U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-22-2018, 10:11 PM
 
Location: Oregon, formerly Texas
5,242 posts, read 3,393,710 times
Reputation: 8783

Advertisements

Saw an interesting article today:

https://www.axios.com/one-big-thing-...28ae346d9.html
Reply With Quote Quick reply to this message

 
Old 07-23-2018, 06:42 AM
 
Location: Tennessee
20,955 posts, read 15,267,317 times
Reputation: 23722
A lot of moving parts here.

I'm 32. I graduated college in 2010 at 24 in Tennessee. About $9,000 of student debt. At the time, almost no one was hiring locally, and I was too far away from major job centers to get any interest. It took four years to get my first "career track" job, and my first "staff level" job didn't come until I was 30. I made $15/hr or less most of those first four years. I don't care who you are or where you are - surviving on $12/hr-$15/hr isn't easy.

I had to move from Tennessee to two Midwestern states to even get that first viable job. That was expensive. With all that moving around, it's difficult to get involved in a serious romantic relationship, or heaven forbid, have a kid and jerk them around between different schools. I've had numerous relationships, but have never had a live-in romantic partner or been married.

They also had the "luxury" of not having to relocate to find employment. Homes were more affordable relative to income. At the time, property in our local area appreciated better - today, you're lucky to appreciate above inflation in this part of Tennessee.
Reply With Quote Quick reply to this message
 
Old 07-23-2018, 08:43 AM
 
Location: East of Seattle since 1992, originally from SF Bay Area
28,386 posts, read 50,582,032 times
Reputation: 28616
The comparison starts at 1977. I was not 30 until 1982, but at that age I was married with one kid, we had been in our first purchased home for 4 years, no debt from college or graduate school for either of us. I was in the 7th year of my career and after 4 promotions was a supervisor, making about $36,000 ($18.75/hour).



I see some examples of the current issues such as college debt and living with parents at 30. I also see people now that age doing far better than I did, some right out of college starting a job at 6 figures. I know several in the 28-32 age group that have bought homes here in the expensive Seattle area. One of my employees, for example was married with one kid and bought a 3 unit apartment (lives in one) at age 31. There are others that are living comfortably and have bought homes without a college degree, and no debt. One for example did live with his parents until about age 27, but now 29 has a good tech job at Microsoft and bought a house.
Reply With Quote Quick reply to this message
 
Old 07-23-2018, 10:10 AM
Status: "delete" (set 20 days ago)
 
3,189 posts, read 1,273,221 times
Reputation: 2351
Lol.

I'm sure 30 year old's are thrilled at the prospect of having children in a world where 58% of the wildlife on the planet was exterminated in the past 40 years and we have entered the sixth extinction with absolutely no sign of slowing down.

Worse, this behavior is encouraged by the system.

Additionally, human labor capital will continue to be replaced with technology. It's a massive threat that will one day encompass, perhaps every single human labor category.

Then we get these clearly biased and complacent comments from baby boomers who cannot wrap their head around how the world is changing and instead are shaking their fists at immigrants on television and trying to deny people health care.

Thanks for this.
Reply With Quote Quick reply to this message
 
Old 07-23-2018, 10:36 AM
 
Location: Lower East Side, NYC
1,837 posts, read 1,086,754 times
Reputation: 1290
It's ok, America is only a small part of the world. There's no one size fits all for everyone. What is successful for one is not for another. I'd rather do what I want rather than what a government metric determines to be successful. In 4 years I'll be 30 in a world that will likely be in recession or recovering from one. I just hope I have enough money saved so I can continue looking out from my fire escape and watch the sun rise over the One World Trade Center.
Reply With Quote Quick reply to this message
 
Old 07-23-2018, 04:41 PM
 
2,360 posts, read 1,026,502 times
Reputation: 2071
doent matter, because our future isnt looking brighter.. Seems the only generation that getting it right is folks born in 1975-1985.. rest are screwing themeselfs. Movie idiocracy seems to be on track.
http://www.mandatory.com/culture/104...-sadly-already
Reply With Quote Quick reply to this message
 
Old 07-23-2018, 06:21 PM
 
5,605 posts, read 4,159,335 times
Reputation: 12338
Quote:
Originally Posted by hitpausebutton2 View Post
doent matter, because our future isnt looking brighter.. Seems the only generation that getting it right is folks born in 1975-1985.. rest are screwing themeselfs. Movie idiocracy seems to be on track.
10 Things 'Idiocracy' Predicted Would Happen, And Sadly Already Have
Only folks born 1975-1985 are getting it right? What exactly is it and why is that 10 year period special?
Reply With Quote Quick reply to this message
 
Old 07-23-2018, 08:25 PM
 
Location: Ohio
17,998 posts, read 13,238,246 times
Reputation: 13781
Quote:
Originally Posted by Serious Conversation View Post
I had to move from Tennessee to two Midwestern states to even get that first viable job.

You knew that when you got your degree.



Reminds me of the idiot who got a degree in petro-chemical engineering, then complained he couldn't find a job locally. There aren't any oil fields in Cincinnati. Never were. The four very small oil refineries built at the turn of the 20th Century had shut down by the 1980s because of the cost of EPA compliance and the fact that it was far cheaper to ship gasoline, diesel and aviation fuel by barge up-river from Gulf Coast refineries than it was to operate them.


You have to go where the jobs are.
Reply With Quote Quick reply to this message
 
Old 07-24-2018, 05:03 AM
 
Location: Northern Michigan
860 posts, read 405,812 times
Reputation: 3456
Quote:
Originally Posted by Jobster View Post
Lol.

I'm sure 30 year old's are thrilled at the prospect of having children in a world where 58% of the wildlife on the planet was exterminated in the past 40 years and we have entered the sixth extinction with absolutely no sign of slowing down.

Worse, this behavior is encouraged by the system.

Additionally, human labor capital will continue to be replaced with technology. It's a massive threat that will one day encompass, perhaps every single human labor category.

Then we get these clearly biased and complacent comments from baby boomers who cannot wrap their head around how the world is changing and instead are shaking their fists at immigrants on television and trying to deny people health care.

Thanks for this.
You're welcome. Want us to send you a card, too?
Reply With Quote Quick reply to this message
 
Old 07-24-2018, 05:25 AM
 
Location: Central IL
13,349 posts, read 7,121,412 times
Reputation: 31043
Quote:
Originally Posted by Serious Conversation View Post
A lot of moving parts here.

I'm 32. I graduated college in 2010 at 24 in Tennessee. About $9,000 of student debt. At the time, almost no one was hiring locally, and I was too far away from major job centers to get any interest. It took four years to get my first "career track" job, and my first "staff level" job didn't come until I was 30. I made $15/hr or less most of those first four years. I don't care who you are or where you are - surviving on $12/hr-$15/hr isn't easy.

I had to move from Tennessee to two Midwestern states to even get that first viable job. That was expensive. With all that moving around, it's difficult to get involved in a serious romantic relationship, or heaven forbid, have a kid and jerk them around between different schools. I've had numerous relationships, but have never had a live-in romantic partner or been married.

They also had the "luxury" of not having to relocate to find employment. Homes were more affordable relative to income. At the time, property in our local area appreciated better - today, you're lucky to appreciate above inflation in this part of Tennessee.
I graduated from high school and college in the early '80's in northeast Missouri - RURAL! My whole county had only 8,000 people and my town was the biggest in the county at 2,000. Because of the recession the government was actually incenting businesses to hire college grads because unemployment was so high.

Soooooo....I didn't have any college debt...and I got the hell out of there! Sorry, when you live in a rural area with lots of farming and you go to college, you don't stay there. There is no better time to move than when you are just out of college. Why even try to work in your hometown? You're not married yet, you have the ultimate freedom. If that is not the time to move on, then what is?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top