Why you're less likely to get rich these days if your parents aren't already wealthy
More than 60% of those born in the 1950s and 1960s were homeowners by age 30, but only 36% of those born in the 1980s were.
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More than 60% of those born in the 1950s and 1960s were homeowners by age 30, but only 36% of those born in the 1980s were.
Some said, well, why should i have to pay for the debt that you chose to get? is that part of the political conversation still to this day, do you think? >> i think there's a significant part of the population that still believes that because i suffered, you should have to suffer to. the idea i paid off my student loans, you can figure how to do it. but we forget that this is a unique generational problem. that california public schools, some of the best colleges in the country, all used to be free up until ronald reagan decided that people should be paying tuition for them. there has been a 2...
Until ronald reagan decided people should be paying tuition for them there. has been a 205% increase in college tuition since 1970. so generation x, millennials in their 40s now trying to buy a home stuck with gig economy work, no pension guaranteed are also saddled with student loan debt trying to fulfill a promise that this is how you advance in society of, how you get ahead and it's not the same way it worked for our parents. we are now looking for solutions to effectively follow what our elders told us and our elders are still largely the ones making the decisions of how the economic syste...
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Nestled between the numerically muscular baby boomers and tech-savvy millennials, Generation Xers have suffered a glaring drought of political power, having never had a president elected from their generation.