when students started coming out with six figure debt I was saying how for me it was a car. a nice car. a luxury car really. but now its a mortgage. not really because of how insane housing prices have gone but if housing prices were sane then college debt would be a mortgage. Was talking with my brother who is only 5 years older than me and his debt was like a normal car and another brother who is about 5 years older than that or so had debt you could pay off with a good summer job. Now that older brother is a boomer but just barely. We talk about boomers and sometimes silent generation and Xers and millenials and Z but even a few years makes a difference. An early boomer had it much better than a mid who had it better than a late and the pattern continues right up to current bulltrump times. You get people saying things are not worse now that things have been much worse but we have been falling for a long time. Things are definatively worse now. You can’t just be willing to work to have afford a room and board and other essentials. compensation is so much lower than costs its absolutely insane today. you have people working gig jobs and cannobolizing their car where they will not be able to afford replacing it when it dies from overuse. At every level we are getting by by cannibalizing the future. We are hollowing out the core. We are the snake eating its finite tail.
when students started coming out with six figure debt I was saying how for me it was a car. a nice car. a luxury car really. but now its a mortgage. not really because of how insane housing prices have gone but if housing prices were sane then college debt would be a mortgage. Was talking with my brother who is only 5 years older than me and his debt was like a normal car and another brother who is about 5 years older than that or so had debt you could pay off with a good summer job. Now that older brother is a boomer but just barely. We talk about boomers and sometimes silent generation and Xers and millenials and Z but even a few years makes a difference. An early boomer had it much better than a mid who had it better than a late and the pattern continues right up to current bulltrump times. You get people saying things are not worse now that things have been much worse but we have been falling for a long time. Things are definatively worse now. You can’t just be willing to work to have afford a room and board and other essentials. compensation is so much lower than costs its absolutely insane today. you have people working gig jobs and cannobolizing their car where they will not be able to afford replacing it when it dies from overuse. At every level we are getting by by cannibalizing the future. We are hollowing out the core. We are the snake eating its finite tail.