Show of Hands

Nope. I'm in college.

My parents were deceased long before they were my age.

Obama took my husband's pension, life and health insurance. Otherwise we would be fine. Delphisalariedretirees.org
But we still would not have as much as my parents. They tucked money away when interest rates were high.

They never reached my age. I inherited what they left.

Well my Dad lived in the ghetto in jersey with 4 siblings, and my mom was poor also but in CA so yeah I'm better off.

Wow. Yeah. Hadn't considered it.

No, only because I'm single. If I were married I would be better off.

No. My mom had traveled to Russia, Europe, and my dad was still working. I took care of my mom till she died, now I'm taking care of my dad.

no - had to take early retirement in order to care for elderly parents. I will never be able to afford to travel as much as they did. I'm content with what I have, tho, because I earned what I have and I enjoy life.

Nope, thanks to The democrats my student loans are triple what my parents were. Since I'm a white male I am not eligible for Half of the scholarships... But it's fine I'll win in the end because even with the affirmative action bullshit..

Which proves that dumb luck trumps years of hard work.

Yes: today, my family makes more money than my parents did in real terms.

NO: we can't afford a home in Los Angeles, even with a gross pay > 200k/yr (...I'm not kidding)

only because we don't have kids.

No. Divorce do take a nasty bite!

Years ago kids were on their own at 18 to get a job and go to school. Now they live off mommy as long as they can.

yes, but I'm selfish and didn't breed, I can save my money for ME

Yes. But my parents had three kids by my age and I have 0. I moved up quick in my current job.

Yes, but I've taken more risk than they ever would and it's paid off financially.

Yep, but I'm still young (22)! Always room to move up. :)

99th percentile.

Some ways yes, others, no. I earned much more than my parents ever did, have a higher standard living, have travelled extensively, etc. But their house (that cost $10 K in 1952) was paid off and mine (that cost $500 K) isn't. Everything is relative.

Not really comparable. My parents had three young kids when they were my age. I think my dad technically still had some student debt from medical school (he was paying it off by working in rural Tennessee), so I guess a bit worse.

I definitely am.

Well my parents were low class citizens in Vietnam during the war so yes, I'd say I am as blessed as can be. And I never fail to remind myself each day to be grateful.

I'm 31 and my husband and I were recently pre-approved for a loan to buy our first home together. My parents are in their 50s and have never owned their own home. In their 30s, they were mostly sponging off of my grandparents. Nuff said.

My parents bought a house at 23 and 22. These days, that seems like witchcraft.

This question is covers multiple generations. As far as I am concerned, heck yeah better. But it's different for people in their earlier years now compared to my generation.

I don't think those who are under 21 realize where their parents were financially when they were the same age. Costs have gone up, production has gone up, and yet, wages have not in comparison.

Yesterday, I had $60 in my bank account. I got paid today so now I have $360 to last another 2 weeks. I'm 21.

Short answer: HAHAHAHAHAHA

graduated college in 2009... I'm in a simular position as my great grandparents

Yes and no. I have less debt, but they had two kids and a house - I'm single and renting.

Yes I am. My parents did better than my grandparents. If I ever have kids I would worry. America is on the decline.

Considering that both of my parents are probably dead, I'd say yes.

Much better off though there were a couple good years that my step father had a decent job as a miner from his brother in law.

Then the layoffs came and he realized no one would pay that amount of money for unskilled labor.

He NEVER worked again

Mom, yes. Dad, no.

Yes

I certainly am, but it's because they stressed education first and foremost and pushed me to succeed. I will be responsible for paying it back to care for them as they age.

... And then sore - despite taking a huuuuge pay cut when moving to the US.

I'm a little less financial set them they were

Definitely.

No :/

hell yes i am.

My parents could afford alot, I can't

Much worse at the moment, hopefully that'll change when I get out if school.

Much better.

My parents at my age had no money but they didn't have debt either. At 18 I am almost $6000 in debt and compared to my friends I'm lucky that's all I have one of my friends who is 18 is almost $60,000 in debt because of school

Yes

No way!

Probably not. I'm in college and they weren't.

Much better off. This could be attributed to the fact that I don't have 2 children or the fact that I started receiving a pension at the age of 23 or any number of other things.