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Michael Hendrix on Twitter: "In Los Angeles, it takes 43 years to save up a 20% down payment by setting aside 5% a year on the city’s median income. In San Francisco, it takes 40 years. In New York City, 36 years. In 1975, it took just 9 years. https://
(The map that accompanies this is also a decent stand-in for comparing the relative cost of living between various cities.)
“In Los Angeles, it takes 43 years to save up a 20% down payment by setting aside 5% a year on the city’s median income.

“In San Francisco, it takes 40 years. In New York City, 36 years.

“In 1975, it took just 9 years.”
house  2019  michael_hendrix  twitter  costofliving  dallas  years  boomers 
9 days ago by handcoding
Every NIMBY’s Speech At a Public Hearing - McSweeney’s Internet Tendency
“I just love everything about this town except for the problems that my politics have directly created.”
nimby  boomers  mcsweeneys  2019 
13 days ago by handcoding
The future of the GOP looks a lot like this fast-growing community in Florida - POLITICO Magazine
The Villages is that base, with 56 percent registered Republicans versus 22 percent Democrats. It’s not a sleepy cocoon for geriatric shut-ins who watch Fox News all day; Villagers pack their days with pickleball, golf, volunteer work, yoga, more golf, mah-jongg, line dancing and happy hours. They’re just as busy and even more social than they were when they were working. At the same time, past media portrayals of The Villages as a raucous end-of-life swingers club with an alcoholism epidemic and record rates of sexually transmitted diseases aren’t right, either; state medical data show it’s below average in both categories, and its bustling town squares empty out after 9 p.m.
trump  culture  florida  boomers  politics 
21 days ago by max_read
California’s housing bills failed—and so did California’s lawmakers - Curbed LA
"Democrats hold a supermajority—but failed to exercise any of their power to fix the housing crisis"

[See also:

"“I Got Mine”" Like college debt and climate change, the housing affordability crisis is generational warfare."

"California Democrats “Dropped the Ball” on Housing Package"

"America’s Cities Are Unlivable. Blame Wealthy Liberals.: The demise of a California housing measure shows how progressives abandon progressive values in their own backyards."

"The revenge of the suburbs: Why California’s effort to build more in single-family-home neighborhoods failed" ]
alissawalker  2019  california  losangeles  sanfrancisco  housing  democrats  politics  economics  fauxgressives  inequality  realestate  propoition13  gavinnewsom  farhadmanjoo  henrygrabar  nimbyism  anthonyportantino  diegoaguilar-canabal  liamdillon  sb50  nimbys  generations  boomers  babyboomers 
22 days ago by robertogreco
I came in like a breaking ball on Twitter: "It's weird being part of a generation where the signifiers of adulthood--home ownership, stable job, etc.--got so unattainable we had to make our own signifiers, except ours are internal: acting emotionally matu
(@leahbobet kicked things off with this tweet—)
“It’s weird being part of a generation where the signifiers of adulthood–home ownership, stable job, etc.–got so unattainable we had to make our own signifiers, except ours are internal: acting emotionally mature.

“And now very few of our elders actually qualify as adults to us.”

(And then @JoshMLabelle added—)
“This really puts a finger on this peculiar feeling I have around a lot of men of my father’s generation, that they aren’t so much adults as very powerful little boys with houses

“All emotions expressed as anger. No ability to self-regulate because they’re so used to being humored. No coherent moral vision of the world beyond what might inconvenience them.”

(And then @leahbobet chimed in to add—)
“This behaviour set, right here. It’s so endemic to men of a certain age especially, and I’m pretty sure they don’t understand that every signal they give to anyone younger is not just ‘child’ but ‘bad child.’”
adults  adulting  leahbobet  twitter  2019  threads  boomers 
8 weeks ago by handcoding
Are Millennials the Screwed Generation?
Median net worth of people under 35, according to the U.S. Census, fell 37 percent between 2005 and 2010; those over 65 took only a 13 percent hit.

The wealth gap today between younger and older Americans now stands as the widest on record. The median net worth of households headed by someone 65 or older is $170,494, 42 percent higher than in 1984, while the median net worth for younger-age households is $3,662, down 68 percent from a quarter century ago

Since 2008 the percentage of the workforce under 25 has dropped 13.2 percent, according to the Bureau of Labor Statistics, while that of people over 55 has risen by 7.6 percent.

“Employers are often replacing entry-level positions meant for graduates with people who have more experience because the pool of applicants is so much larger. Basically when unemployment goes up, it disenfranchises the younger generation because they are the least qualified,”

The average student, according to Forbes, already carries $12,700 in credit-card and other kinds of debt. Student loans have grown consistently over the last few decades to an average of $27,000 each. Nationwide in the U.S., tuition debt is close to $1 trillion.

This debt often results from the advice of teachers, largely boomers, that only more education—for which costs have risen at twice the rate of inflation since 2000—could solve the long-term issues of the young. “Our generation decided to go to school and continue into even higher forms of education like master’s and Ph.D. programs, thinking this will give us an edge,” notes Lizzie Guerra, a recent graduate from San Francisco State. “However, we found ourselves incredibly educated but drowning in piles of student loans with a job market that still isn’t hiring.”

More maddening still, the payback for this expensive education appears to be a chimera. Over 43 percent of recent graduates now working, according to a recent report by the Heldrich Center for Workforce Development, are at jobs that don’t require a college education. Some 16 percent of bartenders and almost the same percentage of parking attendants, notes Ohio State economics professor Richard Vedder, earned a bachelor’s degree or higher.
[NB: how come these folks don't work in customer support, which is largely staffed by idiots, or outsourced?]

Among 2011 law-school graduates, half could not find a job in the legal field nine months after finishing school.

56% of recent high-school graduates feel they would not be financially more successful than their parents; only 14% thought they’d do better. College education doesn’t seem to make a difference: 58% of recent graduates feel they won’t do as well as the previous generation. Only 16% thought they’d do better.

Nearly a third of people between 18 and 34 have put off marriage or having a baby due to the recession, and a quarter have moved back to their parents’ homes, according to a Pew study.

As a group, millennials appear to be very family-oriented—being good parents is often their highest priority—and roughly two thirds claim to believe in God.
USA  economics  poverty  baby  boomers  statistics 
january 2019 by dandv
Baby Boomers Are the Biggest Suckers for Fake News - WhoWhatWhy
A common trope from baby boomers is that young people today live entirely online. That social media has created an apathetic generation more interested in sharing memes than contributing to the real world.
However, a new study found that it is, in fact, older Americans who use the internet in a manner far more divorced from reality.
During the 2016 presidential election, Facebook users 65 and older shared an average of seven times more articles from fake news domains than younger users, according to a study published this month in Science Advances.
The researchers found that, while fake news was shared by only a small portion of users in their sample, the age group results were consistent regardless of political ideology, party affiliation, or education level.
“No other demographic characteristic seems to have a consistent effect on sharing fake news, making our age finding that much more notable,” the report concluded.
fake_news  boomers  seniors 
january 2019 by rgl7194

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