The reality is it’s a lot harder to find a job now than it was 20+ years ago. I was fortunate.

I think unless somebody makes 100k+ out of college, they should stay home and continue saving for a few years

Enlist and become a man.
Problem solved.

Spoiler!

I see it as a fixed game from the beginning. You will either be grandfathered into money/opportunity, have nothing OR need to invest in the brightest child and hope they make it.

Most made people will be reluctant to acknowledge the support they received in any case. See.Privilege.


As information spreads wider and the world becomes smaller, early entrants to the markets also have gained the ability to shut the door behind them. When they age, they have the monopoly and the fortune to hand down to family members, or the low percentage of born losers, who high achieve and can be grafted in for the benefit of all in the dominant group.




It is a fact that money trickles upwards and into the pockets of fewer people these days. As a result, getting in becomes harder and less likely. Most people are not afforded the opportunity, or are not talented enough to create the growth they need to enter into the ruling framework.

Until it is acknowledged that having a decades headstart on people of today lends to advantage then no reason will be powerful enough for changing the rules, it will not fly politically.

Wanting your kids to focus on their education rather than wasting time flipping burgers is an odd concept to you?

What has always been odd to me is parents who have the means to pay for their childs higher education but won't. In poorer countries, parents will sacrifice everything and literally live on the absolute bare minimum to save up enough to send their kids to university.

Here in the west, parents are more focused on their 4th Bahamas cruise holiday than securing their kids future.

Parents fronting money for house down payment?

Da fuk, I haven’t asked my parents for a dime since I was 18

My man.

Am i the only millenial brah workin backwards against the rest of our age cucks?

brb 25

brb already bought my own house, by myself (just over 20% equity atm)

brb bought my brand new audi q5 in full, up front at dealership

brb bought my mom an infinity suv in full, in cash (used) at dealership. her lease was up on her car and i wanted to help her not have another new payment to make on a new car (long story short but her previous lease was free/included with her trade in deal in the past or some chit).

brb havent borrowed a penny and have only given generous gifts since ive been 18. see above etc.


whats with you brahs? realize your true potential and go for it you cucks real tea

I have a very similar approach as well. Well said.

So much this. Most of the older folks in my job are still there because they didn’t plan early and are now paying off their kids college debt. Kudos to them for actually doing it but had they planned sooner, they’d be at home chilled right now. Those that don’t give a damn period are terrible parents.
Me either but you’d be surprised what happens in more affluent families.
But you’re red.

Relevant article on The Onion:https://local.theonion.com/man-calls...ngs-1819575170

I can see why.

Also this is the first generation that pension age is becoming moved back. In Canada at least.

I dont like the blame/victim mentality of some people of our generation. But Our generation is definitely getting the short end of the stick. From higher living cost, automation/competition from overseas.

"I dont like the blame/victim mentality of some people...."


*proceeds to roll out victim mentality*



This just in: maybe you should take programming or electrical engineering classes instead of art or womens feminist dance therapy classes

Cant speak for other countries.

But in Australia we are at the peak of a globally unprecedented real estate boom.

Wage growth has been pitifiul

Kids in some cities literally either have to rent ****holes or live with parents and try to save 100k for a mortgage deposit.

It’s similar in here America. It’s rare to find a job that offers a pension nowadays,

the faster you are to realize that nobody is out there to help you besides yourself, the quicker you get off your feet and start doing work in life. its the truth and too many kids nowadays grow up in bubbles. they are used to having everything done for them and mommy and daddy saying yes to everything, then dont know what to do when real life sets in

Except it doesn't actually seem to work that way consistently in actuality:********************/@discomfiting/deb...n-c0db32f579f8I find it equally silly to assume that bread is a better measurement of buying power than gold.

Just think of the amount of labor that likely went in to a loaf of bread in 1913:

- gasoline operated farm equipment was barely getting started
- consider likely difference in labor from farm to mill to bakery to delivery in 1913 vs. now

How about farm land? Per the USDA the average price of an acre of farm land in the contiguous US in 1913 was $43. In 2013 the average price of an acre of farm land in the contiguous US was $2,370. It is even higher now.

https://extension2.missouri.edu/g404

This. I'm pretty sure people in the 1970s didn't have to apply to jobs where there were 400, other equally-skilled applicants.

It's the parents fault, they chose to have a kid the kid did not choose to be born. You wouldn't get a dog and kick it out after 18 dog years. So why have a kid and stop providing for it?

(notsrs) (semisrs)

I believe it. My parents were helping my sister and her jobless deadbeat husband for a while

I'm convinced you can live the life of a family in the 1950's on today's minimum wage (no cell phone, no tv, no computers, kids hobbies of throwing rocks at trains, adult hobbies of sitting on your porch rocking chair reading the newspaper, etc.)

Just letting you all know, both my dad and mother are jobless at the moment and it's my siblings and I that are earning money.

Doesn't help that if you want to buy a house, it could cost you a half a mil for something chitty, especially if you live in Toronto, or the Bay Area.

That's not bad though if you look at the income levels there. Where I live a good house can be had for 150k but average income is like 30k. Incomes in the Bay Area are like 100k so a 500k house is cheap still. Although I don't think you can find anything for 500k there.

500k here though could get you like 5 acres and a near mansion.

because prices are skyrocketing and wages arent

Habitable land in 1950:24.6 million square miles
Habitable land in 2018:24.6 million square miles

Population in 1950:2.2 billion
Population in 2018:7.6 billion

Price of a loaf of bread in 1950: $0.12
Price of a loaf of bread in 2018:$2.50

There's evidence that people who spend money on their own education are more invested and take more advantage of it. I also would argue that the people here arn't saying that kids should pay for it because they don't care but rather that paying for it benefits them as students and individuals.

That said, it isn't black and white and helping out a little may be beneficial, but I do think letting kids understand the dollar value of their education and having to work for it is an important lesson. The resulting debt that comes after is another good lesson on delayed gratification and paying off debt.

Personally how kids do at college is a reflection of their parenting. They can be independent and flourish or they will be entitled and not valuing their education.

https://www.forbes.com/sites/susanad.../#6a9ea3b061d3

"A new national study has found that the more money parents pay for their kids’ college educations, the worse their kids tend to perform, at least when it comes to grades. According to “More Is More or More is Less? Parent Financial Investments During College,” a paper by Laura Hamilton, a sociology professor at University of California, Merced, larger contributions from parents are linked to lower grades among students at a variety of four-year colleges."Because nature is limited parenting time with the intent of making offspring self sufficient?

People are quite adaptable and have a ton of potential but the impetus needs to be there imo. If so, they will succeed. But letting them get and get isn't the way to make them develop as individuals and become adults.

Can we stop harping on the ONE time in ONE country in the entire history of the world where things were on easy mode for 30 years? It's not coming back. EVER.

I know a lot of people IRL who's kids are junkies and the grandparents get forced to raise everyone. People move back in with mom and dad and 3 grandkids. Awful.

Endless disaster.

It sounds nice to think that if we just cut back and had more limited expectations then everything would be okay. Housing, health care, and secondary education kill that dream.

That newspaper and standard home phone service cost around $6 a month in the 1950s and that would be around $50 now adjusted for inflation. In my area you can get decent internet service and cell phone service (not unlimited service) for $75 a month. I think that the difference in the convenience (go anywhere phone) and quality (read papers from all over the world anytime including back issues) are a good value for the equivalent of an extra $2 a month in 1955.

Compare that to an average new house in 1950 for $8,450 which would equate to about $78,500 today. Don't know where you can get a new house for that in the US. Hard pressed to get even a modest old house (like the one that was sold for $8,450 over 60 years ago) in an area that has any kind of decent jobs or living standards. Yeah, if you had two workers making full time minimum wage they could probably swing that $78,500 house...if it existed.

I mean.... With a little effort and common sense I can easily survive on $20k/year. If I actually put effort toward frugality I could knock it down to $16k by elimating car/vacations/etc.

People are misguided to our current levels of luxury in 2018. We are lucky as fuk and the average person overspends into Oblivion.