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this post was submitted on 10 Nov 2023
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I read this comment section and I have no clue how about the world sometimes.
I see 20 year olds getting married and having kids. My cousin is barely 21 married with 2 kids, husband is the only worker and they own a house. He probably makes 50k a year. He works in a refinery.
My old boss moved to Castle Rock, Colorado. He doesn't work, his wife is corporate and makes low 6 figures. They're saving for a $600,000 house and will have the down payment in a year.
I'm not sure why some people are having such hard times and others seem to make it no problem.
My guess is that we aren't being financially sound with our money. My buddy's mom asked him to hold $100 to start her savings for a new apartment - she then called him a day later saying she needed $50 of it to eat. She called a day after that saying she needed the other $50 so she could eat. I asked him what she was eating and he said she only eats out, never cooks. Probably orders GrubHub constantly. If I had to guess A LOT of people live a lifestyle that is inconsistent with their income. But, those people will argue they're eating sandwiches and nothing but crackers ALL THE TIME, things are just "more expensive." I'm honestly perplexed by the economics of the world.
When boomers were our age, they owned something like 40% of the United States wealth. We, currently, own just 4% of the wealth. 2% of that is owned by Mark Zuckerberg.
That kind of disparity and change doesn't happen simply on its own, or because of laziness. There are systemic issues at play.
Huh, it kind of sounds like there's this kind of... divide between certain groups of people where some can make it and some really struggle. Any ideas on what we should call these two CLASSes of people? Maybe we could figure out some kind of CLASS SYSTEM.
I'm gonna invent a term forb when there's consciousness of class.
I think I'm gonna call it "social stratification alertness."
That guy that works in a refinery definitely makes way more than $50k. Oil & gas pays very well, especially with overtime.
But you don't know their financial situation in any case. I know people that own houses because they got lucky. They knew someone that was selling and they got a good deal, or they happened to buy right before COVID and everything jumped. Or their family contributed, or they have something they inherited. Or they just financed everything and they're in debt up to their eyeballs.