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]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]

French person here: PP is right, it is a completely different ballgame. In France you are forced to save for retirement, your kids college, daycare etc.. (because let's not kid ourselves we pay through taxes what is not taken out of salaries in social contributions - which I think is great). Which makes your disposable income lower but really more "disposable". I remember comparing DH NGO job at 60k a year in the US and my consulting job at 60k a year in France (both post grad school entry level job) being surprised that we had the same purchasing power. But we didn't, he should already have started to put way more money aside then me on that salary (and pay more of the student debt he had and I didn't have).

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