Originally Posted by
PotatoChip
https://www.investopedia.com/ask/ans...-years-ago.asp
This is why many have moved back in...
The cost of housing has outpaced that of regular inflation by nearly 50% while wages have barely kept pace with inflation. A dollar today has significantly less buying power than 20 years ago, especially in regard to housing. Those are facts. How can you blame that on millennials?
I won’t be even get started on the cost of education (over 300% increases) and the fact previous generations have made the bachelor degree a new high school diploma for many entry-level jobs. Before you cast stones at an ENTIRE generation, please take the time to understand some history.
(I’m not, however, defending college “safe-spaces”, that’s just ridiculous.)
Of course I don’t mean to mischaracterize the whole generation, but many of the ones I know are just usesless as hell. Try getting any of them to mow a yard or paint a room.....
And come on, mommy and daddy paid for college-every cent.....
We all had it rough when we were starting out, but our expectations fit reality better. These snowflakes all want brand new cars and they want a closet full of 10k worth of clothes plus the latest 1k phone with contract.....
Every single millennial I know has had a cellphone less than a year old since they were in the 5th grade (or earlier,) and mommy has paid it plus the contract. Plus the new car. Every single one I know. (None of them has ever paid one cent toward their communication/internet surfing fun.)
There’s your house payment.