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[-] Sciaphobia@sh.itjust.works 267 points 3 days ago* (last edited 3 days ago)

"In many ways, this age group is in a better place financially, on average, than their parents were at this age. The problem is that they don’t seem to know it."

Yeah? What ways are those?

Is this one?

“Our expectations are so much higher today,” says Melissa Kearney, an economist at the University of Maryland whose research focuses on children and family. “Generations before us didn’t expect to have large houses where every kid had a bedroom and there were multiple vacations.”

We just shouldn't expect to have mansions for our many many kids? Fuck you. I don't have kids, am experienced in a well paying career and I can't afford a house at all unless I go somewhere that I can't find the kind of work I do in. That's not even considering the lack of kids many of us have, because we can't afford them.

Fuck this out of touch shit. I'm so sick of these people who already got theirs telling the people who can't do the same that it's their own fault. This fucking article goes further than that suggesting it's worse than our own fault because we're better situated somehow.

Avocado toast ass argument. This country needs more guillotines.

[-] kibiz0r@midwest.social 95 points 3 days ago* (last edited 3 days ago)

Yeah, they cherry-pick that average income is up vs previous generations, adjusted for inflation.

Okay, but… cost of living has gone up.

Not just for the things that existed 40 years ago, but also from the new things that are necessary for maintaining a career, like broadband internet and a smartphone.

Needing a fucking subscription for your toaster or hair dryer or stairs or whatever. Having to tip your landlord.

They had a guy in the article that owes 200k in student loans! This is not apples-to-apples.

And also, so what if it’s up in average? Inequality is the worst it’s ever been. They barely sneak an asterisk in to address that, too.

[-] Pollo_Jack@lemmy.world 33 points 3 days ago

Average income isn't even useful because the only salaries that have gone up are CEOs.

[-] merdaverse@lemmy.zip 29 points 3 days ago* (last edited 3 days ago)

Average real income (adjusted for inflation) has been pretty steady in the last 50 years for the bottom 50% bracket. The higher up you go in the income bracket the higher the growth becomes. The real income of the top 0.01% has grown by 670% in that same time. So you can see where all that extra wealth generated from 2x productivity boost has gone. Trickle up economics.

Source with nice graphs

*This is for the USA, but if you look at data for other countries the tendency is the same.

[-] Doc_Crankenstein@slrpnk.net 2 points 1 day ago

"trickle up economics"

Aka ... Capitalism

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[-] Scubus@sh.itjust.works 74 points 3 days ago

Your parents had one dollar, you have three. Much rich. Nevermind the fact that your parents one dollar was the down payment on a car and you cant afford a bowl of lettuce.

[-] Lushed_Lungfish@lemmy.ca 41 points 3 days ago

I remember reading this in an Uncle Scrooge comic when I was a kid. For context, Uncle Scrooge was explaining how money works to his nephews. The gist was "it's not how much money, but how much it will buy that counts".

I learned that lesson from a Scottish cartoon duck.

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[-] waspentalive@lemmy.world 29 points 3 days ago

They had $1.00, but the bread was 50 cents. The 30-somethings have $3.00, but bread is now $5.00, just saying how many slips of green paper a has compared to b is useless when those slips buy less and less.

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[-] Thedogdrinkscoffee@lemmy.ca 39 points 3 days ago

It's not out of touch, its deliberate gaslighting.

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[-] unexposedhazard@discuss.tchncs.de 40 points 3 days ago

Aaaaah nooooo they actually used the words "arrested development" which is the name of the show that this quote comes from:

It’s one banana, Michael. What could it cost, $10?

https://www.youtube.com/watch?v=Nl_Qyk9DSUw

https://en.wikipedia.org/wiki/Arrested_Development

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[-] driving_crooner@lemmy.eco.br 28 points 3 days ago

Are those smaller houses in the room with us?

Lmao, like in 95% of the US people can't build anything but single family houses.

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[-] bcgm3@lemmy.world 20 points 3 days ago

Just more propaganda from the haves to the have-nots. Everything that sucks about your life is directly related to your personal lack of willpower, your unwillingness to hustle, your inability to see the ways the market moves and pivot in just the right way and at just the right moment. No, don't look at your neighbors, stop noticing all the other crabs in the bucket, this is your shortcoming. This is because you suck. Work more hours, sacrifice more of your connection to nature and friends and family, stop asking questions. What is life if not servitude? What is existence if not submission? Stop thinking and start doing what you're told. Don't look up. Don't you EVER look up.

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[-] atro_city@fedia.io 182 points 3 days ago

How are so many people still on Xitter?

[-] the_q@lemmy.zip 120 points 3 days ago

The same way people are still on heroin.

[-] atro_city@fedia.io 33 points 3 days ago
[-] dohpaz42@lemmy.world 60 points 3 days ago

Yes. Dopamine is a helluva drug.

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[-] IndustryStandard@lemmy.world 23 points 2 days ago

Have you thought about buying a house instead of an avocado???

[-] jj4211@lemmy.world 14 points 2 days ago
[-] Buddahriffic@lemmy.world 10 points 2 days ago

And if they stopped, some shitty writer will write an article whining about gen evil killing the hot served coffee industry.

[-] IndustryStandard@lemmy.world 6 points 2 days ago

That is based and factual. Everyone needs to boycott Starbucks.

[-] etherphon@midwest.social 108 points 3 days ago

Most of us just realized long ago the game is fucking rigged so what's the fuckin point.

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[-] ghosthacked@lemmy.wtf 18 points 2 days ago

Imagine renting or getting a mortgage in this shitty society with no job security.

[-] ameancow@lemmy.world 13 points 2 days ago

I've been laid off four times in my adult life.

I had a mortgage, I couldn't keep it. See above.

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[-] dellish@lemmy.world 84 points 3 days ago

In Capitalist America, milestones bypass you!

[-] aeternum 35 points 3 days ago

lol. buying a house? having kids? I can barely afford to EAT, let alone bring another person into the world.

[-] 100_kg_90_de_belin@feddit.it 15 points 3 days ago

And yet both legacy and new media unironically tells you to pull yourself up by your own bootstraps

[-] aeternum 23 points 3 days ago* (last edited 2 days ago)

like the rich dude who said he could make $1M in one year, starting from homelessness. He cheated, and he still only made $60K

[-] BarneyPiccolo@lemmy.today 7 points 2 days ago

Many couples are putting off marriage because they both have student loans, and they don't want to make their credit even worse.

Worse, one might have loans, but not the other. Would you want to marry someone knowing you have to take on $100K in debt?

[-] stickly@lemmy.world 11 points 2 days ago

Pretty funny that the article and the reply both implicitly assume adulthood is owning things or doing certain activities. Adulthood is being able to navigate life through adversity. Every young person I know treading water with unstable income and no support is way more 'grown up' than boomers complaining about having to cut back on retirement cruises.

[-] UnculturedSwine@lemmy.dbzer0.com 50 points 3 days ago

Whoa, I feel like I jumped back in time 10 years when these corporate meat-riders were blaming us for their beer businesses failing while simultaneously telling us the reason we're struggling is that we're being irresponsible with our money. The "arrested development" is the USA's disillusionment with capitalism.

[-] ieGod@lemmy.zip 9 points 3 days ago

I think lack of accountability is a common trait among americans in general though. Everything is someone else's fault. The individual is sacrosanct. They can do no wrong.

[-] Cargon@lemmy.ml 38 points 3 days ago

The WSJ is a right wing rag, unfit for toilet paper. No one should be surprised they publish half wit musings.

[-] fartographer@lemmy.world 88 points 3 days ago

I didn't skip my loan payment, I bypassed it. You've made me bypass numerous meals over the years.

[-] ininewcrow@lemmy.ca 32 points 3 days ago

Or better yet .... more and more people will start to realize that it's cheaper in the long run to just skip your loan payments. Even if you lose everything, how much more can you lose?

And when enough people lose, the banks and corporations start losing as well. So it's in the best interest of the banks to keep everyone afloat as long as possible to keep up the illusion that the system is still working.

It's a precarious balance between making people believe that they need to stay in the game and stopping them from thinking that the game is rigged.

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[-] kittenzrulz123 27 points 3 days ago

The only growing emotionally that needs to happen is for the American people to grow some class consciousness.

[-] Tollana1234567@lemmy.today 24 points 3 days ago* (last edited 3 days ago)

A murdoch tabloid says as much. its for boomer/older gen x consumption.

[-] deathbird@mander.xyz 41 points 3 days ago

The milestones have become outcroppings on a sheer rock face. Gripping like hell to one while searching for the next one. Stretching, grasping, searching, missing.

No rope.

[-] pixeltree 20 points 3 days ago

Oh I'm gonna involve a rope

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[-] Formfiller@lemmy.world 29 points 3 days ago

It’s because we’re all accepting this unfair system even though the social contract has been broken. The first step is to stop accepting this system.

[-] Jyek@sh.itjust.works 8 points 2 days ago

Most of us are preoccupied with survival.

[-] BarneyPiccolo@lemmy.today 9 points 2 days ago

And anyone with the potential for a future, destroyed it all as soon as they became an adult by taking on a mountain of student loan debt, only to be told that the career they paid a fortune for is being largely replaced by AI.

[-] Reality_Suit@lemmy.world 55 points 3 days ago

The answer is so easy:: make doing things affordable, and people will do things... anything, it doesn't matter. Do you want people to have kids? Make having kids affordable. This is unregulated capitalists' fault. Plain and simple.

[-] NigelFrobisher@aussie.zone 25 points 3 days ago

I wasn’t going to have kids and become poor just to feed some stupid orphan-crushing machine.

[-] A_norny_mousse@feddit.org 39 points 3 days ago

This image popped into my mind upon reading the headline; I hope my meaning comes across:

gentlemen

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[-] Boozilla@lemmy.world 27 points 3 days ago

WSJ motto: always be punching down.

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this post was submitted on 23 Oct 2025
1557 points (100.0% liked)

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