Millennials and Gen Z Can’t AFFORD Homes And It’s Not Because Of OVERSPENDING

  Рет қаралды 369,816

Freddie Smith

Freddie Smith

16 күн бұрын

Пікірлер: 2 400
@jordanguillory7180
@jordanguillory7180 14 күн бұрын
Why do they act like everyone is going on vacations when only rich people are???? Thats not a generational thing!
@DeenanTheKemon1
@DeenanTheKemon1 14 күн бұрын
Tone deaf. Same reason they told us all; "Just buy an EV if gas is expensive."
@pooksmagoo6521
@pooksmagoo6521 14 күн бұрын
From what I’ve heard on the news and other financial reports millennials and Genzie are going on vacations and they’re putting it on credit cards 😱
@koboldsage9112
@koboldsage9112 14 күн бұрын
It is a generational thing. Middle class boomers grew up with ski trips and vacations. The middle class has been priced out of those luxuries and boomers act like we still have them.
@MedEwok
@MedEwok 14 күн бұрын
In Germany it is still very common for everyone to go on vacation at least once a year, often to some Mediterranean beach, even for lower middle class people.
@justme-ti1rh
@justme-ti1rh 14 күн бұрын
I know people who take a vacation every year and make under 40 grand. Didn't know that's rich.
@williamwallace5367
@williamwallace5367 14 күн бұрын
When you're never gonna be able to afford a home or retire, the incentives for pushing off the fun stuff and sacrificing just isn't there. It's either enjoy life now or literally never.
@MemphisCorollaS
@MemphisCorollaS 14 күн бұрын
Yep. It’s not like people now would be sacrificing and grinding for 5 hard years in their 20’s to get the house and nicer car to then start really putting money away for retirement plus paying off debts. It’s 15-20 years of loving like monks required to get to that same place assuming no major medical setbacks, no large scale economic collapses, and steady career growth with companies honoring their arbitrary 5 years in between major promotions timeline that is never communicated clearly with employees anyway. Why do that, when those experiences to Disney world, 2-4 cities with fun touristy things, and a dozen concerts are going to add much more tangible value and realistic goal achievement for many people now. The carrot in front of our faces isn’t enough motivation anymore, so many people stop cashing that dream.
@CreativityNull
@CreativityNull 14 күн бұрын
Oh my god this.
@CreativityNull
@CreativityNull 14 күн бұрын
​​@@MemphisCorollaS because the carrot isn't on a stick, the carrot is on a rocket powered RC car that moves 100x faster than we can. If it's impossible, why bother?
@justme-ti1rh
@justme-ti1rh 14 күн бұрын
Only reason why you never own a home is because you listen to him and believe him.
@justme-ti1rh
@justme-ti1rh 14 күн бұрын
​@@CreativityNullonly of you let it.
@klara709
@klara709 12 күн бұрын
As a clinical psychology student, I think placing "therapy appointments" between coffee and trendy clothes is insulting. Healthcare is not a whim or fancy.
@MadiganinPeach
@MadiganinPeach 10 күн бұрын
It would be considered a whim to older generations. If they can do it without therapy then all of us should be able to as well. (Never mind the damage they themselves caused on younger generations, that's just "character building" and we're all too weak to handle the "real world" not to mention that anyone with a mental health "issue" was either "fixed" quick or locked away out of sight forever for their generation and I'm pretty sure they still think that's the best way to create a perfect world.)
@stephaniereynolds6921
@stephaniereynolds6921 9 күн бұрын
Also a lot of people pay little to nothing for their therapy, either because of insurance, individual hospital help, or less expensive online options. I do almost none of the things on this list, but most people that I know who do still live with their parents so...not that crazy to spend a little extra money.
@PerceusAdalian
@PerceusAdalian 9 күн бұрын
As a child of a PHD Psychologist I understand completely. I grew up being taught that everyone should see a therapist if they require it, and it should be accessible. However, doing it to be trendy, and taking away resources from individuals that are psychologically traumatized is heinous. Everyone deserves proper and affordable healthcare, not everyone *needs* said niche healthcare.
@chrisharris2367
@chrisharris2367 6 күн бұрын
They were too busy working to be depressed. When your working taking care of kids cleaning cooking and going nonstop You literally have less time to feel sorry for yourself or dwell on past misfortunes.
@klara709
@klara709 6 күн бұрын
@@chrisharris2367 I can't speak for the American context as I am from Europe myself, but at least in my country the most popular way to deal with any difficult emotions among people from my parents' generation was to start drinking. People were still depressed, they just didn't acknowledge it and used alcohol to "address" and cover up the problem. Therapy options were practically nonexistent and people were to poor to afford them anyways.
@Harudodo
@Harudodo 13 күн бұрын
I love how they’re saying streaming service subscriptions are a reason when beforehand we had cable which was at least 10x more expensive than a Netflix subscription 💀
@Andy-xx3tt
@Andy-xx3tt 12 күн бұрын
It actually wasn’t, my parents used to pay $12 for cable, internet, and their landline (late 90s up to the mid-2000s). Their cable company was bought out like 15 years ago but whatever plans existing customers had continued to be honored for as long as they kept them. My parents then made the mistake of switching plans because they wanted faster internet and that’s when they started paying over $100. They went back to a cheaper plan but because they gave up their original one, the $12 cost was no longer honored. Now the bill is closer to $200 for basic everything whereas one subscription is like under $10.
@cloudsn
@cloudsn 14 күн бұрын
Do they think women didn't go to the salon and get manicures until now? Previous generations of middle class families went out to eat, they went on vacation, they spent money on booze and cigarettes. In my grandma's journal she was working as a secretary at a courthouse and going to baseball games, going bowling, going out with her friends pretty much every night. Economizing and saving up will not buy a house these days, so yeah, people go and buy a latte or (heaven forbid) subscribe to Netflix.
@Bmike5117
@Bmike5117 14 күн бұрын
Our life is a vacation now. all the information you would ever want in your pocket. Every source of entertainment at your fingertips. People have never lived like this. I don't know how people my age still manage to complain(Gen Z). I grew up in an addicts home with no food. no water or electricity at times. That's so terrible that everyone lived that way only a century and a half ago. Get real life is easy now. Go complain on twitter with your magic pocket device that can do every known mathematical calculation and tell you the weather for the next weak.
@jessewells1671
@jessewells1671 14 күн бұрын
​@Bmike5117 but can my pocket doodad make the economy better and allow me to make a livable wage just magically which would allow me to buy a home?
@theflamingtoaster1
@theflamingtoaster1 14 күн бұрын
Because we have calculators and the weather app, life is just so easy?? You sound absolutely unhinged and reek of senile boomer. ​@@Bmike5117
@madcat143
@madcat143 14 күн бұрын
​@jessewells1671 maybe it won't make the economy better, but it's made a lot of people money through social media and investment apps. So, it definitely can. I've learned how to invest and trade, using my phone, from watching KZfaq videos (also on my phone) and have done pretty well investing the money that I would have used for things that I wanted but didn't need.
@DrMFoster7
@DrMFoster7 14 күн бұрын
​@@Bmike5117 you might as well be a bot.
@tq3478
@tq3478 14 күн бұрын
Prohibit corporate residential home ownership
@ThePartySample
@ThePartySample 14 күн бұрын
That is just a piece of the whole problem pie.
@rebeccaspratling2865
@rebeccaspratling2865 14 күн бұрын
Amen.
@justme-ti1rh
@justme-ti1rh 14 күн бұрын
Stop the millions of people who enter the usa every year.
@mechaSurge
@mechaSurge 14 күн бұрын
​@@ThePartySample eating a piece makes pie smaller
@SaintSaint
@SaintSaint 14 күн бұрын
@@ThePartySample Truth. We should also make it easier to build homes(as long as they are up to code). We also need to keep property tax affordable for those who only own enough property for their own family. There are likely many other things
@Awrt281
@Awrt281 13 күн бұрын
Millennial here! Current situation. Even with paid off student loans, paid for vehicles, and absolutely no dept... STILL cant afford a house. Yes, you heard that right.
@shanetuma3845
@shanetuma3845 12 күн бұрын
I never graduated high school, but I was fairly easily able to buy a home last year for 2 reasons. 1, I have a union job, and 2 I don't live in a big city. I understand my situation is different from everybody else, but opportunities are out there.
@Blue_tuna00
@Blue_tuna00 12 күн бұрын
@@shanetuma3845 I live in spokane, I work two jobs , one being the union. No college. Also bought a home last year.
@DJLUMPAWAROO
@DJLUMPAWAROO 12 күн бұрын
What state/city do you live in? What industry do you work in? What's your salary?
@Blue_tuna00
@Blue_tuna00 12 күн бұрын
@@Awrt281 I also have 3 kids. U need to get a different degree. Or move somewhere else.
@tjobrien4486
@tjobrien4486 12 күн бұрын
Oh you in fact can. Just not in the few over populated place you would like to live. I own an acre of land and a home for under 800 a month. Great neighborhood too and still within two miles of everything a city can offer shopping wise. But yeah, if you want a fast paced life you gotta compete and people are willing to pay anything to live in cities for some reason. Even if they can never afford it. Even McDonald's out here pays 15-16 and hour. So even a fast food employee that is financially responsible has the ability to buy a home where I live.
@dracomadness792
@dracomadness792 13 күн бұрын
The powerful oligarchs really did their job on us. Raised all the prices to make themselves rich. Blame it on the young generation. Now the old and new generations fight between ourselves instead of help.
@perfectlysmart91
@perfectlysmart91 14 күн бұрын
These folks are seriously gaslighting us 😡 As a millennial, my income keeps going up while my purchasing power keeps going down. I make triple what my Mom made in 2000 when she bought her first house and I can’t afford anything on the market right now!!!!
@kyor1806
@kyor1806 13 күн бұрын
I am genuinely terrified for my future because I’m 14 and these housing prices are diabolical🤦🏽‍♀️ I’m gonna grow wings atp and fly to a new planet bc what the fuck are these prices, do they think I can pull money out of my ass like “Abracadabra”????
@goos42
@goos42 13 күн бұрын
​@@kyor1806hopefully the (housing) market crashes and prices become better by the time you need to worry about that
@thomaschristopher8593
@thomaschristopher8593 13 күн бұрын
keep voting democrat,
@GayKermit-._-.
@GayKermit-._-. 13 күн бұрын
​@@thomaschristopher8593yappin
@andrewevans7992
@andrewevans7992 13 күн бұрын
@@thomaschristopher8593you act like everyone votes for democrats just cause they complain.. shut up. My god
@DomiSalami444
@DomiSalami444 14 күн бұрын
Coming from a generation that had a cigarette addiction 😭 last time I checked a carton wasn’t free
@kwd-kwd
@kwd-kwd 14 күн бұрын
but it didnt cost what it costs now, either.
@Mr-furley
@Mr-furley 14 күн бұрын
You dont even need to take it back that far. Im only 20 and i remember my dad’s cigarettes where like $3 in 2009 and the carton was sub $20 Nowadays one pack is $10-$15 depending on what state and a carton is like $60. Thats just in my lifetime and im not even 21 yet
@mariavervena5510
@mariavervena5510 14 күн бұрын
​@Mr-furley in Canada most packs are 20$ now
@jj7546
@jj7546 14 күн бұрын
Do you think past generations of home owners were all non smokers? Do you think cigarettes cost 250 thousand dollars? Can you delete your comment and apologize to everyone who read it?
@smania7575
@smania7575 14 күн бұрын
I'm confused. Are you trying to say your generation's life choices in smoking are akin to the inflation that is crippling the current younger generations? Just trying to understand your comment more.
@Valiant_Honey
@Valiant_Honey 12 күн бұрын
Woah, woah, woah...there are some of us that absolutely do NOT go out getting lattes, nails done, ets any of the bs people spend their money on. That's not why people cant afford a home.
@gigaus0
@gigaus0 11 күн бұрын
First, generations before did have all, we literally have movies from the 90s about how they had that. 90% of SatC was that list. Second, the current generations don't have that either. 10% of the population having something doesn't mean 100% of them have it; it's the same insanity saying the US is the richest country because 1 person has a billion dollars.
@Ellifire
@Ellifire 14 күн бұрын
If I know I can’t afford a home, why am I going to give up the small bits of joy I can have. A cheap concert ticket a few months away is like all I have to look forward to. Edit to add: the most expensive concert ticket I have ever purchased is like $35 dollars, but y’all are right. I’ll put that as a down payment for a house. Thank you so much 🙏
@KaraB1353
@KaraB1353 14 күн бұрын
Right!? Like I still need a will to live!
@Ellifire
@Ellifire 14 күн бұрын
@@KaraB1353 I think they also forget that people had luxuries and were still able to buy homes.
@maxpain7197
@maxpain7197 14 күн бұрын
Well then don't cry that you can't get a house.
@boraciclemon4894
@boraciclemon4894 14 күн бұрын
​@@maxpain7197the only one in this entire thread that's even really whining about anything is you
@boraciclemon4894
@boraciclemon4894 14 күн бұрын
​@@maxpain7197they at least bring up good points, you bring nothing to the conversation other than spite
@DB-rp2gj
@DB-rp2gj 14 күн бұрын
I have NO DEBT. No college debt no car payment. No credit card debt, no medical debt. I make almost 45k a year. I still can't buy a house. Houses where I live are 250-400k. According to lenders I don't make enough money even without the debt. =/
@gsst6389
@gsst6389 14 күн бұрын
Like, the cost of living hense nesseity are MORE EXPENSIVE then the extras stuff the usual luxuries that exist in the first place to make america look better and more freer in the first place. Like has anyone relise how “nessesitys” are more expensive then “luxury’s” in a span of 3 years? Like we been milking dry!! The most expensive vaible luxurys are on avg 4-5k anything more has no real value, a scam or just to take advantage of the one dumb fool or a welth saver like arts or valuable metals. Theoriclly i could work 15/hr wage and in the spam of 3 months buy something that would last me 10-20 years or more if i so wish to. In other contries it would take 1-5 years to do the same but here? Only 3 months! Yet we spend 2-4k in the cost of living for what? To recived stuff that will only last 1 month, it benefits gone with in the month and then we have to do it again and again and again just loosing cash on monthly rental stuff? Our bennefits gone but the money is still at the other end been hold off and able to be use. We been enlsaved, slavery never went- it just changed and adapted. And- unlike old times when we could see the harm and do something about it, we- we are left blind, Its and improve and perfect ilusion and the worse? we- we are done for… where to late-
@Bmike5117
@Bmike5117 14 күн бұрын
what do you do for work? In my profession you make the same no matter what state or city you live in so its best to pick a small town and save. I have 2 houses(rentals) at 25yo looking to buy my 3rd and I only made 50k last year as my most ever.
@rebeccaspratling2865
@rebeccaspratling2865 14 күн бұрын
Yep! We live the same life, my friend. 💛
@justme-ti1rh
@justme-ti1rh 14 күн бұрын
Are you saying you can't move or travel to work?
@haileythurston6280
@haileythurston6280 14 күн бұрын
​@@Bmike5117 MOST jobs are not remote.
@SirPhysics
@SirPhysics 11 күн бұрын
The ones who indulge in those things aren't doing so instead of saving for a home, they're doing it because they cant afford a home. Saving a few grand here and there doesn't matter if your income isn't high enough to qualify
@austinrecreationaldirector3384
@austinrecreationaldirector3384 14 күн бұрын
People back then absolutely went to concerts, and uhhj "Backpacking in Europe" is an old 80s and 90s saying from how common ot was to actually go backpacking in Europe. Theyll lie and act like we're hardly working 😂
@rachelk4805
@rachelk4805 14 күн бұрын
They think we have that stuff now? 🙄 Boomers need to step away from the reality tv and get some reality checks.
@SaintSaint
@SaintSaint 14 күн бұрын
My wife does get coffee twice a week. That could have bought 1/1000th of a 1990's home in 30 years of savings/interest. However, now it will buy 1/2500th of a home(because inflation cancels some of the interest and houses are stupidly pricey)
@sandraszczepanski
@sandraszczepanski 14 күн бұрын
my mom who is a boomer by age but not attitude often gets into arguments with her peers about cost of living. She's on my side (i'm 41, bro is 35) and is always pulling up stats and facts but most of the boomers say it's not true and that I'm just lazy .... I'm a fucking teacher!!!! I think I should be able to afford to live on my own and save for a house!
@vulpesstrix6299
@vulpesstrix6299 14 күн бұрын
No one accepts checks anymore tho
@thedog5k
@thedog5k 14 күн бұрын
@@SaintSaintlmfao If you told this to a boomer, the joke would be lost on them.
@safffff1000
@safffff1000 14 күн бұрын
@@thedog5k I'm a boomer and agree with the tough times the ruling elite banksters have scammed on the young
@mikemesta1
@mikemesta1 14 күн бұрын
Three big main corporations are buying a majority of single family owned housing.Not one media outlet is talking about this
@buddyrevell511
@buddyrevell511 13 күн бұрын
because it's actually not true. They own maybe 5% of SFHs.
@mikemesta1
@mikemesta1 13 күн бұрын
@@buddyrevell511 also not true. I actually own a house and only business have tryed to buy my house. It's not even for sale.
@dudemcgee256
@dudemcgee256 12 күн бұрын
@@buddyrevell511 Condos and apartments are not included in this. This would account for a GIANT portion of young peoples dwellings as they will be concentrated in the most densly populated areas as well as being in the price range of the demographic. This is defined as muli family housing and corporations do own 42 percent of that market. So if we look at actual housing without manipulating the figures with semantic definitions, corporotions own 47 percent of the housing market in just "single family homes" and "multifamily housing". I'm sure there are other categories that are excluded, but that is all the time I'm gonna spend on this comment.
@ThisChangeIsAwful
@ThisChangeIsAwful 12 күн бұрын
@@buddyrevell511 why are you schilling for people who hate you and want to make your life as hard as possible so they can have the highest profits?
@samuelaritan3766
@samuelaritan3766 12 күн бұрын
They also own stock in the realty companies that buy and sell the house, so they are paying themselves as they buy the home.
@AlphaMale_1
@AlphaMale_1 13 күн бұрын
After graduating with an engineering degree and started working professionally in 1984, plus my wife working and saving her paycheck, no partying, no vacations, no new car,, but saving and investing until 1990 to buy a modest house with 20% down to save PMI. The loan interest rate was 12%.
@peacekeeperbabe
@peacekeeperbabe 11 күн бұрын
So…u needed 2 incomes 2 do that. Well…
@chrispbacon002
@chrispbacon002 10 күн бұрын
6 years is reasonable, not what we have now, a usen car pays more interest than a mew one today, good luck saviing up 20 percent to save pmi, thats a luxury
@djfusionkotb
@djfusionkotb 13 күн бұрын
Homes are the most valuable thing a human can have and it’s been exploited by the greed. It’s time to fight back against this soon.
@nlmaster9811
@nlmaster9811 14 күн бұрын
I don’t see how someone getting a latte every week is worse than the two packs a day gen x were smoking for 30 years.
@andrewevans7992
@andrewevans7992 13 күн бұрын
Fr my boomer grandparents always went out to eat and drink coffee with their stupid ass friends at coffee shops, but apparently we can’t do that either or anything and should be slaving away for nothing
@austint1151
@austint1151 12 күн бұрын
Well. One a week isn't bad. But 2 a day is like $400/month. Or one latte and a combo from Whataburger. $400/month into the S&P500 from 18 to 55 makes you a millionaire. Criticizing lattes instead of the economy in general is cringe when you're on the news, but for individual advice yes, stop buying lattes until the powers that be fix the economy.
@unacceptablesisterpeter3431
@unacceptablesisterpeter3431 12 күн бұрын
As someone about to buy a house that I will spend the next 25 years paying off, I have looked at what I will need to sacrifice. -Vacation that will cost more then $500 annually -Eating out and high end groceries. -New clothes. Replacements only. I am not entitled to my own home. I worked hard to become debt free and then.start saving. Now I have an investment.
@darrenswails
@darrenswails 12 күн бұрын
Baby steps?​@@unacceptablesisterpeter3431
@BlkIzButta
@BlkIzButta 12 күн бұрын
You have your generations mixed up. The 2 packs a day cigarette habit was a Boomer and Silent Generation thing. Things were cheaper than. There wasn’t all of the technology and social media 30 years ago. Late millennials and Gen Z people are too busy looking for validation and showing off a lifestyle they really can’t afford just to impress a bunch of random people on social media. If you want something bad enough you have to sacrifice something in order to get it. Welcome to the real world.
@marinacroy1338
@marinacroy1338 14 күн бұрын
I can't afford a house. Of this list i have : - 3 streaming services that I share with my 4 roomates (I pay $15/month) - occasional latte ($20/month) If I quit my Netflix, Spotify, and weekly latte, the $35 monthly it saved me DEFINTELY wouldn't be enough to buy me a house here on the west coast lmaooo Also, its so ingenuine of her to include "latte" alongside big ticket items like concerts or European vacations. Shows how out of touch she is and fills me with class rage fr fr.
@rachelk4805
@rachelk4805 14 күн бұрын
I make what is considered a pretty good income. I pay for zero streaming services. I never buy coffee. I don't go on expensive vacations. I keep my old car rather than buying a new one. I can't get a house because my student loans are crushing me, they will end up costing me over a hundred thousand dollars by the time I can pay them off, which is more than twice what I borrowed, because the interest is predatory
@justme-ti1rh
@justme-ti1rh 14 күн бұрын
​@rachelk4805 if you don't make enough to pay of your student loans in 2 years . The degree you got wasn't worth it .
@justme-ti1rh
@justme-ti1rh 14 күн бұрын
​@@rachelk4805 sounds like a woman ,who can't take personal responsibility. Shocked
@SaintSaint
@SaintSaint 14 күн бұрын
@@justme-ti1rh That's a bit too binary of thinking. Average cost of a degree is $153,080 USD. Average wage of a software engineer: $140K. Take home about $100K/yr. If you have NO dependents, you could possibly save $80K/yr and pay it off in 2-3 years(unexpected costs). You will have to room with others and eat poorly. However, a JUNIOR developer right out of college is unlikely to make $55K of take home(out of $80K/yr). Now you're looking at $30K of savings and 4-5 years to pay it off. I went through a local 2-year programming education with just $15K debt. However, because of this, I needed to supplement my resume with more 6 years of junior/internship work. I paid off my education instantly, but this isn't for most people. A 4/6/8/10 year degree can lead to a much higher salary cap. Even a 2 year gives you a good shot at a high wage if you prove your worth to your coworkers. So long as they are practical degrees.
@tf3655
@tf3655 14 күн бұрын
Plus some things were more expensive in the past. My grandfathers first PC was crasy expensive compared to what an average PC would cost today (in relation to his income)
@Elvieah_
@Elvieah_ 13 күн бұрын
As a child i do remember going on vacation every two months ( during school breaks), eating at least once a week out with my dad at the restaurant, going to cafes multiple times a week with my dad, buying clothes evey weekend with my mom and yet i was in a home considered low income in my country. Why is that? Because cost of life did go up and even though my mother gets paid about 5x more than what she was when i was a kid, i can't even afford those vacations, coffees and restaurants anymore or at least not every single week/month as i used to
@reinerjung1613
@reinerjung1613 10 күн бұрын
The fact is people cannot afford houses anymore and rich people media obscures that fact, blaming it on vacations and coffee, which really are only a thing for rich kids while the rest has nothing. Thankfully here in Europe, we have at least no student loans (that much) and no expensive healthcare, but for the same reasons house prices have been driven up by speculation (sometimes it is called concrete gold) where companies buy flats and sell them as a commodity not to actual home owners.
@fionafox420
@fionafox420 14 күн бұрын
This coming from the generation that had boats, a cigarette and alcohol habit, a vacation home or time share, had a “fun car”, went golfing any chance they could get, bragged to all their friends about their new jumbo TV and stereo system, and could do all that on one salary 🙄 But god forbid I have a $25/month gym membership, and go out to eat once a month, give me a break 😹
@sporkles7427
@sporkles7427 14 күн бұрын
Exactly!! I’m blessed with two grandparents who understand how bad our generation’s problems are. They were poor when they got married, but even they were still able to build their own house, raise four kids, own cars, pay for groceries, etc.
@dariusreidace6663
@dariusreidace6663 14 күн бұрын
This. It's so frustrating to hear Boomers talk about "Well we didn't have expensive phones, 9 streaming services, fancy computers, and this and that," like it was an accomplishment. Yeah. you didn't have those things because no one had cellphones, or computers, streaming didn't exist. It's not will-power or an accomplishment to not have someone that either didn't exist or wasn't widely available. Y'all just had other vices instead.
@fazole
@fazole 13 күн бұрын
Politicians created this mess, not the "boomers". And THEY are accelerating it. Not even PRETENDING to cut spending. It's all rooted in MASSIVE debt and money printing to keep the faltering economy going. Huge inflation.
@wayward03
@wayward03 13 күн бұрын
​@@dariusreidace6663Smoking is much more expensive than all of my Internet services especially if you look at what our money is worth now, which is the real issue. Previous generations allowed federal income tax and a federal reserve banking system that has destroyed the value of the dollar.
@kellyboyd4876
@kellyboyd4876 13 күн бұрын
“We didn’t have cell phones and streaming services when we were 30.” No but you had a home phone. And paid extra by the minute for long distance calls and you had cable and maybe even paid for multiple cable boxes and paid extra for any premium cable channels like HBO or Disney.
@l3xiomusic
@l3xiomusic 14 күн бұрын
What's crazy is that I don't have any of these, and I still can't save for down payment on a house
@underworldshinigami
@underworldshinigami 12 күн бұрын
Yeah cause it’s called gaslighting
@Jess-em4ri
@Jess-em4ri 12 күн бұрын
Seriously. I don't know ANYONE who's getting new nails/wardrobes regularly, premium cosmetics (or premium anything really), or going out every weekend. I don't even know anyone in my generation (I'm 25) with a salary over 50k. It's ridiculous how much the ultra rich are gaslighting us into thinking we have to do everything when we can barely afford Walmart brand groceries and a couple subscriptions.
@jlogan2228
@jlogan2228 12 күн бұрын
The people who say this shit see too many girls on Instagram or tik tok and assume that's the norm
@jefffraser4345
@jefffraser4345 12 күн бұрын
​@Jess-em4ri You all are lying, or you're kept in an underground bunker without ever being let out. Also, the only reason for someone to make less then 80k a year anywhere in this country is by choice. Let me guess all those people you know went to college, think they are the cream of the crop, demand cush officer management jobs, and refuse to do a real job like construction or truck driver. It's a choice when you can go be a truck driver and make 80-110k a year starting pay but you refuse because that work is 'beneath' you.
@DJLUMPAWAROO
@DJLUMPAWAROO 12 күн бұрын
​@@Jess-em4riI know tons of people in my generation (between 25 and 35) making well over 50k. What industry do you work in?
@schectermeister
@schectermeister 13 күн бұрын
I moved out of an apartment and in with family 4 years ago thinking the housing market would drop and I would be able to buy a house within a year or so... How wrong I was. 🤦🏼
@r.rodriguez4991
@r.rodriguez4991 11 күн бұрын
#1) Don't go into $60K debt for college. Why did you do that? That was dumb.
@restinwalken
@restinwalken 14 күн бұрын
Therapy is unnecessary I see, sounds about right from boomers.😂
@RockSolitude
@RockSolitude 14 күн бұрын
Yep. Boomers are like "I don't need therapy just gotta suck it up" and then pass on their trauma to their kids.
@jonathanpahnke7739
@jonathanpahnke7739 11 күн бұрын
Spent a good minute scrolling to find a comment like this. They actually put therapy as a waste of money. Like bruh. Definitely old views right there saying mental health isn’t an issue or important. Someone else said it right these are the the type of people who just use the old “ahhh suck it up” like your mental health just a massive big gulp and if you suck hard enough it will magically go away.
@maemayhem08
@maemayhem08 14 күн бұрын
It’s it’s almost as if we know we can’t afford it and instead would rather spend our money on stuff we can afford and enjoy our lives so we can get a little break from the hell skape we are dealing with.
@nmatthew7469
@nmatthew7469 11 күн бұрын
The biggest misconception is that the dollar in 2024 still has the same power of purchase as in 2019. Can you buy the same quantity and quality of ANYTHING in 2024 as you could in 2019?
@johannstark8040
@johannstark8040 14 күн бұрын
We, humble Gen Z, invented the concert. Before us no one else had ever deigned to perform music in public. We just hate saving money so much that we invented the concept of playing music outside. And that's why we can't own a home.
@NBAdux
@NBAdux 12 күн бұрын
We didn't event concerts.. they've just become a much more common and bigger thing.
@xxarianahiltonxx5116
@xxarianahiltonxx5116 12 күн бұрын
​@@NBAdux You don't understand sarcasm, do you?
@DeeECS
@DeeECS 12 күн бұрын
It's sad, this is how boomers, Gen X actually think. They just shit on all the other generations while propping themselves up. Egotistical POS.
@johnathanrich9285
@johnathanrich9285 12 күн бұрын
​@xxarianahiltonxx5116 Ever heard of the term waste of breathe?
@ML-tr1hz
@ML-tr1hz 12 күн бұрын
​@@NBAdux My dad must have been lying about all those huge, awesome concerts he went to in the 80s.
@austinv1182
@austinv1182 14 күн бұрын
And in those 10 years house prices would probably **DOUBLE**
@justme-ti1rh
@justme-ti1rh 14 күн бұрын
Supply and demand
@SpectacularSuperSoup
@SpectacularSuperSoup 14 күн бұрын
That's the thing, isn't it? How can you save up for a down payment when home prices grow faster than you can save up?
@stevef5956
@stevef5956 14 күн бұрын
@@SpectacularSuperSoupbut if you stop trying to save, you’re guaranteed to never own a home. That’s the only thing you have control of.
@Ghost-Toast819
@Ghost-Toast819 13 күн бұрын
All of those expenses are what daddy’s little girl is buying with his money after he already made it.😂
@timetowakeup6302
@timetowakeup6302 14 күн бұрын
“This country has social welfare for the rich, and rugged individualism for the poor” ~ MLK Jr At least 55 of the largest corporations in America paid no federal corporate income taxes in their most recent fiscal year despite enjoying substantial pretax profits in the United States. This continues a decades-long trend of corporate tax avoidance by the biggest U.S. corporations, and it appears to be the product of long-standing tax breaks preserved or expanded by the 2017 Tax Cuts and Jobs Act (TCJA) as well as the CARES Act tax breaks enacted in the spring of 2020.
@shatzngiggles8911
@shatzngiggles8911 14 күн бұрын
I'd like to chime in and thank you for not calling it socialism. Because god dammit socialism is not as simple as social welfare.
@RoBDeeZL42
@RoBDeeZL42 14 күн бұрын
What does the govt do with our taxes?
@shaec3405
@shaec3405 14 күн бұрын
So VOTE INDEPENDENT 💜🇺🇲 #KENNEDY #RFK 2024. **Go listen to the man's plans! **
@shatzngiggles8911
@shatzngiggles8911 13 күн бұрын
@@shaec3405 you gotta be braindead to vote for that loon lmao
@echomjp
@echomjp 13 күн бұрын
Frankly, I don't think that taxing corporations is necessarily the solution to this problem. Corporations are organizations after all made up of individuals, and taxing them amounts effectively to a double tax on those who profit from it, complicating things for no good reason. Instead? Simply tax the people who profit from these companies - the stock holders themselves. Increase capital gains taxes substantially (with exceptions for reasonable amounts of retirement savings in traditional retirement accounts so it doesn't hurt the middle class much), and you'll solve the problem at its root. If the rich are getting richer at the expense of the middle class and the majority of this country, as their investments rise in price and those without investments basically have to pay more to even live or get anywhere in life - then the only logical solution to the problem is to redistribute wealth in some way. You could raise minimum wages and such, but companies choose who works for them and this can only do so much - unions are a better option for rising wages than laws like that. The best solution is to simply increase taxes, while closing loopholes and making it impossible for people to get around those taxes.
@Ruffles2012
@Ruffles2012 14 күн бұрын
Why is therapy on the list???? If you think therapy is a luxury or waste of money, your probably the reason your kids need therapy!!
@rockytom5889
@rockytom5889 14 күн бұрын
I'm the kid, and imho, I agreed with my parents on that one. Like dude, I wanna get rid of the issue, not spread it by talking about it. Turns out physical labor was more effective and actually paid ME. Idk any man around me who has ever come out more functional from therapy, they usually come more broken or pissed, sometimes suicidal.
@boraciclemon4894
@boraciclemon4894 14 күн бұрын
​@@rockytom5889every person in general I've ever met(that had an even half decent therapist) came out better, not everyone can cope with issues the same way, nothing that provides an absolute net gain for everyone involved is a waste of money
@whiterthanU53
@whiterthanU53 14 күн бұрын
@@rockytom5889I would literally be dead without therapy. It pulled me out of multiple suicidal episodes just by having someone to talk to that won’t judge me. So it is necessary for some people to
@rockytom5889
@rockytom5889 14 күн бұрын
@@whiterthanU53 Huh. Well this is the first time I've heard someone NOT being even more suicidal after therapy.
@whiterthanU53
@whiterthanU53 14 күн бұрын
@@rockytom5889 I don’t know what kind of people you’re talking to bro lol therapy doesn’t make you suicidal.
@CptUSMC
@CptUSMC 13 күн бұрын
Decades earlier, middle class meant you could take 1 family vacation per year. Now, you can’t afford to take off when sick let alone a family vacation. Their greed is unending.
@seanromine3932
@seanromine3932 11 күн бұрын
I don't take vacations anywhere, haven't had take out or eaten anywhere since Christmas when we had some things from KFC at the family meal and no Starbucks ever. Basically none of that on the list. Still can't hardly save.
@bchambliss264
@bchambliss264 14 күн бұрын
Over 40 still can't buy a home, never had kids, couldn't afford them. So, millennials and Gen z are so screwed.
@justme-ti1rh
@justme-ti1rh 14 күн бұрын
You must of made bad choices in your life.
@loranmarmes
@loranmarmes 14 күн бұрын
I think you are leaving out a few details.
@simonfreeman8233
@simonfreeman8233 14 күн бұрын
what these complainers don't realise is that the vast majority of older millennials and genX and boomers were never in the salary range to afford a home either the problem with the privaliged elitests like Freddie is they that they try to convince you that they aren't the problem and try to pass the blame on to those who had absolutly nothing to do with it
@somelolplayer6199
@somelolplayer6199 14 күн бұрын
Ignorant boomer comments. Or alternatively inheritoors.
@stevef5956
@stevef5956 14 күн бұрын
nope, speak for yourself. I’m 40 and bought in a HCOL area in 2012. Had to save every dime for a couple of years but I knew home prices were only getting more expensive. What have you been doing for the past 20 years?
@royschmidt8526
@royschmidt8526 14 күн бұрын
I was born in 1945. My father had an 8th grade education and worked 3 jobs a day for a number of years. My mother was a stay at home mother for their 5 children until the last went off to school. In my youth my father's two week vacation was normally spent working as a trucker on harvest crews to earn extra money for the family. I had polio at 5 years of age. My family struggled and my mother never had a manicure until she was in her 90s and in a care home. Today I and my brothers all have college educations and own our homes. When I was young I was pessimistic about my ability to rise to be as wealthy as those I saw around me. But, I found a way. The world is different today. But, I am confident that the young will find a way to make their best life. It just will not be the path that the Boomer generation used. Learn how to do things. It may be through trade school, junior college, or on the job training provided by your employer. There are many ways to pick up skills at a low cost. How you apply those skills is up to you.
@ky11622
@ky11622 11 күн бұрын
Couldn’t even afford a house before interest rates went up. Interest rates going up just made it 1000 times worse for people.
@Cantfindahable
@Cantfindahable 11 күн бұрын
Dude it been getting worse for every generation, I stopped drinking, didnt have a cell phone, cable, streaming service,$6 Starbucks etc etc , this all adds up to coin! It’s true it’s bad now but at some point you have to take personal responsibility, star bucks and a six pack a day was my land payment and I started working at 15 as an apprentice plumber, so I don’t have a worthless degree
@mod_myst
@mod_myst 14 күн бұрын
God forbid I want to have fun and live my life once in a while isntead of save for a house I wont be able to afford in 50 years anyway. These privileged people are so ignorant. Its always kids born into rich families or boomers who bought a house for a nickel in 1824.
@maxpain7197
@maxpain7197 14 күн бұрын
Ya, it is everyone else's fault you can't get a house and can't manage money.
@boraciclemon4894
@boraciclemon4894 14 күн бұрын
​@@maxpain7197the point went straight over your head, both the comment and the video
@whiterthanU53
@whiterthanU53 14 күн бұрын
@@boraciclemon4894he’s the boomer saying all this shit
@Brave_New_Tube
@Brave_New_Tube 14 күн бұрын
Game is rigged, never getting any better, actively getting worse, all by design. If you make ~30k a year, you’re in the top 1% of earners globally. The fact that you have to make at least 10-20k more than that to even begin thinking about starting a family/owning a home and land/etc is absolutely fucking ridiculous.
@stevef5956
@stevef5956 14 күн бұрын
since when does comparing incomes vs third world countries make sense?
@andrewevans7992
@andrewevans7992 13 күн бұрын
@@stevef5956it still means poverty.. even at 50-100k depending on location
@Brave_New_Tube
@Brave_New_Tube 13 күн бұрын
@@stevef5956 To make the point that you have to be in the *top 1% of earners or higher on the literal entire planet* to even begin thinking about taking part in the “American dream” of owning a house/property, supporting a family, etc, and then you’re STILL gonna get taxed into oblivion for the money you make and everything you own.
@sgiuliana8
@sgiuliana8 13 күн бұрын
All I hear from gen x and boomers are the extravagant vacations, parties, boats, cars, etc that they’ve bought but want to tell our generation we are irresponsible when they are the ones who have influenced us to want to even buy that stuff.
@fledgling9097
@fledgling9097 13 күн бұрын
Blackrock keeps buying up starter homes.
@CreativityNull
@CreativityNull 14 күн бұрын
I'm an American millenial. I have gone on ONE single vacation in the last 6 years. It was a cruise to Mexico in 2018 that I DIDN'T EVEN PAY FOR. My parents paid for it entirely even though I had a full time job (I couldn't afford it otherwise, and still can't). I have to get financial assistance from them every now and then. I have no savings because I'm losing money every month and I'm technically ineligible in my state for assistance because I make too much (about 47k a year gross). Thank god my parents are relatively well off and can help me out when I desperately need it. Most people don't have this option. I have 2 TVs I never paid for because they were made in 2010 and given to me. I have a newer one i got from dumpster diving I'm working on repairing. My rent and car insurance has gone up 50% over the last 6 years and the quality of the apartment (repairs and such) has gotten worse. There is no reasonable public transportation here. Groceries have doubled, and I was unfortunate enough to have my car totaled in an accident (not at fault, got rear ended by a guy going 90MPH and spun out into a barrier) in early 2022 when car prices had skyrocketed. Now my car payment is nearly double the previous one despite being an older vehicle (thankfully the interest rate is low I guess.) Therapy shouldn't be on this list because 1. Generations ago it was either not available or had a huge stigma applied to it (it still does for men) 2. I need it now just to deal with all this crap without LOSING IT!
@r-e_mii
@r-e_mii 13 күн бұрын
I hope you at least sued the ever loving stuff out of that driver. We have a car issue now & are being helped by family. No one just has a few grand laying around besides those much older unless they've done well for themselves
@CreativityNull
@CreativityNull 13 күн бұрын
@@r-e_mii he was insured thankfully, so I got paid back for the value of that car, plus some amount for medical and pain and suffering (I had a sprained wrist. I'm very lucky it wasn't a lot worse.) It was just a REALLY bad time to go shopping for a new car because the prices were so inflated. (New to me, it was still a used car) I have to be able to drive to work, and what little public transportation exists around here doesn't go anywhere near my work place.
@DarkMustard1337
@DarkMustard1337 14 күн бұрын
Older people had leisure items and activities too
@maxpain7197
@maxpain7197 14 күн бұрын
Ya, but most of them weren't stupid with their money. Look around you
@ff-zo2nk
@ff-zo2nk 14 күн бұрын
@@maxpain7197 You have failed to comprehend this video. Clearly.
@brianc3481
@brianc3481 13 күн бұрын
​@@maxpain7197they also probably didn't borrow money to do it
@jmgirard7
@jmgirard7 14 күн бұрын
I'm 45 and just became an empty-nester. Got all excited that I can finally start saving again. Then my dad passed, and my 74yo mom was diagnosed with dementia. She barely survives on SS, so, being the one who manages her money, I cover any shortages. Buying a home? Ha! That's just a pipe dream, as is any inheritance.
@zzanatos2001
@zzanatos2001 12 күн бұрын
I'm Gen X. When my wife and I got married and first started out, she was working a fast food job for minimum wage and I was an E-2 in the Air Force. We both worked full time and qualified for food stamps. It took more than 8 years for us to begin making enough money to even think about buying a house. Our first house was a total crapfest. Two bedrooms, one bathroom. Galley style kitchen. No garage. No laundry room - and it needed a TON of work (carpets, new furnace, paint inside and out, gutters, etc., etc.). We lived there for 7 years and fixed up the place, but when we sold the house we barely broke even. Renting would have been a better choice.
@lukemehalick370
@lukemehalick370 14 күн бұрын
Yah, I'm guilty. Definitely got into the habit of having dinner at least once a week. Sometimes, I splurge and eat twice a week. 🙂
@RobertSmith-ik4vd
@RobertSmith-ik4vd 14 күн бұрын
The biggest problem that no one talks about is if i spend 10 years saving for the down payment and the housing market doubles, then i still dont have enough to buy a house. This has actually happened to a lot of people i know. Everything just keeps doubling at an unachievable rate for most people.
@3beltwesty
@3beltwesty 13 күн бұрын
Yeah but most on this video vote for big government and stuff so the national grows and so does inflation. Bidenomics at work. Groceries cost 60 to 120 percent more due to bidens inflation..
@UrbanArmada
@UrbanArmada 12 күн бұрын
@RobertSmith-ik4vd yup, and realistically, you need either multiple jobs or be some kind of investing genius to come up with that kind of cash before the rates skyrocket again.
@Demii3x
@Demii3x 13 күн бұрын
The fact they tried to throw in entertainment and food like damn we still should be able enjoy life like that’s the minimum on that list
@TheEnclave419
@TheEnclave419 12 күн бұрын
No you shouldn't ...Welcome to corporate America, the policy that defines you as company property. The corporate conglomerate's got you in lock and key. We put the "dollar" back into "idolatry" If you're upset, you can rent an apology. Were you expecting adventure? Were you hoping for fun? you're indentured And pleasure's exempt from your tenure So venture back down to your slum That's provided at generous prices Your worth is determined by your sacrifices. You may waste your days but at least you were able. To pay off your grave since we leased you your cradle. Be faithful and pray, we'll repay what you invest.Behave as you slave for humanity's interest. "No I in team but there's con in economy"
@hubert62152
@hubert62152 12 күн бұрын
the only thing i have is the streaming subscription. didin't get on vacation for 8 years. same shoes for 3 years, no therapy, its too expensiv, no concert, no membership, no new clothes. and i make more than the minimum wage. We're fcked.
@TC1Z2L3
@TC1Z2L3 14 күн бұрын
I'd rather buy an expensive car, trip, or outfit that I can afford, than a house I can't. If I were to buy a house similar to the one I rent, I'd have to use all my savings and it would nearly double my monthly housing costs. No thanks, I'll just buy cars and leave that couple hundred grand invested.
@stevef5956
@stevef5956 14 күн бұрын
You can afford a home, you just don’t want it and there’s nothing wrong with that. But dont expect home prices to drop anytime soon, especially after the fed starts cutting interest rates I’m lucky to have tons of appreciation in my home and portfolio
@perfectlysmart91
@perfectlysmart91 14 күн бұрын
The last high priced exotic vacation I took was a trip to the grocery store 😂
@miguelsaucedo8789
@miguelsaucedo8789 12 күн бұрын
Not even. They went from 130k to 420k
@k.stacey7389
@k.stacey7389 12 күн бұрын
In the past 5 years I don’t think a single house in my neighborhood has been bought by anybody over the age of 40. Amazing how many are doing what is “not possible”.
@johndelgado9741
@johndelgado9741 14 күн бұрын
I own a home and will probably lose it because of continuous increase in taxes, insurance and regular expenses. No frills, no extra spending, eggs and spaghetti are about the only meals I eat and yet savings is declining and credit cards are getting used up just for gas back and forth to work. This isn't sustainable for anyone making less than 200k
@rowdyraccoon
@rowdyraccoon 14 күн бұрын
I'm 32 and the last time my family went on a vacation was 20 years ago and it was the first vacation we ever had. We can't afford groceries this week. Who has money for all this extra shit?
@thedude5040
@thedude5040 12 күн бұрын
I'm 32 and can make two mortgage payments per month. The cost of food is an after thought. We are going to the Smokey Mountains and Nashville in October for vacation. I paid off our new car loans this year, 2022 rav4 and a 2020 vw passat. I'm not a doctor or lawyer and spent 7 years getting a bachalors degree. Student loans were paid off a couple of years ago.
@jacobjohns9187
@jacobjohns9187 12 күн бұрын
​@thedude5040 wow, so do you have a point or did you just want to brag?
@thedude5040
@thedude5040 12 күн бұрын
@jacobjohns9187 yes I do have a point but the censors keep deleting it.
@tylerreis7627
@tylerreis7627 12 күн бұрын
@@thedude5040cool. What do you do, what do you make, what does your spouse make, when did you buy your home, and what absolute shit hole area do you live in?
@thedude5040
@thedude5040 12 күн бұрын
@@tylerreis7627 I'm a consultant electrical design engineer for large utility companies around the US. I built my home in 2021 for $330k in Wichita Kansas. Our household income is $200k
@deneene
@deneene 12 күн бұрын
Hi, Millennial over here. I have never had a latte or been to a concert that I had to pay for, in my whole damn life. But I do own my own home. I just have to pay the bank off, over the next 25 years, and my taxes forever.
@ekmmeger
@ekmmeger 13 күн бұрын
When I bought a house, I had to give these things up… because giving them up actually DID something for me. It was 6 months of giving this up. That’s it. 6 months of limited spending. Ask any millennial if they’d give all of this up for 6 months, and they’d JUMP on the chance. It just literally doesn’t help anymore. These small bits of happiness are so important.
@skyeblue5134
@skyeblue5134 14 күн бұрын
I’m Gen Z..I demand that entire list then since I can’t afford a house 😭
@DeenanTheKemon1
@DeenanTheKemon1 14 күн бұрын
Tired of rich boomers telling me my 4 yr old daughter is so adorable and precious and then RUNNING to the voting polls to vote DIRECTLY AGAINST her having ANY kind of a hopeful future in this Country.
@rachelk4805
@rachelk4805 14 күн бұрын
Me too! They are robbing our kids of their future.
@ck9162
@ck9162 8 күн бұрын
I'm 44 and still have zero chance of ever owning a home in this garbage can of a country.
@angrysaltycroutan3262
@angrysaltycroutan3262 11 күн бұрын
As a millennial, I have never taken a vacation since moving out on my own. Missing more than a day of work due to illness could mean not having enough for rent, utilities and groceries.
@VictheGeneral
@VictheGeneral 14 күн бұрын
I just turned 30, I thankfully don't have student loans but I also don't have a degree even though I did a couple semesters. I make 12 an hour from a work from home job I got which is also part time typically 20 hours max a week. I live with my parents and I know that without significant changes in America I'll either be in this house till I die or it's taken because no one can afford it. I don't even have hopes of renting anytime soon because even though I live in a cheap area apartments are like $800. I just spent most of my money on a new gaming pc and monitor because that's the only life I can currently have that'll bring me some joy.
@gsst6389
@gsst6389 14 күн бұрын
Honestly the meta for a “middle class” life at this point lmao
@amy010276
@amy010276 14 күн бұрын
Since when are people going on vacation? That's a rich people saying
@justme-ti1rh
@justme-ti1rh 14 күн бұрын
My daughter and her husband just came back for a cruise to Alaska and was up in Alaska for about 3 week before the cruise back. All on 40 grand a year .
@WhiteVipor
@WhiteVipor 14 күн бұрын
@@justme-ti1rhyour daughter must love her inlaws
@somelolplayer6199
@somelolplayer6199 14 күн бұрын
@@justme-ti1rhI hope your daughter married someone rich. Otherwise she is doomed.
@imperialspy7204
@imperialspy7204 13 күн бұрын
And the crazy part is that conpanies are the ones buying all of them
@davidbeattie4294
@davidbeattie4294 11 күн бұрын
Baby boomer here. This is the truth. I lived modestly but was able to buy a home, raise a family and pay off the mortgage on a lower middle class income. My kids need me to die and inherit whatever the taxman leaves them before they can think of buying.
@OddSauce
@OddSauce 14 күн бұрын
All of the people having "European vacations" I've seen all these years are 60+ years old.... Just saying...
@kevinadams9468
@kevinadams9468 14 күн бұрын
Yes, they actually held down jobs, saved and panned for the future.
@andrewevans7992
@andrewevans7992 13 күн бұрын
@@kevinadams9468ya sure they did, alot easier to hold a freaking job when you got perks and benefits n pay actually matched the prices of everything.. but yeah we so lazy.. yall fucking had everything
@TheEnclave419
@TheEnclave419 12 күн бұрын
@@andrewevans7992 Cope and cry about it. hahaha
@AnastasiaPlantlegs
@AnastasiaPlantlegs 14 күн бұрын
Gen Z here who never goes on big vacations, doesn't spend on beverages, doesn't get their hair/nails done professionally more than once or twice a year. I live with my parents and can't afford to move out. Mind you, I'm at the beginning of my career, but I HAVE A CAREER. But at the end of the day they're right. I should definitely stop spending my money on the lattes that I don't buy + I'll make sure to cut out my $90 a year on haircuts next, then surely I'll be able to afford a half a million dollar home!
@TheEnclave419
@TheEnclave419 12 күн бұрын
YES ! Welcome to corporate America, the policy that defines you as company property. The corporate conglomerate's got you in lock and key. We put the "dollar" back into "idolatry" If you're upset, you can rent an apology. Were you expecting adventure? Were you hoping for fun? you're indentured And pleasure's exempt from your tenure So venture back down to your slum That's provided at generous prices Your worth is determined by your sacrifices. You may waste your days but at least you were able. To pay off your grave since we leased you your cradle. Be faithful and pray, we'll repay what you invest.Behave as you slave for humanity's interest. "No I in team but there's con in economy"
@Bunny-sw8zt
@Bunny-sw8zt 11 күн бұрын
“If you knew before you even sat down to play the game that you would lose, would you still want to play?” I hope that each of you finds something every day that makes you feel like a winner, even if the game is rigged. The next time your dog looks at you, or your child holds your hand, or your SO looks in your eyes, I hope you feel like the biggest winner on the planet. Don’t give up ♥️
@Bunny-sw8zt
@Bunny-sw8zt 11 күн бұрын
Because ladies and gentleman, the most important things in life have no market value and can’t be bought. Its love. ❤️
@johncrow6669
@johncrow6669 12 күн бұрын
They should come democrat congressman that way they can get all the money they want
@thejaredjason
@thejaredjason 14 күн бұрын
Are we just supposed to sacrifice EVERYTHING in the present and enjoy NOTHING for decades just to own a home when we are retiring age?? The older generation needs to care about their kids enough to humble their perspective of what’s going on and help us out. All parents should be allowing their kids to stay with them to save and the responsibility falls on parents to also live in a way that they actually have something to pass down to their kids.
@rachelk4805
@rachelk4805 14 күн бұрын
Yeah, just work multiple jobs, eat ramen every night by candlelight, walk everywhere and stop complaining, you lazy kid.
@TheEnclave419
@TheEnclave419 12 күн бұрын
Tell us all you have entitlement issues without saying you have entitlement issues... your a leech just waiting to get handed down what you haven't earned.
@TheEnclave419
@TheEnclave419 12 күн бұрын
BUT YES you are suppose to sacrifice not just sit on your butt and cry and whine cause you don't have a silver spoon. Welcome to corporate America, the policy that defines you as company property. The corporate conglomerate's got you in lock and key. We put the "dollar" back into "idolatry" If you're upset, you can rent an apology. Were you expecting adventure? Were you hoping for fun? you're indentured And pleasure's exempt from your tenure So venture back down to your slum That's provided at generous prices Your worth is determined by your sacrifices. You may waste your days but at least you were able. To pay off your grave since we leased you your cradle. Be faithful and pray, we'll repay what you invest.Behave as you slave for humanity's interest. "No I in team but there's con in economy"
@tim6454
@tim6454 14 күн бұрын
My last vacation was spent at home making up for all the lost sleep throughout the year
@onlinegametime
@onlinegametime 13 күн бұрын
If your an introvert you can cut out a big chunk of stuff on that list. Probably only keep streaming services, drinks, then change to buying hobby stuff that adds up. But a majority of them will save up a lot of money and could afford a house, if they want but don't. All they need is a comfortable home to live in, either their family member, or their own townhouse or condo. Also why would anyone want to but a luxury home for 420k? When there's a lot of places worth under 200k.
@eddie788
@eddie788 13 күн бұрын
They openly said you'll own nothing and be happy
@TheBitingBat
@TheBitingBat 14 күн бұрын
Bro they actually straight up blamed getting therapy for not being able to afford to live 😭 you cannot make this sh up
@Andy-xx3tt
@Andy-xx3tt 12 күн бұрын
I peeped that too. Like god forbid you get help when you’re struggling instead of just popping pills, drinking, and beating their spouses like they used to.
@DG19835
@DG19835 14 күн бұрын
Having a tiny luxury will not buy me a home. Even at a "Starbucks coffee a 5 x a week" that would be 1,560 at 6 bucks a pop. That is not buying me a house.
@stoneman623
@stoneman623 12 күн бұрын
It’s not making it any easier either. It’s 1560 closer to that goal you just got to decide if that goal is that important or is the drink more important.
@Swampster70
@Swampster70 11 күн бұрын
It's not just the one bad purchase but many. Sometimes you just have to sit down and stare at the bank statement to spot them. That coffee X 20 per month, the couple of subscriptions for streaming that you may have that you only watch one show on each, the 'comfort food' that you really don't need and probably be better without. I like to go out for lunch now when I'm at work because now I can afford too. Not too long ago this wasn't an option. Lunch for the week was a loaf of bread, big container of "pseudo gourmet lunch meat" from Costco, a couple of onions, tomatoes and lettuce. The "fancy sauce" on it was a mix of whatever was in the fridge - ranch, a bit of not-tabasco hot sauce and a little vinegar and dash of lemon. Mondays sandwiches were always so much better than Fridays. Resolve was needed... It was $25 for the week and not $10 a day, or even $18 a day for the Thai place I really like... I went through this exercise years ago when saving for a downpayment and desperately trying to pay off loans before getting a mortgage. Just lots of dumb needless rubbish but you have to get the last 4 to 6 months of bank statement together and stick them in something like Quickbooks or similar and go through each expense one by one and classify them. I went through this again a few years ago when I was starting to think my retirement may not be all that I want it to be. The wife was a bit dismayed at "Luxury Apocalypse Pt 2" but understood. We're seeing our kids struggling but not "fish out of water" struggling and I didn't want to have to burden them in 15 to 20 years when I retire to have to pitch in an help look after their old folks. That said, I also didn't go on a vacation for almost two decades. Vacation time was time relaxing, playing with the dogs, some day trips to a local beach and sleeping. Given that I live in NorCal and not a million miles from Napa, SF and the pacific, Yosemite and Tahoe I really don't have a "need" to go far. You could almost say that the cost of a vacation is morphed into my house payment.
@kelly___3385
@kelly___3385 14 күн бұрын
For a "cheap" house in new Zealand, a down payment is over $100k. My husband works two jobs, I work one and am also studying, yet we still do not qualify for a mortgage......why? Because we have only managed to save $70k. Boomers in NZ when they bought their first house could get 100% mortgage from the banks, meaning the bank owned the house they slowly paid it off. They have no clue how hard it is to save. Our rent is 60% of our weekly income. Yet they are sitting on their high horse selling the house that cost them 100k for over 1million. It's not fair.
@notoriousLSGshow
@notoriousLSGshow 13 күн бұрын
Tbf y'all would sell for a profit too, but keep saying "it's not fair" 😂
@Kyra-qn3nh
@Kyra-qn3nh 12 күн бұрын
My uncle, a boomer, takes two European vacations a year, gets his wife’s nails done every two weeks, has a big home, travels around the country when he's bored, has 3 cars, and is one of those people who claims younger generations don't want to work. How did he get all his money? He worked hard... by having rich parents.
@unwantedaccount4404
@unwantedaccount4404 11 күн бұрын
Ah yes, the classic "Blame everyone except the ones running the government." Ooohhhh boy, My favorite!
@DrMFoster7
@DrMFoster7 14 күн бұрын
I have 1 out of those 11 things. Where's my house?
@maxpain7197
@maxpain7197 14 күн бұрын
Give me, give me, give me. That's why you will never succeed
@boraciclemon4894
@boraciclemon4894 14 күн бұрын
​@@maxpain7197the point went straight over your head
@WhiteVipor
@WhiteVipor 14 күн бұрын
@@maxpain7197just curious how you think we are supposed to succeed
@ericpowell4350
@ericpowell4350 14 күн бұрын
Real estate in the US is unsustainable. A decent home, even in rural Mississippi, is $400,000. 🤕
@1972Ray
@1972Ray 12 күн бұрын
And in Ohio that home is 165k.
@JohnBluemon
@JohnBluemon 10 күн бұрын
The price for a home is almost entirely from greedy people who own a business of renting. Renting should just not be a thing. It's paying someone else to stay alive. It's horrific and only the people born into wealth can avoid it.
@commonsense5555
@commonsense5555 13 күн бұрын
Step1: don’t go deeply in debt for a useless degree that only yields 58K in income. Step 2: don’t overspend and build up a higher down payment especially when interest rates are high. I’m gen Z I’m following my own logic and that’s why I have money despite growing up poor. Your decisions will influence your outcome so taking accountability for your own decisions and realizing that you’re in control of your destiny will work wonders in giving you the drive to be successful.
@PetalsNPrayer
@PetalsNPrayer 14 күн бұрын
My husband makes 45k a year. Im a sahm of 2 kids. We don't even have a TV or subscriptions. I don't have my nails done nor do i wear makeup. We live in a small 2 bedroom apartment with 695 for rent in the middle of nowhere. We have no car payment, no debt. We are the bare minimum of everything. Yet, we still cannot get ahead due to groceries, gas, medical insurance, etc. Its insane. In 2019 when i met my husband, gas was $1.80 here in TN and bread was 98c from walmart. Now its doubled. Blame biden and his administration alongside the wars we shouldn't even be in. They care about their generation and leave us to pick up the pieces while chastising us.
@frankieparton5122
@frankieparton5122 14 күн бұрын
Amen to that
@rachelk4805
@rachelk4805 14 күн бұрын
"Blame Biden" is a crazy take. I blame the people making the prices. The gas tycoon who is raking in profits, the monopoly corporations that can charge you ridiculous prices on food because they don't have any competition. You vote against your own interest because you are not critically thinking about who profits from your misery.
@gsst6389
@gsst6389 14 күн бұрын
So your poor now and will be even poorer in 10 years, you just fuck up for life whoomp whoomp.
@johnerickson4064
@johnerickson4064 14 күн бұрын
This comment should have more likes 👍
@WendyandBradPitt
@WendyandBradPitt 14 күн бұрын
You do realize that any economic changes a President makes don't affect you right away? Whatever is going on currently is usually the result of the previous President.
@suburiboy
@suburiboy 14 күн бұрын
Feels like a “let them eat cake” kind of thing. Most of us don’t have European vacations, trendy outfits, nice dinners. If I cut out soda, Netflix, and my weekly trip to Taco Bell… maybe after 40 years of saving I will be able to make a down payment on an “average” house.
@Doug_Dimm_a_dome
@Doug_Dimm_a_dome 13 күн бұрын
Millennial here, I'm under no illusions that if I hadn't met my wife that there's not a chance I'd have been able to afford to buy a home, unless i won the lottery or robbed a bank.
@nathanbates9561
@nathanbates9561 13 күн бұрын
Millenial here: I made 65k per year when I qualified for and bought my house. The secret: I saw the interest rates in 2020 following the pandemic and jumped on it. I have a 2.75% interest rate, and I bought a house for 360k with a minimum down payment, which was around 10k. I took advantage of the opportunity, but I do feel for anybody trying to buy a house right now. The housing market right now is a dumpster fire.
@user-kl9kg2uq9m
@user-kl9kg2uq9m 14 күн бұрын
I live in canda, talked to a old gentleman id say was 80 years plus, he bought his home for 60 grand, he told me its worth 1.2 million.
@22lostservice
@22lostservice 14 күн бұрын
There is also the point that anyone uner 45 knows we wont be able to retire so why wait to have fun. Why save money for a home we probably will never be able to afford.
@1972Ray
@1972Ray 12 күн бұрын
Thats not true for everyone under 45.
@mindlevert5322
@mindlevert5322 13 күн бұрын
My grandpa worked. For many years my grandma did not. 2 cars, 4 kids, 2 grandkids, a camp, a house and vacations. On his salary. He worked in the bush. That's 60's-80's. He retired with defined benefit pension. 2 kids, 1 car, 2 full time working parents. No vacations, very basic living, paycheck to paycheck. We got lucky and bought a house with a cash back mortgage in 2012. House was 150k. Hubby is 48 and it's his first job with a defined benefit pension. They're rare now and not many employers opt for this as opposed to the now popular defined contribution pension.
@chelscara
@chelscara 11 күн бұрын
"Oh you dared to enjoy your existence? HEATHEN! GLUTTON! RAISE THE PRICES HIGHER" is all that bs sounds like to me. How dare we want a home and happiness, only one.
@justingmartin27
@justingmartin27 14 күн бұрын
Half the Gen z guys I know absolutely refuse to spend money. Even on stuff they actually need. They live like absolute hermits
@dclomg5
@dclomg5 14 күн бұрын
Every generation had plenty of those things. Ridiculous. Music is brand new. Fashion is new. Plus, the people who are doing all of those things already have houses. It's disgusting how much the older generations hate us and don't want us to succeed. That's the problem. It's the first time in the history of the United States that parents, on average, DON'T want their kids to do better than them. Once we get older, we can't make the same mistakes.
@somelolplayer6199
@somelolplayer6199 14 күн бұрын
Most are oblivious/ignorant of how bad things have gotten, they only have their personal experience in the 60s/70s/80s to inform their beliefs. They remember when it was possible, albeit hard, for someone to afford a home on minimum wage and can’t understand how people making several times more than minimum wage could struggle so much. They also bought their homes decades ago, either they are fully paid off or they’ve at least locked in prices & interest rates from back then, so they’ve been largely shielded from the recent massive COVID cost of living increases (outside of groceries & children). In short, boomers came from a different time and are ignorant/oblivious to the current state of the world. Sucks, but it’s the truth.
@DeathMelodies
@DeathMelodies 12 күн бұрын
I'm a millennial. It's been almost a decade since I went on vacation. It was to see a friend, and I spent just under 900 dollars in total. Flight, gas, eats, shopping. I haven't been since. I've never been to any concert.
@sheilaspanbauer4441
@sheilaspanbauer4441 9 күн бұрын
As a millennial, who is close to 40 years old, I haven't had a vacation, attended any concerts, no spas or any special treatmente whatsoever. Have a college degree with student loans that I will probably never be able to finish paying and couldn't ever afford a house. A latte? I haven't had a latte since I was a teenager living under my parents house.
@Splitchipsonblack1011
@Splitchipsonblack1011 14 күн бұрын
Gen X here and I agree!
@justme-ti1rh
@justme-ti1rh 14 күн бұрын
I disagree
@robithmcbobith8915
@robithmcbobith8915 14 күн бұрын
@@justme-ti1rhtough shit bud
Gen Z has it worse than millennials
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