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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I tend to agree with much of this. The millennials I know almost all live with their parents because (supposedly) they're saving up money,[b] but they lack for nothing (new iPhones, clothes, cars) and take ski trips to Aspen. [/b]I have a hard time imagining that their bank accounts are flush.

One is actively looking for an apartment -- with his mom, of course -- and has turned down every option for some reason: too small, too dark, the kitchen isn't updated, too loud, too close to public housing, too far from mommie and daddy. He wants to get a roommate, but he refuses to share a bathroom and his mother agrees that sharing a bathroom with "a stranger" is unacceptable for her snowflake.

Can't exactly weep for them.[/quote]

It's not just millennials. I know a lot of people who live like this.  I have numerous friends who have student loans or I'm certain aren't saving any money but manage to go on expensive vacations, have iPhones, take uber everywhere, dine out and order takeout frequently.  They don't seem to bat an eye at living like this.  [/quote]

I'm Gen X. Graduated top 5 law school with $160k in loans. Did BigLaw briefly, hated it, have worked in more nontraditional and low paying jobs ever since.

I was 27 when I graduated. I lived in a terrible, affordable apartment. Paid off as much as I could of my loans. Now, in my 40s, I only get to live somewhere nice because my husband has a more traditional sort of job.

Even when I was $160k in debt, I ate out, I traveled, I did other things you'd probably turn your nose at, as beneath someone in debt. The reason is because life is for living - not just for saving and paying off loans. The loans suck, and aren't going anywhere whether I get Thai food for dinner tonight or not. You are basically suggesting that people whose parents weren't rich enough to pay for their tuitions or to keep them in well-appointed homes during their 20s and 30s shouldn't get to enjoy their youths in any way. Well, I'm glad I enjoyed my youth. I'm glad I got to do things, and experience things, even though I was also trying to make my own way in the world.[/quote]

I think you have to find a balance.  There's a difference between not enjoying your youth and never traveling or eating out and eating out and traveling all the time.  [/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