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Back in the 70's and 80's people were pretty frugal. The average person was experienced with Lay-away, balancing checkbooks and not a lot of people had credit (
by pookha 4y ago
Back in the 70's and 80's people were pretty frugal. The average person was experienced with Lay-away, balancing checkbooks and not a lot of people had credit (high interest rates). What you're witnessing now are just older people that have a lifetime of work accrued and are just trying to enjoy what they have while they can. You'll probably do the same... But in no way shape or form are millennial's in a worse place than people were in the late 70's early 80's. I'd argue thins are considerably better thanks to the wide availability of tech jobs.
- WastingMyTime89 4y ago> What you're witnessing now are just older people that have a lifetime of work accrued and are just trying to enjoy what they have while they can. You'll probably do the same... That’s simply extremely untrue. You can delude yourself if it helps you sleep but this is factually false. People born in the 60s were the beneficiaries of policies which just don’t exist anymore. They grew in a context of full employment at any qualification level and with career paths towards higher pay which simply don’t exist anymore. Education costs and especially habitation costs both outpaced inflation widely. Tech jobs are such a niche it’s barely worth mentioning. The situation is even worse where I’m from in Europe with social systems having been utterly mismanaged for decades and a total refusal to equitably address the situation nowadays. And let’s not talk about the brain dead decisions taken by this generation when it comes to sustainability which millennials and gen z will now have to solve.