Anonymous
Post 11/08/2018 21:16     Subject: Plan for future citizens of this country regarding money?
Climb that ladder

I’m 32 making over 100k with no college education
Anonymous
Post 11/08/2018 21:15     Subject: Plan for future citizens of this country regarding money?

Hmm. Welcome to Old Europe. Except you still have a killer employment rate compared to European countries.

20 years ago when I was graduating high school in France, it was "La Crise". We've never really gotten out of it in France. That's why communists and far-right parties do so well.

The reality is that if Level 3 countries (Level 4 being the USA, Japan and Europe) develop at the rate they've been doing for the next generation, the new trade hub will be in the Indian Ocean, not the Atlantic.
The entire economy will shift east (Africa will be a significant player as well).

So this is what you teach your kids: how to be flexible and adaptable. How to learn new languages (not the European ones). How to live and work in other countries. Maybe they won't need it, but their children surely will! And above all, how to invest wisely in Asia and Africa, because inequalities will keep widening and there is nothing more powerful than inherited wealth.

Great unknown in this prediction: the effect of climate change on Level 2 and Level 3 countries, and their domino effect.
Anonymous
Post 11/08/2018 21:03     Subject: Re: Plan for future citizens of this country regarding money?
Anonymous wrote:DH and I got married 40 years ago. When we finally had enough money for a down payment mortgage rates were 15%. It was insane. But we worked hard and continued to save every dollar we could and when rates came down below....10%……we bought a home. Still insane! You have to learn to suck it up and play the hand you're dealt. No one said that life was meant to be easy and I can assure you it isn't. But it's manageable if you don't bitch and whine.


With that interest rate, what % of your take home was your mortgage? What did you pay for daycare?
Anonymous
Post 11/08/2018 21:02     Subject: Plan for future citizens of this country regarding money?
Anonymous wrote:So is everyone supposed to live with roommates until they are 30 or married (which is really just another version of having a roommate/multiple income household).


Why should there be a period of time when people have an entire dwelling to their single selves? It’s inefficient and not historical. Historically single people who didn’t live with a spouse, their family, or a military base lived in a room with a shared bathroom at the end of a hall.

I graduated college in 2006 and everyone got roommates.
Anonymous
Post 11/08/2018 20:37     Subject: Re: Plan for future citizens of this country regarding money?
DH and I got married 40 years ago. When we finally had enough money for a down payment mortgage rates were 15%. It was insane. But we worked hard and continued to save every dollar we could and when rates came down below....10%……we bought a home. Still insane! You have to learn to suck it up and play the hand you're dealt. No one said that life was meant to be easy and I can assure you it isn't. But it's manageable if you don't bitch and whine.
Anonymous
Post 11/08/2018 20:33     Subject: Plan for future citizens of this country regarding money?
Anonymous wrote:So is everyone supposed to live with roommates until they are 30 or married (which is really just another version of having a roommate/multiple income household).


Why until they are 30? Apparently 20-early 50s is the trend

https://www.nytimes.com/2018/03/04/technology/dorm-living-grown-ups-san-francisco.html
Anonymous
Post 11/08/2018 20:22     Subject: Plan for future citizens of this country regarding money?
So is everyone supposed to live with roommates until they are 30 or married (which is really just another version of having a roommate/multiple income household).
Anonymous
Post 11/08/2018 19:29     Subject: Plan for future citizens of this country regarding money?
Anonymous wrote:The stats seems to say that the current generation of young people will NOT do better (financially) than their parents. No eating out for you!

There is no reason for people to be compensated at comfortable or reasonable level. It would be nice, but why would employers pay one penny more than they absolutely have to? Seriously.


Exactly. Capitalism doesn’t mean fare wages. It means max profits are king. Companies bough back stock and increased ceo compensation in the last decade instead of increasing wages. And also got a lot more efficiency from their employees at the same time who worked harder to keep their jobs.
Anonymous
Post 11/08/2018 19:27     Subject: Plan for future citizens of this country regarding money?
Anonymous wrote: I’m not sure if this is a economical problem or what. I just find that it was a bit ridiculous that I have gone to school for four years got a degree and a good field and still can’t afford the cost of living. Even getting a job is difficult. Like I said, I’m in a good field but all jobs wanted at least two years of experience which I didn’t have coming out of college. All I had were debts. Even now it’s very hard to make ends meet so I clean houses on the side and I also donate my blood for extra money.

I know that the Republicans want to go back to what they considered ideal times. But fiscally speaking, and those times it was a lot easier to support yourself an even a family on one salary. What do you see as the future for youth in this country who are going to need to support themselves one day?

Those times are never coming back. Confluence of postwar needs and technology boom etc. And they were only “easy” for white men and some married women. Everyone else had to hustle just like they do now.
Anonymous
Post 11/08/2018 19:18     Subject: Plan for future citizens of this country regarding money?
The stats seems to say that the current generation of young people will NOT do better (financially) than their parents. No eating out for you!

There is no reason for people to be compensated at comfortable or reasonable level. It would be nice, but why would employers pay one penny more than they absolutely have to? Seriously.
Anonymous
Post 11/08/2018 18:39     Subject: Plan for future citizens of this country regarding money?
I had a degree, roommates and cooked at home when I was in my 20s. That was the 1990s. Not sure things are so very different now.
Anonymous
Post 11/08/2018 18:36     Subject: Plan for future citizens of this country regarding money?
Anonymous wrote:
I'm pretty sure there are things I we can all do differently. I'm employed (Associates degree RN) but it is still hard to make ends meet. People who work 40 hrs a week should be able to eat out. On top of not eating out, you're suggesting pressure cooker beans as if that is some sort of panacea to our issues?


Dining out, as in having someone prep your meal and serve it to you? Hate to break it to you, that's a luxury, not a right. No one is saying it's a panacea to life's problems. The OP gave a practical suggestion. At some point people who whine about these things need to realize that at the end of the day, whining gets you nowhere. Keeping your head down and being pragmatic about your situation is what help.
Anonymous
Post 11/08/2018 17:47     Subject: Plan for future citizens of this country regarding money?
Anonymous wrote:I'm sorry OP - that is rough. I feel for your generation - my kids are a few years behind you. Healthcare costs, lack of pensions/forced retirement savings and low wages are a huge problem in this country. I expect at least one of our kids to head overseas to make a better life for themselves.

Here are a few suggestions:

1. look at expenses and see where you can cut. Are you shopping at places like Aldi? If not, start. Avoid buying processed foods. Learn to cook beans with a pressure cooker and make your own. No coffees out and only a meal out here and there.

2. Start researching how to best prepare your resume and yourself for eventual interviews. The economy is roaring so you want to find a job now while they are hiring. It will stop growing probably in the next year or two. Find free resources from your city govt for low-income people looking for jobs. See if you can get some free job prep training.

3. Keep learning, especially business skills - watch lectures online, read online newspapers - keep bettering yourself.

4. Cold call a few people in your field, your alumni office etc and see what you're missing and fix it so that you're more employable in that field. Have you uploaded your resume to Zip Recruiter and Indeed? Are you making sure your cover email, resume and applications are error-free?

5. Take a hard look at yourself-are you dressing nicely, clean and tidy, staying in shape, looking your best and presenting a confident, well-spoken person to the world?

Good luck!



I'm pretty sure there are things I we can all do differently. I'm employed (Associates degree RN) but it is still hard to make ends meet. People who work 40 hrs a week should be able to eat out. On top of not eating out, you're suggesting pressure cooker beans as if that is some sort of panacea to our issues?

The issue is that after spending $$ at college for a degree, we are finding that the degree is worthless without experience behind it. Volunteering keeps coming up as the way to get experience and I wish people suggesting it would just check their privilege. We can't all afford to volunteer for the amount of time/week that would be equal to a PT job! If I have a spare 20 hrs in my week, I'm picking up extra shifts at work so I can *maybe* have something left over at the end of the month. I have a friend who has a degree in a good field but she keeps being pushed to get a masters... as if a Master's is free in terms of money and time. Millennials aren't trying to buy diamonds and furs, we just want to be able to buy health insurance, rent, groceries and gas and not having to only choose 1.
Anonymous
Post 11/08/2018 17:11     Subject: Plan for future citizens of this country regarding money?
I'm sorry OP - that is rough. I feel for your generation - my kids are a few years behind you. Healthcare costs, lack of pensions/forced retirement savings and low wages are a huge problem in this country. I expect at least one of our kids to head overseas to make a better life for themselves.

Here are a few suggestions:

1. look at expenses and see where you can cut. Are you shopping at places like Aldi? If not, start. Avoid buying processed foods. Learn to cook beans with a pressure cooker and make your own. No coffees out and only a meal out here and there.

2. Start researching how to best prepare your resume and yourself for eventual interviews. The economy is roaring so you want to find a job now while they are hiring. It will stop growing probably in the next year or two. Find free resources from your city govt for low-income people looking for jobs. See if you can get some free job prep training.

3. Keep learning, especially business skills - watch lectures online, read online newspapers - keep bettering yourself.

4. Cold call a few people in your field, your alumni office etc and see what you're missing and fix it so that you're more employable in that field. Have you uploaded your resume to Zip Recruiter and Indeed? Are you making sure your cover email, resume and applications are error-free?

5. Take a hard look at yourself-are you dressing nicely, clean and tidy, staying in shape, looking your best and presenting a confident, well-spoken person to the world?

Good luck!

Anonymous
Post 11/08/2018 16:27     Subject: Plan for future citizens of this country regarding money?
I’m not sure if this is a economical problem or what. I just find that it was a bit ridiculous that I have gone to school for four years got a degree and a good field and still can’t afford the cost of living. Even getting a job is difficult. Like I said, I’m in a good field but all jobs wanted at least two years of experience which I didn’t have coming out of college. All I had were debts. Even now it’s very hard to make ends meet so I clean houses on the side and I also donate my blood for extra money.

I know that the Republicans want to go back to what they considered ideal times. But fiscally speaking, and those times it was a lot easier to support yourself an even a family on one salary. What do you see as the future for youth in this country who are going to need to support themselves one day?