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

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[quote=Anonymous][quote=Anonymous]Why all the whining? We're 30 year old millenials and are not having problems financially. Dual feds, we own a sfh, have a child and plan on two more, paid off cars, etc. Paid off our student loans (80k).

We do not have the salary that my parents had at this age (dad had the same job my dh has, but it was enough to support a sahm), but we're doing just fine. We struggle with daycare costs and feel like we're drowning sometimes, but we saved up before having our child.

I have noticed that there is less inter generational wealth transfer than in generations past. Greatest generation hoarded it all and then Boomers spend it all. All of our grandparents are still alive with large estates (10-15 million) in their 90s. I love them and would hate for them to die, but as people live longer, less wealth passes on. My great grandparents all died in their 60s. My parents each receive 14k from each of their parents every year, that's 56k. And then they gloat about it and blow it on trips, appliances or cars. DH and I have never received any money and my parents say they will spend it all before they die. Seems to be the boomer mentality. [/quote]
It's not fair that your parents treat you that way but stop blaming all of the baby boomers for the crappy things your parents do.  You deserve better - but I don't deserve to be lumped in with your crappy parents.[/quote]

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