My dad is a boomer, he made a comment yesterday that sums everything up perfectly: “My generation partied and lived it up and now we’re making your generation pay for it without a care in the world.” He’s not the typical boomer, he’s actually extremely resentful of a lot of his generation.

@kevinstreeter6943

21 күн бұрын

You are right. He is not the typical Boomer. Most Boomers struggled hard to survive. They did not party all the time. They had it the hardest.

@user-te3qq1rb7u

20 күн бұрын

@@kevinstreeter6943lmfao

@anthonyvaldes1021

20 күн бұрын

​@kevinstreeter6943 what do you call the 70s?

@AriDanielsMusic

19 күн бұрын

​@@kevinstreeter6943Found the entitled boomer

@covercalls88

19 күн бұрын

@@mernyr as in any generation, there were those who partied and those who didn't. I had a good time,

As a gen Z, my retirement plan is the social and civil collapse.

@8YoureRetarded8

22 күн бұрын

⚡️⚡️

@Maxah333

20 күн бұрын

Hey that's mine too! My plan B is a tent in the woods

@Brennan_the_smith

19 күн бұрын

My retirement plan is the best bottle of wine i can afford and fresh bread with a 38 for dessert

@timjrgebn

18 күн бұрын

Mine is just flat out leaving. F*** this mess.

@bruhbutwhytho2301

18 күн бұрын

Homelessness or refugee

"I don't get what the big deal is, I paid my way through college and bought my first house at 24!" *college was $700 *house was $25,000

@talisikid1618

Ай бұрын

Not when I went.

@user-ot9bf1pw4f

Ай бұрын

So who supported you to get through college? Also how old are you? A house at $25,000 😂😂😂... These days you can can't even buy a garage for $25,000.

@bluefire10169

Ай бұрын

Right 👴

@Walkinfaaaast

Ай бұрын

“I went to school full time and bagged groceries 5 days a week. Before I graduated I had my school paid off, bought a new home and bought a car. Why can’t you do that? It must be laziness.” - boomers

@user-wd3po8sd7k

Ай бұрын

@@Walkinfaaaast I get it now. Yes, Boomer’s had it easiest. even my generation, Gen X had it easier than millennials and Gen Z today. However, the younger Gen Xers are in the same boat as millennials. It’s tough out there these days.

The way my grandparents built their wealth was by building a shack, living in the shack with an outhouse, then using that to build a small house, then moving into the small house before renovating the house one room at a time and making it bigger and bigger until it was a family home. If i tried to do this today, i would be shut down by the government because the ladder has been pulled up and hard work is now punished.

@funsizedi88

18 күн бұрын

Yup, legally you can't have something without running water/waste removal. The only way to do something like that now is get land that has well/septic and put an RV/trailer on the land and build a house behind it. Which, 9/10 would be even more expensive than just buying a house. Plus, to get a loan like that takes even more income/better credit score, permits out the ass, contractors with licenses, bulk orders of materials in the 10s of thousands for each order, etc. We looked into and it's a shit show and unless you can find a plot of land in the middle of nowhere- its never gonna happen. It's so frustrating and makes me feel defeated.

@bobowon5450

18 күн бұрын

@funsizedi88 you can either be homeless in a tent, or own a 3 bedroom family home. You cannot be anything in between. You are screwed or part of the 1%

@ericsmith6677

10 күн бұрын

well now a days youd be lucky if the city didnt condem your shack because we live in administrative police state not a free republic

@bobowon5450

10 күн бұрын

@ericsmith6677 my uncle bought some land here in canda. Put a tent on it. And the government shut him down

@capo4ever334

10 күн бұрын

You also need a million permits and the house has to fall EXACTLY in line with zoning regulations lol my grand uncle literally built his house with a few saws and a hammer lol his house had to be torn down when he sold it because it wasn’t regulation

1980 Household salaries were often 1 income, whereas today it’s often dual income or subsidized by a 2nd job. This makes the difference between 1980/2024 even more appalling

@user-dj6lx1ns2e

Ай бұрын

... and median income then was $15,000, not $22,000!

@thefalsehero

Ай бұрын

@@user-dj6lx1ns2e A quick google search shows $21,000 for median household income in 1980. Still a bit off from the video, but not 15k

@dreamingflurry2729

Ай бұрын

What? I mean I seem to remember that it was one income per family in the 50s for most people, but in the 80s? Hell, I thought most women in the 80s had gotten smart already and refused to be totally dependent on anybody! Still, over all I agree! Hell, with two incomes you should be able to put 1 income away into investments (I mean my fraternal grandfather was a skilled labourer (he had learned a trade) and he earned enough money to buy land, build a house, have 1 or 2 holidays per year, afford food and clothing and hobbies (and he had 3 kids, too)...sure grandma did work on occasion, but not all the time and they were able to afford a decent life without her working) ps: No, I am not in favour of housewives, I frankly think they are disgusting - but it should still be possible to live like that (and not have to live at the ass end of nowhere, because yes in small towns it might still work, but in places most people actually want to live? No way!)

@user-nq2oz8tf2l

Ай бұрын

@@dreamingflurry2729 Women working had a negative effect on salaries. More workers = more competition. Ironically they are still dependent and refuse to accept men who make less than them so relationship problems have only become worse. Nevermind so many mothers, like my own, neglected their kids to pursue their careers. With both parents working a lot of us basically were neglected.

@Hdc2390

Ай бұрын

That's crazy the role of women isn't to be just slaves to the home, husband and kids. No one acknowledges the sacrifice of the wife and mother and now in America they want to make it worse giving women no choice. Unbelievable

Always keep in mind that there is literally no fucking reason for things to be this expensive. It's all priced up so those who already have money can get more money.

@monkemonkerson5620

10 күн бұрын

I agree, things shouldn't be nearly as expensive as they are. It's unjustifiable. Basic everyday cars aren't worth 30k, basic 2 story houses aren't worth 415k, taxes are forever a b*tch and groceries are driving more people to get on assistance because no one can spend a third of their income on basic food items.

@seabreeze4559

8 күн бұрын

ponzi

@dennydude

5 күн бұрын

Yup. It is important to know the difference between price gouging and inflation.

@Correction-zl2oe

4 күн бұрын

So do they really need gold plated yachts and do they think their fortresses will protect them and finally do the elites have zero fear of God lol?!

@snintendog

3 күн бұрын

This is why to gold standard was so important. You will notice the VERY MOMENT we split our FIAT from Gold Everything went up. Sure the 1980s were AMAZING but THEY SOLD OUR FUTURES then. Now its Unbearable.

People saying "Well, I'm a millenial and doing just fine!" Good on you, i commend that. Most of the rest of us aren't doing sonwell but also not asking for handouts either. We don't live in a time anymore where mistakes can be made. Not everyone can start over financially. It used to be that way, but not any more and we want that back. We want affordable homes not bought up by greedy corps buying up land and homes, jacking up the price. We don't want cars that cost triple of 5x what they were just 20/years ago. We don't want married couples both having to work 40+ hours just to afford RENT! We oppose the "You will own nothing and be happy, eat ze bugs" agenda!

@76ersALLDAY

29 күн бұрын

Boo hoo. Im 25. Worked in faat good ever since I graduated high school. Never took out student loans, never used a credit card. My work has a 4% 401k match that I took advantage of the day I turned 19. I'm currently worth around $400k, OWN 2 vehicles, and half of a rental property. I work 25 hours a week making hamburgers. Tell me again how well college worked out for you IDIOTS 😅😅😅

@jgrif7891

27 күн бұрын

I don't think people understand how much better life could be.

@whitemakesright2177

25 күн бұрын

And if you read between the lines, the Millennials who are "doing well" either had lots of help from family (both in terms of money and connections), they work all the time (70+ hour weeks), or they've gotten lucky and never had any major setbacks (health problems, layoffs, divorce, etc.).

@Vacerous

24 күн бұрын

"Just invest in bitcoin" is the updated version of "just work harder"

@joesmith8701

22 күн бұрын

i tell all 18/19/20 year olds to apply for a council house now i got socal housing thank god

If you take away the richest 5000 people in the US that avarage income gets almost halved.

@rayzerot

Ай бұрын

I saw that Facebook post. It's made-up. I went and checked the actual numbers. I still believe the system is fucked but we don't have to invent numbers to prove it

@LegDayLas

28 күн бұрын

He was using median numbers for a household (aka 2 contributing members). So yes, it does get halved :D, but for different reasons.

@Pclav

27 күн бұрын

@@LegDayLas Median household income comes from 2 people, one may not have an income. If one person does not have an income they do not count towards individual income counts. Those make for interesting statistics, especially when you start looking at the very top earners and how their incomes impact what's shown as "general population stats".

@whitemakesright2177

25 күн бұрын

Median already accounts for that. Look up what "median" means.

@vulpinemachine

23 күн бұрын

Median isn't average.

I was born in 1963 and I see it. It's never been easy. But young people today have challenges that I never had to face.

@fkscopes

9 күн бұрын

50s to 2000s in America probably the greatest time in history especially for the Middle class. Honestly though we all still have it better than 99.9% of human history and most of the world currently.

@joeydepalmer4457

2 күн бұрын

LIKE?

@badass6300

20 сағат бұрын

@@fkscopes Funny because for 99.9% of human history you could just claim a free piece of land and build a house on it... Sure overall it was much worse, but at least you could do that. Now you can't build a house on your own on land that you own.

"Due to economic downturn, the light at the end of the tunnel has been turned off." Good luck.

@covercalls88

Ай бұрын

No it hasn't been turned off, but put further down the tunnel. Many see it coming, but few will plan for it. It's not going to be easy, that's for sure.

@WyldStallion-bs9oo

29 күн бұрын

3:00 A big issue with housing is simple...IMMIGRATION. You know thats true because birth rates in the USA are declining. Yet the population is increasing.

@bn951

27 күн бұрын

They couldn’t afford the electric bill.

@tommyz1082

25 күн бұрын

My father always taught me, if you see the light at the end of the tunnel, get off the tracks because it's a train coming". He's a Boomer. Little did he know, his generation was the train.

@WyldStallion-bs9oo

25 күн бұрын

@@tommyz1082 I think the boomers thought about leaving some eduction/college money for their kids and then leave them on their own to get a job and earn money and a living the same way they did. Errr..they seemed to not realize that they stole from future generations to maintain their standard of living. My focus for my offspring is less on education and more on housing. The education comes easier if you not have to worry about housing and there are alternatives to the old college university system now.

Boomers forever: don’t raise taxes. Boomers in retirement: raise taxes! The “I got mines” generation. But they don’t believe in communism and socialism though ;)

@W333L

Ай бұрын

They really did get theirs huh. Got my house, no more houses! Got my career, no more entry level jobs! Got my investments, no more taxes for cashing out!

@andrewmeiklem5098

Ай бұрын

They all have their war stories too! Eating baked beans for years and no power lol but they forget we were there too and its just a way they can brag to us they got their cheap house and it's fun to brag about it

@franko8572

Ай бұрын

“I got mines” is a black expression, not boomer.

@ericlencher2356

Ай бұрын

it is beyond comical how dumb communists and Marxists are. it's like they have never studied a single communist or socialist economy at any point in history. Every generation is becoming more narcissistic, entitled, and lazy. You argue for policies that create the problems you think you're going to alleviate. Why is it that the left wing cities are the most expensive, crime ridden, filthy, violent places in America? Democrat policies have caused MASSIVE inflation, so all of that money Boomers saved over the past 50 years lost 35% of it's value in just 3 short years of Joe Biden and open border policies. Imagine dedicating 50 years of your life to working, then retiring, and here comes Joe Biden. You had banked a million dollars to retire, expecting to live the next 10-15 years quietly in a downsized florida condo where the cost of living is lower than where you worked. Then Biden opens the border, starts printing money at unprecedented rates, funding genocide in Gaza, wars in Ukraine, Yemen, and Iraq, has us on the verge of WW3 funding war in Ukraine, and that million dollars is now only worth 650k. Literally more than a 3rd of what you saved just evaporated because of left wing economics. It amazes me how intellectually stunted Communists and socialists are. You contribute NOTHING to society.

@Melvin430

Ай бұрын

The boomer generation told us, "sink or swim". While sitting in a lifeboat.

Everytime I explain to the boomers at my job I get “Nobody cares, work harder like I did.”

@darlenegattus8190

21 күн бұрын

Asses

@saltymonkey8874

21 күн бұрын

Ya, they're full of shit. My old man's a boomer and says his generation are a bunch of morons.

@chrisreid8298

21 күн бұрын

Animal farm would be a good read for them.

@Budd631

21 күн бұрын

@@darlenegattus8190in my dads defense he was drafted into Vietnam. Current generations don’t have to worry about that (so far anyways). Not everything is monetary.

@darlenegattus8190

21 күн бұрын

@@Budd631 true, so was my Dad! Very accurate point.

I am a millennial and finally bought a house. Only to discover the horrors of property taxes. Be prepared to pay the equivalent of a one bedroom apartment to the government every month even after your house is paid off in full. 😢

@Jbs6187

Ай бұрын

Yep, we need to disband government. It does literally nothing for the hard working people in this country. Just robs us.

@nigafaka

Ай бұрын

The foreign wars ain't cheap

@jasono2139

Ай бұрын

"BUT DON'T YOU CARE ABOUT THE SCHOOLS?!?! 🤪" Classic property taxes.

@MrsWheezer

Ай бұрын

Yes. Those zooming housing prices correlate with zooming property tax and insurance.

@jasono2139

Ай бұрын

@@MrsWheezer they're correlated ...because they're correlated by definition. I've never lived anywhere that didn't collect property taxes based on the supposed property value.

As a married gen Z couple this sad reality makes my wife and I feel pretty hopeless on the prospects of owning a home.

@scotishdude

Ай бұрын

Good luck I'm 30 and have given up entirely

@andrelockridge9109

Ай бұрын

It work for my generation handsomely. But home ownership is overrated!

@Whiskey11Gaming

Ай бұрын

All of the usual budgeting tips apply. Don't eat out all the time, set a budget and stick to it, refuse to buy a new thing because it is new, don't buy brand new cars where you pay for the depreciation, and don't eat out all the time. Go watch some of Caleb Hammer's financial audits of people. He can be cringe with the yelling, but you'll see the common pitfalls people end up in and find ways to avoid it. With meal prep and good budgeting he's got people on a balanced diet for around 300 per month per person in Texas. Most people in his show have huge problems with eating out all the time and the biggest place to make cuts is to that spending.

@WyldStallion-bs9oo

29 күн бұрын

Yeah you are in for a rough one if the population keeps increasing. We need a total cease on immigration and start deporting people. The birth rate is actually declining. The only way to help the housing situation is to reduce Demand.

@AlwaysGrowing0

26 күн бұрын

The average income needed to buy a median-cost house in the United States in 2024 is 117k. On a single income that is out of reach for most. However, you are fortunate. You do not have to do it on a single income. 117k/2 = 58.5k. If both you and your wife can make roughly 58.5k a year, together you can buy a house. You don't have to do it alone, you are a team. The days of the husband working and having a stay-at-home wife to raise the kids are mostly gone but home ownership is still possible for two people combining incomes.

I’m 38 I’ve been working since I was 14, I made it to the top of a medium sized company only to realize that my salary of 76 k a year put me no where near home ownership in CA. I know work for myself but still drive Uber, instacart and work a part time job at a restaurant. Home ownership doesn’t look remotely possible as a single guy. Good times

@michaelelias2300

27 күн бұрын

Yea but you also got to consider that your primary job in itself is already towards the "exception factor" and also include that your working THREE JOBS and STILL cant afford anything.

@TookAHikeNowWhat

8 күн бұрын

What is the company, a hot dog stand? How have you let yourself only make 76k if you're at the top of a medium-sized company? If your salary grew at a snail's pace all that time then maybe it was upon you to have been a responsible-individual-in-an-economy and move to a new job to increase your salary. Still though, I get it. I'm in the same boat too. The thing to complain about is: Why doesn't years of loyalty payoff as much as moving jobs? Why are workers forced to move jobs to upgrade themselves? Need to look at the scale of the company and whether it has paths of advancement available. If not, maybe some program where over time you get equity for the years of work.

@Krystalwatchesvideos

5 күн бұрын

Right there with you. I’m in the SF Bay Area. Good luck finding a home under $1M. Single female bringing home $98k annually. Still NOT possible.

I am 37. Been employed since 16 years old. The way things are going, I am going to work until I die. I have zero faith in Boomers trying to make things better for their heirs, housing ever truly being affordable for my generation, or Social Security being solvent when I am retirement age. I have no hope for a brighter future. I fully expect to have a heart attack and die at work in my old age.

@donm2067

Ай бұрын

Just to be revived and put back to work lol

@covercalls88

Ай бұрын

My question to you is what did you learn in school? What did you do in High School to prepare yourself for a career in the trades or college. My son is about your age and he planned out his career path in high school. It didn't all work as planned. But he managed, him and his wife have good jobs, two kids, and a home.

@Bob-ko6bh

Ай бұрын

My son is 37. I often tell him to prepare for retirement. I suppose he’ll figure it out. He’s doing exceptionally well financially with his career. No college, just a stint in the Marines and hard work there after. He just works, and works, and works. He has a family, so that’s what he has to do. He’s a man, he’s a husband, he’s a father. He doesn’t put faith in anyone to provide for him and his family. He just does it himself. No belly aching.

@sirazazeloflowkey6424

Ай бұрын

​@@covercalls88 I have two college degrees, one in digital front-end design and one in communications, I also have 25 sertidicates for professional hosting. I am in the same position as the guy that made the original post. I will ask you a counter question : Who does your son know that is helping him or helped him by virtue of having that connection. Truth is, it's not what you know, it's who you know. So who is it your son knows?

@sirazazeloflowkey6424

Ай бұрын

​@@Bob-ko6bh What does he do for work? How did he get into that position? Aka, who does he know that made that possible?

Could we also add the price of cars becoming outrageous! I think the average car payment is around $600-700 a month. And average price of a brand new car is $40,000-$50,000?

@Thalanox

Ай бұрын

Maybe I'm the weird one here, but I don't quite see the value of new vehicles. Is it nicer than an older car? Sure, probably, but I don't think that that level of upgrade is worth all that extra money. Now, I also had to get my used vehicle during a very high time in the market, so I clearly don't have all the answers.

@notsogrimadventures3053

Ай бұрын

@@Thalanox I don’t either (I have a 1997 Toyota Avalon and 2010 Toyota Corolla), but this is just a fact in today’s market, same with the housing prices compared to incomes.

@covercalls88

Ай бұрын

Yes, prices are totally insane. Back in Aug. 2017, I bought a used 2017 Dodge Journey with 3000 miles for $15,300 out the door. Almost 7 years and 75,000 miles later I can still sell it for $11,000. Something has gone astray.

@Thalanox

Ай бұрын

@@covercalls88 I've known more than one person who could sell their years old used vehicle for more money than they bought it for.

@covercalls88

Ай бұрын

@@Thalanox I did it 15 years ago when I sold my 69 Z/28 Camaro, but that was because it was a collector car. A few years a cousin of mine sold his Tesla for more than what he paid for it because it was in short supply at the time. My Dodge Journey was nothing special and what I paid for the 7 year old car included sales tax and transfer fee of over $1400 which I wouldn't get back if I sold it.

As a millennial, I truly don’t think I will ever retire. I will work until I am dead. I’m 35 and have no retirement. I make decent money as a programmer, but since everything is so insane and expensive now, I don’t see it ever being on the table for me.

@NeighborhoodWatchMann

Ай бұрын

That's why I'm done working! If you see it the way that we all see it, then why even continue go to work in the first place? Seriously why even go I'm asking you? Because it seems like you're still going to go

@andrelockridge9109

Ай бұрын

I believe you'll be able to retire just don't fall for the marriage Scam!

@deathtouchltd

Ай бұрын

@@andrelockridge9109 I have been with my wife for 14 years. Been through the most hellish things life can throw at you and she has been by my side through all of it, she ain’t going nowhere and she takes her role seriously. We are both very happy. So you can drop that mess

@deathtouchltd

Ай бұрын

@@NeighborhoodWatchMann Because I have a family to support. I’m the man and leader in my house. It’s my responsibility. What kind of question is that?

@NeighborhoodWatchMann

Ай бұрын

@@deathtouchltd Damn, yea you have no choice!! youre tied up! You have to do it no matter what.

gen z is cooked. thats why so many kids these days want to be online influencers. its because there is an infinitely high ceiling of how much money you can make, and youre not locked in with student debt and other things which make life miserable.

@johnpatrickkotermanskijr6308

21 күн бұрын

Honestly, becoming an influencer is like becoming a rockstar. You have to know tech, video-editing, social media trends, creativity and you have to be consistent. Realistic? About as much as becoming a rockstar.

@Maxah333

20 күн бұрын

It takes nothing less than that level of success to make it nowadays. It is either that or become a corporate slave until you die.

@MisstressMourtisha

15 күн бұрын

Exactly

@tinypoolmodelshipyard

14 күн бұрын

.1% success /99.9 failed corporate slaves. What other options are there though. Keep grinding but almost every influencer who tries will fail. Just like rappers, rockstars, sport stars.

@dennydude

5 күн бұрын

It has a low barrier to entry. You don't need 20 years of experience to start lol

All the boomers with 1 million bucks. Please don’t accept social security. You don’t need it.

@alfre4554

Ай бұрын

Need? They were extorted for it.

@stevenchapple8987

Ай бұрын

But it’s o. K. To pay into it just for it to fund millennials and gen z’s mental illnesses? That’s not what it was meant for. And no gen x didn’t get through it. We’re paying for it now yet we’ll never see it. I agree our country is way off track. Gen x spent all their money raising millennials and on participation trophies aren’t cheap when everyone gets one. I feel your plight millennials and gen z. Maybe you should think critically before you vote for someone just because his old ass caressed your ego and feelings. Funny thing is gen x either gets forgotten or blamed for your problems. We took on responsibilities at 10 years old that a lot of millennials still can’t handle or comprehend. Every action has a consequence whether it’s good or bad. Let’s take control of our country now before the politicians destroy us all. Quit crying over feelings and come back to reality where pride was something you showed through your accomplishments not because you feel entitled.

@andrelockridge9109

Ай бұрын

😆😆😆 Yeah right! Retired early &Debt free! Of course I'm going to collect my Soc.Sec. when I turn 62 later this year! Son what are you smoking?! I payed into it,grab it what's coming to me before the system collapses! Tootles😁😁😁

@covercalls88

Ай бұрын

@@andrelockridge9109 I think he wishes you will just donate it. A million bucks or more may not last as it can easily be chewed up by medical expenses or inhouse care if you need it later.

@The_Natalist

29 күн бұрын

​@@andrelockridge9109 Maybe if your generation had more children than we wouldnt be in this mess 😒

Labor productivity has more than doubled since 1980. Millenials are producing more than twice as much as boomers did at the same age. Not only that but millenials are far more likely to have multiple-income households than boomers (many boomers could fairly comfortably provide for a family on a single income). "Stay at home moms" are just not a thing for millenials anymore. Anybody who is saying we're "lazy" is profoundly misinformed. That's just what the rich oligarchs who run our country want you to believe. Always blaming the victim.

@79glane928

10 күн бұрын

Because there are 3x as many of them.....i think you are easily mislead by silly statistics

@seabreeze4559

8 күн бұрын

where is the proof on our production?

@doc_sav

5 күн бұрын

Glad you pointed this out. It is brutal, in some of the lower tier jobs, what you are doing is tracked down to the minute for compliance. Mid level tech jobs now require you to know and work with multiple programming languages, across multiple architectures and environments BEFORE you even start, while knowing and adhering to whatever flavor of the month development management scheme is in use. I have read work records from the 80s. A solid day for a middle manager was finishing the rough draft of a memo for someone else to type, hitting a couple of meetings and then going out to golf with clients. My dad was a regional sales manager and had a company car, typist / secretary, cell phone, paid relocation, and full health insurance coverage. I still have genx and boomer people I work with who need help because they "aren't good with computers", and write emails that make them look barely literate who think it is weird that I could "only" afford a townhouse at 39, and don't trade my 2 12 year old cars in for a nice reliable Tesla. I have worked so much, so many nights, weekends and holidays (which by the way, was also not a normal practice that has now become mandatory) that I am starting to feel permanently burned out, which scares me because I have 0 retirement savings and I know that I will have to work until the day I am completely incapable or dead, barring some miraculous windfall. Also won't be leaving much to the kids. It's depressing, especially when people just blame you for it.

@joeydepalmer4457

2 күн бұрын

WOW YOU HAVE NO CLUE. MY MOM AND DAD WORKED, I WORKED AND SO DID MY WIFE BELIEVE IT OR NOT

It’s scary because I’m 31 and already started the process of looking for a house. Great video

@skippyzk

Ай бұрын

Just move away from the city. Get a usda loan. Look on their website

@winninglifeyo

22 күн бұрын

@@skippyzkAlways the answer - move away from the places where you’re more likely to have more work options. I work in Cybersecurity and now live in Arkansas because I took a promotion which included a transfer. Housing is definitely more affordable but not much else. Also, there is 0 public transport here so I have to own a car and have insurance, put gas in it. In NYC $180/mo metro pass is all you need. So what am I really saving? I looked to see what opportunities are here in my industry and they are severely limited and if you’re starting out in this field, you’re making $30k less than what you would elsewhere. So telling people to move without knowing what they do is not well thought out advice.

You could also look into the Supreme Court decision that effectively mandated that publicly owned businesses need to prioritize profits over all else. Can't remember what the exact case was called but it was Henry Ford v his shareholders. Ford wanted to pay his employees(including his assembly line workers) wages that would allow them to purchase one of the cars that they helped make, his shareholders wanted to cut costs to increase profits and took him all the way to the Supreme Court. The Supreme Court sided with the shareholders. Pretty sure I don't need elaborate further as to why that has been a major negative factor for today's living.

@Razzy-sr4oq

Ай бұрын

That case basically made the dystopia latrine pit we live in today. It is antithetical to how capitalism is actually supposed to work. You know how to make copper wire, right? Just toss a penny between 2 shareholders. It doesn't help that our anti-trust laws are actively being ignored and insider trading is everywhere.

@nathanlaleff4273

Ай бұрын

@Razzy-sr4oq I also think that our "anti-trust" laws are explicitly being used as weapons against companies that actually care about the consumer. For instance, Valve is currently being sued for having an "anti-competitive" clause in their digital merchant contract that mandates that IF you want to sell your game on Steam, then you need to keep your pricing consistent between digital platforms. Sure, it doesn't let you manage your prices across sites differently, but that's the point. You aren't going to be able to sell on steam for $40 and a third-party site for $20 to get sales up and scab out differing competitors. In terms of terms, you also can't do the opposite by boosting your price on a limited access digital market(like xbox or psn) just to make more of a profit due to lack of options. Keep in mind that the contract clause only applies IF you want to sell on Steam AND another digital market.

@jwil4286

Ай бұрын

you can't blame the Supreme Court for that; they were just following the law. you CAN blame Congress though; they MADE the law.

@D-mann-9000

Ай бұрын

The case you are thinking of is Henry Ford vs. Dodge, to which it is half true that the Supreme Court sided with the Dodge Brothers. The truth is Ford had essentially priced even smaller businesses out of the market and created a monopoly. They also said that "maximizing shareholder value" was stupid and only agreed to break his monopoly on the market. The only people who were happy with the decision were the Dodge brothers, and the other shareholders were also pissed because they would make less money in the long run (it was completely circumstantial) 😂

@gerhardolivier6285

Ай бұрын

That sounds about right, corporate executives/shareholders are the greedy parasites that create a large part of daily problems.

As a Boomer - I agree with everything you said. Instead of finding fault and blame, we should be helping you by supporting what you are trying to do to make this a better country for all generations. Keep it up!!!

@rayzerot

Ай бұрын

Thank you. It helps knowing there are people out there like you

@NeighborhoodWatchMann

Ай бұрын

Thank you for realizing! It hurts so much to know that a lot of this is fact, but for some reason it's our fault LOL

@deltacharlieecho4732

24 күн бұрын

Don’t worry, I do blame your generation.

@SqueakyBarbarian

24 күн бұрын

@@deltacharlieecho4732 you are right to do so. I am literally in the last year of being a boomer and I have spent quite some time waiting for boomers to die off. But here we are.

@deltacharlieecho4732

24 күн бұрын

@@SqueakyBarbarian Western civilization, a culture that has done nothing but rapidly advance for 2000 years has been destroyed by a coordinated effort between boomers and feminists. Unfortunately if you’re even adjacently associated with either group, I have no sympathy for how you will be viewed historically. Frankly, you’ll be on par with nazis and communists.

Politicians wont change anything. The money has already been printed and inflation never goes backwards. Welcome to the new normal.

@LegDayLas

28 күн бұрын

Important correction- they wont make anything better. They can and do print more money and push programs that make things worse.

@alexlindekugel8727

20 күн бұрын

not true there is deflation. down side it really fs it up for awhile. then start over.

@Maxah333

20 күн бұрын

As long as fractional-banking exist, on the long term, it can only go up. They create nothing yet still generate wealth. The way this absurdity adjusts itself is within the value of our money. When you take a loan, they charge you with the price of that loan + the interest. The money for your loan is generated out of thin air and effectively destroyed when it is fully paid off. But the interest still needs to be paid! Where does the money to account for the interest comes from?

@duitk

14 күн бұрын

​@@alexlindekugel8727deflation means economic collapse, like great depression situation. Its worse than inflation. Nah we are just screwed it is what it is no politician is going to save us, specially not pro business politicians.

@markstevenson5917

11 күн бұрын

Many of the politicians are the problem. They make so much money per year on a job many of them keep for decades and are so out of touch that they think the average American can live comfortably and happily on minimum wage without really having had to work for their living in the same way. Wouldn't it be a wake up call for them if they were forced to do their jobs and afford the lives they lead outside of work on federal minimum wage?

I don't see how buying a house will protect us from higher prices as we age. Property taxes and services will go up even if the mortgage is paid off.

@LegDayLas

28 күн бұрын

Yes, housing will never be "free", it's still drastically cheaper to pay rent to the government (property tax) than it is to pay 10x that to a private entity for rent.

@shiptj01

28 күн бұрын

@@LegDayLas But it takes decades to pay off a mortgage. In the meantime, a private entity is still getting money from you in the form of interest.

@cydonia3167

23 күн бұрын

In most places, when you reach a certain age you can have your property taxes capped so they won't continue to increase. If you are still renting, it is very unlikely you will be able to retire as rent will continue to outpace your income. It does take a long time to pay off a house but it's worth it. And worst case scenario, if finances become tight you can always do a reverse mortgage to supplement your retirement income. Home ownership provides a lot of different options while renting will do nothing but drain your bank account.

@Ant794

21 күн бұрын

I’m honestly just gonna rent in a place I like living lol

@shiptj01

21 күн бұрын

@@Ant794 Amen.

They don't want to hear it and they don't care. They'll just say that we're lazy and entitled and that we have good quality of life because we have smart phones and streaming apps. Then they'll victim blame us for being broke because we spent money on smart phones and streaming apps. I'm so done

@covercalls88

Ай бұрын

No it's not really the phones and streaming apps. Boomers are looking at the general saving and spending habits.

@cosmicllama6910

Ай бұрын

​@@covercalls88 no phone or streaming app will afford someone a HOME if they abstain the other things. For the younger gens, we HAVE to make life worth living now with things like streaming apps, because we can't have anything to realistically work towards or look forward to. If I knew cancelling Netflix and keeping my old phone forever would guarantee me enough for a house in a decade, of course i would do it happily and look forward to it, but there's no point even trying now so streaming apps it is.

@covercalls88

Ай бұрын

@@cosmicllama6910 I made a mistake I should have stated It was, " just not the phones and apps." The millennials and GenZ does have different habits. They are going to have a harder time of it and it is going to get worse. I built two other steams of income besides the salary from my main job, thisv allowed me to spend a little extra and save/invest the rest of it. So when I got laid off the money saved helped me through a rough patch. Even in retirement besides my stock investments, IRA, Roth IRA, and SS I keep one of my old streams of income going in case SS goes bust. Netting about $350 a month for 8 hours of work.

@Whiskey11Gaming

Ай бұрын

​@covercalls88 this. Between inflated housing expectations for a house (1600sqft in 1980 vs 2400 today) and life style creep (eating out all the time, new phone every year, subscription services, etc) there are plenty of places to shave in a budget. Watching Financial Audits on KZread, people have jacked up spending priorities. Just cooking at home eliminated some 500 dollars of spending in my budget every month. That's a lot. I only made 75k last year.

@rickywilliams1586

Ай бұрын

​@@Whiskey11Gaming There are people who do exactly what you say. Have multiple jobs. Yet still struggle. When 75k isn't enough to live comfortably there's a problem.

Minimum in my state is 15/hr, all apartments cost more than $2,000 and you need to have first last and security and good credit and prove you make triple the income.

@LynnFurDaWin3

Ай бұрын

Minimum is $7.25/hour in my state, they'd get away with $5.15 if federal law wasn't $7.25.

@GloomTrap

Ай бұрын

@@LynnFurDaWin3 It's so bad everywhere you go and they confuse you by making up different rules everywhere you go lol I'm sorry guys I hate the state the world is in right now, I hope you all stay safe and sheltered and keep your heads above water cause that's the only fighting chance we have

@GloomTrap

Ай бұрын

It's rough all over and there's lots of people tryna say it's not. It's not fair to anybody. I hope I can see it change in my lifetime but history shows a sorry track record.

@LynnFurDaWin3

Ай бұрын

@@GloomTrap Tell me about it. I have a Culinary Arts degree and 9 years of cooking experience. Yet, these cook jobs are offering $12-15/hour and they require a degree and 3+ years of cook experience. I rather not work 🤷🏼‍♀️

@mikehawk302

Ай бұрын

@@LynnFurDaWin3Yeah ikr, it’s bogus.

As a baby boomer, I agree baby boomers had it easier economically than the generations after. I also prognoses the difficulty forty years ago for future generations if corporate greed was left unchecked. In 1979 I worked a union job in NYC making $9.00 a hour, after tax I was able to pay my rent of $200.00 month with one week salary and have money leftover for grocery and transportation. In 1991, I purchased my three family house for $200.000, today it's worth 2,000,000. In my opinion, the biggest disservice baby boomers committed against their children generation, was not to fight and keep union jobs in the private sector, which was the stewardship that advocated for the middle class.

@rayzerot

Ай бұрын

Amen

@TshepoKotelo

Ай бұрын

No, it's how boomers vote. Boomers voted for the people who are destroying our future

@hueco5002

Ай бұрын

If there’s an investor in your neighborhood looking to turn 8 or 9 single family plots into a 6 story high density apartment/condo building…you’ll be voting FOR it, right? Even if it ruins your view? Even if it makes your 2M house only worth a measly 1.6M? Right? Right? Or will you nimby out like the rest of the boomy’s?

@langhamp8912

Ай бұрын

Most rental units are owned by boomers, yes? So this system is working exactly as designed. And most houses are owned by boomers, yes? Again, working exactly as designed. What most people don't get about "the unfairness of it all" is that giving much of your money for housing to the previous generation is feudalism working exactly as intended.

@andrelockridge9109

Ай бұрын

You have a short memory! Don't remember '73 oil embargo,stagflation,'79 Iranian revolution/oil shocks. Recessions of '80 & '81. Interest rates of 21+%??

I'm a Gen Xer and everyone I know who bought a home in my generation did so with the help of the bank of mom and dad. Yes, there are about 6% of people in my generational cohort who are in the top quintile, but most of us got stuck way down at the bottom of the career ladder because of all the boomers blocking the path up the career ladder. I was into my late 40's before I was able to advance beyond entry level. Not because I didn't have the skills, but because all of those jobs were and still are blocked up by boomers. I'm in my mid 50's now, and I look at upper management who are well into their 70's saying things like, "I could never retire! I love my job!" So, I'm planning a "Golden Girls" style retirement: living with a bunch of roommates while the boomers "age in place" and continue to lock up housing supply in 2,000 sq ft, 4 bedroom homes for one little old lady. Keep in mind, the boomers have another 20-35 years left on this planet. They aren't done with us yet.

@Andrew-iq5ud

22 күн бұрын

All the big family homes in my neighborhood are inhabited by single boomers. One home with 15 bedrooms (a literal mansion, its huge, multiple back houses for gardeners and maids etc) is owned by ONE BOOMER. He bought it for $75k years ago. All the young families meanwhile are cramped into trailers or apartments in the dangerous parts of town. This society is so sick

@EB-gt1pq

18 күн бұрын

Smh. I know an old lady with a bad back who lives all by herself in a three level townhouse with three bedrooms.🙄

@seabreeze4559

8 күн бұрын

empty bedroom tax would fix that

@seabreeze4559

8 күн бұрын

@@Andrew-iq5ud empty bedroom tax when?

@redraiderrider3289

Күн бұрын

I just saw a boomer woman who was "giving away" a pool table sit and tell the 25 year old she was giving it to that she should be charging him for it. He removed it from her basement(which was a nightmare) and hauled it away. This boomer woman lives in a 3000 square foot house with a pond fountain out front and 3 - 4 car garages. Her husband died and left all this for her. It wasn't enough to just get this out of her way and she clearly doest need the money. He asked about some of the bar room stuff she had like signs and beer cans and she said she will get price. This dude is lucky if he makes $2500 a month. I just laughed and said out loud "gotta make that money, right?" she didn't even get it. Boomers really are a special breed.

Most genetations past Millennials will never be able to retire

@Wolfhammered

20 күн бұрын

I’m 38 and have a graduate degree but can’t afford shit

@Correction-zl2oe

14 күн бұрын

did you ride the short bus to school bud millennials wont retire it runs out in 10 years millennials will be late 40's not mid 60's dont feel bad you were only off by 20 years lol

I'm an older Millennial. Many years ago, I came to terms with the fact that I will not see a cent of the money that has been taken out of my paychecks for social security. By 2033, many in the Boomer generation alive now will be gone. Why would they care if social security won't be there? Because it will affect their children and grandchildren? That sentiment hasn't stopped them from looting the treasury up to this point.

@jr7392

14 күн бұрын

As a whole, the boomer generation really didn't care much for their kids. Yes, yes, yes, there will always be exceptions so don't bother coming in with "I'm a boomer and I'm not like that" but the evidence is there in the stats. The weird thing is, they seem almost gleeful that their kids are inheriting a broken down wreck of a society that they voted for.

Lol millenials will never retire

@oopurpledove

Ай бұрын

Don’t believe his malarkey.

@Ronin-R410A

Ай бұрын

Zoomers won't either

@user-nq2oz8tf2l

Ай бұрын

Yup. A good chunk of Gen X probably won't either because it's starting to run dry already or isn't enough to live on.

@covercalls88

Ай бұрын

They can, but they have to plan for it. It's not going to be as easy as it was for Boomers. My sons are on their way to more secure retirement by saving into 401k, Roth IRA, building a side gig from one of their hobbies, taking in $500 to $600 a month pocket money.

@Nushima96

Ай бұрын

@@oopurpledove So math isn't true as long as you put your hands over your ears, close you eyes and say "lalalalala I'm not listening". Fuck off.

Regarding the social security, all they have do to fix the lack of funds, is get rid of the social security tax limit cap of $168,600 per year. Someone earning 10 million per year only has to pay SSI on there 1st $168,600. Getting rid of this cap would fund SSI for as far as the eye can see.

@seabreeze4559

8 күн бұрын

nah tax capital gains

30-40 years ago large loans from a bank were used to splurge ( buy a sports car, boat, cottage etc…) or invest , most people were able to SAVE their money to buy a house and cars, you didn’t NEED the banks. Large mortgages were not necessary just to buy a first home for you and your family.

@andrelockridge9109

Ай бұрын

Location,location,location!

@oliviarose3513

10 күн бұрын

​@@andrelockridge9109tell me a location where i can buy a house (even a small fixer upper!) For less than $100,000 CAD. Id love to know

@seabreeze4559

8 күн бұрын

cap mortgages at ten years, recessions happen every ten years

Corporate property ownership has become a huge problem, including short term rentals. Driving the prices up.

@johnphoenix1175

28 күн бұрын

It's mind-blowing that individuals have to compete with banks, corporations, investment groups, and foreign investment groups.

@DMH51

28 күн бұрын

Population: 226.5 million (1980) Population: 333.3 million (2022) No, Corporate property ownership is not the problem. What is the problem is not having enough housing to meet public demand. That's why high rent prices are at an all-time high. However, inflation has also played a role in rental costs, as the US Dollar doesn't hold the same value as it did 40 years ago.

@danielc-s8056

27 күн бұрын

​@DMH51 plus we are inflating the supply of USD, which is debating it's value. I'm not even going to start in on how we are importing illegals which is eating up the already small supply of apartments.

@duitk

14 күн бұрын

​@@danielc-s8056we need labor because people didn't have kids though, those illegals are replacing the children we never had. Without them social security will collapse. We are trapped in a lose lose situation, the only solution is to build housing since population collapse is even worse as there are way more older people than younger people.

Boomers also beat themselves off to the idea of WW3.

@UnorthodoxJedi

15 күн бұрын

Yeah and having young people die for small hats

@seabreeze4559

8 күн бұрын

@@UnorthodoxJedi The Banking Cartels with their credit cards.

@defaulted9485

5 күн бұрын

​@@UnorthodoxJedi The oil moguls and their offshore estates.

@Correction-zl2oe

4 күн бұрын

Well yeah in their minds they are the final generation [even the ones who had kids and often especially them lol] what with all their hedonistic bs and various vast social changes they truly thought they were part of some great change they were but as all hypocrites not the one they thought they were the start probably of the end

Math doesn't lie. What is the purchasing power of our dollar vs their dollar?

@vanguard6937

Ай бұрын

14%. Zoomers have about 14% of the purchasing power that the boomers had at the same age.

@quaydenthoma2965

24 күн бұрын

Absolutely shit

@seabreeze4559

8 күн бұрын

how dare you ask the forbidden question

@badass6300

20 сағат бұрын

Food and car expenses have far surpassed the increase in salary as well, just like the housing prices.

Im a boomer. It was so much easier for me to get by when I was in my 20's and 30's there is no comparison to today. I was not supported in the least by my parents. I could quit a job without having another and have no fear of finding a new job right away. My first home was purchased when I was 20. Life was much more care free if there is such a thing. The thing that is wrong now is corporate greed. It will get much worse unless they keep lobbyist out of Washington and keep government regulation healthy. Some political parties want less govt control, not a good idea. In summary: I feel very sorry for young folks today, it makes my heart ache.

@user-ot9bf1pw4f

Ай бұрын

You are very sweet! It's rough for us younger people. I had to live in a 5th wheel for 7 years with my husband to save for a house which means we had to put off having a baby. We planned a pregnancy in the last year that we lived in a camper and we lived the first year with our baby in the camper because covid hit and everything got delayed to get approved for the house. I was terrified to go to a hospital because many of them turned into kill shelters so I set up labor/delivery at a birthing center but they said they would take me to the hospital if they felt they needed to so I labored in the camper for 32 hours and went to the birthing center right when I knew that I would deliver within the hour so that I wouldn't be admitted into a hospital. It's been rough but we are finally living in our home!

@jacksonvalad8012

Ай бұрын

Good man. God bless you

@BB-qi2wm

Ай бұрын

Boomers had more time to work as they weren’t online 6-8 hours a day.

@user-ot9bf1pw4f

Ай бұрын

@@BB-qi2wm Thay didn't have more time, lol... They actually had to go the bank when we can do a deposit from home, they had to go to the store for everything, we just buy off Amazon... They had to go to the DMV to renew their titles or car registrations, they had to go to the insurance place to buy car, life insurance, we just go online. They had to go to the mattress store to buy a mattress, I just purchased mine online, you get the point... Lol 😂

@TheInternetComplaintDepartment

Ай бұрын

It's not all corporations, it's the ones in control of the money supply and the ones outsourcing labor to foreign markets. Dollar devaluation is the one linking factor in all of this. Very few see it.

I work in a warehouse, one of many jobs I have had, I get crushed by doors and windows everyday, I am 35 with 4 children, married, one vehicle, living in a friggen cylinder (trailer) We can barely afford a date night! Both sides of our parents don’t care and don’t want to be near us and yet complain they are alone. We need their help but they don’t care and worst of all I am the lazy one Where was my father when I needed anything beyond the 3 necessities parents are legally required to give? They never truly wanted to be parents, it was a class thing. My father knows so many things but never spent any time trying to show me how to do anything. Boomer parents dropped all of the responsibility outside of the triad of needs onto the children. This is why we drink, we smoke, we cuss, we are depressed and sick. To this day my parents have no emotional or spiritual intelligence. They literally only know how to make money for themselves. It wouldn’t be so much of an issue if they would just be interested in some way in their own children. God help us

@briankier2189

14 күн бұрын

That sums up my parents too. My dad passed and my mom is left and I only call her once a month to make sure she is still living basically. The moment they had no kids on the house they sold their home and moved across country and told me and my sister that they didn’t want any visitors…

@chadrides914

13 күн бұрын

Damn you two sound f’n miserable. Quit blaming others for your own inadequacies! Do better!

@monkemonkerson5620

10 күн бұрын

Having a strong family unit, including your parents and siblings/relatives, is a huge boon, especially if you have kids of your own. Sorry to hear your folks aren't as supportive or caring. If there's anything I've learned in life, it's that money is temporal and fleeting - relationships with your kids and spouse are paramount.

@seabreeze4559

8 күн бұрын

don't be hospice care kid. don't help them unless on a deed first. "married" starting to see your problem "4 kids" THERE it is. Other people shouldn't fund YOUR loin fruits. You don't get to blame your parents for alcoholism. Please. I had a bad childhood and never been drunk. You don't have contraception intelligence, fellow millennial here.

@seabreeze4559

8 күн бұрын

@@briankier2189 didn't wany any visitors? stop calling then. you can't check if they're alive once a MONTH. take a hint buddy, you've been dumped. a lot of kids are being dumped by their boomer parents.

I feel bad saying this…. I wish boomers the best But I can’t relate to them or have any simple conversations with any of them They did work hard for the most part They also needed drugs, alcohol, or a wife to take care of things for them Very few boomers were single and drug free and hard working IMO And they couldn’t handle our lives for the most part My dad is the man, but he can’t even handle retirement without drinking When he got out of work at 3:30 he would be miserable the entire night and my mom made him food and did his laundry. Try letting them know, they don’t even remember how miserable they were They would not make it these days

@Jon-rj2jb

11 күн бұрын

😂😂😂😂

@seabreeze4559

8 күн бұрын

a lot of men resent being the breadwinner

This helps make so much sense of the frustrations I've been feeling.

I’m 37 and I have worked in long term care for 15 years. Started out as a nursing assistant and slowly worked my way up. I worked over 85 hours a week for most of that time. I kept thinking that after I became the staffing coordinator, things would get better. Then I thought once I moved into upper management, things would get better. I got promoted to the Business Office Manager and was still living paycheck to paycheck. I am now a Director of Marketing and I still cannot save any money because my bills take up most of my income. I’m salaried now and I still work almost 85 hours every week and I still can’t seem to get ahead. I’m exhausted and feel utterly hopeless about the future.

@seabreeze4559

8 күн бұрын

transfer someone else for same position, most wage increases are new hire negotiations

I walked both ways in the snow with no shoes. We only had pasta for dinners and still bought a river front house and raised 4 kids and saved 500 a month..... every boomer.

You are correct I was born in 63. Life was great if you worked you had money to do lot's of things, another point we worked at jobs for decades loyalty working both ways. Fast forward to modern day. corparate greed no loyaity anymore. This is why unions where big in the day. Good luck.

Inflation doesn’t go away it accumulates. So that 13 percent back in the 70’s we are still paying for. This is what everyone messes up

@seabreeze4559

8 күн бұрын

YES this, all loans are inflation too so people paying their bills and mortgage on credit cards for "points" like arcade tokens ALSO cause inflation.

We have no future.

In 1940 the minimum wage in California was .45 cents an hour(about $900 per year if working full time). A house in LA and San Francisco in 1940 cost $4,300 on average. On a minimum wage job in 1945 it would take about 5 years of wages to buy a house. The median house price today in California is over $900,000. Minimum wage is $15 an hour for most jobs in California(around $30,000 a year). It would take about 40 years of minimum wage today to buy a house in California.

@badass6300

20 сағат бұрын

Keep in mind the government wasn't as intrusive in the economy back then, so the minimum salary wasn't a big factor at that point in time.

@rwdchannel2901

13 сағат бұрын

@@badass6300 The government became highly intrusive in the economy in the 1930's. That's how the Hoover Dam got built. The government was a massive employer. Learn about American history.

In Q4 2022 the US Census Bureau put out a statistic saying 65.9% of Americans own their own home. No politician wants to fix the housing crisis, because no politician is going to run a campaign promising to drop your house value by 20% when the majority are home owners.

@badass6300

20 сағат бұрын

They count people with a mortgage as owning their home, which is just bs.

Yeah it’s super fun paying social security knowing I’m never going to see a dime of it, while also paying a retirement to boomers who screwed everything up in the first place, who I’m already paying high rent to. Really makes me love living in this country.

@seabreeze4559

8 күн бұрын

serfdom

I realized Millinials really were trying to fix things and help. Only to be mocked and attacked into oblivion! When they pushed older folks 65+ out of jobs they claimed Ageism when in truth they wanted to make room for new people cause they would die on the job

@errrzarrr

22 күн бұрын

This

@unifiedhorizons2663

22 күн бұрын

Older people cost more because XP grind

@PoFolks_Capital

15 күн бұрын

Still have guys at my job well passed the retirement age. And its not bc they can't retire its bc they like the money and taking all their fancy trips and vacations. They basically take off whenever they want and work bc they dont know how to do anything else. Its almost like a hobby for them. Its sickening.

@boskey10

14 күн бұрын

​@@PoFolks_CapitalExperts at gaming the system.

@oliviarose3513

10 күн бұрын

​@@PoFolks_Capitalhonestly i love when old people want to do something and stay productive and involved in their retirement... but why can't they just volunteer? Why do they need to take paying positions away from people who really need it?

I agree with the hosing fix, and here's my solution: outlaw anyone other than US citizens from owning homes, and make a limit of 3 homes. That would mean no home ownership by banks, companies(blackrock/zillow), and no foreign entities/citizens. "A home is a place for famlies to live, not an investment for a company."

@darlenegattus8190

21 күн бұрын

Absolutely, been saying stuff like this for a long time.

@Maxah333

20 күн бұрын

It makes sense and it would be effective immediately. But lobbyists will never allow that to be true.

@duitk

14 күн бұрын

The worse offenders are the big companies. As far as regular people, if you live in the US sure you can buy a house, if you live in China and are PERMANENTLY moving to rhe US sure you can buy a house. If you are a foreigner and want to buy a house as an "investment" or vacation home then no.

@KMx108

11 күн бұрын

Too many citizens are in the real estate business. This will never happen.

@seabreeze4559

8 күн бұрын

homes only owned by persons, not companies inc LLCs and you cannot increase rent until after the lease is up, the french do that

The part you haven't factored in is while saving for that down payment the asset price keeps getting absorbent high increasing that down payment and forever shackling.

The younger people are having to face the brunt of an ever increasing destruction of the currency which is much more difficult

@3beltwesty

16 күн бұрын

But they voted for Biden the senile potato who caused the giant inflation. Lol

"Work smarter, not harder" is my forever moto

@rayzerot

Ай бұрын

I abhor when people say that on a jobsite. They never actually mean, "do it in a more efficient way." What they're always trying to communicate is, "Do it the way I would do it" I'm not saying you mean it that way, that's just the only way I've ever seen it used in person

@chadrides914

13 күн бұрын

@@rayzerot100 agree ^

@Correction-zl2oe

4 күн бұрын

And when thats not enough any longer lol?! we need large change

As a Genxer who grew up in a family who was part of the destruction of the unions under Reagan. I did not make it through vas my family was poor by the time I reached working age.. I was 50 before I could afford a house and one that needs complete renovation at that. I actually had to wait until my kids were grown to afford to own. I also lived within my means. I had only 3 car loans my entire life, and I live in IOWA!

They don’t understand… the ones whom are shut out will torch it.

@jr7392

14 күн бұрын

Boomers overall don't understand incentives.

@seabreeze4559

8 күн бұрын

empty bedroom tax, refund homeschooling parents or single people for school taxes via property tax etc. force old boomers to retrain or retire

@badass6300

20 сағат бұрын

Pacifism is the worst plague that infected people. If some heads rolled for a while, the government and companies would start serving the people again.

@mr.kilpatrick2991

13 сағат бұрын

@@seabreeze4559 They can collect all that extra tax money and give it to Ukraine or illegal aliens. Great idea, collecting more tax money always does great things.

Hi, Freddie - LOVE your work!!!! :) I think there is one more important point about renting that was left out: Most property management companies now REQUIRE you to make at least 2.5-3x the rent amount when you apply. At that point, a college student making $24.00/hour and receiving a gross income of $3,840 would NOT be able to "afford" a $1,900 apartment because the required monthly GROSS income requirement would actually be $4,750-$5,700. COLLEGE GRADS ARE PRICED OUT TOO!!! :(

@JamieStLouis-tu9ml

8 күн бұрын

I am a less that desirable apartment that took nine months to find. I was turned away from so many for not having three times the income for an apartment.

If your willing to live out of a van or car and own a small piece of land you can avoid rent and a mortgage. Work seasonal jobs and not use storage units to store useless junk. You can stop working at age 45 by using just straight cash from working regular 40hour works weeks at seasonal jobs that usually pay $15-20hr. The option is on the table.

This is a very important message that needs to be talked about everyday. There’s something terribly wrong with this. This reality represents the transfer of wealth to a very small percentage of individuals.

Things always change for the worst. I’m a boomer(late). In my parents generation you graduated HS. Got a job worked 40 years than retired with a pension than died happily ever after. I’m blame Carter selling all are manufacturing jobs overseas and importing all this cheap garbage over here

@recabitejehonadab2654

22 күн бұрын

Nailed it ! 👍

I graduated high school in 1987 and got my first one room apartment in 1989. The rent was $220.00 / month and included underground parking. I earned $7.63 / hour which was double the minimum wage at that time. If 19 year old me traveled forward in time from 1989 to 2019, things would be a lot more difficult. If I were in NY or CA, I don't know if I would survive.

@3beltwesty

Ай бұрын

My Apartment was 950 in 1989 in California. It was 420 in 1980 half my take home pay as an engineer after taxes. It was 350 a month in 1979. Neighbors said it was 100 bucks in 1971 when built. The Gambit many folks did "Not from the USA" was have one person rent say my "420 bucks in 1980" apartment then 3 families move in. So maybe 5 to 10 folks working and saving money. Then they buy a house in a few years. Guy working 40 hours at McDonalds and 20 to 40 at Jack In the Box and walking to work,. Also wiring 100 a weeks to parents outside of the USA. So when I moved in my apartment the Apt maintaince chaps had always some trivial repairs. ie to really spy and see if you had dozens of folks living there

Corrupt politician: Retirement for Gen Z? What's that? They won't be retiring until 80.

Not just people under 40. Im 42. Class of 2000. I was sold on college being the "way out" by people who went to college when it was cheap. College tuition went completely off the rails in my lifetime, along with housing. Peopley age got caught right between two eras.

In the 80s, savings accounts paid 20% interest, according to Suze Orman. So saving for a down payment was ridiculously EASY!

@Lonovavir

Ай бұрын

Now you're lucky if you can find a savings account with a 4% interest rate. Most are below 1%.

@smnbrgss

Ай бұрын

@@Lonovavirthere are plenty of mainly online only banks that have 4%-5% rates

@alaxt.6215

26 күн бұрын

@@smnbrgss Yotta, one of those banks, is in serious trouble right now because they can't file for bankruptcy and can't give customers their money. It's literal theft, and the news isn't covering it.

@Vacerous

24 күн бұрын

Funny how that is huh? If we owe money to the feds, we owe those high interest rates, but if they owe us money we have to just deal with it.

@floatingscrib

18 күн бұрын

Bullshit on savings accounts yielding 20% in the 80s. Not even bonds and cds went that high. A 3 month cd peaked at under 16% in 1981 and dropped below 10% after 1985. You’ve also left out the part where mortgage interest was sky high. How good is that down payment on a house with 18% interest on a 30 year loan in 1981? Have you also not looked at 1980s inflation? 😂😂

Freddie loved you on Days of our lives. Don’t watch it now but remember you on the series. You are an awesome actor and of course on here as well. I’m a millennial but now two people working just to survive is so real. Prices are crazy now and days. So true your shared thoughts.

Ive already came to terms with the fact that ill never be able to retire or own a house. That being said my retirement plan is to walk into the woods and never return....thats if my work doesn't cripple me first.

@wegotit2587

Ай бұрын

Another way to stick it to the psychopaths is to NOT have any children. Why bring them into a world for them to undergo inhumane hardships too?

@andrelockridge9109

Ай бұрын

Damn! Future might be bright! Western hemisphere & South east Asia both have healthy demographics and will be the economic driving force for decades! Most Europe & China/ East Asia will face a sharp decline!

@Maxah333

20 күн бұрын

That's my plan too, hopefully i'll be good enough at fishing by then

@EB-gt1pq

18 күн бұрын

Owning a house is overrated. If I could go back I would’ve just rented. I’ve been living in my house for 11 years and put 18% down payment and I still pay $500 a month in it just interest alone.😢 Just paid $7000 because the roof is falling apart but I thought if I had a landlord they would’ve paid for it. Just rent!

College graduate here, my pay is very close to $24/hr. Went to buy a place, cheapest option was a Condo, anything that wasn't in the Ghetto was $200,000. And I couldn't put down 3% because more than half of the condominiums are being rented out privately. So I needed to pay my car off, AND put down 10%. So that was like $26,000. I got lucky my job is helping me pay for my school debt. Older generations don't care. Big business doesn't care.

And the average apartment then wasn't affordable, since affordable housing means rent/mortgage is NOT GREATER than 30% of your income.

@andrelockridge9109

Ай бұрын

I remember back in my day the sweet spot was 25%. Mortgage, home owners insurance & property taxes total no more than 1/4 of gross wages.

@Maxah333

20 күн бұрын

Yup, it still wasn't great. Now it's just full blown dystopian.

wow, that was pretty much my starting pay 12 years ago. wild. there's the proof in the pudding, whole decade plus and zero change. all the while, trade school, college, groceries, gas, food, home prices, rent and everything in between has skyrocketed.

Boomers squandered the wealth created by the Greatest Generation and The Silent Generation, and now we are all paying the bill

Fellow Millennial here and you're spot on! My mortgage interest rate is 3.6%, but my mortgage payment is four times more than your parents 1977 $400+ payment! I'm just grateful I was even able get a home loan when I did, and at the rate I did.

They'll never understand

@RealBossman

Ай бұрын

We are so Fed, stick markets at ATH and gen Z can’t afford to buy in, they soooo want to dump on us, this is my theory, buy BTC ❤

@RaptureHead1993

Ай бұрын

they dont want to

@Andrew-iq5ud

22 күн бұрын

They dont care. They did this to us on purpose

Indeed! Hell, those who started working in the 80s and 90s have reached escape velocity from poverty, while those of us who started later never did! The 2008 financial crisis still hurts us and even before that wages and salaries were either stagnating or going down (especially since the official inflation numbers are simply lies! I mean they use a basket of different goods and tell what the inflation of the whole basket is! That rent, food, regular bills (power, running water etc.), fuel, car insurrance etc. is outpacing that inflation number is the norm and that is what hurts regular people!)...hell, the last few years added a lot to that! A house that once cost 200K (and was a decent building, regular (European, not American McMansion) size, nothing special, but not a ruin either!) is now 400K or more (depending on where it is!) :(

@covercalls88

Ай бұрын

The financial crisis hurt a lot people from Boomers to millennials. Granted Millennials got it worst as it was the start of their working careers.

@danamarie8718

Ай бұрын

Tell that to those who lost everything in the 08 crisis and had to start over in their 40’s or 50’s.

@hueco5002

Ай бұрын

@@danamarie8718please. They didn’t lose everything. Stocks tanked and the fed put the market on life support. Big daddy government made sure your portfolio would bounce back while plebs had to scrape by with no help at all. If you were 65 in ‘08 - I feel for you. You probably died before the recovery. But 40’s or 50’s? Lulz. You made it back hand over fist with the government bail out.

@Name..........

Ай бұрын

​@@covercalls88gen z is getting it worst my guy. My gen is just getting iut college with 50,000 plus student loan debt. Half of us are unable to work anything more than a 10-15 an hour job at walmart due to out lack of 5 years of experience after coming out of college.

@covercalls88

Ай бұрын

@@Name.......... Ok, with that being said, it seems like a college education is near worthless. Back in my college days I recognized it. So, I got a internship in my tech field. It was not easy finding it or having to work and go to school. So when I graduated I had degree and over two years of experience. It was the same lessons I taught my Millennial and Genz kids. It was tougher as there were fewer positions and one started as a volunteer.

Just a reminder that mortgages were peaking at an average 20% in 1980. There is no comparing that to any other time, their houses were the most expensive they ever were proportionate to income, but they are still more affordable compared to today.

What about people who are born disabled? SSI pays about $1,000 a month. $58 more than in 2004. The longer you live, the more impoverished you are. You might find an apartment that is low income. One quarter of your check. The waiting list is years long and in violent neighborhoods. I know a lot of people like this. They can't afford to use their electricity. Leaving the refrigerators unplugged.

@carerforever2118

7 күн бұрын

l spend half a day at the shopping centre so that l don't use my own electricity etc at home. I sit in the food court watching movies on my phone, that's my retirement years for you. My local shopping centre is my 2nd home, my Multi-million dollar mansion.

Stuff like this is how the "Ok Boomer" meme exploded on social media at one point.

I’m a millennial and I started off renting a room in someone’s house until I started to make enough money to get my own apartment. Eventually, the interest rate on home loans went down to a point to where I could qualify for a loan and I got my first house. You might very well have to rent a room in someone’s house.

The crazy thing is that you can work really hard but it's not about how much effort you put in these days, it's about how much time. You could come home absolutely exhausted everyday and it'd mean nothing.

@badass6300

20 сағат бұрын

That's what happens when you are paid by the hour, it's about time people got paid based on what they produced for the company.

He’s not totally wrong, but some of his numbers are off, making it seem worse than it is. According to HUD, median price of homes sold in 1980 was $66,400, $172,900 in 2000 and $338,600 in 2020. It’s the last few years that are the problem. According to the Census Bureau, median household salary in 1980 was $21,020 and in 2020 it was $67,521. So in 1980 home prices were 3x salary and in 2020 they were 5x. But remember, in 1980 interest rates were much higher. They actually hit 18% at one point. In 2020 they averaged 3%. It is also important to note that the average house in 1980 was just under 1,600 square feet. In 2020 it was 2,400 square feet. The combination of larger homes, skyrocketing prices in the past few years, higher interest rates, and inflation, it’s tough for everyone.

@andrelockridge9109

Ай бұрын

Bought my home in '95 for $235k 20k below original asking price.Great location!

Some good info here, and I largely agree. As a GenXer who saw this coming, I have to remind people that YOU ALL VOTED FOR THIS. The “get out the vote” campaigns went after uneducated voters who then largely voted against their own interests. The only policies that Mils and Zoomers should look at are government spending, college borrowing and housing development. Any pol who is for individual or collective borrowing is raising cost of living. Any pol who is for more college attendance is lowering the value of education. Please stop voting for people who make you feel good or who your friends approve of. Look at policies that actually benefit you. Don’t expect older Americans to support you, their interests lie in higher house values during their retirement. And have more kids. A healthy economy is pretty much a pyramid. Your kids will pay for your retirement. Or not. Your call.

@jr7392

14 күн бұрын

Don't forget the policies flooding the country with cheap labor, who also drive up housing prices. Homeowners love ever-increasing asset prices because they have the assets.

Hi Freddie 👋 scary to think about for my grandkids coming out of college 🥺 Hope you & Alyssa doing well 🙏💖

My uncle and I went by his first apartment that was $250/mo and included a couple utilities. It’s was now $1850/mo no utilities included at all. He said he couldn’t live there in 1976 at that price working in manufacturing.

Stop blaming citizens and start blaming the powerful elites who are using you. Look up You Will Own Nothing and Be Happy with Klaus Schwab of the World Economic Forum narrating it. Stop letting them manipulate you.

@GenXQeeenB

Ай бұрын

Our grandparents said the boomers would destroy our country and put us into WW3

@EB-gt1pq

18 күн бұрын

Yep… blame Zionists

@katie7748

15 күн бұрын

Yes! They WANT us at each other's throats and pointing fingers at each other! Look over here! Something shiny!

@Correction-zl2oe

14 күн бұрын

nope they can both be wrong are u simple or is your heart to small to hate two enemies at once lol?!

The problem today is greed. People weren't as greedy back then. My first apartment was 800 sq feet and cost $325 a month, I made $5.10 an hour. That exact same apartment now is $1,250 a month and I can't afford that on the $14 an hour that I make today. There is no reason for it to rent that high other than pure greed by the property owner.

@keithsavagelives

26 күн бұрын

You should do some research on the investment landlords have to put in to maintain a rental property.

@djrickyb

25 күн бұрын

I earned $5.15/hr when I started working in 1998 at age 16. What location are you in? $14/hr sounds incredibly low. I thought I was earning a low income at $23.50/hr. Most of my friends my age or 1-2 years younger are pulling $29 to $47/hr now. I spent too much time waiting tables and bartending in my 20s/early 30s and that hindered my upward mobility in income in recent years since I left the restaurant business in 2018, but I am living comfortably, but have constant credit card debt that I can't seem to get down to zero because of car repairs, house repairs etc.

@yaiburanakul8505

24 күн бұрын

Precisely. It is greed. Corporate greed ruined the US economy. Deeeeeepppppssssttttaaatteee greed lowers the value of our money. FDA and pharma greed keeps health care costs at a near insane level. Food company greed has stripped "food" on supermarket shelves of nutrients that actually sustain life and promote health. You are absolutely correct. It is greed!

@keithsavagelives

24 күн бұрын

@@djrickyb The question is: where are _you_ located? This is an absolute case-in-point about the _vast_ economic disparity across the US. In my own little rural town, making $23/hr is almost impossible, yet somehow, people still manage to eat, pay rent/mortgage, power, insurance, car repairs (I just spent $800 on mine), etc. You might consider researching why that is, and think about how the quantity of money one earns is not as important as the _quality_ of life that income affords. Recently, people have explained to me that they could save money by moving, but they won't, because "that location isn't desirable enough" - I say, if you have a problem, and someone offers a solution, don't immediately throw a roadblock in front of yourself. Look honestly at the option before dismissing it. People often are their own worst enemies because they let their desires (and biases) control their thinking. Good luck to you!

@ryanjacobson2508

19 күн бұрын

It's inflation. The government spends money it doesn't have while continuing to print more and more money.

It's interesting to see the 1970s and 1960s as well. Also food and car expenses, their prices have way surpassed the increase income growth, just like housing.

If they print more money, that dollar value goes down. They probably don’t want that.

This is all true, but so much worse as a practical matter just in the past year because of the insurance oligopoly, which has increased homeowners insurance rates north of 40%! What's worse is they've just started booting customers for making claims (or sometimes customers with no claims at all), which means homeowners get put on 'hazard insurance' which can be up to an additional $1,000/mo indefinitely. Absolutely unsustainable.

Local governments are in charge of zoning, increasing housing supply. Federal government has limited control & yet most Millenials/GenZ are focused on who goes to Washington-a need to reorient & re-educate themselves

@Ronin-R410A

Ай бұрын

I think we have a need to change our work and life balance. Bo reason to work like a dog for a company that will treat you worse than a dog.

@mc5549

Ай бұрын

Everyone says government but leave states and cities out of it

@thegrayone5666

Ай бұрын

I speak as an American but have you talked to the average American? Prospective isn't a concept to most and have the reading comp of a child with the emotional maturity to match for damn near any single thing. From explaining to boomers that I struggle with 40 hours to explaining why someone younger is wrong.

@redbelt1000

Ай бұрын

90% right. Until they ask papa FED for HUD loans and your stuck building "affordable" housing. NJ in a nutshell

@WyldStallion-bs9oo

29 күн бұрын

6:15 Actually I disagree with the speaker's comments here. We need to reduce Demand. Stop immigration. And deport people. Especially migrants who arrived since 2021.

My grandfather said he only worked though summer. That alone paid for his living. While his job and army paid for his college. It was 2,000. Thats one semester for me....

Thank you for this explanation of why younger generations have it harder and why hard work doesn't pay what it used to.

I feel for younger folks, but some of us older Millennials (born between 1981-1983) actually came of age during the worst financial crisis in recent history (2008), graduating college into a horrible job market and were set back financially by years. I get that it's tough now if you're just starting to get your legs under you, but y'all will be ok, I promise.

@MrHines88

Ай бұрын

💯% Agree I'm Older Millennial Myself Was Looking At That Back 2010 When Got My First House If Wasn't For My Boomer Mother Co-sign & Live With Me Aswell I wouldn't Got The House Because House Market Was Terrible Back 2008.Etc

@donm2067

Ай бұрын

​@@MrHines88so we'll be fine if our parents are willing to work with us and have the capability to do so?

@MrHines88

Ай бұрын

@@donm2067 Yes, 💯% I Totally Agree However some parents can be unfortunately to work with that are Boomers Statically.

@covercalls88

Ай бұрын

Quite a few Boomers also lost out during the financial crisis.

@Jarlus

Ай бұрын

@@donm2067 I was 39 years old before I could afford property on my own. Like I said, it might feel bad now, but that doesn't mean it can never happen. I guess I'm just a hopeless optimist.

The problem with housing is supply. The only answer is not politicians, beyond the elimination of regulations regarding real estate development, but free enterprise and increased production of houses. P.S. Overall I think this video was well done. The reality we millennials need to face is we elected the officials who caused this inflation. We are somewhat to blame. We are the ones who’ve misunderstood basic economics. Many in my generation fail to admit some basic things we are responsible for. Now, the generation which really screwed us over was the WW1 generation when the federal income tax was implemented and modern monetary theory was adopted, gold was confiscated by FDR, and real money was taken out of regular circulation.

I'm 32 years old. Every time I see these numbers, I get depressed. Because what's even the point? Everything is overpriced. Housing is unaffordable. College is unaffordable. It feels almost impossible to have an affordable living in this country. The amount of work just to get your foot in the door - not even to get approved for anything, just to get your application looked at - is utterly ridiculous today. Some days, it truly doesn't feel worth it to even try....

I bought my home in 2010, even then my 1,500 sq.ft. home on ~5 acres of land was

I’m Gen X. I’m fully preparing to help my Gen Alpha child with school, housing, etc. because I don’t see things getting better. And right before I’ll be able to collect, SS will be reduced. So Gen X didn’t completely skirt things.

@felixthecat2786

Ай бұрын

Yeah, but you don't need social security. Gen Xers and Baby Boomers saw the highest economic growth of any generation in all of American history outside of the GIs. Millennials are hanging on by a thread. We're barely able to live paycheck to paycheck. Our situation is dire.

@jc1979af

Ай бұрын

Fellow Gen-Xer. I fully plan to support my daughter too

@Whiskey11Gaming

Ай бұрын

SS being reduced? I'll be happy if I see one cent of the money I put into SS. My retirement planning is planning on it NOT existing, because it must likely won't.

@timothyberry3427

14 күн бұрын

Millenia speaking. Let's take it one step further and teach Alpha to invest in their future. A little financial wisdom early in life, will be worth its weight in gold.

@jc1979af

13 күн бұрын

@@timothyberry3427 my daughter has shown an interest in investing and even fusses at me if I am overspending on something. I guess as a Gen X parent I did a decent job with teaching her

Local politicians are going to be more important as we need to get rid of zoning laws and allow builders to build more houses.

@Thalanox

Ай бұрын

Housing is often built on farmland because it's flat and relatively easy to dig in. What do you get when you combine more mouths to feed in a denser population with dramatically less local food production? A situation that generates massive amounts of wealth extraction by the real estate companies in the short term, then cheap acquisition of the land as the collapse and mass chaos starts off.

@cowboypatriot6052

Ай бұрын

Screw big agriculture 700 million tons of agriculture food isn't enough with unprecedented waste and exports? Bring back small country homes gardens and farms.

@shaunrosenberg4568

Ай бұрын

@@Thalanox There is a ton of unused land that sits there doing nothing because zoning laws are more focused on increasing housing prices rather than getting affordable housing. As far as population growth, we currently have smaller generations and the only reason the population isn't collapsing in the U.S. is due to immigration. Eventually U.S. population will start to fall. It's inevitable with our low birth rates. So I doubt we have any issues right now with food.

@quackywhackityphillyb.3005

24 күн бұрын

​@@Thalanoxwith more density less farmland needs to be destroyed for homes? Itsnt that a bit obvious???

@Thalanox

24 күн бұрын

@@quackywhackityphillyb.3005 Look at carrying capacity for a given population density. The more dense the population is, the longer and more reliable the supply lines have to be to support that population. This is a far more delicate system than I think many people realize. Stressing the delicate and very important system with increased population density when it does not need to be stressed is playing with fire. I think that founding newer cities or towns would make more sense for population distribution and maintaining at least some level of local food production. Super dense cities with ever increasing density feels like a logistical disaster waiting to happen.

It doesn’t matter how hard you work if the pay doesn’t cover food, clothing, and shelter. Even if I got paid overtime rates full time, I can’t afford housing, and I don’t work in fast food. I work on cars.

I think it is too easy to blame boomers when I would lay the blame on Politicians. Who catered to these people?

@nicoleworkman3142

Ай бұрын

You mean the boomer politicians? When did things start going down hill?

@spendymcspendy

Ай бұрын

@@nicoleworkman3142 Good point. After 2008. Things never recovered after that point.

@muadiib

Ай бұрын

The boomers are the only people who have time to vote in the boomer politicians.

@eyeinsee

Ай бұрын

@@nicoleworkman3142🎯

@thetapheonix

Ай бұрын

Who voted for those politicians? Boomers….

I came here from Instagram. Thank you Freddie for sharing all of these thoughts.