[joec]

I suppose I’m in the camp that think the upcoming generation will have a lower standard of living than our parents or people who are in their 40-50s currently on these forums.

30 years ago, an honest guy can find a decent blue collar job, get married to a stay at home spouse, buy a small house, have 2.5 kids, get 1-2 cars before and pay for the kid’s public school education and with the pension, live ok in retirement.

Nowadays, anyone without a pension is in a world of hurt with how much they have to save for retirement.

Also, in the past, public sector jobs (government) used to pay less than private sector jobs. That has since reversed now according to multiple reports. Here’s the first link I saw on a Google search:
http://reason.com/blog/2010/01/05/public-sector-vs-private-secto

Wages are 30% higher in the public sector and benefits are 70% higher.

Since pensions are gone now and people are living longer in retirement, most younger folks will have a lower quality of life since a lot of blue collar work is gone so it’s off to advanced degrees and college (more debt service); that may or may not lead to better paying jobs and we’ve all seen the reports of the tough employment market due to a global economy. Even industries such as law, nursing have it tough.

Also, with higher costs for housing (rent even), education and medicine, you now have both parents working to support the household and college since without a degree, it’s even harder to find work.

I don’t disagree that we have more luxuries and as a people in the US, live longer and don’t have to worry about starving (yet), but I do think that it’s not as peachy as someone who is successful in a field and who hangs out with mostly wealthy/successful types. It’s sorta like if everyone you know has an advanced degree and is doing incredibly well, it clouds your view of what’s the norm or what’s going on with the other 90% of people out there.

Generation to generation should do better, but with people living longer now, junior may not get his inheritance until after mommy spends it all on nursing care when she is 92 and kicks the bucket…That makes junior 67? 🙂

[joec]

I suppose I’m in the camp that think the upcoming generation will have a lower standard of living than our parents or people who are in their 40-50s currently on these forums.

30 years ago, an honest guy can find a decent blue collar job, get married to a stay at home spouse, buy a small house, have 2.5 kids, get 1-2 cars before and pay for the kid’s public school education and with the pension, live ok in retirement.

Nowadays, anyone without a pension is in a world of hurt with how much they have to save for retirement.

Also, in the past, public sector jobs (government) used to pay less than private sector jobs. That has since reversed now according to multiple reports. Here’s the first link I saw on a Google search:
http://reason.com/blog/2010/01/05/public-sector-vs-private-secto

Wages are 30% higher in the public sector and benefits are 70% higher.

Since pensions are gone now and people are living longer in retirement, most younger folks will have a lower quality of life since a lot of blue collar work is gone so it’s off to advanced degrees and college (more debt service); that may or may not lead to better paying jobs and we’ve all seen the reports of the tough employment market due to a global economy. Even industries such as law, nursing have it tough.

Also, with higher costs for housing (rent even), education and medicine, you now have both parents working to support the household and college since without a degree, it’s even harder to find work.

I don’t disagree that we have more luxuries and as a people in the US, live longer and don’t have to worry about starving (yet), but I do think that it’s not as peachy as someone who is successful in a field and who hangs out with mostly wealthy/successful types. It’s sorta like if everyone you know has an advanced degree and is doing incredibly well, it clouds your view of what’s the norm or what’s going on with the other 90% of people out there.

Generation to generation should do better, but with people living longer now, junior may not get his inheritance until after mommy spends it all on nursing care when she is 92 and kicks the bucket…That makes junior 67? 🙂

[joec]

I suppose I’m in the camp that think the upcoming generation will have a lower standard of living than our parents or people who are in their 40-50s currently on these forums.

30 years ago, an honest guy can find a decent blue collar job, get married to a stay at home spouse, buy a small house, have 2.5 kids, get 1-2 cars before and pay for the kid’s public school education and with the pension, live ok in retirement.

Nowadays, anyone without a pension is in a world of hurt with how much they have to save for retirement.

Also, in the past, public sector jobs (government) used to pay less than private sector jobs. That has since reversed now according to multiple reports. Here’s the first link I saw on a Google search:
http://reason.com/blog/2010/01/05/public-sector-vs-private-secto

Wages are 30% higher in the public sector and benefits are 70% higher.

Since pensions are gone now and people are living longer in retirement, most younger folks will have a lower quality of life since a lot of blue collar work is gone so it’s off to advanced degrees and college (more debt service); that may or may not lead to better paying jobs and we’ve all seen the reports of the tough employment market due to a global economy. Even industries such as law, nursing have it tough.

Also, with higher costs for housing (rent even), education and medicine, you now have both parents working to support the household and college since without a degree, it’s even harder to find work.

I don’t disagree that we have more luxuries and as a people in the US, live longer and don’t have to worry about starving (yet), but I do think that it’s not as peachy as someone who is successful in a field and who hangs out with mostly wealthy/successful types. It’s sorta like if everyone you know has an advanced degree and is doing incredibly well, it clouds your view of what’s the norm or what’s going on with the other 90% of people out there.

Generation to generation should do better, but with people living longer now, junior may not get his inheritance until after mommy spends it all on nursing care when she is 92 and kicks the bucket…That makes junior 67? 🙂

[joec]

A few folks here have bought in Temecula and there are a lot of old posts on that area here as well so I’m sure they can help if you had specific questions on certain parts of Temucula.

Buying a home and area is really personal and everyone is different based on what’s important to them. Major factors are probably where you work, where your friends are, do you have or want to commute, need a large lot? Looking for a new community (I think more kids are in newer communities; there was that old topic on less kids generally in more established areas like Del Mar, LJ).

There are too many variables so as I’ve told other people, the best recommendation is to just move to an area you think you want to buy in (or just move first to San Diego), then live here and see what area really appeals to you.

Sorta like a 1 hour interview, you can’t really learn the areas that well without spending more time living here.

Good luck.

[joec]

A few folks here have bought in Temecula and there are a lot of old posts on that area here as well so I’m sure they can help if you had specific questions on certain parts of Temucula.

Buying a home and area is really personal and everyone is different based on what’s important to them. Major factors are probably where you work, where your friends are, do you have or want to commute, need a large lot? Looking for a new community (I think more kids are in newer communities; there was that old topic on less kids generally in more established areas like Del Mar, LJ).

There are too many variables so as I’ve told other people, the best recommendation is to just move to an area you think you want to buy in (or just move first to San Diego), then live here and see what area really appeals to you.

Sorta like a 1 hour interview, you can’t really learn the areas that well without spending more time living here.

Good luck.

[joec]

A few folks here have bought in Temecula and there are a lot of old posts on that area here as well so I’m sure they can help if you had specific questions on certain parts of Temucula.

Buying a home and area is really personal and everyone is different based on what’s important to them. Major factors are probably where you work, where your friends are, do you have or want to commute, need a large lot? Looking for a new community (I think more kids are in newer communities; there was that old topic on less kids generally in more established areas like Del Mar, LJ).

There are too many variables so as I’ve told other people, the best recommendation is to just move to an area you think you want to buy in (or just move first to San Diego), then live here and see what area really appeals to you.

Sorta like a 1 hour interview, you can’t really learn the areas that well without spending more time living here.

Good luck.

[joec]

A few folks here have bought in Temecula and there are a lot of old posts on that area here as well so I’m sure they can help if you had specific questions on certain parts of Temucula.

Buying a home and area is really personal and everyone is different based on what’s important to them. Major factors are probably where you work, where your friends are, do you have or want to commute, need a large lot? Looking for a new community (I think more kids are in newer communities; there was that old topic on less kids generally in more established areas like Del Mar, LJ).

There are too many variables so as I’ve told other people, the best recommendation is to just move to an area you think you want to buy in (or just move first to San Diego), then live here and see what area really appeals to you.

Sorta like a 1 hour interview, you can’t really learn the areas that well without spending more time living here.

Good luck.

[joec]

A few folks here have bought in Temecula and there are a lot of old posts on that area here as well so I’m sure they can help if you had specific questions on certain parts of Temucula.

Buying a home and area is really personal and everyone is different based on what’s important to them. Major factors are probably where you work, where your friends are, do you have or want to commute, need a large lot? Looking for a new community (I think more kids are in newer communities; there was that old topic on less kids generally in more established areas like Del Mar, LJ).

There are too many variables so as I’ve told other people, the best recommendation is to just move to an area you think you want to buy in (or just move first to San Diego), then live here and see what area really appeals to you.

Sorta like a 1 hour interview, you can’t really learn the areas that well without spending more time living here.

Good luck.

[joec]

Thanks for the info. I’ve noticed Schwab has made a larger push into traditional banking recently with credit cards giving good rewards (I think I saw one with 2% rewards before or was that Fidelity?) and decent rates on mortgage items as well.

Having a global ATM card without fees sounds the most useful for travel so I’ll probably try them out.

[joec]

Thanks for the info. I’ve noticed Schwab has made a larger push into traditional banking recently with credit cards giving good rewards (I think I saw one with 2% rewards before or was that Fidelity?) and decent rates on mortgage items as well.

Having a global ATM card without fees sounds the most useful for travel so I’ll probably try them out.

[joec]

Thanks for the info. I’ve noticed Schwab has made a larger push into traditional banking recently with credit cards giving good rewards (I think I saw one with 2% rewards before or was that Fidelity?) and decent rates on mortgage items as well.

Having a global ATM card without fees sounds the most useful for travel so I’ll probably try them out.

[joec]

Thanks for the info. I’ve noticed Schwab has made a larger push into traditional banking recently with credit cards giving good rewards (I think I saw one with 2% rewards before or was that Fidelity?) and decent rates on mortgage items as well.

Having a global ATM card without fees sounds the most useful for travel so I’ll probably try them out.

[joec]

Thanks for the info. I’ve noticed Schwab has made a larger push into traditional banking recently with credit cards giving good rewards (I think I saw one with 2% rewards before or was that Fidelity?) and decent rates on mortgage items as well.

Having a global ATM card without fees sounds the most useful for travel so I’ll probably try them out.

[joec]

I forget where, but I’ve read before that the middle class is actually an anomaly. This doesn’t pertain to what’s going on now or in the last 5/10 years. But going back hundreds/thousands of years, society was primarily composed of a few elite wealthy and a very large poor class. It was always that way in history and we are merely reverting back to the norm.

The middle class in America arose after WWII with the baby boomers and peace time after the war. The boom from early technology, cars, electronics, appliances, etc…helped put a lot of folks get decent middle class jobs.

How true this really is, I don’t know. Maybe someone can find the article since I didn’t see it on a quick search.

[joec]

I forget where, but I’ve read before that the middle class is actually an anomaly. This doesn’t pertain to what’s going on now or in the last 5/10 years. But going back hundreds/thousands of years, society was primarily composed of a few elite wealthy and a very large poor class. It was always that way in history and we are merely reverting back to the norm.

The middle class in America arose after WWII with the baby boomers and peace time after the war. The boom from early technology, cars, electronics, appliances, etc…helped put a lot of folks get decent middle class jobs.

How true this really is, I don’t know. Maybe someone can find the article since I didn’t see it on a quick search.

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