Reply to I know why Millenials can't afford houses and pay off their student loans..

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[quote=Anonymous][quote=Anonymous]I'm a Gen-Xer who spent my single years living in group rental housing, keeping my car for over a decade, mostly packing lunch, and all that good stuff. I got married fairly late in life, so I ended up having some millennial housemates over the years, and you know what? - they were doing the same exact thing, except that many of them didn't even own cars, so they were saving even more money! I'm not claiming that they were perfect - we all ordered takeout a little bit more than we probably should have - but overall, they did pretty well managing their money.

Most of the millennials that I've worked with seem to be living similar regular-joe semi-frugal lifestyles.  In a lot of ways, millennials got a crappy deal with higher education costs (even state school tuition has sky-rocketed!), and entering into a professional world that seems to require more and more education to get ahead.....but overall, millennials seem to be doing the best that they can with moving forward.  I really don't see what all the hand-wringing is about.[/quote]

+1,000

Adding to this, salaries have stagnated while COL (from buying a house to shopping for groceries) has skyrocketed. Some of the older folks on this forum seem to forget that we were able to buy a starter home for 2x our starting salary.[/quote]

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