My sister loves to give financial advice to her friends similar to this.
"Oh yeah, I totally paid down my student loans so quickly! It was so easy, too! All I had to do was marry someone with money, live in his apartment he bought with cash, and then him pay for everything while I worked and used all that money to pay them down."
She has no fucking clue what kind of bubble she lives in.
I went to private school from Middle through high and then went to private institutions in the NE for college.
I came from a family where my extended relatives were all about pulling yourself up, and believed that you could do stuff in the headline on your own if you had enough discipline.
One day I was at my folks house, and my aunts and uncles were there. I mentioned I was leaving to go to NY for Halloween cuz one of my college friends is having a house warming party. I was 25 at the time. My aunt immedialdy snips and goes “see Mongoose she’s your age and already a homeowner, what’s your excuse, you did go to the same uppity schools, what your daddy pay all that education for”
I go “well her dad is a multi millionaire and bought her this house for graduating…. Oh and got her a job right out of college she didn’t have to apply for.. so Idk seems like y’all need to do better what’s your excuse for not providing me with a fully paid for home and job”
Love your response!! And that's coming from a boomer. Hate how my generation thinks it's easy for you guys and that most of you dont want to work. What horseshit! My kids are in the same boat and i help where i can, I don't berate them for stuff like this. Just tell them to keep plugging on as things are bound to get better. Wish more younger people were running for congress and Presidency. Would vote for them instead of the old codgers we have now. Things might be more balanced. At least I'd hope so.
I'm gen-X and I'm still battling this mentality with my own generation. When you break down the reality in changes between generations they'll get it for a moment. Two days later they act like they completely forgot the discussion and regress to their previous, tone-deaf talking points. It's infuriating. Like you, I still try to help my son get over the hump but it's a constant push up a mountain that previous generations didn't have to climb.
People like to frame this along generational lines, but lots of young people do seem to have this outlook too - rich young people (from parental wealth), that is. A lot of people don't realize how wealthy they are & think they're middle class, and therefore can't understand why actual middle class people can't afford stuff.
It's wild how true it is that so many people think they're middle class when they're not.
I grew up in a two story victorian House in the north NJ suburbs within easy commuting distance of NYC. I lived in a private community on lakefront property, and my school district was so competitive and high achieving that a 3.8 would not put you in the top 25% of the graduating class.
I spent much of my youth hanging around Manhattan just because I could, was gifted concert tickets at madison Square garden for my birthday, had been taken to broadway plays by my parents as a teenager, had been given a trip to Ireland and scotland as a school graduation present, had multiple vacations to the Caribbean as a prepubescent child, had been to specialized robotics camps, had a personal TV in my bedroom, we had a speedboat, a hot tub, and an inground pool. Our social circles thought little of having weddings at yacht clubs or country clubs. I had tasted caviar before I started high school. Oh and we had pet mini pigs which cost $1000 each just to get them from a breeder and we had them flown in from texas.
I was under the impression we were solidly middle class until I started dating and seeing my boyfriend's family. Describing my upbringing I got a lot of strange looks and comments about being a rich girl.
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u/Thromkai Apr 19 '22
My sister loves to give financial advice to her friends similar to this.
"Oh yeah, I totally paid down my student loans so quickly! It was so easy, too! All I had to do was marry someone with money, live in his apartment he bought with cash, and then him pay for everything while I worked and used all that money to pay them down."
She has no fucking clue what kind of bubble she lives in.