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]I skipped from about page 6 to page 20, but in what I read nowhere did I see this stat cited: Since 1985, the overall consumer price index has risen 115% while the college education inflation rate has risen nearly 500%. Meanwhile: The wages of middle-wage workers were totally flat or in decline over the 1980s, 1990s and 2000s, except for the late 1990s. The wages of low-wage workers fared even worse, falling 5 percent from 1979 to 2013.

Saying "Starbucks is $5/cup!" or "responsible ppl pay off their loans, tsk tsk" is not really useful in a vacuum. Things have changed in ways that can't be blamed exclusively on supposed character defects of younger people who, as usual, have somewhat different values and cultures than older people.

Enjoy your social security. We won't.[/quote]

+1.  [/quote]

+10000000[/quote]

I mean, this. Yeah, young people can be irresponsible with money.  That has always been the case. And, guess what? Older people can also be irresponsible with money.  The difference here is that older folks (I'm mid-40's fwiw and have worked since I was 14) had lower tuition, smaller loans, better job and salary prospects, and more sound retirement options that younger adults today. Some of them will be lucky to have the help of Social Security.

So, you just sit back in the house you bought for a small sum way back when, with your fat pension and guaranteed social security, taking up a job that a younger person can do but you won't move on and enjoy your retirement . . . but don't you dare criticize people for having a few luxuries in life when they have a fairly bleak financial prospect compared to what you had. [/quote]

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