Comment by ryandrake

Comment by ryandrake 2 days ago

> Given rent, saving for house downpayment, student loan payments, auto loan payments, and possible childcare/healthcare costs, I don’t think we live in the same reality (based on income statistics).

These things all come after savings, not before. If you can't afford them using post-saving money, then you need to get a better job, or a cheaper living conditions. Easier said than done, I totally agree, especially nowadays. But that's the mentality you need to really take saving seriously.

reactordev 2 days ago

They don’t want to hear it. They don’t understand because they haven’t hit middle aged with nothing. Experience is one hell of a teacher and I hope these young professionals realize what’s at stake. There’s no hand outs.

Reply View 4 replies

bluefirebrand 2 days ago

I hope they realize that they are probably going to have to take their fair share with violence because right now that is probably the only thing the wealthy class will listen to

Reply View | 3 replies
- reactordev a day ago
  
  If it has to come to that…
  People still have the power. Always have. They just need a reason to wield it.
  
  Reply View | 2 replies
  
  lotsofpulp a day ago
  
  Not in a democracy where the population age histogram gets top heavy and the old vote themselves more and more of the young’s income, explicitly via taxes and implicitly via backstopping asset prices at the expense of the currency’s purchasing power (since wage increases lag asset price increases).
  The old need a way to maintain a socioeconomic order where they can continue to get labor from the young, but demographics are going to make that harder and harder.
  
  Reply View | 1 reply
  
  reactordev a day ago
  
  You’re not wrong and it’s going to be an interesting next 20 years when there isn’t the young population to prop up the old due to economic depression.
  
  Reply View | 0 replies

DrPimienta a day ago

Rent comes after savings? Are you insane? And what if there are no better jobs that allow you to afford both rent and savings, as rent has increased for decades while wages have remained stagnant?

Why can't you just admit that millions of young people are being intentionally screwed out of what we consider to be a basic standard of living?

Reply View 0 replies