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>> but also usually have a lifestyle that requires a bit more than the average college grad I've noticed that an entire generation of essentially 0% interest r
by wintogreen74 4y ago
>> but also usually have a lifestyle that requires a bit more than the average college grad
I've noticed that an entire generation of essentially 0% interest rates has skewed this substantially. I'm in my 40's and I've scrimped and saved and have very few "premium lifestyle tastes", while many 20-somethings have lived well beyond their means financed for free their entire lives. Their expectation for the baseline standard is much higher than 15-20 years ago
- gabereiser 4y agoI'm the same demographic as you. 40s, not rich (especially compared to some other HN readers) but not hurting per se. I live well below my means. When I was younger it was a different story. I had higher tastes for things but couldn't afford them. I didn't go run up the credit card though just because I wanted it. I think that's the difference. Buy Now, Pay Later only applied to cars and houses for me.