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Jan 20, 2020
10:04:54am
BrobaFett Walk-on
Nah. He's a boomer. He is in that age cohort.

He's a jerk. He's old, he grew up in an easy society, and he expects to complain and get his way, "because the customer is always right".

Boomers grew up in the most wealth, prosperity and opportunity ever. They had it easy. One income could take care of a family. Low medical costs. Low schooling costs. Lots of good paying jobs. My dad graduated from BYU as a lawyer. He had two options: 1) go practice law and $45,000 his first year. or 2) go back to Ohio, work for GM and pull down $65,000 with all the other highly educated high school graduates.

That isn't reality anymore. You have a whole generation that did a little and got a lot. And then they wonder why the younger generation isn't successful when the boomers did a little and had a lot. Well, the younger people just must not be doing a little. 

Take for example, some of the professionals I know. One graduated dental school in the 70's with no student loans. Bought his first house for $35,000, his first practice for $8,000 and car for $750. Made $65,000 his first year out of school. That is $43,000 to get started with an immediate $65,000 payout. 

Another professional: Optometrist. Graduated in the early 80's. His first house was $50,000, student loans were $12,000 and car was $1500. Made $75,000 his first year. Again, $63,500 to get started, immediate payout of $75,000. 

A third: Lawyer. He graduated in 1984 from BYU. Student Loans were $18,000, house was $35,000, car was $1,000. His first year he made $45,000. $54,000 to get started. $45,000 payout.

Compare that to a professional I know who just graduated: He has over $500,000 in student loans. His house was $325,000. His car was $12,000. He can't even consider buying a practice that would add another $300,000+ to his debt. That is $837,000 to get his foot in the door. $1,137,000 to get his own place. He made $140,000 his first year. $837,000 with a payout of $140,000. 

Now this is extreme, most people in his line of work come out with $350,000 in student loans, not $500,000. That is still $687,000 or $987,000 to get started. 

It's a different world now and "boomers" don't realize this. When they look at their kids and wonder why mom works or there is so much debt or why JR isn't buying a big house like they did or a new car like they did...well, the only thing they can think of is "they are lazy". There is no way it could be anything they did, because look at them. They have it all.  A house, retirement, healthcare, etc. If Junior would only do what I did and stop being so lazy.....

BrobaFett
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BrobaFett
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