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Reply to "Millenials are ruining their parents retirement plans?"
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[quote=Anonymous][quote=Anonymous]As a millennial Ive come to realize all my friends that somehow can buy a 800k plus home had a lot of help from mom and dad. No wonder home prices are so high and what you can afford on a normal yet high salary 150k at 30 will never be enough to buy a nice home. [/quote] As an actual-middle-class GenXer, I stopped feeling bad about not owning my own home in my late 20s when I realized all my UMC peers' parents had paid their six-figure downpayments. This is not a generational issue; this is a class issue. Well-off parents pay college, weddings, house downpayments, and all sorts of other things that parents in lower socioeconomic classes are not able to.[/quote]
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