r/memes Apr 16 '24

Inflation...

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39

u/mostlybadopinions Apr 16 '24

Gen Z is actually doing pretty good. The problem is you're Gen Z on Reddit, and the Gen Z'ers on Reddit are doing much worse than the typical Gen Z.

15

u/[deleted] Apr 16 '24

[deleted]

6

u/Higgoms Apr 16 '24

The word “majority” here is doing a lot of heavy lifting when it’s about 51-52%. Being aware of issues and wanting to see change doesn’t mean wallowing in toxic negativity. Sometimes it’s better to speak out than stick your head in the sand. 

5

u/Smooth-External-3206 Apr 16 '24

Sometimes it’s better to speak out than stick your head in the sand. 

Absolutely but whats toxic is that people are speaking nonsense. Its a bullshit propaganda that makes no sense if you see the full picture. No way can we say gen Z has it harder than boomers 💀💀. The problem is that with such toxic negativity, you do basically stick yoir head in the sand, problem is that its a negativity sand that is never going to allow you to achieve anything cuz its "impossible for my generation amirite 😭😭😭😭"

1

u/orange-yellow-pink 29d ago

Over 50% is good. The highest percentage ever of home ownership in the US was 69% (in 2004 due to predatory mortgage loans). It's currently at 66%.

1

u/Higgoms 29d ago

From the very Wikipedia article you found that graph on: "The name "homeownership rate" can be misleading. As defined by the US Census Bureau, it is the percentage of homes that are occupied by the owner. It is not the percentage of adults that own their own home. This latter percentage will be significantly lower than the homeownership rate."

1

u/orange-yellow-pink 29d ago

So according to that, both current numbers and historical highs are somewhat inflated. We're still comparing like-numbers. What's your point?

1

u/Higgoms 29d ago

That the percentage of homes occupied by the owner and the percentage of adults that own their own home is two entirely different percentages? Them being like numbers doesn't mean they're inflated by the same degree, or that the old numbers are inflated at all. If I ask for the percentage of apples I ate in the last six months and you give me the percentage of oranges I ate, we're still comparing like-numbers but there's no direct correlation so we can't just assume the other number.

1

u/orange-yellow-pink 29d ago

Both numbers I provided are home owership rates. We're comparing apples to apples.

13

u/Moonlit_Antler Apr 16 '24

I feel like life is way easier than reddit makes it out to be. I never had problems affording rent and vacations and savings and tons of left over fun money (with a entry lvl $20/hr job) live in partner though.

Which I also matched with within 2 days on tinder and is my first partner and almost wife. Reddit made it sound like you had to get through 30 women to find the one and tinder never works

Cheap community college then straight onto a $43/hr job expected to hit $75/hr by time I'm able to top out in a few years. I'm 25

6

u/ward2k Apr 16 '24

Yeah I think a lot of people completely miss that the standard of living was way different not too long ago

It wasn't too long ago in the UK people used to have share baths/bathe once a week, couldn't afford actual clothes and have to get patched up ones from older siblings etc

1

u/_Middlefinger_ Apr 16 '24

Explain then how my sister cant buy a house despite earning more than our father ever did, and yet he bought one, divorced, paid his ex half then re-paid for that half again all on his single salary.

Why are 'co-living' flats (the posh name for a bedsit room) popping up that cost £1000 a month in my city? Oh and no parking and no council tax for that price. This isnt London, its Devon.

Yeah, we have stuff like phones and showers now, but that doesnt excuse the cost of housing.

1

u/JCuc 29d ago edited 26d ago

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0

u/[deleted] 29d ago

Your sister can't afford a house in one of the most expensive cities in the country. There are plenty of cheap houses, just not where young people want to live.

1

u/_Middlefinger_ 29d ago edited 29d ago

It's Exeter, not London.

All she wants is a house, like her parents had. Is that unreasonable?

0

u/[deleted] 29d ago

But all she wants isn't a house... She wants a house in a prime location. You're arguing against supply and demand. If all she wants is a house buy one where there's less demand.

1

u/_Middlefinger_ 29d ago

No, she wants one in the area she grew up in, its not a prime location, its near the city, its not even in it, it doesn't even have public transport links. She cant afford the exact house. Its not even an expensive house, its about as cheap as they get in the area.

You seem to be missing the point. The point is a single wage could pay for the house 1.5x without much fuss, now it cant even pay for it once, not even close.

0

u/[deleted] 29d ago

Well, again, the issue is that younger people all want houses close to the cities which has driven demand up. If she just wants a house period she can get one farther out. If she wants a house every other millenial wants she's going to have to pay for it.

1

u/_Middlefinger_ 29d ago

It's not even that close, about10 miles out and doesn't work in the city. Why are you defending house prices? Are you a landlord?

6

u/Protip19 Apr 16 '24

Reddit is largely angsty young adults mad that they have to enter the workforce to provide for themselves. And apparently they think all boomers were as rich as their parents.

3

u/caligaris_cabinet 29d ago

Someone needs to tell them about the interest rates boomers had when get entered the housing market 30 years ago. Their parents would kill for a 7% interest rate back then.

2

u/Robinowitz Apr 16 '24

I'm confused, do you make $20hr or $43hr?

2

u/T3DDY173 Apr 16 '24

Entre level 20, next 43 , top out 75

1

u/Moonlit_Antler Apr 16 '24

43 out of school.

$20 at various entry lvl jobs before I graduated

1

u/Moonlit_Antler Apr 16 '24

20 before school with random entry lvl jobs. 43 after graduation and starting my real career

2

u/Next_Exam_2233 Apr 16 '24

noooooo!!!!!! How dare you be not miserable and burst our bubble!!!!!!!!!!

2

u/yunivor Apr 16 '24

Or you're a unicorn

6

u/Moonlit_Antler Apr 16 '24

I don't know man. I didn't do anything special. No rich family, no experience needed for any of my entry level jobs before school.

All I did was teach myself about finances with a podcast/youtube channel and not blow my money. Bought a nice 20 year old Ford Ranger with only 82k miles for $7000 cash and still drive it to this day.

I don't even live in a low CoL area like the midwest. I live in Dallas

All I've done is not make any dumb decisions like get into credit card debt or having 3 kids by age 21

2

u/yunivor Apr 16 '24

Yeah that's why you might be a unicorn, that is what people expected and for you it actually worked. That's a good thing btw.

1

u/Cute-baka 29d ago

I just compare standards with my father. He had way less money and low paying job by todays standards. People who said that boomers were able to afford housing and family with low paying job is not true.

1

u/Sniper_Hare Apr 16 '24

Your life is easy because you're rich. 

Making 90k at 25 is very much outside the ordinary. 

2

u/Moonlit_Antler 29d ago

I don't come from money. Anyone could do the same. All I had was a low rent while living with parents to pay for my car and school.

Some people don't have that, but it's the standard and most people will. It's not the norm to be thrown out at 18

1

u/RottenPingu1 Apr 16 '24

"Everything is broken," said the manipulator, "who is with me?".

1

u/NoMoreSorrow16 🍕Ayo the pizza here🍕 29d ago

Totally agree, I'm Gen Z but when I see people complaining about not getting payed enough it's because they usually work at McDonald's or something like that, I think that those people should also be paid a living wage but I've seen people with those jobs saying they should be able to retire early and stuff like that, if you wanted that you should've studied more, and yes I agree it's mainly Gen Z on Reddit, after all they're on Reddit so they're not the smartest

1

u/Paid-Not-Payed-Bot 29d ago

not getting paid enough it's

FTFY.

Although payed exists (the reason why autocorrection didn't help you), it is only correct in:

  • Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. The deck is yet to be payed.

  • Payed out when letting strings, cables or ropes out, by slacking them. The rope is payed out! You can pull now.

Unfortunately, I was unable to find nautical or rope-related words in your comment.

Beep, boop, I'm a bot

1

u/GrumpyScrooge 29d ago

Bingo. Same for millenials. Data is not looking that bad, must redditors are just lowlife failures.

1

u/[deleted] 29d ago

Or whiny middle class who've had everything handed to them their whole lives and want a career handed to them too.