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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]European here. A lot of Americans don't appreciate the finer things in life, even though they can afford so much more. A Frenchman is fine renting, a small space too, because they want to be able to buy a niece piece of cheese and wine and fresh fish and a beautiful jacket. So if the millennials are doing what you say they are doing, kudos to them. [/quote]

You really cannot compare Europe to the US.  You have cradle to grave social benefits - we do not.  What happens when these folks who have screwed off their entire life arrive at retirement with no money?  They become a burden on their children or the state.[/quote]

Those benefits are paid for by significant taxation and coupled with much lower salaries. I think net net it evens out over a life time. In any case, I think it's a philosophical difference. As I mentioned, given X amount of disposable income, a Frenchman will chose to rent vs. owning, in order to afford small luxuries/quality. Many Americans overemphasize housing or cars to the detriment of many many other things that make life pleasurable.[b] I am most surprised by the very well educated and well off couples who seem to squirrel away millions while leading Spartan lives[/b]. Many post here. So no I don't judge a millennial, who is saddled with debt and facing crazy housing costs for not buying in to the current scheme.[/quote]

Count me in that group.  My lifestyle is far from Spartan, and very wealthy in comparison to how I grew up.  But we only spend maybe half our income and save the rest.  I drink drip coffee from the pot bought at BJ's, and bring a thermos on road trips so I can avoid Starbucks.  Our combined HHI is rarely below 600K, and often quite higher.  I view [b]a $38 candle as being quite ridiculous. [/b] We love to travel with our kids, but fly coach and use hotel points whenever possible.  [/quote]

Well, no one is forcing you to buy one. But why do you care if someone else does? Maybe that is their ONE joy in life? [/quote]

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