Al Ritter
A recent article on Buzzfeed castigating the “Older
Generation” certainly has many holes in the theory.
The arrogance begins immediately as they ask, “What
doesn’t the older generation understand about wealth and income?” That question
is obviously an aggressive attack on “Boomers.”
They question the idea of buying a home rather than
renting because, “The average house in my area is 10 times my annual income.”
What isn’t addressed is what most boomers did in their day. They searched
outlying areas and homes they could actually afford rather than purchase a home
in an area they couldn’t. Obviously the writer feels entitled to buy a home in
the neighborhood of their preference.
They blame society for their decision to go into debt
in the form of student loans. When I grew up I took the word “loan” seriously.
If I couldn’t afford the payments I didn’t buy the item where it be a car a
house or student loan, which I never did.
I purchased my first home at age 20 the mortgage
scared the hell out of me. The house cost $35,000 and during settlement the
final pay off amount of the loan was revealed as $125,000. This was the true amount of
the loan not the selling price. That represented 21 times my annual income at
the time of purchase. My budget figured that I would have $5.00 left over at
the end of the month.
I took a loan as seriously as I took my marriage
vows.
I think I understood income and wealth far more than
the writer of this article. They don’t share the same seriousness that I share
about loan debt. If the student loans had actually stayed with the banks rather
than the government under Obama there would be no student forgiveness programs.
Students would be expected to actually pay back loans. This is a great life lesson to learn, that you actually do what you promised.
What is next on loan forgiveness? Maybe home loans,
maybe auto loans?
“All according to their needs.”…..isn’t that the socialist mantra?
I find it humorous how the writer of this article
doesn’t put their name on such an aggressive biased piece of trash.
Read the article here:
https://www.yahoo.com/lifestyle/millennials-gen-z-want-know-145102999.html
4 comments:
They need to grow up and accept responsibility! They don't need expensive phones and designer clothes and shoes!
Those dog gone wiper snappers :)
Nobody today seems to want to take responsibility for their actions hence the entitlement.
These spoiled brats don't stop to think that virtually everything they use daily was invented or developed by the very boomers they despise!
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