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A) They have college debt. Unfortunately for them these days employers can get educated and experienced workers for cheap. Why train fresh meat out of college? Instead these inexperienced college grads, man who were told go to college to succeed, have worthless ARTS degrees that only land them low paying, no skilled jobs.
B) Credit is harder to get these days. When you are in your 20's, generally, you do not have great credit or credit history, which lenders now required. This applies to both cars and homes. Also, see point A.
C) The thought of a owning a home is no longer seen as an investment, but instead seen as an expense.
D) Cars are expensive to buy and operate.
As you can see, all the factors really pile upon one another and play off of each other. I'm in my early 30's with a mortgage, 3 kids and 1 car payment. I am making great money. Never had student loan debt. Man, am I glad I'm not in my 20's during this era.
I am 68 and I agree. Far from thinking that the current generation is lazy, I feel sorry for their predicament. They face a terrible job market which has no immediate prospects for significant improvement. Because of demographics, their reduced number has to support the Social Security and Medicare for us boomers. (Well, if you want to get technical, I am two years too old to be a boomer.) For every old person who is struggling pitifully (and their plight is real and painful), there are three or four - maybe more - on easy street in retirement.
We are talking about generations, which means millions of people to average out statistically. So why do so many persist in reasoning from their own particular cases (or that of their mothers)?
You do not read what I said, only what you want to hear. When I said many young people are lazy I was referring to the fact most of them are doing nothing about it. Believe you me, you cut off anyone's Social Security it won't be long before the elderly and those over 65 will be out in the streets big time ! Its the third rail of Politics. No one will touch it ever, they brag about it on Fox Noise.but when it comes time to do something, forget it !
Why do Seniors rely on SS so much? Its because,contrary to what you are saying, over 46 percent of Seniors have less than 10,000 in financial assets when they die.That means there are a hell of a lot of older people that rely entirely on Social Security. and who are living in poverty, what a great Country you say, all the rich are retired and live in Florida watching the checks pile up. We do need a safety net for those 46 percent, not your fat cars you describe as wealthy. Fact is , they also get a Socialist security Check, maybe they should not and maybe the never worked in their life kids should get some of the spoils .? The young may have it all wrong , there are plenty of jobs, problem is most require some skilled experience, even a trade School would have helped , but no they went on to College to party with their friends mostly, instead of thinking about their future and how they will achieve the goals they have set for themselves.They would not be saddled with so much debt ether that sometimes takes 20 years to pay off.
You say, throw out all the old people?, bring on the " death panels" so many think are lurking just around the coroner, thats crap too ! Everything looks bullet proof to a 21 year old, including themselves. I doubt their biggest beef is that someday down the chain,far off in the distance they will become just like you and me dependent on SS for at lest part of their retirement.
The funding? where is it going to come from? Well first off, so much of the tax money the Government takes in, goes into general Funds., They always seem to find ways to lobby for so much thats not funded, like the two wars we are fighting, .
You do not read what I said, only what you want to hear. When I said many young people are lazy I was referring to the fact most of them are doing nothing about it. Believe you me, you cut off anyone's Social Security it won't be long before the elderly and those over 65 will be out in the streets big time ! Its the third rail of Politics. No one will touch it ever, they brag about it on Fox Noise.but when it comes time to do something, forget it !
Why do Seniors rely on SS so much? Its because,contrary to what you are saying, over 46 percent of Seniors have less than 10,000 in financial assets when they die.That means there are a hell of a lot of older people that rely entirely on Social Security. and who are living in poverty, what a great Country you say, all the rich are retired and live in Florida watching the checks pile up. We do need a safety net for those 46 percent, not your fat cars you describe as wealthy. Fact is , they also get a Socialist security Check, maybe they should not and maybe the never worked in their life kids should get some of the spoils .? The young may have it all wrong , there are plenty of jobs, problem is most require some skilled experience, even a trade School would have helped , but no they went on to College to party with their friends mostly, instead of thinking about their future and how they will achieve the goals they have set for themselves.They would not be saddled with so much debt ether that sometimes takes 20 years to pay off.
You say, throw out all the old people?, bring on the " death panels" so many think are lurking just around the coroner, thats crap too ! Everything looks bullet proof to a 21 year old, including themselves. I doubt their biggest beef is that someday down the chain,far off in the distance they will become just like you and me dependent on SS for at lest part of their retirement.
The funding? where is it going to come from? Well first off, so much of the tax money the Government takes in, goes into general Funds., They always seem to find ways to lobby for so much thats not funded, like the two wars we are fighting, .
You say (among other things):
1. There are "plenty of jobs" right now.
2. The young went to college "to party with their friends mostly".
3. That I said "throw out all the old people" and bring on the death panels. (I said no such thing.)
Aren't you even embarrassed to write such garbage?
Where I live, a 50 year old 3 or 4 bedroom house costs in the ball park of $400k with a $10k property tax bill. I see no reason to take on that level of debt. It's much cheaper to rent. 30 years ago real estate in this area was a great investment, but not anymore.
As for cars, my used car is fully paid for and I see no reason to buy a new one.
1. There are "plenty of jobs" right now.
2. The young went to college "to party with their friends mostly".
3. That I said "throw out all the old people" and bring on the death panels. (I said no such thing.)
Aren't you even embarrassed to write such garbage?
Here we go again....Cherry picking what I said. If you read what I said in the third party, you would have known, I was using young people to make a point as well as trying to speek from their perspective. Notice the question marks? Sorry to inform you, but I was not directing what I said at you personally.Example, college and party's , my point there is , that's what kids do, you know that. If some had went to a trade school, more substance ,less cost. We are a service society , nothing wrong with being in the trades. Yes there are jobs. Customers are not finding people to run the new machinery that's flying off the shelf. Oil and Gas are looking for workers, and last but not lest truck drivers. there are more trucks than drivers , many brand new tractors just sit waiting for drivers.
No, I am not " embarrassed", I am mad, we all should be.
I cant afford it! If I could I would. Decent jobs are hard to come by, but I wish I could own my own business. I would love a bakery.
If you love the bakery business so much, then get with same. Apply for a temp. Job and work your butt off. Good things come to those that apply themselves. Start at the bottom, that's what I did over 50 years ago. Tough times, bad years( many recessions to boom times). It took a while but I prevailed because I loved and liked working, many times 7 days a week.
You do not read what I said, only what you want to hear. When I said many young people are lazy I was referring to the fact most of them are doing nothing about it. Believe you me, you cut off anyone's Social Security it won't be long before the elderly and those over 65 will be out in the streets big time ! Its the third rail of Politics. No one will touch it ever, they brag about it on Fox Noise.but when it comes time to do something, forget it !
Why do Seniors rely on SS so much? Its because,contrary to what you are saying, over 46 percent of Seniors have less than 10,000 in financial assets when they die.That means there are a hell of a lot of older people that rely entirely on Social Security. and who are living in poverty, what a great Country you say, all the rich are retired and live in Florida watching the checks pile up. We do need a safety net for those 46 percent, not your fat cars you describe as wealthy. Fact is , they also get a Socialist security Check, maybe they should not and maybe the never worked in their life kids should get some of the spoils .? The young may have it all wrong , there are plenty of jobs, problem is most require some skilled experience, even a trade School would have helped , but no they went on to College to party with their friends mostly, instead of thinking about their future and how they will achieve the goals they have set for themselves.They would not be saddled with so much debt ether that sometimes takes 20 years to pay off.
You say, throw out all the old people?, bring on the " death panels" so many think are lurking just around the coroner, thats crap too ! Everything looks bullet proof to a 21 year old, including themselves. I doubt their biggest beef is that someday down the chain,far off in the distance they will become just like you and me dependent on SS for at lest part of their retirement.
The funding? where is it going to come from? Well first off, so much of the tax money the Government takes in, goes into general Funds., They always seem to find ways to lobby for so much thats not funded, like the two wars we are fighting, .
i expect exactly nothing from my govt when i am old and will save and prepare for that now at 28
i know one day ill get old and die- i would rather take my own well being into my hands than plan to let some ponzi scheme that probably won't be there anymore provide me with a low standard of living
If you love the bakery business so much, then get with same. Apply for a temp. Job and work your butt off. Good things come to those that apply themselves. Start at the bottom, that's what I did over 50 years ago. Tough times, bad years( many recessions to boom times). It took a while but I prevailed because I loved and liked working, many times 7 days a week.
exactly
chances are the bakery fairy isnt going to come down and start handing out bakeries to people
almost everyone who runs their own business had to work their ass off to get it
i expect exactly nothing from my govt when i am old and will save and prepare for that now at 28
i know one day ill get old and die- i would rather take my own well being into my hands than plan to let some ponzi scheme that probably won't be there anymore provide me with a low standard of living
There's a good chance you will do it too.Determination is often the deciding factor between success and failure. At 28 though you are just starting to wet your feet in the cold waters of living.
There are too kinds of people that turn 65, who knows what the age limits will be by then. Those kinds come up as those who do not want to take anything from the people and there are the other kind that depends on the social security as part of their retirement. It is possible when you get old your thoughts may change along with your health. I remember well 28, then 30. That was my coming of age, ether way retirement still seemed so far away, besides I was still bulletproof ..... The story starts there , it's a long winding road to the goal post.....
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