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

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[quote=Anonymous]**sorry, messed up the quoting above. So my comments don’t get lost-

I’m sorry but you really have it all wrong and your one personal anecdote doesn’t override what consumer statistics actually show.

Some highlights-

In today's dollars, Gen Zers and millennials are paying nearly 100% more on average for their homes compared with what baby boomers paid in the 1970s.

As of 2022, the national CPI has increased by over 500% since 1970, while wages have only increased by 80%.

https://www.consumeraffai...tions.html

And these wage comparisons do not even take into account that a college (or higher) degree is now more required in the workforce compared than decades ago. Nor does it touch on the huge spike in childcare costs.

Sure there are many millennial aged posters on this board who are better off than some boomers were back in the 70s and 80s (perhaps than you and your husband). And there have been technological advances that have raised the standard of living for everyone since that time.

But overall, I don’t understand the absolute insistence on the part of older people to somehow deny that, financially, younger people today have it harder today than they did. I know as a millennial that Gen Z has even worse financial prospects than me (they are too young to have benefitted from historically low interest rates). I can admit this and have empathy for what they are struggling with.

For some reason though, so many older people take it as an *absolute personal offense* to read anything about how their generation on the whole had much better economic prospects.[/quote]

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