You probably don’t understand that these kids are already locked out. Keep adding the other bills like rent or mortgage, car payments, rising insurance, education, ..
Your list compared to mine are night and day different in cost levels. I’m not agreeing with what kids are doing but I sure as hell understand it. This is a new era and the opportunities of the past are gone. The next 20 years aren’t anything like the last 20 years. That change is already here. We’re seeing the symptoms of it.
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It wasn’t easy back then, but now it is far more difficult.
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As a father with kids in their 20’s, I will readily agree that this is the case, it’s more challenging now. I think Resilience Rob would like me to pay reparations to his generation though. It’s going to get even harder as AI–>AGI eats up many more jobs. We need to face this future together, all of us.
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I think many look at the past as hard work and today as much easier work. I say that based on today’s technology, machinery, cars, and of course, air conditioning is everywhere.
That’s all true, but the hard part is the financialization we live in today. The jobs are paying much less in purchasing power and we live in a hyper expensive world. The past and today are two different places. People would beg to go back in time where a good days work equaled a strong paycheck. I see a whole generation of young people heading into the days of owning nothing and being happy with dopamine providing gadgets and small pleasures like Netflix shows.. not because they don’t want more out of life, but because they’re demoralized by a cost structure that out of reach for the vast majority.
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Right, but it is ok for older people to make generalisations, as they do.
I didn’t start the sh1t talk - or even really do any. I just made an observation.
But if it is too rood for you. Fine. I’ll call you a waaah-bulance.
I didn’t say that. Why assume I think that? Why do you need to put false words into my mouth or false thoughts into my head to make a point? if what I said is so terrible, just quote me. Don’t make up lies.
This is why no one talks anymore. People just make up lies, get butthurt over nothing and are all manner of other hard work.
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That’s the way the government operates. Millions of people are following that example.
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I live on one of the cheapest states in the country for cigarettes and I estimated based on local pricing 6.50 for a pack and 10.00 for a pack and a half x 30 day month for 300 a month.
In some parts of the country it would be double that. I estimated low on the entire list.
Spending 650 a month on non-essentials might contribute to being locked out. 5 years of that would pay for a degree or a down payment on house, or for some gear to run a service business of some kind.
Want to talk about retirement, put that in the bank every month until 6 months expenses are on standby then and later put half of that in a brokerage account and let that ride for a couple or few decades.
When I was 22 if I had walked into a car dealer and said I was interested in a very expensive $20K car and what kind of financing did they have I would have been thrown out on my ear. Today I’d get that $65K car loan on a ten year note. Young people by nature are not forward thinking. We used to have guard rails. You might get a $500 Sears card, you would not get a $10K credit card. No buy now, pay later scams. We did not naivety and ignorance as a business model to make a profit from.
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I grew up believing rich was the ability to buy store bought chicken, and real rich meant you bought it precut.
About twice a summer we spent a day plucking and dressing chickens for the year.
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Good point. Absolutely setting a terrible example.
God bless you. If you think 650 bucks is anything, stay where you live, you’re in a good place. For the rest of us, it usually takes 4-6k a month to have a decent roof, car, insurance, clothes, food..
We could probably get by in a camper in some RV park for 2k a month.
But wait, there’s more.. That place you currently live will probably see a huge spike in property taxes in the near future as that’s the current trend. I’ll save a seat for you over here when you get hit with bills that sink your current level of financing. Best of luck!
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I am speaking of squandering that amount on complete non essentials when ones life goals and basics are not being met. Never indicated someone could live on that, just that it’s too much to squander because boomer and orange man bad.
Already had a property tax and insurance increase on my houses recently. Fortunately the renters all raised their rents themselves because there was a rumor I was going to sell a house. And Everyone in the county was group ng about the increases.
Funny enough the rumor came from a conversation I had with the power company guy when I was trying to get an estimate for an electric install. I said I might sell a house and move a mobile onto a lot with a steel building on it when he said they would not put it for just the shop building. The renters got wind of it, went nuts raised their rents and the rich man behind the lot started pressuring us to sell it to him. For a minute there I was the center of the universe it seemed. If I need to spread a rumor I will tell Ricky at the Rural Power Coop.
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Reparations to younger generations would make no sense - would just reduce inheritance.
Admission that Boomer leadership especially in governments has produced horrible results and a goal to do much better would be nice though especially stopping further inflation and transitioning to sound money.
No, this person is either a troll or a legit boomer. You’re not going to be able to find common ground. It’s crazy 
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Given the real inflation rate is closer to 10% than the official 2-3%, you CANNOT save money by putting it in the bank - buy PMs instead.
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Back in the day, the social security payments were around $100 per month and old people did just fine. Now the older generation is demanding thousands a month! On what? They squander it on pills, cruises and fancy walkers. Meanwhile they’re complaining about not being able to pay property taxes. We need to get back to only paying them $100 per month, and if they can’t make it on that amount of money then maybe there’s something THEY’RE doing wrong??? Plenty of people in this world who survive on far less than $100 a month.
Every day, I drive past tens of old people standing there begging for money by several intersections. Did they even consider working in tech - duh? Thank God I can’t hear their begging voices - my Range Rover has excellent sound proofing.
Here’s what you do if you depend on social security:
Step 1: don’t rely on social security
Step 2: get a lot of money
Step 3: put that money in the bank
Step 4: whenever you need money, use some of that money you put in the bank.
Works for me. 
Obviously I’m trolling, but this is how out of touch the older generations are towards the ones they’re ‘empowering’.
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Hoo boy, the inter-generational finger-pointing escalated here fast.
I have war stories, purely anecdotal and boring to everyone else, by the dozens of my own. I will say that I didn’t begin to understand what was going on until I read The Fourth Turning circa 1998, and then at least some of the worst behavior of the Silents and Boomers – and the weird, competent nonchalance of GenXers – became comprehensible.
But I’m sick to hell of all that business. We are where we are, and a big chunk of the work before us is in rehabbing and supporting Millennials and GenZs who have been put through the worst schools, worst student loan traps, and worst psyops this world has ever seen. If we lose these two generations, we lose Western civilization. Looking through the timestamps from the podcast (below) gives a decent synopsis of where to get started.
00:50 Generational Perspectives on Wealth and Responsibility
06:58 Breaking Free from School Conditioning
08:58 Navigating Unprecedented Times
11:03 The Importance of Real Skills
13:20 Building Community and Resilience
16:12 Generational Wealth and Knowledge Transfer
19:08 The Future of Work and Economy
21:32 Rebuilding Community Values
24:16 The Role of Health in Community
27:16 Embracing Change and New Industries
30:32 The Power of Community Builders
33:11 Mentorship and Support for the Next Generation
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Back in the day old people didn’t use fancy walkers, they made themselves a cane from a branch. But that was back in the day when people had common sense and a pocket knife.
These days old people parade around in walkers costing up to $250, where 80% is covered by MY tax money through medicare.
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A friend, who married his pregnant high school sweetheart, got picked up by a national lab out of high school and sponsored for his bachelors and master’s degree. One of his supervisors at the lab noticed how skinny he was and gave him $50 to buy groceries–he never forgot that man and was so grateful because what money they had, they spent on their baby daughter.
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I agree that the out flow from social security is lop sided. Especially since the younger generations are killing off the generations that would pay into it for themselves. The number of people paying in for every person paying out has changed dramatically since the beginnings.
I agree with the raising of the age at which you can start drawing out. No reason why abled bodied people should have the expectation of being retired for decades on the backs or people younger than themselves who have less prospects of drawing out.
I think a large part of the problem however is not from retirees but rather from people with disabilities who draw social security at higher disability rates than they ever paid in, and do so for many decades. People higher lawyers who use crooked chiropractors and orthopedic docs to get them a disability status. Once these people get SS, their spouse and minor children draw also, and it’s actually possible for them to have a parent claimed as a dependent. And on top of all that the family members can be paid as caregivers, possibly while being paid. It seems like when Bill Clinton reduced the welfare roles, that people moved over to social security.
When Bush was in there was talk about individualized social security accounts and the possibility of them being invested in markets. I figured that was a nice way to keep markets heading up with printed money until the end of the universe.
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