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Show Of Hands October 24th, 2014 1:55am

Are you better off financially than your parents were when they were your age?

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cannoneer Columbiana
10/26/14 8:30 am

My parents were deceased long before they were my age.

acwiz Michigan
10/25/14 2:48 pm

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.

sweetie San Antonio, Texas
10/25/14 12:25 pm

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

saliemster California
10/24/14 10:33 pm

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.

lisalashe
10/24/14 8:25 pm

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

ladyniner81 I hate people
10/24/14 6:52 pm

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.

shygal47 Florida east coast
10/24/14 12:58 pm

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.

TheLastAmerican fairfax
10/24/14 9:23 am

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..

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TheLastAmerican fairfax
10/24/14 9:23 am

I'm getting into a great med school.

dudley northern Virginia woods
10/24/14 7:48 am

Which proves that dumb luck trumps years of hard work.

fahq2 Loving Life
10/24/14 7:39 am

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)

cshuey1 Pennsylvania
10/24/14 7:27 am

only because we don't have kids.

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hrankta
10/24/14 6:09 am

No. Divorce do take a nasty bite!

rons Thanks America
10/24/14 5:13 am

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.

TheLastAmerican fairfax
10/24/14 9:25 am

I live at my parents but I'm moving out next year. College tuition costs a lot now because the democrats don't understand supply and demand or banking economics. I have had a job my whole college career, but I have never made enough to move out.

TheLastAmerican fairfax
10/24/14 9:26 am

In your day before people like you voted selfishly, you could pay for college and an apartment with an entry level job. It's not like that anymore buddy...

rons Thanks America
10/24/14 9:29 am

Your absolutely right! My grandson will be in that situation next year. Colleges and their agendas are expensive now.

rons Thanks America
10/24/14 10:24 am

In my day I was 21, married with a baby making 60 bucks a week. Expenses were rent and electric. No internet, cell phone or cable TV expense. Ate at home low cost meals. Scrimped and saved to pay for college. No car no nothing.

rons Thanks America
10/24/14 10:27 am

Parents couldn't help neither could the in laws. Became a computer programmer in 1966. game over! Great life since then! Even got a car at 23!

TheLastAmerican fairfax
10/24/14 4:15 pm

That must've been a gold rush becoming a computer programmer in 1966

Nos4at2 demented weirdo
10/24/14 4:57 am

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

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FlipFlopGirl Sic semper tyrannis
10/24/14 3:52 am

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

jdw
10/24/14 3:11 am

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

RINOTom Peoria, IL
10/24/14 1:09 am

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

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wythaneee
10/23/14 11:04 pm

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.

bethanyq Ess Eff
10/23/14 10:52 pm

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.

Toranius California
10/23/14 10:31 pm

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.

FlipFlopGirl Sic semper tyrannis
10/24/14 3:50 am

That's an amazing perspective to have!! You're parents should be proud they raised such a grounded person..

jenkp223 Being a mommy
10/23/14 10:26 pm

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.

bethanyq Ess Eff
10/23/14 10:53 pm

Congrats on getting pre-approved!

bnnt Los Angeles
10/23/14 10:05 pm

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

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CoffeeNow Powderpuff Leftist
10/24/14 7:14 am

Why? I bought a house near that age

RJ1969 SoCal
10/23/14 9:30 pm

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.

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kreich1990 A Galaxy far...far away.
10/23/14 9:25 pm

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.

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NikkiKitti47
10/24/14 6:55 pm

I'm 22 and I can tell. My parents were able to buy there first house before both were in there 30s. Both work factory jobs. I won't be able to afford to buy a house. I just graduated with an associates degree in health care management.

NikkiKitti47
10/24/14 6:57 pm

Where I live it's hard to get a job in this field. So going to culinary school since I'm working as a pizza chef currently. I'm making only 50 cents more then miminum wage as a full time chef.

KAnne Atlantic City, NJ
10/23/14 9:09 pm

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

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Soz520 Belle Mead
10/23/14 8:58 pm

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

bMyComrade Beantown
10/23/14 8:33 pm

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

centexken Republic of Texas
10/23/14 8:30 pm

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

Extremist The Batcave
10/23/14 8:23 pm

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

RJ1969 SoCal
10/23/14 9:27 pm

Come on. Keep happy thoughts.

j0p Pittsburgh
10/23/14 8:13 pm

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

ThomasK
10/23/14 7:53 pm

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.

LadyA Earth Explorer
10/23/14 7:50 pm

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

NikkiKitti47
10/23/14 7:48 pm

I'm a little less financial set them they were

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CudOfCow Oregon
10/23/14 7:42 pm

actually...im not 100% certain...ill have to ask them. its weird with inflation..

PoliticalMemes Liberty
10/23/14 7:38 pm

My parents could afford alot, I can't

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aj1545 Cat Lady
10/23/14 7:29 pm

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

dventola98 CMU
10/23/14 7:26 pm

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

Crawdaddy11 Proud Firster
10/23/14 7:23 pm

Well then get a second job and stop being lazy!

EarlyBird Portland
10/23/14 7:28 pm

Haha!!
Thanks for the pep talk. I'll get right on it!!

sd123 San Diego
10/23/14 7:33 pm

Crawdaddy are you lazy if you work 40 hours a week? Do you think we should extend the standard workweek then?

People aren't just lazy because they aren't working TWO jobs, do you really want your entire life to be work?

EarlyBird Portland
10/23/14 7:37 pm

Sd- it's ok, Crawdaddy was teasing me. He wasn't serious.

sd123 San Diego
10/24/14 3:18 pm

There needs to be a "sarcastic" font

EarlyBird Portland
10/24/14 3:57 pm

Yes, and I do appreciate you speaking up for me. Thank you :-))

gallae Michigan
10/23/14 7:09 pm

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

StilettoMiss SF med law, meme queen
10/23/14 7:07 pm

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.