As asked above…what are the worse conditions?

RE: Oh brother. Nothing like seeing a bunch of millennials and gen z’ers

JohnnyC

4/16/23 11:38am

Every generation has its struggles. We have to keep things in perspective,

Joysey

4/16/23 11:40am

Especially when we know the real culprit—the Dutch.

Ojiisan

4/16/23 11:42am

Gen Z is growing up in objectively worse conditions than previous generations

vagabonder

4/16/23 11:42am

What objective standards are you talking about?

nova_coug_fan

4/16/23 11:53am

Costs of housing, education, and healthcare relative to inflation. No pensions.

vagabonder

4/16/23 12:01pm

Most boomers don’t have pensions and the ones that do…

docrick

4/16/23 12:11pm

This. I have only 2 pensions. $700 from 1 company and $300 from another.

Cougarbib

4/16/23 1:43pm

You get 60k between pensions and SS, two things future generations will never

vagabonder

4/16/23 2:00pm

Oh he's got a bunch of houses too.

Shore10

4/16/23 3:10pm

This is true. Rentals. Not empty vacation homes.

Cougarbib

4/16/23 4:26pm

3 words. 401K. I think most people that make a reasonable effort will get more

Cougarbib

4/16/23 4:25pm

Most people, no matter what generation…

docrick

4/16/23 4:42pm

Compounding interest FTW.

Cougarbib

4/16/23 4:51pm

So you're suggesting that everybody save at bare minimum 40% of their monthly $?

tarzan15

4/16/23 5:01pm

Rule 1. It’s not what you make it’s what you do with what you make

docrick

4/16/23 6:13pm

U can withdraw from 401K for emergencies. Just learn the difference between need

Cougarbib

4/16/23 8:29pm

Also realize tha not only is your tithing a dollar for dollar….

docrick

4/16/23 9:14pm

This really lacks perspective. The generation before me paid 15% interest on their mortgages, never went on vacation and

cheezedawg

4/16/23 12:15pm

Maybe 15% initially but with a ton of opportunities to refinance. A lot of

Lord Jim

4/16/23 12:19pm

Time will tell but real estate has always been a good investment

docrick

4/16/23 12:24pm

I’m 35. My home I bought on 50k income a year has increased by 200k.

Boring

4/16/23 1:50pm

My first mortgage was to buy a condo at BYU when I was still a student. I remember calling the mortgage broker twice a

cheezedawg

4/16/23 2:22pm

Rates were over 10% for almost 15 years. It wasn’t until the 1990s that we got single digit mortgage rates again. People

cheezedawg

4/16/23 2:27pm

Give me 25% interest rate with how cheap homes were back then.

Shore10

4/17/23 8:57am

I made under $28K a year back then. Yes home prices were lower. Interest rates

Cougarbib

4/17/23 9:19am

Lol what crash. They're doing 40 year mortgage options now.

Shore10

4/17/23 12:40pm

That is my point. There was no crash. And the dip did not help buyers because

Cougarbib

4/18/23 1:39am

Housing prices are a function of interest rates tho

cheezedawg

4/17/23 11:31am

To the upside. Not as much to the downside. Housing prices are sticky.

Shore10

4/17/23 12:39pm

I don't think this post is nearly as powerful as you think it is.

Shore10

4/16/23 12:20pm

IPHONES AND INTEREST RATES

vagabonder

4/16/23 12:23pm

There is a lot of survivorship bias in judging that generation. The ones you are holding up as examples are the ones

cheezedawg

4/16/23 2:29pm

How many vacations do you think millennials and Gen z are talking a year?

Shore10

4/16/23 3:15pm

Expedia did a survey ~3 years ago that said that millennials take an average of 35 days of vacation per year and spend

cheezedawg

4/16/23 5:13pm

I asked your opinion, so you Google something instead.

Shore10

4/16/23 5:25pm

I don't know that either of you are wrong.

Courtimedes

4/16/23 5:44pm

You asked what I thought it was so I told you what I thought based on something I remember reading a few years ago.

cheezedawg

4/16/23 8:55pm

If you aren’t talking pmt/wage ratio, you are being deceptive.

conetah

4/16/23 11:41pm

He's purposefully ignoring that aspect because it nullifies his argument.

Shore10

4/17/23 8:58am

This is some pisspoor whining

boyblue

4/16/23 1:06pm

Forgot the link

boyblue

4/16/23 1:21pm

That’s a cool graph, no compare it to cost of housing, education, and healthcare

Atmospheric_Cougar

4/16/23 1:43pm

I already explained how inflation is calculated, some categories will be higher

boyblue

4/16/23 10:02pm

Real wages have been stagnant since the 1970s… I’m lost with your response

Atmospheric_Cougar

4/16/23 11:49pm

That article is a great example of intellectual dishonesty

boyblue

4/17/23 10:49pm

Let’s try here for housing, choose any date for any of the metrics provided.

Atmospheric_Cougar

4/17/23 11:13pm

Bro, my original post was arguing that picking out single categories was flawed

boyblue

4/18/23 7:19am

As for the AEI article, I wonder why they are using non-supervisory production

boyblue

4/17/23 11:20pm

That’s simple, wage/wealth growth is disproportionately skewed by the top 5%.

Atmospheric_Cougar

4/18/23 7:53am

Not as simple as you think

boyblue

4/18/23 10:49am

I love it. You claim it isn't that simple but continually reference one point.

Atmospheric_Cougar

4/18/23 1:01pm

Your real wages jump mightily when u quit Yning, work hard, get promotions,

Cougarbib

4/18/23 1:42am

Minimum wage. LoL. Is there anyone left in America working for minimum wage? FF

Cougarbib

4/16/23 1:37pm

I wonder what the cost of starter homes would be today if the homes were

squidmark

4/16/23 2:06pm

<< Deleted >>

here's to hoping

4/16/23 2:54pm

As a Freshman at BYU - University Villas with 4 of us sharing apt 2 per bedroom.

Cougarbib