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  3. Are you better off than your parents at your age?

Are you better off than your parents at your age?

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asklemmy
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    terraborra@lemmy.nzT j4k3@lemmy.worldJ E F vanth@reddthat.comV 52 Replies Last reply
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      terraborra@lemmy.nzT This user is from outside of this forum
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      #2

      I would say same standard of living but the difference is they had a kid and my wife and I don’t. We simply could not have the same lifestyle if we had children.

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      • terraborra@lemmy.nzT [email protected]

        I would say same standard of living but the difference is they had a kid and my wife and I don’t. We simply could not have the same lifestyle if we had children.

        bombomom@lemmy.worldB This user is from outside of this forum
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        #3

        Yeah, kids are darn expensive. I'm damn happy my parents decided to have me despite that fact. 🙂

        To answer OP's question, also doing better than them at the same age. Big part of it was investing early (time-value of money is a massive deal) and keeping the same car forever. My parents have spent quite a bit on cars over the years, it is probably their largest reducible expense. I bought a lightly used crossover a long time ago, and it's got a long life ahead of it.

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          #4

          Hell no, but physical disability... I live in the USA where disability seems like a homelessness death sentence

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            #5

            My parents had a mortgage; car loans; and 4 children at my age, while I struggle to maintain employment and don't qualify for any type of financing because of it and all this despite having a very high demand skillet in tech; I'm not only doing worse than my parents, but worse than most of my peers.

            To be fair: I don't fit the stereotype of an autistic person so people presume I'm neurotypical that that keeps long term employment out of reach for me.

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              #6

              Yes.

              I have a home, a good job, and am able to save enough that it's possible I may be able to retire in my fifties.

              The only responsible decision my parents made was to pay off their house. They had 18 kids and my dad literally roofed houses until he couldn't anymore physically. They're now in their 80's and driving for DoorDash, in a car they've "borrowed" from me for almost a year, that I'm certain I'm never getting back.

              And, somehow, despite having no mortgage or car payment, they still aren't paying their bills on time.

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              • terraborra@lemmy.nzT [email protected]

                I would say same standard of living but the difference is they had a kid and my wife and I don’t. We simply could not have the same lifestyle if we had children.

                F This user is from outside of this forum
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                wrote on last edited by
                #7

                Same.

                That's partly why I never married or had a family. I wanted all my time and money to myself and to have more freedom.

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                  vanth@reddthat.comV This user is from outside of this forum
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                  #8

                  Lol, no. They were able to have a house and multiple kids on one salary.

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                    scrubbles@poptalk.scrubbles.techS This user is from outside of this forum
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                    #9

                    Me? Yes, but I am an outlier, and it's not because I'm doing "well". It's more because my parents were both horrible with money. 2 mortgages on the house, multiple car loans, mom was part of an MLM, and we were a family of 4 on a government worker's salary. One of my dad's complaints was that he couldn't go out to eat once a week with coworkers because we couldn't afford it. We grew up poor. Well, I hesitate to say poor because I know there are those who had it worse, and I do blame them for their choices for a good chunk of it too.

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                      #10

                      Yeah, by a long shot. We didn't have a lot growing up but my parents made sure I went to school.

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                        #11

                        Yes and no. I probably am a bit better off than my parents, but they raised 4 kids and I raised none. My Mom was mostly stay at home (went back to work after all us kids moved out). My spouse has a good career, which is an added bonus.

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                        • F [email protected]

                          Yes.

                          I have a home, a good job, and am able to save enough that it's possible I may be able to retire in my fifties.

                          The only responsible decision my parents made was to pay off their house. They had 18 kids and my dad literally roofed houses until he couldn't anymore physically. They're now in their 80's and driving for DoorDash, in a car they've "borrowed" from me for almost a year, that I'm certain I'm never getting back.

                          And, somehow, despite having no mortgage or car payment, they still aren't paying their bills on time.

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                          wrote on last edited by
                          #12

                          Sounds like my parents. I am younger but my dad is a alcoholic and drug addict that pissed away his retirement. He's 63 and just getting out of rehab for the 50th time.

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                          • D [email protected]

                            Sounds like my parents. I am younger but my dad is a alcoholic and drug addict that pissed away his retirement. He's 63 and just getting out of rehab for the 50th time.

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                            #13

                            Yeah, mine was an alcoholic for 25 years but inexplicably quit cold turkey one day when I was a teen.

                            I think it's just a ton of undiagnosed, untreated mental illness. My mom's mother was abusive and her loving father died when she was a teen. My dad's dad died when he was eleven and he became the breadwinner for his mom and siblings, and didn't stop working for another sixty-five years.

                            I actually feel a little bad for my dad. He worked his ass off his whole life and has almost nothing to show for it, but somehow, could never put his foot down when it came to my mom and adding more kids to the family.

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                              wrote on last edited by
                              #14

                              Hard to compare in my case. I’m the same age as my mom when she had me, and we were multiple kids at that point. At the time we were probably smack dab middle class and were living comfortably. On the other hand I’m better off in the sense that I’m in another country that has a higher standard of living and way higher salaries, and we don’t have kids.

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                                #15

                                Absolutely yes. I'm very fortunate.

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                                  wrote on last edited by
                                  #16

                                  Better in what regard?
                                  Fiscally all things adjusted and accounted for? Fuck no,

                                  Progress as a person and self growth and development? Absolutely.

                                  Also I will never breed, so always will be one up in my parents there,

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                                    wrote on last edited by
                                    #17

                                    Not at all. And I'm doing extremely well.

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                                      wrote on last edited by
                                      #18

                                      When my parents were my age, they left their home country to move to the US in search of opportunity

                                      Now that I'm that age, I'm leaving the US to move because of literal Nazis

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                                        #19

                                        That's sad. My dad got molested by a priest when he was a kid. Back in the 70s, nobody took it seriously enough and people didn't want the shame of it so it got brushed under the rug. Nobody ever helped him growing up so he became a severe alcoholic and drug addict. Constantly getting taken by the cops, unable to hold a job for long. But he still gave a fuck about me enough to actually make sure I did the right stuff as an adult and get a decent job. I'll finish by saying this, the priest that did it got shipped off by the church to the Phillipines. They tried hiding him. But he did it again there and they fucking killed him. Mutilated him while he was still alive and fed him his own dick then tied his corpse to a pole in the center of town. At least according to my aunties.

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                                        • C [email protected]

                                          Better in what regard?
                                          Fiscally all things adjusted and accounted for? Fuck no,

                                          Progress as a person and self growth and development? Absolutely.

                                          Also I will never breed, so always will be one up in my parents there,

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                                          wrote on last edited by
                                          #20

                                          Absolutely same

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