Also, boomers who built new homes with $200/mo mortgages in 60s and 70s, then sold them for $150-250K in 90s. 65 to 75% return on investment
Avocado toast isn’t the problem. The fact that millennials are paid 20% less than the previous generation is: http://comptroller.nyc.gov/newsroom/comptroller-stringer-report-finds-millennials-have-faced-toughest-economy-since-great-depression/ …https://twitter.com/TIME/status/864166012689817600 …
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Exactly! And don't forget the absence of student loans. CUNY offered free tuition through 1976.
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We did a groundbreaking report. Millennials have faced the toughest economy since the great depression. http://comptroller.nyc.gov/newsroom/comptroller-stringer-report-finds-millennials-have-faced-toughest-economy-since-great-depression/ …pic.twitter.com/75wueaeFYM
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Less pay(regardless of degree education) & higher cost of living are problems that need to be addressed somehow. The sooner the better.
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Right on! This Gen Xer appreciates your tweet. These articles are clickbait but also are socially toxic victim blaming.
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Paid less, work more, and are saddled with a lot more debt...
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My house isn't back to the value it was right before the recession. It lost 40% or more of its value & is inching back up
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The fact that wealthy speculators buy housing in the more economically viable cities with no intention of living there might figure in too.
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