You have nice boomers. Mine understand the inherent changes in the market since they were our age, but they still blame us for not doing what they did.
There’s a middle ground somewhere between the extremes…
I was lucky that I got out of school at a still good time. But it still took sacrifice to get what you wanted.
Like sometimes I was cutting mold off the bread to make a sandwich for work, and only home cooked food, and no budget for entertainmentn expenses. It got us a two bedroom house for the, baby, plus car and motorcycle.
That was on one salary, but I realize that ain’t happening today.
But also I have seen family members of the young generation order a smoothy on skip, purchase $300 concert tickets, while racking up debt…while complaining of cost of living.
They aren’t getting a 2 bedroom house on one salary with 5% down, but they certainly could be saving for one by making some spending adjustments.
And if that is the situation, at least skip some pleasantries and contribute to a fund that has growth so you can afford rent later in life. That’s the issue I see, people will get to 65 and have a tiny government pension that won’t cover groceries and such, let alone rent
Oh yeah, we’ve got one of the best government plans still available since my wife is a teacher and I’m fancy. We were a touch late for pensions (defined benefit), but we are right in time for defined contribution. Hoping we can use the money/die before it bottoms out
Who knows all of these boomers scolding anyone? I’ve never heard one say that. Do I only know or am I only related to nice boomers?
You have nice boomers. Mine understand the inherent changes in the market since they were our age, but they still blame us for not doing what they did.
There’s a middle ground somewhere between the extremes… I was lucky that I got out of school at a still good time. But it still took sacrifice to get what you wanted.
Like sometimes I was cutting mold off the bread to make a sandwich for work, and only home cooked food, and no budget for entertainmentn expenses. It got us a two bedroom house for the, baby, plus car and motorcycle. That was on one salary, but I realize that ain’t happening today.
But also I have seen family members of the young generation order a smoothy on skip, purchase $300 concert tickets, while racking up debt…while complaining of cost of living.
They aren’t getting a 2 bedroom house on one salary with 5% down, but they certainly could be saving for one by making some spending adjustments.
yeah i don’t have any realistic way of saving the 20% down they want before i die.
And if that is the situation, at least skip some pleasantries and contribute to a fund that has growth so you can afford rent later in life. That’s the issue I see, people will get to 65 and have a tiny government pension that won’t cover groceries and such, let alone rent
Oh yeah, we’ve got one of the best government plans still available since my wife is a teacher and I’m fancy. We were a touch late for pensions (defined benefit), but we are right in time for defined contribution. Hoping we can use the money/die before it bottoms out