Originally Posted By burkeva:
Oh look more wealth rabble rousing by leftists. How refreshing.  The truth is the current generation refuses to put in the work and only wants the rewards.

Originally Posted By DDDDCheapAF:
Fuckin crybabies . What about boomers grandparents or their grandparents ? What could they get ? Bitch less , nobody cares and nobody ever got shit sitting around crying about some other  generation.

Originally Posted By Cataly5t:
Gen Xer here.  I recall as a lad the story of the high school PE teacher buying a house a few blocks from the beach in San Diego for some absurd amount (< 50k) in the 60s, stay at home wife and putting 2 kids through UC schools.  Now that home is worth probably 3-4M, but even when I lived there 20 years ago it was a million dollar home.  I did the math and figured since I had gone about as high as I could in my organization (academia), I could work my entire life at that position and never be able to live in areas like that.  Thankfully I saw the corrupt game for what it was and found greener pastures.

What most fail to realize is college costs spiraled out of control due to the huge benefits packages given to faculty and staff.  Those gold plated pensions would make most in the private sector fall over.  When the demographic and economic worm turned and those pensions went from overfunded to underfunded the solution to make up the difference was to increase tuition.  It tripled when I was in school and myself and most of my friends had to bust ass to get out ASAP and that was decades ago.  I didn't know anyone on loans, I don't think there were lenders dumb enough to lend to idiot kids back then - without a government backstop.

And don't get me started on health care costs.  This country is fked.

Originally Posted By midcap:
boomers also didn't need any skills for those min wage jobs......throw a boomer at a min wage job now and they would be lost and couldn't keep up. Computers and shit.

I would also like to point out to ya'll knuckle heads that it's Republicans, especially the Regan, Bush types that sold everyone out in the name of cheap shit and cheap labor.

Originally Posted By JLPettimoreIII:
@eagarminuteman

i've told this story many times before but here we go.gif

i used to work with a bunch of useless jagoff b**mas who were so proud of themselves for buying their first house in 1988 five years out of college for $30k.

i googled the (brand new stahtah home at the time in a decent area) house from 1988 and naturally that's a (piece of shit beat down shitbox little house in a not great area) $600k house today for... reasons.

one of the useless FUPA b**mas wouldn't shut his fucking gaping cockholster so i finally snapped and asked what he was making in 1988.

FUPA b**ma:  $15k.

so that's like me five years out of skool making $300k/yr and buying my first house for $600k.

little does dumb motherfucker FUPA b**ma realize that adjusted for inflation/whateva i'm making a fraction of what he made.

same guy, same qualifications, same skillsets, same company, same job.

just 30-40 years later.

goddamn.

Originally Posted By sirensong:
i probably don't have to say it on this forum, but this is a direct result of democrat policies that claimed to be helping the poor.

Ds: "let's drastically expand the scope of federal student loan guarantees, remove the limits on how much you can borrow, and wildly liberalize creditworthiness criteria."

Rs: "that will have an inflationary effect."

Ds: "you racists."

Originally Posted By Ozgur:
Well actually, I had to work full time and go to college part time in order to be able to afford it.  It took ten years but I finished with a degree.  I could have borrowed money to go full time but that would have been stupid.  I had more sense to not go into debt to learn.  If it was a choice of taking on college debt or working than I would have not gone to college.

By the way, there would have been no way to pay rent, utilities, purchase food and go to college on minimum wage.  I was able to do all of it but it took earning union wages in order to do so.

Originally Posted By Frank_B:
College was pretty much pay-as-you-go back in the late '50s - early '60s unless their folks were well off or they got an athletic scholarship.
Parents started saving at birth and kids joined in when they were old enough for a part time job. Summers were spent working full time.

Almost no one wasted money on worthless 4-year degrees, most went to trade schools or community colleges for 2 years.

Originally Posted By sirensong:
i probably don't have to say it on this forum, but this is a direct result of democrat policies that claimed to be helping the poor.

Ds: "let's drastically expand the scope of federal student loan guarantees, remove the limits on how much you can borrow, and wildly liberalize creditworthiness criteria."

Rs: "that will have an inflationary effect."

Ds: "you racists."

Originally Posted By midcap:
boomers also didn't need any skills for those min wage jobs......throw a boomer at a min wage job now and they would be lost and couldn't keep up. Computers and shit.

I would also like to point out to ya'll knuckle heads that it's Republicans, especially the Regan, Bush types that sold everyone out in the name of cheap shit and cheap labor.

Originally Posted By JLPettimoreIII:
in on this fucking shitshow.

https://www.ar15.com/media/mediaFiles/253414/ezgif-5-89578825dc_jpg-3167121.JPG

Originally Posted By JLPettimoreIII:
in on this fucking shitshow.

https://www.ar15.com/media/mediaFiles/253414/ezgif-5-89578825dc_jpg-3167121.JPG

Originally Posted By KILLERB6:
This forum is far more liberal than you think.

Originally Posted By wookie1562:

You should see the leftists clamoring for their welfare handouts when we talk about shutting down medicare and social security. Commies pervade this place.

Originally Posted By Gspointer:

I bought transmissions from the junk yard. Thankfully they had a 30 day guarantee since it seemed the first one never worked. You couldn't rent a Jack but a turbo 400 only weighs about 150 lbs. I actually got to do 1 in a garage, that was awesome!

Originally Posted By sirensong:
i probably don't have to say it on this forum, but this is a direct result of democrat policies that claimed to be helping the poor.

Ds: "let's drastically expand the scope of federal student loan guarantees, remove the limits on how much you can borrow, and wildly liberalize creditworthiness criteria."

Rs: "that will have an inflationary effect."

Ds: "you racists."

Originally Posted By eagarminuteman:
I've been told this is solely the fault of avocados, iPhones, and lack of bootstraps. Now hand me the 13mm socket so I can take this alternator off.

Originally Posted By midcap:
boomers also didn't need any skills for those min wage jobs......throw a boomer at a min wage job now and they would be lost and couldn't keep up. Computers and shit.

I would also like to point out to ya'll knuckle heads that it's Republicans, especially the Regan, Bush types that sold everyone out in the name of cheap shit and cheap labor.

Originally Posted By eagarminuteman:

"Wealth redistribution is bad unless I'm the one getting the money!"

Originally Posted By fxntime:
Pay your debts.

Originally Posted By killstick_engaged:
The American dream was nothing but a post-war boom.

Once you realize that everything that follows after is much easier to understand.

Originally Posted By JLPettimoreIII:
@Trunalimunumaprzure

of course gigachad can bench press a fucking transmission into place.

how stupid of me to think gigachad would need a transmission jack.

Originally Posted By rtlm:
First real job (1984-1985'ish) after high school was offshore oilfield.
Made "about" $25,000 per year, working only 6months per year.
Was young, stupid, partying, and hit the bars chasing women, bought toys, new truck, motorcycle..etc

I didn't save a penny, when the crash hit, I was making way less and learned a lesson.

In hindsight I would probably do the same again, it was an awesome 1.5yrs full of awesome memories

Originally Posted By Gspointer:

Couldn't rent a Jack, couldn't afford to buy a Jack. I'm no Chad, just an average guy for the time. Apparently I would be a superhero now. I had no idea how far the younger generations have fallen.

Originally Posted By runcible:
It's actually kind of sad, how much the world sucks for Millennials.
And their children? Fuck, I don't even want to contemplate the Orwellian hellscape their America will be.
Sucks to be born in a dying empire.

Originally Posted By Cascade-Dude:
I don't know a single boomer who borrowed money to go to college.

Originally Posted By rtlm:

Never heard that, shit was so real..

Originally Posted By apexcrusade:



All boomers?  You are making an absolute statement?  Absolute statements rarely hold up under the slightest of scrutiny.

Originally Posted By ramairthree:
There will be a ton of rage/denial.

Boomers say stuff like-
I worked part time and construction in the sun all summer for minimum wage and paid of my own damn college and rent!

When you say something like,
Well, when you were 18 in 1968 minimum wage was 1.60 (15 bucks in today’s dollars)
A year of tuition and fees at State U was $400.  (3500 in today’s dollars.)
Rent in the off campus housing apartments 2 miles away was $70.  (About 600 in today’s dollars.)
You bought a used Ford Bronco that left the factory 3 years ago, had 20K miles on it, for $1500. (13K in today’s dollars.)

When your son went to the same school in 1994 minimum wage was 4.25.  (About 9 bucks in today’s dollars.)
A year of tuition and fees was about 13K in today’s dollars.
The same apartments were $800 in today’s dollars.
They bought a 1991 Bronco with 25K on it for about 20K in today’s dollars.

For your grandson, minimum wage is 7.25.
A year of tuition and fees at the same school is 20K.
The same apartments start at 1800 a month.
A three year old Bronco is 40K.

And…
The median household income in 1968 is about the same as today corrected for inflation.
But…
It was majority single income households.  And the majority of dual income households one was part time.
Now it’s majority two income households.  And the majority of second incomes are full time.

Plus…
A new college grad had an average starting income MORE than the median household income, not less like now.
Additionally, they had about a 70% chance of full medical insurance and a defined benefit pension.

And, when you made it big and bought that big beautiful home on the lake in 1978 with the huge yard, great neighbors, no crime, a short commute, and wonderful schools…
For 65K at 10%
You put 6.5K down,
And paid about $510 a month.
In today’s dollars It was about a 300K home with a 30K down payment and a monthly 2400 payment.

The clone of that home in the same neighborhood, for your son in 2004,
In today’s dollars- was 500K with a 50K down payment - and at 6% about a 2700 monthly payment.

For your grandson to buy it now - one of those same exact homes- also at 6%,
It’s an 800K home.  So put 80K down , then pay about 4300 a month.

This is not even counting higher insurance, property taxes, etc.

You can TALK about your high interest rates and crazy inflation numbers-
And how young adults and families would be just fine if they weren’t wasting money on avacado toast, Starbucks, and iPhones, -
And how your Bronco didn’t have AC, and a new one will last longer, and we can get a tv for 87 dollars, etc.

But as someone born in the 1960s but a few years too young to be a boomer-
That started out poor rural working class and built a pretty nice life-
I will look you in the eye and tell you that you are full of shit.

Young adults and families- good hard working people- the ones that are just like some of us that kicked ass - are economically getting their shit pushed in compared to what it was like for us.