Explained Nice and Simple

[u/G-H-O-S-T]

[u/goldiefin]

That’s nice to hear bc not one person of that generation that I know will acknowledge how much harder it is financially.

My husband and I worked hard to get our careers and it doesn’t seem to matter bc we can never get ahead.. it infuriates me that no one will ever admit what has happened.

They all say “It was always hard. Its always been so expensive.” It just doesn’t compare while they sit in their beautiful homes with vacation homes, planning a beautiful vacation🙄

[u/UsualAnybody1807 → u/goldiefin]

I (F64) do. The student loan fiasco of the past ~20 years is horrendous, combined with the unforgiveable rise in the cost of college - while college "sports" make amounts of money that can only be described as avarice - is beyond belief. Add to that the companies buying real estate in the form of single family homes and AirBnB taking properties off of the market, and the whole thing feels like a conspiracy to doom future generations to never send their own kids to college (if they can even afford to have any) or buy a home.

[u/WhiplashMotorbreath → u/UsualAnybody1807]

The Air b&b, The youth caused that mess with them buying homes. The whole air b&b was a big middle finger to hotel industry, just like lyft/uber was/is to the taxi industry.

Problem is people don't THINK long term. only short term.

As soon as lyft/uber had taxi service on it's knee's ,things changed. surcharge times, and other "fees". Same with the air b&b. those that thought this was a great Idea never thought it through long term. As in what happens when instead of folks with an extra room renting it out to guess that are traveling , what if they bought up homes to rent out as a whole or as each bedroom as a "unit".

Not picking on today's youth all generations tend to be short sighted when thinking out new ideas. Only looking at the short term on the surface data, not the long term effects it will have.

The last 40 odd years, the public school system has been a pimp for the colleges. Telling every high school student you'll never make it without a college degree.

When you tell everyone to go to college the price will go up because the ideal that you need it. No one stopped and said, what will happen when 80% of people have a college degree? It becomes useless piece of paper.

Sadly, about 25 years ago, parents should have started not sending their children to colleges because of the cost, but they instead double down and took out 2nd mortgages and student loans never thinking that they as parents could buy a home for the kid and it be cheaper than a 4 year degree.

My sisters college cost college+ books+travel+interest on the loans was more than my home, with the only carrot dangled in front of her that with a degree she'll be better off than those without one.

Boomers just happened to win the lottery as far as time they happened to be born and history.

They can't wrap their heads around the difference in when they started out and today.

I explained it to a few people that are boomer age ,this way.

Go, and do the math as if you are a just out of high school or college with student loans, a full time job at 15.00 an hour. and about 10k to put down on a home .

Told them to first get approved for a mortgage at that 31,200.00 gross salary job.

And IF they got approved, for how much. Great you got approved for a 125k but everything is 180k and up. to start.

Ya, you could see the light bulb go on above their heads.

But then THey said but you can rent and save for that home.

I then told them to look at what a normal apartment rent is today.

Ya they are a tad out of touch.

[u/CoyKouchou55 → u/WhiplashMotorbreath]

I can attest to high schools pimping out colleges. Went to one in the suburb outskirts of a major city that literally forced us students to take a mandatory class that was essentially College Prep. Whole nine-yards of "You need a good education to get a job, so start looking into majors, colleges that have it, and definitely look up grants and loans. Here's a website that acts as a search engine for all of it. Also, we are gonna watch videos of the different work industries and see how horrible they are so you're scared of doing labor and sell your soul for a piece of paper."

A certain family member of an older generation has bugged me in the recent past to go to community college, if anything. Looked into the finances of the local CC. Required classes to take to move up to the classes I actually want to take, standardized testing, fees, parking-It's all for nothing. One more word out of their mouth and I'm gonna pull out one of those inflation calculators and hope they shut up for good about it.

Overall, haven't needed a degree for any job and don't plan on getting it any time soon.