Reply to WSJ Affording a Family

Forum Index » Money and Finances

Reply to "WSJ Affording a Family"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][twitter][quote=Anonymous]...it’s well documented that Boomers and Early GenX benefitted from the booming 80s and 90s economies and had crazy cheap housing. [/quote]

GenXer here - I think you're confusing our generation with the Boomers. I graduated from college in the early 90s to a "jobless recovery" from the 89-91 recession, which extended well into 1992 and ensuing research shows our generation never did 'catch up' to the earnings of people who started out in a strong economy. We did not have large amounts of student debt like college graduates today - I took the max loans & with work study job only ended up with $30K in debt. BUT, the dot com bubble, 2008 crash, etc, along with extended periods of low interest, killed GenX's investments & we now have the dubious distinction of being the first generation in the US to do worse than their parents.

https://www.investopedia.com/terms/g/generation-x-genx.asp

All that said, it certainly was easier for us to afford to raise a family than people now. But, I would not sugarcoat the experience of GenXers and conflate it with the Boomers who truly had a different ride. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics