Reply to Wells Fargo ad about millennials eating out

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I hate those self serving ads by WF showcasing a millennial couple eating out several times a week (once at a food cart), and that being the prime reason they can’t afford downpayment on a house.

Such BS. It’s sky high rent, student loans, and medical insurance — not avacado today du jour

Maybe instead of offering sham financial counseling, they offer low fixed rate student consolidation loans.

[/quote]

Sky high rent, LOL! I'm gen x and had 5 roommates to save money, bought a home and then STILL had roommates until I had a kid. I had roommates until I was 34yrs old. Rent has always been high relative to income. Millenials  make way more than I did. Starting pay at my company is 70k. My first job in 2000 from which I got LAID OFF from in 2001 was for 35k.[/quote]

To be fair, with a 3% inflation, prices double every twenty years -so the starting salary of $70k now is the same as a $35k salary twenty years ago.[/quote]

My first job paid $10/hr and wouldn't give me full time hours (nonprofits in 2008...woohoo). I'm 33 and finally surpassed $80k. You can bet I feel kind of dumb if kids straight out of college are making $70k, but I gotta say it has not been a linear increase in starting salaries since 2001, and we can't all make up the gap.[/quote]

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