Boomers(boomer generation) got to buy houses for 20g, then sell them for 1000+% gains,,,pretty much every asset you can think of

They were able to raise a family on a single income, nice cars, nice house, nice vacations, and send the kids to college

All the while governments(boomers) racked up massive unsustainable debts, and kept kicking it down the road

today’s(tomorrow’s) generation’s are going to have to deal with,,,

Covid was the worst,,,,,lock everything down. Give everyone free money. Must protect grandpa/granma




Pre boomers generations,,, it was always “women and children first!!”

large majority of boomers had and will brag about life on easy mode how cheap and low cost stuff was how everything was peaches and rainbows....then flip around a nd talk about how hard and blah blah.

One minute your telling me about how easy life was next you tell me how hard you had to to struggle, then your telling me how expensive and crap everything is now , then you tell me o just gotta work harder back in my day I bought my house after working in a jimmy John grocery store for a summer ....
Seems about all most of them can do is whine and moan about this generation not knowing anything about hard work . and yeah maybe a percentage of them actually had to legit grind but a majority didn't. Cheap housing , cheap , gas cheap everything , so yeah your grind of minimum wage could actually do something but now not the friggen case

Legit talking to most of them is like talking to the manger so is all ears and happy when you going on about what you did but when it comes to them they stick there fingers in their ears and go "LA LA LA I CAN HERE YOU JUST WORK HARDER" it's honestly like talking to a child half the time... because again one minute you legitimately explaining how much easier stuff was for you then you flip around and go , well it's not different today just work harder like.....

also something alot don't see to understand boomer is more of an umbrella term now then just dead set target . Just like how a lot of people will call anyone who doesn't take joy in working themselves to death to afford to live as a liberal snowflake whatever the buzz word of the day is

O and don't get me started on how we had two generations pushing. Us to go to collage . Gotta go do it , don't wanna be digging ditches your whole life ! No you just need to go at least for the experience who cares about debt

Anyhow now I wait for the " well I never " something some democrat something. Something millennials just don't wanna whatever

If only you would've just listened better .....lol

Close, I paid 25k for my house.
Never heard me say kids won't work tho.

I think a young persons biggest fault is not listening to the older generation, me included I was the same. Wish I would've listened more instead of thinking I knew better, and I see it here.

Wolfie while I agree with spjones that monetary policy and unregulated money printing and unfunded liabilities has put a burden on future generations if say your being a bit dramatic. When I got married I was making 8 dollars an hour and mortgage rates were 7 percent plus. I'm a tad to young to remember the double digit rates of the 70s.

I agree with you it's tougher now but it's never been easy.

Nobody takes much joy in work themselves to death but that is what is part of what it takes. Working 40bjours a week is for suckers.

From what I can see it's what it took for the boomers, Gen x, Gen z, millennials. Those that I see aren't afraid to put the hours in and make sound financial decisions seem to be ok. I have three guys that work under me that are below the age 30. I tell them all the time if you have a work ethic, some common sense a little ambition and leadership abilities you can write your own ticket.

Another thing I wonder is if kids realize how much it costs to own a home. Sure I didn't pay near as much as my home and properties are worth but after owning for 20 years the upkeep, taxes and insurance don't leave a lot of profit

I'd have been exponentially better off putting the mortgage check in an IRA

It’s not all doom/gloom for young people(all people) in today’s world

We are on the cusp of a massive technological shift,,,,,,AI/Robotics/digital revolution

Technology is by nature deflationary

Study bitcoin!!!! Get off the fiat system and on the bitcoin standard

Today’s btc price is 117g,,,,,,in 10 years .1 btc is going to worth ALOT. 1 btc will be life changing!!!!

Boomers had it easy...sure., Everything was cheap...sure....compared to now.
You forget what the salaries were like in the 70's, the interest rates, the minimum wage, ...yeah, a small house was 25g, but the mortgage wasn't pocket change..then.

you can't compare generations without comparing everything...I know, I was there, it's NEVER been easy.

Seems to me the younger generations are soft and like to whine a lot...when they're not staring at their phones whining electronically. LOL

Everything in life comes down to a want or a need, the ability to determine which is which will change your future. Work ethic is also very important when it comes to having what you need in this world. I help build roads and bridges for a living, the constant complaint is "we cannot find more help", where are all these struggling young folks at??? A real job can suck, not everyone is a digital content creator or onlyFans model.

Yes!

Gen Xer here.

Proof positive !!

Good come back Wolfie. You are cementing these guys positions

Young Baby Boomers and Gen Xers are responsible for the kids being soft and lazy.

Too many of them put their kids' happiness and them being friends over raising strong, productive and good people. They also threw their kids in front of a screen.

I interview, hire and try to manage these 20-30 something year olds. Some are great. Most are not.

In full disclosure, I pushed my kids hard, held them accountable and worked them like Egyptian slaves. Time will tell.

I get it. The economy has changed. Hammer down and succeed.

Hammer down and succeed is the way it's always been for sure.

I'm a young Boomer, born towards the end of my generation. My kids are Millennials. They were raised similar to what BC describes. If they wanted something they worked for it. I remember my youngest mucking horse stables at an early age in exchange for riding lessons.

They were taught to set goals and work hard to achieve them.

It seems to have paid off. This next bit is just shameless bragging about my kids LOL:

My oldest wanted to find a job where she traveled the world. She is a Foreign Service Officer working for the State Dept. and has achieved that goal. She has visited and lived in many countries including Italy, Qatar, Nicaragua, Austria, Russia and is currently stationed in Santiago, Chile.

My middle daughter and my son-in-law run a very successful paving business that they started from scratch. They are both very hard workers.

My youngest had a sweet job as a Level III Planner for Coca-Cola until the job was moved down south. It was a major set-back but she'll bounce back. She is currently working three part-time jobs and putting herself through nursing school. And raising a kid as a single mom.

Okay, shameless bragging over.

I don't know what name you would put to my generation. Never did pay that much attention except I'm pretty sure I'm too young to be a boomer. I was born in 1979. I do know that every place I go into these days has Help Wanted signs on the door. And they are offering what seems to me to be high starting wages and can't find workers. The fast food joints are offering almost $20/hr starting! There sure are a lot of people who don't work any more and are on some sort of dole. And they seem to have an awful lot of toys and possessions in general for not earning money. Now I understand that not everyone needs to be a wage slave, but you need to be responsible and frugal, and set your priorities if that is the route you want to go. I haven't worked a wage job in almost twenty years, but I've never taken a government handout either. I started working when I was young and after I got out of high school I spent a lot of time working out of town and putting in real long hours. I never did make $20/hr, but when you are putting in 70 hours a week and the boss is paying for your food, lodging and fuel you can save some money if you don't blow it down at the bar. I had managed to save enough to buy myself a piece of property and build a house on it myself by the time I was 25, without going into debt. Since then, by being frugal I have managed to live how I want, I don't have one source of income, I have several part time sources, and I work hard at them when I work and have lots of time to do what I want (plus most of them are things I like to do). But if you don't have a steady paycheck coming in every two weeks you need to know how to budget and not spend money you are going to need to live on the next three months, because there may not be any more coming in for that long. That is something nobody seems to teach or learn these days. Practically everybody you talk to is way in debt. They may be living in a half a million dollar house (which boggles my mind, what kind of small to average house sells for that these days) driving a new truck and pulling a new side by side with it, plus the new camper and boat parked in their driveway. But everything has a loan on it and they are living paycheck to paycheck with no cushion to fall back on except the government.

Good points bearcat. FYI, you are part of Gen X.