Reply to Signs once wealthy now in genteel poverty?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]For society in general:

High percentages of young people who can no longer realistically aspire to the American dream of home ownership as their parents did

High levels of student debt

Falling life expectancies

Youngish adults not being able to provide the same advantages in life to their children as their parents did for them.

[/quote]

Hmm...to me that seems different than genteel poverty.  You're talking downward mobility/falling standards of living for entire class of people x generational cohort.

Genteel poverty is kind of about being too poor to keep up appearances.

If you rent a nice apartment in the city and can't afford to own a SFH in suburbia like your parents, that's falling standards of living but not poverty of any sort.

If your parents were rich but lost all their money in a crypto collapse and you live together in a foreclosed mansion in an unfinished development where your utilities have been cut-off for non-payment, that's genteel poverty to me.

It has to be very apparent that one is living far below one's social class or lacks resources to avoid detection of limited means.[/quote]

OK I see your point.

My DH and I both come from UMC families and live a fairly UMC life. However, I am concerned for our children, and for the younger generation in general, as it is so much harder for them to attain similar home equity, job stability with benefits, remain debt free from student loans. and even attain the same level of good health and dental insurance. [/quote]

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