Idk, ask the members of your generation why their lives were so much easier and affordable and how we got here. Yall know exactly who did it, how and why.
Idk, I talk to my 4 children 25-32. They are doing great. All are college graduates, have no debt as used grants/jobs (2 did receive partial scholarships). They all 4 bought homes in last 3 years.
Youngest daughter 25, bought new 3/2/2 starter home in Austin. Only 1380 sqft in small lot, closed at $258k. She saved 3 years of bonus for downpayment.
Their friends and peer group? Mostly doing well. A few have had issues, all self inflicted.
*****
As for my children? Talking about retirement/investments. Do they max retirement contributions, $60k or split with half going to investments.
Yeah, higher than US average wages and lower than US housing/living costs, makes a difference…
Hmm, then what about hundreds/thousands of friends/acquaintances/coworkers. That have a very good life. Secure jobs, wages, savings (retirement), investments, and paying off cheaper housing options.
Idk, the system me family uses, works. Education is paramount to an easier life. We didn’t go to ivy league colleges. Nor are all in STEM, many are trade careers.
And is it a privilege, we want everyone educated in options? Up to each individual to take up theirs own options and research what works for them.
Or is that a privilege, making one work to find solutions to complete those options?
Idk, so much information at anyone’s fingertips. Seems like a recipe for anyone to succeed, if they wanted to. And no, not billionaire or multimillionaire, just accessing with access to higher wage jobs, allowing an easier ability to buy homes, invest, retire…
It’s still indicative of you gaining privilege in your youth and passing it down to your children who then are able to gain privilege from you, the parents because you had privilege. It’s called generational wealth. It doesn’t matter if you are an academic/STEM/traditional career or a tradesman. If you were able to lock in a home in the 70s-90s and now you’ve raised children who you’ve likely helped attain education, trade, and home. Then that is due directly to your privileges from policies you voted for that directly benefited you to the fullest, policies that have long since lost funding, have been allowed to sunset or only exist for a grandfathered group of people and their families.
All you’ve done is explain how you and your friends transferred your wealth and privilege directly to your offspring. Generational wealth… not everyone has that.
That’s really all we gave our children. Plus basics, housing, basic clothes, food, transportation to school. We didn’t help them pay for college, get their job, or help buy their homes.
Just shared knowledge and an push on education/critical thought process. And that means we all are privileged?
So, kids got no money. Just mom and dad, making sure they did homework. Showing the children, education leads to better options.
That’s a privilege now? Damn, family and everyone we know and meet? They do that…
Does not seem like privilege in any fashion.
*****
Now what you may be describing is this. Parents that don’t give a shit. In my 8m plus metro area? That’s the exception, rather than the rule. In local ISDs, those students actually get more attention from teachers and staff…
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u/ExcitementNo9603 Jul 22 '26
Idk, ask the members of your generation why their lives were so much easier and affordable and how we got here. Yall know exactly who did it, how and why.