|
Post by sideways on Oct 6, 2023 1:21:20 GMT
It’s fun money. Not life changing money I guess I don't know what fun money is. Any money given to me is "life changing money", as it is something that is unexpected and will help me a little bit more along the way. I don't waste money so I don't have fun money. 😂 Tell me how $1500 would change your life.
|
|
pinklady
Drama Llama
Posts: 5,563
Nov 14, 2016 23:47:03 GMT
|
Post by pinklady on Oct 6, 2023 1:24:57 GMT
It is still better than $0.00. It’s fun money. Not life changing money. Are you missing the point of the thread on purpose? I actually think you are missing the point. 🤷🏼♀️ As I said I’m my first post, I did not watch the video…still haven’t. Doesn’t seem like she was ever told this was “life changing money” or even money to buy a house. Entitled girl made a bunch of assumptions then took to social media to bitch about it.
|
|
quiltz
Drama Llama
Posts: 6,714
Location: CANADA
Jun 29, 2014 16:13:28 GMT
|
Post by quiltz on Oct 6, 2023 1:28:46 GMT
Tell me how $1500 would change your life. It would pay for my condo fee for 1 1/2 months freeing up other money so that I could fix the issue on my car without having to use a credit card. I don't pay interest on my credit card because I make sure that I pay it off every month. Why should I subsidize a financial institution when I have the personal responsibility for myself and the purchases that I make. My condo fees would be paid for and my car would be fixed and no cc used. That would change my life for the better. It is the small things gathered together that make BIG change happen.
|
|
|
Post by sideways on Oct 6, 2023 1:28:50 GMT
It’s fun money. Not life changing money. Are you missing the point of the thread on purpose? I actually think you are missing the point. 🤷🏼♀️ As I said I’m my first post, I did not watch the video…still haven’t. Doesn’t seem like she was ever told this was “life changing money” or even money tombuy a house. Entitled girl made a bunch of assumptions then took to social media to bitch about it. Life-changing was my wording. I didn’t say it was in the article. $1500 isn’t for anything big and important. It’s not going to make much of a difference in her life. Maybe help cover rent for one month. Stuff costs more than that. Are you being purposefully obtuse, too?
|
|
|
Post by sideways on Oct 6, 2023 1:30:53 GMT
Tell me how $1500 would change your life. It would pay for my condo fee for 1 1/2 months freeing up other money so that I could fix the issue on my car without having to use a credit card. I don't pay interest on my credit card because I make sure that I pay it off every month. Why should I subsidize a financial institution when I have the personal responsibility for myself and the purchases that I make. My condo fees would be paid for and my car would be fixed and no cc used. That would change my life for the better. It is the small things gathered together that make BIG change happen. It would help you, not change your life. That change wouldn’t last long. Some other shit always comes up.
|
|
|
Post by sideways on Oct 6, 2023 1:36:35 GMT
Y’all can keep going with yelling about kids on your lawn and how those young’uns need to pull themselves up by the bootstraps. It’s time to wind down here.
|
|
|
Post by Clair on Oct 6, 2023 1:40:30 GMT
Tell me how $1500 would change your life. It would pay for my condo fee for 1 1/2 months freeing up other money so that I could fix the issue on my car without having to use a credit card. I don't pay interest on my credit card because I make sure that I pay it off every month. Why should I subsidize a financial institution when I have the personal responsibility for myself and the purchases that I make. My condo fees would be paid for and my car would be fixed and no cc used. That would change my life for the better. It is the small things gathered together that make BIG change happen. Life changing means changing the trajectory of your life. Enough money for the down payment or enough money to buy a house is life changing. $1500 - a nice sum if cash but not life changing
|
|
|
Post by belgravia on Oct 6, 2023 1:55:32 GMT
So because you don’t “know” them, they must not exist? I can assure you they do. One of my friends has 35 Hermes bags. Another bought a $25,000 Ligne Roset sectional. This is every day normal life for them. The world is a big place. Ok that made me laugh. Let them eat cake, and all that.
|
|
|
Post by belgravia on Oct 6, 2023 1:59:36 GMT
Y’all can keep going with yelling about kids on your lawn and how those young’uns need to pull themselves up by the bootstraps. It’s time to wind down here. Feel free to bow out any time.
|
|
|
Post by belgravia on Oct 6, 2023 2:01:28 GMT
I guess I don't know what fun money is. Any money given to me is "life changing money", as it is something that is unexpected and will help me a little bit more along the way. I don't waste money so I don't have fun money. 😂 Tell me how $1500 would change your life. You can buy yourself a cute pair of sneakers 😉
|
|
peasquared
Drama Llama
Posts: 5,474
Jul 6, 2014 23:59:59 GMT
|
Post by peasquared on Oct 6, 2023 2:22:34 GMT
Bottom line. This generation is the first in American history to not do as well as their parents. That is WRONG.
Bottom line. A man working a factory job could support his housewife and children on his salary alone. Those days are gone.
We ALL need to realize this is the new reality. The struggle is real.
|
|
|
Post by Merge on Oct 6, 2023 2:31:34 GMT
I am still flabbergasted that several peas are really willing to take the position that yes, their (our) generation helped create the problem, but they got theirs so oh well. The younger generation will have to fix it. And also, fuck them kids.
Literally shaking my head. I can't imagine having so little caring and empathy.
I'm out on this one. It's very disheartening. I guess I thought better of us.
|
|
|
Post by dewryce on Oct 6, 2023 2:32:03 GMT
I wonder how many of the younger crowd are willing to buy a small crappy house in a not so great neighborhood, take in roommates and get a second job? Then spend weekends improving that house so they can trade up? Because improving a house, even DIY, is so cheap? 😳 Have you seen the price of materials? That’s also assuming that these kids have the expertise to do the job properly. Or that people who can afford to purchase the improved house would be willing to buy in that neighborhood.
|
|
|
Post by gorgeouskid on Oct 6, 2023 2:41:57 GMT
I agree. Boomers have no idea. (Grandfather gave my grandmother the same amount of allowance for groceries in 1990 as he did in 1970, as if there was no inflation. She paid for it out of her salary, never asking for more.)
My other grandmother died in 1996 and left me a considerable amount of money. I put virtually ALL of it into the down payment for my house in 1997. I would never ever have been able to afford a house without it. If I'd received an equivalent in today's dollars amount of money today, I would not be able to afford a similar down payment on the same house. I might have been able to pay rent. My tiny house is now worth a fuck-ton.
I feel for my son. I will never be able to leave his children enough to buy a house in today's real estate market here. My rent (with three roommates) when I was his age was $345/month. He couldn't find anything equivalent (with 3 roommates) for under $4500/month. Same market. That way (way way way) outstrips inflation.
He lives at home now, making an okay for living at home (for anywhere else, living wage). He drives the truck we brought him home from the hospital in (no bells/whistles). He worked as a bus boy summers home from college.
She doesn't sound ungrateful, just recognizes that her parents have no clue what she's experiencing. And I see it too.
|
|
|
Post by dewryce on Oct 6, 2023 2:52:15 GMT
Fit what picture, exactly? Does that “different perspective” change the facts that the COL is much more expensive, housing is prohibitively expensive, wages are down, and it’s harder to get a job now for kids starting out? No, it doesn’t. But, thanks for your “different perspective.” My perspective is my reality. My reality is that my husband’s income has doubled in the last 10 years ish. My daughter’s university education is paid for. She will not struggle. That’s my reality. Sorry you’re so offended by it 🤷🏼♀️ You are being purposefully obtuse, you know damn good and well that’s not what is offensive about your posts. You’re also showing your complete lack of empathy and grasp of the situation. You would benefit greatly from reading this thread to actually try and comprehend what much of the younger generation is going through rather than patting yourself on the back and showing off your financial security. You’re really just showing your ass.
|
|
|
Post by candleangie on Oct 6, 2023 3:04:02 GMT
Are there any jobs a young person can get these days that includes a pension? I thought they had gone the way of dinosaurs as far a perks/wages/benefits. Probably not, but the dream we had when we had that part of our salary deducted to go toward pension was that we would have enough money to live on after our working life ended. We DO have the $ amount still being paid every month, but those dollars don't buy anywhere near what we thought they would. We grew up with nothing, gave our kids what start we could, including an education. They knew we worked hard to make that happen and appreciated what we could give them. Our grandchildren are just starting to find their footing, but they also know that the lifestyle they want comes at a price, and don't expect us to pay that price for them. My dh often worries about our dgk's and how they would cope if they had less than they were used to, but I remind him of my dad who started out in a priviliged life, had that ripped away from him as a teen, but found a way to scrabble back through poverty to make a home for us and give my siblings and me at least a start, even if that was mostly a can-do attitude. How old were you when you bought your home? Is it paid off at this point? Here’s a home truth’s scenario for you. Dh and I worked our buns off and FINALLY managed to find and purchase a home two years ago. We “scrabbled back” from a rough start as teen parents. We’re 45 years old. Our mortgage payment is $2400/month on a 30 year mortgage. If we had student loans we would never have been able to do this. We had to borrow against our retirement fund to make it happen. Our house was $420k and it’s a former rental fixer-upper. Thank goodness my husband and I have parents who taught us some skills in that area. We were lucky there. We will not be able to retire until our home is paid off…..when we’re 75 years old. This is the new reality of the “starter home” The house I grew up in was sold for $147k in 1994. It’s now $485k. In a declining neighborhood, 970 sq. ft., in need of updates and probably a roof, from the looks of things. That’s your new starter home.
|
|
|
Post by dewryce on Oct 6, 2023 3:09:16 GMT
Thank you. I guess the job market is good for people already moving around in their careers and maybe for blue-collar and unskilled jobs? Certainly not for new college grads from average families. I know my kid’s two roommates got jobs right after graduation, but that was also because they had parents with connections to get them those jobs. We don’t have such connections. I also think career choice has something to do with it too. Here, teachers, SLPs, PTs, OTs, RNs, LVNs, Child Care workers, Paras, SAI support staff are all in high need. My DHs district held a huge job fair and teachers who were finishing their credential were hired to fil spots. They have 2 years to get their clear credential while under this program. My kids former therapists are always posting about job openings and job fairs for OT, PT, and SLP. This is true in a lot of places and expects to hold true for quite a while from what I’ve read about expected job growth and impact of AI, just for information for those who have children/grandchildren looking into careers. Eta: After finishing the thread I agree with others that most of these jobs are for very low pay and benefits, and hours and conditions can be pretty bad in many situations. Here at least, SLPs make the least of those listed in the therapy department, but it’s still more than most listed and jobs are available. But be aware, if going I to the job because you want to work with people, the pay caps off and like anything else, you need to go into management to keep raising your income. And most of those positions are not working with patients.
|
|
|
Post by belgravia on Oct 6, 2023 3:13:01 GMT
My perspective is my reality. My reality is that my husband’s income has doubled in the last 10 years ish. My daughter’s university education is paid for. She will not struggle. That’s my reality. Sorry you’re so offended by it 🤷🏼♀️ You are being purposefully obtuse, you know damn good and well that’s not what is offensive about your posts. You’re also showing your complete lack of empathy and grasp of the situation. You would benefit greatly from reading this thread to actually try and comprehend what much of the younger generation is going through rather than patting yourself on the back and showing off your financial security. You’re really just showing your ass. Mmmkay. You can eat some cake too.
|
|
|
Post by candleangie on Oct 6, 2023 3:17:43 GMT
So are people supposed to discount the fact that hard work plays a part in their success? As does luck? Luck is a part of it. Sometimes a big part. Being in the right place at the right time. Knowing the right people. My husband worked, and continues to work hard. Is that a bad thing? Not everyone has equal circumstances or opportunities. Nope. But we also can’t pretend that that the percentage of the population currently experiencing this kind of luck hasn’t shrunk to a painfully small slice. Or that simple hard work is still enough if you don’t have access to that kind of luck…
|
|
|
Post by belgravia on Oct 6, 2023 3:21:26 GMT
So are people supposed to discount the fact that hard work plays a part in their success? As does luck? Luck is a part of it. Sometimes a big part. Being in the right place at the right time. Knowing the right people. My husband worked, and continues to work hard. Is that a bad thing? Not everyone has equal circumstances or opportunities. Nope. But we also can’t pretend that that the percentage of the population currently experiencing this kind of luck hasn’t shrunk to a painfully small slice. Or that simple hard work is still enough if you don’t have access to that kind of luck… That’s LIFE. There will always be people who have more than you, and people who have less. I mean, rest assured, there are millions of people who have more than I do. And millions who have less. Life isn’t equitable across the board. Do you think it should be?
|
|
katybee
Drama Llama
Posts: 5,378
Jun 25, 2014 23:25:39 GMT
|
Post by katybee on Oct 6, 2023 3:22:29 GMT
Y’all are doing EXACTLY what THEY want you to do. We are fighting amongst ourselves so we won’t notice the billionaires and trillionaires laughing at us while they hoard away more and more cash. They control the price of housing, and food, and gas and then blame the skyrocketing prices on “market forces.” They are destroying public education so they will have more uneducated workers willing to work for scraps. They are pitting Christians against gays and drag queens so people will continue to vote against their own financial interests. They let people die because they cannot afford healthcare, yet US healthcare makes like $800 BILLION dollars in profits every year. Almost every single product you see on your grocery store shelves is produced by some multinational conglomerate. They are ruining our health, our land, our climate. And we LET them.
We work 50, 60 hours a week just to live paycheck to paycheck and wait desperately for the weekend, or a vacation to “enjoy” our lives. The American Dream is a myth.
69 percent of the total wealth in the United States is owned by the top 10 percent of earners. The lowest 50 percent of earners only owned 2.5 percent of the total wealth. The top 1% now own more wealth than the bottom 92%, and the 50 wealthiest Americans own more wealth than the bottom half of American society – 165 million people.
But y’all keep fighting over whether Gen Z kids buy too many pumpkin spice lattes and IGNORE the fact that we are in late stage capitalism that will surely collapse if things don’t change.
(Sorry….I’m tired, broke and grumpy.)
|
|
|
Post by dewryce on Oct 6, 2023 3:34:28 GMT
You are being purposefully obtuse, you know damn good and well that’s not what is offensive about your posts. You’re also showing your complete lack of empathy and grasp of the situation. You would benefit greatly from reading this thread to actually try and comprehend what much of the younger generation is going through rather than patting yourself on the back and showing off your financial security. You’re really just showing your ass. Mmmkay. You can eat some cake too. And I do. Funny enough, at the same time I also manage to show empathy for what the younger generation is going through. That you can’t says so much about you and none of it good. I know you think you’re doing something here trying to show off your financial security and your friends wealth, but that’s not actually what you’re accomplishing.
|
|
|
Post by chaosisapony on Oct 6, 2023 3:35:40 GMT
Either take the $1500 and save it toward a down payment for a home, or just say thank you to your grandmother and spend that money any way you want to. It is a gift. Pretty sure that when her grandmother was her age, the minimum wage was less than a dollar an hour and $1500 represented three months take home pay for a degreed professional (or four year's tuition). Maybe that grandmother seems to have alot of money now, but that $1500--if she saved it when she was her granddaughter's age--would have represented a LOT of months scrimping and saving. Boomers know a LOT about what things cost: food, gasoline, heating fuel, and every other necessity has gone up in price exponentially while pensions have stayed pretty static, and the saved money in the bank is not growing in value to keep up. Homes we worked and saved and borrowed for--thinking that they would provide security in our old age--are now paid for, but are shrinking in value b/c they don't have all the amenities that new homes seem to have. Are there any jobs a young person can get these days that includes a pension? I thought they had gone the way of dinosaurs as far a perks/wages/benefits. Thank you. I was struggling with how to respond to a comment complaining about a pension not going very far on a thread about an entire generation of which the vast majority will NEVER have access to a pension. SMH. I'm only on page one but some of the responses to this thread are making my blood boil in a way I'm not sure a two peas thread ever has. There's lots of pages to go, I might just skip to the end.
|
|
|
Post by grammadee on Oct 6, 2023 3:36:12 GMT
candleangie, I know the struggle for home ownership is real. All four of our "kids" are two income homes, paying off at least one mortgage per family. The lowest is $385,000 for a 1300 square foot bungalow. I say "at least" b/c when they have had to move for employment, the homes they left did not immediately sell. Interest rates have a huge effect on how much of their mortgage payment goes toward paying off the principal, rather than basically renting the home from the bank. And there is no guarantee that if they need to sell that they will be able to get any of that equity back. We were lucky enough to be able to borrow the down payment for our first home at age 25. We poured every dollar not earmarked for essentials into the down payment loan and to make extra payments on the mortgage. We were able to pay off the mortgage when we sold it 13 years later for four times its cost to us. But of course we needed to borrow again to replace it, b/c every other home had gone up in sales price that much as well. We have been in our current home for 36 years, and it has been paid off for the last twenty of those (luckily just before we both retired). When we need to leave this home, we will need to put a 35+ year old rural home on the market, and hope that some family will be able to borrow enough money to provide us with a little equity, plus have the skill &/or cash to make maintenance repairs, and replace appliances and things like the furnace and hot water tank.
|
|
|
Post by chaosisapony on Oct 6, 2023 3:45:15 GMT
I wonder how many of the younger crowd are willing to buy a small crappy house in a not so great neighborhood, take in roommates and get a second job? Then spend weekends improving that house so they can trade up? When I meet up with my recent graduates, unless they have no student loans and secured big-law employment, they all have the exact same story if they went into the market to buy a house (and some of those students as well): they bid on multiple houses in outlying areas of the city and/or in undesirable suburbs and lost out to some all-cash bid where there were 3-5 bids for the house, minimum. They are literally looking for little starter homes that require them to commute, and are struggling to get those. 100%. I have tried to get the small, crappy house in the crappy neighborhood. It's unwinnable because you get outbid by flippers, corporations, and investors every single time. The last time I was house shopping was in 2018 and it's just gotten even worse since then.
|
|
|
Post by grammadee on Oct 6, 2023 3:48:11 GMT
Thank you. I was struggling with how to respond to a comment complaining about a pension not going very far on a thread about an entire generation of which the vast majority will NEVER have access to a pension. SMH. I was not complaining about receiving a pension. I was stating that I know what things cost b/c my income has not changed in 20 years while the cost of everything I buy HAS. And I was not attacking the generation who is struggling financially. I was responding to a statement aimed at MY generation because one person didn't seem to appreciate her grandmother's gift. I tried to explain what that gift MAY have meant to her grandmother, even though that is something I really don't know.
|
|
|
Post by dewryce on Oct 6, 2023 3:50:15 GMT
There are several better, excellent answers as to what we expect boomers to do to help this situation. One thing I haven’t seen? Stop complaining about “entitled youth” and start vocally advocating to improve what they’re going through. If you already are, that’s great. But know that every time you open a thread or participate in a conversation like his and miss/ignore the very valid main point to agree with the side point that some youth are entitled, you come across as siding with those that don’t believe there is a real issue here. Whereas if you said that you believed there was a portion of this generation that was entitled and with hard work could do better, but that there were more pressing systemic problems that need addressing you could possibly help people who ONLY believe the “entitled youth” aspect of the discussion hear a different point of view.
Like I tell my husband, sexist men in the workplace aren’t going to listen to his female coworkers’ point of view, but if he opens his mouth to say something the men are more likely to listen to him. If not that time, then maybe the 5th time another man points out the same thing. So I think if someone who agrees in part with their “entitled youth” opinion, but also points out the realities of the situation for most of this generation, the “entitled youth” contingent is more likely to listen.
|
|
|
Post by candleangie on Oct 6, 2023 3:50:33 GMT
candleangie, I know the struggle for home ownership is real. All four of our "kids" are two income homes, paying off at least one mortgage per family. The lowest is $385,000 for a 1300 square foot bungalow. I say "at least" b/c when they have had to move for employment, the homes they left did not immediately sell. Interest rates have a huge effect on how much of their mortgage payment goes toward paying off the principal, rather than basically renting the home from the bank. And there is no guarantee that if they need to sell that they will be able to get any of that equity back. We were lucky enough to be able to borrow the down payment for our first home at age 25. We poured every dollar not earmarked for essentials into the down payment loan and to make extra payments on the mortgage. We were able to pay off the mortgage when we sold it 13 years later for four times its cost to us. But of course we needed to borrow again to replace it, b/c every other home had gone up in sales price that much as well. We have been in our current home for 36 years, and it has been paid off for the last twenty of those (luckily just before we both retired). When we need to leave this home, we will need to put a 35+ year old rural home on the market, and hope that some family will be able to borrow enough money to provide us with a little equity, plus have the skill &/or cash to make maintenance repairs, and replace appliances and things like the furnace and hot water tank. Scary, isn’t it? I’m glad it worked out this way for you though. I hope your kids and mine have the same result. :-)
|
|
|
Post by dewryce on Oct 6, 2023 4:12:58 GMT
Thank you. I was struggling with how to respond to a comment complaining about a pension not going very far on a thread about an entire generation of which the vast majority will NEVER have access to a pension. SMH. I was not complaining about receiving a pension. I was stating that I know what things cost b/c my income has not changed in 20 years while the cost of everything I buy HAS. And I was not attacking the generation who is struggling financially. I was responding to a statement aimed at MY generation because one person didn't seem to appreciate her grandmother's gift. I tried to explain what that gift MAY have meant to her grandmother, even though that is something I really don't know. In all sincerity, it is a valid point of view. But it seemed you ignored the fact that her parents set ridiculous expectations for the money and that they are completely out of touch with what that money would get her. You didn’t acknowledge the very real issues this generation/these generations are going through. At the same time you complained about a benefit you have, that most this same generation will never be lucky enough to have access to. This same generation that is dealing with the same rising costs you listed, plus costs most boomers don’t have to deal with right now, housing and education, but with comparably less income. And please understand this isn’t just directed at you, but posts similar to yours. Because the bolded was the main point, the very title of the thread. But a lot of people aren’t acknowledging that it’s a very real issue, just complaining about entitlement. It comes across as believing that the real issue is entitlement. I think your complaint about rising costs in what seniors have to pay for, without rising income is a very valid, super important one. And is discussed when issues like SSI and Medicare come up on political threads. I think you’ll find a lot of people on this thread who took issue with your post believe and acknowledge that this is also a huge issue and vote to help make it better for boomers dealing with it.
|
|
|
Post by chaosisapony on Oct 6, 2023 4:29:37 GMT
That’s the boomer mentality encapsulated right here : my husband’s salary doubled so too bad it offends you. We aren’t offended that your husband is well paid and your daughter won’t struggle. We’re offended that you think that because you don’t struggle, anyone who does just isn’t as smart or as worthy as you. We’re offended because you can’t see that you’re lucky and not everyone has had the same opportunities. The whole “I got mine so too bad you can’t get yours without an imaginary starter home and a roommate or six and two jobs” is the epitome of entitlement. Well said! The "I got mine so to hell with the rest of you" is what is wrong with this country. The "I got mine so to hell with the rest of you" is a huge problem. As an example, here in California we recently passed Proposition 19. It had two main components. 1) People over 55 years old can transfer their old property tax value to a new home and 2) Parent/child transfers are no longer exempt from reassessment unless it is the primary residence of both and you complete the detailed paperwork in a specific timeframe. I work at the county assessor's office so I see the impact of this one law every single day. "Seniors" (I'm sorry, someone that is 55 is in the prime of their life and career and generally has more money than they've ever had) come to my small, rural county and pay cash for massive house with land using all the profit they've gotten by selling their home in the Bay Area that they paid $200,000 for but sold for well over $1 million. Then transfer that old tax base and experience nothing but an increased standard of living and they're making their money go farther because things are cheaper in our little county. Then, to subsidize the tax losses that happen left and right with this law, we are reappraising kids that inherit properties and the taxes are skyrocketing. Maybe your parents worked hard and were able to buy a couple of condos or a rental property. You inherit it, but their tax base is gone since it's not their primary residence. You have to sell it because you can't afford the market rate taxes on it. Goodbye opportunity to build generational wealth. Another benefit for boomers paid for by Millennials. My parents make more money on social security and their pensions than they ever made working. They can't seem to understand that those opportunities are not available to my generation. I have a government pension but in order to get a job with that I had to get a job that doesn't participate in social security. I will most likely have to work until I die. But my parents who have less education only had to work until age 55 and they bitch about social security not giving them enough COLAs. They even retired with full medical coverage and now qualify for Medicare. I have insurance through my job but it's a $2500 deductible so I still can't afford to go to the doctor to use it. The inequalities I see on a daily basis are astonishing and there isn't much my generation can do about it because we're too busy working 2 jobs and a side hustle to feed ourselves. And the thing is, it is ok that we want better. We deserve to have the same standard of living our parents had the opportunity to have. I should not have to live in a crappy fixer upper in a crappy neighborhood with 5 roommates and work a second job. I'm educated, I have career ready skills, I have done everything I was told I was supposed to do. If thinking I should be able to afford a decent life with a regular car and a normal house and a vacation here or there makes me entitled then so be it.
|
|