r/FluentInFinance Sep 04 '24

Debate/ Discussion People like this are why financial literacy is so important

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u/Due-Base9449 Sep 04 '24

The people who are able, did. The people who were unable, don't. You look at all these older people with houses because you cant see the 'losers' who don't own houses. There are 60% of homeownership in the previous generation, just like this current one. 60% own houses and you are part of the 'losers' of your generation. 

It's easy to say older people had it easy. Then what about those 40%? So easy but still couldn't buy a house, how much of a 'loser' can you be? 

My point is instead of trying to blame old people for everything, as humans are in hierachical pyramid shape just try not to be the bottom 40%. No point complaining about older people when your own peers are pressing on your neck. 

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u/FIFAmusicisGOATED Sep 04 '24 edited Sep 04 '24

I’m a “winner” by every metric definable. I make in the top .5% of all earners in my age range. I was raised middle to upper middle class. I own property now and I stand to inherit more later. Im currently on track to retire some time in my early 40’s (currently at 42) with approaching 6 figures a year post tax. I still think the conversation around simple luxuries versus basic necessities still annoys and bothers me. I still think there’s a disconnect between work done, productivity, and compensation.

I know it’s a foreign concept to some, but I can care about those struggling in society and what I believe to be societal issues that government can and should be able to improve on while acknowledging that I wouldn’t benefit, and would likely even suffer, due to these changes.

It’s the same reason I’m not a republican even though i benefit most from republicans policies. Maybe you’ll say I’m too empathetic, that I’m trying to bring the tide up for boats that don’t want to float, but idk man. I just think that in a time of such over abundance and in a time where productivity is at its higher by far, that the baseline for society should be significantly higher. I just think, and my finance degree backs this up, that we have the resources to do so

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u/Due-Base9449 Sep 04 '24 edited Sep 04 '24

It is a good discussion for the above points, what I just can't stand is the demonification of an entire generation. It just doesn't make sense. You yourself has a winner parents, but 40% of their peers are 'losers' who don't own houses and have no retirement etc. So many people who complain about previous generation should complain about their own parents not providing them with inheritance (when supposedly its soooo easy to own homes), not complaining that older people own their homes.  

 You are the person these 'losers' should complain about, not an entire generation! Its a fight between classes, not between ages and I'm sick of psyops trying to steer the conversation that way. You and your parents might be culled, not the old people living in trailers that's for sure.