what is it with boomers and putting millennials in financial slavery?
first there’s the whole college debt thing…
It doesn’t effect me, but millions of millennials are basically beholden for life to boomers to the tune of 40-500k.
Then there’s mortgages, which are totally out of the price range of almost half of millennials. And to get one basically you adopt a huge line of debt to boomers that one will probably not be able to fully pay off.
Then there’s more personal stories. More recently a friend of mine was using Uber on his dads credit card in college, and his dad had approved the first few rides. After a while he racked up a debt on his dad’s card that his dad could fully afford. Where is the kid now? Why of course he is a serf in his dad’s house. Working for years to pay off a small uber debt because he doesn’t have a good job. And his parents continually threaten to press legal charges. So on he slaves
It’s true that everyone at some point needs to try their best to pull their weight and not whine. But this boomer generation does NOT want to give up their stuff to us and it’s weird. Is this the first generation to do this?