Reply to Millennials feel 'abandoned' by parents not available to help raise grandkids: 'Too busy'

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Reply to "Millennials feel 'abandoned' by parents not available to help raise grandkids: 'Too busy'"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As a boomer I never expected child care or financial support from my parents and my parents never received that from their parents. Why do millennials expect it from their parents? We all faced child care and financial challenges when we were in our 30s and 40s but somehow survived over time. I still cringe when I think about our 17.25% mortgage in 1981. I never had one below 6-7% which is now considered outrageous. [/quote]

[b]Cost of living and home prices back then were in a completely different league than today[/b].[/quote]

In 1965, one could buy a house in the Northeast for about $30k. A new car was about $3k.  What do you think those comparables cost now?[/quote]

The average salary as $126 per week.  People’s monthly income averaged $500 per month.  The federal tax was up to 70% of your income.   People making 1,000 per year paid a 10% federal tax rate.   People making $200,000 paid 70% in federal taxes.

I don’t get what that has to do with anything. [/quote]

I also think these comparisons are rarely apples to apples. In 1970 the average new build was 1500 sq ft. Now it’s almost doubled, even though families are smaller. [/quote]

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