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I'm sure many boomers here remember the $1.25/hr wage in June 1969 when I was finally able to get a job serving food at a retirement building. At that time in California, you had to be 18 or a high school graduate to even get a job. Or have a parent with a business who put you to work.
It jumped to $1.35/hr when I got a job at a taco stand a few months later, and $1.65/hr when I got a job at the local movie theatre the following year.
Yet at the time wasn't gas like $0.20-5 per gallon and movie tickets cost maybe a $1.00
Exactly, Gen X are into their 50's now, i sure hope they'd have homes by now. I bought my first one back in '96.
Young Gen X are still in early 40s. Many people place Gen X as 1965 to 1980 births. But yes, we generally speaking have no excuse to not have a house if we want one.
Baby Boomers could not be slackers... they had to work to eat and lived from paycheck to paycheck for most of their years trying to acquire some kind of security.
Today the kids are and were brought up in bigger houses, parents that spoiled them , and had many luxuries . The kids didn't know what a budget was, credit cards to teenagers was common, parents paid for their phones and internet. They grew up demanding more and not working for it.
Baby boomers, had to take care of not just their children which was very basic, food on the table and a roof over their head and also had to take care of their own parents as well.
You got me there. I wasn't around before income tax
Still don't know what you're babbling about but your link shows if you made $10/hour in 1950 you'd be in the top 3%. Actually much higher, as the top 3% started at about $5/hour.
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Originally Posted by johnnytang24
You got me there. I wasn't around before income tax
Is that statement suppose to mean something?
Quote:
Originally Posted by johnnytang24
Still don't know what you're babbling about ...
What I was babbling about was to answer your question.
Quote:
Originally Posted by johnnytang24
What jobs paid $10/hour in 1950?
If you don't like the answer, ask a different question.
Amen I took care of my mother as she aged since she had little money, along with a brother who was mentally ill, and my sisters family after her husband committed suicide. If we hadn’t worked hard and saved we couldn’t have helped anyone.
Baby Boomers could not be slackers... they had to work to eat and lived from paycheck to paycheck for most of their years trying to acquire some kind of security.
Today the kids are and were brought up in bigger houses, parents that spoiled them , and had many luxuries . The kids didn't know what a budget was, credit cards to teenagers was common, parents paid for their phones and internet. They grew up demanding more and not working for it.
Baby boomers, had to take care of not just their children which was very basic, food on the table and a roof over their head and also had to take care of their own parents as well.
It's not about eating out. It is about housing costs, which have risen at a much faster pace than wages.
As for retirement, Boomers again have the advantage, as stock options were better then. Today's options (for many companies) have been replaced by non-matching 401K's, Big Box store memberships and free lunches at the office.
There is simply no comparison.
If you can't find a well paying job right now you are never going to. Businesses are begging for skilled workers.
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