Reply to The median Boomer has a housing cost of $612. That includes taxes and insurance.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Stop your whining and get a therapist to help you deal with your very transparent issues with your parents. 
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NP. My parents aren’t Boomers but I legitimately don’t see how people don’t understand why Millrennials/Gen Z/Gen Alpha feel enraged that no matter how hard they work they will never have the ability to build wealth the way previous generations did. [/quote]

I mean, neither can I and I'm 52. My dad retired from a fed gig after 20 years and got a pension equal to 75% of his last years salary, along with free healthcare for life. He unfortunately died 8 years later but my mom gets his pension until her death which isn't even on the horizon. She's getting somethin like 95K a year, every year, until she dies just off that. Another 4 grand a month in SS, house is paid, taxes are senior exempted, etc etc etc

Both my wife and I work full time  (white collar professionals) and we will never have anything close to that.

Life aint fair. Sometimes timing matters.[/quote]

Most people don't have pensions. Just career military and government workers. [/quote]

Right, that's my point. In my grandfather's era everyone had a pension and wages were proportionately higher.  My dad was born in '41 and most of his peers had pensions/retirement too.

My wife and I (both masters educated professionals) live frugally, invest heavily, sent kids to state schools, etc and will never get to  point where our investments generate $15,000 a month in income.

It just the way life works. The later you get to the party the crappier the food selection gets.[/quote]

Huh? Humans have never had it this good. 15k a month is a very high retirement income so I’m not sure why you highlight that income level. [/quote]

I highlighted it because it's what my mother recives from my dad's fed pension and SS.

It's not true that Americans have never had it this good. My grandfather bought a house, a lake house, always had two cars, raised three kids all through college with no debt and did it on a factory workers salary. And he had a fully funded 35 year retirement.

You're not doing that on an Aldi paycheck today.[/quote]

$15k per month is $180k per year.  If you are two "masters educated professionals," let's assume that you will each get $40k in social security benefits, for a total of $80k.  That leaves $100k.  If you use the 4% withdrawal method, you need an investment account of $2.5m to generate that amount.  It's more than likely that a masters educated professional will have a retirement account with $1.25m in it after 30+ years of working and "investing heavily."  [/quote]

Are we seriously trying to use the “masters educated professional” to explain why its everything is FINE and millenials just need to shut up??? [/quote]

Yes, because complaining millennial can get a masters degree or do something else that will make them more marketable for higher paying jobs. Expenses are not going to meet your desired level of educational and/or skill achievement. Past generations knew this so we inconvenienced ourselves by going to school in the evenings after work, taking training courses,  doing things that were not fun but life is more than pursuing interests and hobbies
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