Re:Young 'to be poorer than parents at every stage of life'
by roymurdock on Tuesday November 24, 2015 @02:17PM
(#10622877)
Gotcha, thanks for clarifying. Yes we do live in an amazing time where the standard of living/availability of goods and services in developed countries is great relative to 40 years ago.
The only thing I would push back on is the increasing cost of some of the more fundamental investments - higher education and housing. Can't (sustainably) enjoy fast computers/airplanes/Amazon without a degree and a home.
Re:Young 'to be poorer than parents at every stage of life'
by austenallred on Tuesday November 24, 2015 @03:34PM
(#10623480)
I suppose it depends on where you live/where you go to school. I went to BYU so my tuition was $2k/yr (then dropped out, so no degree either), and I live in a small town so I pay very little for rent ($800/month for a three bedroom house, work remotely). If you're in SF though, yeah, you're in trouble.
Adjusted according to inflation I make slightly less money than they do - meaning I have less cash in my bank account. But the prices of everything are being driven down so quickly that I live a much fuller life than they did on a per-opportunity basis.
I have access to all the world's information, seemingly infinite entertainment, and a faster computer than they could even imagine in my pocket (not to mention my tablet and laptop). I can travel the world (I actually make money when I do so by Airbnb'ing my house), Amazon drops stuff they couldn't afford on my doorstop for very cheap.
So I make slightly more, but what I have access to is much greater than they did. I'd argue my life is much richer (er, wealthier), despite making slightly less.