@@tommysalami420 find something you like to do and provide a great service ..that is what folks did forever. A direct ancestor went west for the 2nd gold rush in 1859. His letter said there were few homes in Virginia City and they were all expensive. He and 2 others went from Michigan to Nevada and California pre Civil War. They had a few horses and at the end walked. Ie sold the horses for food None of the letter has any whining. Lol
@@3beltwesty Dude I discovered a brand new technology and it was widely implemented into the field of AI. I already had my legacy on this earth. I want to go into that passion full time. I'm having a stream today actually. I am a poor person that is tired of being overworked and taken advantage of. In any other time in history discovering something as revolutionary as I did would have instantly set me for life and all my future generations. I just want to be an entertainer at this point. I'm not being given a stable enough environment for the chance I need. I'm sick and tired I can change the very face of this earth yet I'm still feeling hopeless and destitute. I just wanted enough time to actually make something of myself after my discovery. Yet life has kicked me endlessly. I haven't completely given up but you can't imagine how heartbreaking it is for even that illusion to break down in front of someone. Imagine you invent something that's never been done before just for it to immediately be used for others while you're still stuck in the same helpless position you started in.
Finally reached 60k 2 years ago (the most I have ever made) and lost my affordable apartment 9 months after starting the job. Did not have enough time to save any money. I now have to pay $1,000 more per month. My income to expense ratio has literally defaulted back to my cost of living when I was 25 years old (10 years ago)! So ya, literally no motivation to go for the next promotion if my whole life is just gonna be a rat race until I die.
I feel like "affordable housing" should be for all people up to like $180k household income and should only scale down, not be a hard cutoff. You should be able to build a life with low expenses and get ahead, not just use it when you're in poverty. It's a dumb system meant to keep people down.
My mother was a single small-town hairdresser all her life. She owns an $800,000 house in the midwest along with several cars. Recently someone totaled my car and I'm having to get a new one, and she said, "Can't you just buy a new one with cash? They're only like $40,000." Same woman goes on multiple international cruises per year. The lady CUT HAIR for less than 40 hours per week and can afford a quality of life that younger generations will literally never get to experience.
I’m not missing any point. A single mother amassed a small fortune by going into business for herself. Obviously you have zero idea how hard being a single mother was back then.
My mom bought a 5 bedroom 3000 sq ft house in 1994 for $120k...she could afford the mortgage as a single mom of 3 kids as a paralegal who never graduated high school. That same house is estimated to be worth $1million
@@timmy-dubs true. It was built in the 1910s. There were some additions over the years before we bought it. It's also in an area with a lot of tech companies that blew up in the past 20 years so real estate in that area has gone nuts
@@cycologist7069 oh no. She sold it like 20 years ago because the bank she got the loan from (variable interest rate) kept upping the interest rate until we couldn't afford to live there so she had to sell or foreclose.
They don’t care enough to because they’ll be six feet under when this all comes crashing down. They lived in the moment and now we gotta pay the bills.
Yeah, well it all came crashing down on Boomers in the 70s. They recovered. Years later, when they had all their equity in their homes it came crashing down in 2008. And many lost most of their retirement funds, too. The majority recovered from that too. It’s cyclical. Happens to every generation. Most people recover, some do not. Happened to the Boomers, to generations before them and after them and will keep happening.
I'm a Boomer and I don't think that the younger generations are complaining for no real reason. No, I think that they have very good reason to complain. They've been lied to. They are continuing to be lied to. I know exactly how they feel because I was told the same kind of lies in the 1970's about how if I went to college and followed a certain life path, success would be mine. Now I can't speak for all Boomers, of course, there are some of us who have done very well. But for myself, I definitely did not achieve even my parents' standard of living. I know what it is like to see dreams die, to see dreams fall out of reach. I know what it was like for me as a young adult struggling and it breaks my heart to see the reality that many younger people will not even be able to achieve the little that I have achieved. I don't own a nice home, I have a 30-year-old single-wide mobile home in a mobile home park; I own the home, it's paid for, but I do not and cannot afford the land it sits on, nor can I afford to move elsewhere, so I am stuck. My parents had two cars, a couple of RV's, their own house, vacation/retirement property, they were able to be snowbirds, and all I heard from them was how broke they were and how they had to be careful with money. I wish I had such money woes. They had assets, they could downsize if necessary. I cannot. So I really feel for these Millennials and Gen Zs. All I can say is that this started before many of them were born. I saw it coming in the 1980's. What is new is that this is so widespread that it cannot possibly be ignored. I wish I had some words of hope to give these young people but I don't. They DO have it harder. A LOT harder. And I do not see it getting better any time soon. I think it is going to get much worse for all of us. Our society has become like that mythical snake that eats itself, ouroboros, I think it's called. I'm not up on my mythology so I do not know how the ouroboros' story ends but I'm pretty sure it's not indefinitely sustainable. You mention the stock market and the effect that it has on jobs. Well, the stock market is what funds the majority of retirement plans these days. Yes, there are people making big money at the top of the game but there are also a lot of little people who depend on that market doing well because that's where their 401(k) and IRA money comes from. Everyone knows social security is in trouble, but not many have stopped to think about what happens when there are not enough workers to fund IRA's and 401(k)s to keep those schemes going. I'm lucky, I'm retired. But I know people in their 70's and 80's who are working, some in factories (yes!) because they have no other choice. Millennials and Gen Z, I have bad news for you. Most of you will not be able to retire. And you will spend your senior years working, not in the nice corporate American office job that you went into massive college debt to acquire, but in factories, in fast-food, as big box store greeters, because what they don't tell you before you go into all that debt is that the clock is ticking. You have a sell-by date, which will come before you are eligible for social security/medicare (provided that still exists) but after you can now withdraw from your retirement accounts without penalty (provided you have any money in those). This money can and will be held against you if you apply for assistance. You will have no choice--either spend it all, or go back to work, or maybe even both. When I was laid off in 2017 the only kind of assistance I could get was $16/month food assistance, later cut back to $15/month and I was told "be grateful, some people get even less." What, pray, does one do with only $15 a month for food? Buy a loaf of bread, a jar of peanut butter and a gallon of milk. Yes, I was actually told that! I hate to think what people seeking help are being told today. I was told go to school so you won't have to work in a factory, I went to school (thank God no student debt, they didn't have it back then, I worked my way through) and ended up working in a factory anyway once the company I worked for decided I was no longer needed. I learned that there are jobs that can afford to practice age discrimination and other jobs that will take just about anyone who walks in the door who is alive and breathing regardless of age because they are that desperate. Yes, Gen Z and Millenials, that could be your future. I am very glad that I am a senior and that I do not have children.
At what point do we start digitally rioting? I have to work my tail off for 10 to 12 hours a day and I can barely afford a car. An apartment is out of the question. Yet, we "have nothing to complain about" or "your life is so much easier nowadays"
We’re getting poorer as a nation. That’s the reality. No amount of smartphones and Internet connectivity will change the fact that our standards of living are on the decline, work harder for less.
@kiltedsasquatch3693 it's mostly older people. I remember when the boomers were my age and the older people, back then, called the boomers the "gimme gimme generation." They have not changed. We can all give the boomers more and they will still want more.
Don't forget that smartphones are a necessity. You need the internet to even get a job these days. You also have to have a way for employers to contact you. Sometimes that requires a video call. Boomers don't realize what we HAVE to go through just to survive and be a part of the work force. They are only capable of thinking about how things WERE and can't comprehend how things ARE.
@@jvan927 we're renting motel rooms for anywhere between $600 and $850 a month and we make 11/hr but truth be told, i have to nearly sell my soul to have a job that pays more because according to landlords and banks in my area I need to make well above minimum wage to afford to live under a roof. 🤷🏼♀️
Im 32 and passed my exam to be a registered dietitian. We are living paycheck to paycheck and i have a job in a hospital. We are renting and i feel like im throwing money in the garbage because i cant afford the cheapest townhouse where i am living😢
Almost 100k earned first year out of college, a lot more than most. My boss told me 200k a year ain’t even shit. Unfortunately he was right that even the higher wage earners of the middle class are broke.
If Einstein were alive today he'd be spending 60% of his mental energy worrying about student loans and the other 40% of it stressed out while he circles the block for parking and fighting with insurance companies over the phone.
Boomers where also known as the "Me Generation." It looks like they never quite outgrew that. They changed the U.S. motto from "e pluribus unum" to "hooray for me and to Hell with you."
2:24 id like to add that off grid living has become illegal in most US states. You are forced to rent there is no choice. It at least used to be you could buy land rent-to-own a shed , some solar panels and a mini fridge. But now you are forced to rent by the elderly generation that does not represent the current United States
Exactly! That’s BS they’re trying to regulate us out of options. Vore Chase Oliver for President! 🇺🇸 🗽 Invest in Liberal Party USA 🦬 for opportunity and prosperity for all! 💸
I’m 32 and got laid off a few months ago from a job I was with since 2015, I had to move back home and have been looking for work since the end of April. Yet my boomer parents say the economy is doing great. 🙄
You’re not alone. My husband got laid off last year and it took him from April until September to find a job. Luckily it was near his parents and they have a big four bedroom house so there we are having 3 generations under one roof. It has now been a year and there is no option of finding our own place insight.
Do you worry enough to make a change that will help your grandchildren or are you waiting for someone else to come up with a solution without you making any changes?
I quit working last year when I realized I could not work and have the same quality of life. My husband's job pays most of the bills, and my income wasn't enough for an upgrade of anything. It's made it virtually impossible to be motivated to go back to work, even though I loved my job (which also required a degree). Now I just focus on taking care of our kid and keeping up with things around the house. It's just not worth it to invest my entire life into a career that isn't going to have a substantial payoff.
From my point of view the biggest payoff of working is to have enough wealth to not work anymore, so you’re living the dream. Sure you’re still taking care of kids but I’d like to do that too.
@@amazinglats6020 I crunched the numbers, and my salary on its own was NEVER going to result in enough money to quit working. Mine and my husband's salaries together.... maybe. I'm still weighing the option of going back to work at some point, but I'm just not motivated. I really hate American work culture, and it's hard to want to go back when the payoff is so small, even if it's above and beyond what we need to make ends meet.
Until you're divorced in 10 years and a huge dent is missing out of the already insufficient amount of social security you'll get at retirement because you didn't work for a decade. Remember: our government places no value on childrearing unless you're doing for a paycheck and a stranger's kid. Protect your future.
@@jfree2737 My child is special needs. Part of the reason why I quit was because I couldn't keep up with her needs and a full-time job too.... because our government and our society place no value on childrearing (even when you're doing it for a paycheck to watch someone else's kids). It's kind of hard to protect your future when there is no space for you or your child to have one in the first place. 🙄 She's getting older now, so maybe I can go back in the next year or two IF the situation allows it.
@@fairywingsonroses Hopefully so! Still find a way to put something aside for yourself, because unfortunately this society doesn't value anyone not making a rich person richer.
@@IsaiahMiguel Maybe if millennials (and gen z) stopped blaming other generations for their financial struggles and knew how to manage their money more wisely instead of spending it on expensive tech gadgets, streaming & subscription services, Ubereats and Doordash every week and online shopping, etc. they would be able to afford a house. But that would mean taking personal responsibility for their own lives instead of blaming past generations which isn't likely to happen, so........that's on them.
@@TwisterTornadolol some older people get all their news from other older people that like to complain about younger generations. She didn’t even bother watching the video it seems and doesn’t seem to know of the many other failures of her generation. Nope it’s that $10-$15 monthly subscription fee that’s dooming so many people 😂
Millennial here. Wife graduated college debt free. I graduated with some debt. We both believed in love and there’s still lots of good in life. Positive approach & teamwork to life helped us. We were young and learning as we went. She is a high school math teacher & im an engineer in the oilfield. We got super lucky we bought our home in Covid June 2020. Locked in rate at 2.8. Moral of my story, if we began our story again day one in today’s time, ufff. It would take us waayyy longer to be where we are now. So I get the whole work harder move up stay positive don’t let your circumstances dictate your future blaze blaze, but this economy is not in our younger gen’s favor.
Buckling down and working your butt wasn’t too far fetched as far as the younger generation goes (years and years ago) but the steeper that hill gets the more people lose the will to fight. I went back to an old job that used to have is working 3 weeks in a row with 2 day breaks in the hopes of getting more money only to learn that overtime has basically been halved and they’re only paying $2 more than FIVE years ago. I have a wife with chronic to pain to take care of and it took the wind out of my sails when they said no overtime today (Saturday). I’ve never felt so depressed to have a free weekend. Something’s gotta change
@@treymapimp I agree well hopefully those freed up Saturdays allows you to care for your wife & hoping things get better for you man. But as much time we wanna spend w the wife/kids we also gotta work to provide it’s a vicious cycle.
Most Boomers buying themselves brand new $80k side-by-sides to use at their summer Camp, but then become furious if their grandkids need help with a light or grocery bill. 😉
@@backcountyrpilotso the me me me generation of boomers who paid for school with a summer job don’t want to help their grandkids pay for books while it would take them years to pay for one semester. Just wanna make sure I understand that entitlement argument.
@@ommconsult8351yep, how dare you be entitled to food, shelter, water and clothes, get on with pulling up those boot straps. Nevermind if you can't afford boots, we can just duct tape those straps to your ankles for you. Go on, pull, pull.
@backcountyrpilot I bet if you actually showed us a live replay of your entire life and the job(s) you worked and how you were just so much better at conserving, we'd see where the real entitlement comes from. Just another out of touch boomer.
@backcountyrpilot I moved out 8 days after graduating high school. I haven't asked my parents for a dollar since, because I know they wouldn't give it, they say things like you. My grandmother died. My parents paid off their downtown Southern California house, and I got a couple photos. I wasn't surprised, just disappointed. I left California shortly after that. Then they ask me when I am going to come out to visit and bring the grandkids. Sorry, I gotta pull myself up by the bootstraps and keep working, so I don't have the luxury of taking vacations, let alone any hope of ever retiring like them. I am contributing to Social Security and my 401K, but the way the cost of living is skyrocketing those will likely be rendered irrelevant and I will have to work until I die 🤷🏽♂️ It just is what it is. That's the reality for Gen X and younger
@@KingdomKillaz117 I was not referring to you, to be clear...I'm referring to the ones who own a lot of single family home properties and are greedy. The ones buying up houses to rent on Airbnb, etc. The corporate landlords
Just want my own place, be able to travel since I never been able to, have enough money to not worry if I am able to afford simple things. Currently saving and investing pretty much everything with what I can at the moment but still seems much more difficult. Still keep going to work and doing what I need to do. I've dealt with a bunch of bs early on in life as it is. All of us who've been struggling deserve better.
You need at least a $75,000 to $150,000 single income to just get by in many major American cities now. Life was more affordable as little as 25 to 50 years ago. However, it wasn't perfect since corporal punishment was still widely acceptable until the mid-1980's. Yes, I think Millennials and Gen-Z are getting screwed. A brief viewpoint from a Gen-Xer here.
Gen-Xer here. We're not great either. We do ok but don't want to see the kids homeless, so they get help. The older folks planned for retirement but not for the nursing home, so we keep them with us, too. Gen-Xers are sandwiched and the middle.
35 yr old vet with 1 kid (special needs) pulling in 50k a year, still can't afford to live in a 960sqft house. What is savings?? My parents were able to live on 40 ish K per year with 3 kids new cars and a mortgage.. not comfortably but we did it. We're loosing money faster than we can earn it with only the mortgage, car payment, and groceries.. with only 1 subscription service LMFAO
I am doing things right now to make my situation better, but I'm 43 with two college degrees and certifications in a senior supervisory white collar job. I don't earn a ton of money but I earn a lot more than most 30 year olds. *I* can't afford a house, and I live in a flyover state.
Here's my advice to the Boomers if you're having to go back to work because you can no longer afford things on your Social Security ask yourself where Social Security comes from it comes from the working class if the working class is unsatisfied with the way things are running in our country and you're no longer getting the benefits for the hours and years and decades you put in ask yourself why isn't the Next Generation also seeking that Social Security because it's not going to exist
The empire is in terminal decline. There is no stopping it. The best we can do is downsize our lives, accept that we will have a lower standard of living and adopt a desire for personal growth instead of material wealth. I stopped working really hard a few years ago and my quality of life is much higher. A good book and a cup of coffee in a rainy day can be as joyous as buying a yacht
I'm Generation X. I was broke up until about age 40. While in my 20's, I never complained about being broke because all my friends were broke, and we all accepted it, because it simply wasn't realistic to be 24 years old and well off. Like...how? How would someone be financially thriving in their 20's? Thats not real life. But social media has obviously done a number on young people of today. Because these kids of today are on TikTok Tok and Instagram and seeing people flashing wealth and they think thats real life, and thats what everyone should have, and its bullshit.
I think you’re very misinformed if you think everyone thinks times are so rough because of rich kids on Instagram. It can skew expectations but doesn’t change that many normal people including myself are feeling hopeless. Over a handful of years I’ve watched groceries nearly triple, gas skyrocketing, insurance rates increasing, house prices doubling or tripling along with rent increases. After my job gave us a 50¢ raise (which is a slap in the face) for the year for “all your hard work” I left to go back to an old job where I was able to work 3 weeks in a row only to find they have little overtime available now. I don’t get how so many older people are still under the impression that things are fine even when your guys’ age of retirement keeps getting pushed back, you’re losing value on your retirement funds and social security, etc. Nobody but the 1% is winning rn
@@treymapimp Oh, I know times are rough and inflation is out of control...but us older folks have seen this before. At some point, google "the great inflation of the 1970's." But to put things in perspective, the inflation rate of 2022 was eight percent...the inflation rate of the late 1970's was FOURTEEN percent. And most of us have no plans to retire. Some won't retire because they can't afford to retire. Others won't retire because they just don't want to. I work with guys in the 70's who have millions and they refuse to retire. They're like: "Retire and do...what!?" Personally, I have hobbies-- so I will retire at some point. But it's hard to do so because once you finally get to a stage in life where you're making a lot of money, it's hard to walk away from that. Especially when the younger members of your family are struggling and you have the means and the chance to help them. Ironic and crazy, I know.
@@tompriceusmc Okay so you know things were rough then, and they’re rough now. What is your issue with complaining again? Just that it’s younger kids doing it bc of this false impression that everyone is mad because they can’t afford their favorite RU-vidr’s lifestyle? I didn’t live through the 1970’s obviously but it doesn’t take much searching to see protests and union strikes that took place then I don’t know if you just expect people to take it lying down just because you and your friends didn’t complain or what
@@treymapimp I don't have an issue with their complaining. I'm merely noting what may lead to the young people of today having unrealistic expectations. I'm glad we didn't have social media in my day, because if we had, I'm sure I would've done a lot more complaining. Also, not having social media forced us to go out and make things happen. We were all being booted out of the house at 18. Some of us went off to college, some went into the military, some went to work on a fishing boat or joined the job corps...my brother ran from Alabama all the way to Washington and ended up in a timber yard. I still don't exactly grasp how that happened. LOL! But back then thats just how crap went---you were kicked out of the nest and better hope those wings work. And I fear that had I not been forced to do that, I would've just sat at home on the computer and tried to make a career off Tik Tok or Twitch or whatever.
My dad had a house, a wife, me on the way, had been over to America several times, when it wasn't really heard of. He had new cars. I would love to have been in the same position.
its important noting that even just the financial stress alone can negetively affect birthing rates, even if these couples were willing to get pregnant that stress can make it quite abit harder just to even accomplish pregnancy. now throw into the mix poor food quality in the US, poor healthcare structure, and absolutely no actual represensation in the GOV because they all only care about lining that stock portfolio with inside trading and legislation that benefits them and only them, as well as sending money off to god really knows what to secure or broker hush hush deals with our tax money while also throwing out random false hearings and court showings of them "holding CEO's accountable" yet nothing truly gets done to solve any of the atrocities done by said corporations because these corporate lobbyists have our gov officials on an adjustable leash. the younger generations are done with this system, its only a matter of time before we boil over and hold these criminals accountable in my opinion. the only question is how it will be done, and for everyones sake i truly hope its as peaceful as possible.
Housing prices are making us stupider aswell, nobody can concentrate at work and we are stressed out focusing on things that should have been fixed along time ago, but that were deliberatly not fixed to make old people richer, and to enable child labour in essence.
Most of us are on average salaries of 25/28k a year and cant even afford apartments at $12/1500 a month. Jobs dont give descent raises pensions or bonuses today where fucked!!!
I'm a Boomer married to a Millennial and the stats don't lie. What is happening to the younger gens was criminal back in the day. I finally came to my senses and started a channel addressing this with my wife. Thank you for sharing your insights!
The most important change young people should push for is that the US go back on The Gold Standard (or adopt a Bitcoin Standard). This would stop inflation and the pointless wars that inflation allows overnight. The next thing you should do is force the government to phase out Social Security. It has been a PONZI Scheme since it began in 1935, and Gen Z will be the last level and left holding the bag.
A silver dime in 1940 would buy a Loaf of Bread. That same silver dime today still buys a Loaf of Bread, just due to the silver melt value. Once people get that simple concept then moving back to the Gold/Silver standard would be easy.
Did that in grade school in Indiana..pocketed the 30 cent lunch.money.. so got paid 15 cents an hour for 2 hours in cafeteria..got paid with a free lunch 😊
My parents bought a 4bd 2 bth 1922 sqft house for 90k in the early 90s, Id Kill to be able to find a house that size for double the prize these days. When I first started checking Zillow a few years ago for homes in my price range, there were dozens of homes. Now, there's barely a handful, and the ones there, are basically asking for mansion amounts for a shoebox. After all the saving Ive done in the last 5 years its like is there even a point anymore?
@@ZERO_O7X we're equally to blame. We didn't take the reigns when we should have. We let the boomers hold onto political, and cultural power much longer than we should have.
@@immortallegend648 I don't know if they would have ever handed over the reigns. They didn't trust you or us and that's why they're still in power. My parents are first wave boomers, born in 47 and 50 and still refuse to see or treat me like an adult and I see it happen to my cousins who are gen x as well. I'm just glad there are some people in your generation like you who care about what millennials and gen z are facing. I grew up with a lot of gen x kids since I was literally on the cusp of x and millennial, and have met a lot of good gen x people over the years. My suggestion to you is to convince the stubborn ones who have fallen into the belief that "we're just lazy" that it's not our fault. It's getting easier to do since gen x has so many kids who are now working age, hard working and still struggling. We have to unite together to fight this thing if we want to win. ✌
Men and women are different, there are many different unique and distinct racial groups with their own experiences and nations and that isn’t happening because of the government, this mindset is literally so frustrating and ignores very real issues that boomers have also ignored, Also multiculturalism, diversity and integration is literally THE status quo, and is what has led to this dysfunction and atomization
@@GaspataGhast I'll be the first to admit that I'm not vry smrt. So you'll have to forgive me if I have no idea what you're trying to say here. Great writing though, you managed to string all the buzzwords together.
Boomer: "Why are you complaining?" Me: "Says the person who dodged the 'Nam draft, the person who burned his draft card, the person who protested for unions, and ultimately heralded 'The Civil Rights Movement.' I dunno, man; you sure complained and changed things."
There is a generation between the Boomers and Millennials you know. Or are you lumping in Boomers and Gen X together? Gen Xers hate the boomers. We are literally the latch key generation and we had to fend for ourselves and NOBODY helped us out!
I’m a younger Boomer. And my parents were very young when they had me. I have much more in common with GenX than Boomers. It’s the Gen Jones subset of Boomers. And the oldest Boomers probably have more in common with the Silent Generation.
A lot of Gen X are a bunch of suck ups to Baby Boomers. Even now they keep submitting to those Baby Boomers despite nearly all of them being eligible to collect Social Security.
Complaining/protesting generates income on social media, so it will continue. Steadily increasing government spending and interference in the economy is the main source of these problems. Don't blame me (a boomer) for that. I've opposed it and voted against it my entire adult life.
Yep. It generates income but produces nothing tangible. But heck, let’s all be “influencers” so we can work from home as little or as much as we want whenever we want. Let’s make money by creating hate and fear without offering solutions. Let’s complain about work life balance while simultaneously saying they are being unfairly criticized for not wanting to work hard enough to get ahead.
@@danamarie8718 You have lead poisoning and brain damage your opinion is invalid. You left nothing of value behind in society rot and never speak again
A boomer here. We were brought up to not complain.I didn't have it good either. Wasn't able to buy a house until. I was forty yrs. old No vacations. no wasting money. Just tried to survive . It has never been that easy to get by.
Pay $1500 a month in rent and my neighbor is a meth dealer. No more conversations. I expect at this point to just have it fixed. Sick of 10 year plans, by 2029 it’ll be better, this that and the other thing. We’re burnt, all of us. Been to school three times, every field destroyed by AI bidenomics and the like. I’m done.
I mean, I'm a millennial and I'm constantly trying to help my coworkers (in their mid 20s) by explaining the realities of home ownership and all that. They keep saying they can't afford to buy but they turn around and are constantly wasting money on electronics, gaming systems, vapes, fast food or dining out, etc. They don't want to stop that frivolous spending and they don't want to buy land now and work towards building (or even building a tiny house or anything that gets them out of the apartments). It's like a wall. They are so convinced that renting is forever they don't even try anything to get out of the situation. Desperate times call for desperate measures. It just depends how badly you want something else out of life. I'm saying this as someone who would give up all the bills and debt and go building a tiny home if it weren't for having to take care of my kids and family. I'm just as trapped by the housing/money/etc as everyone else.
@@kiltedsasquatch3693 The music doesn't fit the feelings of hopelessness they created. Its like playing Christmas music at the gates of hell no one can relate to it anymore
So let’s math this real quick. 20 dollars an hour is 41000 a year. I pay 9000 dollars a year for health insurance before taxes. 32000 before taxes Taxes leave me with 64 percent of gross Leaving me with 21000 dollars. If I find a lower end apartment for 1000 dollars a month that leaves me with 9000 dollars. That’s leaves me with 750 dollars a month to pay for car, car insurance, cell phone, food, gas, saving for retirement. Sooooo yeah, I’m gonna fucking complain. I build blow molding machines and have to read and interpret complex blueprints. Like this working economy is a joke on both ends.
The problem is that everyone wants a better life and people always vote that way. Deficit spending reaps positive results to the economy. Deficits are always predicted to decrease as the economy is expected to continually grow. Then it doesn't. Economic stimulus is then provided by the government (more deficits) because mass long term unemployment creates unrest. Rinse and repeat over decades and presto; we have a deficit crisis with inflation.
I know it probs sucks - but consider moving to more affordable areas/states. Nebraska is still affordable. Come here and help build a new political movement with Liberal Party USA. DO NOT vote for the Boomer parties.
For all the talk I've ever heard of, "Nerds are gonna rule the world one day," nerds at least understood math and economics. Something Boomers never did. Boomers have treated the economy like its their own social piggy bank, spending like drunken frat boys and sorority girls on college Spring Break, "because Mommy and Daddy pay the bills." The problem is, the Boomers never grew up and matured enough to pay attention in the 1980s, when things were good. The 1990s rolled in, the internet repeats the Roaring '20s with the Dot-Com Boom, yet all that does is lead to Boomers wanting more spending, "'cause I got mines!" Yet all that spending is leading to inflation we haven't seen in a century, even under "stagflation" in the 1970s. I wonder when hyperinflation is going to hit the economy, honestly, because when it does, one, we are 9 meals away from anarchy; and two, at least the Greatest Generation could do things for themselves to live and survive, because I fear the vast majority of people younger than 35 can't actually do the necessary things to live off-grid or fix/repair machines not requiring computers. I mean, how many people know how to run, repair, or maintain power or water infrastructure? How many people know how to run the railroads? The refineries or mines? The processing plants? Machining without CNC equipment to make parts from bar stock? Forging? Harnessing and using animal or water power? The point is, because Boomers never paid attention and actually cared about what government did, we are now paying the price, and will continue to pay the price until this society falls. History shows us this is inevitable, when women throughout history are given sexual liberation. Economics and warfare soon follow. All you have to do is look at every single society, empire, kingdom, and civilization in history to see this pattern repeated. And what causes things? The same thing we have today: Back-breaking inflation. No joke, we now can track the fall of Rome because they would use alloys and impure metals to try and keep metal coinage the same weight, while having less actual valuable metal content. They would mix silver with zinc or tin, for example; gold with pyrite for another. Ever wonder why pirates in movies would bite coins? To see if they were counterfeit. That practice historically goes back to Roman minting practices, since impure coins were used to defraud both merchants and consumers. Add in numerous civil wars depleting the number of able-bodied adult fighting men, and Rome was no more by 800 AD. This is why we are seeing the open migrant problem, so government can promise a bunch of free stuff to non-citizens who will support and actively fight for them, when they cause society to fall apart. I mean, who remembers the "$300 for 80 hours in one week" paycheck in the movie Death Race? I do. And I fear, because of the Boomers and their utter failure at holding government in check, plus not seeing the forest for the trees, we are headed there faster than we know. Put it this way: After a 10-year failed war in Afghanistan, the USSR fell economically in 1991. Despite our past cohesiveness and actual community, we are now so divided that I fear an economic crash will shatter this once great nation like the ruble crashing Soviet Russia. And people, we have less than a decade to course correct. Otherwise, this nation is finished, and we socially, civilizationally, politically, amd culturally will get relegated to the history books, because we failed to learn the lessons of history. Because the Boomers failed to teach us what should have been taught, unless we use our tech for an actual purpose, rather than creating hate-watching content online where narcissists do things that piss off everybody else, and actually properly fix our problems, one at a time. Otherwise, I can and will place the blame for our decline and fall squarely on every single Boomer who has drawn breath -- because they had a duty and obligation to us to act in a moral and ethical manner where government is concerned. The Boomers utterly failed. And if you don't believe me, you're either ostriching in the ground somewhere, you're a Woke Snowflake who has severe TDS, or you're being completely intellectually dishonest, amd nobody should care what you have to say. Because the first step to solving any problem is recognizing there is one. I've done that, and now have told you we have a social government money addiction worse than any actual gambling, drug, sex, or food addiction. But I fear the political will of the US will move slower than molasses in January before we get off our collective asses and tell the Boomers to GTFO of the way, so we can fix the problems they caused. Because at that point, it's societal self-preservation, and it will be bigger than any one man or political party. Anyone thinking otherwise is a Woke social clout-chasing child who can keep their collective mouths shut while the adults try to actually fix things.
House: Boomers: the first 5 years we had not flat of our own, we lived at the grandparents house/flat. Then we three children shared one room, i got a room of my own with 22 years for the first time.... Today they want eith 16 years what we have reached with 40, 50, 60 years. Well, stop to complain and start to work (cleaning, doing household for others, work as garbageworkers... until a better job is free....)
Boomers I have a lot of respect for you guys, but y'all need to chill right now and stop gaslighting the millennials/gen x we need to come together more than ever.
Only in the past 4 years under Biden-Harris... Now, do you see the problem? Times were much better under TRUMP. Sometimes people have to see the difference and feel some pain before they wake up from the effects of liberal policies.
Be careful what you wish for... If we get much cheaper housing, it will come at the price of a massive downturn in the economy, possibly a depression, where you'll be looking at today as the Good Ole Days. At which time, yes the houses will be cheaper but hardly anyone will have a decent job or have the ability to put food on the table. We all better learn how-to grow gardens if we want to eat. In addition, put away what PMs that you can, while you can.
Hey Freddie Smith, I am a somewhat politically active boomer and have been watching some of your videos with admiration and understanding for your words and cause. Please correct me if there are other methods to make the changes you suggest a reality, but voting in your interests is the only clear cut way I am comprehending. However, your posts and the comments on your posts are mostly anecdotal and aren't offering any political direction that you feel would benefit Millennials and Gen Z. Sooo, who or what do you want politically, e.g. in our upcoming election? Or, if there are other, non-political, ways of moving the country to give you the opportunities I had, what are they?
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@@ericgrantl I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 1.2million. I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
@@EdwinaLis Claire Robert’s Durand is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
@@ericgrantl She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.
I dont even want to post b/c this will be misunderstood and no matter what i'll get hate. I have mixed feelings on all this! I would agree there is some disconnect on cost of living and other factors the previous generation didn't have to deal with compared to today's world. I am a Millennial ...and i do see some of the challenges but dont compare the situation to the previous generation (i make lots of jokes against the boomers) and deal with what cards are provided. Lets push forward and make some tough calls and lets get ahead. Is it harder than it was 15 years ago. 10 years ago. 4 years ago. of course it is. We have consumers have to make tough choices on how we spend our cash. That is the key factor. Making tough choices and delaying and sacrificing to get to the overall goal.
Solution 1: these young kids don’t have to work so they have plenty of time to reproduce. Don’t need to be rich to raise kids and if u wait for the perfect time it will never come. Solution 2: rent or live at home. no big deal Solution 3: work hard and don’t complain. don’t waste money on things you don’t need. No one needs Netflix or more than one car or unlimited cell phone plans and date nights. Those and many more are luxury items. If you want these luxury items and/or are unwilling to work and save every penny, then you don’t earn necessities like a home and life insurance and paying off debt
This comment is sad because it's one of the VERY RARE times a boomer has something of value to say. The problem is, this is great advice...for the past. At least where I live, renting an apartment costs just as much, if not more, than the mortgage payment of a house. I work 55 hours a week with no complaints and barely get the bills paid. And no, an unlimited phone plan isn't a "luxury." We're not in the year 2000. My unlimited phone plan is $25. You literally can't get something cheaper than that.
If you have kids and are not financially prepared you're gonna get wrecked. Rent is going up too fast people can't keep up. Not every one has amicable relationships with their parents. If everyone has amicable relationships with their parents most people would be living with their parents.. all phone plans are now unlimited where have you been in the last 10 years.....if couples don't have date nights I will predict divorces to be on the rise.
Instead of being the instigator of hard feelings between the young and old why don't you figure out a way to help people of your generation buy a house. The negative does no good.
research and data hurt your feelings alot then? We need to talk about these things to fix them. Boomers are too worried about what bathroom people use.
@@RichieRage She's actually putting price caps on home affordability, something that Trump hasn't even addressed yet. Because his wealthy friends want the prices to go up even more.
@@RichieRage She actually addressed both, she plans to put price caps on the home prices. She is actively working to stop those in the market from raising home prices to unpurchaseable levels. She's talking about adding 5 million new homes for working and middle class people. Trump hasn't addressed ANY of those things.
@AgrippaMaxentius as the president's advisor why didn't she take action on this sooner? We saw the problem coming from a mile away, why is she now addressing this? She had 4 years! She also proposed 25k for first-time home buyers which is incredibly inflationary. What about our southern border? We have people from all over the world coming in from there causing problems for the locals in TJ. What about interest rates? Why is it that their solution to inflation was to feed it more? Why are all these jobs disappearing? Why is gas prices still so high? What about utility bills? Why are so many businesses closing under her administration? Look at the 99-cent store, look what's happening to CVS and Walgreens around the country. What about her comment on banning certain guns? Why is she trying to disarm law-abiding citizens while crime runs rampant, especially here in liberal LA and some other parts like Chicago? Why did she agree to undo Trump's child tax credit? Why did they raise taxes on the middle class? Why did she raise corporate taxes and now she's saying she will again, does she not understand it'll be a passed-on expense to the exhausted middle class? There's too much wrong with her and as a "younger side" millennial I feel hopeless.
Gen-X here. Everything you mentioned is exactly the same as when I was 20. The only real difference is the big recent run up in housing prices making it difficult to buy for first timers. My daughter is 17 now, so housing prices concern me too. All the other points were hard for Gen-X too. Getting jobs, having/raising kids, saving money, possible wars, actual wars, etc. I’m not saying to not complain, but you also have to take charge of your situation and make the best of it. I didn’t buy my first house til I was 30 and it was a small entry level house. I didn’t buy a massive house the first time. Set reasonable expectations and work toward them and understand it will take decades to achieve them.
"Because you didn't have the means to communicate" Yeah, the internet's been around for over 30 years. I get you don't want to blame them for everything, but all this shit happened on their watch, and _yes_ they could communicate
Biased BS. I don't know of any elderly person who screams at people to "work harder" or any of the other alleged affronts. What it comes down to is: "They have it, why won't they just give it to me?" Maybe I'm missing it, but I don't see any videos of poor old people--and they're out there-- crying about their sons & daughters refusing to help them.
Job: when you don't get the job you are educated for, you: (Boomer) work something else like cleaning or so (Later generations) complain and wait until a job is free
lol first 45 seconds talking about all this money that “left the stock market” last week. Yeah, it’s all come back since then. But I apologize. Wouldn’t want to ruin your rant with an inconvenient fact.
And yet...you're STILL complaining. Just so I have it plain: You complain about other generations complaining about you?? Well THERE'S an excellent business model!!
The boomers are the ones in power. This guy, is one guy, trying to bring all this to attention to people who don't understand what the issue is. He isn't complaining, he is explaining. Complaining does not address the "why" something happens, just that it's happened. Boomers complain about this generations attitudes, and it's complaining because they don't give a shit as to why.
@@zinkpiecoAnd WHY are the Boomers in power? Are you telling me there are more Boomers than there are Gen X, Millennials and voting age Gen Z combined? How many Boomers are in management positions vs Gen X and Millennials? Yes he is complaining. Maybe he should offer solutions.
@@danamarie8718 this guys entire channel is based off of giving statistics to back up all their claims, in order to convince those in power to do the obvious shit it'd take to fix stuff. Didn't think I'd have to spell that one out. Besides, informing more people is good. He doesn't need to know how to fly a helicopter to say it's crashed. He doesn't need to give a solution. Besides he does give some solution ideas in other videos
To everyone watching this. It’s always been hard. When I was 17 in 1985 I worked 55 hours a week in a furniture factory burning up in the summer and freezing in the winter for less than $200 a week. And no, you couldn’t buy a new car and a three bedroom house with that. You people are nuts.
I now live in a 3,200 sq ft 5 bedroom craftsman home. Fireplace, wraparound porch, beautiful woodwork, walk-in pantry, beveled glass oak doors. But it took a lifetime to accomplish. I have a much easier job today and I enjoy my work. I have a newer vehicle nearly paid for. I can afford food, I have a retirement account. But, again, it takes a lifetime.
Adjusted for inflation, your $200 a week figure in 1985 would be about $596 a week or almost $2400 a month in today's money. Just adding on some information for any viewers passing by.
PREACH!! I am a millennial and I disagree with most millennials. Nobody is really “working hard”. Until I see people post their 60-hour workweek paychecks, I don’t wanna hear s***.
