Quote:
Originally Posted by CliffFletcher
Before Millennials came of age, as soon as someone earned enough money to pay for a 1/2 or 1/3 share of rent in an apartment, they were out the door. Now, you have young adults earning 40-70k a year and not paying rent, bills, or groceries.
So both groups are right. Boomers had the big things in life easier due to the post-war boom. And many Millennials enjoy a lifestyle of consumption that was unthinkable 30 years ago.
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That’s not really true though, and it’s skewed because “1/2 or 1/3 share of rent in an apartment” is a significantly higher percentage of income today than it was however many year ago.
The majority of millenials don’t enjoy this lifestyle. I believe the number is 1/3 young adults who live with their parents (not discriminating between those who never left and those who had to move back). That number is further skewed by major metropolitan areas where boomers have driven up the price of housing to unattainable levels.
The big difference here is that when boomers were young, they had access earlier to all the things their parents had and more. Millenials don’t, not even close. The consumerist culture is not exclusive to millenials, boomers partake in it as well, the different being: they get to afford that AND all the major things in life. Millenials are simply forced to play by the rules boomers created to their own benefit with little regard to future generations. So, young generations are left to clean up the mess.