Young adults are poor despite every metric which suggests otherwise
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Re: Young adults are poor despite every metric which suggests otherwise
#2Original behind login-wall: https://x.com/JohannKurtz/article/2077113148524417439
Re: Young adults are poor despite every metric which suggests otherwise
#3>five pillars of a stable middle-class existence: education, stable employment, marriage, homeownership, children.
This is cultural bias spoken as though it’s universal
Plenty of fulfilling lives out there that don’t include home ownership, being a parent, having secondary schooling or being partnered with offspring.
Re: Young adults are poor despite every metric which suggests otherwise
#4>five pillars of a stable middle-class existence: education, stable employment, marriage, homeownership, children. This is cultural bias spoken as though it’s universal Plenty of fulfilling lives out there that don’t include home ownership, being a parent, having secondary schooling or being partnered with offspring.
This is sort of orthogonal to the point though, people who want those things (the author being one of them) aren't able to achieve them.
Plenty of fulfilling lives out there for any conceivable metric, it doesn't mean that the article is incorrect.
Re: Young adults are poor despite every metric which suggests otherwise
#5>five pillars of a stable middle-class existence: education, stable employment, marriage, homeownership, children. This is cultural bias spoken as though it’s universal Plenty of fulfilling lives out there that don’t include home ownership, being a parent, having secondary schooling or being partnered with offspring.
You’re saying one can be happy without being bourgeois. I think that’s self-evident.
Re: Young adults are poor despite every metric which suggests otherwise
#6> It’s Hard to See My Parents Live So Lavishly While We’re Struggling
While I won't deny there are some problems currently, I think people comparing where they start to where others end is a huge mistake and leads to a lot of unnecessary anguish.
Someone in their 60s is supposed to be doing better than someone in their 20s. They had 40+ years to work and save. If they did it right, that will put them in a better position than a 20 year old... just like that 20 years old should be in a better position when they are in their 60s. It would be pretty disheartening if people in their 20s saw that it just gets worse.
Re: Young adults are poor despite every metric which suggests otherwise
#7>five pillars of a stable middle-class existence: education, stable employment, marriage, homeownership, children. This is cultural bias spoken as though it’s universal Plenty of fulfilling lives out there that don’t include home ownership, being a parent, having secondary schooling or being partnered with offspring.
I don’t even think there can be an agreed upon metric for life satisfaction, let alone what an ideal “middle class existence” looks like. It’s going to be different for everyone.
For me, home ownership nor children would be part of my “ideal middle-class existence” quite the opposite. I want stable housing, I don’t necessarily want to own it and all the burden that comes with ownership, and I definitely did not and still do not want responsibility over bring a child into the world. Thankfully, my wife agrees.
If we were to even approach a definition it might be something like “Do you have stable housing, access to nutrition, hygiene, transportation, etc. while also having enough capital resources and time to achieve your personal goals?” And that’s going to look different for everyone.
Re: Young adults are poor despite every metric which suggests otherwise
#8> It’s Hard to See My Parents Live So Lavishly While We’re Struggling While I won't deny there are some problems currently, I think people comparing where they start to where others end is a huge mistake and leads to a lot of unnecessary anguish. Someone in their 60s is supposed to be doing better than someone in their 20s. They had 40+ years to work and save. If they did it right, that will put them in a better posi…
Well a lot of those now 60 year olds were buying houses and land in their 20s-30s..
Re: Young adults are poor despite every metric which suggests otherwise
#9> It’s Hard to See My Parents Live So Lavishly While We’re Struggling While I won't deny there are some problems currently, I think people comparing where they start to where others end is a huge mistake and leads to a lot of unnecessary anguish. Someone in their 60s is supposed to be doing better than someone in their 20s. They had 40+ years to work and save. If they did it right, that will put them in a better posi…
It’s not hard to see why people find that unfair or whatever though. It’s complete disillusionment with the “dream.” Why is our society/economy structured in such a way that we spend our youthful years struggling and only get to enjoy the fruits when we are older? It’s why FIRE is so appealing to some, you get to get out early.
Re: Young adults are poor despite every metric which suggests otherwise
#10> It’s Hard to See My Parents Live So Lavishly While We’re Struggling While I won't deny there are some problems currently, I think people comparing where they start to where others end is a huge mistake and leads to a lot of unnecessary anguish. Someone in their 60s is supposed to be doing better than someone in their 20s. They had 40+ years to work and save. If they did it right, that will put them in a better posi…
"If they did it right" is a bearing a lot of weight there. The window of "getting it right" has shrunk over the last 40 years and it's delusional to argue otherwise. People like myself are comparing themselves to their parents at the same age. My dad had me at my exact age now, had bought a house, could raise a family on his singular wage. That is non-existent now in my part of the country.