World Turned upside down

[sdrealtor]

You didnt disagree you engaged in strawman. We had 1 TV we kept for 20 years. We never ate out. It wasnt that clothes were more or less, we used hand me downs and 4 to 5 different kids wore them. We had 1 phone line for 6 people not 6. We didnt go on exotic vacations even though we were upper middle class. My next door neighbor (a very successful dr) kept a Buick Skylark for 15 years. We just lived differently back then as did most people. The world is a different place today.

[bearishgurl]

[quote=sdrealtor]You didnt disagree you engaged in strawman. We had 1 TV we kept for 20 years. We never ate out. It wasnt that clothes were more or less, we used hand me downs and 4 to 5 different kids wore them. We had 1 phone line for 6 people not 6. We didnt go on exotic vacations even though we were upper middle class. My next door neighbor (a very successful dr) kept a Buick Skylark for 15 years. We just lived differently back then as did most people. The world is a different place today.[/quote]

Agree with all of your post, sdr, but also agree with CAR that clothing, electronics, vehicles, etc cost families a much larger percentage of household income than they do today.

For instance, when we got our first color TV (new) in 1966 it cost my dad over $500 (purchased in Oakland, CA):

see: http://www.youtube.com/watch?v=Mo8n3jLoM_U

Our monthly household income at that time was approx $1,200 (MC to upper MC). Today a family with a household income of $1,200, who needs a TV will purchase it for <=$50 from a garage sale or ask a relative to give them an extra one they might have sitting around. They also qualify for an EBT card (formerly "food stamps") and MAY even qualify for Medi-Cal.

[bearishgurl]

[quote=sdrealtor]You didnt disagree you engaged in strawman. We had 1 TV we kept for 20 years. We never ate out. It wasnt that clothes were more or less, we used hand me downs and 4 to 5 different kids wore them. We had 1 phone line for 6 people not 6. We didnt go on exotic vacations even though we were upper middle class. My next door neighbor (a very successful dr) kept a Buick Skylark for 15 years. We just lived differently back then as did most people. The world is a different place today.[/quote]

Agree with all of your post, sdr, but also agree with CAR that clothing, electronics, vehicles, etc cost families a much larger percentage of household income than they do today.

For instance, when we got our first color TV (new) in 1966 it cost my dad over $500 (purchased in Oakland, CA):

see: http://www.youtube.com/watch?v=Mo8n3jLoM_U

Our monthly household income at that time was approx $1,200 (MC to upper MC). Today a family with a household income of $1,200, who needs a TV will purchase it for <=$50 from a garage sale or ask a relative to give them an extra one they might have sitting around. They also qualify for an EBT card (formerly "food stamps") and MAY even qualify for Medi-Cal.

[bearishgurl]

[quote=sdrealtor]You didnt disagree you engaged in strawman. We had 1 TV we kept for 20 years. We never ate out. It wasnt that clothes were more or less, we used hand me downs and 4 to 5 different kids wore them. We had 1 phone line for 6 people not 6. We didnt go on exotic vacations even though we were upper middle class. My next door neighbor (a very successful dr) kept a Buick Skylark for 15 years. We just lived differently back then as did most people. The world is a different place today.[/quote]

Agree with all of your post, sdr, but also agree with CAR that clothing, electronics, vehicles, etc cost families a much larger percentage of household income than they do today.

For instance, when we got our first color TV (new) in 1966 it cost my dad over $500 (purchased in Oakland, CA):

see: http://www.youtube.com/watch?v=Mo8n3jLoM_U

Our monthly household income at that time was approx $1,200 (MC to upper MC). Today a family with a household income of $1,200, who needs a TV will purchase it for <=$50 from a garage sale or ask a relative to give them an extra one they might have sitting around. They also qualify for an EBT card (formerly "food stamps") and MAY even qualify for Medi-Cal.

[bearishgurl]

[quote=sdrealtor]You didnt disagree you engaged in strawman. We had 1 TV we kept for 20 years. We never ate out. It wasnt that clothes were more or less, we used hand me downs and 4 to 5 different kids wore them. We had 1 phone line for 6 people not 6. We didnt go on exotic vacations even though we were upper middle class. My next door neighbor (a very successful dr) kept a Buick Skylark for 15 years. We just lived differently back then as did most people. The world is a different place today.[/quote]

Agree with all of your post, sdr, but also agree with CAR that clothing, electronics, vehicles, etc cost families a much larger percentage of household income than they do today.

For instance, when we got our first color TV (new) in 1966 it cost my dad over $500 (purchased in Oakland, CA):

see: http://www.youtube.com/watch?v=Mo8n3jLoM_U

Our monthly household income at that time was approx $1,200 (MC to upper MC). Today a family with a household income of $1,200, who needs a TV will purchase it for <=$50 from a garage sale or ask a relative to give them an extra one they might have sitting around. They also qualify for an EBT card (formerly "food stamps") and MAY even qualify for Medi-Cal.

[bearishgurl]

[quote=sdrealtor]You didnt disagree you engaged in strawman. We had 1 TV we kept for 20 years. We never ate out. It wasnt that clothes were more or less, we used hand me downs and 4 to 5 different kids wore them. We had 1 phone line for 6 people not 6. We didnt go on exotic vacations even though we were upper middle class. My next door neighbor (a very successful dr) kept a Buick Skylark for 15 years. We just lived differently back then as did most people. The world is a different place today.[/quote]

Agree with all of your post, sdr, but also agree with CAR that clothing, electronics, vehicles, etc cost families a much larger percentage of household income than they do today.

For instance, when we got our first color TV (new) in 1966 it cost my dad over $500 (purchased in Oakland, CA):

see: http://www.youtube.com/watch?v=Mo8n3jLoM_U

Our monthly household income at that time was approx $1,200 (MC to upper MC). Today a family with a household income of $1,200, who needs a TV will purchase it for <=$50 from a garage sale or ask a relative to give them an extra one they might have sitting around. They also qualify for an EBT card (formerly "food stamps") and MAY even qualify for Medi-Cal.

[Arraya]

[quote=bearishgurl]
From what I’ve seen, a pervasive “sense of entitlement” exists among young people today. I’m struggling with how to fix this in my own daily experience. I guess this generation will figure it all out when their “dream job” fails to materialize right away for many of them after graduation from college. Some of these recent graduates will have to begin making student loan payments at the six-month mark after graduation causing them to enter the “school of hard knocks” along their eventual path to “self-sufficiency.”

It takes way too long for most young people to become self-sufficient today and I don’t know what can be done about this.[/quote]

Youth unemployment(<25) is close to 25% in europe with places like Greece and Spain at close to 50%. In the states its over 35% in lower income areas with the higher income areas, slightly lower and burdened with crushing debt(another bubble ready to blow).

All I can say is tick tock

[Arraya]

[quote=bearishgurl]
From what I’ve seen, a pervasive “sense of entitlement” exists among young people today. I’m struggling with how to fix this in my own daily experience. I guess this generation will figure it all out when their “dream job” fails to materialize right away for many of them after graduation from college. Some of these recent graduates will have to begin making student loan payments at the six-month mark after graduation causing them to enter the “school of hard knocks” along their eventual path to “self-sufficiency.”

It takes way too long for most young people to become self-sufficient today and I don’t know what can be done about this.[/quote]

Youth unemployment(<25) is close to 25% in europe with places like Greece and Spain at close to 50%. In the states its over 35% in lower income areas with the higher income areas, slightly lower and burdened with crushing debt(another bubble ready to blow).

All I can say is tick tock

[Arraya]

[quote=bearishgurl]
From what I’ve seen, a pervasive “sense of entitlement” exists among young people today. I’m struggling with how to fix this in my own daily experience. I guess this generation will figure it all out when their “dream job” fails to materialize right away for many of them after graduation from college. Some of these recent graduates will have to begin making student loan payments at the six-month mark after graduation causing them to enter the “school of hard knocks” along their eventual path to “self-sufficiency.”

It takes way too long for most young people to become self-sufficient today and I don’t know what can be done about this.[/quote]

Youth unemployment(<25) is close to 25% in europe with places like Greece and Spain at close to 50%. In the states its over 35% in lower income areas with the higher income areas, slightly lower and burdened with crushing debt(another bubble ready to blow).

All I can say is tick tock

[Arraya]

[quote=bearishgurl]
From what I’ve seen, a pervasive “sense of entitlement” exists among young people today. I’m struggling with how to fix this in my own daily experience. I guess this generation will figure it all out when their “dream job” fails to materialize right away for many of them after graduation from college. Some of these recent graduates will have to begin making student loan payments at the six-month mark after graduation causing them to enter the “school of hard knocks” along their eventual path to “self-sufficiency.”

It takes way too long for most young people to become self-sufficient today and I don’t know what can be done about this.[/quote]

Youth unemployment(<25) is close to 25% in europe with places like Greece and Spain at close to 50%. In the states its over 35% in lower income areas with the higher income areas, slightly lower and burdened with crushing debt(another bubble ready to blow).

All I can say is tick tock

[Arraya]

[quote=bearishgurl]
From what I’ve seen, a pervasive “sense of entitlement” exists among young people today. I’m struggling with how to fix this in my own daily experience. I guess this generation will figure it all out when their “dream job” fails to materialize right away for many of them after graduation from college. Some of these recent graduates will have to begin making student loan payments at the six-month mark after graduation causing them to enter the “school of hard knocks” along their eventual path to “self-sufficiency.”

It takes way too long for most young people to become self-sufficient today and I don’t know what can be done about this.[/quote]

Youth unemployment(<25) is close to 25% in europe with places like Greece and Spain at close to 50%. In the states its over 35% in lower income areas with the higher income areas, slightly lower and burdened with crushing debt(another bubble ready to blow).

All I can say is tick tock

[sdrealtor]

We had a very similar TV as that one but we only had the one and we kept it 20 years. That is a major difference. Today TV’s get replaced not because they fail but because something better comes along every couple years. That is what CAR isnt factoring into the equation.

[sdrealtor]

We had a very similar TV as that one but we only had the one and we kept it 20 years. That is a major difference. Today TV’s get replaced not because they fail but because something better comes along every couple years. That is what CAR isnt factoring into the equation.

[sdrealtor]

We had a very similar TV as that one but we only had the one and we kept it 20 years. That is a major difference. Today TV’s get replaced not because they fail but because something better comes along every couple years. That is what CAR isnt factoring into the equation.

[sdrealtor]

We had a very similar TV as that one but we only had the one and we kept it 20 years. That is a major difference. Today TV’s get replaced not because they fail but because something better comes along every couple years. That is what CAR isnt factoring into the equation.

[Author]

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