You know what? here in the late 1930’s early 1940’s boys were often sent away from home to live and work on a farm at the age of 12! And they often slept with the animals even through winter. These were not bad conditions for the time, it was normal!
But since then the wealth and living standards have increased tremendously.
There is no way it should be necessary for anyone in USA to skip meals today. But USA is such an unfair society, that some people have a million times more than others. There is no way that is socially justifiable. Nobody should be either that privileged or unprivileged.
True, but I wrote “have” because I didn’t want to count things like debt. People with debt still have things, and sometimes people living like billionaires also have debt so their net worth is close to zero.
The meaning was what they “have” money to spend on themselves, and some people “have” enormous privileges, disregarding whether it’s their own money or not.
Again, we are the richest country in the world and we don’t even have universal healthcare, abortion is banned in a lot of states and our billionaires pay very little taxes.
Is that not typical for every generation during and after their schooling years?
Only in a sense so vague that it loses all meaning. You can look up studies comparing the actual wealth of different generations at different ages. Millennials were worse off than Gen-X and Boomers were at the same age, and Gen Z are worse off than Millennials at the same age. The average wealth of the average 30 year old has, in-inflation adjusted dollars, declined markedly over the last several decades.
This should be common sense. Consider just housing. The median home price has gone up much faster than the median income. People who already own homes have benefited substantially from this. But the only way homeowners can earn above-inflation rates of return is if housing is becoming more unaffordable.
Uhm no? In most freaking countries you would have more money to spend during your school years or just after it. Either because school is cheap/free or it’s cheaper because you can continue living at home, etc etc
Is that not typical for every generation during and after their schooling years?
My parents experienced that, I experienced that, my kids experienced that.
You know what? here in the late 1930’s early 1940’s boys were often sent away from home to live and work on a farm at the age of 12! And they often slept with the animals even through winter. These were not bad conditions for the time, it was normal!
But since then the wealth and living standards have increased tremendously.
There is no way it should be necessary for anyone in USA to skip meals today. But USA is such an unfair society, that some people have a million times more than others. There is no way that is socially justifiable. Nobody should be either that privileged or unprivileged.
Ikr, a shit country has a 70 year old retirement age and only fascists would support it
Most Americans are in debt. A lot of debt**
True, but I wrote “have” because I didn’t want to count things like debt. People with debt still have things, and sometimes people living like billionaires also have debt so their net worth is close to zero.
The meaning was what they “have” money to spend on themselves, and some people “have” enormous privileges, disregarding whether it’s their own money or not.
We are the richest country in the world.
These issues are not unique to your country.
Again, we are the richest country in the world and we don’t even have universal healthcare, abortion is banned in a lot of states and our billionaires pay very little taxes.
There is no “we” here.
Are we the richest? I mean—per capita? Because if we are, then it’s our spending that’s the problem.
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Only in a sense so vague that it loses all meaning. You can look up studies comparing the actual wealth of different generations at different ages. Millennials were worse off than Gen-X and Boomers were at the same age, and Gen Z are worse off than Millennials at the same age. The average wealth of the average 30 year old has, in-inflation adjusted dollars, declined markedly over the last several decades.
This should be common sense. Consider just housing. The median home price has gone up much faster than the median income. People who already own homes have benefited substantially from this. But the only way homeowners can earn above-inflation rates of return is if housing is becoming more unaffordable.
Uhm no? In most freaking countries you would have more money to spend during your school years or just after it. Either because school is cheap/free or it’s cheaper because you can continue living at home, etc etc
Just because it was common, doesn’t mean it can’t get better.
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“This was my experience so it must be everyone else’s!”