31–40 of 141 posts
> 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…
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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.
> It’s why FIRE is so appealing to some, you get to get out early. Isn't this exactly "spend the youthful years struggling and get to enjoy the fruits when you are older"? ;)
"Marriage follows the same pattern. Women now substantially outnumber men on university campuses and outpace them in degrees earned, yet the preference for husbands who match or exceed a wife’s income and education has not correspondingly relaxed. The result is a radical market mismatch." I read a lot on this particular topic and this is a little too narrow of a reading. There is a more dominant trend - women and men…
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Well a lot of those now 60 year olds were buying houses and land in their 20s-30s..
You might want to qualify this with start to buy a house and get a mortgage and then pay off when older than 20s-30s. I think some people in the comments are thinking you are saying they could outright buy a house straight out of school! (Which in a way might be a symptom explained in the article!
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Well a lot of those now 60 year olds were buying houses and land in their 20s-30s..
Buying a house in their 20s... are you serious? If true and not just an urban myth, that must have been a US specific thing, maybe caused by the exceptional situation of the US coming out as the biggest winner of WW2. Anywhere else in the world you could be lucky to even move out of your parent's rented flat in your 20s ;) PS: also, what's the obsession of young people with home ownership
"Marriage follows the same pattern. Women now substantially outnumber men on university campuses and outpace them in degrees earned, yet the preference for husbands who match or exceed a wife’s income and education has not correspondingly relaxed. The result is a radical market mismatch." I read a lot on this particular topic and this is a little too narrow of a reading. There is a more dominant trend - women and men…
I find it interesting how you frame the cultural drift as men falling "behind". I assume you're speaking about politics? I don't know what other aspects of culture that have the genders diverging.
All three are dangerous partners to have. Simple rationality implies avoiding them.
>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.
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Well a lot of those now 60 year olds were buying houses and land in their 20s-30s..
You might want to qualify this with start to buy a house and get a mortgage and then pay off when older than 20s-30s. I think some people in the comments are thinking you are saying they could outright buy a house straight out of school! (Which in a way might be a symptom explained in the article!
(Interestingly the cost of housing in the Bay Area back then - late 1980s - was the same as that Rust Belt city; we almost ended up there.)
Every time I think I have money I get massive insurance bills, massive property tax bills that increase seemingly every year, a fence I had to install so my kids don't get mangled by the pitbull 2 doors down that was $12k that was $4k 10 years ago. I know because my parents installed the same fence at their house. I'm paying a not insignificant portion of my income into a social security program that I'll never see a…
"Robbery" is a very immature and totally counterproductive way to think about rising costs.
> Half of recent US inflation due to high corporate profits, report finds
"Marriage follows the same pattern. Women now substantially outnumber men on university campuses and outpace them in degrees earned, yet the preference for husbands who match or exceed a wife’s income and education has not correspondingly relaxed. The result is a radical market mismatch." I read a lot on this particular topic and this is a little too narrow of a reading. There is a more dominant trend - women and men…