Reply to I know why Millenials can't afford houses and pay off their student loans..

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[quote=Anonymous]

Agree -

Amy Dacyczyn, author of the Tightwad Gazette, my personal finance bible, talked about when she was young, she felt she wasted a ton of money eating out and just having a high consumption lifestyle.  Then she learned that she wanted to be more deliberate about her finances and she started her newsletter and retired young.  This was 25 years ago.  Young people drinking coffee at Union Market on a weekend does not seem out of the ordinary.

The bigger issue is that popular urban areas are getting really expensive for all of us and we all have to decide if we need to make a different choice about where we live. Or due to our jobs, if we even have a choice.  My husband and I purchased a house in DC 15 years ago and the city has just gotten really, really expensive.

College debt is another issue.  It seems absurd to be 22 and have a net worth of negative 50K.

[/quote]

For many (most?) Millennials drowning in student debt, there is a Boomer who did not save for their kids education.  [/quote]

I don't agree - we have stopped funding secondary education - states and the feds. I know my parents went to Cal State schools for basically nothing.

[/quote]

this is exactly what I mean - the fact is there is no reasonable way we can possibly put 4 kids through college even if we move to CA.

Now blame us for having 4 kids.  I had a really high paying job pre-recession and one was an oops baby[/quote]

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