Everyone and anyone can participate in the capital markets/capitalism,,,, nothing holding anyone back

Nothing has lifted more people out of poverty than capitalism/capital markets

Everyone has benefited from it

Full stop!!!


What OB is missing,,,,,,is GOVERNMENT DEBT

Government debt(bail outs, stimulus, etc) is at all time highs across much of the world

Eventually it will crash every thing down,,,,,

But.... but... but..... the stock market is at all time highs so bailouts must be good.........

There's gonna be a lot of people in a world of hurt when this house of cards comes tumbling down. Admittedly, probably myself as well, but at least I can see the risk and won't be blindsided when it comes.

I agree spjones but I would add taxation to something holding people back but that goes hand in hand with debt. People have no idea how much they pay in taxes as most of them are "hidden", sales tax, payroll tax, property tax affecting their rent, etc

Let me correct you...you have 30 year olds that buy $8 coffees on their way to work, get home and turn on their $150 a month cable TV, go out to eat 3 times a week, go to the movies or honkey tonk every weekend, drive $700+ a month brand new status symbol vehicles, pay someone else $80 to change there oil because they dont know how or are too lazy......the list goes on. Young folk cant afford housing because they are pee poor with their finances and cant decipher between wants and needs.... rant over

…. I got the sarcasm Ohio Boy

Boomer here. Born in 57. Grocery store in highschool. Full time Grocery 77/78. Moved to Alaska July 78. Wilderness trapper and summer work for pay 78-85. Aircraft mechanic 86 to retirement in 2022. Bought a duplex in early 2006 in Nome. 6% interest. 2008 crash didn't hit western Alaska like other places. Sold the duplex in 2012. Took the cash from the duplex and made a huge down payment on a house in Fairbanks in 2012. Employer bankrupt in 2020 but walked down the street and hired at a different aviation biz. Retired 2022. Doing OK. 2 IRAs. Wife retired with 3 or so IRAs. SSA monthly checks and some supplemental money. Still paying the monthly mortgage.
Life is pretty good. Choices/decisions matter!

Do you really believe the only thing holding young people back from home ownership is $8 coffees and cable TV? Do you think the prospects for the average up and coming 20/30 year Olds are equal or better than the boomers had it?

Honestly I believe they are better. Other than the housing thing right now...... but I think that will eventually improve some.... but not a lot. There is only so much land available......

If you can't afford a home, if you can't afford to raise children due to day care costs and other costs, if you are paying for auto loans as you need transportation for work, why not buy an expensive coffee, you can't afford much else right now. Wages are increasing but not keeping up with the costs that are rising, especially those that we have traditionally used as measures for establishing families and living in one's own home. If younger people are unable to aquire real estate it will also lower their wealth growth abilities too.

Bryce