Are you better off than your parents at your age?
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Nope, and the horrible thing is that I have a high earning job while they didn't even work, they got to live off of my grandparents' wealth (which was half from actual impressive entrepreneurship and half from just buying cheap land that over the years became very valuable) and then they mady terrible financial decisions (as rich kids often do) and now I get to earn my own money. I'm glad that I get to be independent, but sure would have been fun to have some family wealth as well...
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Not even close
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Technically not since they were married, were renting small house, and had at least one kid by the time they were my age. I'm still in college.
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In terms of satisfaction? No. In terms of finances? Not sure. By my age, my parents were together, my mom had my sister and my dad became a step father to her, they had a lot of friends and were very popular. Me...not so much in any of those things. But I'm living comfortably in my own apartment, no kids or S.O. so I have a lot of spare cash and a lot of things I like. I don't know if my parents had the same pleasures as me at this age.
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Absolutely. Both me and my siblings. My parents were in an okay spot at this point, but they supported us to do far better.
Times were pretty borked compared to now, at least in this country.
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Financially yes, psychologically, no.
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In some ways, sure. I'm not religious, and I don't have children. In terms of finances, no.
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Financially? No
Psychologically? Also no
but I've actually got therapy and taken a step to breaking generational trauma so that's something! -
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Gosh no, not in Canada.
They paid 170k for a great house in one of the nicest neighborhood of Montreal in the 90s. I'll be paying 3x more for a super basic house in a shitty neighborhood. I was lucky enough to buy a house before the pandemic so I made a profit selling it, but even with that I won't even come close to their way of living.
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Yes! But it's because our situations are very different. I don't have a child, but I was already a preteen when my mom was this age. I didn't have a deadbeat, abusive, drug addicted, , money draining spouse. I've cut off people (family) that I saw take advantage of my mother growing up. I don't have a sibling who is a manipulative, selfish, lazy, money grubbing piece of shit. Fuck, I don't have a daughter (me) that I've had to help for years while she tried to get on her feet.
I also have a wonderful mother who did what she could to set me up for success, trying to correct the mistakes of her childhood. My great aunt left me some money that helped with school (I'm still in debt, but could have been way worse). I have a good friend that talks me out of reckless shit, bit egging me on to take advtage.
I'm also less social, so I'm not going out to lunch or parties and what have you. I live alone with one cat.
TL;DR: Yes, but is because I have less responbilities than my mother had at this age, and it's cheaper living a solitary lifestyle with one kitty cat.
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Surprisingly, yes. I made some risky decisions between 2020-2022 that paid off significantly, though.
The pandemic turned my prior job to 100% remote and I got in writing from their HR that I could move anywhere in my province. This allowed me to find a house I was able to afford buying, so that's what I did with the support of my wife. About a year after that I got a much higher paying job local to my new home, which is when I beat or matched my parent's income at the time which certainly was more than when she was my age.
I lept into the unknown and didn't die, it's been great!
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Yea, because I have a little more money saved for retirement otherwise I am about the same.
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Yes, because I didn’t have kids.
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No, not even close.
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Well, I managed to avoid my mother's mistake of marrying one of the first guys I seriously dated, so I haven't had to go through a divorce yet like she did. However, she'd owned two houses by now, and I'll be lucky to get one before 40. Seems like no.
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hell no. At least they had a car, a mobile home, and prospects for the future
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Not really, but idc
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Yes, because I didn’t have kids.
The world was always a shitty place, we are definitely facing new and frightening challenges but they can be overcome it will just be difficult.
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I cannot own my own house. Something about I don't earn enough.
I am allowed to pay rent at nearly double what a mortgage would be and this is financially allowed.
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I am thanks to a combination of my learning how credit should actually be used and careful budgeting as well as an excellent choice to get into information technology. I can actually support my adult son as well as take care of his brother and my disabled wife and living what would’ve largely been considered middle class by their standard. At this point they were getting mortgage calls for juggling payments and spending wrecklessly while living in a double wide mobile home in the rural appalachias.
