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by abustamam 54 days ago
As a millennial, I apologize for the blame and hate the boomer generation gets. But I think it's important to understand why the hate exists.

Many boomers grew up in an era where even if you dropped out of high school and waited tables full time for a few years, you'd be able to afford to buy a house and start a family by age 25. Sure, interest rates were 20%, but the price of a house was often just 2-3x someone's annual salary (single earner). Now the price of a house is often 4-5x a households annual salary.

Boomers also had access to stuff like pensions.

I think boomers wouldn't get hate if it weren't a trope for them to say that the millennial generation is lazy, entitled, etc. When milennials have to be extraordinary in order to live what used to be an ordinary life (3 bedroom house, 2 kids).

2 comments

I am right on the cusp of my home cost being 3x my salary, I bought it when it was 4x, but the interest rate was 2.75%.

If I refinanced now, I probably couldn't afford my own home.

You would be the subject of much envy for those on the west coast of Canada!
"for them to say that the millennial generation is lazy, entitled, etc" - they said it about Gen X too, but there's too few of us, so they focused on the Millenials instead.

I too dislike the Millenial whoop, but I like smashed avocado toast, so it's a wash for me.