Reply to NYT Opinion Piece: This Isn’t What Millennial Middle Age Was Supposed To Look Like

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[quote=Anonymous][quote=Anonymous]Even as a millennial, so much of this depends on exactly what you were up to during various points in time.  I was in college during the dot com burst and things had reasonably recovered by the time I graduated.  I was in grad school for the 2008 recession.  I first bought a house in 2010 at the bottom of the housing market and have seen insane equity growth.  I'm also an older millennial so college tuition hadn't risen nearly as much as it did for the younger segment of millennials, so my loans were reasonable after some significant merit scholarships.

By contrast, there are folks just a couple of years older than me who got pummeled with both job loss and loss of home equity in the 2008 recession.  There are also folks a few years younger than me who graduated into the 2008 recession and never did find a job in there field, stunting then professionally.  There's a big range.[/quote]

This. I'm a "cusper" (born 1980) and I have a lot of empathy for many younger millennial who I think got kind of screwed. If you graduated college in 2007 or 2008, for instance, the job market was really rough, and you were too young to take advantage of lower housing costs and increased housing supply (unless your parents financed a house purchase, in which case no one feels sorry for you and it's not about your generation anyway). By the time you were making okay money and ready to start settling down, housing prices were skyrocketing. And your college was very expensive and your kids college will be outrageously expensive.

I really do think some people got very screwed by timing in ways that some people refuse to acknowledge. Everyone wants to act like they were just very prescient and smart but many of us just benefitted form good timing with the job and housing markets, and lucked into good timing with investments. If you can't acknowledge this about yourself, you're delusional.[/quote]

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