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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Stop your whining and get a therapist to help you deal with your very transparent issues with your parents. 
[/quote]

NP. My parents aren’t Boomers but I legitimately don’t see how people don’t understand why Millrennials/Gen Z/Gen Alpha feel enraged that no matter how hard they work they will never have the ability to build wealth the way previous generations did. [/quote]

Who do you think is going to inherit the houses and 401k balances of boomers?[/quote]

Real answer: private equity and asset management firms that own housing vulture funds, nursing homes, hospital networks, and physician practices. [/quote]

Yeah, people who discount this don't understand how it works. And the PP who mentioned that many Boomers amassed small fortunes with no or little skill is right, which is one reason Boomers are so susceptible to this-- many have no clue how to protect their money from being gobbled up by elder and end-of-life care.

Also, don't laugh, but scammers are a genuine concern. They are getting more aggressive and clever, there are more of them, and they know Boomers are sitting on piles of cash. I know of two Boomer men who recently got scammed out of thousands this way. It could have been a lot more.[/quote]

And to be fair, what is the special skill that the younger generations have? They can make a mean pivot table and slide deck? Most people aren't sitting at the top in a leadership position, they are sitting somewhere in the middle bored and daydreaming.

Also some of the jobs boomers have had successfully - nurses, teachers, etc, we still need desperately today. Are you knocking those positions? Are you being condescending to people who work low wage jobs?[/quote]

The irony is that you just proved our point: there are Boomers who have amassed small fortunes by having a career as a teacher, nurse, firefighter, low wages jobs, etc. They were able to buy property near job centers, had low cost for education (teacher or nurse), maybe a pension, decent 401K match.

Not at all possible today for similar jobs held by Millennials or Gen Z to amass significant assets as Boomers who held the same professions. This is the story![/quote]

My spouse and I are Millennials doing very well.  Much better off than my own Boomer parents, and probably on par with spouse’s Boomer parents.

But - we moved from our hometown early, prioritized savings and paying off debt young, and have been willing to take career opportunities that have necessitated several moves since then.

I am so sick of the constant whining of my generation and those younger.  It’s still very possible to have a nice life.  You just have to work for it and BE PATIENT.  [/quote]

I agree with this approach and it's what we are doing. You know who complains the most about the fact that we don't live in a big house and drive multiple luxury cars and take expensive vacations every year? My Boomer dad. If I listened to him, I'd be bankrupt, because he is MUCH more focused on us displaying outward signs of success than actually making smart financial choices.

Millenials didn't invent entitlement, impatience, poor money skills, lack of financial literacy. If people actually think Millenials whine more than other generations (I don't, I think everyone is the same), then ask yourself who raised these people. The apple never falls far from the tree.[/quote]

My mom hassled me for years to step up from my new 3 BR "starter" TH to a 4 BR SFH.   Never did.  First kid going to college this fall.  I don't have to downsize now plus I avoided 20 years of lawnwork and major home repair.  Win![/quote]

I've been understood the "starter home" concept.[/quote]

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