4 ms·
I think it's cutting in at both ends of the economic spectrum as well. For millennials the world over you have a choice in your early twenties - you can get a d
by seem_2211 8y ago
I think it's cutting in at both ends of the economic spectrum as well. For millennials the world over you have a choice in your early twenties - you can get a degree, move to a big city and focus on your career. This means you probably get married/start settling down closer to 30, and limit yourself at 1-2 children (if any). Or you can stay closer to where you grew up and focus on your family at a younger age.
The American situation is increasingly sharp on both ends - if you're making $40k as a household in rural America, you're financially screwed if anything bad happens to you - in ways that aren't even relevant in other countries (thank you no state healthcare / no maternity leave), but at the top end, you're also pushed out - because you've graduated with $40k + in loans, and can't buy a house for less than $500k+ (and what, $1m+ in the Bay Area).
Structurally things are very bad for millennials. But things will change - it's never as bad as the news makes it out to be. In the next ten years the voting power blocs will change, and politicians will be forced to change policy in our favour. I only hope we don't screw the coming generations like the boomers did for us with their lack of foresight.
- anoncoward111 8y agoyou could buy a reasonable home for about $229,000 in many areas with some jobs, but even that is still a massive financial burden that is not easily solved with "just get some tenants" Back in the day, house prices were 1 year's salary. Now it's more like 6-7 years of salary, with a high tax assessment and no job security or pensions too. Sent from my car