 4 active threads in the last week, in GD about rapid inflation. Why would Millennials feel comfortable with financials right now? Why would anyone, actually feel comfortable with financials right now? It doesn't matter if it's a $1000 iPhone, $8 coffee, and $200 shoes. In 10 years how much have things gone up in price? Financially speaking, if you think you're comfortable, you're probably not. Even if you're in the 7 figure range. Economic policy in the US right now is depressing at best. I agree we are currently screwed and don't know when that will end given the lunatics in charge. But it will end in unicorns and (non-gay) rainbows - eventually. Carter did one thing right.  Attached File |
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Posted: 2/5/2022 7:34:50 PM EDT
[#19]
Quote HistoryQuoted: Lol!!!!!! That’s because millennials spent all their money with nothing to show for it. Do you have a source for that or is that your personal feelings on the matter? |
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Posted: 2/5/2022 7:36:39 PM EDT
[#20]
Quote HistoryQuoted: Ok boomer. As a GenXer, he is right and it don't matter if he is a boomer. Those fuckers are brain damaged! |
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Posted: 2/5/2022 7:36:52 PM EDT
[#21]
Quote HistoryQuoted: We're only 2 steps away from millennials can't drive a manual. Quote HistoryQuoted: Quoted: First we had iphones and starbucks as the blame. Next up was spotify and streaming services... Now we have millennials can't cook. All stops out of the big boomer book of problems! We're only 2 steps away from millennials can't drive a manual.  Oh Lordy help me boomesus! What do I do? Two gear selectors? Oh the poor Millennial! What am I to ever entitled to do?  Ope, got it. Cancel the protests. That’s what this millennial did at 630pm. Feed cows when it’s 9 degrees out. In about a foot of snow. |
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Posted: 2/5/2022 7:36:59 PM EDT
[#22]
Quote HistoryQuoted: At 36, I’m worth more than most people on arfcom. I know I’m not the most wealthy. But certainly part of the 8 digit crowd. I’m just stating: it’s a bad time to try to gather wealth. It’s a great time, to use debt wisely. Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: Stop spending all your money to impress people on social media you dumb fuck millennials!!!! I honestly think this is the biggest cause of their problem. That and being subscriptioned to death. Hear me out…we all know the keeping up with the jones Is a thing for many many people, for a long time. Now with social media they’re trying to keep up with 100s of other people of vastly different careers to show off “look how great my life is!” Their entire sense of self worth is based on feedback from who can post the most expensive vacation, fine dining, cars and house pictures. And they’re competing with hundreds of “friends” Oh, and not being able to cook at home eating out for every meal…that will kill your money. First we had iphones and starbucks as the blame. Next up was spotify and streaming services... Now we have millennials can't cook. All stops out of the big boomer book of problems! Those are all unnecessary expenses. I don’t waste my money on any of that cash draining shit save for a smart phone. And I understand being subscriptioned to death…that 10/20 dollars a month adds up across all the subscriptions. $2 a month for a subscription to shit post on an internet forum also, is by definition, an unnecessary expense. For most people, spending $1000 a month on ammo to shoot, is also very unnecessary. But on arf, if you don't do that - "it's your funeral." If you don't have 10,000 rounds loaded up in pmags, are you even prepped bro? My point is, everyone lives life differently. What is, the coined "American dream" differs from person to person. Differs from income level to income level. What I want out of life is absolutely absurd compared to others. Some people are happy with their 2 acres and 2000sqft house as their retirement home. Chances are, I'll never stop working, and at my income level, I think I'd be okay with about 4000 acres of property. That being said, the widely accepted definition of "The American Dream" is this: The American dream is the belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society in which upward mobility is possible for everyone. Notice: Their own version of success. Right now, the problem is - there is very little upward mobility. Really, the future looks bleak - most, will be facing being pushed down economically. Statistically - its already happening. I guess my main point is it’s really really easy now to waste money and be nickel and dimed to death these days. Just grab an Uber! Before you know it your cashflow is gone. All gone! Eaten up with nothing to show for it. I think my keeping up with jones with what is now 100 jones instead of just 2 neighbors holds a lot of merit. Keeping up with the jones has always been a thing. And it has always been a bad thing, I mean, whether your religious or not - it's literally in the bible. "Do not covet your friend's home. Do not covet your friend's wife, his slave, his maid, his ox, his donkey, and all that your friend has." Before subscriptions, it was cable TV. Or long distance phone calls. Or 70's motel porn. Whatever it was back then, I wasn't born yet. Being responsible is, always, part of life. Those who aren't responsible, will fail - in ANY generation, past, present, or future. Again, my point isn't that society shouldn't be responsible for their own expenditures. Just that our government, is ruining our ability to be responsible, with our expenditures, by making our money worthless. Ok. There has never been a better time to increase wealth than the last 10 years. I believe in thou shalt not covet btw. If one complains about free money, rising wages, low interest, inflationary environment with a labor shortage and hasn’t been taking advantage…well that’s your problem. Not mine. Sure, the last 10 years if you had money. If you didn’t have money, it’s an awful time to try to increase wealth. Bullshit!!!! For the reasons I outlined. Get it while the gettins good. At 36, I’m worth more than most people on arfcom. I know I’m not the most wealthy. But certainly part of the 8 digit crowd. I’m just stating: it’s a bad time to try to gather wealth. It’s a great time, to use debt wisely. Sweet! At least you “get it” then. What I have a problem with is “I can’t get ahead, it’s somebody else’s fault” mentality. Where are we Ubering for dinner tonight? |
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Posted: 2/5/2022 7:37:05 PM EDT
[#23]
Quote HistoryQuoted: My first house at 22 yrs old was $40k. With some work, all done by me, I sold it 7 years later for $95k. Rolled that money into my first home that I built for $280k and sold 7 years later for $400k. I then kept rolling it to the next. If I didn’t know how to do it, I figured it out. I do not care where you live, you can start somewhere with housing and make money. Seeing people whine saying “I can’t afford housing to start”, just can’t afford where they want to live. It’s call sacrificing today for enjoyment tomorrow. Suck it up buttercup. Damn This is perfectly true. Out first house was a shit hole. |
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Posted: 2/5/2022 7:39:03 PM EDT
[#24]
Plenty of millennials are working in jobs and fields that once would have afforded to ability to buy a home but these days don't even bring you close. I've worked hard and done well for myself but things are definitely out of wack.
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Posted: 2/5/2022 7:39:13 PM EDT
[#25]
Quote HistoryQuoted: At 36, I’m worth more than most people on arfcom. I know I’m not the most wealthy. But certainly part of the 8 digit crowd. I’m just stating: it’s a bad time to try to gather wealth. It’s a great time, to use debt wisely. I'm now tempted to go back in the thread to see if anyone gave you the ole "pull up your boostraps!" speech.  |
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Posted: 2/5/2022 7:43:00 PM EDT
[#26]
Quote HistoryQuoted: https://www.ar15.com/media/mediaFiles/148484/8D250014-3B26-466A-993D-9CB4DCFDF91A-2268226.jpg Oh Lordy help me boomesus! What do I do? Two gear selectors? Oh the poor Millennial! What am I to ever entitled to do? https://www.ar15.com/media/mediaFiles/148484/C19EA370-F3BF-4E21-B80A-436F933BA344-2268268.jpg Ope, got it. Cancel the protests. That’s what this millennial did at 630pm. Feed cows when it’s 9 degrees out. In about a foot of snow. Quote HistoryQuoted: Quoted: Quoted: First we had iphones and starbucks as the blame. Next up was spotify and streaming services... Now we have millennials can't cook. All stops out of the big boomer book of problems! We're only 2 steps away from millennials can't drive a manual. https://www.ar15.com/media/mediaFiles/148484/8D250014-3B26-466A-993D-9CB4DCFDF91A-2268226.jpg Oh Lordy help me boomesus! What do I do? Two gear selectors? Oh the poor Millennial! What am I to ever entitled to do? https://www.ar15.com/media/mediaFiles/148484/C19EA370-F3BF-4E21-B80A-436F933BA344-2268268.jpg Ope, got it. Cancel the protests. That’s what this millennial did at 630pm. Feed cows when it’s 9 degrees out. In about a foot of snow.  Attached File |
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Posted: 2/5/2022 7:46:45 PM EDT
[#27]
Quote HistoryQuoted: Lol!!!!!! That's because millennials spent all their money with nothing to show for it. Quote HistoryQuoted: Quoted: Quoted: Sure, the last 10 years if you had money. If you didn't have money, it's an awful time to try to increase wealth. https://files.epi.org/charts/img/184223-24063.png https://awealthofcommonsense.com/wp-content/uploads/2020/07/Annotation-2020-07-19-221454.jpg Lol!!!!!! That's because millennials spent all their money with nothing to show for it. |
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Posted: 2/5/2022 7:53:52 PM EDT
[#28]
Quote HistoryQuoted: Plenty of millennials are working in jobs and fields that once would have afforded to ability to buy a home but these days don't even bring you close. I've worked hard and done well for myself but things are definitely out of wack. I have a lot of friends that went to college for the office job. Fields that paid well not that long ago. They are making 55-65k. The guys that went into the trades are killing it. There was a distinct push for the office jobs….. law, ext. boomers told their kids that’s where the money was because that’s where they made theirs. Things change. |
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Posted: 2/5/2022 7:56:22 PM EDT
[#29]
The only people my age that I know making a living are in software.
And even the highest paid software people I know still make less than my dad did as unskilled labor the summer before he went to college. Economy sucks and it won't stop sucking until there are major changes in how this country works. You can still live, it'll just slowly get worse and the window of economic viability of most things will continue to slowly close. |
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Posted: 2/5/2022 8:01:05 PM EDT
[#30]
 Tucker Carlson | The Ben Shapiro Show Sunday Special Ep. 26 IMHO, very worth a watch. The debate we're having here has some overlap with this. A discussion between Ben (the "old" right) and Tucker, who is a good representative for the new working class members of center and right leaning (non lefty woke) politics. If you want an abridged version, start a little before 19min |
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Posted: 2/5/2022 8:05:22 PM EDT
[#31]
Quote HistoryQuoted: We grew up watching the boomer yuppies thinking that was normal and we'd get ours too when I'm actuality they were an anomaly. No shit. Anyone here want to calculate the difference in salary after inflation? Say…. A 60K salary back in the 70’s vs the $40K-80K that same position pays now? Because there isn’t even a guarantee that the pay is higher than when that dude was hired back then, it may now be even lower, I’ve heard a few tales of that firsthand. Oh, and those assholes may require a college degree of some sort before even reading the rest of your resume, there’s a lot of companies like that. Several Local LE departments need more guys badly, but they won’t even look twice at anyone that doesn’t have a bachelor’s, or a few years of criminal justice classes, or prior experience. And the change in housing cost? Rent around here is a couple hundred bucks less a month than a mortgage. And the increase in the cost of a car? And the other myriad of other expenses that have gone up, from food, to insurance, to bills? Along with lesser quality, in some cases. How about the increase in the cost of college tuition, lol. Back in the 60’s and 70’s, a 30K to 50K salary afforded enough to buy a nice house and support a man’s family, while his wife took care of the kids. Try doing that today on a 40K salary, then tell me I’m just throwing money away. Inflation and increases to cost of living have gone up far, far more than wages over the past fifty years, and I’m kinda sick of old timers crowing “you fuckin’ snowflakes did it to yourselves!” |
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Posted: 2/5/2022 8:05:25 PM EDT
[#32]
Quote HistoryQuoted: I have a lot of friends that went to college for the office job. Fields that paid well not that long ago. They are making 55-65k. The guys that went into the trades are killing it. There was a distinct push for the office jobs….. law, ext. boomers told their kids that’s where the money was because that’s where they made theirs. Things change. Quote HistoryQuoted: I have a lot of friends that went to college for the office job. Fields that paid well not that long ago. They are making 55-65k. The guys that went into the trades are killing it. There was a distinct push for the office jobs….. law, ext. boomers told their kids that’s where the money was because that’s where they made theirs. Things change. I went to a pretty "nice" catholic grade school and high school. Lots of very well off families. It is pretty depressing to see where everyone is at thus far. A couple doing really well, but they're working at established family businesses that were around when we were in school. The odd doctor or lawyer that is certainly doing pretty well. But there are an awful that haven't amounted to much. Life must be a trip for the kid who had a checking account as a sophomore and could pull out $20k on a whim for a new car stereo only to find himself still living at home all these years later. Quoted: The only people my age that I know making a living are in software. And even the highest paid software people I know still make less than my dad did as unskilled labor the summer before he went to college. Economy sucks and it won't stop sucking until there are major changes in how this country works. You can still live, it'll just slowly get worse and the window of economic viability of most things will continue to slowly close. When you distinctly remember a lunch conversation from high school where you and your buddies weren't too impressed with some software wages to only continue seeing the same numbers thrown around while you now work your software job in 2022. |
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Posted: 2/5/2022 8:07:59 PM EDT
[#33]
Quote HistoryQuoted: Do you have a source for that or is that your personal feelings on the matter? Quote HistoryQuoted: Quoted: Lol!!!!!! That’s because millennials spent all their money with nothing to show for it. Do you have a source for that or is that your personal feelings on the matter? I’m thinking back to how much money I wasted in my 20s/30s while having a pretty darn good income. Gets back to my point about budget/expenses. It’s very very very easy to waste your income on useless shit these days. |
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Posted: 2/5/2022 8:09:13 PM EDT
[#34]
Quote HistoryQuoted: I have a lot of friends that went to college for the office job. Fields that paid well not that long ago. They are making 55-65k. The guys that went into the trades are killing it. There was a distinct push for the office jobs.. law, ext. boomers told their kids that's where the money was because that's where they made theirs. Things change. |
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Posted: 2/5/2022 8:16:01 PM EDT
[#35]
Quote HistoryQuoted: 2. The goal post keeps moving, faster and faster, for financial success. This isn’t hidden. Just a quick search on the terrible arfcom search engine pulls up 4 active threads in the last week, in GD about rapid inflation. When Reagan took over inflation was way higher than it is now. IRA's had just been enacted and I remember getting a 20% interest rate on my 5 year Certificate of Deposit for my IRA. I figured at some point the inflation would go down. It did and I was out of work for over a year due to the steps taken that ravaged the economy. 3 years later the bank was begging me to trade that CD in for a lower rated CD. Told them to fuck right off. Everyone goes through tough times at various points in their lives. Suck it up. |
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Posted: 2/5/2022 8:17:50 PM EDT
[#36]
Quote HistoryQuoted: When Reagan took over inflation was way higher than it is now. IRA's had just been enacted and I remember getting a 20% interest rate on my 5 year Certificate of Deposit for my IRA. I figured at some point the inflation would go down. It did and I was out of work for over a year due to the steps taken that ravaged the economy. 3 years later the bank was begging me to trade that CD in for a lower rated CD. Told them to fuck right off. Everyone goes through tough times at various points in their lives. Suck it up. Quote HistoryQuoted: Quoted: 2. The goal post keeps moving, faster and faster, for financial success. This isn’t hidden. Just a quick search on the terrible arfcom search engine pulls up 4 active threads in the last week, in GD about rapid inflation. When Reagan took over inflation was way higher than it is now. IRA's had just been enacted and I remember getting a 20% interest rate on my 5 year Certificate of Deposit for my IRA. I figured at some point the inflation would go down. It did and I was out of work for over a year due to the steps taken that ravaged the economy. 3 years later the bank was begging me to trade that CD in for a lower rated CD. Told them to fuck right off. Everyone goes through tough times at various points in their lives. Suck it up. Inflation has yet to catch up to monetary supply and policy. We’re just seeing the start of it. I’m really surprised at the number of economically illiterate people there are on arfcom. Does everyone think you can print 20 trillion in 10 years and everything will be fine? |
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Posted: 2/5/2022 8:29:11 PM EDT
[#37]
Quote HistoryQuoted: No shit. Anyone here want to calculate the difference in salary after inflation? Say…. A 60K salary back in the 70’s vs the $40K-80K that same position pays now? Because there isn’t even a guarantee that the pay is higher than when that dude was hired back then, it may now be even lower, I’ve heard a few tales of that firsthand. Oh, and those assholes may require a college degree of some sort before even reading the rest of your resume, there’s a lot of companies like that. Several Local LE departments need more guys badly, but they won’t even look twice at anyone that doesn’t have a bachelor’s, or a few years of criminal justice classes, or prior experience. And the change in housing cost? Rent around here is a couple hundred bucks less a month than a mortgage. And the increase in the cost of a car? And the other myriad of other expenses that have gone up, from food, to insurance, to bills? Along with lesser quality, in some cases. How about the increase in the cost of college tuition, lol. Back in the 60’s and 70’s, a 30K to 50K salary afforded enough to buy a nice house and support a man’s family, while his wife took care of the kids. Try doing that today on a 40K salary, then tell me I’m just throwing money away. Inflation and increases to cost of living have gone up far, far more than wages over the past fifty years, and I’m kinda sick of old timers crowing “you fuckin’ snowflakes did it to yourselves!” Quote HistoryQuoted: Quoted: We grew up watching the boomer yuppies thinking that was normal and we'd get ours too when I'm actuality they were an anomaly. No shit. Anyone here want to calculate the difference in salary after inflation? Say…. A 60K salary back in the 70’s vs the $40K-80K that same position pays now? Because there isn’t even a guarantee that the pay is higher than when that dude was hired back then, it may now be even lower, I’ve heard a few tales of that firsthand. Oh, and those assholes may require a college degree of some sort before even reading the rest of your resume, there’s a lot of companies like that. Several Local LE departments need more guys badly, but they won’t even look twice at anyone that doesn’t have a bachelor’s, or a few years of criminal justice classes, or prior experience. And the change in housing cost? Rent around here is a couple hundred bucks less a month than a mortgage. And the increase in the cost of a car? And the other myriad of other expenses that have gone up, from food, to insurance, to bills? Along with lesser quality, in some cases. How about the increase in the cost of college tuition, lol. Back in the 60’s and 70’s, a 30K to 50K salary afforded enough to buy a nice house and support a man’s family, while his wife took care of the kids. Try doing that today on a 40K salary, then tell me I’m just throwing money away. Inflation and increases to cost of living have gone up far, far more than wages over the past fifty years, and I’m kinda sick of old timers crowing “you fuckin’ snowflakes did it to yourselves!” Everyone here hates unions but part of the wage difference between then and now is the fact that there is very little union membership in private industry anymore outside of just a few area's. This is neither a for or against post, just one that is fact for better or for worse. You can love them or you can hate them or you can be ambivalent about them but as unions mostly died out, wages dropped even as prices increased. Even my Dad who was salaried [engineer] in the aerospace industry remarked on that and he didn't think it was for the better. Even if you were NOT union in the 50/60/70's, hourly wages tended to rise and fall with organized labor wages because non union employers had to compete. For a plethora of reasons, stupidity, corruption, graft and greed affected both sides and we have what we have today. |
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Posted: 2/5/2022 8:40:42 PM EDT
[#38]
Quote HistoryQuoted: Plenty of millennials are working in jobs and fields that once would have afforded to ability to buy a home but these days don't even bring you close. I've worked hard and done well for myself but things are definitely out of wack. Yep. 60 years ago a "shoe salesman" could afford a home and a car, and a stay at home home wife. Fast forward to the 90s and you get Al Bundy. Now it's a starter job. Same goes for a barber. Now you have supercuts hairdressers hoping to supplement their income with tips. Same tasks, same hours per week. Much less buying power. I get why the minimum wage crowd is crying for $15 or $20 / hour. They can't afford to live doing the same exact work that was a reasonable living half a century ago. I don't think we need to raise minimum wage. But we do need to find a way to make everything more affordable. |
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Posted: 2/5/2022 8:57:49 PM EDT
[#39]
Quote HistoryQuoted: I wonder if they completed the survey on their $1,000+ IPhone wearing $200 shoes while drinking an $8 Starbucks coffe? From a guy with a Rolex avatar and a screen name of one of the highest margin sweatshop brands on the planet… el oh el. |
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Posted: 2/5/2022 9:03:57 PM EDT
[#40]
Most of the people I know above the age of 30 that weren't screw ups have their own home.
The ones that don't got bullcrap college degrees, never stuck with a job, and generally went about their lives as if someone was going to come along and make something magical happen to their lives. Lots of the graphs showing the failure of millennials to build wealth... Such graphs cannot factor in the difference in culture and mindset that millennials have. I have seen plenty of articles about how millennials valued their time and freedom and happiness more than money. Why then does it shock people that millennials this end up with less wealth than previous generations? Most millennials are over 30. They need to look in the mirror at their own mindset at this point. |
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Posted: 2/5/2022 9:11:56 PM EDT
[#41]
A 30 year old with an average job who was trying to save 20% of a down payment before buying because Dave Ramsey told him to is now faced with having to choose between spending twice as much on a home or buying a much different property than he wanted.
There is going to be a lot of pain when the pent up resentment is released and America makes a hard swing to the left. |
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Posted: 2/5/2022 9:12:44 PM EDT
[#42]
I'm a millennial. I'm doing great. Then again I live cheap. I drive old cars with no payment and learn how to fix them. I bought a smaller older house that was cheaper and now it's paid off.
Every single millennial I know that isn't doing well has made terrible financial choices their whole life and is unwilling to change. They even get angry when I suggest how they could save thousands of dollars a year. It's incredible how many people my age that have always made way me re money than me and don't have shit to show for it because they wanted to look like they had money or didn't wanted to inconvenience themselves with cheaper ways of living. Don't have much sympathy. |
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Posted: 2/5/2022 9:15:37 PM EDT
[#43]
Quote HistoryQuoted: Yep. The best part in GD is when you talk about it they tell you you're a fucking communist and "muh murica bootstraps" but don't seem to understand that's the type of shit that led to the last several fairly significant revolutions in the past. https://files.epi.org/charts/img/184223-24063.png https://awealthofcommonsense.com/wp-content/uploads/2020/07/Annotation-2020-07-19-221454.jpg gen x at half of boomer assets is astounding given what that would work out to per capita |
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Posted: 2/5/2022 9:20:21 PM EDT
[#44]
Quote HistoryQuoted: A 30 year old with an average job who was trying to save 20% of a down payment before buying because Dave Ramsey told him to is now faced with having to choose between spending twice as much on a home or buying a much different property than he wanted. There is going to be a lot of pain when the pent up resentment is released and America makes a hard swing to the left. This right here. There are huge warning signs all over the place, but unfortunately too many on the right or in the older generations aren't paying attention or are willfully closing their eyes and plugging their ears. It is incredibly dangerous for a substantial portion of the population to feel as though they're being left behind. It's even more dangerous when they have a point... especially if a substantial portion of the blame comes from those left behind having followed the advice of the older generations that now say "well, you shouldn't have spent all that money on a worthless degree" after having said "if you want to get ahead, you need to go to college to get a degree, any degree... it'll be worth it in the long run" for decades. I don't know what the solution is, but if the right doesn't do something to address these very real issues for a substantial portion of the population, something very bad is going to happen. And it is imminent. |
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Posted: 2/5/2022 9:24:56 PM EDT
[#45]
Quote HistoryQuoted: Yep. 60 years ago a "shoe salesman" could afford a home and a car, and a stay at home home wife. Fast forward to the 90s and you get Al Bundy. Now it's a starter job. Same goes for a barber. Now you have supercuts hairdressers hoping to supplement their income with tips. Same tasks, same hours per week. Much less buying power. I get why the minimum wage crowd is crying for $15 or $20 / hour. They can't afford to live doing the same exact work that was a reasonable living half a century ago. I don't think we need to raise minimum wage. But we do need to find a way to make everything more affordable. don't forget, it's not just monetary policy and inflation, but also feminism, as i've said since the 90s. |
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Posted: 2/5/2022 9:27:33 PM EDT
[#46]
Quote HistoryQuoted: This right here. There are huge warning signs all over the place, but unfortunately too many on the right or in the older generations aren't paying attention or are willfully closing their eyes and plugging their ears. It is incredibly dangerous for a substantial portion of the population to feel as though they're being left behind. It's even more dangerous when they have a point... especially if a substantial portion of the blame comes from those left behind having followed the advice of the older generations that now say "well, you shouldn't have spent all that money on a worthless degree" after having said "if you want to get ahead, you need to go to college to get a degree, any degree... it'll be worth it in the long run" for decades. I don't know what the solution is, but if the right doesn't do something to address these very real issues for a substantial portion of the population, something very bad is going to happen. And it is imminent. This! A ton of people did exactly what they were told to do and are struggling, when they remember their parents doing well at the same point in their lives. |
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Posted: 2/5/2022 9:44:24 PM EDT
[#47]
Quote HistoryQuoted: That is literally the more ignorant response that could possibly be posted. Fitting for arfcom I guess. Quote HistoryQuoted: Quoted: I wonder if they completed the survey on their $1,000+ IPhone wearing $200 shoes while drinking an $8 Starbucks coffe? That is literally the more ignorant response that could possibly be posted. Fitting for arfcom I guess. How does Foxtrot's post being called "ignorant" compare to a response where the one who makes the charge doesn't tell us why he/she thinks the response is ignorant? Why is the post ignorant? Make your case rather than just insulting him and moving on. |
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Posted: 2/5/2022 9:55:51 PM EDT
[#48]
Quote HistoryQuoted: This! A ton of people did exactly what they were told to do and are struggling, when they remember their parents doing well at the same point in their lives. Quote HistoryQuoted: Quoted: This right here. There are huge warning signs all over the place, but unfortunately too many on the right or in the older generations aren't paying attention or are willfully closing their eyes and plugging their ears. It is incredibly dangerous for a substantial portion of the population to feel as though they're being left behind. It's even more dangerous when they have a point... especially if a substantial portion of the blame comes from those left behind having followed the advice of the older generations that now say "well, you shouldn't have spent all that money on a worthless degree" after having said "if you want to get ahead, you need to go to college to get a degree, any degree... it'll be worth it in the long run" for decades. I don't know what the solution is, but if the right doesn't do something to address these very real issues for a substantial portion of the population, something very bad is going to happen. And it is imminent. This! A ton of people did exactly what they were told to do and are struggling, when they remember their parents doing well at the same point in their lives. Perfect encapsulation of the growing resentment. |
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Posted: 2/5/2022 9:55:51 PM EDT
[#49]
because they are lazy bums.
They want EVERYTHING now and without having to work for things they value fun experiences and vacations but DO NOT value work and OTJ training |
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Posted: 2/5/2022 9:58:16 PM EDT
[#50]
Quote HistoryQuoted: Meanwhile, a bunch of boomers want to cap my pay…clearing poor decisions and planning.. get another job or start your own business. If you are worth the pay another firm will hire you. |
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