There’s been much ballyhoo lately about cost of living and affordability in media lately (deservedly so, imo) but I’m curious how hard it is for those of us who are a little more capable than normies (we like to think).
Feel free to be somewhat vague. Not asking anyone to doxx themselves. I’ll start.
In my mid-thirties. Married, two kids. Combined income is just under 100k. We live in a low cost of living area which has helped us a lot. We were able to buy a house in ‘21 with a 15 year mortgage and it feels like we got on the last lifeboat off the Titanic. We’ve been able to build about a 200k net worth, about half of which is home equity.
Day to day expenses are getting tougher, however. We’ve never had a car payment but our older kid has started school and that has put a strain on us since he goes to a private Christian school. I’ve worked in education and I consider sending a kid to public school to be akin to child abuse.
It feels harder and harder to save and invest. Just making ends meet with two kids in this red state feels like a Herculean task. Wondering if anyone else feels the same way.
100%. I just got off the phone with my dad and we had a cordial joust. I mentioned someone stupid as shit he did in the 90s and threw cases later he still can't concede "okay yeah maybe I acted like a fucking ass that day". Like dude, it's fine, it's been a long time, just own it. Boomers seem to be uniquely incapable of admitting fault or even mediocrity.
Side bar, even adjusted for inflation I probably make like 3x what my dad did at my age. Heck, I make more than he does now. He couldn't afford his own home if he bought it today, but even with my much bigger income I couldn't afford his home now. That's how much home prices have inflated compared to wages. Boomers either have no clue or simply cannot admit that economically they win the fucking lottery.
"Hey son, you have it much harder than I did. That sucks. Maybe your mom and I can help." -unfathomable words for a boomer
Yep. With all the huge overarching problems that are difficult to solve, this is one of the most retarded unforced errors out there. Only their retatded mindset gets in their way. So many boomers will die with zero grandchildren because they don't offer help when it is sorely needed despite being more than capable of it.