See! You’re not THAT poor. Just give it another few decades!
mocked at times for being perpetually behind in building wealth
but that was you guys who did that. you know that, right? it’s important to me that you know that.
Is this the beginning of the framing of “Look how good you have it. You don’t need to murder CEOs.”?
Trump is coming to power again, so the WSJ has to switch back to selling the idea that everything will be okay.
Maybe if we just go around shooting everyone whose better off that ourselves then one day we’ll all be equally poor and miserable.
Wasn’t Thompson living in a different house than his wife and on the way to a divorce when he died? That’s not better off, that’s just richer.
Ahhh they surely saved from not buying avocado on toast.
All they did was stop their once a week Starbucks and they became executives!
Stop it! The avocado toast shit is so old, my wife’s mom repeated it like it was a clever joke two years ago
Spoken like someone that’s a little too attached to their avocado toast.
Guilty as charged. I buy $4 avocados in the winter because I’m rich as fuck.
Not really. I buy them when they’re $1 or less, in season. I’ve never even made avocado toast for real. I cut them in half, score them, then squeeze lime juice on plus salt or Tajin. Scoop them with a spoon. So delicious.
The entire article is more than mildly infuriating. They’re interviewing the well connected and winners of the economic lottery. Furthermore there’s no mention at all of what that period of depressed earnings does to long term financial gains. With bias like this I don’t even trust their numbers for things like adults reporting they’re doing okay. Another day, another bullshit piece of economic propaganda.
Article: https://archive.md/Gr6qG
Basically: got to buy a house early as opposed to most of us ( probably with parents’ help), got lucky on the stock market (because he wasn’t spending everything on rent), and works as a CFO somewhere.
Definitely not in everyone’s reach here.
and their examples are absurd;
brent royer got a 40% raise when he left one job for another, which is not a common occurence
and andy holmes basically moved back home and got a $90,000 home and flipped it to be worth $300,000 while investing in the stock market.
But maybe that could happen to YOU, so don’t pay too much attention to how much you’re getting screwed, because you’ll totally be a CFO in just a few more years of work!
Hell, I might be a CFO now and I’ve failed to notice! Hold on, let me check… No… No, I’ve just managed to burn a microwave dinner again.
Yup we just need to travel back in time, attend a select private university, have parents who can give us a living space until we save up for a house, and get a job directly into the C-Suite off the networking from that private university. It could totally happen! We don’t need any workers, everyone can be in the boardroom!
Ok, lemmy crybabies. Me and my millennial friends all graduated from a university in Europe. None of us were born rich, but we’re all well-off now. By now everyone lives in different country, works in a different field, but literally everyone can afford a mortgage, a car, a ski trip, and maybe for their partner not to work for a few years if kids would be born.
Yet, imagine that, nobody really planned for their career to be lucrative. People just did what they thought was interesting and did it well. Only one dude was after money. He went into banking and now probably makes close to a mil annually.
I reiterate. All that was necessary for a financial success was to find an interesting job and do it with passion. To me this sounds like a communist dream.
And yet lemmy keeps telling me every day that it could only be possible if all of us were born rich, or sucked to corpos or whatever. You’re just a bunch of sore losers, lemmy.
Enjoy your holidays and think about your life choices.
How much are you paid to troll? Just curious. Sounds like an interesting job I could do with passion.
Or do you just say dumb shit for your own sexual gratification?
Yeah where do we find these interesting jobs? Is there a guy handing them out somewhere?
Wow, it’s amazing g that you and your friends are a globally representative sample of millenials, despite all going to the same university. I wonder what would happen if different people have different life circumstances? Well, good thing we don’t need to worry about that since you and your friends are doing okay.
I choose to believe they are a troll, because I still at times need to convince myself someone isn’t actually that maliciously ignorant.
Europe, lmao
Yeah, because their parents are dying and leaving their kids an inheritance.
Y’all got an inheritance? All I got was a funeral bill.
my parents asked me for loans
:: cries in having poor parents ::
@scrubbles Let me correct this one for them:
Millennials — long mocked for being locked out of the housing market and postponing major life decisions due to their financial position — are finally starting to inherit wealth.
Well, as long as they’re middle class.
Many princes and princesses of the top 10% already had parents willing to be guarantors on mortgages, or just outright give precious a trust fund.
And working class millennials are already screwed, and will be for the rest of their lives.
But for 40-something middle-class Millennials, their 70-something Boomer parents kicking the bucket is providing an unexpected financial windfall.
My parents have been very clear, there is no inheritance. I love them but when we were young adults they bought into the idea that getting college degrees would set us up for life and they decided to coast on their early retirement instead of buying property and getting real assets to hand down.
I know everyone thinks they are middle class, but If your parents are giving you a trust fund you are probably pretty solidly in the upper class, not middle.
@jrs100000 You’ll note I said “princes and princesses of the top 10%”. As in top 10% of households by income.
Those Millennials are set.
The middle class Millennials are now starting to inherit property.
And the working class Millennials? Screwed.
All Im inheriting is debt…
Are you American? If so, know your rights. Most debt cannot be passed down to surviving children. If the amount of debt exceeds how much their estate is worth, the lenders are not entitled to you paying them. They will try to make you pay, don’t do it! Do not give them even one penny or agree to anything, or you will have then “assumed” the debt and now it is yours.
The exceptions are loans where your name is on them (joint or cosigned iirc) or medical debt in certain states with filial responsibility laws.
With ya there.
after 30 years I thought the house was paid off. Nope. Now I’m in 5 way inheritance battle over scraps waiting to happen.
Guess I missed the memo
Titles accurate, I thought I’d have some stability by now when I got out of college
brainrotting the middle to late gen a is a problem too! /j (mostly)
