I realize that it won't be much comfort to you, but the 30s are a tough age for a lot of people. My 30s were the toughest years of my life, and I'm a Boomer. We supposedly had the best of everything in unlimited quantities, but when I hit my 30s, the world came crashing down on me just the same, and I was at the poorest and most hopeless…
I realize that it won't be much comfort to you, but the 30s are a tough age for a lot of people. My 30s were the toughest years of my life, and I'm a Boomer. We supposedly had the best of everything in unlimited quantities, but when I hit my 30s, the world came crashing down on me just the same, and I was at the poorest and most hopeless I've ever been before or since.
Now, the Millennials in my family sound a lot like you. I admire them greatly, they're people who have done everything right: no college debt because of very good decisions, good jobs, most own their own homes, but they're still anxious and depressed and feel stretched. So I'll say to you what I say to them. Hang in there. Keep making good decisions and good choices if that's what you're doing now -- they'll pay off eventually. If you're not, don't be afraid to change course. Stay in the game and believe in yourself and in those you love and who love you. Things are going to get better.
Our education costs are much higher. Our earning power is lesser due to wages not matching inflation. And housing costs are a much much larger portion of our income than it was at the same time for your generation.
Your generation holds more comparative wealth than your parents did and much more at the wealth at our age than we do.
Those are facts.
Disregarding that is a problem.
“ Even though the US economy is growing -- according to a recent CNN poll, 76% of Americans think it's doing better than it has in decades -- not everyone is prospering. Millennials are on track to be the first generation not to exceed their parents in terms of job status or income, studies show.”
I realize that it won't be much comfort to you, but the 30s are a tough age for a lot of people. My 30s were the toughest years of my life, and I'm a Boomer. We supposedly had the best of everything in unlimited quantities, but when I hit my 30s, the world came crashing down on me just the same, and I was at the poorest and most hopeless I've ever been before or since.
Now, the Millennials in my family sound a lot like you. I admire them greatly, they're people who have done everything right: no college debt because of very good decisions, good jobs, most own their own homes, but they're still anxious and depressed and feel stretched. So I'll say to you what I say to them. Hang in there. Keep making good decisions and good choices if that's what you're doing now -- they'll pay off eventually. If you're not, don't be afraid to change course. Stay in the game and believe in yourself and in those you love and who love you. Things are going to get better.
https://youtu.be/MEC2Nq7Z6lc?si=uGNcLoWdQcgE4xd_
No it’s not the same as it was in your 30s.
Our education costs are much higher. Our earning power is lesser due to wages not matching inflation. And housing costs are a much much larger portion of our income than it was at the same time for your generation.
Your generation holds more comparative wealth than your parents did and much more at the wealth at our age than we do.
Those are facts.
Disregarding that is a problem.
“ Even though the US economy is growing -- according to a recent CNN poll, 76% of Americans think it's doing better than it has in decades -- not everyone is prospering. Millennials are on track to be the first generation not to exceed their parents in terms of job status or income, studies show.”
https://amp.cnn.com/cnn/2020/01/11/politics/millennials-income-stalled-upward-mobility-us
https://www.nasdaq.com/articles/more-than-half-of-us-wealth-belongs-to-baby-boomers:-will-other-generations-catch-up#:~:text=Breakdown%20of%20Wealth%20by%20Generation&text=Here's%20what%20they%20found%3A,Generation%3A%20%2418.6%20trillion%20(11.9%25)
https://www.thetitlereport.com/Articles/Redfin-Gap-widens-between-baby-boomer-and-millenni-90419.aspx