I understand your points Andrew. But when I see quotes from the article saying the following it seems like entitlement to me:
"Looking forward, she said, it seemed hard to imagine building a nest egg. “Realistically,
my income will go up, but not at a rate that’s going to match my expenses,” Ms. Brady said. “I feel like every step forward I take, it’s three steps back.”
and
"Chuck Ross, 31, has a
master’s in economics and at one point built up a $12,000 nest egg from investing. But he lives in Wichita, Kan., where jobs in his field are few. He works at a large chain restaurant and is struggling with $40,000 in student loans. “
My dad works for himself,” he said. “He’s always joking about how he’ll work until he dies. We laugh, but for me, that’s becoming more and more of a thought.”--- "Income thats not going to match my expenses" and "... how my dad jokes about working until he dies and now thats what I'm thinking." coming from someone with a masters in economics seems like terms of entitlement to me. How about re-phrasing it to "... I'll match my expenses to my current income" and "I'll apply my education and work harder so my fathers reality doesn't become mine" and stop the complainypants "poor me, cant make it" mentality.
--- The economy has never had as many opportunities for "outside the box" thinking people and entrepreneurs (much more now than the 50's and 60's) who want it more than the next guy. But when you put all your eggs in one tuition / degree / career basket nowadays you are doomed for failure if you cant afford to be flexible with your expectations.
--- The doubling of wealth between generations quote came directly from the article:
"Ms. Brady has plenty of company. A new study from the Urban Institute finds that Ms. Brady and her peers up to roughly age 40 have
accrued less wealth than their parents did at the same age, even as the average wealth of Americans has doubled over the last quarter-century.
--- The reference of the girl suing the college over her grades also references a few more people doing the same as her. Point is that frivolous lawsuits like this are the norm nowadays for people who put out the minimal effort and want the maximum return and will put out their effort to sue vs doing what they should have all along - working a little harder and being flexible. Yes, there have been people across all generations with this same mindset but todays generation takes that to a whole new level.
--- IMO, I can respect the grit and grind of our aging generation and the way that they found ways to make it work without complaining, suing and working the system. Todays generation focus on comments like:
“I’m in that extremely nervous category,” said Ms. Brady, 28, a Brooklynite who works for a union. “I know how much money I’m going to be making for the near term.
I hope in my 30s and 40s to be able to save, but I have no idea how. It’s scary.”
--- ... this coming from someone who has a masters and bachelors degree, a stable job with a union and good benefits but cant save a dime and has $500 per month in CC debt. Pretty obvious whats wrong if you ask me - needs to get her head out of her a$$ and stop making excuses for herself ....
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