Happier, maybe. My dad is an okay guy but they weren't happy together, my mom wanted out of the marriage for decades. Financially I'm so far behind, it's not even close.
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My parents had three kids and owned a 150 mΒ² house in the countryside. I earn more than they used to and I'm renting a single room in a house with four flatmates.
No. Close, but no.
Mentally, yes. Financially, no.
Oh, no. Hella worse. They were solidly middle class with two solid careers at this point. And kids, but I don't want that part so that's a wash. But nicer house, nicer stuff entirely. But me and my husband are in a better place relationship wise so I got that over them??
Yeah, my parents were from a small village without reliable running water and toilets and I'm an computer microchip engineer that lives in a house I own with clean filtered water and a bidet.
Lol, no. They were able to have a house and multiple kids on one salary.
Part of me wants to think so; I'm making a lot more money than they did at my age, even accounting for inflation. Aside from my car note, I'm debt-free. All objectively good things.
They had each other though. I'm a few years older than they were when they had their first kid, and they'd been married for a few years before that. I'm alone, and after I had some bad experiences, I don't bother with dating. Whether that's "better" than what my parents did or not, I don't think it's fair for me to decide.
I'm so lucky you wrote this comment for me, so I don't have to do it myself. I assume you were transcribing from my mind?
I cannot own my own house. Something about I don't earn enough.
I am allowed to pay rent at nearly double what a mortgage would be and this is financially allowed.
Tbh owning yourself is not always better than renting. But Its always been kind of an adulthood milestone that does not work anymore, but it's stil looked at in the same way. so I see a lot of people feeling bad that they are STILL not owning their own home..
I would say same standard of living but the difference is they had a kid and my wife and I donβt. We simply could not have the same lifestyle if we had children.
Same.
That's partly why I never married or had a family. I wanted all my time and money to myself and to have more freedom.
Yeah, kids are darn expensive. I'm damn happy my parents decided to have me despite that fact. :)
To answer OP's question, also doing better than them at the same age. Big part of it was investing early (time-value of money is a massive deal) and keeping the same car forever. My parents have spent quite a bit on cars over the years, it is probably their largest reducible expense. I bought a lightly used crossover a long time ago, and it's got a long life ahead of it.
I don't have kids, so yeah.
Edit: now that I scroll through the comments, I see this is a common theme.
Better in what regard? Fiscally all things adjusted and accounted for? Fuck no,
Progress as a person and self growth and development? Absolutely.
Also I will never breed, so always will be one up on my parents there,
Absolutely same
Financially maybe, my parents were probably still at university at my age. They'd make more money than I do afterwards though.
And they had already found each other, while I've never even had one relationship yet.
I am thanks to a combination of my learning how credit should actually be used and careful budgeting as well as an excellent choice to get into information technology. I can actually support my adult son as well as take care of his brother and my disabled wife and living what wouldβve largely been considered middle class by their standard. At this point they were getting mortgage calls for juggling payments and spending wrecklessly while living in a double wide mobile home in the rural appalachias.
Kind of? My dad died before he was my age and my mom told me "he died and I'd never had that much money in my life and all I wanted was him."
So financially I'm worse off than my mom was, but in other (and probably more important) ways, better off. And certainly better off than my dad.
When my parents were my age, they left their country to move to the US in search of opportunities. Now that I'm that age, I'm leaving my country to move to another because of literal Nazis
Definitely. We lived in an old house without central heating, and I know what hunger is. My father died when I was a kid, after a long sickness, and taking care of him and us kids took a lot out of mum.
Now I can support my family from my income, with both kids at unversity without debts.
Yes, we are better off. But the way to here and now was hard.
Hell no, but physical disability... I live in the USA where disability seems like a homelessness death sentence
Well, I managed to avoid my mother's mistake of marrying one of the first guys I seriously dated, so I haven't had to go through a divorce yet like she did. However, she'd owned two houses by now, and I'll be lucky to get one before 40. Seems like no.
Only because my spouseβs parents are both dead (early, accidents) and he inherited several hundred thousand dollars and life insurance money. I personally have a negative net worth, and with divorce Iβd probably only break even. I basically lucked out of not living with my parents/grandparents for the rest of their life. On the flip side though, I regret the marriage because he refuses to move to a country with better social safety nets should something go wrong; living knowing that should his nest egg dry up, that weβll be on the street in retirement, is inherently really stressful [we live in the USA].
I have a BS, with probably no inheritance coming (Iβve been told so).
Heβs a certified accountant and makes double what I do. He controls all the money for obvious reasons.
Nope.
Financially yes, psychologically, no.
In some ways, sure. I'm not religious, and I don't have children. In terms of finances, no.
No, not even close.
Yeah, by a long shot. We didn't have a lot growing up but my parents made sure I went to school.
Yes, because I didnβt have kids. Also, Iβm in a happy partnership.
However the world was in a better place then, so I feel like Iβm mentally in a worse place probably.
The world was always a shitty place, we are definitely facing new and frightening challenges but they can be overcome it will just be difficult.
Not at all. And I'm doing extremely well.
Yes and no. I probably am a bit better off than my parents, but they raised 4 kids and I raised none. My Mom was mostly stay at home (went back to work after all us kids moved out). My spouse has a good career, which is an added bonus.
Yes! But it's because our situations are very different. I don't have a child, but I was already a preteen when my mom was this age. I didn't have a deadbeat, abusive, drug addicted, , money draining spouse. I've cut off people (family) that I saw take advantage of my mother growing up. I don't have a sibling who is a manipulative, selfish, lazy, money grubbing piece of shit. Fuck, I don't have a daughter (me) that I've had to help for years while she tried to get on her feet.
I also have a wonderful mother who did what she could to set me up for success, trying to correct the mistakes of her childhood. My great aunt left me some money that helped with school (I'm still in debt, but could have been way worse). I have a good friend that talks me out of reckless shit, not egging me on to take advtage.
I'm also less social, so I'm not going out to lunch or parties and what have you. I live alone with one cat.
TL;DR: Yes, but is because I have less responbilities than my mother had at this age, and it's cheaper living a solitary lifestyle with one kitty cat.
Not really, but idc
My parents had a mortgage; car loans; and 4 children at my age, while I struggle to maintain employment and don't qualify for any type of financing because of it and all this despite having a very high demand skillet in tech; I'm not only doing worse than my parents, but worse than most of my peers.
To be fair: I don't fit the stereotype of an autistic person so people presume I'm neurotypical and that keeps long term employment out of reach for me.
I am very much so β¦ but thatβs only because both my parents were shithead drug addicts in their 20s. My mom got in AA and turned her life in to a better place but she was starting again from the bottom. My dad didnβt get help and was still using and dealing and struggling last time I heard.
Better: I live near the sea so I can easily cycle to the sea for a swim in my lunch break. My PC is a lot better than the one my dad had at the time and relative to inflation costs a lot less, even without inflation it isn't that much more. Worse: Pretty much every other way. I guess my job is safer but we both have to work while my mum didn't have to work. We don't have kids either.
Yes.
I have a home, a good job, and am able to save enough that it's possible I may be able to retire in my fifties.
The only responsible decision my parents made was to pay off their house. They had over a dozen kids and my dad literally roofed houses until he couldn't anymore physically. They're now in their 80's and driving for DoorDash, in a car they've "borrowed" from me for almost a year, that I'm certain I'm never getting back.
And, somehow, despite having no mortgage or car payment, they still aren't paying their bills on time. (But, to be fair, that's also a referendum on the US economy and capitalism in general, and none of us can get actual progressives elected.)
Surprisingly, yes. I made some risky decisions between 2020-2022 that paid off significantly, though.
The pandemic turned my prior job to 100% remote and I got in writing from their HR that I could move anywhere in my province. This allowed me to find a house I was able to afford buying, so that's what I did with the support of my wife. About a year after that I got a much higher paying job local to my new home, which is when I beat or matched my parent's income at the time which certainly was more than when she was my age.
I lept into the unknown and didn't die, it's been great!
Gosh no, not in Canada.
They paid 170k for a great house in one of the nicest neighborhood of Montreal in the 90s. I'll be paying 3x more for a super basic house in a shitty neighborhood. I was lucky enough to buy a house before the pandemic so I made a profit selling it, but even with that I won't even come close to their way of living.
No.
No. I'm not in a bad spot but definitely not as comfortable as I grew up.
Absolutely not.
Nope.
Oh yeah