I’m sure there is plenty we will agree on and plenty we wouldn’t. It’s a waste to debate on forums at this point anyway .
What really makes me pissed off is the amount of people that just don’t seem to give a shit. The people who don’t even have these discussions on their radar. Listen I deal with the boomer crowd week in a week out and they are notably worse than other age groups as far as their attitudes and general cut throat me first attitude. Maybe it’s just my situation, but it is what I see. I’m just being honest from my personal perspective. Let’s forget that and talk about younger than Gen X generations . ( for reference I’m a middle 40s GenX)
As far as a younger than me generation goes buying everything and saving nothing. Well your both right and wrong.
Most under 30 gave up before they could start. Let me tell you the Internet and $1000 cell phones aren’t the issue.
Starting out on there own is.
Right now a one bedroom apartment not in the hood in my county( Greenville SC) is $900-2000 per month plus another $250 or so in utilities.
For perspective a $15 a hour job pays just short of $2000 per month after taxes. Throw in auto insurance gas food etc and lord forbid a Kia Rio payment and it doesn’t add up. I know this because my 19yo nephew who wants to be on his own sat down with me looking for advice on this very issue. Now you can cut obviously cut back having a roommate etc, but it might get you by but there is no savings.
My generation could be doing a better job if you want to point the fingers, but the kids just starting out don’t have much of a chance. Hell I didn’t add in healthcare since they could not afford it.
The cheapest starter homes are 1300sq at $250k and up around here in the next county over. Anything else like small mill homes get bought up cash as investment properties. $250k is $100k household income (($48 per hour $5500 monthly)take home pay which sure as shit is not $15 per hour.
Let’s be really honest. $15 isn’t where most 19yo started out till very recently either.
Even at $25 it’s skating by. A lot of what I’m saying applies to people my age as well. I bet there are many here that make $40-60k a year. If they bought a home years ago then it may not be as hard on them.
If you can look at that very rudimentary breakdown and tell me that “We” didn’t fuck young Americans over then more power to you. Now the million dollar question is how did we do that to them
well we already know.
When I was 19 I was able to afford 1/3 apartment rent with roommates and a base model izuzu pickup.
I was broke but I could at least be on my own.
These days housing can be a huge factor of cost depending on where you live. Everything else is about the same. The numbers just don’t work and they are getting worse.