Quote:
Originally Posted by blankall
The issue is that everyone in the younger generation is expected to take a huge step back.
If you are a hard worker, good saver, and find a big income, you should be able to do quite well with that 30 years ago, but will now find yourself at the bottom.
Once again, we aren't talking about people in their early 20s, who spend too much, not being able to afford basic housing. We're talking about people in their late 30s, who've spent a decade working. Do the simple math. If you're a teacher, a nurse, or fireman, making $65k/year. How much can you realistically save after taxes? Now compare that to the average home price in various neighbourhoods.
Even if you never had a coffee in your life...although the concept of a middle class person not getting a morning coffee is something new....I can assure you coffee shops, diners, etc... existed well before this generation and were always well populated.
|
You seem to blame everything on Boomers.
There absolutely were NOT coffee shops in the 60s and 70s. Diners? Sure. But the idea of spending $4 (in today's terms) for a coffee would have been obscene and highly ridiculed back then.