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What hole did you pull this out of? so from age 25-30, the majority of people are saving $200-500k? So they are saving $100k / year? You would have to be earning an absolute minimum of $225k / year to save this - and if a 30yr old is earning that, it's probably about 1% of them, and would likely be living in high cost areas like NYC where they are not saving nearly as much, as they are paying $4k / month in rent.
The government is in the process of lowering fannie / freddie down payment requirements for first time homebuyers, b/c people in this age range have absolutely no savings.
Quote:
Originally Posted by Ericthebean
Also today's youth realizes that savings of a few hundred thousand invested away untouched isn't just a nice idea, it is the expectation. This isn't a lot of money anymore...currency is devaluing....lots of people have access to this money now. If you don't the day is near you will be below average against your peers.
The ones who don't have this money vested away are the ones whose parents spoiled them. The rest of people are accumulating quite quickly.
Debt-free by Age 24
By age 25
$10-30K saved
By age 30
$200-500K saved
By age 40
$700K- 1Mil with mortgaged home
By age 50
1-2 million in assets and home mortgaged
By age 60
2-7 Million in assets and full home ownership
Of course if you raise 3-4 kids the amounts from age 35 upwards taper off more
Hilarious premise. Do keep telling yourselves that young people are trending conservative. I'm sure your wishful thinking will translate to reality soon.
Quote:
Originally Posted by swagger
Not all of 'em. Romney got the 18-20 vote, by a reasonably decent margin.
Hilarious thread. Do keep telling yourselves that young people are trending conservative. I'm sure your wishful thinking will translate to reality soon.
Got a source for that?
Interesting. An unsupported statement, based solely on opinion, followed by a demand for supporting sources by the opposition . At any rate, I suppose that a leftist can say that young people are "trending" toward the formers views, basing the statement on the surety that the wing nut left controls the "education" system. Therein lays the leftist disdain and contempt for private schools, unless they are bastions of leftist doctrine, of course.
I find it amusing, how leftist dogmatists hide behind this facade of "intellectual superiority", coating over that with lofty disdain , for views other than their own. So secure, are you, that young people are hanging from your belts, like proverbial scalps, in support of "liberalism"? Not all teen age citizens but totally in to the drivel spewed by so many "educators" these days. They didn't when I was still in high school and early college years , either.
Oh, strident and irritatingly shrill yowling are used to exert pressure upon non conformist views and action, which is often effective on this age group, but, as often, it backfires as well. Many kids don't cotton well to being treated as less for not following a crowd that is viewed as "popular" or in vouge with , so called" popular views. So, instead of meekly submitting to this pressure, the react with anger, at this treatment, and stand more firmly in their own views and beliefs.
Perhaps in cities, i. e. San Fran, NYC, and other , left leaning urban centers, there are a lot of liberal trending young people. However, these are not indicative of the nations young people, as a whole. So, as to wishful thinking, that is a two edged blade.
It used to be that teens and college undergrads were Emo, purple hair and punk crowdsurfing and protesting against corporations that pollute forests and fight to save our forests and protect endangered species
Today's youth has no time for any of this. It's about working long hours and pursuing low cost college degrees and then pursuing a lifestyle working extremely hard and saving 75% of earnings in savings and not touching it for 40 years
Today's youth are more Conservative than they've ever been in 100 years. What's up with this trend?
Stop making things up. Emo hasn't existed for that long. So you can't general what teens and undergrads are like. Even at its peak emo was a tiny sliver of the population. Always an outlier group.
Hilarious premise. Do keep telling yourselves that young people are trending conservative. I'm sure your wishful thinking will translate to reality soon.
Got a source for that?
How do you know what "young people" think? Have you talked to all of them?
It used to be that teens and college undergrads were Emo, purple hair and punk crowdsurfing and protesting against corporations that pollute forests and fight to save our forests and protect endangered species
Today's youth has no time for any of this. It's about working long hours and pursuing low cost college degrees and then pursuing a lifestyle working extremely hard and saving 75% of earnings in savings and not touching it for 40 years
Today's youth are more Conservative than they've ever been in 100 years. What's up with this trend?
Aside from not citing any source whatsoever, it's not clear how "youth want jobs" translates to "youths are more conservative". Nor how working hard and being against pollution are mutually exclusive.
Also today's youth realizes that savings of a few hundred thousand invested away untouched isn't just a nice idea, it is the expectation. This isn't a lot of money anymore...currency is devaluing....lots of people have access to this money now. If you don't the day is near you will be below average against your peers.
The ones who don't have this money vested away are the ones whose parents spoiled them. The rest of people are accumulating quite quickly.
Debt-free by Age 24
By age 25
$10-30K saved
By age 30
$200-500K saved
By age 40
$700K- 1Mil with mortgaged home
By age 50
1-2 million in assets and home mortgaged
By age 60
2-7 Million in assets and full home ownership
Of course if you raise 3-4 kids the amounts from age 35 upwards taper off more
What dreamland are you from ? I would have loved to been able to pull this off...
is this another beaner post-nonsense-&-run thread?
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