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.)
Exactly.... the bad economics of the last (lost) decade was the fault of previous generations.
And the thievery is just now getting started too.
In the not-so-distant future the baby-boomer generation will begin to wholesale rob the younger generations to pay for their retirement. A true Ponzi scheme.
Any wonder millennials feel like they can't get ahead?