A new report has found that millennials don't consider themselves adults until they reach the age of 30.
Yes, you read that correctly.
According to The Wrap, research compiled by David Poltrack, CBS' chief research officer and their ratings expert, as well as Nielsen Catalina Solutions, found that millennials consider themselves adults at age 30 because that's when they typically are completely responsible for themselves – they no longer reside with their parents and pay entirely for their own bills.
More @ The Daily Wire
It's pretty much tied to your job. There's supposedly a little downward mobility nowadays, especially because of the recession which never much ended in areas. So millennials are living below their accustomed living standard at least early on.
ReplyDeleteAnd so many of them pursue enjoyment over money when looking for work. I think that works very well for some people but not for everyone.
The positive is shale oil is booming. And there are probably lots of similar booms around the US. So, if you're willing to move, I expect you can earn a good bit. Canada has had similar booms with oil sands and such. There's nearly always some new big thing in part of the US.
The positive is shale oil is booming.
DeleteAbsolutely,last I read 7-11 starts at $15 up there.
Well, rent would be very high, so that $15 might be necessary to afford rent/transit.
ReplyDeleteIt is in some ways legitimately more difficult for the young today. Supposedly $15 an hour is akin to the minimum real wage of some years ago, 1970s maybe.
And safety is an issue. Society seems more dangerous, though they say murder rates are declining.
A huge percentage of the US has no savings, so we're headed for a serious crisis.
I'm not saying everyone's a victim who needs the government to save them. I'm saying things appear so bad to me that I believe we should exit out of our foreign commitments to focus on fixing domestic US. Reducing that tax burden would help.
Pensions are a future problem. Many states and municipalities are broke. I just don't believe this is a normal situation. The math has to add up, and people have to eat.
I don't know the comparison between today's poverty and debt and that of the past, but things sure look problematic to me. And closing the foreign empire would do a lot to potentially improve things.
It's said there aren't the same jobs available today as there were in the past. You have a high disparity between the top jobs and the other. And a bit of capital (or being "diverse") makes achieving those top positions much easier, isn't entirely talent.
So, I'm concerned. Thankfully I have no power, so it doesn't matter that I don't know all the solutions :) Only those with power really matter. I'd need to figure a way to become super wealthy to matter, because I'd have no political allies, haha.
Supposedly $15 an hour is akin to the minimum real wage of some years ago, 1970s maybe.
DeleteDon't know about then, but in the late 60's I got $6 a day on the farm but lived at home and money was of no concern. My Father's tenants got $4 but also a house, land for a garden and a side of beef and more every year. Hunger was not a problem.
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I believe we should exit out of our foreign commitments to focus on fixing domestic US.
Agreed.
$6 a day. Online tells me: "$6.00 in 1960 had the same buying power as $49.27 in 2017"
ReplyDelete$50 / 8 is $6.25/hr. I realise your tenants probably worked longer than 8hrs; but that's what today's worker expects, 8hrs.
No one used A/C back then. And I suspect our costs are different today. Food seems to cost more today, bc the stuff most people eat today is junk. For example, the meat is factory farmed and corn fed, which I think unhealthy. And wild food is prohibitively expensive.
I don't know how much you'd tolerate me discussing this, but I find that very interesting $6 a day could sustain a person. Healthcare wasn't very good back then, so life expectancy wouldn't be as long. Today, we expect better healthcare as a sort of right I suppose.
I suppose poverty doesn't seem bad if everyone lives similarly. Back in the '60s, the wealth gap wasn't so large as it is today.
You've also got costs from, for example, figuring independently how to instruct your children to resist the mass propaganda around them. The Internet is an improvement, but there's plenty of corruption on the Internet for children still. If both parents work today, then the children have to be somewhere else for daycare.
My primary concern of course isn't curing poverty/wealth gaps. They just seem to lead to other problems.
Online tells me: "$6.00 in 1960 had the same buying power as $49.27 in 2017"
DeleteMore than I expected.
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$50 / 8 is $6.25/hr. I realize your tenants probably worked longer than 8hrs; but that's what today's worker expects, 8hrs.
Yes, we worked 10 hours, but the wives took care of the house and gardens during the day.
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Food seems to cost more today
But ours came from the land
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wild food is prohibitively expensive.
Free except for traps, .22 ammo.
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Healthcare wasn't very good back then, so life expectancy wouldn't be as long.
My father was a country doctor also, so took care of the tenants without cost to them.
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You've also got costs from, for example, figuring independently how to instruct your children to resist the mass propaganda around them.
Homeschool is the only option except for a very few private schools and thanks for the comments. Seems strange that I'm typing this from Saigon. :)
Wow, a doctor. That's impressive.
DeleteSingle income $6/day is tough to believe. I guess people did a lot for themselves.
All he wanted added to his tombstone was 'A Country Doctor' which says it all.
Deletehttps://s1.postimg.org/e80aekxgf/DC_IV.jpg
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As you said that bought $50 worth back then which might be minimum wage today as the $6 was cash, no taxes taken out.