(Closed) Generational Divide

posted 2 years ago in Family
Post # 138
Member
67 posts
Worker bee

This is the dumbest thing I have ever read. OP clearly doesn’t know what she is talking about. And penny is full of shit.

Where I live,  the average house price 20 years ago was just 5 times the average salary. Now it is 15 times the average salary. So tell me more about how house prices haven’t increased that much? Oh and there is NO WAY a bank will allow you to borrow 15 times your salary just FYI. 

Now again tell me more about how you can still have a child and either work part time or pay childcare and seek to borrow 15 x your salary while paying rent. Or 30 x your salary if working part time.

OH and maybe some people prefer to “play” while young and free rather than waiting until their late 40s even if they could afford to buy a house… what is your point?

Post # 139
Member
566 posts
Busy bee
  • Wedding: July 2016

I’m a millennial (29), have a mortgage that is half paid off, married and CFBC. I’ve got a good job and save for retirement but I’m unwilling to sacrifice what I find enjoyable today. We take about 1 big trip a year (try to keep vacation budget under 15k annually) which is probably our biggest budget buster. I have known a couple older people who have saved and busted their asses for retirement and died before they could enjoy it and I’m not willing for forego luxuries to theoretically retire a couple years earlier.

 

Everyone has different priorities. 

Post # 140
Member
857 posts
Busy bee

View original reply
bluesky355 :  OMG, that thread is such a train wreck. Yeah, penny is all over the place and she will excuse me if I don’t take ANYTHING she says seriously. She is so delusional and clueless it’s actualy quite sad. 

The thing that makes me really annoyed is, she clearly sounds like she doesn’t need Medicaid. No one talking about 43k rings, who drives only high end cars, should be on Medicaid. There are people who actually need it, who are struggling with real health issues whose finances have been wrecked by the high cost of medical treatments. She is some spoiled rich princess with wealthy parents who is abusing the service. People keep accusing the hard working poor of being moochers, and then begrudging them a livable minimum wage. I don’t even know what to say with this. 

Post # 141
Member
5538 posts
Bee Keeper
  • Wedding: October 2017

View original reply
techmom :  

On the plus side, if she’s using benefits that she’s not entitled to, and Medicaid does an audit, she will have to pay Medicaid back 🤷🏻‍♀️

It’s tough because it’s different when kids are involved so her daughter really could qualify, but she doesn’t know why they give her the benefits. So it’s hard to say

Post # 142
Member
3900 posts
Honey bee

I really love when Penny posts.  It makes my day.

Post # 143
Member
857 posts
Busy bee

View original reply
Sansa85 :  true, I wouldn’t begrudge a kid that. It’s just grating to hear the whole tired routine of being self made (and talking about buying a new car with cash while 16) when also simultaneously talking about how wealthy your parents are and how you were brought up to enjoy the ‘finer things in life.’ 

No 16 year who buys a new car is self made unless they’re in showbiz. 

Post # 144
Member
2334 posts
Buzzing bee
  • Wedding: April 2018

There’s a big divide between people who hadn’t graduated college before the GFC  and those who had. I graduated university just after the Global financial crisis. Couldn’t get a job, house prices are now out of this world and so is the cost of living.

The 1990s  were golden years. Also a lot more access to debt which is why global markets crashed.

I hate this millennial bashing. Happens a lot in New Zealand.

 

Post # 145
Member
3827 posts
Honey bee
  • Wedding: April 2017

The oldest Millenials are nearly 40, so I don’t think Millenial always means what people think it means. 

Anyway, I wouldn’t say that not having marriage and kids etc necessarily means you aren’t being an adult. It’s true that the younger generations are less likely to marry than previous generations, and they date or live together for a longer time first. But, as a result, divorce rates are way down because the people getting married are the ones that really want to. So that could be seen as a plus. 

Regarding kids, being CFBC is becoming more popular, I think largely because we know so much about how the world is overpopulated and humans are killing the environment. In my circles, people may choose not to have biological kids because they feel it is the most ethical and responsible choice. I find that to be a mature rather than immature choice. Or, they have kids later as they wish to be more financially stable first, which I think is also valid reasoning. Women are also more empowered than many previous generations and are able to have that choice, rather than it being assumed they want to be mothers. 

As for buying houses, PPs have covered that better than I can. But I think it has been established that the housing market is very different to what it once was. 

There are also other changes that could be seen in the light of being ‘adult’, e.g. young people are drinking and taking drugs less than their parents’ generation. 

The world is changing. There are different life paths open to people than there may have been once. Some life paths may be becoming more difficult than they once were. Younger generations doing things differently to the older generations doesn’t mean they are ‘adulting’ wrong.  

Post # 146
Member
2728 posts
Sugar bee

View original reply
nonablu :  yeah, my understanding is that “millenial” refers to people born between roughly 1980-2000 (though I think complaints tend to focus on the 20 somethings). 

Post # 146
Member
2857 posts
Sugar bee

 Closing this thread now.

The topic ‘Generational Divide’ is closed to new replies.

Find Amazing Vendors