Yes, exactly. The thing is all the richest counties in the country skew towards “one end of the spectrum.”. For whatever reason, that’s just what the demographic and voting data shows.
These are the type of places with the most millionaires because home prices have gone up so much in last decade. There are large areas up and down the costs where almost anyone who owned their home for 10-15 years is gonna be a millionaire.
I am not defending the media here, but I do not see where they are painting a rosy picture of the economy. Your screenshot shows news headlines that the economy grew 6.5% in Q2. Here’s a link to the Yahoo article, in case anyone is interested in reading it: https://news.yahoo.com/u-economy-grew-6-5-123709568.html?fr=sycsrp_catchall.
“The U.S. economy grew at an annualized 6.5% rate last quarter, the government said Thursday — slower than the 8.4% economists expected.”
We can agree on this.
Sadly, it is a seller’s market. I am not sure where you are located, but the housing market in MA has always been pricey. Good thing I am not looking to buy in today’s crazy market.
Well, if you must drive a Telluride or you are looking to impress your neighbors with a new car, then that’s on you (the consumer). If you can’t afford a $60k car/loan, then maybe you should be looking at cheaper options.
Not so sure about this. At least from my limited few family members that just graduated. Hospitals are offering bonuses and student loan forgiveness again. Haven’t seen that since early 2000s. Investment banking is having a hard time filling entry level 6 figure jobs. Menial non labor jobs are 15/hr+. It all comes down to what you studied. If you can’t land at least $1000/wk then it wasn’t the right major. And if you have 100k+ in debt and can’t get a job then it really really wasn’t the right major.
Is this finger wagging at me? Because it misses the point entirely.
I was fortunate enough to land a great job in the biotech sector in San Diego, I’m fairly set.
But millions of kids my age are not. Even fellow friends that I just graduated with are struggling, or are making $17 an hour in Covid testing labs. And millions more of Gen Z kids outside of my immediate circle of influence decided to choose art degrees.
School is expensive no matter what. Tuition alone at the University of California is ~20k a year. Housing and living expenses excluded from that.
There’s a bunch of big bubbles growing in unison, and if one pops the others are sure to follow.
It’s a big country and the world needs ditch diggers too. Can’t afford to live on $17/hr in Cali, move.
I wasn’t wagging a finger at you, just your comment. Entitlement flys high with your generation. A living wage and health (sick) care are not human rights. Neither are cars and affordable housing (that’s what roommates are for).
I’m considered the first year of millennials although I don’t identify at all with them. I’ve been through 9/11 while in college (talk about a bad economy). Graduated grad school right at the 2008 collapse (lost tens of thousands in lost wages starting a career then).
Life is not at all hard these days. Many people should not be in college. Especially when we’re so short of tradesman that easily make $50/hr. But these frail kids instead go to art school at 25k a year and become communists when they can’t find a job…
Looking for someone to blame for the bubbles? Look no further then Uncle Sam. However all this loose monetary policy is why this generation is able to make 100k+ on only fans instead of actually working at a strip club. Or selling their nfts for thousands. There’s opportunity everywhere. Just remember to save half for the tax man in this gig economy. Bc biden is hiring a gestapo of irs workers to squeeze every last nickel out.
We’re in no disagreement. My generation in particular is one of the laziest, least motivated, and least survival - oriented group of babies in the country’s history. We complain about how hard our cushy technology filled and safe life is, but imagine us trying to find food and shelter on our own 150 years ago.
That withstanding, the reality is that there’s likely to be large defaults on student loans in the future. And that will spill over into other parts of the economy.
Comment of the year, I laughed out loud on a client call.
You sound like angry, cranky , fed up with all this whiny shit Gen X. I always watch the boomer vs millennial/z fights, and all I keep thinking is there is a whole generation in between that’s tired of both of your bullshit!
Don’t get me started on boomers. They’re way more to blame for this countries woes with their complacency. They benefited from everything and contributed almost nothing. They were the true lottery winners in the corporation of the United States of America.
It’s funny to watch generations argue, especially when it’s the same-old “these kids today have it so easy! they’re so lazy! blah blah blah” vs. “old people just don’t get it!” The exact same conversation has been happening since antiquity.
It’s like the aging brain can’t do anything to seek comfort except finding ways to complain about how the world is changing. And find unicorn lease deals 
.
Yes the powers that be love pitting us against each other. I get it. Have you tried talking economics with your average boomer? Or tried hiring a millennial?
Crazy thought. You don’t HAVE to go 100K in debt to go to college. You act like this is a necessity life like food and shelter.
Instead of defaulting…or letting students default on loans they chose to take out how about we put them to work to pay them down? Infrastructure throughout the country could surely use a boost. We’ll put you up in dorm type housing, provide a cafeteria to eat in, and you can have a day off a week.
Sit back and watch how many loans no longer trend towards defaulting.
Overall, too many sheep in this country and not enough lions.
The word you are looking for is forced labor camp.
Crazy thought, it’s not whether or not you have to, it’s the fact that millions DID.
Saying “you shoulda not done that” does not fix the problem.
Crazier is that when I went to my state’s university as a resident in the 1980’s, I did not accrue any debt as tuition was $10 per unit.
I did work part time as a security guard to pay for the books though.
Glad I did not have to rack up any student loan debts…
What problem? That people made dumb decisions and now regret it? No one put a gun to their heads and made them take a loan. Why don’t we have a government program to buy out all the stupid leases that people made on this site?
Bad decisions have consequences it’s called being an adult.
The “crisis” will end when people stop taking out 100K loans to major in under water basket weaving.
Let’s stay on topic, which is about car prices.
