GenX checking in. I know so many Boomers who got factory jobs with pensions out of high school and stayed with them for 35 or 40 years. They were able to raise families on a single income (or maybe have a spouse who worked part-time). They had nice homes, new-ish cars, and could afford to take their families on vacations. They built equity and were able to upgrade to McMansions in the late '90s and early '00s.
Meanwhile, my friends and I have advanced degrees and we have to look for new jobs every 5 years just to try to beat inflation.
Our parents climbed the ladder our grandparents built, and then they pulled it up after them. At this point, none of us can afford to quit working to care for them as they age, so anything we would have inherited will likely be paid to nursing homes.
GenX checking in. I know so many Boomers who got factory jobs with pensions out of high school and stayed with them for 35 or 40 years. They were able to raise families on a single income (or maybe have a spouse who worked part-time). They had nice homes, new-ish cars, and could afford to take their families on vacations. They built equity and were able to upgrade to McMansions in the late '90s and early '00s.
Meanwhile, my friends and I have advanced degrees and we have to look for new jobs every 5 years just to try to beat inflation.
Our parents climbed the ladder our grandparents built, and then they pulled it up after them. At this point, none of us can afford to quit working to care for them as they age, so anything we would have inherited will likely be paid to nursing homes.
Hooray for late-stage capitalism, I guess?