Americans who locked in a job, a home, and stocks are thriving. Everyone else missed out on their ticket to wealth.

[NorthernHawkeye]

I wouldn't want to be starting out these days. The political class has really done a number on the younger generation.

Americans who locked in a job, a home, and stocks are thriving. Everyone else missed out on their ticket to wealth.

Americans who locked in jobs, homes, and stocks a few years ago have seen their wealth balloon. Everyone else missed out.

www.businessinsider.com

 

[WDSMHAWK]

I wouldn't want to be starting out these days. The political class has really done a number on the younger generation.

Americans who locked in a job, a home, and stocks are thriving. Everyone else missed out on their ticket to wealth.

Americans who locked in jobs, homes, and stocks a few years ago have seen their wealth balloon. Everyone else missed out.

www.businessinsider.com

Glad to see you're coming around on student loan forgiveness

 

[DirtyJohns97]

 

[tumorboy]

Going to be awesome when the younger generation develops AI applications to eliminate the older generations jobs/careers.

 

[dekhawk]

My first home mortgage was 10.5% 35 years ago.

 

[goldmom]

1980 Orange County California. 12.5% interest rate on our mortgage.

 

[billanole]

I wouldn't want to be starting out these days. The political class has really done a number on the younger generation.

Americans who locked in a job, a home, and stocks are thriving. Everyone else missed out on their ticket to wealth.

Americans who locked in jobs, homes, and stocks a few years ago have seen their wealth balloon. Everyone else missed out.

www.businessinsider.com

Paywall, bitches.

 

[95Hawk]

Paywall, bitches.

Seems like the political class has screwed you once again.

 

[Scott559]

My first home mortgage was 10.5% 35 years ago.

In 1986 got first time homebuyer special interest rate at 9%.

 

[BGHAWK]

My first home mortgage was 10.5% 35 years ago.

Evidently you survived and did ok as many others did and some with even higher rates. Of course I can speak only for myself, but I didn't have a $100 or more cell bill monthly or a $200 DISH bill and didn't let our MasterCard bill get much over $300 or so, so our family did without sometimes, again as many others did.

 

[Morrison71]

Is 2.5% good?

 

[Colonoscopy]

Glad to see you're coming around on student loan forgiveness

Universities suck and shouldn't be charging what they do. And kids shouldn't buy

 

[billanole]

My buddies locked in at 14% in the early/mid 80’s. We lucked into 10% in 1985.

 

[The Tradition]

Such bullshit. I see people going from floor nurses to highly-paid managers in only a few years in my industry.

If you're smart, work hard, and aren't a Karen, you can go as far as you want to go.

 

[WSC72]

Such bullshit. I see people going from floor nurses to highly-paid managers in only a few years in my industry.

If you're smart, work hard, and aren't a Karen, you can go as far as you want to go.

100% this

 

[luvmyhawks]

Is 2.5% good?

No. you should refinance it.

 

[Tiny Hands Trump]

No. you should refinance it.

 

[artradley]

My first home mortgage was 10.5% 35 years ago.

And mine was 12%. As was the mortgage on my second home.

It’s not the cost of housing that makes it difficult for young people, it’s the failure of wages to keep up, as the gap between middle class and wealthy continues to expands.

 

[mnole03]

Bought our house for a fraction of its current value. Refinanced at sub 2.5%. Bought Apple when they released the 3GS. Bought a bunch of Microsoft when Balmer was put out to pasture.

Sold it all and put our money into FTX.

 

[artradley]

Such bullshit. I see people going from floor nurses to highly-paid managers in only a few years in my industry.

If you're smart, work hard, and aren't a Karen, you can go as far as you want to go.

There is a math problem there.

 

[onlyTheObvious]

Glad to see you're coming around on student loan forgiveness

Should have went to junior college and then in state school if they couldn’t afford it.

 

[onlyTheObvious]

Going to be awesome when the younger generation develops AI applications to eliminate the older generations jobs/careers.

Those that are 50+ and doing fine can give AI the middle finger.

 

[WDSMHAWK]

Universities suck and shouldn't be charging what they do. And kids shouldn't buy

Or you know the government (state and federal) could fund higher education at the levels they used to that way kids aren't financially crippled.

 

[WDSMHAWK]

Should have went to junior college and then in state school if they couldn’t afford it.

Great, they go from $40,000 in student loan debt to $30,000. Problem solved!

 

[Dr. Phil Seuss]

My buddies locked in at 14% in the early/mid 80’s. We lucked into 10% in 1985.

the pussies financing 10x the mortgage at 7% while wages have nowhere near risen with inflation simply don’t know your struggle.

 

[ClarindaA's]

Going to be awesome when the younger generation develops AI applications to eliminate the older generations jobs/careers.

Won’t it eliminate their jobs too

 

[The Tradition]

There is a math problem there.

Yes, "Karen" is the ultimate variable.

 

[Dr. Phil Seuss]

Sold it all and put our money into FTX.

Lolz

 

[kcnole63]

1980 Orange County California. 12.5% interest rate on our mortgage.

Mine was higher than that in 1983.

 

[BonzoFury]

Such bullshit. I see people going from floor nurses to highly-paid managers in only a few years in my industry.

If you're smart, work hard, and aren't a Karen, you can go as far as you want to go.

True, but the niche' has a lot to do with it.

 

[NorthernHawkeye]

Or you know the government (state and federal) could fund higher education at the levels they used to that way kids aren't financially crippled.

Or high wages for university / college executives and professors could be reduced.

 

[onlyTheObvious]

Great, they go from $40,000 in student loan debt to $30,000. Problem solved!

Can’t pay that off? Get a better job or don’t go at all.

and if some only make interest payments for decades and then cry about. They should have their degree revoked for stupidity.

Or have it your way, raise taxes and pay for it. Just don’t dump more onto the debt.

 

[littlez]

My first home mortgage was 10.5% 35 years ago.

And you paid how much for a house? 60K?

 

[tumorboy]

Won’t it eliminate their jobs too

Not if they’re the one writing the code.

 

[onlyTheObvious]

Not if they’re the one writing the code.

Writing code? Roflmao. AI will wipe that out way sooner than many jobs. Big systems like SAP will use AI to just do what the user says.

SAP Salesforce Oracle are pouring billions into AI. Code writing is already considered a commodity pushed off to India more and more.

 

[HawkNester]

Thanks boomers