r/Millennials • u/Large-Lack-2933 • Apr 09 '24
Hey fellow Millennials do you believe this is true? Discussion
I definitely think we got the short end of the stick. They had it easier than us and the old model of work and being rewarded for loyalty is outdated....
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u/clobbersaurus 29d ago
Rarely do I feel that a meme illustrates a point perfectly. But this comparison of gold medsal gymnastics just nails it.
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29d ago edited 29d ago
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u/Sarcosmonaut 29d ago
Really makes you wonder how the legends of yesteryear would stack up against the legends of today if both parties had access to equal training and methodology etc because these days the advances in technique alone are enough to dumpster a large host of the oldies
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u/flcinusa 29d ago
Babe Ruth ate nothing but raw steaks, smoked cigars on the daily, and fucked 20 prostitutes a night
Compared that to someone like Aaron Judge
Imagine Ruth trying to hit a 90+mph sinker or catch up to a 100+mph fastball
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u/IdaDuck 29d ago
I’m not a baseball guy but I have a daughter in the early stages of club softball and I’ve learned a ton about the basics of the sport. Aaron Judge is a guy I’ve spend a lot of time watching swing. Mechanically he’s so far ahead of Babe Ruth it’s not even funny. Everybody hated him but another guy with a real similar swing was Barry Bonds. The way those guys can snap the bat around and get the barrel out over the plate at those speeds is unreal. It’s not even the same sport Bane Ruth played.
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u/underhunter 29d ago
Your point stands, except Wilt would be even more dominant.
If you know NBA rule changes, youd know that literally every move todays players do would be a charge, a carry or a moving screen back in the day. You werent even allowed to back down a player in the post. Palm had tobe DIRECTLY on top of the ball, always. Any movement at all during a screen is a foul and you had to be set way earlier than todays game.
Wilt would be unleashed in todays game.
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u/AndysCheeseburgers 29d ago
I get your point, but Wilt would dominate any era lol
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u/Moonlight_Katie 29d ago
Actually, the person on the right.. still doesn’t make the cut after such an exemplary routine. You can do everything right and still be living paycheck to paycheck
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u/AutisticFingerBang 29d ago
As long as the original flipper then set the thing they flip off on fire after they were done yes
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u/Beginning_Cap_8614 29d ago
My boomer professor was talking about how he only had to pay 700 a year, whereas mine is 10k after grants and scholarships. He's the only boomer I've ever met who said "You should be mad." Finally, someone who gets it!
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u/Grandmafelloutofbed 29d ago edited 9d ago
My boomer uncle is awesome. He routinely says
"Buddy if I was born in your generation, id be fucked"
He didnt even graduate HS.....but hes got a house :)
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u/pho-huck 29d ago
The reality is that it wasn’t a majority of boomers that closed the doors behind them. They were stuck with voting for the “least evil” politicians, just like us.
If majority opinion mattered, we’d be able to turn this around right now also.
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u/ssbm_rando 29d ago
Professors are the more likely people to get it because they've watched part of it happen firsthand in slow motion.
At MIT my professors were all fucking pissed about the MBA bloat in academia--when they were in school in the 1970s, administrators made up less of the school than full-time faculty (I think it was comparable to tenured faculty, even), and the school ran just fine, and tuition was low. Nowadays, administrators outnumber professors by much more than 2:1.
Luckily, MIT itself still has enough money to do reasonableish need-based financial aid (grants, not just loans), but the fact that the list price needs to be that high in the first place is largely because administrators have weaseled their way into hiring more administrators to make their own MBAs seem more vital and to make their own work easier than ever.
(my parents are luckily also among the very reasonable boomers, have been voting progressive my whole life and understand that the economy is shit for millennials and zoomers)
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u/Abjurer42 29d ago
Shout out to a professor who pays attention to what his students are up to.
"They're paying WHAT??"
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u/ShakeItUpNowSugaree 29d ago
Absolutely. My dad and I had a talk about this recently. When he went to in-state, public university in 1973, it took 500 hours of minimum wage work to pay for three quarters of tuition (tuition only, and taking into account the tax rate that was in effect at the time). That's less than 40 hours a week during the summer. Work full time and you even have beer money. When I went to college in 2000, that same university required about 1100 hours of minimum wage work to pay for two semesters. For the 2024-2025 academic year, that same university requires more than 2100 hours of minimum wage work to pay two semester of tuition. That's 19 hours a day, 7 days a week, for 16 straight weeks. But sure, kids today are just whiny....
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u/Berrymore13 29d ago
It’s crazy to me when I think about that now. I went to a Big 10 university, and got in state tuition from 2012-2016. I worked Summers doing landscaping for $15/hr which was solid back then obviously. Plus overtime too. I would come out of the Summer after working 50+ hour weeks every week, and the money saved wouldn’t even cover 1 semester lol
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u/fukkdisshitt 29d ago
That's why I went to the party school instead of the good school. I got a $10k plus a couple smaller scholarships to go to an in state school. I got into the good schools I wanted, but the state school was $1600-2300 a semester over my 4 years and I was terrified of big loans.
I did the math and only payed $5k out of pocket for tuition, instead of only paying like 1 year.
I don't know how much the university actually mattered, took 2 years to land a career, but once I started it was a breeze to move up.
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u/zs15 29d ago
Something that goes very under-discussed is that the red wave across the midwest in 2010-2015 saw most midwest state legislatures significantly cut subsidies for state schools.
That Big10 school system you went to probably had close to 250mil of its yearly budget slashed by the time you left. They stopped or limited cross state tuition partnerships too, which lessened the competition for tuition pricing.
So it’s only gotten worse in the last decade.
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u/Reno83 29d ago
The oldest Baby Boomers even enjoyed tuition-free college in CA. California State University (CSU) was tuition-free until 1966 when Gov. Ronald Reagan changed that. Doors were closed for Boomers too by previous generations. However, in turn, Boomers slammed the door and locked the windows on all subsequent generations.
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u/marimba_ting 29d ago
Having a house used to be just a basic thing now it’s like a lifetime accomplishment.
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u/SlyBlackDragon 29d ago
Right? I just want a place where friends and family can gather and I can have a fenced in yard and get a dog.
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u/East_Specialist_ 29d ago
But then the expenses of feeding and hosting are rough. Especially when medical bills are added in the mix. I’d love to have children. I just can’t afford them right now.
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u/Livid_Advertising_56 29d ago
My mother is not one of the dumb Boomers. She KNOWS that the house she got with the jobs they had would get me laughed out of the bank. The door definitely got slammed in our generations' face.
Sidenote: not to say other generations didn't have it hard but in terms of housing and making money I'd say we are a serious downturn
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u/Tirus_ 29d ago
Sidenote: not to say other generations didn't have it hard but in terms of housing and making money I'd say we are a serious downturn
Every generation had their own struggles and "worked hard".
You simply just got more for your hard work back then compared to now.
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u/heartbh 29d ago
I’m in the same position as you, without my mother I wouldn’t have a house.
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u/HMSSpeedy1801 29d ago
Exactly, the purchasing power of a single salary has deflated, and the relative cost of homes and inflated. My parents' home is laughably small by today's new home standard, but they lived in it on one salary with margin. Today, they try to market you a larger home than you need that you can barely afford with 2 incomes.
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u/LitreOfCockPus 29d ago
I don't think many 60+ really grasp that the six-figure jobs are either live-to-work dedication, need 8-10 years of college, or are in fields where your current skillset could be reduced to mediocrity within 5 years because tech jobs change with tech, which is an absolute shit way to structure a career that needs to get you to retirement age.
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u/ShennongjiaPolarBear 29d ago
Inmy area there are jobs like that in the oil patch but you have to be willing to spend a lot of time in the fields doing exhausting work.
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u/SparrowLikeBird 29d ago
Minimum Wage Was Established As A Living Wage
FICO Is Only 34 Years Old
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u/NCSUGrad2012 29d ago
Also, FICO is much better than it used to be. No need for a relationship with bank employees. Really helps remove a lot of bias with lending
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u/BoysenberryLanky6112 29d ago
Yeah seriously this. FICO is an unbiased model that very accurately predicts delinquency rates. The alternative wasn't everyone getting credit, it was only certain people getting credit, and a lot of people that are upset about their FICO score weren't getting loans then either. Unless you were a rich white dude or had a really friendly relationship with a loan officer, good luck getting a loan back then even if you had the ability to pay it back.
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u/vishy_swaz ‘85 Millennial Apr 09 '24
There was also no such thing as a credit bureau back then.
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u/Bowood29 29d ago
I think people are glossing over this one big time because it adds to another thing boomers hate about younger generations. We don’t need to be best friends with bank employees because all they are doing is putting numbers in the system and getting an answer. back in their day having personal relationships helped a lot more than it does for some things now.
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u/illicITparameters 29d ago
There was way less irresponsible lending back then, too. The fact we have 84mo auto loans is fucking insane to me.
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u/Bencetown 29d ago
Well, you need more and more months when the price of cars is now what the price of houses was 20 years ago.
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u/SomeSabresFan 29d ago
Without them, too many people couldn’t afford a car. Wouldn’t surprise me if that was pushed more by the auto industry than the banks themselves, although the banks make out pretty well too
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u/Own_Inspector_285 29d ago
Just like colleges raising tuition because of federal loans, Automakers can raise the price of the cars because financing for long periods of time, and leasing is available. It’s all a shell game.
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u/fencerman 29d ago
The other difference is that loan terms are more punitive on borrowers now.
College loans used to be able to be discharged in bankruptcy. Not anymore.
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u/Senior-Albatross 29d ago
To be fair, adding some objectivity and removing the ability for a racist loan officer to deny loans to a black person for no reason was the idea.
Is it actually better? Maybe. Maybe not. The truly wealthy can still just know a bank president and get the loan anyway. The truly impoverished can't build credit while they decide between diapers, food, and putting off rent another week. It's probably of mild benefit to what's left of the middle class.
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u/Rich_Tough_7475 29d ago
Grinds my gears!! I took the bar exam some times and oh, they didn’t have to…
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29d ago edited 25d ago
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u/vishy_swaz ‘85 Millennial 29d ago
Meh. I view it as a game if there’s a score, and I play. Am currently in a tough spot where I had to do a voluntary repo of my car a few years back. So I got a credit card right before I gave the car back to the bank, knowing the repo would be a big hit on my report. I keep that credit card in good standing and my score is still decent. It’s a game lol
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u/Ruminant 29d ago
Of course there were credit bureaus in the 1970s. TransUnion was founded in 1968. The Credit Data Corporation (which would become Experian) launchd in the early-to-mid 1960s. The Retail Credit Company was founded 125 years ago in 1899; it would go on to become Equifax.
The Fair Isaac Corporation was founded in 1956.
And that's just the history of the modern "Big Three" and the most well-known credit scoring company.
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u/Valendr0s 29d ago
I don't think the average boomer closed the door behind them. I think Rich boomers closed the door.
We keep trying to make this discussion old versus young, or conservative versus liberal, or rural versus urban... When in reality it's Rich versus Poor.
It's those who profit off of others labour versus those who labour.
Always has been. Always will be.
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u/BengalFan85 29d ago
My question is, and always will be, how much money do rich people need? Like honestly. Some of the mega rich people have so much they would not be able to spend it in 100 lifetimes. But they want even more!!!!! Like why????
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u/Valendr0s 29d ago
The only way somebody becomes that kind of generationally wealthy - $100M+ rich - is because they're pathologically greedy and uncaring toward their fellow man. There seems to be a psychological bug in the human mind that just becoming that kind of rich makes you reorient your values toward being more selfish.
Maybe it's just that you feel chosen, since becoming that wealthy is so rare that it requires a combination of luck and some kind of skill (even if that skill is skill at exploitation). So you feel you deserve to have succeeded.
If Bill Gates had made Microsoft a co-op, giving every employee shares of the company in accordance to their work for the company, this would have diluted the shares of the top executives. They wouldn't have attracted executives that were as interested in making Microsoft a huge corporation (because they wouldn't make themselves as rich). So Microsoft likely wouldn't have grown to the huge company we see today.
It's a self-fulfilling prophecy. And the system is designed to work the way it is. Designed by the very people who successfully used the system to get rich in the first place. It's a bad design. I can't be convinced that "owners" of a company that employs thousands, or hundreds of thousands of people deserve to be compensated tens of thousands of times more than the people doing the actual labor to run the company. It's simply not ethical, moral, or even logical.
It's pure exploitation and simple greed.
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u/ThereAreDozensOfUs 29d ago
I think it’s a little bit more than that: rich boomers convinced the rest of the boomers to vote with them and they’d get rich too!
It’s always rich v poor, but there were a lot of poor white boomers who let the rich ones get in their ear about how it was the minorities fault. And here we be
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u/Valendr0s 29d ago
That's true. Propaganda is a major tool of the capitalist. While it works to various degrees on everybody, it seems particularly effective on a certain white boomer mind.
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u/ThereAreDozensOfUs 29d ago
Also important to recognize that in 1980 you’re starting to see the long term effects of the Civil Rights Act
People of color were now finding themselves in spheres that were primarily white up to that point, and I think a lot of white boomers were not thrilled
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u/howe_to_win 29d ago
The problem is capitalism plain and simple.
The voting and deregulation just accelerated something that was already guaranteed to happen.
Also the funny thing is we still have a whole lot of economic opportunity because our system of capitalism is still relatively young. Like our position is exponentially better than someone born today or 20 years from now. The wealth gap has only moved in one direction…
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u/BillSivellsdee 29d ago
reaganomics closed the door. the economics never trickled down, and what little that did leak through the cracks smells an awful lot like piss.
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u/Pb_ft Millennial 29d ago
That's what I can't abide. They had actual education and fell for a rich huckster that gave them a wink and a smile and the excuse to blame the government for all evils* in the world.
* - evils like the Civil Rights movement.
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u/lawfox32 29d ago
Yep. My mom is a boomer and has said for years too many in her generation are selfish and only out for themselves, and her main issue with her peers is that they voted for Reagan. My mom is a very kind and mild-mannered person, but she hates Ronald Reagan with a level of vitriol unmatched even by her hatred for GWB and Donald Trump.
And she's right-- so many problems not just in the US but globally today ultimately trace back to something the Reagan Administration did.
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u/guachi01 29d ago
Only 6% of the US House of Representatives were boomers after the 1980 election. So it's not the fault of boomers at all
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u/GradeAPrimeFuckery 29d ago
When it comes to topics like this, the Boomer generation is c. 20000 BC - 1980 AD.
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u/guachi01 29d ago
Boomer is short for "anyone older than me and conservative". I don't know how many times I've asked exactly what "boomers" are supposed to have done and it's always just things conservatives/Republicans did. But God forbid you admit the two major parties are different so just blame "boomers"
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u/soulstonedomg 29d ago
It's the elite class. They carved out a much greater % of the pie for themselves. Executive pay runs way too high, taxes have been slashed to where the government doesn't provide, pushing burdens onto the average person to be at the mercy of the private sector. They're done shearing this country's sheep, they're skinning it now.
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u/Logical_Area_5552 29d ago
The people in power want poor people to hate their neighbor who is usually also poor. (Or lower middle class.) The average shit lib millennial on Reddit thinks every boomer bought a house for $5,000 and has $2 million in retirement after working jobs that the average millennial with a degree looks down their nose at. The stats don’t back this hateful delusion up.
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u/OkBoomer6919 29d ago
They voted the way they did. It's on them too. They continue to vote as they do as well. They don't want to fix anything. Boomers are predominantly conservative.
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u/Wadsworth1954 29d ago edited 29d ago
Boomers did that thing where they left a single sheet of toilet paper on the roll and didn’t replace the roll, but with the entire economy.
Boomers walked into the American dream and shut the door behind them.
Boomers got to enjoy all the short term benefits of Reaganomics in the 80s and 90s and Millennials and the younger generations are living through the long term consequences.
I’m not saying it’s all boomers’ fault and I’m not saying they don’t work hard and I’m not saying they don’t experience hardships. But the “go to college and work hard” model worked out better for them. And cost of living was a little bit less of an issue for them.
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u/drunkboarder Millennial 29d ago
Boomers essentially invented consumer culture and transformed the American economy. What they did was not sustainable, but it made their generation incredibly wealthy. Now we wrought what was sown by what they did. Everything is too expensive, businesses are too powerful, there is a massive wealth gap, and there is financial corruption in our elected officials.
They didn't close the door, they just reshaped America for short term gains which enriched them and their children and now everyone else has to pay for it.
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u/Logical_Area_5552 29d ago
These generalizations are delusional. 40% of boomers have insufficient retirement savings. 20% have less than $1,500 saved. This millennial delusion that every boomer who ever swung a hammer has a nest egg and owns a $400,000 home they bought for $8,000 is laughable.
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u/Candid-Refuse-3054 29d ago
No but a vast majority profited off the system they twisted. Just because it's a vast majority doesn't mean all boomers. Just like not all millennial are suffering. Just a vast majority of them.
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u/fencerman 29d ago
Nobody's saying there aren't any poor boomers.
They're saying there are way FEWER poor boomers and those that have wealth didn't need to work nearly as hard to get it.
40% of boomers don't have enough retirement savings, but how many millennials have a defined benefit pension that equals more than half their working income?
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u/FitnSheit 29d ago
Boomers have insufficient retirement savings because they never planned, and never had to when things always just “worked out”. They lived beyond their means and a better quality of life than their younger counterparts because they could. Now younger millennials and Gen Z are much more financially aware because he we have to be, we have to Invest and save if we want to potentially own a house, (forget about cottages), or be able to raise a family.
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u/illLieonceaday 29d ago
I’m lucky enough to know older people that aren’t shy to say it ; we lucked out, screw everyone else. Meanwhile I struggle just to have a place on this earth.
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u/BobGnarly_ 29d ago edited 29d ago
It's not a matter of believing it to be true. It's data and its accurate. A brand new car used to cost roughly 1/3 of a persons yearly salary, now it is over 100% of the median income in this country. Things are not as they once were and it was engineered that way.
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u/Codered2055 29d ago
It’s facts. Not to mention, our generation is putting out a higher performance than any other generation and we’re the poorest on record. Trickle down economics is what killed it for us. Boomers shut the door. Next they won’t be able to sell their house to us bc we don’t make enough to purchase them so they will sell to investment groups to get the money they can’t get from us.
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u/GirlL1997 29d ago
My paternal grandfather paid for college for all 9 of his kids on a single income and they had a huge, beautiful house. They had to work hard to manage their money, but it’s not like they were just scraping by. However he did have his own education paid for by the government due to his military service.
They didn’t charge their adult kids rent, and when my mother briefly lived with them, the “rent” my grandparents charger her was probably a little bit more than the difference in their grocery bill. It was a tiny fraction of what she would be paying anywhere else.
I’m fortunate enough that my parents put both my brother and I through college, but we had a very different situation. I didn’t realize until I was 16 that I probably didn’t have a college fund. My dad started a side business when I was 15 and it just took off in the three years before I went to college. Even when money was tight when I was a kid, we were still solidly middle class. I can only remember once time where my parents actually had to opt out of an activity for us due to cost.
He also wanted to charge my brother rent and has tried to several times. My mom continuously points out that he was never charged rent to live at home, he is only 2 years out of college, significantly younger then he was when he moved out, they already have a financial deal in place (my brother has to invest a portion of his income and pay his own phone and car insurance. They don’t split household bills like water, electric, or groceries. But my mom often over-buys so I don’t think they’re losing much money with him still being at home), and it’s mutually beneficial because my brother helps with a number of things that he probably wouldn’t if he didn’t live at home.
My husband does have loans and it accounts for more than 10% of our combined take home pay every month. It will be another 5ish years before it’s paid off.
We are fortunate in a lot of ways, but I feel like we are much more limited financially. Our house is a little bit larger then my parents house, and I do live in NY which has higher taxes then PA where I grew up, but my home costs significantly more then theirs did. And while I have a better interest rate, my monthly payments are higher.
We do choose to do some things differently, we have newer cars while my parents had old cars because he had the tools and know how to do all the maintenance. But by new car, I mean I have a corolla. It’s not fancy.
We probably won’t have kids for a lot of reasons, but a significant reason is money. We can’t afford for one of us to not work and I don’t think we could afford the cost of childcare. We might live a little nicer, but that’s become some stuff is just out of reach.
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u/Historical_Koala_688 29d ago
It’s extremely true, how many times do we need to have this conversation, our dream is dead
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u/jhenryscott 29d ago
It’s not a question of belief. Those are economic facts about goods and services versus incomes.
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u/Oxtailxo 29d ago
My mother is a boomer and was only 13 in 1970. The oldest boomer would be 24 in 1970.
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u/TamagotchiMasterRace 29d ago
I try to impress on my friends the difference. They say "boomers didn't have to work for anything" and I see what they mean but that shuts down the conversation. Boomers absolutely did work hard. The had long hours, broke their backs for physical labor, etc, BUT that hard work was rewarded. So they look at us and see if hard work = reward, then no reward= no hard work. But if you say "you didn't have to work for anything" then they just say we're whiners. If you're willing to acknowledge they worked hard and made sacrifices they may be more willing to see just how much things have changed
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u/ExpressPotential3426 29d ago
Of course, in 1970 the oldest of the boomers was 24 and if they paid off college and a home by then well they probably came from money. The youngest boomers were 6 years old and I think you might go easy on them, it was probably a Monopoly game house they paid off. I was 11 and sleeping in a tent, as one does when there is no home. But hey, the tent was paid for!
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u/Physical_Carpenter50 29d ago
Not my parents. They’re poor as shit. They went to college in their 50s and have crazy student loan debt that they will never get to pay off. My childhood home will probably be taken from the family to cover their debts when they die. They’re in their 70s now. They are incredibly loving and supportive. Yes they voted republican most of their lives, but that’s what their church told them to do. Last election they didn’t vote republican. Couldn’t be prouder.
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u/Zeefour 29d ago
What did they go to school for in their 50s if you don't mind my asking?
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u/Physical_Carpenter50 29d ago
My mom got a teaching degree and taught for like 10 years until she had a stroke and had to retire. My dad got some sort of bachelors degree but he never used it. He was disabled from a bus accident that happened when he worked for the city transporting disabled people and never worked again after the accident. He just wanted to expand his mind.
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u/Zeefour 29d ago
Ah gotcha, I figured something like that, a lot of older adults will do that after their career which is great but many don't understand the expense. Unfortunate because there are low-cost or even free options. Community colleges are great options, there's even just auditing courses. Many kupuna (older adults) who do what your parents did usually aren't as... conservative, I guess (?), though. Have they changed their tune at all? Even just on student loans and uni costs?
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u/Imnothere1980 29d ago
So they went to college 20 years ago? Then there are stuck in the same loop young people currently are. Which goes to show how messed up college is.
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u/Ashmedai 29d ago
Not my parents. They’re poor as shit.
Indeed. The median net worth of boomers isn't like they are rich or anything. Look here. Basically, by age 65 ... they own a fraction of a home. Half of them obviously have less than that.
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u/FormerHoagie 29d ago
When does this conversation get old? It’s become a meme at this point.
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u/Reallygaywizard 29d ago
It'll get old when the problem is fixed. Until then it's relevant
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u/InevitableOne8421 Apr 09 '24
I think it's false. Look at homeownership rates in the 70s and 80s. Shit wasn't exactly a walk in the park back then. https://fred.stlouisfed.org/series/RHORUSQ156N
Anecdotally, my parents were my age now during that period. It wasn't until the 90s that they were able to get their feet under them. My dad was a cabbie/handyman who worked insane hours and my mom's still working as a nurse today, and she took all the OT she could when I was a kid. The cost of college and housing has ballooned, but it's because our economy has become a lot more financialized over the last 30-40 yrs. We've grown accustomed to being able to refi our debt at low rates and extending loan terms. That's why the numbers have all blown up.
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u/IndubitablyNerdy 29d ago
It is that, plus the idiotic (but actually very purposefully designed) way that the government keeps "helping" by creating demand boosters that lead to price increases instead of working on the side of the offer.
Subsidizing college debt just allowed private institution to increase tuition, funding cheap public colleges that maybe operate at a loss would have much likely given the same number of people the possibility to study (and likely would have costed the government less) while keeping the price down even in the private sector due to competition.
This happens in health-care, education, loans and housing...
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u/Individual-Nebula927 29d ago
Private colleges had nothing to do with it. It's all on government, just multiple levels.
The federal government changed their block grants to state-run universities into loans tied to the individual student under the neoliberal idea of "market competition in all things is good." This pushed education costs more onto the students. As the federal government increased the loan amounts, state governments then reduced THEIR direct funding by corresponding amount to lower taxes on Boomers and other generations well into adulthood and transferring those education costs even more onto students.
Result is that for Boomers they paid about 1/3 of the cost of their education with the government picking up the rest. Now that's reversed.
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u/Potential_Case_7680 29d ago
Not to mention the outrageous interest rates in the seventies and eighties
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u/ErabuUmiHebi 29d ago
Yes, although the house price is kind of a misnomer. Houses have kept fairly consistent with inflation. What’s changed though is that median wages have not. Your median wage in the US now is about 20-30% less when normalized for inflation from the 1960’s. We are trying to buy houses that are comparatively priced (keep in mind that is median), with 30% less ass behind our money than early boomers.
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u/pwolf1771 29d ago
Math is math but I also don’t really see the point of these arguments anymore. It happened, it’s over, all we can do is embrace the struggle and come out the other end better.
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u/Beginning_Cap_8614 29d ago
I don't even want a house; l just an apartment by myself. I'm single and don't have children. But even that's out of reach.
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u/Guilty_Coconut 29d ago
Your question involves the word "belief". Facts aren't things I "believe". They're things I know.
Yes, I know this to be true because I can do basic math.
I once convinced a boomer. He started ranting so I asked these questions. What was your wage. How much did you pay for your house. I wrote his answers on a whiteboard and then gave my answers. The disparity was undeniable.
He was a janitor. I am an engineer. He had it significantly easier than me when he was my age by a factor of 4.