DEBUNKING The Boomers | Millennial and Gen Z Have A TOUGHER Path Today Compared to The 1980s 

Yup, legally you can't have something without running water/waste removal. The only way to do something like that now is get land that has well/septic and put an RV/trailer on the land and build a house behind it. Which, 9/10 would be even more expensive than just buying a house. Plus, to get a loan like that takes even more income/better credit score, permits out the ass, contractors with licenses, bulk orders of materials in the 10s of thousands for each order, etc. We looked into and it's a shit show and unless you can find a plot of land in the middle of nowhere- its never gonna happen. It's so frustrating and makes me feel defeated.

@funsizedi88 you can either be homeless in a tent, or own a 3 bedroom family home. You cannot be anything in between. You are screwed or part of the 1%

well now a days youd be lucky if the city didnt condem your shack because we live in administrative police state not a free republic

@ericsmith6677 my uncle bought some land here in canda. Put a tent on it. And the government shut him down

You also need a million permits and the house has to fall EXACTLY in line with zoning regulations lol my grand uncle literally built his house with a few saws and a hammer lol his house had to be torn down when he sold it because it wasn’t regulation

⚡️⚡️

Hey that's mine too! My plan B is a tent in the woods

My retirement plan is the best bottle of wine i can afford and fresh bread with a 38 for dessert

Mine is just flat out leaving. F*** this mess.

Homelessness or refugee

You are right. He is not the typical Boomer. Most Boomers struggled hard to survive. They did not party all the time. They had it the hardest.

@@kevinstreeter6943lmfao

​@kevinstreeter6943 what do you call the 70s?

​@@kevinstreeter6943Found the entitled boomer

@@mernyr as in any generation, there were those who partied and those who didn't. I had a good time,

Not when I went.

So who supported you to get through college? Also how old are you? A house at $25,000 😂😂😂... These days you can can't even buy a garage for $25,000.

Right 👴

“I went to school full time and bagged groceries 5 days a week. Before I graduated I had my school paid off, bought a new home and bought a car. Why can’t you do that? It must be laziness.” - boomers

@@Walkinfaaaast I get it now. Yes, Boomer’s had it easiest. even my generation, Gen X had it easier than millennials and Gen Z today. However, the younger Gen Xers are in the same boat as millennials. It’s tough out there these days.

No it hasn't been turned off, but put further down the tunnel. Many see it coming, but few will plan for it. It's not going to be easy, that's for sure.

They couldn’t afford the electric bill.

My father always taught me, if you see the light at the end of the tunnel, get off the tracks because it's a train coming". He's a Boomer. Little did he know, his generation was the train.

​@@WyldStallion-bs9ooit's definitely much more complicated then that. The economy is a web of decisions. Immigration may be a piece of the pie. Definitely not the entire thing. Like immigration wouldn't be a problem if we had a government plan to build houses based on immigration

keep voting for the poverty pimps, aka democrats

... and median income then was $15,000, not $22,000!

@@user-dj6lx1ns2e A quick google search shows $21,000 for median household income in 1980. Still a bit off from the video, but not 15k

What? I mean I seem to remember that it was one income per family in the 50s for most people, but in the 80s? Hell, I thought most women in the 80s had gotten smart already and refused to be totally dependent on anybody! Still, over all I agree! Hell, with two incomes you should be able to put 1 income away into investments (I mean my fraternal grandfather was a skilled labourer (he had learned a trade) and he earned enough money to buy land, build a house, have 1 or 2 holidays per year, afford food and clothing and hobbies (and he had 3 kids, too)...sure grandma did work on occasion, but not all the time and they were able to afford a decent life without her working) ps: No, I am not in favour of housewives, I frankly think they are disgusting - but it should still be possible to live like that (and not have to live at the ass end of nowhere, because yes in small towns it might still work, but in places most people actually want to live? No way!)

@@dreamingflurry2729 Women working had a negative effect on salaries. More workers = more competition. Ironically they are still dependent and refuse to accept men who make less than them so relationship problems have only become worse. Nevermind so many mothers, like my own, neglected their kids to pursue their careers. With both parents working a lot of us basically were neglected.

That's crazy the role of women isn't to be just slaves to the home, husband and kids. No one acknowledges the sacrifice of the wife and mother and now in America they want to make it worse giving women no choice. Unbelievable

I agree, things shouldn't be nearly as expensive as they are. It's unjustifiable. Basic everyday cars aren't worth 30k, basic 2 story houses aren't worth 415k, taxes are forever a b*tch and groceries are driving more people to get on assistance because no one can spend a third of their income on basic food items.

ponzi

Yup. It is important to know the difference between price gouging and inflation.

So do they really need gold plated yachts and do they think their fortresses will protect them and finally do the elites have zero fear of God lol?!

This is why to gold standard was so important. You will notice the VERY MOMENT we split our FIAT from Gold Everything went up. Sure the 1980s were AMAZING but THEY SOLD OUR FUTURES then. Now its Unbearable.

I saw that Facebook post. It's made-up. I went and checked the actual numbers. I still believe the system is fucked but we don't have to invent numbers to prove it

He was using median numbers for a household (aka 2 contributing members). So yes, it does get halved :D, but for different reasons.

@@LegDayLas Median household income comes from 2 people, one may not have an income. If one person does not have an income they do not count towards individual income counts. Those make for interesting statistics, especially when you start looking at the very top earners and how their incomes impact what's shown as "general population stats".

Median already accounts for that. Look up what "median" means.

Median isn't average.

Boo hoo. Im 25. Worked in faat good ever since I graduated high school. Never took out student loans, never used a credit card. My work has a 4% 401k match that I took advantage of the day I turned 19. I'm currently worth around $400k, OWN 2 vehicles, and half of a rental property. I work 25 hours a week making hamburgers. Tell me again how well college worked out for you IDIOTS 😅😅😅

I don't think people understand how much better life could be.

And if you read between the lines, the Millennials who are "doing well" either had lots of help from family (both in terms of money and connections), they work all the time (70+ hour weeks), or they've gotten lucky and never had any major setbacks (health problems, layoffs, divorce, etc.).

"Just invest in bitcoin" is the updated version of "just work harder"

i tell all 18/19/20 year olds to apply for a council house now i got socal housing thank god

Asses

Ya, they're full of shit. My old man's a boomer and says his generation are a bunch of morons.

Animal farm would be a good read for them.

@@darlenegattus8190in my dads defense he was drafted into Vietnam. Current generations don’t have to worry about that (so far anyways). Not everything is monetary.

@@Budd631 true, so was my Dad! Very accurate point.

50s to 2000s in America probably the greatest time in history especially for the Middle class. Honestly though we all still have it better than 99.9% of human history and most of the world currently.

LIKE?

@@fkscopes Funny because for 99.9% of human history you could just claim a free piece of land and build a house on it... Sure overall it was much worse, but at least you could do that. Now you can't build a house on your own on land that you own.

​@@joeydepalmer4457 *You're blind*

@@fkscopes its weird you wanna complain, but at the same time you can't cause of what you said

Honestly, becoming an influencer is like becoming a rockstar. You have to know tech, video-editing, social media trends, creativity and you have to be consistent. Realistic? About as much as becoming a rockstar.

It takes nothing less than that level of success to make it nowadays. It is either that or become a corporate slave until you die.

Exactly

.1% success /99.9 failed corporate slaves. What other options are there though. Keep grinding but almost every influencer who tries will fail. Just like rappers, rockstars, sport stars.

It has a low barrier to entry. You don't need 20 years of experience to start lol

The foreign wars ain't cheap

"BUT DON'T YOU CARE ABOUT THE SCHOOLS?!?! 🤪" Classic property taxes.

Yes. Those zooming housing prices correlate with zooming property tax and insurance.

@@MrsWheezer they're correlated ...because they're correlated by definition. I've never lived anywhere that didn't collect property taxes based on the supposed property value.

And you will be paying taxes as long as you own the house.

Good luck I'm 30 and have given up entirely

It work for my generation handsomely. But home ownership is overrated!

All of the usual budgeting tips apply. Don't eat out all the time, set a budget and stick to it, refuse to buy a new thing because it is new, don't buy brand new cars where you pay for the depreciation, and don't eat out all the time. Go watch some of Caleb Hammer's financial audits of people. He can be cringe with the yelling, but you'll see the common pitfalls people end up in and find ways to avoid it. With meal prep and good budgeting he's got people on a balanced diet for around 300 per month per person in Texas. Most people in his show have huge problems with eating out all the time and the biggest place to make cuts is to that spending.

The average income needed to buy a median-cost house in the United States in 2024 is 117k. On a single income that is out of reach for most. However, you are fortunate. You do not have to do it on a single income. 117k/2 = 58.5k. If both you and your wife can make roughly 58.5k a year, together you can buy a house. You don't have to do it alone, you are a team. The days of the husband working and having a stay-at-home wife to raise the kids are mostly gone but home ownership is still possible for two people combining incomes.

Don’t fret bro this is just the reality of our generation. A “good life” for us is going to look different than what a “good life” for our parents and their friends looked like. The world is changing a lot and I think if we can get over the bitterness of not having the same opportunities previous generations had, then we can move forward and live pretty good lives. Maybe I’m too hopeful, but we’ll see.

Middle finger to those assholes

Important correction- they wont make anything better. They can and do print more money and push programs that make things worse.

not true there is deflation. down side it really fs it up for awhile. then start over.

As long as fractional-banking exist, on the long term, it can only go up. They create nothing yet still generate wealth. The way this absurdity adjusts itself is within the value of our money. When you take a loan, they charge you with the price of that loan + the interest. The money for your loan is generated out of thin air and effectively destroyed when it is fully paid off. But the interest still needs to be paid! Where does the money to account for the interest comes from?

​@@alexlindekugel8727deflation means economic collapse, like great depression situation. Its worse than inflation. Nah we are just screwed it is what it is no politician is going to save us, specially not pro business politicians.

Many of the politicians are the problem. They make so much money per year on a job many of them keep for decades and are so out of touch that they think the average American can live comfortably and happily on minimum wage without really having had to work for their living in the same way. Wouldn't it be a wake up call for them if they were forced to do their jobs and afford the lives they lead outside of work on federal minimum wage?

Maybe I'm the weird one here, but I don't quite see the value of new vehicles. Is it nicer than an older car? Sure, probably, but I don't think that that level of upgrade is worth all that extra money. Now, I also had to get my used vehicle during a very high time in the market, so I clearly don't have all the answers.

@@Thalanox I don’t either (I have a 1997 Toyota Avalon and 2010 Toyota Corolla), but this is just a fact in today’s market, same with the housing prices compared to incomes.

Yes, prices are totally insane. Back in Aug. 2017, I bought a used 2017 Dodge Journey with 3000 miles for $15,300 out the door. Almost 7 years and 75,000 miles later I can still sell it for $11,000. Something has gone astray.

@@covercalls88 I've known more than one person who could sell their years old used vehicle for more money than they bought it for.

@@Thalanox I did it 15 years ago when I sold my 69 Z/28 Camaro, but that was because it was a collector car. A few years a cousin of mine sold his Tesla for more than what he paid for it because it was in short supply at the time. My Dodge Journey was nothing special and what I paid for the 7 year old car included sales tax and transfer fee of over $1400 which I wouldn't get back if I sold it.

That's why I'm done working! If you see it the way that we all see it, then why even continue go to work in the first place? Seriously why even go I'm asking you? Because it seems like you're still going to go

I believe you'll be able to retire just don't fall for the marriage Scam!

@@andrelockridge9109 I have been with my wife for 14 years. Been through the most hellish things life can throw at you and she has been by my side through all of it, she ain’t going nowhere and she takes her role seriously. We are both very happy. So you can drop that mess

@@NeighborhoodWatchMann Because I have a family to support. I’m the man and leader in my house. It’s my responsibility. What kind of question is that?

@@deathtouchltd Damn, yea you have no choice!! youre tied up! You have to do it no matter what.

Yea but you also got to consider that your primary job in itself is already towards the "exception factor" and also include that your working THREE JOBS and STILL cant afford anything.

What is the company, a hot dog stand? How have you let yourself only make 76k if you're at the top of a medium-sized company? If your salary grew at a snail's pace all that time then maybe it was upon you to have been a responsible-individual-in-an-economy and move to a new job to increase your salary. Still though, I get it. I'm in the same boat too. The thing to complain about is: Why doesn't years of loyalty payoff as much as moving jobs? Why are workers forced to move jobs to upgrade themselves? Need to look at the scale of the company and whether it has paths of advancement available. If not, maybe some program where over time you get equity for the years of work.

Right there with you. I’m in the SF Bay Area. Good luck finding a home under $1M. Single female bringing home $98k annually. Still NOT possible.

Because there are 3x as many of them.....i think you are easily mislead by silly statistics

where is the proof on our production?

Glad you pointed this out. It is brutal, in some of the lower tier jobs, what you are doing is tracked down to the minute for compliance. Mid level tech jobs now require you to know and work with multiple programming languages, across multiple architectures and environments BEFORE you even start, while knowing and adhering to whatever flavor of the month development management scheme is in use. I have read work records from the 80s. A solid day for a middle manager was finishing the rough draft of a memo for someone else to type, hitting a couple of meetings and then going out to golf with clients. My dad was a regional sales manager and had a company car, typist / secretary, cell phone, paid relocation, and full health insurance coverage. I still have genx and boomer people I work with who need help because they "aren't good with computers", and write emails that make them look barely literate who think it is weird that I could "only" afford a townhouse at 39, and don't trade my 2 12 year old cars in for a nice reliable Tesla. I have worked so much, so many nights, weekends and holidays (which by the way, was also not a normal practice that has now become mandatory) that I am starting to feel permanently burned out, which scares me because I have 0 retirement savings and I know that I will have to work until the day I am completely incapable or dead, barring some miraculous windfall. Also won't be leaving much to the kids. It's depressing, especially when people just blame you for it.

WOW YOU HAVE NO CLUE. MY MOM AND DAD WORKED, I WORKED AND SO DID MY WIFE BELIEVE IT OR NOT

​@@joeydepalmer4457 Were you the only family back in those days? Stop being ignorant and think with that skull sponge you have instead of showing your lack of intellect

Thank you. It helps knowing there are people out there like you

Thank you for realizing! It hurts so much to know that a lot of this is fact, but for some reason it's our fault LOL

Don’t worry, I do blame your generation.

@@deltacharlieecho4732 you are right to do so. I am literally in the last year of being a boomer and I have spent quite some time waiting for boomers to die off. But here we are.

@@SqueakyBarbarian Western civilization, a culture that has done nothing but rapidly advance for 2000 years has been destroyed by a coordinated effort between boomers and feminists. Unfortunately if you’re even adjacently associated with either group, I have no sympathy for how you will be viewed historically. Frankly, you’ll be on par with nazis and communists.

Just to be revived and put back to work lol

My question to you is what did you learn in school? What did you do in High School to prepare yourself for a career in the trades or college. My son is about your age and he planned out his career path in high school. It didn't all work as planned. But he managed, him and his wife have good jobs, two kids, and a home.

My son is 37. I often tell him to prepare for retirement. I suppose he’ll figure it out. He’s doing exceptionally well financially with his career. No college, just a stint in the Marines and hard work there after. He just works, and works, and works. He has a family, so that’s what he has to do. He’s a man, he’s a husband, he’s a father. He doesn’t put faith in anyone to provide for him and his family. He just does it himself. No belly aching.

​@@covercalls88 I have two college degrees, one in digital front-end design and one in communications, I also have 25 sertidicates for professional hosting. I am in the same position as the guy that made the original post. I will ask you a counter question : Who does your son know that is helping him or helped him by virtue of having that connection. Truth is, it's not what you know, it's who you know. So who is it your son knows?

​@@Bob-ko6bh What does he do for work? How did he get into that position? Aka, who does he know that made that possible?

Need? They were extorted for it.

But it’s o. K. To pay into it just for it to fund millennials and gen z’s mental illnesses? That’s not what it was meant for. And no gen x didn’t get through it. We’re paying for it now yet we’ll never see it. I agree our country is way off track. Gen x spent all their money raising millennials and on participation trophies aren’t cheap when everyone gets one. I feel your plight millennials and gen z. Maybe you should think critically before you vote for someone just because his old ass caressed your ego and feelings. Funny thing is gen x either gets forgotten or blamed for your problems. We took on responsibilities at 10 years old that a lot of millennials still can’t handle or comprehend. Every action has a consequence whether it’s good or bad. Let’s take control of our country now before the politicians destroy us all. Quit crying over feelings and come back to reality where pride was something you showed through your accomplishments not because you feel entitled.

😆😆😆 Yeah right! Retired early &Debt free! Of course I'm going to collect my Soc.Sec. when I turn 62 later this year! Son what are you smoking?! I payed into it,grab it what's coming to me before the system collapses! Tootles😁😁😁

@@andrelockridge9109 I think he wishes you will just donate it. A million bucks or more may not last as it can easily be chewed up by medical expenses or inhouse care if you need it later.

​@@andrelockridge9109 Maybe if your generation had more children than we wouldnt be in this mess 😒

No it's not really the phones and streaming apps. Boomers are looking at the general saving and spending habits.

​@@covercalls88 no phone or streaming app will afford someone a HOME if they abstain the other things. For the younger gens, we HAVE to make life worth living now with things like streaming apps, because we can't have anything to realistically work towards or look forward to. If I knew cancelling Netflix and keeping my old phone forever would guarantee me enough for a house in a decade, of course i would do it happily and look forward to it, but there's no point even trying now so streaming apps it is.

@@cosmicllama6910 I made a mistake I should have stated It was, " just not the phones and apps." The millennials and GenZ does have different habits. They are going to have a harder time of it and it is going to get worse. I built two other steams of income besides the salary from my main job, thisv allowed me to spend a little extra and save/invest the rest of it. So when I got laid off the money saved helped me through a rough patch. Even in retirement besides my stock investments, IRA, Roth IRA, and SS I keep one of my old streams of income going in case SS goes bust. Netting about $350 a month for 8 hours of work.

​@covercalls88 this. Between inflated housing expectations for a house (1600sqft in 1980 vs 2400 today) and life style creep (eating out all the time, new phone every year, subscription services, etc) there are plenty of places to shave in a budget. Watching Financial Audits on RU-vid, people have jacked up spending priorities. Just cooking at home eliminated some 500 dollars of spending in my budget every month. That's a lot. I only made 75k last year.

​@@Whiskey11Gaming There are people who do exactly what you say. Have multiple jobs. Yet still struggle. When 75k isn't enough to live comfortably there's a problem.

They really did get theirs huh. Got my house, no more houses! Got my career, no more entry level jobs! Got my investments, no more taxes for cashing out!

They all have their war stories too! Eating baked beans for years and no power lol but they forget we were there too and its just a way they can brag to us they got their cheap house and it's fun to brag about it

“I got mines” is a black expression, not boomer.

it is beyond comical how dumb communists and Marxists are. it's like they have never studied a single communist or socialist economy at any point in history. Every generation is becoming more narcissistic, entitled, and lazy. You argue for policies that create the problems you think you're going to alleviate. Why is it that the left wing cities are the most expensive, crime ridden, filthy, violent places in America? Democrat policies have caused MASSIVE inflation, so all of that money Boomers saved over the past 50 years lost 35% of it's value in just 3 short years of Joe Biden and open border policies. Imagine dedicating 50 years of your life to working, then retiring, and here comes Joe Biden. You had banked a million dollars to retire, expecting to live the next 10-15 years quietly in a downsized florida condo where the cost of living is lower than where you worked. Then Biden opens the border, starts printing money at unprecedented rates, funding genocide in Gaza, wars in Ukraine, Yemen, and Iraq, has us on the verge of WW3 funding war in Ukraine, and that million dollars is now only worth 650k. Literally more than a 3rd of what you saved just evaporated because of left wing economics. It amazes me how intellectually stunted Communists and socialists are. You contribute NOTHING to society.

The boomer generation told us, "sink or swim". While sitting in a lifeboat.

Nobody "hates" you for you age. It seems more like hatred of Boomers that's being pushed today.

i fall asleep at night hoping for door #3 lmfao

That sums up my parents too. My dad passed and my mom is left and I only call her once a month to make sure she is still living basically. The moment they had no kids on the house they sold their home and moved across country and told me and my sister that they didn’t want any visitors…

Damn you two sound f’n miserable. Quit blaming others for your own inadequacies! Do better!

Having a strong family unit, including your parents and siblings/relatives, is a huge boon, especially if you have kids of your own. Sorry to hear your folks aren't as supportive or caring. If there's anything I've learned in life, it's that money is temporal and fleeting - relationships with your kids and spouse are paramount.

don't be hospice care kid. don't help them unless on a deed first. "married" starting to see your problem "4 kids" THERE it is. Other people shouldn't fund YOUR loin fruits. You don't get to blame your parents for alcoholism. Please. I had a bad childhood and never been drunk. You don't have contraception intelligence, fellow millennial here.

@@briankier2189 didn't wany any visitors? stop calling then. you can't check if they're alive once a MONTH. take a hint buddy, you've been dumped. a lot of kids are being dumped by their boomer parents.

Minimum is $7.25/hour in my state, they'd get away with $5.15 if federal law wasn't $7.25.

@@LynnFurDaWin3 It's so bad everywhere you go and they confuse you by making up different rules everywhere you go lol I'm sorry guys I hate the state the world is in right now, I hope you all stay safe and sheltered and keep your heads above water cause that's the only fighting chance we have

It's rough all over and there's lots of people tryna say it's not. It's not fair to anybody. I hope I can see it change in my lifetime but history shows a sorry track record.

@@GloomTrap Tell me about it. I have a Culinary Arts degree and 9 years of cooking experience. Yet, these cook jobs are offering $12-15/hour and they require a degree and 3+ years of cook experience. I rather not work 🤷🏼‍♀️

@@LynnFurDaWin3Yeah ikr, it’s bogus.

Yeah and having young people die for small hats

@@UnorthodoxJedi The Banking Cartels with their credit cards.

​@@UnorthodoxJedi The oil moguls and their offshore estates.

Well yeah in their minds they are the final generation [even the ones who had kids and often especially them lol] what with all their hedonistic bs and various vast social changes they truly thought they were part of some great change they were but as all hypocrites not the one they thought they were the start probably of the end

Most boomers and millennials don’t believe in ww3, they just drink and waste away don’t think about it

And nobody needs to be working 40 TO 80 PLUS HOURS EVERY WEEK

Because it is a system that, theoretically, is for the wider benefit of society. The issue isn't that you should stop paying social security, but rather that the system should be fixed in order for that money that you're putting in to actually mean something in the grand scheme of things.

Lift the pay-in earnings cap and it will be solved overnight.

That case basically made the dystopia latrine pit we live in today. It is antithetical to how capitalism is actually supposed to work. You know how to make copper wire, right? Just toss a penny between 2 shareholders. It doesn't help that our anti-trust laws are actively being ignored and insider trading is everywhere.

@Razzy-sr4oq I also think that our "anti-trust" laws are explicitly being used as weapons against companies that actually care about the consumer. For instance, Valve is currently being sued for having an "anti-competitive" clause in their digital merchant contract that mandates that IF you want to sell your game on Steam, then you need to keep your pricing consistent between digital platforms. Sure, it doesn't let you manage your prices across sites differently, but that's the point. You aren't going to be able to sell on steam for $40 and a third-party site for $20 to get sales up and scab out differing competitors. In terms of terms, you also can't do the opposite by boosting your price on a limited access digital market(like xbox or psn) just to make more of a profit due to lack of options. Keep in mind that the contract clause only applies IF you want to sell on Steam AND another digital market.

you can't blame the Supreme Court for that; they were just following the law. you CAN blame Congress though; they MADE the law.

The case you are thinking of is Henry Ford vs. Dodge, to which it is half true that the Supreme Court sided with the Dodge Brothers. The truth is Ford had essentially priced even smaller businesses out of the market and created a monopoly. They also said that "maximizing shareholder value" was stupid and only agreed to break his monopoly on the market. The only people who were happy with the decision were the Dodge brothers, and the other shareholders were also pissed because they would make less money in the long run (it was completely circumstantial) 😂

That sounds about right, corporate executives/shareholders are the greedy parasites that create a large part of daily problems.

Nobody talks about the disabled, especially people that are really really disabled and have no job prospects whatsoever, not even some part time gig work the country has done basically nothing to have anything for the disabled If you don't have any family, that cares, and you have severe disabilities , all you can really help for is a low income apartment that's not take it over by gangs full of former drug addicts or alcoholics And that's the future for many millennials right now Do you want to be independent from your parents? The best you're going to get is a low income apartment. Forget having children children, forget having a house Oh wait you're low income and you want state insurance? Better hope that you don't get married I live in one of the better States for Medicaid, and if you're married , you're not going to be able to get it, unless you make less than $2,268 a month combined It's unfathomable to me that used to live in a time where a man could actually get away with working one job, without a college degree and actually support his children and the wife To have circumstances where people who are making good money, struggle This country is a failed state The Boomers walked into the easiest economy in history, didn't appreciate anything, and complained that we are not working hard enough, when their adult children with good jobs are working themselves to death, because everything costs many times more than it used to What a sick joke

YES this, all loans are inflation too so people paying their bills and mortgage on credit cards for "points" like arcade tokens ALSO cause inflation.

It's mind-blowing that individuals have to compete with banks, corporations, investment groups, and foreign investment groups.

Population: 226.5 million (1980) Population: 333.3 million (2022) No, Corporate property ownership is not the problem. What is the problem is not having enough housing to meet public demand. That's why high rent prices are at an all-time high. However, inflation has also played a role in rental costs, as the US Dollar doesn't hold the same value as it did 40 years ago.

​@DMH51 plus we are inflating the supply of USD, which is debating it's value. I'm not even going to start in on how we are importing illegals which is eating up the already small supply of apartments.

​@@danielc-s8056we need labor because people didn't have kids though, those illegals are replacing the children we never had. Without them social security will collapse. We are trapped in a lose lose situation, the only solution is to build housing since population collapse is even worse as there are way more older people than younger people.

Just move away from the city. Get a usda loan. Look on their website

@@skippyzkAlways the answer - move away from the places where you’re more likely to have more work options. I work in Cybersecurity and now live in Arkansas because I took a promotion which included a transfer. Housing is definitely more affordable but not much else. Also, there is 0 public transport here so I have to own a car and have insurance, put gas in it. In NYC $180/mo metro pass is all you need. So what am I really saving? I looked to see what opportunities are here in my industry and they are severely limited and if you’re starting out in this field, you’re making $30k less than what you would elsewhere. So telling people to move without knowing what they do is not well thought out advice.

As a whole, the boomer generation really didn't care much for their kids. Yes, yes, yes, there will always be exceptions so don't bother coming in with "I'm a boomer and I'm not like that" but the evidence is there in the stats. The weird thing is, they seem almost gleeful that their kids are inheriting a broken down wreck of a society that they voted for.

We will never see it.

Location,location,location!

​@@andrelockridge9109tell me a location where i can buy a house (even a small fixer upper!) For less than $100,000 CAD. Id love to know

cap mortgages at ten years, recessions happen every ten years

Yes, housing will never be "free", it's still drastically cheaper to pay rent to the government (property tax) than it is to pay 10x that to a private entity for rent.

@@LegDayLas But it takes decades to pay off a mortgage. In the meantime, a private entity is still getting money from you in the form of interest.

In most places, when you reach a certain age you can have your property taxes capped so they won't continue to increase. If you are still renting, it is very unlikely you will be able to retire as rent will continue to outpace your income. It does take a long time to pay off a house but it's worth it. And worst case scenario, if finances become tight you can always do a reverse mortgage to supplement your retirement income. Home ownership provides a lot of different options while renting will do nothing but drain your bank account.

I’m honestly just gonna rent in a place I like living lol

@@Ant794 Amen.

14%. Zoomers have about 14% of the purchasing power that the boomers had at the same age.

Absolutely shit

how dare you ask the forbidden question

Food and car expenses have far surpassed the increase in salary as well, just like the housing prices.

nah tax capital gains

@@seabreeze4559 You can't tax capital gains above 20% because the world is in a giant mexican standoff. Any nation with a high capital gains tax loses investors to foreign nations with a lower capital gains tax.

Don’t believe his malarkey.

Zoomers won't either

Yup. A good chunk of Gen X probably won't either because it's starting to run dry already or isn't enough to live on.

They can, but they have to plan for it. It's not going to be as easy as it was for Boomers. My sons are on their way to more secure retirement by saving into 401k, Roth IRA, building a side gig from one of their hobbies, taking in $500 to $600 a month pocket money.

@@oopurpledove So math isn't true as long as you put your hands over your ears, close you eyes and say "lalalalala I'm not listening". Fuck off.

Amen

No, it's how boomers vote. Boomers voted for the people who are destroying our future

If there’s an investor in your neighborhood looking to turn 8 or 9 single family plots into a 6 story high density apartment/condo building…you’ll be voting FOR it, right? Even if it ruins your view? Even if it makes your 2M house only worth a measly 1.6M? Right? Right? Or will you nimby out like the rest of the boomy’s?

Most rental units are owned by boomers, yes? So this system is working exactly as designed. And most houses are owned by boomers, yes? Again, working exactly as designed. What most people don't get about "the unfairness of it all" is that giving much of your money for housing to the previous generation is feudalism working exactly as intended.

You have a short memory! Don't remember '73 oil embargo,stagflation,'79 Iranian revolution/oil shocks. Recessions of '80 & '81. Interest rates of 21+%??

😂😂😂😂

a lot of men resent being the breadwinner

He made enough money to support a wife and family on his own income alone, and had a wife that loved him enough to cook and clean while he was at work? And he was miserable? Your dad didn't appreciate how blessed he was.

That was idiotic and a shamefull lie..Stop using the internet..Go cry.

serfdom

Im 61 born in1962. At the tail end of the boomers. In 1984 when i was 21 years of age, articles, television shows and newspapers all said there was not going to be any retirement money for me. My parents and others there age and they weren't boomers all said to work harder and work two jobs. Nobody's blaming the generation before boomers. My great aunt who was in her mid fifties when i was 21 kept telling me to work harder. So there ya go

You are very sweet! It's rough for us younger people. I had to live in a 5th wheel for 7 years with my husband to save for a house which means we had to put off having a baby. We planned a pregnancy in the last year that we lived in a camper and we lived the first year with our baby in the camper because covid hit and everything got delayed to get approved for the house. I was terrified to go to a hospital because many of them turned into kill shelters so I set up labor/delivery at a birthing center but they said they would take me to the hospital if they felt they needed to so I labored in the camper for 32 hours and went to the birthing center right when I knew that I would deliver within the hour so that I wouldn't be admitted into a hospital. It's been rough but we are finally living in our home!

Good man. God bless you

Boomers had more time to work as they weren’t online 6-8 hours a day.

@@BB-qi2wm Thay didn't have more time, lol... They actually had to go the bank when we can do a deposit from home, they had to go to the store for everything, we just buy off Amazon... They had to go to the DMV to renew their titles or car registrations, they had to go to the insurance place to buy car, life insurance, we just go online. They had to go to the mattress store to buy a mattress, I just purchased mine online, you get the point... Lol 😂

It's not all corporations, it's the ones in control of the money supply and the ones outsourcing labor to foreign markets. Dollar devaluation is the one linking factor in all of this. Very few see it.

Sometimes code for "I don't want to hear the truth."

@@benzzc3626 lol cope harder.. its a meme because all of us know people like you who are completely delusional

But they voted for Biden the senile potato who caused the giant inflation. Lol

I’m 38 and have a graduate degree but can’t afford shit

did you ride the short bus to school bud millennials wont retire it runs out in 10 years millennials will be late 40's not mid 60's dont feel bad you were only off by 20 years lol

I abhor when people say that on a jobsite. They never actually mean, "do it in a more efficient way." What they're always trying to communicate is, "Do it the way I would do it" I'm not saying you mean it that way, that's just the only way I've ever seen it used in person

@@rayzerot100 agree ^

And when thats not enough any longer lol?! we need large change

No shade on your wife, but I have known people over the years who worked that system. Not everyone drawing should be.

They count people with a mortgage as owning their home, which is just bs.

This

Older people cost more because XP grind

Still have guys at my job well passed the retirement age. And its not bc they can't retire its bc they like the money and taking all their fancy trips and vacations. They basically take off whenever they want and work bc they dont know how to do anything else. Its almost like a hobby for them. Its sickening.

​@@Tom_PoFolkExperts at gaming the system.

​@@Tom_PoFolkhonestly i love when old people want to do something and stay productive and involved in their retirement... but why can't they just volunteer? Why do they need to take paying positions away from people who really need it?

We are so Fed, stick markets at ATH and gen Z can’t afford to buy in, they soooo want to dump on us, this is my theory, buy BTC ❤

they dont want to

They dont care. They did this to us on purpose

I am a less that desirable apartment that took nine months to find. I was turned away from so many for not having three times the income for an apartment.

Boomers overall don't understand incentives.

empty bedroom tax, refund homeschooling parents or single people for school taxes via property tax etc. force old boomers to retrain or retire

Pacifism is the worst plague that infected people. If some heads rolled for a while, the government and companies would start serving the people again.

@@seabreeze4559 They can collect all that extra tax money and give it to Ukraine or illegal aliens. Great idea, collecting more tax money always does great things.

Now you're lucky if you can find a savings account with a 4% interest rate. Most are below 1%.

@@Lonovavirthere are plenty of mainly online only banks that have 4%-5% rates

@@smnbrgss Yotta, one of those banks, is in serious trouble right now because they can't file for bankruptcy and can't give customers their money. It's literal theft, and the news isn't covering it.

Funny how that is huh? If we owe money to the feds, we owe those high interest rates, but if they owe us money we have to just deal with it.

Bullshit on savings accounts yielding 20% in the 80s. Not even bonds and cds went that high. A 3 month cd peaked at under 16% in 1981 and dropped below 10% after 1985. You’ve also left out the part where mortgage interest was sky high. How good is that down payment on a house with 18% interest on a 30 year loan in 1981? Have you also not looked at 1980s inflation? 😂😂

My Apartment was 950 in 1989 in California. It was 420 in 1980 half my take home pay as an engineer after taxes. It was 350 a month in 1979. Neighbors said it was 100 bucks in 1971 when built. The Gambit many folks did "Not from the USA" was have one person rent say my "420 bucks in 1980" apartment then 3 families move in. So maybe 5 to 10 folks working and saving money. Then they buy a house in a few years. Guy working 40 hours at McDonalds and 20 to 40 at Jack In the Box and walking to work,. Also wiring 100 a weeks to parents outside of the USA. So when I moved in my apartment the Apt maintaince chaps had always some trivial repairs. ie to really spy and see if you had dozens of folks living there

Absolutely, been saying stuff like this for a long time.

It makes sense and it would be effective immediately. But lobbyists will never allow that to be true.

The worse offenders are the big companies. As far as regular people, if you live in the US sure you can buy a house, if you live in China and are PERMANENTLY moving to rhe US sure you can buy a house. If you are a foreigner and want to buy a house as an "investment" or vacation home then no.

Too many citizens are in the real estate business. This will never happen.

homes only owned by persons, not companies inc LLCs and you cannot increase rent until after the lease is up, the french do that

You should do some research on the investment landlords have to put in to maintain a rental property.

I earned $5.15/hr when I started working in 1998 at age 16. What location are you in? $14/hr sounds incredibly low. I thought I was earning a low income at $23.50/hr. Most of my friends my age or 1-2 years younger are pulling $29 to $47/hr now. I spent too much time waiting tables and bartending in my 20s/early 30s and that hindered my upward mobility in income in recent years since I left the restaurant business in 2018, but I am living comfortably, but have constant credit card debt that I can't seem to get down to zero because of car repairs, house repairs etc.

Precisely. It is greed. Corporate greed ruined the US economy. Deeeeeepppppssssttttaaatteee greed lowers the value of our money. FDA and pharma greed keeps health care costs at a near insane level. Food company greed has stripped "food" on supermarket shelves of nutrients that actually sustain life and promote health. You are absolutely correct. It is greed!

@@djrickyb The question is: where are _you_ located? This is an absolute case-in-point about the _vast_ economic disparity across the US. In my own little rural town, making $23/hr is almost impossible, yet somehow, people still manage to eat, pay rent/mortgage, power, insurance, car repairs (I just spent $800 on mine), etc. You might consider researching why that is, and think about how the quantity of money one earns is not as important as the _quality_ of life that income affords. Recently, people have explained to me that they could save money by moving, but they won't, because "that location isn't desirable enough" - I say, if you have a problem, and someone offers a solution, don't immediately throw a roadblock in front of yourself. Look honestly at the option before dismissing it. People often are their own worst enemies because they let their desires (and biases) control their thinking. Good luck to you!

It's inflation. The government spends money it doesn't have while continuing to print more and more money.

Another way to stick it to the psychopaths is to NOT have any children. Why bring them into a world for them to undergo inhumane hardships too?

Damn! Future might be bright! Western hemisphere & South east Asia both have healthy demographics and will be the economic driving force for decades! Most Europe & China/ East Asia will face a sharp decline!

That's my plan too, hopefully i'll be good enough at fishing by then

Owning a house is overrated. If I could go back I would’ve just rented. I’ve been living in my house for 11 years and put 18% down payment and I still pay $500 a month in it just interest alone.😢 Just paid $7000 because the roof is falling apart but I thought if I had a landlord they would’ve paid for it. Just rent!

Although not all boomers are like that. Most seem to be... Either way it's not looking goodt.

So was Gen X Wage disparity spread increased a great deal when Gen X started hitting the labor mkt as young adults. It was the beginning of families needing two adults to work to afford to raise a family of four, buy a mn avg. house, a car and save for college and a vacation . Those things boomers and silent generation could do with one household income.

I remember back in my day the sweet spot was 25%. Mortgage, home owners insurance & property taxes total no more than 1/4 of gross wages.

Yup, it still wasn't great. Now it's just full blown dystopian.

Exactly it's cheaper and better to live in another country

Keep in mind the government wasn't as intrusive in the economy back then, so the minimum salary wasn't a big factor at that point in time.

@@badass6300 The government became highly intrusive in the economy in the 1930's. That's how the Hoover Dam got built. The government was a massive employer. Learn about American history.

I think we have a need to change our work and life balance. Bo reason to work like a dog for a company that will treat you worse than a dog.

Everyone says government but leave states and cities out of it

I speak as an American but have you talked to the average American? Prospective isn't a concept to most and have the reading comp of a child with the emotional maturity to match for damn near any single thing. From explaining to boomers that I struggle with 40 hours to explaining why someone younger is wrong.

90% right. Until they ask papa FED for HUD loans and your stuck building "affordable" housing. NJ in a nutshell

I agree.