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Yep. Isn't it odd that we both know how it's done but literally millions of college students don't? How does that disconnect even happen?
In all honesty, I learned from my kids (both Millennials) who happen to be go-getters and figured it out on their own when they were in college.
I used to post almost exclusively in the Work and Employment forum but the skewed moderating finally got to me. I have more than 1,500 DMs here - mostly from young people looking for advice since I no longer post there, and I'm always happy to help them. Some take the advice, some don't.
I don't know where the disconnect is, but I can usually tell in my DM exchanges which people are going to be successful landing a job soon and which ones won't. The difference in attitudes is astonishing.
I think this is a serious question that needs asked. Many of the Millenials have got a huge "boost" from their parents and grandparents who saved enough money to pay for their college, wedding, 20% down on their house, pay for their car when they turned 16, etc. From the looks of it, these same Millenials aren't on track to have enough of a net worth to do any of the same for their kids. When the average net worth of a nation's citizens reaches $0 or negative, that's when it is essentially a 3rd world country even if it doesn't look like one yet.
I wonder if these same Millenials will be there for their parents when they become elderly and need help because they spend so much on their kids.
A household income to house price ratio of 8:35 or approximately 1:4 is hard to come by nowadays. In my city, the median household income is ~$70k and the median house price is ~$600k, a proportion of around 1:8 or 1:9, and that proportion holds for the surrounding suburbs as well.
This must be something to do with your particular location. In Connecticut, for example, Hartford County, there are plentiful circa-100k jobs for millennials and housing is around 300k for a starter home in the premier suburb (West Hartford). You've got to find somewhere cheaper to live.
I think this is a serious question that needs asked. Many of the Millenials have got a huge "boost" from their parents and grandparents who saved enough money to pay for their college, wedding, 20% down on their house, pay for their car when they turned 16, etc. From the looks of it, these same Millenials aren't on track to have enough of a net worth to do any of the same for their kids. When the average net worth of a nation's citizens reaches $0 or negative, that's when it is essentially a 3rd world country even if it doesn't look like one yet.
LOL... and many have worked hard, paid their own way and have have successful careers. I know this doesn't fit your agenda of making mellenials look bad, nor making yourself look like some wise old owl who " did things right". Please tell us what you have done for the for the "next generation"? Except for making nonsense comments about 3ed world countries.
The way it looks to you.... is based on the snowflakes that get the press while the quiet hard working young people today are totally ignored by the likes of you and people like you because you've got nothing to complain about with them.
Your angst with people who have money is also quite apparent. The real question that needs to be asked is... How is any of your business what wealthy people or people who aren't exactly wealthy and still try to help their kids? How is it hurting "YOU"?
My Millenial AND Gen X children aren't living off Baby Boomer Mommy and Daddy's Wealth because we don't have any. What makes people think we Boomers are rich?
When we were young, there were no 401K's. My husband's IT positions were offshored to India THREE times back in the 90's raising two children. JUST Factory Jobs that went bye, bye? How did we survive? Off the 401K. So do you seriously think we socked so much away in just 20 years to retire on? Think again.
Actually, Gen X daughter is worse off (back surgery gone wrong) than her younger Millenial sister and her husband because they have college educations (older daughter doesn't) and are Teachers, BUT neither of them even have basements where Mom and Dad can live in when the Republicans cut our Social Security and Medicare. Do everything RIGHT and Life can still kick you in the butt whether you are a Republican or a Democrat. Life doesn't care what your political party is.
Stop pitting one generation against the other. We ALL have our problems, and Trump and the Republicans could care less except for making the Rich even Richer.
You forgot to mention trust funds. They are the single biggest boost to real estate costs in the past 15 years. No trust fund? Pity you.
Naturally you didn't post any citation for your claim. There are many mellenials who have pulled themselves up via their bootstraps, paid their own way and have become successful enough to buy their own homes. Many of the previous generations are already homeowners so now there are probably more mellenials purchasing real estate. This ( as I mentioned to another poster) of course doesn't fit into your narrative on mellenials or trust fund babies so admitting it would make your previous statement sound more like sour grapes " no trust fund, Pity you".
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