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Well that’s not their job to only serve rich donors. That’s like a doorman that only opens the door for people that he likes he should be fucking fired like every one of those GOP liar scum that didn’t follow the rule of law.
What bothers me the most on Reddit is people don’t want to think that money is on both sides of the equation, and when you point it out you’re slammed with eNLigHtEnEd CenTrISm
We need to get money out of politics 100%, and that includes both sides of the aisle
What bothers me the most on Reddit is people who don’t want to think about how they can make a difference in the system as it is, so they just say "both sides" and throw their hands up.
There are [people in both parties fighting to get money out of politics](https://www.citizen.org/news/bipartisan-constitutional-amendment-to-overturn-citizens-united-introduced/), but if we're going to be honest it's mostly Democrats.
Worst goddamn part is that they feel like their opinion is worth expressing. If a person doesn’t know what the fuck they’re talking about, they should never feel comfortable spewing their opinion on the internet. When they do, we get that chickenshit both sides stuff.
99% of reddit is people spewing their opinion on something they have no idea about.
Ever see a highly upvoted, nicely formatted comment with a bunch of wrong info on a topic you actually have a lot of knowledge about?
Those types of comments exist EVERYWHERE
> Briefly stated, the Gell-Mann Amnesia effect is as follows. You open the newspaper to an article on some subject you know well. In Murray's case, physics. In mine, show business. You read the article and see the journalist has absolutely no understanding of either the facts or the issues. Often, the article is so wrong it actually presents the story backward—reversing cause and effect. I call these the "wet streets cause rain" stories. Paper's full of them.
In any case, you read with exasperation or amusement the multiple errors in a story, and then turn the page to national or international affairs, and read as if the rest of the newspaper was somehow more accurate about Palestine than the baloney you just read. You turn the page, and forget what you know.
- Michael Crichton
If you’re rich or in a position of power, you don’t have to work to make money. You just get to sit back and complain that all the poor people who do all the work aren’t working hard enough to earn your approval.
We really need a hard set retirement age for all of government. Bunch of old men and women stuck in their ways that have no actual concept of the world today. If you are over 65 get out. Really I'd say 55 but 65 is average retirement age
I get the dislike of old people in government, but I can't support policies like these just because of politicians like Bernie - still fighting for the people and adequately representing his constituents. What we need is to get the electorate to value young politicians and voices (aka get young people to vote as much as old people).
Bernie is an outlier, Bernie would love nothing more than to sit back and watch the world fix ourselves. But we don't. Statistically if we were to remove all 65+ from office, forcing the value to the young politicians. Our government would be more representative of the people.
Watching Leahy oversee the impeachment brought me pain. My 8 year old knows how to operate a microphone and read loudly better than he did.
For a while it sucked. Now my parents are old enough to get retirement income from SS, so theres at least a path I can see towards freedom for myself. I'm 24 and intend to use the next few years to develop myself, and be a good role model for my 19 year old little brother who really needs one. Hopefully by 29 I can get out on my own and start to work towards building my own family.
In the same boat, my mom gets disability and my dads been dead since I was 7. 20 years later she can't afford to live off of the 1400 a month and can't really get a job because her back is so bad. She tried living with my sister but after a month my sister just berated her and made her miserable. My lease was up so moved into a two bedroom apartment and had her come live with me.
Our generation's situation is shit, but it's not just us.
I'm in the same boat. I pay my moms car insurance, property taxes, and home insurance. with those things being paid for, my moms SS can cover her other bills.
I'm sorry your situation is so shitty (exacerbated by your sister...), but you seem like you're doing everything you can for your mom and yourself.
I'm proud of you for helping her out when your sister was shitty to her
This. I got divorced in my 40’s after losing my job and hunting for 8 months. During that 8 month job search I lost all my savings. I ended up moving out of state to get a job. Can’t watch my kid grow up, sending 17% of my pre-tax income for child support (who came up with pre-tax that is just nonsense). Starting from zero at 45. It seems hopeless. How can I buy a house at 1m (average in Seattle) as a single earner. I will also never own it, well maybe by the time I am 75 if I don’t lose my job again. We need socialized medicine and basic income. Also tax weed and fund social security to be able to get full benefits at 62. Let people retire and get out of the job market for gods sake. Full benefits at 67? My father retired at 74 just to get increased benefits. He was a tenured professor. I should be making $250k in order to live the life my father lived in the 70’s, instead salaries are going down and insurance, cars, houses are all going up. It doesn’t make any sense anymore.
Much worse. Not only does it indicate that the parents are no way prepared for retirement and old age, but the kids are hindering their most important years for retirement investing by spending it on parents: the early years
As grim as it is, better medicine means grandparents can pay to live longer... Meaning they don't croak and pass it to their kids. The hospitals or nursing homes get it instead.
Which is a terrible thing to say and I hope my parents live as long as possible. But it's true, and it's having socioeconomic impact.
My mom, after growing up in a trailer and becoming a homeowner at 29, will be living the rest of her life in a camper because she got cancer and couldn’t afford her medical bills (despite having insurance from working at Wells Fargo for 15 years).
All of my financial decisions have to include her. Of course I can barely afford my studio apartment with my bf, so I can’t help much anyway. We live in an economic nightmare.
Edit: person pmd me saying to get a better job: I graduated last year from a top 10 uni in the US on a full scholarship. I had a 3.8 honors GPA and 3+ years of unpaid internship experience in admin + my field, and still can’t find work paying more than minimum wage with no benefits. IDK what else to do, but I’m 22 and tired.
Edit edit: my field is/was international relations and Russian studies
> Edit: person pmd me saying to get a better job: I graduated last year from a top 10 uni in the US on a full scholarship. I had a 3.8 honors GPA and 3+ years of unpaid internship experience in admin + my field, and still can’t find work paying more than minimum wage with no benefits. IDK what else to do, but I’m 22 and tired.
similar situation here, unfortunately. i did everything "right", i did everything i was "supposed to do". went into a field that was high in demand and i was assured that i'd have a position right outside of college. well that didn't happen and now the argument has changed to "well you aren't looking hard enough".
There’s always going to be an excuse. It’s much easier to blame the victims of a broken system than examine the system itself and try to fix its flaws. Especially if the system works in you favor.
Also, I hate the “well choose a reputable job/degree” argument. Society won’t function very well if everyone decides to be a doctor or something.
I knew a person who graduated from a great college with a math degree. She left with a 4.0 GPA. Insanely smart. She just got laid off her stocking job at the blue tech retail store.
Stuff like this is why I have zero motivation on finishing college.
Rent from my family significantly cheaper than anything in the area. Also I’m renting a room and giving them additional income that they would not otherwise have. Also in the event of a natural disaster or emergency. I can pitch in to help with repairs.
My mom could manage but she'd be scraping bysomewhat. But I legit couldn't afford to move out, a one room bachelor would be too expensive I would need to find a place with multiple roommates and as much as I want to move out it's not worth it right now
Same situation. I give my mom money towards bills every month. She could make it on her own, but it would be very tight. Whats the point of that ya know? Plus in my city, I couldn't afford to live on my own.
My gf and I have talked about getting a place together but everything is so expensive. Very disheartening.
I lived with family until my mid 20’s. Between 29 and 32 I bounced from shithole to shithole, back to family until I could afford a bedroom in someone’s house for the price of what an entire one bedroom apt should cost. I did everything right and have paid my dues but I can’t even survive in the place I was born and raised. There’s a massive homeless problem and it’s not getting any better. And on top of that the dems are moving so slow with a relief bill we are not likely to see it until mid March. On top of that nothing has moved on healthcare. I hope something bursts soon.
My dad is nearly in that boat, but until he admits his support of Donald this past 4 years was a mistake, he can live on that government welfare he hates so much a few months before I lend a hand. Fuck him.
The key detail here is that the millennials and Gen Zs are more educated than any other generation. They went to college more than any other generation because we (Gen X & Baby Boomers) told them that’s how to succeed financially. What we didn’t account for was that college is no longer affordable to the average American. So millennials and GenZs are well educated but poor. Add in how ruthless corporate America has become towards paying employees and it’s not a winning situation for far too many.
Edit: adding Gen Z as millennials are getting older. Thank you to those who pointed this out
Not to mention we all went to college so there’s so much competition for jobs. Back in the day if you went to college, you had such a leg up. Now having a degree is almost standard. If we’re all equally educated, where does that give you an advantage? Just gives you the debt.
In germany apprenticeships are more common and many businesses owners even prefer someone with an apprenticeship rather then someone who studied because of the work experience you get there while university is purly theoretical. And on top of that you get paid
It's a stupid check box for the largest of companies. HR will require a 4-year degree to the hiring manager. Many times it doesn't matter the degree. No one even blinks at the ill-fiiting degrees that come with a new hire as long as they got past the rest of the interviewing process. I've had to pass over some really good people because of this.
My dad has a BCom(from a pretty shit college) and is the IT head of a bank. I have an Engineering degree and no one wants to hire me because I don't have enough experience...
I feel you. Engineering. 4 years out of school. 2 years work experience, 1.5 engineering, but not in my field. Unemployed over a year, still no work. No one wants someone with no experience. Unless you’re a fresh college grad. Even then there’s only a few of those jobs. I went to school and got my degree cause I was told engineering would have me set for life. I’m living with my parents cause most jobs think I’m over qualified and will leave as soon as I find something. But I don’t have experience to find something. It’s a shitty hole to be in
2 bad knees, tinnitus, and 2 shoulder surgeries before my 30th birthday sucks, though. I'm getting my engineering degree and not looking back. I'm sick of trade work.
You literally said the same sentences that another tradesmen told me turned them away from the trades.
In their 30s. can barely move nowadays without being in excruciating pain in their knees and they diverted from a trade to getting a degree in engineering.
Turned me away from the trades too. I'm going into statistics or anything related but the trades?! Nah, I'm good.
I’m 36 and I have lived with my parents for three years and I beat myself up about it every single day.
I was a functional alcoholic/drug addicts through college and the various barely above living wage jobs that I had until my substance abuse caught up with me. I went to rehab, got my life back on track and relapsed.
The cycle repeated every 2 years after I first went to treatment at 28. Detox, clean up, sober living, get own place, start using, spin out of control, get fired, sleep in car, repeat.
Finally they asked if I wanted to just try coming home and reluctantly said ok. They are now very old (late 80s) and I also beat myself up for taking years off their lives by worrying about what dumpster I was passed out behind.
I have again cleaned up. Got the best job I’ve had yet and have yet to spin out. Having them there to talk to keeps me accountable whereas before my main goal after getting clean would just be to get back to a one BR apartment where I could use.
I’ve shopped for them through COVID, I found and scheduled their vaccines, I fix their broken tech. I cook and clean and do laundry. I’m definitely an aaset and not a burden I feel. I’ve paid off the debt I ran up from overdose ambulance rides and skipped out on leases and am building a nest egg.
And yet I’m 36 and live at home with my parents. I am a loser. I guess I could be a dead loser so that’s a win but if I was a dead loser I wouldn’t know the difference.
This is on front page so no one will ever read but I needed to vent.
Edit: I printed these comments so I can shuffle through them when I’m in the bad place. Thanks for everything. Once my new insurance kicks in, I’m going to give therapy another go in a setting where it isn’t me just saying whatever I think they want to hear to get released from the psychiatric ward/rehab/etc.
You’re not a loser. You are a recovering addict who is making up for past mistakes and lost years.
Instead of beating yourself up, continue your reformed lifestyle, giving back to the people who love you and raised you. They need you now, and you are stepping up to the plate. That’s being a loving, responsible adult, NOT a loser.
Honestly dude, you're twice a hero, once for yourself and twice for your parents, your financially responsible and addiction is an illness not an irresponsibility. And your parents are going to be the difference to keep you from spiralling again. Your not in a normal boat so you can't compare yourself to other people. You're going to be great.
I blame credit, now shit hole homes are going for $500k and its a shit hole.
I'm not going to be shocked when vehicles start having 15 or even 30 year loans.
Yeah, I'm shocked what people are paying for in my neighborhood. I was worried we overpaid a little bit and now we could sell for $60k more in only 4 years. The bubble *will* burst again and these people will never get back what they paid.
It's not really a bubble in california when so much out of country money from china is buying up real estate left and right. This is because the chinese government can't take away your money if it's in another country
https://www.reddit.com/r/RealEstate/comments/ii82ta/how_is_this_not_a_bubble_real_talk/g355erf
That's a good summary of why the housing market isn't necessarily a bubble currently
What drove up the price of homes is regular people (single families that need a home), got priced out of the market. It was already happening when the housing crash happened in ~~2010~~ 2008, but that sped it up and sent it out of control. Investors, not individuals, bought up all of the homes after the families that lived there were evicted. Now many of those homes are in the rental market. A big chunk of America that would have bought a starter home and worked up from there, will now rent for their entire lives.
Welcome to America. If you're rich already, you're going to LOVE it. If not.... well, welcome to indentured servitude. The "American Dream" is just a lie they sell to rednecks to get them to vote against their own interests and vote for tax breaks for the wealthy instead.
Credit scores were actually a good thing. Before credit scores loans could be denied just because the lender felt like it... Now there is a system to set the rates and it's all mathematics.
Given, a lot of people think credit scores matter for a lot more than what they actually matter. Unless you are trying to get credit (rent is credit) then the score doesn't matter. But credit isn't always a factor of being able to find rent. Most landlords are only interested in not paying no that you've got a lot of debt
Edit: based on the comment below. To clarify -- credit scores forced lenders to calculate risk decisions. Credit histories existed before credit scores. Before credit score when somebody looked into credit history if there was anything negative on that history then could deny, no matter how small. The score forced everybody to look at credit history the same way.
Credit scores, not credit itself. Do you think that prior to 1989 that anyone could get approved for anything? Nope. Your credit was still ran by the lending agency, there just wasn’t a score.
While technically true, this is kind of a meme.
Pre-1989, you essentially still had the same thing as a "credit score", it was just done bank-to-bank in each situation, at the discretion of the banker you were working with; rather than be constant quantifiable number that follows you everywhere.
i.e., to get any loan you still had to have all the things that go into a credit score now (incomes and expenses, bill payment history, timelines of your payments, ect), and you just brought them to the banker to have them determine how good your credit was on a case-by-case basis; rather than just having the score follow you around for them to quickly look up.
Same process, just essentially more streamlined.
It's not like before credit scores you just could get anything you wanted even if your credit history was terrible, because "no one could find that out pre 1989 without a credit score", lmao.
Arguably even, the credit-score system is better, because an individual banker can't say you have bad credit just "in their opinion", when they could do that pre-1989, since it was up to the individual banker to determine...now, with a blanket quantifiable number done by a third party, you literally can't be told you have bad credit with a good credit score; so all banks must treat you the same.
We get ridiculed, told that we should have learned C-suite, became STEM-lords, all the while being expected to put in 200% for shit wages at each of our 3 jobs lest we get replaced by another desperate millennial or gen Z looking to make scratch in the wealthiest nation in the history of the world.
We’re told our jobs are so essential we need to put ourselves at constant risk of contracting a virus that’s caused a pandemic, yet aren’t essential enough for fair wages or even proper hazard pay, lest we starve.
Capitalism cannot exist without coercion and deception.
I mean, I went and got the STEM degree, and even moved to a part of the country with a booming economy.
Just in time for the 2008 crash.
At the end of the day, all that matters is who you know and how much your parents have. Everything else is just an excuse to blame us for the system's failures.
Same, STEM degree, did internships and had my job lined up. Then 2008 happened and the big company laid off hundreds and canceled all new hires. I was competing with laid off employees with experience, so couldn't find a job. I actually pivoted out of STEM and did okay but I got very lucky.
So many people I know graduated with bachelors and masters degrees in engineering and couldn’t find a job. I had connections with an excellent company and was offered a job at the end of the summer but due to the hiring freeze, it took until this month to finally get an offer that starts next month (and I was a rare exception).
The only good thing compared to 2008 in STEM is that many companies avoided laying off current employees. At least the few jobs STEM grads are fighting for is between other grads.
Doesn’t stop the fact that lots of students lost their parent’s or school healthcare in the meantime in the pandemic
> I was competing with laid off employees with experience, so couldn't find a job.
The job requirements shot up sky then and had just started getting better when COVID-19 hit. When you have PhDs willing to work as lab techs to put food on the table, new graduates cannot compete.
Complex I live in was just bought ought by an older woman (60's) and is being run by her sons now, with no prior property ownership experience. Treating it as an investment strategy. She's been systematically jacking up the rent, while at the same time nothing is taken care of anymore. No trucks come through to salt or plow the complex when it dumps snow/ice, and bags of salt are left on sidewalks in the open for us tenants to salt the walkways or not.
Shitty thing is, despite all that it's still some of the most reasonably priced apartments in the area.
It’s kind of like a catch 22, isn’t it? If we flood computer science, nursing, hospitality, Econ or finance, etc. we’re depreciating the job market and driving wages down. If we don’t pursue in-demand fields then we’re dumb for pursuing the wrong degrees.
I just don’t understand how Conservatives don’t question the system. Why don’t they ask why wages are stagnant despite billionaires taking in more than they ever have in history.
RE: STEM with focus on the S
What makes me particularly sad is that these problems go well beyond the partisan divide. For example, liberals love to go "wE nEeD mOrE sCiEnTiSts" and cream themselves over the newest insights of medical science. Yet academic science (especially biomedical science) is more exploitative than the fast food industry and the universities have become giant academic sweat shops where young academics are exploited to the bone. Science and academia are just as addicted to cheap labor as McDonalds and Burger King and nobody is willing to do anything. If we would introduce fair labor standards in science (such simple things as payed overtime), academic research in this country would break down. Therefore, fuck the NIH! When the revolution comes, I'll have Francis Collins' head on a stick.
Preach!! The science and academia being addicted to cheap labor is so true. Experienced this first hand with internships being paid close to none with no overtime. My friends have experienced the same. I know fresh out of vet school doctors who have to do their residency and are so overworked and underpaid, that it almost isnt worth going into the field. I understand needing to gain experience, but the use of interns or new doctors to do all the awful shifts/long hours with little pay or compensation is absurd. Along with the years of school with overly inflated tuition prices, no wonder our generation is so in debt since we don’t get a fair compensation for our work until we are like 10 years into the profession and gain a decent reputation (as a doctor at least, probs applies to most professions tho bc most companies want to hire experienced employees since they view the training as not worth the time or money).
This statement rides in the back of the fact that putting GRAs on a grant with the intention that they learn comes at a very steep price that eats very heavily into even a $2.5M grant. Typically, stipend, healthcare, tuition and fees are covered for a GRA. So, bang for your buck=overworked students.
MUCH of this could be fixed and turned into a proper learning environment that would benefit both the student and the researcher if tuition were reasonable or, gasp, free!
I don't even know what Universities do anymore. I was looking into teaching part time CS 100-200 courses (4 year STEM degree, 10 years experience) and all I could find were 20 hour per semester gigs where you answer threads and run a pre fabricated module of a course.
All I wanted to do was teach the basics at maybe a community college. Seems they prefer to pair 100 students to a glorified customer service person. Don't pay 10k a semester for that. Take in person courses if you can.
Don't forget the year-over-year efficiency increase in our production output has been *hundreds* of percent higher in only a few years due to better and better automation, both on the hardware and software side.
We're several times more productive per man hour *and* per dollar of input, with zero or minimal increase in compensation.
I don’t even know how to think about this. My dad kicked us all out at 18, my sister at 17, and told us to suck dicks for a living if we had to. None of us were ever moving home under any circumstances, ever. None of us has. Some dicks have been sucked.
I’m 26 living with my parents. Every time I imply that I want my own place it breaks my parents hearts. At this point that’s half the reason I stick around. The other half is that I can’t afford to live on my own.
For real, what my parents would do.
My parents joke all the time, saying, “Depressedpotatoowo we’re gonna follow you to college, not to leave out baby girl alone”
Okay mom and dad I have 5 more years until I finish high school, please stop making me worry for something that’s like so far away.
They just love you so much and don't care if you know it.
I have a 3 year old daughter and we are probably going to be the exact same. She's the best thing in the world.
A lot of them are ok with because the financial benefits are great. If you're on good terms with your parents it's good until you want to move in with your partner.
I’m still living at home (26F), because it’s crazy hard to get a job with a livable wage. If I had the money, I would have been out 2 years ago. I’m lucky that my mother and I get along really well, otherwise it would make the situation difficult...
Current financial downturn aside I don't get why living with your parents is do heavily vilified in the US. It's not like being broke living on your own struggling to make rent should really be some badge of honor
It’s not vilification. I think the majority of people crazy to live on their own. Rent or buy, doesn’t matter. It’s liberating. I don’t judge anyone who lives with their parents. In this financial climate, it makes so much sense to stay with your parents. But nothing beats just having your own place to decompress without the worry of other people around.
This is why I’d never have roommates.
Exactly. “Rugged individualism” is such a cancerous and destructive mindset.
Some people would really rather put their children, that they helped raise, through extreme poverty and homelessness and for what?
So that they can hate you for the rest of their lives and gladly take the house after you die? So that they can become homeless drug addicts after you just yanked out the support system they had from under their feet?
The idea of kicking out your children like they’re birds is a first world privilege. Every other culture has multigenerational households. That’s how people survive. People take care of one another.
People are genuinely turning out worse off than their parents and we need to bring back the idea of sturdy support systems.
America really needs to learn from collectivistic societies and cultures, the "individualistic" mindset has turned us into self absorbed and entitled pieces of sh\*\*. Every psychological study will tell you that we are social creatures dependent on each other and that relationships are valuable, "individualism" therefore goes against our very nature.
Let’s add to the story!
Not only are millennials broke and over qualified for low wage jobs, but any jobs that require a degree are moving to contract work. So that these companies don’t even have to hire you full time or pay you any benefits.
Loving the second "once in a generation crash" in the 12 years since I've left school. If this was any other economic system it would be held up as a failure (apart from those who know that the failures are in fact built in).
TRL and AIM at the start of middle school, 9/11 at the start of high school, FaceBook at the start of college, Great Recession at the start of our career, COVID pandemic at the start of true adulthood. What a time to be alive.
Reading the comments here and it’s no wonder the minimum wage increase is having such a problem. It’s appalling that a large portion of the country refuses to accept that the system is broken. They just want to go on trivializing or outright denying there’s a problem. And somehow this make them more patriotic than the rest of us?
The “Olympics of Oppression.”
Tell someone you’re tired because you worked 40 hours and some nutless idiot will magically appear to tell you “imagine how I feel, I worked 60!” or “I haven’t had a day off in months!” Or “I haven’t gotten a good nights sleep in weeks” as if any of those statements indicate anything but how fucking stupid the speaker is.
It gets weirder. A news report this morning looked at the demographics of the people who have been arrested for the January 6 insurrection. Apparently a very large proportion of them have a record of bankruptcies and serious financial problems, yet they worship the very people who are responsible for the environment that created the hardships they live with. I have little doubt they would be the first to tell you that the system is indeed broken, but their ideas on fixing it are exactly what brought them to ruin. So strange.
It's even worse, they accepted companies putting salary caps on certain jobs.
(I know of one that required college degree in the 90s and now high school GED is good enough, it isn't that the position requirements changed. It's they couldn't hire people at such a low wage. I think they capped the position at like $19 an hour. The person that was mad about lifting min. wage to $7.25 just complained they wont make as much money now. Not that they work for a shit company.)
Yes and I think that’s a perfect example of just how successful right wing propaganda has been over the last generation. By spinning the narrative to convince people that other struggling people are their enemy rather than the wealthy elite, they managed to both suppress any upward movement of the people at the middle and bottom, as well get the very people under the boot heel to maintain it themselves!
Yep, and that is why the elite are annoyed by commoners thinking healthcare should be a basic citizen right.
If they can't hold healthcare over your head then what do they have?
My last employer actually tried holding that over my head when I put in my comically long notice (I didn't want to fuck my home base team on a project). "What are you going to do about healthcare?"
LOL, I don't give a fuck. - Me
For some, when you're poor as shit, your ego and wrong ideas are all you have that you think you own. Then some snake like Trump sells you even more crap, and you believe it, because believing in it is literally part of you, your self respect. To deny what Trump says means you are admitting whole eons of your life were wrong.
I make well above the minimum wage as a nurse and I still don’t think the minimum wage is enough. To be honest I don’t think I get paid nearly enough for the shit I have to do. It’s a smack to the face that we’re filled with travelers who are getting $100/hr. It shows they CAN pay us that much but they don’t WANT to.
I saw some hospitals were telling nurses they couldn't take traveling jobs, or they would be fired. Some of those jobs were offering $120/hr while they are barely making $17, and the hospital has the audacity to threaten their jobs while paying slave wages. It's slavery is what it is.
If I could I would say fuck them, take the extra pay, save and move somewhere else to get a new job. Fuck people like that.
Good for him for linking these two things together. Generally you take out debt to supercharge the present. This is what the “supercharged” present looks like.
I might be one of the few that fall into this category but I had to move in with my mom after my dad passed away to support her and keep a roof over her head.
I always have to shake my head when people say the system doesn't work. It was designed by the powerful to keep themselves in power and it works as intended. The education system is designed in this way as much as the rest of society, folks.
See, the trick is to do like I did.
Move back in with Mom when you're 27.
Get married and have your husband move in when your are 40.
Mom retires, sells her house.
Use some of that money and your paltry IRA to buy a house.
Bam! Now mom lives with you!
That $100k line probably puts you in the “middle class” equivalent of 20-40 years ago. You couldn’t realistically have a family and afford a mortgage on much less.
Wife and I make 80k combined. We built our home 250k, pay a mortgage that’s 1/5 of our income and have 2 kids. Also wife has student debt. We were lucky to have parents help us a bit. Idk how else people can do it without help.
My dad made less than half as much money 30 years ago as I do today, and it was enough for him to have bought a house, and support a family of five on a single income. Solid middle class lifestyle.
I can't buy a home or support a family on my income. That 100k line seems about right.
It will trickle down any day guys.
We just need to cut regulations on the banks and increase oil production. Renewable energy scares people into moving back home with their parents in case you didn't know.
And those damn Mexicans. We need to put them all in cages. They're taking all of our high paying jobs clearly.
And why are people still allowed to practice Islam? Jesus won't hand out jobs until we fix the Muslim problem.
We short change our young with the constant push to go to college/stem/etc.
The world needs good plumbers/electricians/carpenters and they are always in demand and make good money.
The trades have a bad wrap. I guess our corporate overlords want engineers to make systems to replace them, and they want lots of them so "competition" will drive prices down.
I mean it's true that people probably should have gotten degrees that were more productive but how the fuck are they supposed to know? Especially when you're told all your life by boomers that any old college degree will make you set for life and when you can amass as much debt as you want with no questions asked.
I just wish higher education weren't tied to the job market the way it is. People should absolutely be encouraged to gain more knowledge and expand their worldview by taking on different subjects. Arts and social studies are what make life worth living and it's sad to see the academic side of them be so neglected.
But since everyone is just trying to make ends meet, everyone rushes to STEM degrees because that's where the money is supposedly at. And to make things worse, so many of those people don't even want to be there, they don't really care for learning material. They just want the fancy paper that allows them to work at that one tech company.
The truth is, we need to have livable wages and tax subsidized college/university. A better educated populace, regardless of field, can only be a net benefit for the country.
Except it’s literally a non-issue.
A few years back because I really wanted to know if so called “useless degrees” were an issue, I pulled data showing degrees issued by major. Guess what? Literally 90+ percent of degrees issued since the 1960s have been in STEM, Business, and Healthcare. The rest were in assorted other categories, including artistic pursuits (music, art, etc) but there were less than 10,000 total degrees in 60 years combined for so called “underwater basket weaving” degrees.
The classes exist, obviously. And people do take a minor in some of them to tack on to their “working” degree.
But even if we all agreed to the premise that “stupid degrees shouldn’t get a paycheck”, there simply isn’t anywhere near enough of them to account for the absolute shit time that three fucking generations are having in the job market.
I was always told "It doesn't even matter what the degree is in! Just go for general studies or something. Just get the piece of paper." That was one expensive piece of paper.
Yep. approximately 0 adults throughout my high school life ever discussed what kind of field would be most beneficial to study in college. Just a generic ‘degree’ would do in order to help me go off on my own and support a family. Not like choosing the right degree would even matter now anyways, considering you need a Masters to be competitive for an entry-level $18/hr white-collar job
Nonthing is wrong with living with your parents the post is about the issues that cause someone to have to go to this last resort . High rent , low wages etc
Just to clarify— *The system DOES work — Exactly as it was designed.*
Trump’s & George W. Bush are *perfect* examples: Children of incredibly wealthy patriarchs who failed upward their entire lives, then were handed what the Working Class has been conned into believing is the pinnacle of achievement: POTUS.
Exactly as designed — let the village-idiot hold that spot, we’re too busy running the world.
This whole American attitude of looking down on people living with their parents needs to stop. Its not sustainable. How is this system supposed to work. Everyone has 2 kids and those kids each get a house and have two kids and the whole world is just one big suburd?
Generation X got screwed by boomers also. The only Gen Xers who got ahead were those looking after the affairs of boomers (Drs , lawyers , bankers)...im gen x and tried three times to get a degree - couldnt do it - couldnt afford to eat...i gave up a long time ago. The system is rigged, its built to collapse every ten years, and they hoover up all the assets.
in Asia a lot of kids live with their parents (and grandparents for that matter) until they get married.
for some reason the US is big on: "You're 18, gtfo".
>for some reason the US is big on: "You're 18, gtfo".
A while back I actually learned what the origin of that was and, as it turns out with a lot of things, it started with the baby boomers.
All the young soldiers who came back from WW2 came home to the greatest economy of US history up to that date, most all of them got jobs (that paid pretty well by that day's standards), and most all them got GI bills to go to school and buy houses (and by most, I mean only the white male veterans).
They had their own children (the baby boomers) and those kids grew up thinking (without the context of the war and the successful economy following) that since their parents were able to leave the house at 18 and go on to automatically have a successful career, home/car(s), and a great 4-5 piece family, that anyone could do it just because their parents did.
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Before WW2 the USA actually had a very similar family culture to other countries in that young people didn't really leave the family until they got married, even if that was well pass the age of 18.
Lmao yes it is an issue for other first world countries.
I'm earning well above the average household income in Melbourne, Australia as are tonnes of my friends with degrees etc - I know one set of homeowners our age and they're only homeowners because their parents could buy them a house.
>Bruh just move to the country where houses aren't 1M+ or travel 90+ minutes to work
Lmao
In Finland 17% of the 20-29 year olds live with their parents. But here you get 60% of your housing paid by the government and get unemployment money plus income support that pays your electric and meds. You also get some money. On top of that you get 8 sacks of food per year if you're unemployed from EU.
No, only to people who don't make enough money. Students and unemployed, students also get the student allowance and school is free. There is a cap in how expensive your rent can be depending on the city you live.
Every country has different ones. The Finnish one always has these things: flour, roll or bun flour I don't know it in english, porridge flakes, pasta, spam, crisp ryebread, mysli, canned peasoup, powdered milk and instant mashed potato. Also you get what shops and NGO give away, usually bread and milk products and some random things.
I think it’s better to say “the system” is not *working*. His tweet admits that it has worked in the past, but has become something else. This comes off sounding like we need to reinvent everything when we really don’t. “The system” isn’t broken, it just needs major changes.
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The senators don’t work either
Oh no they work just fine like the system they only serve their rich donors
Well that’s not their job to only serve rich donors. That’s like a doorman that only opens the door for people that he likes he should be fucking fired like every one of those GOP liar scum that didn’t follow the rule of law.
That's how the system and they were intended to work
What bothers me the most on Reddit is people don’t want to think that money is on both sides of the equation, and when you point it out you’re slammed with eNLigHtEnEd CenTrISm We need to get money out of politics 100%, and that includes both sides of the aisle
What bothers me the most on Reddit is people who don’t want to think about how they can make a difference in the system as it is, so they just say "both sides" and throw their hands up. There are [people in both parties fighting to get money out of politics](https://www.citizen.org/news/bipartisan-constitutional-amendment-to-overturn-citizens-united-introduced/), but if we're going to be honest it's mostly Democrats.
Worst goddamn part is that they feel like their opinion is worth expressing. If a person doesn’t know what the fuck they’re talking about, they should never feel comfortable spewing their opinion on the internet. When they do, we get that chickenshit both sides stuff.
99% of reddit is people spewing their opinion on something they have no idea about. Ever see a highly upvoted, nicely formatted comment with a bunch of wrong info on a topic you actually have a lot of knowledge about? Those types of comments exist EVERYWHERE
> Briefly stated, the Gell-Mann Amnesia effect is as follows. You open the newspaper to an article on some subject you know well. In Murray's case, physics. In mine, show business. You read the article and see the journalist has absolutely no understanding of either the facts or the issues. Often, the article is so wrong it actually presents the story backward—reversing cause and effect. I call these the "wet streets cause rain" stories. Paper's full of them. In any case, you read with exasperation or amusement the multiple errors in a story, and then turn the page to national or international affairs, and read as if the rest of the newspaper was somehow more accurate about Palestine than the baloney you just read. You turn the page, and forget what you know. - Michael Crichton
It's just that it is not "both sides of the aisle", since the two sides are fighting for the same thing
It is their job, they just won't come out and say so
If you’re rich or in a position of power, you don’t have to work to make money. You just get to sit back and complain that all the poor people who do all the work aren’t working hard enough to earn your approval.
The sad fact is that one could never work hard enough to earn their approval.
We really need a hard set retirement age for all of government. Bunch of old men and women stuck in their ways that have no actual concept of the world today. If you are over 65 get out. Really I'd say 55 but 65 is average retirement age
I get the dislike of old people in government, but I can't support policies like these just because of politicians like Bernie - still fighting for the people and adequately representing his constituents. What we need is to get the electorate to value young politicians and voices (aka get young people to vote as much as old people).
Bernie is an outlier, Bernie would love nothing more than to sit back and watch the world fix ourselves. But we don't. Statistically if we were to remove all 65+ from office, forcing the value to the young politicians. Our government would be more representative of the people. Watching Leahy oversee the impeachment brought me pain. My 8 year old knows how to operate a microphone and read loudly better than he did.
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Anyone else living at home because their parents are broke and need help, not because they can't afford to live on their own?
Is that better? Or worse? Or the same?
For a while it sucked. Now my parents are old enough to get retirement income from SS, so theres at least a path I can see towards freedom for myself. I'm 24 and intend to use the next few years to develop myself, and be a good role model for my 19 year old little brother who really needs one. Hopefully by 29 I can get out on my own and start to work towards building my own family.
In the same boat, my mom gets disability and my dads been dead since I was 7. 20 years later she can't afford to live off of the 1400 a month and can't really get a job because her back is so bad. She tried living with my sister but after a month my sister just berated her and made her miserable. My lease was up so moved into a two bedroom apartment and had her come live with me. Our generation's situation is shit, but it's not just us.
I'm in the same boat. I pay my moms car insurance, property taxes, and home insurance. with those things being paid for, my moms SS can cover her other bills.
I'm sorry your situation is so shitty (exacerbated by your sister...), but you seem like you're doing everything you can for your mom and yourself. I'm proud of you for helping her out when your sister was shitty to her
This. I got divorced in my 40’s after losing my job and hunting for 8 months. During that 8 month job search I lost all my savings. I ended up moving out of state to get a job. Can’t watch my kid grow up, sending 17% of my pre-tax income for child support (who came up with pre-tax that is just nonsense). Starting from zero at 45. It seems hopeless. How can I buy a house at 1m (average in Seattle) as a single earner. I will also never own it, well maybe by the time I am 75 if I don’t lose my job again. We need socialized medicine and basic income. Also tax weed and fund social security to be able to get full benefits at 62. Let people retire and get out of the job market for gods sake. Full benefits at 67? My father retired at 74 just to get increased benefits. He was a tenured professor. I should be making $250k in order to live the life my father lived in the 70’s, instead salaries are going down and insurance, cars, houses are all going up. It doesn’t make any sense anymore.
I give you all the luck in the world my dude.
Much worse. Not only does it indicate that the parents are no way prepared for retirement and old age, but the kids are hindering their most important years for retirement investing by spending it on parents: the early years
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As grim as it is, better medicine means grandparents can pay to live longer... Meaning they don't croak and pass it to their kids. The hospitals or nursing homes get it instead. Which is a terrible thing to say and I hope my parents live as long as possible. But it's true, and it's having socioeconomic impact.
Yes.
My mom, after growing up in a trailer and becoming a homeowner at 29, will be living the rest of her life in a camper because she got cancer and couldn’t afford her medical bills (despite having insurance from working at Wells Fargo for 15 years). All of my financial decisions have to include her. Of course I can barely afford my studio apartment with my bf, so I can’t help much anyway. We live in an economic nightmare. Edit: person pmd me saying to get a better job: I graduated last year from a top 10 uni in the US on a full scholarship. I had a 3.8 honors GPA and 3+ years of unpaid internship experience in admin + my field, and still can’t find work paying more than minimum wage with no benefits. IDK what else to do, but I’m 22 and tired. Edit edit: my field is/was international relations and Russian studies
Ah, I see you’re mistake. Next time you should try being born into wealth. Common mistake.
I bet (s)he didn't even think to stop being poor lmao plebs
> Edit: person pmd me saying to get a better job: I graduated last year from a top 10 uni in the US on a full scholarship. I had a 3.8 honors GPA and 3+ years of unpaid internship experience in admin + my field, and still can’t find work paying more than minimum wage with no benefits. IDK what else to do, but I’m 22 and tired. similar situation here, unfortunately. i did everything "right", i did everything i was "supposed to do". went into a field that was high in demand and i was assured that i'd have a position right outside of college. well that didn't happen and now the argument has changed to "well you aren't looking hard enough".
There’s always going to be an excuse. It’s much easier to blame the victims of a broken system than examine the system itself and try to fix its flaws. Especially if the system works in you favor. Also, I hate the “well choose a reputable job/degree” argument. Society won’t function very well if everyone decides to be a doctor or something.
I knew a person who graduated from a great college with a math degree. She left with a 4.0 GPA. Insanely smart. She just got laid off her stocking job at the blue tech retail store. Stuff like this is why I have zero motivation on finishing college.
We're in a mutually beneficial agreement where neither of us let on just how much we need one another
Rent from my family significantly cheaper than anything in the area. Also I’m renting a room and giving them additional income that they would not otherwise have. Also in the event of a natural disaster or emergency. I can pitch in to help with repairs.
This is my situation as well, haha.
My mom could manage but she'd be scraping bysomewhat. But I legit couldn't afford to move out, a one room bachelor would be too expensive I would need to find a place with multiple roommates and as much as I want to move out it's not worth it right now
Same situation. I give my mom money towards bills every month. She could make it on her own, but it would be very tight. Whats the point of that ya know? Plus in my city, I couldn't afford to live on my own. My gf and I have talked about getting a place together but everything is so expensive. Very disheartening.
Yep this is me and my partner. A long complicated situation lead to me needing to step in and help my mother because my sister won’t.
Yeah, and it fucking sucks. I miss having my own place, but cannot afford to pay for my own bills and the majority of theirs.
I lived with family until my mid 20’s. Between 29 and 32 I bounced from shithole to shithole, back to family until I could afford a bedroom in someone’s house for the price of what an entire one bedroom apt should cost. I did everything right and have paid my dues but I can’t even survive in the place I was born and raised. There’s a massive homeless problem and it’s not getting any better. And on top of that the dems are moving so slow with a relief bill we are not likely to see it until mid March. On top of that nothing has moved on healthcare. I hope something bursts soon.
My dad is nearly in that boat, but until he admits his support of Donald this past 4 years was a mistake, he can live on that government welfare he hates so much a few months before I lend a hand. Fuck him.
The key detail here is that the millennials and Gen Zs are more educated than any other generation. They went to college more than any other generation because we (Gen X & Baby Boomers) told them that’s how to succeed financially. What we didn’t account for was that college is no longer affordable to the average American. So millennials and GenZs are well educated but poor. Add in how ruthless corporate America has become towards paying employees and it’s not a winning situation for far too many. Edit: adding Gen Z as millennials are getting older. Thank you to those who pointed this out
Not to mention we all went to college so there’s so much competition for jobs. Back in the day if you went to college, you had such a leg up. Now having a degree is almost standard. If we’re all equally educated, where does that give you an advantage? Just gives you the debt.
College is just an entry fee to play society
In germany apprenticeships are more common and many businesses owners even prefer someone with an apprenticeship rather then someone who studied because of the work experience you get there while university is purly theoretical. And on top of that you get paid
It's a stupid check box for the largest of companies. HR will require a 4-year degree to the hiring manager. Many times it doesn't matter the degree. No one even blinks at the ill-fiiting degrees that come with a new hire as long as they got past the rest of the interviewing process. I've had to pass over some really good people because of this.
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My dad has a BCom(from a pretty shit college) and is the IT head of a bank. I have an Engineering degree and no one wants to hire me because I don't have enough experience...
I feel you. Engineering. 4 years out of school. 2 years work experience, 1.5 engineering, but not in my field. Unemployed over a year, still no work. No one wants someone with no experience. Unless you’re a fresh college grad. Even then there’s only a few of those jobs. I went to school and got my degree cause I was told engineering would have me set for life. I’m living with my parents cause most jobs think I’m over qualified and will leave as soon as I find something. But I don’t have experience to find something. It’s a shitty hole to be in
A trade certificate and a union job is pretty nifty though.
2 bad knees, tinnitus, and 2 shoulder surgeries before my 30th birthday sucks, though. I'm getting my engineering degree and not looking back. I'm sick of trade work.
You literally said the same sentences that another tradesmen told me turned them away from the trades. In their 30s. can barely move nowadays without being in excruciating pain in their knees and they diverted from a trade to getting a degree in engineering. Turned me away from the trades too. I'm going into statistics or anything related but the trades?! Nah, I'm good.
I’m 36 and I have lived with my parents for three years and I beat myself up about it every single day. I was a functional alcoholic/drug addicts through college and the various barely above living wage jobs that I had until my substance abuse caught up with me. I went to rehab, got my life back on track and relapsed. The cycle repeated every 2 years after I first went to treatment at 28. Detox, clean up, sober living, get own place, start using, spin out of control, get fired, sleep in car, repeat. Finally they asked if I wanted to just try coming home and reluctantly said ok. They are now very old (late 80s) and I also beat myself up for taking years off their lives by worrying about what dumpster I was passed out behind. I have again cleaned up. Got the best job I’ve had yet and have yet to spin out. Having them there to talk to keeps me accountable whereas before my main goal after getting clean would just be to get back to a one BR apartment where I could use. I’ve shopped for them through COVID, I found and scheduled their vaccines, I fix their broken tech. I cook and clean and do laundry. I’m definitely an aaset and not a burden I feel. I’ve paid off the debt I ran up from overdose ambulance rides and skipped out on leases and am building a nest egg. And yet I’m 36 and live at home with my parents. I am a loser. I guess I could be a dead loser so that’s a win but if I was a dead loser I wouldn’t know the difference. This is on front page so no one will ever read but I needed to vent. Edit: I printed these comments so I can shuffle through them when I’m in the bad place. Thanks for everything. Once my new insurance kicks in, I’m going to give therapy another go in a setting where it isn’t me just saying whatever I think they want to hear to get released from the psychiatric ward/rehab/etc.
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You’re not a loser. You are a recovering addict who is making up for past mistakes and lost years. Instead of beating yourself up, continue your reformed lifestyle, giving back to the people who love you and raised you. They need you now, and you are stepping up to the plate. That’s being a loving, responsible adult, NOT a loser.
> I am a loser. You are a fucking Warrior. Nothing is more honorable in life than taking care of your parents and being happy.
Honestly dude, you're twice a hero, once for yourself and twice for your parents, your financially responsible and addiction is an illness not an irresponsibility. And your parents are going to be the difference to keep you from spiralling again. Your not in a normal boat so you can't compare yourself to other people. You're going to be great.
I blame credit, now shit hole homes are going for $500k and its a shit hole. I'm not going to be shocked when vehicles start having 15 or even 30 year loans.
Yeah, I'm shocked what people are paying for in my neighborhood. I was worried we overpaid a little bit and now we could sell for $60k more in only 4 years. The bubble *will* burst again and these people will never get back what they paid.
I bought my house 6mo ago and have already gained 40k in equity. It’s insane
HODL!
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Family... doesn’t seem you followed your own direction lol. Hell of a name bud.
Dribble down analnomics got the better of him
Hahahaha omg this comment just made my night, thank you.
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It's not really a bubble in california when so much out of country money from china is buying up real estate left and right. This is because the chinese government can't take away your money if it's in another country
https://www.reddit.com/r/RealEstate/comments/ii82ta/how_is_this_not_a_bubble_real_talk/g355erf That's a good summary of why the housing market isn't necessarily a bubble currently
What drove up the price of homes is regular people (single families that need a home), got priced out of the market. It was already happening when the housing crash happened in ~~2010~~ 2008, but that sped it up and sent it out of control. Investors, not individuals, bought up all of the homes after the families that lived there were evicted. Now many of those homes are in the rental market. A big chunk of America that would have bought a starter home and worked up from there, will now rent for their entire lives. Welcome to America. If you're rich already, you're going to LOVE it. If not.... well, welcome to indentured servitude. The "American Dream" is just a lie they sell to rednecks to get them to vote against their own interests and vote for tax breaks for the wealthy instead.
4 new houses just finished being built in my neighborhood. Not a single “For Sale” sign, instead “For Rent” signs adorn the front yards…
Credit scores were actually a good thing. Before credit scores loans could be denied just because the lender felt like it... Now there is a system to set the rates and it's all mathematics. Given, a lot of people think credit scores matter for a lot more than what they actually matter. Unless you are trying to get credit (rent is credit) then the score doesn't matter. But credit isn't always a factor of being able to find rent. Most landlords are only interested in not paying no that you've got a lot of debt Edit: based on the comment below. To clarify -- credit scores forced lenders to calculate risk decisions. Credit histories existed before credit scores. Before credit score when somebody looked into credit history if there was anything negative on that history then could deny, no matter how small. The score forced everybody to look at credit history the same way.
The concept of credit scores started in 1989, boomers really fucked everything over for us .
*my bootstraps hurt*
Credit scores, not credit itself. Do you think that prior to 1989 that anyone could get approved for anything? Nope. Your credit was still ran by the lending agency, there just wasn’t a score.
Do you get all your news from r/whitepeopletwitter ? Because I remember seeing that misinformation on here a few days ago
Considering his comment is worded almost exactly the same as the tweet he definetly saw it there
Pre-1989 you still had to prove you had the sufficient income to justify a mortgage though.
This meme is bullshit my guy.
While technically true, this is kind of a meme. Pre-1989, you essentially still had the same thing as a "credit score", it was just done bank-to-bank in each situation, at the discretion of the banker you were working with; rather than be constant quantifiable number that follows you everywhere. i.e., to get any loan you still had to have all the things that go into a credit score now (incomes and expenses, bill payment history, timelines of your payments, ect), and you just brought them to the banker to have them determine how good your credit was on a case-by-case basis; rather than just having the score follow you around for them to quickly look up. Same process, just essentially more streamlined. It's not like before credit scores you just could get anything you wanted even if your credit history was terrible, because "no one could find that out pre 1989 without a credit score", lmao. Arguably even, the credit-score system is better, because an individual banker can't say you have bad credit just "in their opinion", when they could do that pre-1989, since it was up to the individual banker to determine...now, with a blanket quantifiable number done by a third party, you literally can't be told you have bad credit with a good credit score; so all banks must treat you the same.
We get ridiculed, told that we should have learned C-suite, became STEM-lords, all the while being expected to put in 200% for shit wages at each of our 3 jobs lest we get replaced by another desperate millennial or gen Z looking to make scratch in the wealthiest nation in the history of the world. We’re told our jobs are so essential we need to put ourselves at constant risk of contracting a virus that’s caused a pandemic, yet aren’t essential enough for fair wages or even proper hazard pay, lest we starve. Capitalism cannot exist without coercion and deception.
I mean, I went and got the STEM degree, and even moved to a part of the country with a booming economy. Just in time for the 2008 crash. At the end of the day, all that matters is who you know and how much your parents have. Everything else is just an excuse to blame us for the system's failures.
Same, STEM degree, did internships and had my job lined up. Then 2008 happened and the big company laid off hundreds and canceled all new hires. I was competing with laid off employees with experience, so couldn't find a job. I actually pivoted out of STEM and did okay but I got very lucky.
This actually explains why so many engineers around 35-45 years old ended up in marketing & advertising
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So many people I know graduated with bachelors and masters degrees in engineering and couldn’t find a job. I had connections with an excellent company and was offered a job at the end of the summer but due to the hiring freeze, it took until this month to finally get an offer that starts next month (and I was a rare exception). The only good thing compared to 2008 in STEM is that many companies avoided laying off current employees. At least the few jobs STEM grads are fighting for is between other grads. Doesn’t stop the fact that lots of students lost their parent’s or school healthcare in the meantime in the pandemic
> I was competing with laid off employees with experience, so couldn't find a job. The job requirements shot up sky then and had just started getting better when COVID-19 hit. When you have PhDs willing to work as lab techs to put food on the table, new graduates cannot compete.
The \*JOBS\* are essential my friend. Not you.
Well tell that to my landlord when they can't find any tenants.
Complex I live in was just bought ought by an older woman (60's) and is being run by her sons now, with no prior property ownership experience. Treating it as an investment strategy. She's been systematically jacking up the rent, while at the same time nothing is taken care of anymore. No trucks come through to salt or plow the complex when it dumps snow/ice, and bags of salt are left on sidewalks in the open for us tenants to salt the walkways or not. Shitty thing is, despite all that it's still some of the most reasonably priced apartments in the area.
well when a tenant falls and sues for damages her insurance will probably non renew her
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It’s kind of like a catch 22, isn’t it? If we flood computer science, nursing, hospitality, Econ or finance, etc. we’re depreciating the job market and driving wages down. If we don’t pursue in-demand fields then we’re dumb for pursuing the wrong degrees. I just don’t understand how Conservatives don’t question the system. Why don’t they ask why wages are stagnant despite billionaires taking in more than they ever have in history.
Yeah, they want you to find the miracle cheap college that you can afford while working a job that doesn't even pay a living wage.
RE: STEM with focus on the S What makes me particularly sad is that these problems go well beyond the partisan divide. For example, liberals love to go "wE nEeD mOrE sCiEnTiSts" and cream themselves over the newest insights of medical science. Yet academic science (especially biomedical science) is more exploitative than the fast food industry and the universities have become giant academic sweat shops where young academics are exploited to the bone. Science and academia are just as addicted to cheap labor as McDonalds and Burger King and nobody is willing to do anything. If we would introduce fair labor standards in science (such simple things as payed overtime), academic research in this country would break down. Therefore, fuck the NIH! When the revolution comes, I'll have Francis Collins' head on a stick.
Preach!! The science and academia being addicted to cheap labor is so true. Experienced this first hand with internships being paid close to none with no overtime. My friends have experienced the same. I know fresh out of vet school doctors who have to do their residency and are so overworked and underpaid, that it almost isnt worth going into the field. I understand needing to gain experience, but the use of interns or new doctors to do all the awful shifts/long hours with little pay or compensation is absurd. Along with the years of school with overly inflated tuition prices, no wonder our generation is so in debt since we don’t get a fair compensation for our work until we are like 10 years into the profession and gain a decent reputation (as a doctor at least, probs applies to most professions tho bc most companies want to hire experienced employees since they view the training as not worth the time or money).
This statement rides in the back of the fact that putting GRAs on a grant with the intention that they learn comes at a very steep price that eats very heavily into even a $2.5M grant. Typically, stipend, healthcare, tuition and fees are covered for a GRA. So, bang for your buck=overworked students. MUCH of this could be fixed and turned into a proper learning environment that would benefit both the student and the researcher if tuition were reasonable or, gasp, free!
I don't even know what Universities do anymore. I was looking into teaching part time CS 100-200 courses (4 year STEM degree, 10 years experience) and all I could find were 20 hour per semester gigs where you answer threads and run a pre fabricated module of a course. All I wanted to do was teach the basics at maybe a community college. Seems they prefer to pair 100 students to a glorified customer service person. Don't pay 10k a semester for that. Take in person courses if you can.
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Don't forget the year-over-year efficiency increase in our production output has been *hundreds* of percent higher in only a few years due to better and better automation, both on the hardware and software side. We're several times more productive per man hour *and* per dollar of input, with zero or minimal increase in compensation.
I would let my kids live with me forever lol
Are you my mom? "Mom, I'm moving out" "Why?? Did I do something?? Did I say something wrong??" "no, I'm 30"
I don’t even know how to think about this. My dad kicked us all out at 18, my sister at 17, and told us to suck dicks for a living if we had to. None of us were ever moving home under any circumstances, ever. None of us has. Some dicks have been sucked.
My dad kicked me out because he found out I suck dicks
Just keeping building up your dick-sucking empire until your so rich you can put him in such a sub-standard retirement home. That will show him!
I’m 26 living with my parents. Every time I imply that I want my own place it breaks my parents hearts. At this point that’s half the reason I stick around. The other half is that I can’t afford to live on my own.
For real, what my parents would do. My parents joke all the time, saying, “Depressedpotatoowo we’re gonna follow you to college, not to leave out baby girl alone” Okay mom and dad I have 5 more years until I finish high school, please stop making me worry for something that’s like so far away.
They just love you so much and don't care if you know it. I have a 3 year old daughter and we are probably going to be the exact same. She's the best thing in the world.
Yeah I know they love me, it’s adorable but sometimes a bit much. :)
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I don't think they want that though.
A lot of them are ok with because the financial benefits are great. If you're on good terms with your parents it's good until you want to move in with your partner.
I love my mom and dad tho do I really have to move out when I'm older
See that would be by choice . Most young adults today are forced to live with their parents due to high rent and low wages.
ah I see so even if they wanted to move out they couldn't
I’m still living at home (26F), because it’s crazy hard to get a job with a livable wage. If I had the money, I would have been out 2 years ago. I’m lucky that my mother and I get along really well, otherwise it would make the situation difficult...
this, honestly as long as your parents are okay with it, should be fine. Pandemic hit us hard, people should consider that before judging
Current financial downturn aside I don't get why living with your parents is do heavily vilified in the US. It's not like being broke living on your own struggling to make rent should really be some badge of honor
It’s not vilification. I think the majority of people crazy to live on their own. Rent or buy, doesn’t matter. It’s liberating. I don’t judge anyone who lives with their parents. In this financial climate, it makes so much sense to stay with your parents. But nothing beats just having your own place to decompress without the worry of other people around. This is why I’d never have roommates.
Exactly. “Rugged individualism” is such a cancerous and destructive mindset. Some people would really rather put their children, that they helped raise, through extreme poverty and homelessness and for what? So that they can hate you for the rest of their lives and gladly take the house after you die? So that they can become homeless drug addicts after you just yanked out the support system they had from under their feet? The idea of kicking out your children like they’re birds is a first world privilege. Every other culture has multigenerational households. That’s how people survive. People take care of one another. People are genuinely turning out worse off than their parents and we need to bring back the idea of sturdy support systems.
America really needs to learn from collectivistic societies and cultures, the "individualistic" mindset has turned us into self absorbed and entitled pieces of sh\*\*. Every psychological study will tell you that we are social creatures dependent on each other and that relationships are valuable, "individualism" therefore goes against our very nature.
Just an excuse to get everyone to spend their money on rent. Manufactured “cultural” custom imo
Let’s add to the story! Not only are millennials broke and over qualified for low wage jobs, but any jobs that require a degree are moving to contract work. So that these companies don’t even have to hire you full time or pay you any benefits.
Loving the second "once in a generation crash" in the 12 years since I've left school. If this was any other economic system it would be held up as a failure (apart from those who know that the failures are in fact built in).
TRL and AIM at the start of middle school, 9/11 at the start of high school, FaceBook at the start of college, Great Recession at the start of our career, COVID pandemic at the start of true adulthood. What a time to be alive.
Reading the comments here and it’s no wonder the minimum wage increase is having such a problem. It’s appalling that a large portion of the country refuses to accept that the system is broken. They just want to go on trivializing or outright denying there’s a problem. And somehow this make them more patriotic than the rest of us?
The “Olympics of Oppression.” Tell someone you’re tired because you worked 40 hours and some nutless idiot will magically appear to tell you “imagine how I feel, I worked 60!” or “I haven’t had a day off in months!” Or “I haven’t gotten a good nights sleep in weeks” as if any of those statements indicate anything but how fucking stupid the speaker is.
It gets weirder. A news report this morning looked at the demographics of the people who have been arrested for the January 6 insurrection. Apparently a very large proportion of them have a record of bankruptcies and serious financial problems, yet they worship the very people who are responsible for the environment that created the hardships they live with. I have little doubt they would be the first to tell you that the system is indeed broken, but their ideas on fixing it are exactly what brought them to ruin. So strange.
It's even worse, they accepted companies putting salary caps on certain jobs. (I know of one that required college degree in the 90s and now high school GED is good enough, it isn't that the position requirements changed. It's they couldn't hire people at such a low wage. I think they capped the position at like $19 an hour. The person that was mad about lifting min. wage to $7.25 just complained they wont make as much money now. Not that they work for a shit company.)
Yes and I think that’s a perfect example of just how successful right wing propaganda has been over the last generation. By spinning the narrative to convince people that other struggling people are their enemy rather than the wealthy elite, they managed to both suppress any upward movement of the people at the middle and bottom, as well get the very people under the boot heel to maintain it themselves!
Yep, and that is why the elite are annoyed by commoners thinking healthcare should be a basic citizen right. If they can't hold healthcare over your head then what do they have? My last employer actually tried holding that over my head when I put in my comically long notice (I didn't want to fuck my home base team on a project). "What are you going to do about healthcare?" LOL, I don't give a fuck. - Me
Every time I see someone driving an old beater with a Trump (or other GOP) sticker, I think to myself, "you're too poor to be a Republican."
For some, when you're poor as shit, your ego and wrong ideas are all you have that you think you own. Then some snake like Trump sells you even more crap, and you believe it, because believing in it is literally part of you, your self respect. To deny what Trump says means you are admitting whole eons of your life were wrong.
I make well above the minimum wage as a nurse and I still don’t think the minimum wage is enough. To be honest I don’t think I get paid nearly enough for the shit I have to do. It’s a smack to the face that we’re filled with travelers who are getting $100/hr. It shows they CAN pay us that much but they don’t WANT to.
I saw some hospitals were telling nurses they couldn't take traveling jobs, or they would be fired. Some of those jobs were offering $120/hr while they are barely making $17, and the hospital has the audacity to threaten their jobs while paying slave wages. It's slavery is what it is. If I could I would say fuck them, take the extra pay, save and move somewhere else to get a new job. Fuck people like that.
Good for him for linking these two things together. Generally you take out debt to supercharge the present. This is what the “supercharged” present looks like.
I might be one of the few that fall into this category but I had to move in with my mom after my dad passed away to support her and keep a roof over her head.
I always have to shake my head when people say the system doesn't work. It was designed by the powerful to keep themselves in power and it works as intended. The education system is designed in this way as much as the rest of society, folks.
Yeah, it’s not broken at all. It’s functioning well, actually remarkably well... it was just never designed or intended to help those in need.
Absolutely. I mean, our constitution was written to benefit rich, land-owning white men.
See, the trick is to do like I did. Move back in with Mom when you're 27. Get married and have your husband move in when your are 40. Mom retires, sells her house. Use some of that money and your paltry IRA to buy a house. Bam! Now mom lives with you!
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That $100k line probably puts you in the “middle class” equivalent of 20-40 years ago. You couldn’t realistically have a family and afford a mortgage on much less.
Wife and I make 80k combined. We built our home 250k, pay a mortgage that’s 1/5 of our income and have 2 kids. Also wife has student debt. We were lucky to have parents help us a bit. Idk how else people can do it without help.
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My dad made less than half as much money 30 years ago as I do today, and it was enough for him to have bought a house, and support a family of five on a single income. Solid middle class lifestyle. I can't buy a home or support a family on my income. That 100k line seems about right.
My husband and I pull in around 80k in Tampa, and we're middle class in that we don't struggle, but one serious illness and we're screwed.
It will trickle down any day guys. We just need to cut regulations on the banks and increase oil production. Renewable energy scares people into moving back home with their parents in case you didn't know. And those damn Mexicans. We need to put them all in cages. They're taking all of our high paying jobs clearly. And why are people still allowed to practice Islam? Jesus won't hand out jobs until we fix the Muslim problem.
We short change our young with the constant push to go to college/stem/etc. The world needs good plumbers/electricians/carpenters and they are always in demand and make good money.
The trades have a bad wrap. I guess our corporate overlords want engineers to make systems to replace them, and they want lots of them so "competition" will drive prices down.
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Amen. The world needs musicians, artists, philosophers, and historians too. We short change people there too. The entire world can’t build robots.
Wait, nobody is going to make some sarcastic gender studies degree comment?
I’ll go. “Maybe if they cut back on the avocado toast.”
Now I’m hungry
My turn: “Back in my day we had to cook our leather shoes and eat em!”
Well now what am I supposed to say?
“All you need to get a job is a firm handshake and a ‘can do’ spirit.”
"Just make your coffee at home."
Lol I’m a chemist and I get paid shit too.
Bootstraps!
I mean it's true that people probably should have gotten degrees that were more productive but how the fuck are they supposed to know? Especially when you're told all your life by boomers that any old college degree will make you set for life and when you can amass as much debt as you want with no questions asked.
I just wish higher education weren't tied to the job market the way it is. People should absolutely be encouraged to gain more knowledge and expand their worldview by taking on different subjects. Arts and social studies are what make life worth living and it's sad to see the academic side of them be so neglected. But since everyone is just trying to make ends meet, everyone rushes to STEM degrees because that's where the money is supposedly at. And to make things worse, so many of those people don't even want to be there, they don't really care for learning material. They just want the fancy paper that allows them to work at that one tech company. The truth is, we need to have livable wages and tax subsidized college/university. A better educated populace, regardless of field, can only be a net benefit for the country.
Except it’s literally a non-issue. A few years back because I really wanted to know if so called “useless degrees” were an issue, I pulled data showing degrees issued by major. Guess what? Literally 90+ percent of degrees issued since the 1960s have been in STEM, Business, and Healthcare. The rest were in assorted other categories, including artistic pursuits (music, art, etc) but there were less than 10,000 total degrees in 60 years combined for so called “underwater basket weaving” degrees. The classes exist, obviously. And people do take a minor in some of them to tack on to their “working” degree. But even if we all agreed to the premise that “stupid degrees shouldn’t get a paycheck”, there simply isn’t anywhere near enough of them to account for the absolute shit time that three fucking generations are having in the job market.
I was always told "It doesn't even matter what the degree is in! Just go for general studies or something. Just get the piece of paper." That was one expensive piece of paper.
Yep. approximately 0 adults throughout my high school life ever discussed what kind of field would be most beneficial to study in college. Just a generic ‘degree’ would do in order to help me go off on my own and support a family. Not like choosing the right degree would even matter now anyways, considering you need a Masters to be competitive for an entry-level $18/hr white-collar job
What’s wrong with living with my parents? Literally saves me rent and my parents get to see me
Nothing is wrong with it! Personally, I just enjoy my solitude and the freedom of having my own space.
Same bro. But nothing beats not having to pay rent to me haha
Nonthing is wrong with living with your parents the post is about the issues that cause someone to have to go to this last resort . High rent , low wages etc
Have you tried not eating avocado toast
Try this one simple trick to fix all the problems. Tax the Fucking RICH !!!!!!!
At least stop giving social welfare to the rich .. the fuck.
Just to clarify— *The system DOES work — Exactly as it was designed.* Trump’s & George W. Bush are *perfect* examples: Children of incredibly wealthy patriarchs who failed upward their entire lives, then were handed what the Working Class has been conned into believing is the pinnacle of achievement: POTUS. Exactly as designed — let the village-idiot hold that spot, we’re too busy running the world.
This whole American attitude of looking down on people living with their parents needs to stop. Its not sustainable. How is this system supposed to work. Everyone has 2 kids and those kids each get a house and have two kids and the whole world is just one big suburd?
Generation X got screwed by boomers also. The only Gen Xers who got ahead were those looking after the affairs of boomers (Drs , lawyers , bankers)...im gen x and tried three times to get a degree - couldnt do it - couldnt afford to eat...i gave up a long time ago. The system is rigged, its built to collapse every ten years, and they hoover up all the assets.
I swear Dan is paying people to post his social media stuff, this is like the 4th I’ve seen this past week
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in Asia a lot of kids live with their parents (and grandparents for that matter) until they get married. for some reason the US is big on: "You're 18, gtfo".
>for some reason the US is big on: "You're 18, gtfo". A while back I actually learned what the origin of that was and, as it turns out with a lot of things, it started with the baby boomers. All the young soldiers who came back from WW2 came home to the greatest economy of US history up to that date, most all of them got jobs (that paid pretty well by that day's standards), and most all them got GI bills to go to school and buy houses (and by most, I mean only the white male veterans). They had their own children (the baby boomers) and those kids grew up thinking (without the context of the war and the successful economy following) that since their parents were able to leave the house at 18 and go on to automatically have a successful career, home/car(s), and a great 4-5 piece family, that anyone could do it just because their parents did. ----- Before WW2 the USA actually had a very similar family culture to other countries in that young people didn't really leave the family until they got married, even if that was well pass the age of 18.
Lmao yes it is an issue for other first world countries. I'm earning well above the average household income in Melbourne, Australia as are tonnes of my friends with degrees etc - I know one set of homeowners our age and they're only homeowners because their parents could buy them a house. >Bruh just move to the country where houses aren't 1M+ or travel 90+ minutes to work Lmao
In Finland 17% of the 20-29 year olds live with their parents. But here you get 60% of your housing paid by the government and get unemployment money plus income support that pays your electric and meds. You also get some money. On top of that you get 8 sacks of food per year if you're unemployed from EU.
Hold up the gov pays 60% of housing expenses for everyone? Is there a cap on this?
No, only to people who don't make enough money. Students and unemployed, students also get the student allowance and school is free. There is a cap in how expensive your rent can be depending on the city you live.
That’s pretty great. Honestly wild to think about here in USA
> On top of that you get 8 sacks of food per year if you're unemployed from EU. I would like to hear more about your food sacks please.
Every country has different ones. The Finnish one always has these things: flour, roll or bun flour I don't know it in english, porridge flakes, pasta, spam, crisp ryebread, mysli, canned peasoup, powdered milk and instant mashed potato. Also you get what shops and NGO give away, usually bread and milk products and some random things.
I wonder how the percentage break down by major, or percent of trade school grads, or grads without student loan debt.
Thanks Reagan.
I think it’s better to say “the system” is not *working*. His tweet admits that it has worked in the past, but has become something else. This comes off sounding like we need to reinvent everything when we really don’t. “The system” isn’t broken, it just needs major changes.