5 ms·
It must be miserable to be in your early 20s today. The prospect of high student debt, more competitive job environment, polarising of wealth, a housing bubble
by benjaminwootton 12y ago
It must be miserable to be in your early 20s today. The prospect of high student debt, more competitive job environment, polarising of wealth, a housing bubble that perpetuates here in the UK. I'm only early 30s but I'm glad I was born when I was.
IMO You really can't underestimate the importance of that last one, the property bubble.
In the past young people could strive towards buying their own place, starting a family, climbing the ladder, but that's so far out of reach nowadays that many people can't even hope to play that game.
One of the big drivers in many people's lives has been pulled out of reach.
It can all feel like a treadmill even if you're in a good job so I can see how young people who aren't working in a hot industry such as tech in a major city to feel this way.
- pawelkomarnicki 12y agoI don't agree that life now feels like "treadmill" — life is what you make of it, if you live just to score fancy abroad vacations, buy new phone every year and wear 10 pairs of Tommy Hillfiger jeans... well then your life is a treadmill ;-) It's a matter of perspective and focus in life
- Afal 12y agoIf you don't mind me asking; are you one of those people who use the word "Millennial" unironically?
- lrem 12y agoDid you notice the key point? Property prices. They are out of reach. A friend from my last office wants to buy a home. He has essentially a guarantee of lifelong employment, with a salary that today equates to something around 3000€/month pre-tax. He wants to own a small house in the neighborhood where he's renting now. But he's searching for a few years now, as he doesn't want to pay a million for it. Yup, 27.7 years of pre-tax salary for a small house. And mind you, this is not even a capital city.
- lazylizard 12y agoi imagined singapore was unique..take the price of the house(http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyResaleFlatMedianResalePrices?OpenDocument http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyResaleFlatMedia...), multiply it by 2(because loans and insterest), divide it by the income(http://stats.mom.gov.sg/Pages/Income-Summary-Table.aspx http://stats.mom.gov.sg/Pages/Income-Summary-Table.aspx)... i'm always wondering how many singaporeans have a flat of their own...