Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: Palumboism on May 13, 2019, 06:02:59 AM
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62% of millennials say they’re living paycheck to paycheck
By Megan Leonhardt
Almost two-thirds of millennials say they’re living paycheck to paycheck and only 38% feel financially stable, according to a new survey from Charles Schwab.
Millennials, more than any other generation surveyed by Schwab, feel the most insecure when it comes to their finances. That’s according to roughly 380 millennials (ages 23 to 38) surveyed for Schwab’s 2019 Modern Wealth report.
The median amount of loan debt millennials carried was $19,000, significantly higher than Gen Xers’ balance of $12,800 at the same age.
Student loans are not the only kind of debt millennials hold. About 40% of millennials (defined here as those 20 to 35 years old) have credit card debt, according to a recent survey by LightStream, the online lending division of SunTrust Bank.
Millennials ages 25 to 34 had an average of $36,000 in debt last year, excluding home mortgages.
https://www.cnbc.com/2019/05/10/62-percent-of-millennials-say-they-are-living-paycheck-to-paycheck.html (https://www.cnbc.com/2019/05/10/62-percent-of-millennials-say-they-are-living-paycheck-to-paycheck.html)
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I read somewhere that a majority of millennials think they’ll be millionaires by 50. Not sure how they’ll accomplish that buying avacodo toast for $12 a whack.
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maybe if we tell them bout pellius they will get their shit together
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They should have went into the trades and made a 100K plus a year. Two plumbers in my gym. Both retired early and have amazing houses.
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They should have went into the trades and made a 100K plus a year. Two plumbers in my gym. Both retired early and have amazing houses.
there names isnt mario and luigi by any chance?
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Worthless generation of socialists and losers
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Worthless generation of socialists and losers
we should throw them out of the country !
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good sugar daddy opportunity if you have the social skills of visualize perfection
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I read somewhere that a majority of millennials think they’ll be millionaires by 50. Not sure how they’ll accomplish that buying avacodo toast for $12 a whack.
Apparently its from having their own YouTube channel and each making BILLIONS $$$ Free money $$$ Kachingo $$$
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Worthless generation of socialists and losers
Don’t lump me into those cucks, I’m 24 living on my own with no debt.
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One survey had their biggest stress in life, when their phone was lost or broken.
:(
OH THE HUMANITY!!
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They should have went into the trades and made a 100K plus a year. Two plumbers in my gym. Both retired early and have amazing houses.
It’s a shitty business literally but a solid way to make a living. It’s even getting easier with more PEX and PVC pipe and less heavy wrenching.
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If you are living paycheck to paycheck you are living beyond your means.
Move into a more affordable cardboard box.
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Don’t lump me into those cucks, I’m 24 living on my own with no debt.
Good job!
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If you are living paycheck to paycheck you are living beyond your means.
Move into a more affordable cardboard box.
They want to live in New York or San Francisco where the rents are sky high and they won't even be able to save $1.
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They want to live in New York or San Francisco where the rents are sky high and they won't even be able to save $1.
Yes, but it's worth it.
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Yes, but it's worth it.
Why?
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Yes, but it's worth it.
I believe I read that many ppl who live in San Fran spend 70% of their paychecks on rent.
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I believe I read that many ppl who live in San Fran spend 70% of their paychecks on rent.
Yes, much better to live outside the city and just visit whenever you desire.
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Tons of people I work with have nothing, they work 6 months straight on the ship, then use everything they've earned in those 6 months on their 3 month vacation. Backpacking through Europe, elaborate trips to Bali, Australia
.all kinda of stuff. One friend of mine came back to the ship with $5 in his bank account.
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Why?
It never rains in California.
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The lad I work with lives like this in fact even worse as I often have to pay him Monday morning for Monday’s pay so he can buy food for when we stop for dinner, usually has already had 2 to 3 days of his pay come Friday. I’ve tried to talk sense into him but every week it’s the same shit I couldn’t imagine living like that in fact I think it’s childish as part of growing up and being a man includes managing your money it dosent surprise me that these millennials spoiled pussies do this
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New Survey from Varo Shows Americans Are Underfunded but Optimistic
By Editors at Varo
SAN FRANCISCO – March 5, 2019 – New survey research from mobile banking company Varo Money found Americans are curiously optimistic about their futures, despite having little or no money saved.
Emergency cash
Across all age groups, 55% of respondents said they did not have $500 in cash for an emergency. Men are far more likely than women to have an emergency fund of at least $500 (56% of men vs. 39% of women). Six in 10 (61%) millennials don’t have $500 to cover an emergency expense; that percentage is even higher for millennial women, 65% of whom don’t have that amount. Suggesting a link to lack of emergency cash and general financial vulnerability, 43% of all people who don’t have access to $500 also do not have health insurance.
https://www.varomoney.com/press_release/new-survey-from-varo-shows-americans-are-underfunded-but-optimistic/ (https://www.varomoney.com/press_release/new-survey-from-varo-shows-americans-are-underfunded-but-optimistic/)
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To be honest I did too in my early 20's :-\
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It never rains in California.
I mean why live in San Francisco? Live 50-75 miles outside of the city and visit on the weekends. You get the great weather for a much cheaper price.
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I work at Auto Zone and Rory’s works at CVS as a manager.
Combined income is about 90K. Not too shabby.
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62% of millennials say they’re living paycheck to paycheck
Yeah, their parent's paycheck...
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I mean why live in San Francisco? Live 50-75 miles outside of the city and visit on the weekends. You get the great weather for a much cheaper price.
15 Reasons Living In San Francisco Is The Best – And Everyone Should Move Here
https://www.onlyinyourstate.com/northern-california/san-francisco/living-in-san-francisco/
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15 Reasons Living In San Francisco Is The Best – And Everyone Should Move Here
https://www.onlyinyourstate.com/northern-california/san-francisco/living-in-san-francisco/
All of those benefits you get from my post of living 50-75 miles from the city and just visiting. The people who really benefit from living in San Francisco are homeless bums and junkies who can get clean needles for free. No thanks.
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All of those benefits you get from my post of living 50-75 miles from the city and just visiting. The people who really benefit from living in San Francisco are homeless bums and junkies who can get clean needles for free. No thanks.
Don't forget you get to ride the cables cars everyday at $8 a pop.
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They should have went into the trades and made a 100K plus a year. Two plumbers in my gym. Both retired early and have amazing houses.
General contractor here. Retired at 55. Wife was an accountant (a useful degree) retired at 55
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Pfft! Fake news. Everyone knows that Millennials don't work.
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I'm frugal, I save about 35-40% of my paycheck. I'm also in the 90th percentile of income, but given the fact that I live in a developing country, that just puts me in the middle class.
I think I could "semi retire" at 45 if I wanted. By "semi retire" I mean working 20 hours a week.
If I wanted to fully retire right now, I would need $720,000. I would put that in a fixed deposit at 5% and I would take half the returns to live off. That way, I would fight off inflation. Yes, $1500 a month is enough to have a more than decent lifestyle in a low income country, but if you want to be upper class, double those numbers.
I will probably never fully retire. I enjoy working, and not doing something productive would destroy my ego.
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i got divorced close to 2 yrs ago,im living better than ever,thank god,i pay my child support,had easy divorce thankfully kept lawyers out'did mediation'process instead.i was afraid i would be suffering after the fact.
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Update: survey addendum showed that 10/10 ( 100%) of getbiggers didn't have a $500 emergency fund and owed their mom
for 3 years "back rent" on their basement apt.
:D
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i got divorced close to 2 yrs ago,im living better than ever,thank god,i pay my child support,had easy divorce thankfully kept lawyers out'did mediation'process instead.i was afraid i would be suffering after the fact.
many times divorce is so damaging to men.
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Pfft! Fake news. Everyone knows that Millennials don't work.
I almost wish they truly didn't.. I employ a hand full of them.. 1 out of the 4 is a good hard worker( the poor kid who can only afford a cell phone when he get his bonus)… the others, are just straight up fuckin stupid.. thats the only explanation and that's exactly what it is.. I blame the school system.. ive got an 85 year old woman who works one night a week and I wish I had 5 more of her to replace these kids.
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I work at Auto Zone and Rory’s works at CVS as a manager.
Combined income is about 90K. Not too shabby.
SF1900 is Rory a store manager or an ASM? As a CVS store manager, unless its a very low volume store in a rural area, he should be pulling in close to 90k by himself.
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Congratulations!
I speak with a little experience when it comes to divorce LOL.
On a serious note, knowing what you do now, would you have had a kid with her?
I HAVE 3 HOWARD...HARD TO SAY...
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I read someone mention avocado toast. I had a feeling that would come up. How expensive are these avocados people are buying? I buy five of them for three bucks at Aldi and eat avocado toast at breakfast near daily.
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SF1900 is Rory a store manager or an ASM? As a CVS store manager, unless its a very low volume store in a rural area, he should be pulling in close to 90k by himself.
Sorry, Dave, he is an assistant manager.
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I read someone mention avocado toast. I had a feeling that would come up. How expensive are these avocados people are buying? I buy five of them for three bucks at Aldi and eat avocado toast at breakfast near daily.
I get my avocado toast from a local cafe and it's about $8.75 with tax.
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Sorry, Dave, he is an assistant manager.
You came out of the closet? ???
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I almost wish they truly didn't.. I employ a hand full of them.. 1 out of the 4 is a good hard worker( the poor kid who can only afford a cell phone when he get his bonus)… the others, are just straight up fuckin stupid.. thats the only explanation and that's exactly what it is.. I blame the school system.. ive got an 85 year old woman who works one night a week and I wish I had 5 more of her to replace these kids.
1 out of 4 your doing well, I only employ over 50s in my admin team now and only women, the boys on the factory floor call me the granny banger as I don't employ any young hotties, too much drama and no productivity and they want to be paid well over their worth, will take an older well more experienced if were being politically correct over the young ones anyday of the week, they know the value of having a job, the iPhone generation are hopeless. Creates a few issues as they get older and their skill sets start to fail, but I just communicate with them respectfully and we navigate it.
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Sorry, Dave, he is an assistant manager.
>:( go back to the top .
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To be honest I did too in my early 20's :-\
Same.
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I love these finance-related threads. Every other person starts firing off their own personal situation.
Strange.
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I get my avocado toast from a local cafe and it's about $8.75 with tax.
I’ve never had it outside my home. What a ripoff! That’s why I rarely eat out.
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I always had money in the bank. Most people just blow it. I wouldn't say it's just this generation. I value working for it too much to just blow it.
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You came out of the closet? ???
Never been in!
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The dark reason so many millennials are miserable and broke
Marketwatch ^ | 05/14/2019 | Catey Hill
Posted on 5/14/2019, 12:48:16 PM by SeekAndFind
You’re not going to like this.
Millennials spend more time on social media than older generations: People ages 25-34 spend 141 minutes per day on it, versus 105 for the 35-44 set. And that could be hurting both their finances and mental health.
Indeed, nearly half of millennials (49%) say that their spending habits have been influenced by the photos and experiences their friends share on social media, compared with only about one-third of Americans in general, according to a data survey of more than 1,000 Americans by financial firm Charles Schwab.
“Social media has become the millennials’ financial Achilles Heel.” — Allianz Life 2018 survey
Other surveys have uncovered similar trends: Roughly two in three millennials think that social media has a negative impact on their financial well-being, according to a 2018 survey of more than 2,000 millennials from financial firm Fidelity. Data released in 2018 by mobile bank firm Varo Money found that 53% of millennials admit to buying something they saw advertised on social media. And a 2018 survey from Allianz Life shows that more than half of millennials (57%, versus just 28% of Gen Xers and 7% of boomers) say they’ve spent money they hadn’t planned to because of something they saw on social media.
(Excerpt) Read more at marketwatch.com ...
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As said before, it’s strange to see every other one firing off their financial habits and situations when these topics come up.
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I’ve never had it outside my home. What a ripoff! That’s why I rarely eat out.
I eat my avocado toast while I wear my scarf with my arms filled with tattoos.
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I love these finance-related threads. Every other person starts firing off their own personal situation.
Strange.
Getbig has always been the home of the genetically elite who are super wealthy.
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Getbig has always been the home of the genetically elite who are super wealthy.
Yeah, every other one is retired at 35 to 50. All these amazingly industrious and intelligent studs who have to fight women off with a stick just happened to gather in this one place on the net.
Mention anything finance related and they’ll fire off their life credentials and how awesome they are. Eg: “I saved 50 percent of my paycheck, retired at 40, used to bed down a different woman every week, now married with five kids, no debt.”
You’ll also hear the recommendation that every schlep should go into the trades, as if they’re all cut out to do that sort of work and the notion that all tradesman earn six figures and retire millionaires. Many do good, for sure. And they’re great fields, truly manly fields. But plenty of tradesmen are still working in their 60s and are physical wrecks, some mental wrecks too.
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i got divorced close to 2 yrs ago,im living better than ever,thank god,i pay my child support,had easy divorce thankfully kept lawyers out'did mediation'process instead.i was afraid i would be suffering after the fact.
Same here..
Divorce got finalized this past October..
Went thru mediation.. Never getting married again.. Didn't have a prenup so it cost me about 25% of my networth.. Already paid her off and with the exception of child support which I'll have for next 10 years.. I'm at better place now financially than when I was married to her even though it was a 2 income household..
;D ;D
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Retired...25+ yrs away from 65....one son...married for 11 yrs. Moved out of my parents home at 20. Millennial niece 24 and nephew 23 with college degrees still living with mommy and daddy. Millennials are lazy entitled fucks.
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Don’t lump me into those cucks, I’m 24 living on my own with no debt.
22 myself same situation.
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Same here..
Divorce got finalized this past October..
Went thru mediation.. Never getting married again.. Didn't have a prenup so it cost me about 25% of my networth.. Already paid her off and with the exception of child support which I'll have for next 10 years.. I'm at better place now financially than when I was married to her even though it was a 2 income household..
;D ;D
LAST LINE QFT SAME HERE....
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Retired...25+ yrs away from 65....one son...married for 11 yrs. Moved out of my parents home at 20. Millennial niece 24 and nephew 23 with college degrees still living with mommy and daddy. Millennials are lazy entitled fucks.
Rory and I lived with my parents for a while.
Not a big deal.
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Rory and I lived with my parents for a while.
Not a big deal.
Is Rory a guy? I keep forgetting.
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Retired...25+ yrs away from 65....one son...married for 11 yrs. Moved out of my parents home at 20. Millennial niece 24 and nephew 23 with college degrees still living with mommy and daddy. Millennials are lazy entitled fucks.
Actually it is baby boomers and some Gen Xers who are too lazy to realize that housing costs have skyrocketed in the past two decades and wages have remained stagnant! Go try renting an apartment in major metro areas with a job a 20 year can have.
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Is Rory a guy? I keep forgetting.
Yes.
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Rory and I lived with my parents for a while.
Not a big deal.
How did intimacy work with this living arrangement? Did your parents turn a blind eye and deaf ear to your and Rory’s beautiful lovemaking which on occasion included an obese black gentleman with letters following his name?
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How did intimacy work with this living arrangement? Did your parents turn a blind eye and deaf ear to your and Rory’s beautiful lovemaking which on occasion included an obese black gentleman with letters following his name?
I just said, "Hey, mom, it's none of your damn business. I pay rent here and I will do what I like." She casually responded with, "Not while you live under my roof. If you keep up the tomfoolery, I will increase your rent." I responded with, "Well, mom, I don't need your damn apartment. I am going to live with Mr. Vince Goodrum, CSN, MFT, HPP, CEO." She said "go ahead and have fun."
My mom and I have not talked since.
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I just said, "Hey, mom, it's none of your damn business. I pay rent here and I will do what I like." She casually responded with, "Not while you live under my roof. If you keep up the tomfoolery, I will increase your rent." I responded with, "Well, mom, I don't need your damn apartment. I am going to live with Mr. Vince Goodrum, CSN, MFT, HPP, CEO." She said "go ahead and have fun."
My mom and I have not talked since.
Perhaps if you show your mam Vince goodrums bodybuilding contest photos it will win her over?
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Perhaps if you show your mam Vince goodrums bodybuilding contest photos it will win her over?
I showed her this picture. In the picture, Vince looks serious, yet playful.
(https://img.youtube.com/vi/flNaYxcfl3U/mqdefault.jpg)
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I get my avocado toast from a local cafe and it's about $8.75 with tax.
Visit me & eat tons of avocados 4 free ;)
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I showed her this picture. In the picture, Vince looks serious, yet playful.
(https://img.youtube.com/vi/flNaYxcfl3U/mqdefault.jpg)
That is a beautiful photo, if that cannot win her round I fear nothing will my handsome friend
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Visit me & eat tons of avocados 4 free ;)
How for free?
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That is a beautiful photo, if that cannot win her round I fear nothing will my handsome friend
I agree. That picture says a 1,000 words!!
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How for free?
NO $$$, they grow on trees, just like mangos or jack fruit ...............easy pick up 8)
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I showed her this picture. In the picture, Vince looks serious, yet playful.
(https://img.youtube.com/vi/flNaYxcfl3U/mqdefault.jpg)
Dear God.
If that isn't the fucking missing link, then I don't know what could possibly be.
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I've tried helping so many times - refuses to listen.
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Worthless generation of socialists and losers
GENERATION OTHING!!!! THE FUCKING SCOURGE OF THIS PLANET!!! I AHTE EVERYONE UNDER 30!!!!!!!!!!
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Dear God.
If that isn't the fucking missing link, then I don't know what could possibly be.
lol Vince isn’t exactly the poster boy for being fit either.
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Actually it is baby boomers and some Gen Xers who are too lazy to realize that housing costs have skyrocketed in the past two decades and wages have remained stagnant! Go try renting an apartment in major metro areas with a job a 20 year can have.
Then they should move to the suburbs where it’s more affordable. You can’t always get everything you want.
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Then they should move to the suburbs where it’s more affordable. You can’t always get everything you want.
Haha! I live in a suburb in which the average home costs $525k. My mother’s apartment costs $333k. Things have gone up all over.
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Haha! I live in a suburb in which the average home costs $525k. My mother’s apartment costs $333k. Things have gone up all over.
Small towns and rural areas are the only cheap (and safe) places now.
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Visit me & eat tons of avocados 4 free ;)
G4P??
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Actually it is baby boomers and some Gen Xers who are too lazy to realize that housing costs have skyrocketed in the past two decades and wages have remained stagnant! Go try renting an apartment in major metro areas with a job a 20 year can have.
There's plenty of people doing it. 5 of my best guy friends moved to NYC after college. They all lived in the city, had roommates, made it work like anyone who really wants to make it works does. Wages have been stagnant for 20 years? That's not true at all. This seems to be the new lie being passed around.
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There's plenty of people doing it. 5 of my best guy friends moved to NYC after college. They all lived in the city, had roommates, made it work like anyone who really wants to make it works does. Wages have been stagnant for 20 years? That's not true at all. This seems to be the new lie being passed around.
Wages..just depends..but employers are not kind after the Recession.
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Wages have been stagnant for 20 years? That's not true at all.
Might want to check Federal DOL and BLS statistics before making such a false claim
(https://www.pewresearch.org/wp-content/uploads/2018/08/FT_18.07.26_hourlyWage_adjusted.png)
100% certainty wage growth of the labor force is non-existent when compared to GDP, inflation, and cost of living
https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/
https://hbr.org/2017/10/why-wages-arent-growing-in-america
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Might want to check Federal DOL and BLS statistics before making such a false claim
(https://www.pewresearch.org/wp-content/uploads/2018/08/FT_18.07.26_hourlyWage_adjusted.png)
100% certainty wage growth of the labor force is non-existent when compared to GDP, inflation, and cost of living
https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/
https://hbr.org/2017/10/why-wages-arent-growing-in-america
This right here.
The strongman, libertarian, “work hard” narrative runs deep on GB.
Oh, who raised us millennials? Gee. I wonder who.
I’m a millennial, have a wife, kids. I have some debt but I’m alright. I don’t turn a blind eye though.
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Might want to check Federal DOL and BLS statistics before making such a false claim
(https://www.pewresearch.org/wp-content/uploads/2018/08/FT_18.07.26_hourlyWage_adjusted.png)
100% certainty wage growth of the labor force is non-existent when compared to GDP, inflation, and cost of living
https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/
https://hbr.org/2017/10/why-wages-arent-growing-in-america
Whoa whoa whoa. You're completely changing the argument. His original argument was that housing prices have skyrocketed and wages have remained stagnant in major metro areas the last 20 years. That's not true at all. You're changing the argument to "purchasing power" that was never his contention. Housing prices have gone up and wages have gone up. I used NYC as an example. The median income of a family in NYC has risen roughly (within a few percentage points) as the average apartment rental cost across the city. They're are small examples like areas in silicon valley or other anomalies like that, but overall wages have kept up with housing, especially considering we live in the most mobile society in the history of the planet. There's all sorts of propaganda being poured out there, with specially chosen years and areas to try and make a bigger issue of a largely inconsequential problem. Again, skewed data being used by the globalist media to try to create problems that don't exist, and to espouse the solution of more government intervention and regulation. Which is never the right strategy.
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Just actually looked up the age of millennials didn’t realise it was actually people my age was thinking it was those born later, I didn’t think we were as bad as that money wise just based off the people I know (other than the lad I work with) but obviously can only make assumptions based on how they live and don’t know for sure if they live pay to pay but don’t appear too
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Whoa whoa whoa. You're completely changing the argument. His original argument was that housing prices have skyrocketed and wages have remained stagnant in major metro areas the last 20 years. That's not true at all. You're changing the argument to "purchasing power" that was never his contention. Housing prices have gone up and wages have gone up. I used NYC as an example. The median income of a family in NYC has risen roughly (within a few percentage points) as the average apartment rental cost across the city. They're are small examples like areas in silicon valley or other anomalies like that, but overall wages have kept up with housing, especially considering we live in the most mobile society in the history of the planet. There's all sorts of propaganda being poured out there, with specially chosen years and areas to try and make a bigger issue of a largely inconsequential problem. Again, skewed data being used by the globalist media to try to create problems that don't exist, and to espouse the solution of more government intervention and regulation. Which is never the right strategy.
um... okay
First off wages have remained stagnant in terms of inflation. So if the cost of anything else goes up housing, food, clothes, transportation...etc... purchasing power has a net decrease. As such wages would therefore NOT be keeping up with rents/housing
Is a home or rental the same price as 1978???
Because wages sure are...
https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/
"After adjusting for inflation, however, today’s average hourly wage has just about the same purchasing power it did in 1978, following a long slide in the 1980s and early 1990s and bumpy, inconsistent growth since then. In fact, in real terms average hourly earnings peaked more than 45 years ago: The $4.03-an-hour rate recorded in January 1973 had the same purchasing power that $23.68 would today."
(https://static.seekingalpha.com/uploads/2018/8/1/saupload_median-household-income-in-the-21st-century-nominal-and-real-estimates-200001-thru-201806.png)
Wages vs Rents
(http://wire.cjc.net/wp-content/uploads/2015/10/Rent-Low-Housing-High-chart.png)
Home prices are rising faster than American wages
Real estate economist: Home prices are increasing twice as fast as income growth
https://www.msn.com/en-us/money/realestate/home-prices-are-rising-faster-than-american-wages/ar-BBP6kqh
https://www.cnbc.com/2018/03/13/economist-home-prices-are-increasing-twice-as-fast-as-income-growth.html
And they are referring to NOMINAL wages... not inflation adjusted which haven't budged.
HOWEVER the rich are getting richer (MORE purchasing power) while the middle class gets h-o-s-e-d
(https://www.wsws.org/asset/f5416b87-111d-47e1-bc43-0645e78d02fO/image.jpg?rendition=image480)
Someone tell me again how everything is just fine and dandy?
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um... okay
First off wages have remained stagnant in terms of inflation. So if the cost of anything else goes up housing, food, clothes, transportation...etc... purchasing power has a net decrease. As such wages would therefore NOT be keeping up with rents/housing
Is a home or rental the same price as 1978???
Because wages sure are...
https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/
"After adjusting for inflation, however, today’s average hourly wage has just about the same purchasing power it did in 1978, following a long slide in the 1980s and early 1990s and bumpy, inconsistent growth since then. In fact, in real terms average hourly earnings peaked more than 45 years ago: The $4.03-an-hour rate recorded in January 1973 had the same purchasing power that $23.68 would today."
(https://static.seekingalpha.com/uploads/2018/8/1/saupload_median-household-income-in-the-21st-century-nominal-and-real-estimates-200001-thru-201806.png)
Wages vs Rents
(http://wire.cjc.net/wp-content/uploads/2015/10/Rent-Low-Housing-High-chart.png)
Home prices are rising faster than American wages
Real estate economist: Home prices are increasing twice as fast as income growth
https://www.msn.com/en-us/money/realestate/home-prices-are-rising-faster-than-american-wages/ar-BBP6kqh
https://www.cnbc.com/2018/03/13/economist-home-prices-are-increasing-twice-as-fast-as-income-growth.html
And they are referring to NOMINAL wages... not inflation adjusted which haven't budged.
HOWEVER the rich are getting richer (MORE purchasing power) while the middle class gets h-o-s-e-d
(https://www.wsws.org/asset/f5416b87-111d-47e1-bc43-0645e78d02fO/image.jpg?rendition=image480)
Someone tell me again how everything is just fine and dandy?
I’m unsure how he didn’t get this.
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Lots of charts in this thread
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Lots of charts in this thread
Getbiggers only discuss high-end, sophisticated charts.
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to comments.
Confirmed: Millennial men live with their parents more than other generations
Yahoo ^ | May 17, 2019 | Aarthi Swaminathan
Posted on 5/18/2019, 6:53:35 PM by GuavaCheesePuff
More millennial men are choosing to live with their parents compared to previous generations, according to an analysis by J.P. Morgan.
Using Census microdata, the bank’s researchers found that the millennial generation — which is “far from monolithic” and is broken down into early, middle and late stages — has been “reaching lifecycle milestones later in life than prior generations,” and in particular, has been moving into their own households at a “slower pace than their predecessors.”
The difference in behavior compared to Baby Boomers and Gen Xers is most pronounced with middle millennial men (born between 1986 and 1990) and is deepened with late millennials (born 1991 to 1995).
(Excerpt) Read more at yahoo.com ...
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I showed her this picture. In the picture, Vince looks serious, yet playful.
(https://img.youtube.com/vi/flNaYxcfl3U/mqdefault.jpg)
When Vince was born, the Dr told the nurse, "throw him out of the window, if it flies it's a bat."
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I work with money every day in my profession and my referral partners also work in the money world too. I am proud of myself; I had an amazing speaking engagement in front of several BK attorneys 2 weeks ago about using equity as part of retirement planning and new benefits of the HECM
remember Money is a tool - it can make you a better or worse person
most who have financial difficulties - it is due to poor choices/low will power.
today's society it is common to live paycheck to paycheck, why so many americans do it. "just the way it is"
access to credit is easier than ever - credit is dangerous leverage - be careful
it is key to have a good relationship with money -
good luck
Tres-
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33 here, so a millenial I guess. Living alone in my own place (part mortgage, but a small monthly payment, no big deal at all. Lived at my parents or ex gfs places homes for quite a while, saved and got my own place later on. Bastard eh). Honestly, I have a very, very good life currently, BUT I realize that with a family I'd have to work a lot harder to sustain this lifestyle. Rent prices are high, do not make fun of these people who stay at their parents home, if they are saving - that may be one of the best decisions currently. It's difficult to compare different generations as enviromental factors are NOT the same, at all.
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Thanks for the concise and honest reply.
Never having ahd my own children, I can only imagine what it must be like.
I'd estimate it's a lot of long tedious work truncated by moments of great joy or serious stress.
I'll also say that if everyone was like me humannity would quickly die off. :o
Thanks for not having children, some people should not have them.
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33 here, so a millenial I guess. Living alone in my own place (part mortgage, but a small monthly payment, no big deal at all. Lived at my parents or ex gfs places homes for quite a while, saved and got my own place later on. Bastard eh). Honestly, I have a very, very good life currently, BUT I realize that with a family I'd have to work a lot harder to sustain this lifestyle. Rent prices are high, do not make fun of these people who stay at their parents home, if they are saving - that may be one of the best decisions currently. It's difficult to compare different generations as enviromental factors are NOT the same, at all.
Rollin’ like a getbigger!
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I agree and my mom should have done the same. ;)
So you wish you were never born, says a lot.
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Thanks for not having children, some people should not have them.
That's why I always have sex above the shoulders. 45 and no kids. Always irritates me when people give me a sideways look when I tell people in my age range that I don't have kids. It's a choice, not a birth right.
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That's why I always have sex above the shoulders. 45 and no kids. Always irritates me when people give me a sideways look when I tell people in my age range that I don't have kids. It's a choice, not a birth right.
It's like people think you have failed for not reproducing but then they are the ones complaining about the cost of raising kids and all the other problems with kids. ::)
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It's like people think you have failed for not reproducing but then they are the ones complaining about the cost of raising kids and all the other problems with kids. ::)
Exactly. I guess I'm wired different than most when it comes to not wanting kids. In my opinion, it raises my stock in the dating/hookup world. I'm used to hooking up with single moms who appreciate not having to work around my kid's schedule.
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Exactly. I guess I'm wired different than most when it comes to not wanting kids. In my opinion, it raises my stock in the dating/hookup world. I'm used to hooking up with single moms who appreciate not having to work around my kid's schedule.
As well as your financial stocks.
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60-70% of people have probably always lived paycheck-to-paycheck.
60-70% seems low if you ask me.
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Raising a child properly is no easy task. I don’t know how my mom had four, my son is enough for me.
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Good for you!
If you feel good and are at peace, then stay on your current course.
I'm convinced lots of guys get married, have kids and "settle down" because ... it's what you do.
Doing something that important because " it's what you do" all but guarantees you'll be fuked in the long run.
The best path is a careful analysis of everything and THEN making an informed decision.
If that's living alone in a minimalist lifestyle or married w/kids, ok, fine.
Just don't fall backwards into something and wonder how you got there . :o
You've been saying this shit and have been hung up on the kids issue for the past decade.
Many people make decisions because of popular action. And considering the survival of the human species depends on reproduction, it is going to be a popular decision, let alone the fact that sex and reproduction are biological urges!
The advice you give should be self-evident to teenagers with functional households and normal upbringings so long as they have half a brain and a tiny iota of agency.
At this point, I believe, though perhaps wrongfully so, your fixation on marriage and kids is a massive cope! Over and over through the years you've been talking about this. Occasionally you'll throw a bone to happily married men with children they love, by saying something like, "Oh, if that's good for them, then rock on!" and I assume that is an attempt to appear more even-keeled.
Not sorry, some of us were and are smart and responsible enough to know that marriage was and is for us and for the time being, have great marriages, kids we love, and great in-laws and much joy for all involved because of this familial situation. People like you show that you simply take your needs, your comfort, your inconveniences to heart, while the rest of us put our hedonistic and lazy urges aside and realize inconvenience and burdens are to be absorbed by real men and this life consists of more than comfort, the fucking gym, food, and fun.
It reminds me of some older MGTOW's (I say some because I can understand some reasons for going MGTOW) who attempt to heap their baggage on younger men and tell them how bad marriage is, throw divorce stats in their face, and say that all women are whores, opportunists, and gold diggers. Although some, or maybe even many modern women are like that, there are plenty of us who obtained great wives and great in-laws.
And maybe, just maybe, many men should have done some goddamn proper screening and vetting before committing to the women they divorced! Of course some people change for the worse or become incompatible during a marriage, there are many men who didn't pay attention to serious warning signs : spending habits, bad behavior, drug habits, possibly untreated mental illness, nutcase in-laws, etc.
I've even had shit thrown my way online after expressing my love for and being dedicated to my family. Imagine that, a man being called a "beta" because he shares such feelings. But to me, possibly wrongfully so, this is just another manifestation of embittered people heaping their shit on others. Any respectable man would be justified in challenging a fair one (or maybe an unfair one) for such ludicrous insults for one's family.
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That's why I always have sex above the shoulders. 45 and no kids. Always irritates me when people give me a sideways look when I tell people in my age range that I don't have kids. It's a choice, not a birth right.
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