Okay but... where's the news?
this post was submitted on 11 Feb 2025
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Hey throw millenials in this too please.
And GenX. I bet a lot of them feel it too unless dementia has already set in.
Are people under the impression everyone who had a 40 hour a week job had their own house?
In 1990 my mom stayed home and raised us. My dad worked a measly construction job and we lived in a two story, 5 bedroom house (which they lost after the 2008 collapse, I took it over and lost in 2012).
My mom was also able to borrow against that house over and over again for cars.
Around 1996 my dad got his CDLs and drove a coal truck.
We bought that house for 30k.
My aunt bought a huge colonial house with 8 bedrooms for roughly 60k in 1979-80. She never worked. Her husband was a coal miner.
When it burned down in 1996, she bought a beautiful brick home in a wonderful neighborhood for 100k. She sold that same house recently for 600k.
The difference is absurd.
A "measly construction job" is a good paying one. A person working at a McDonald's for 40 hours a week at that time would not be able to afford an apartment let alone a house. When your aunt bought her house interest rates were in the teens, today they are 7% and that's a record high. My parents bought a house in 1976 for $28,000 dad worked full time at a city job plus always had a second job or side hustle. Our family would strip copper to make ends meet. Mom cooked every meal, eating out was a rare treat. Never once did we even order pizza, Mom make it with powder dough. We didn't have cable. Got by on two junker cars sometimes one.
Every generation has it's challenges. This is the first to have a public circle jerk/pity party
Every generation has it's challenges
And the younger ones have an objective, mathematically proven worse version of the challenges than the earlier ones did
Nobody claimed it was ever perfect, only that it's worse now, which it is
Many in GenX does, though.
https://www.redfin.com/news/homeownership-rate-by-generation-2023/
I mean not really that far of from boomers.
Um, life was maybe easy-ish for some boomers. Plenty of them got reamed by the many boom/bust cycles. Boomers lived through stagflation, two oil embargoes, Vietnam, the 80s fad of downsizing/rightsizing, many losing farms in the 80s, the 90s rush to offshore and outsource everything, the deskilling of Americans and the export of most manufacturing, NAFTA reordering things, the rise of big box retailers and further deskilling, the disintegration of unions, the Wall Street crash of 1987, the dot-com bubble burst in early 00s, the real-estate crash in 2008, etc. Gen X and millennials suffered some of these later ones, too, or dealt with the fallout from their parents having these struggles.
The ageist shit is just a distraction. Generations are not really a thing; it's more of a marketing strategy and also a way for the elites to further atomize Americans. Don't fall for it.
Yeah anyone is capable of taking their situation for granted.
My parents holding fast with "well, it's always been like that" made me realize how big this generational divide is.
There are good boomers who get it, yes. There are also some really dumb ones who have literally no clue what kind of world they helped create. Full stop.
And there are some Nazi gen z. We have to pull together the good ones from every generation and become helpers together. We can't bitch about the ones that are shit, there are shit people in every generation, so it's a waste of time and a distraction.
Yes, 100% this. There are plenty of boomers that got reamed by various elitist schemes, too. People right on the cusp of retirement only to have everything wiped out by something like an Enron or the real-estate bubble and they get to keep working another 10+ years...I think people have rose-colored glasses when it comes to the things boomers faced, too. It was not all sunshine and roses for everyone in that age bracket. It is lunacy to suggest that it was/is.
There may be some boomers doing nefarious things like Blackstone, driving up the cost of living for everyone, but I bet there are some very, very young people in schemes like that, too, making lots of money. Or individuals like fElon's boyz - I don't think the Dogebags are boomers. And fElon himself is Gen X....
Then there are headlines that I see like this that run counter to virtually everything you'd hear about Gen Y in recent years:
https://www.newsnationnow.com/business/your-money/millennials-financially-baby-boomers/
Lastly when the bullshit inter-generational warfare is whipped up, I remember this...
Me and my fiancee both work full time to just barely survive each month with no savings because the CoL is so fucking high it's unmaintainable. And if you reply with "just move", first: I'm in the midwest, it's not AS bad out here, and second: Moving is a privilege, it's expensive, time consuming, and often times you end up in a worse spot than you were before
Exactly! Same boat, I am too poor to move! Due to missed payments on mortgage, credit cards, and medical bills, our credit score is abysmal. There is no way we can get a new mortgage or pass credit checks for an apartment. On top of that I don't have the time or money to invest into the house so there are many things that need to be fixed, some of these absolutely need to before selling it so I also can't just sell either. 3rd, you're right. Wherever I do end up moving (if somehow we did get approved), it's probably going to cost more due to higher interest rates, and it will most likely cost more. We are praying to make it a few more years until stupid daycare is done so we can finally make ends meet a little...
I never thought I would be in this bad of a situation in my life, but here I am and I just want to survive each day. Thinking about money every day for years now is tiring and stressful. They have a name for it, its called poverty brain.
I had a basic but nice first house, but I sold it to move for a new job. I even was lucky enough to still make a bit of a profit. But not enough, and now I'm stuck back with renting again, can't really afford to buy a new house with interest rates, prices, inflation eroding my income in other areas, and poor availability. I think back to my parents buying their first house and how nice it was by comparison, for a fraction of the price even adjusted for inflation and it gives me a really unfortunate sense of perspective, much less hearing stories like yours or from friends I know who are in a bad situations. I'm not struggling, but prospects for improving things aren't great either, and that seems to be the case for everyone I know.
Don’t worry. All that work you’re doing will pay off… your landlord’s fifth mortgage.
In my case I'm subleasing so I'm paying off my Landlords' Landlord's fifth mortgage
You just need to put in some extra effort or get a side hustle like we did. /S elder millennial.
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Hey Gen Z, first time being gaslit by boomers? Heh, yyeeeaaaahhhhhhh.......they do that. Now imagine having them as your parent, and you're 5, and you have to just live with their bullshit.
~Sincerely, Gen X and the older millenials.
"it'll all make sense when you're an adult"
well. i'm an adult now. some would even say old or middle aged. it still doesn't make sense
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I hate this idea that people need to work themselves to death to survive. We have such a surplus of resources today that people should barely have to work. I don't know what it was that pulled the mask off this farce of a system we have, but it sure as shit isn't worth it to bust my ass for 45 years so the CEO or FuCKYou Incorporated can get another bigger yacht.
We have tons of excess. The problem is it's hoarded by a small tyrannical group of psychopaths bent on increasing their wealth at the cost of everyone else.
I personally am capable of working any boomer in their prime into exhausting while I'm still pushing for hours more. The whole "millenials are lazy" is corporate bullshit designed to make parents think their kids are just lazy and not being ripped off by the system they demand exists.
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