Will Generation 'Gimme' Work for the American Dream? Eye-opening insight into America's youth

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[LeopoldvonRanke]

I recently moved to one so that I would have employment. I love where I work, but it means sacrifices on the pay in order to get actual relevant career experience.

I’m a teacher, but since I’m only parttime, someone working full time at McDonalds would take home more than I do.

But yeah, I’m a member of the ‘gimme generation’. ;)

[caver]

Good luck to you! Since you are part time, maybe you could find another job. I’m an aging boomer and I don’t see any way I can ever retire. Funny, I’m starting to see these articles about working till you drop. That’s probably me.

[LeopoldvonRanke]

Thanks. I’m still in the ‘dues paying’ phase. I’m hopefully starting a second job in March, but yes, it does really get you down.

The only positive is that I know what I like doing and I know now that I am good at it. It just really bothers me because most folks who are not my age just don’t seem to get what it is like right now. It’s not like it was when they were growing up.

And that’s not even getting to the other stuff - like buying a house etc.

I’m looking at the real estate charts right now. Going back to 1950 - housing prices are now about 175k. Assuming that kids today have the same as they would have in 1950, the price would be about 140k.

If you assume a 25 percent drop in the standard of living - (which is what I’m seeing across the board), housing prices should be about 105k or so. That means that the price of the average house, unless things turn around for us younguns is going to drop to 100k, or thereabouts.

It was close to 300k at the height of the boom, btw.