Finally a positive and accurate article about millennials! Damn right each of my cats and dogs get their own room!
As a millennial I can confirm we do t have enough money to buy houses
@generic zombie, because the ratio of how much we get paid vs cost of housing, cost of a house and costs of education has become far smaller in the last 30 years. When older people say "I worked and put myself through a 4yr college and paid my own rent..." That's because they Could. Now, assuming the low end 20k/ yr for 4yr tuition, needing to study Minimum 60+ hrs/ week, sleep 56, that technically leaves 52 hours for all other daily activities like travel, getting ready, prepping meals, etc. And no friends. Now assuming a Very Nice $15/hr job that would let you work around your school schedule, you would have to work on average 148 hrs/ month (assuming ~25% of each check goes to taxes and other withholdings) Just to pay your way. Go ahead and try working 100 hrs/week. It's Damned near impossible unless you can somehow work multiple days straight and still around classes.
Bottom line: School and everything else was fvçking cheaper and min. wage was Relatively higher.
@mas2de, git rekt old a-holes.
🍠🍪 Here are some snacks for the rest of us b/c I know that was long and dense and we're all broke AF and hungry.
@mas2de, thanks to help from my parents, really just for guidance/suggestions for saving money or getting it to not work against me.
Also sticking with a job that I really could have done better/ found better has paid off after 11 years. Pays better than any other job I could get into or have gotten a call back from when I have looked.
So give or take 11years ago, 6 or so months before I got my first job I got a car on a 5 year loan, they(parents) noticed my interest for the loan was higher than the amount picked for monthly payments.. after they pointed that out, I planned on increasing my car payments by something like 40 bucks. Noticed I was still well under 2 of my 4 paychecks a month. Turned it into, ½ of one saved,1.5 covering bills, and 2 going to paying off car. Paid it off in just over 3 years.
While I turn 30 next year my birth year is usually counted by people as being millennial.
Point of story, if more millennials stick with it things can get better.
@D4rthbob, I've had a minimum of 5 avg of 10 and up to 15 coworkers cycle through my job as the seasons come and go, usually for/because of school. But lately most have been let go or quit because they can't or don't try to just do the job. and those that give up maybe just had another week or 2 before they could get moved up/out of job/position they didn't like.
@D4rthbob, also sad is after 11 year I'm making just under 11 an hour.
A possible problem is most jobs are still limiting hours like when the unaffordable Care act was active / enforced if their business has too many people.
If not that businesses still have the same limited pay-scale/rates as pre 2000 when that was affordable..
@mas2de, is it not also just in general the cost of living keeps going up and the job market doesn't properly reflect that? I live in Southern California and it took me four years after college to find an engineer job that paid me a decent salary. In which that salary is heavily taxed as a single person that I can't afford a loan higher than 300 grand because my living expenses and my car payment won't suffice. So the worst part is the best places to live are not affordable for a single person unless you rest a place or buy a home in the sticks and commute 1-3 hours to work
@mas2de, as far as minimum wage being higher... I think the inflation rate was lower, and it has risen a lot faster than minimum wage can has. Hence why stuff nowadays for millennials seems/is so gosh darn expensive.
an economic teacher I had at a (tech) college had the same theorys as a high school econ teacher a younger sibling had. if the gov could lock down or cut the inflation rate they could improve the economy as people could actually afford to splurge on.. well anything again...at least at the kids in highschool needing income level.
@megamanx181x, I'm in San Diego myself and I'm from the Bay Area (South Bay; Gilroy) I know full well the rigors of high COL. I refuse to have a car payment unless I can pay it off well within a year. I really hope I can find a decent job in CA (maybe TX or something) when I graduate as an AE but if I can't, I'll have to rely on my HVAC/R trade experience and pay until I can. And I would feel So stupid if I had to go through school, get an engr. degree, and then to just fall back to HVAC. Like what was the point then?
But, yeah Cost of Living in the decent parts of CA is pretty much only for the rich/ well off or those who inherited a home these days.
My GF listens to /watches a lot of Dave Ramsey and his ideas are good and help a ton of ppl. They might help you.
@D4rthbob, They will get better but starting out, the climb just keeps getting steeper and I don't think it is sustainable. Paying off loans early saves you Tons of money. Like paying off even a small credit card at only the min payments can take 14+ years and cost Thousands. For just a couple hundred bucks. Interest Fvçks ppl. And that isn't a millennial thing but our generation does tend to have way more loans out than previous generations. Partially the mentality, partially the necessity. Stuff costs more and credit cards are the only way most people see to be able to afford stuff rn. But, if you can't afford it without a card, you can't afford it.
@mas2de, Nice to know im not the only one with these frustrations. I can splurge on stuff cause I still live at home and my parents are going to help me with a loan but i feel pathetic that I need help. Even with my engineering degree major aerospace companies want a ton of experience and little training for even entry level positions. However there are tons of non engineering job that it pisses me off why I wasted four years studying when I could have just been jumping into another form or work and climb my way up. Thanks for the advice man I'm going to look into it!
@D4rthbob, Japan Had to reinvent their economy so that they could keep their inflation around the + side of 0. And at a 2-4% ideal inflation with it sometimes reaching 6-7%+ it gets kinda ridiculous and Is Not sustainable. It'll eventually reach a peak and come crashing down and it's going to take the world down with it.
@megamanx181x, also, if you're willing to move to Texas, check out Lockheed-Martin.
@mas2de, I've gotten the mindset, thanks to parents and living on my own, that if I can't afford to pay for something now and I can't afford it in the future, I don't need it.
However, I've learned that sometimes you can invest in something you can't afford to buy right now, but could afford over time and would get a return on investment by use/need. My car is 11 years old. I'm looking to replace the first purchase I've ever made with at least an SUV. I live in Wisconsin, winter's are either stupid cold or we are south Canada for a few months and my Corolla can't seem to handle more than like 2 inches of snow.
I've also been getting through to the teenagers I work with at my(11 yrs) grocery store job. If you are making money, not doing big schooling, save as much as possible. A few are actually looking to get their own car(as anything bigger needs more $$) so they don't have to ask for their parents vehicle or borrow a siblings to get to work.
@mas2de, maybe I'm doing this college thing wrong. But I don't study anywhere near 60 hours a week. 10 at most when not in finals mode.
@mas2de, I'm not broke
@megamanx181x, @mas2de, off topic of economy and affordable living.
Recently came across an article on happiness, and honestly keeping a positive outlook on life can really effect your work day/routine. If anything, time has proven several times over, things that are worth it take time. Keeping at it will pay off eventually. It doesn't when you lose sight of your goal or become distracted or begin to doubt you skills and potential.
Short version: stay positive and good things will happen.
I've chosen to stay at my grocery store job because I know I have the skills to run the whole place. Once I'm ready to I might go for a higher position, but for now I know I'm reliable to co-workers and friends at my level.
Short version: sticking with a job you ENJOY might pay out better than getting the job you think you NEED. It just takes time getting there with the job you enjoy.
@D4rthbob, I 100% agree on that, right now I'm at Job that lays decent but I'm not happy being here. I have been looking to get out of the aerospace/machine shop environment and trying something new.
@Tyrellious, Cal Poly SLO has a policy of 25-35 hrs spent studying / week per class, Outside of classes. For All majors.
As an engineering student, if I don't study at least that much I'm falling behind and not understanding the material. I spend the vast majority of my time 9a-10p or later with my fellow students in the same room working as a team on the same material helping each other understand it. Not all majors are created equal though. Some are definitely tougher than others. I know people that got through a 4 yr in 2-3 and got their degree. I know a few English majors who are my old best friends from High school that got theirs in 4 and got to party all the time and hang out with friends and work and didn't seem to need to spend much time studying other than reading.
I finished my lower Gen Ed before coming here and it still will take 3 years to get through it.
What's your major btw?
@Medic135, 🎵..."but brother I'm badly bent."🎵
@mas2de, I'll take that
@D4rthbob, I was happy doing HVAC/R. (Mostly) it was fun, it was hard, it was rewarding... And it was stinky, hot, goopy, gross, and hard on my body. I want more pay with a job that's easier on my body and that I can support my family with better. And I like engineering so far. I truly believe that it will be more rewarding and better for me than any job I've had so far. Thank you and I generally do remain a happy and positive person. Generally. Not always. Lol
@Tyrellious, what are you studying? I know I spend around 50 hours a week studying outside class and I'm in class for 21 (and I'm only taking 18 credit hours- next year I'll likely be at 20 or 21)
@mas2de, Really depends where you live, here in Michigan the housing and job market is good(for IT), it really comes down to what is your end game and what's valuable to you, San Diego does not have a good housing market, so do you move? Or do you stay because maybe family or the weather is something important to you.
@mas2de, minimum wage was different, but wasn't exactly higher. The issue isn't what you're being paid. The issue is the cost of school. Back then, 4 years of college was probably equal to just 10-14k, which isn't horrible. The problem is with the colleges. Not the minimum wage. Colleges have inflated prices since college traffic has increased. I only know a few people who went to college and are making good money. If you want to be smart about education, do trade school. You get paid while you go to school, and almost always end up with a 23-28/ hour job.
@Fun Facts 101, H*ck trade schools lol. I've had several guys out of trade schools come through, tried to train some, gave some the ok or no-k and had one "take my place" when I left. Some quit, the one that got my van wound up being a druggie, stole stuff from my boss and the company and before that sat at home because boss could hardly use him. Another guy at another company in another county, came straight out of trade school and couldn't tell me a freaking thing about what he knew about the trade. Always had to call his teacher. Made silly early-guy mistakes, which ok w/e, but didn't listen when we told him how to do it right. Maybe it's just I saw the bottom of the barrel from the trade school but I'd say do a good school and then apprenticeship.
@Autismo, right. Might just have to go where the jobs and the houses are. But my home is near my family no matter where my house is.
@mas2de, that's definitely bottom of the barrel. I'm trying to get an apprenticeship as an eke elevator tech. They are strict about who they hire and train because if you fvck up you die
@Fun Facts 101, good luck. I wouldn't want to have that weight hanging on my head. If I screwed up, some food went bad and some money was lost or someone was a little uncomfortable for another day or so. You guys work in teams though right? Kinda like oversight for each other?
@mas2de, in the apprenticeship, you're always with your trainer until you're certified. Then you do it by yourself most of the time. But it's common sense screw ups. Don't stick your head over the side of the shaft, don't put your fingers close to moving parts, know where the counterweights are, that sort of stuff
@Fun Facts 101, cool. They're not that complicated right? Pretty simple systems as a basis? Just a Ton of complicated safety systems and interlocks and procedures that shall not be violated?
@mas2de, it only gets crazy when you're building them. Maintenance is pretty simple and easy
This has been Fun Facts 101, with Mr Fun Facts 101 and MAS2de
@mas2de, there's a video the Labour Party in the UK uploaded during the recent election called "They just don't get it" which is basically what you're describing. Here in the US the minimum wage would be $21/hr if it kept up with productivity
@Bernard Sanders, Wow! That's way higher than anything I've heard. I thought it was 15 and politicians were shooting for 11.
@mas2de, I double major psych and Hispanic studies. And my university has a similar policy for both of my majors, with 3 hours of study time for each hour of classroom contact recommended for psych, and 2 recommended for Spanish (not including actual spanish speaking practice) but I never spent that much time, even in my neuroscience class.
@ajr12100, see my reply to mas2de
@mas2de, I dont need to make a comment because of you.
Well I can't keep pets in my apartment so I need to buy a house
But I thought millennials couldn't buy homes because the boomers destroyed the economy? #holdmyavacado
At least the real estate market is recovering.
@King Spunkmonkey, it's cyclical. Buy now.
You guys do know the whole joke about millennials not having kids just confirms how selfish and childish they are, right? That they could never handle raising children, the sequel to their own life, for really dumb selfish reasons?
Sadly, this is the exact reason I am looking to buy a house. I am sick of not having a yard and having to walk my dog several times a day.
Of course they are humans suck