Reply to Why do people think Boomers had it so good?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am a boomer. My first apartment was 200 sf walk up apartment with no AC, no dishwasher, a pullman kitchen that consisted of a mini fridge and hot plate with bars on windows and doors.

Today kids want doormen, pools, gyms in their first apt.

Things are not really more expensive it is expectations are higher. And that costs more.  [/quote]

Maybe, but also you (boomer) raised your kids (millennials) to expect more.  [/quote]
Yes many of us did (I'm not a boomer).  However, I've also made my kids aware that we didn't live like we do now when we were in our 20s.  My kids understand wants vs needs. 
My kids also know we are the exception and in the 1%+ (probably top 0.5%).  They know they have to work to earn the nice things in life.  Yes, they have a financial fallback, but my oldest knew when they got their first job that sure they could afford the brand new luxury apartment with a pool and everything, but for $400/month (+150 for heated parking) less they could live in the 5 year old,(also luxury but without the pool) apartment complex, with a much better management team and with included heated parking (midwest, trust me you want that) that is right next door.  Oh, and their apartment is 200 sq ft bigger in the "cheaper place". So they are saving $550/month and in a place that is 1000x nicer than my first apartment. 
And they can afford it all on their own and happily invest the rest.

[/quote]

I mean, your kids have luxury option 1, 2 and 3...It's not really amazing and responsible to not lose your money when you have so much to start + a safety net. It's a lot harder to remain okay financially when your options are cheap awful place 1, cheap awful place 2 and expensive for you option 3 (an option your child would NEVER consider and would find disgusting) which will hinder your ability to save, but also allow you to sometimes go home after 8pm at night without fearing for your safety. [/quote]

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