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Is this article implying that previous generations did not have assistance from family? Were families too poor to help in previous generations, but now are bett
by jarjoura 8y ago
Is this article implying that previous generations did not have assistance from family? Were families too poor to help in previous generations, but now are better off? I'm a bit confused on the take-away here. Instead this reads as a smug piece about how lucky some families are to enable their children to live better lives. The article isn't even framed as a matter of them being lucky or not. It's as if we're supposed to feel bad that these people aren't making enough to support themselves.
I certainly didn't have any help from my parents. So hearing that my peers did during all the pivotal moments in their lives certainly feels heavy.
- cflewis 8y agoI think most Boomers didn't have financial support, and they didn't need it: their wealth accumulated at a faster rate than large expenses (college, healthcare, housing) grew. Those large expenses are now almost all exhibiting bubble-like costs, but probably aren't bubbles. They're the new normal. Millenials, and at least the generation after them, will need financial support to live similarly to the environments they were raised in.
- oldprogrammer2 8y agoIt wasn't so easy for all the boomers. I remember my dad losing his business after he lost a loan during the S&L crisis, and I remember my parents struggling to afford a 3-bedroom house in 1983 at something like a 16% interest rate on the mortgage. And I'm sure they remember gas lines during the 1979 oil crisis, as well, even though I don't.