How Gen-Z "Became" the Poorest Generation
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Yes, they "became" poor. Because they were supposedly very wealthy before, but through their own "laziness" they "became" poor ... right? It's not like they were given scraps from the start, or born into debt sowed by Boomers in 2003 through deregulation, two forever wars, unlimited national debt, and a growing wage gap wider than the Grand Canyon.
Nah, they're just lazy. Obviously.
Sorry, bud. Try saying it another way?
Wait, we have a “community filter”!? That’s the gayest possible thing we could have.
blame the spamers is all i can guess... still a reddit move.
Z and even young millennials were economically raped before they they were born because of the excesses and degeneracy of the boomers and gen X, but let's not also ignore the fact that a huge percentage of millennials and gen Z are useless fucking dipshits who cry first and have panic attacks working a full shift at fucking starbucks.
I mean how mentally well would be being born to parents who actively ruined your future so they could eat candy?
our manufacturing base was sold off overseas and what was left has been wage depressed with endless foreigners.
said endless foreigners put strain on everything causing prices to go up.
the government is too busy playing kabuki theater with fake numbers and gay money.
Goes all the way down to kids looking for summer jobs and getting some experience. It's bitch work but we all start somewhere. Now it's all illegals and H1bs taking those jobs.
What do you mean going $250k into debt and spending four years for a degree in gender studies was a bad investment? This is genocide!
I looked up the first house I bought in the late 00s on Zillow. Plugged that number into a mortgage calculator at current rates. Plugged my salary at the time into an inflation calculator and then plugged that number into a take home pay calculator.
At the time my mortgage payment was ~30% of take home. Now it'd be ~70% (and of course the larger down payment would take longer to save for).
I looked up the current rent on the shithole apartment I was living in just before I bought the place, plugged that number into in inflation calculator. Rents for a bit above what my mortgage payment was, adjusted for inflation.
So objectively speaking, someone in my exact position today (CS degree, good job) would be worse off than I was at the time.
At least my Boomer and GenX coworkers were sympathetic to how "crazy" housing prices had gotten. Now I guess we've decided it's Zoomers' fault they're even crazier. Another way they have it worse...
Yeah, it's the same in Europe too. I bought an apartment about 6 years ago, my mortgage is laughably low now compared to current rents in the area and in the meantime the place appreciated by at least 100%. My salary is around the 90th percentile in my country, but if I was buying now, there's no chance I'd ever save up for the 20% downpayment (+5% realtor's fee). It's not even a particularly nice place, it was a brand new building but it's still a 60m2 flat in a gypsy ghetto.
2 of my cousin's kids are young adults now and unless something drastically changes, they'll never own a house or a flat, there's just no way.
And then everyone wonders why the birth rates in so-called developed countries are so low. Surely importing another million illiterate sandniggers will help.
My first house was "drive 'til you qualify" too.
It makes perfect sense to me why people are either dropping out or going all-in on highly speculative things like crypto. When possible outcomes are flattened, your best options are to not play the game or to shoot for the moon. Anything else is a sucker's bet.
Millennials were only the "poorest generation" in their early 20s then they catch up. I'm sure the same is true for younger kids.
A large reason for this is that their parents live longer so they inherit wealth later in life (especially true for super-wealthy that distort statistics like this).
Yes, the age expectancy has been mostly stable recently, but wealth now takes a long time to inherit and you should compare boomer's expectancy vs their parents' (boomers' parents lived 20 years less long vs parents of kids today living 10 years less'). In other words, millennials were inheriting wealth 10 years later than boomers did. Boomers' parents expectancy was about 50 years so their kids in their 20s were fairly likely to have inherited something already.
College loans are also a factor for kids in their 20s, but they're a much smaller one (about 1/10th from my rough estimate).
Between inflation and terrible life choices because gen z is full of retards, I'm not shocked.
The youth of every generation is retarded. This is as much a failure of the older generations to guide the youngsters.
“ Everyone's ashamed of the youth, 'cause the truth look strange And for me, it's reversed We left 'em a world that's cursed, and it hurts ”