Originally Posted by
blastoff
Our forefathers did such a good job making the first 25 years of our lives a cakewalk, that most are unprepared for the demands and hard work to be done in the real world...and then guys live with mom and dad until 29, and flounder in the workforce through their 30's.
I completely disagree with that. People of the X generation moved home because they had to not because they wanted to. In the late 70s and early 80s a person graduation from college could almost walk into a job that paid 18k-25k. Flash forward 10-15 yrs. The employment market became tighter but was still pay the same 18k-25k salary while most other cost of living items had gone up significantly. That 6k car in 1980 became a 28k car in 1995. Same 18k-25k pay but much less purchasing power not to mention getting a job straight outta school was mostly a pipe dream except for a lucky few
I wished I could have live at home and saved a few bucks when I entered into the work force. It would have helped tremendously financially but for me in the aviation biz, it just wasn’t possible.
Now we have the same people that had it good back in the late 70s and early 80s that are now well entrenched into upper management, They give themselves huge bonuses while cutting workers pay and outsourcing to offshore companies to slash costs even further.
Gen X is the first generation that will have a standard of living lower than the generation that precedes it.