As a Young Gen Yer myself, it never ceases to amaze me at how people love to talk about how I live my life.
Seriously, it’s rough out there. Sure a lot of us are spoiled brats but look at who raised them. A lot of them are Ex-Hippie loser Boomers who never grew up and parented properly.
We’re trying to make it by, a lot of us want to have families and not live in a debt ridden lifestyle, which means putting off houses and cars.
Not only that, but it’s really demoralizing to hear Boomers and Gen Xers talk about how rotten it is and say things like, “Man I don’t envy you guys, the country’s going to collapse. You missed out.”
If people gave us half a chance, I think we could rise up to the occasion.
“Man I don’t envy you guys, the country’s going to collapse. You missed out.”
I remember 20 years ago thinking about how lucky a friend of mine was who was retiring. I wondered if that would ever be possible for me. I suppose it is natural to look ahead into the unkown and be a little scared. All I can say is that I have made it to 57, and barring a health crisis I will probably be able to retire comfortably.
“We’re trying to make it by, a lot of us want to have families and not live in a debt ridden lifestyle, which means putting off houses and cars.”
Putting off buying those houses may well have been a great move. Your generation now has an unprecedented opportunity with the low fixed interest rate and the depressed housing. I wish we had 3.5% mortgages 30 years ago. Do some leg work and find a distressed property that will appeal to you in the long haul (preferably, IMHO, on a few acres). Buy it with a fixed rate mortgage and don’t worry about paying it off early. In the early 80’s the banks were offering people who had 5% mortgages from the 60’s big discounts to pay them off. Inflation is coming, probably sooner than later. You will not regret making this move.
You shouldn't give a damn about your fellow "Y's". Lot's of them truly suck. Be glad they're your competition, it clears the way for those of you who have your heads on straight.
Ah... the good old "it's all someone else's fault" line. Nobody needs to "give you half a chance" because you have been given a lot already... easy school loans (use it to learn something that's actually USEFUL in the real world), all sorts of public assistance ranging from easy SBA loans to food/housing assistance, laws protecting the rights of gays and other "groups" in the workplace, easy credit, and so on.
Perhaps we've made things TOO easy for kids these days.. and that's the root of the problem.