My ancestor's traveled across the Atlantic by ship with nothing more than their skills as manual laborers and the clothes on their backs.

You have to relocate to a lower cost of living area if you want to buy a house, a car, have a family. It's not that traumatic. Just move. Find a job somewhere in the Midwest. You might even make more money. Everyone your age wants to live in California or New York. That's just not possible.

Anonymous wrote:

Anonymous wrote:What are you complaining about? If you're a woman, you might be able to work from home if you become a mom. You don't know how lucky you are. The WFH jobs didn't exist not too long ago.

Exactly. And don't forget the paid six weeks of maternity leave this generation gets. I went into the hole and took leave without pay to take time off when my kids were born.

Interesting. I didn’t get any paid leave from my job when I had my kids. Why do you believe everyone in “this generation” (those of us having kids now—I’m a millennial but lots of first time parents I know are gen z too), gets paid parental leave? There is still no federal mandate for paid parental leave. Some jobs offer it, some don’t.

Anonymous wrote:

Anonymous wrote:Asset prices are insanely pumped right now, anyone just starting their career with no family money to help is screwed. Growth is probably going to suck for the next 20-30 years because of how overvalued the stock and real estate markets are right now. I’m pissed that I was born too late to benefit from any of it. Older generations got their 7%+ returns and now gen Z and younger millennials will be stuck with crappy 3-5% returns based on most forecasts.

True. But at least we get to benefit from our parents’ wealth. I got a six-figure down payment for my house and also get a $30,000 annual gift tax-free from my parents. Their parents could never have afforded to give them those types of things.

Who is this “we”? You’re just talking about yourself. My parents are wealthy. They give me nada.

Anonymous wrote:On the other hand, you'll be alive 30-50 years longer than the others..

Possibly not. Have you seen how much gen z eats? They're also prone to mental illness..

Does Gen Z care more about health?
Gen Z is twice as likely to share personal health information for guidance on navigating the healthcare sphere. They struggle with mental health issues 1.9 times more than other generations — but 24 percent attend therapy online or in person, compared to 11 percent of people from other generations.Jan 23, 2023

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Asset prices are insanely pumped right now, anyone just starting their career with no family money to help is screwed. Growth is probably going to suck for the next 20-30 years because of how overvalued the stock and real estate markets are right now. I’m pissed that I was born too late to benefit from any of it. Older generations got their 7%+ returns and now gen Z and younger millennials will be stuck with crappy 3-5% returns based on most forecasts.

that is how I felt in 1987.

Haha I was about to say exactly that. I was so upset that people just a few years older than me had big houses in Cleveland Park and Cathedral and I could “only” afford a small unrenovated Adams Morgan row house.

Same! I graduated into the early 90s recession. I had no concept of saving for retirement or the stock market. I just focused on whether I had enough for groceries and the occasional night out with friends. A few years and smart career moves later, I was able to buy a tiny house for what I thought was a crazy amount of money ($275K) from that lucky older couple (from a privileged older generation) who had bought it for $59K. How unfair! How unjust!

My son won't get a house for what I paid, but he'll get on the property ladder with a 1-bedroom $300K condo. He'll trade up and up and all will be okay.

Ah to be so young, so naive, and so self-centered as to think that prior generations didn't deal with their share of financial struggles. I graduate from college during a significant recession. I had to work 3 jobs (not exaggerating) in order to pay my rent - I'm not complaining just explaining. I learned a lot about life and my finances during that time. And since that early 90's recession I've had the pleasure of experiencing 3 additional recessions during my current adulthood, one which nearly broke this country (2007-2009).

Anonymous wrote:

Anonymous wrote:OP you weren’t born yet, so you don’t remember waiting in line for gas for 2-3 hours. You could only go on certain days based on if your license plate ended with an odd or even number. Mortgages were 18%.

Good thing I don’t drive.

You never ever use any form of transportation that uses petroleum? No Uber, no cabs, no trains, no airplanes? Interesting.

FYI — there were natural gas shortages and electricity was scarce, as well (there was a federal law that made it illegal to use natural gas to generate electricity).

this is dumb.

Youth is truly wasted on the young.

And here I was thinking this would be a thread about someone whining that they missed Woodstock.

Anonymous wrote:OP you weren’t born yet, so you don’t remember waiting in line for gas for 2-3 hours. You could only go on certain days based on if your license plate ended with an odd or even number. Mortgages were 18%.

Good thing I don’t drive.

OP you weren’t born yet, so you don’t remember waiting in line for gas for 2-3 hours. You could only go on certain days based on if your license plate ended with an odd or even number. Mortgages were 18%.

Anonymous wrote:Absolutely.

The way it’s currently operating it’s socialism for the boomers and the dregs of capitalism for younger millennials and zoomers. A modern FDR would serve us well.

You mean with a jobs program or are you just looking for handouts?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Asset prices are insanely pumped right now, anyone just starting their career with no family money to help is screwed. Growth is probably going to suck for the next 20-30 years because of how overvalued the stock and real estate markets are right now. I’m pissed that I was born too late to benefit from any of it. Older generations got their 7%+ returns and now gen Z and younger millennials will be stuck with crappy 3-5% returns based on most forecasts.

LOL. Cheer up, OP. You could've been a Boomer and have been drafted to Vietnam. Or born to children of the Great Depression. It was a barrel of laughs.

+1. My grandparents are Holocaust survivors. Thank god I was born too late. Thank god I was born at all. Get a grip, OP.

+1
The chance of YOU (specifically) being born in infinitesimally small. Even smaller to be born into a country with a financial system set up that allows you to invest legally. And born into a family to give you the education to enable you to have the mental and financial resources to invest. We've never been at a better time in the history of the Earth. And even more so if you're female or really anything other than a rich white male

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Asset prices are insanely pumped right now, anyone just starting their career with no family money to help is screwed. Growth is probably going to suck for the next 20-30 years because of how overvalued the stock and real estate markets are right now. I’m pissed that I was born too late to benefit from any of it. Older generations got their 7%+ returns and now gen Z and younger millennials will be stuck with crappy 3-5% returns based on most forecasts.

OMG, shut up stupid entitled millennial/gen z brat. I'm so sick of you guys complaining all the time about how your lives are so hard, mommy/daddy are just awful people, blah blah blah. Grow up. You're presumably in your 30s you should consider acting like ite.

-Young Gen X.

K boomer

That doesn’t work because they’re literally not a boomer.

anyone older than millennial is boomer mindset

Well we don’t stay in our 20’s forever. Neither will you. What an idiotic remark.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Asset prices are insanely pumped right now, anyone just starting their career with no family money to help is screwed. Growth is probably going to suck for the next 20-30 years because of how overvalued the stock and real estate markets are right now. I’m pissed that I was born too late to benefit from any of it. Older generations got their 7%+ returns and now gen Z and younger millennials will be stuck with crappy 3-5% returns based on most forecasts.

OMG, shut up stupid entitled millennial/gen z brat. I'm so sick of you guys complaining all the time about how your lives are so hard, mommy/daddy are just awful people, blah blah blah. Grow up. You're presumably in your 30s you should consider acting like ite.

-Young Gen X.

K boomer

That doesn’t work because they’re literally not a boomer.

anyone older than millennial is boomer mindset

Yeah, why not group all of them into one! What an idiot.