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Democracy

Millennial shuts down judgy boomers by comparing cost of 'luxuries' in 1980 vs 2025

The data backs him up.

via Canva

Millennial man says "luxuries" aren't the reason young people can't afford to live.

Millennials constantly lament the high cost of living and the fact that so-called "American dream" is out of reach for many of them. Housing prices have skyrocketed, as has the cost of a college education. Eating out has gotten drastically more expensive, and making food at home with fresh groceries is hardly any cheaper. It's just so hard, they say, to get a foothold in the modern economy. Boomers, who grew up in the 50s, 60s, and 70s, however, aren't wasting any sympathy tears.

One of the big talking points in the great American millennials versus baby boomers debate is that, yes, things are more expensive; but has the younger generation has knee-capped itself by its lavish spending habits that have prevented them from owning homes? If millennials stopped buying $14 avocado toast and $1,000 iPhones, would they be able to save enough for a down payment on a modest house?

Freddie Smith, 36, of Orlando, Florida, recently went viral on TikTok for a video in which he challenged the boomer argument with statistics from the Bureau of Labor, Federal Reserve, and the U.S. Census Bureau.

Smith believes that the older generations misunderstand millennial finances because their concept of luxury is based on 1980s economics. That's when most boomers were coming of age and buying their own family homes, and their ideas of saving up for a down payment and affording a monthly mortgage are heavily outdated.

Smith says that for baby boomers, essentials such as rent and child care were much more affordable, but items considered luxuries (TVs, CD players, computers) were much more expensive.

How is the economy different for millennials than it was for baby boomers?

"The main shift is that core essentials—housing, education, healthcare, and even food—have become more expensive," Smith said. "Housing and rent, for instance, now outpace wage growth, making homeownership feel unattainable for many. The cost of childcare has also skyrocketed, and food prices have increased.”

The home price to income ratio is currently at an all-time high. The Joint Center for Housing Studies of Harvard University writes, "In 2022, the median sale price for a single-family home in the US was 5.6 times higher than the median household income, higher than at any point on record dating back to the early 1970s." That ratio was closer to 2.5 in 1980.

Even transportation has skyrocketed. Buying a new car now costs about as much as the median yearly salary, with entry-level vehicles disappearing rapidly and being replaced with high-tech, fuel-efficient offerings.

"As a result, I think older generations have a different perspective on luxury versus necessity,” Smith continued. “They grew up in a time when hard work typically led to financial stability, whereas today, even with hard work, many people struggle with the high costs of housing, rent and medical expenses. Basic survival used to be far more affordable, allowing people more financial room to build a stable life."

  - YouTube  www.youtube.com  

Smith’s numbers don’t lie. For a person in the '80s to own three TVs, a CD player, a cellphone, a microwave, and a computer, it would cost them 3.5 years of rent or a 20% downpayment on the average home. So, it was irresponsible for someone in that period to purchase all of what was known then as luxuries.

However, for millennials, these "fancy toys" are a lot more affordable compared to the big ticket items of housing, childcare, and college education. Skimping out on them won't make a meaningful difference in the attempt to save up the massive amount of cash required for a down payment on a modern home. To wit:

"But if you skip that daily $6 Starbucks drink, you’ll have enough for the downpayment in 29.22 years," Yokahana joked in the comments.

"I hate that housing and transportation have become luxuries," Molly added.

"Imagine spending 3x your rent on a microwave," Donutdisaster wrote.

Older people may see millennials with multiple TVs in their home, along with iPhones and tablets, and think that money could be better saved up in service of the "American dream." But the truth is that those savings won't really help, and worse, they'll make life pretty unenjoyable in the meantime!


Why are luxury goods more affordable now than they were in the '80s?

The price of manufactured goods has steadily fallen over the last few decades due to technological improvements and trade policies that have allowed the U.S. to import goods from places where labor costs are cheaper.

"International, global competition lowers prices directly from lower-cost imported goods, and indirectly by forcing U.S. manufacturers to behave more competitively, with lower prices, higher quality, better service, et cetera," Sociologist Joseph Cohen of Queens University said, according to Providence Journal.

Even as recently as the early 2000s, a high-quality TV was likely to cost over $1,000. Nowadays you can get an equivalent, or better, television set for just a few hundred bucks.

Why are housing prices so high?

Housing prices in the US have soared due to the low inventory caused by the Great Recession, mortgage rates, and zoning laws that make building more challenging.

 Rents have increased considerably since the pandemic due to low inventory, inflation, barriers to home ownership, and the fact that more people want to live alone than with a roommate or romantic partner.

Smith’s breakdown of the economic changes over the past two generations makes a strong case for the idea that millennial financial troubles have more to do with systemic problems than spending habits. The boomers got a bad deal regarding luxury items, and the millennials with necessities. Wouldn’t living in a world where both were affordable in the same era be great?

This article originally appeared in February. It has been updated.

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Joy

Nate Bargatze explains what Xennials are and why they feel caught between generations

Like Generation Jones, Xillennials have their own unique set of traits that sets them apart from other age groups.

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Nate Bargatze performing stand-up.

Never heard of Xennials before? You're not alone! It just so happens, the term Xennial first appeared in an article for GOOD Magazine by writers Sarah Stankorb (who coined the term) and Jed Oelbaum. It was described as "a micro-generation that serves as a bridge between the disaffection of Gen X and the blithe optimism of Millennials." Other unique terms have come to describe this group (roughly figured to have been born between 1977-1983.)

These include The Star Wars Generation, The Oregon Trail Generation, and Generation Catalano, (the latter suggested by Slate writer Doree Shafrir in reference to Jordan Catalano on the hit 90s TV show My So-Called Life.). During his Netflix is a Joke segment, Nate gave us the reasons Xennials are truly awesome. Here are a few hilarious takeaways from Nate's bit on the topic:

Growing up as a young kid felt safe.

 nate bargatze, nate bargatze special, millennial , xillennials, best comedian, millennial humor Kids playing outside, nary a care in the world. Photo credit: Canva

"When I was a kid, it felt like the 50s. You'd go outside and your parents just didn't know where you were. We went to school to school and played Oregon Trail on a computer at school! No one had a computer at home - it's like what are you a Zillionaire?"

They still had privacy.

While Nate confirmed he got AOL, a home computer, a beeper and a cell phone in high school, he didn't have social media until he was 26 with Myspace.

 nate bargatze, nate bargatze special, millennial , xillennials, best comedian, millennial humor Be honest, how cringey was your AOL screen name?  media4.giphy.com  

"Whatever I did in high school is a rumor. It can't ruin my life!"

You are equally impressed and disappointed by other generations.

On a hotel stay, the Chromecast on his TV stopped working so he called the front desk. "The oldest voice I ever heard answers the phone. This guy was a Civil War survivor. I mean, he was the age where you just go 'Thank you for your service.' So I tell him my Chromecast is not working and I could have just made up a word. I mean, he's never heard of that. I could have said 'My beep bop broke.' He goes, 'Look, I don't know what this is. But there's a younger guy, I'm gonna send him up, he'll be able to help you."

A guy shows up, Nate mused, and he's "his dad's age." Nate immediately determined that if he can't fix it, this guy can't either. "But he's the generation that still wants to give it a try. So he comes into my room, sits on my bed, just a little too far back, I thought."

He then said the guy grabbed the remote and just started pressing everything. Nate suggested, "I'm gonna turn the shower on, open a window, let's try everything!"

The "pressing all the buttons" tactic shockingly doesn't work. Nate shared that the guy finally says, "Alright, there's a younger guy. He's about to come to work. And at this point, I'm like 'I'm the younger guy, man. It's alright dude, I don't need it.' And he goes, 'No, no, no, it's a Millennial." And I was like 'Alright, now we're getting somewhere. This is what the Millennial does. He was born with technology, he's gonna know how to fix this!"

So the guy said the Millennial will arrive to work in an hour. And Nate quipped, "Let me tell you. You know how quick that Millennial fixed it? Well, I'll never know because he just didn't come to work that night."

And guess who relayed this message. "I found out because the old guy called me. He was supposed to fill in for him. He was furious, dude. He hates that Millennial. He goes 'He never comes to work. He doesn't take it serious. He's got a peanut allergy.'"

In the end, it took a Xennial to figure it out. "I ended up fixing it myself, because it was just unplugged. So that's yeah…that's my fault."

Watch the full bit below:

  - YouTube  www.youtube.com  

Just like Generation Jones, Xillennials have unique qualities that don't necessarily fall in to either surrounding age group. If you tend to not really relate to your prescribed generation, it might be worth seeing if you relate more to those lesser known age groups in between.

This article originally appeared in February

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Modern Families

Millennial mom gets real about 'absent boomers' who won't make time for their grandkids

They always seem to have time for vacations. Grandkids? Not so much.

via Canva/Photos

A stressed millennial mom and her parents.

The baby boomer generation is often called the "Me Generation" because after the social upheaval of the ‘60s, they began to focus on themselves, prioritizing wealth accumulation, personal growth, self-help programs, and fitness. Now that baby boomers are grandparents, some millennials aren’t too happy that the Me Generation has taken that ethos into their golden years.

Although it’s important not to paint every generation member with the same brush, many older millennial parents feel that their baby boomer parents, known for being the least involved in recent history, are acting the same way as grandparents. Mother Phyllis, a popular TikToker with much to say about boomer grandparents, recently shared a video about how her parents live 40 minutes away and put very little effort into being grandparents, but brag about how much they love their grandchildren on social media.

The crux of Phyllis’ point is that older millennials had grandparents involved in their lives, but their parents don’t have the same dedication.

@motherphyllis

Can anyone else relate?????? I should’ve said absent grandmother’s not grandparents but y’all know what I mean 🤣 #fyp #fypシ #fypage #viral #fyp #viral #millennial #boomer #momlife #mom #sahm #funny @laneige_us

“My mom comes over for her yearly visit and snaps a picture of the kids. Or sometimes she doesn't even do that. She'll just take a picture off my Facebook page, post it to her Facebook page, and say, 'I love hanging out with my grandkids so much,'" Phillis says in a video with over 200,000 views. “They're so amazing. And then her friends comment and say, ‘Being a grandparent is so amazing, it's just so great.’” Phyillis adds that when she had a child, her boomer parents didn’t show much interest in helping after her birth, saying that helping out was her husband's job.

 millennials, baby boomers, baby boomer grandparents, absentee grandparents, generational complaints, active grandparents A boomer grandma ready to post on Facebook.via Canva/Photos

The post resonated with many people in the comments who are having the same struggles with their boomer parents. "Their parents raised us. They didn’t even want to be parents, so they’re sure as hell not gonna be grandparents," Kim wrote. "I mean, you think having boomer grandparents are bad, try having them raise you. Generation X basically raised ourselves because they’re busy," Queen added.

A big reason why parents like Phyliis feel betrayed by their parents for refusing to be involved in their children’s lives is that they probably had grandparents who were involved in theirs. Many older millennials and Gen Xers had grandparents involved in their upbringing, providing daycare, babysitting, and making social visits, because their grandmothers were raised to be homemakers and didn’t have jobs. So their lifestyle was more geared to taking care of children. Boomer women were much more likely to have had careers and still work to this day.

@motherphyllis

Millennials just can’t understand the way some boomers act If I’m being honest ##fyp##foryoupage##fypシ##fypage##mom##sahm##momlife##honest##truth##relatable##millennial##boomer##generation##millennialstothemoon##phyllis

“Here’s the thing, though: it’s statistically more likely that your own grandmothers were homemakers, at least from the time they had children,” DeeDee Moore, a grandparenting influencer, writes for Scary Mommy. “They were home to watch you after school, or host you and your cousins for weeks during the summer. Starting with the baby boomer generation, women were more likely to be in the workforce, making babysitting grandkids and cousin camp harder to pull off.”

While parents like Phyllis have a good reason to be upset that their parents aren’t involved in their children’s lives, everyone’s situation is different, so we can’t bash all boomers for being uninvolved in their grandchildren’s lives. However, their accusation does follow a significant generational trend: Gen Xers and older Millennials, known by some as Generation Goonie, were raised in a world with very little parental involvement. So, it's unsurprising that their children have grandparents who may not be around much.

This article originally appeared in April

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Culture

Elder Millennials discuss the major cultural differences they have with 'core' Millennials

"Teddy Ruxpin."

Images via Wikipedia

Elder Millennials reveal the different childhood experiences they had compared to young Millennials.

Millennials, those born between 1981 and 1996, are a generation with wide-ranging childhood experiences. Millennials born in the early 1980s, also known as 'Elder Millennials," had vastly different upbringings than those born in the 1990s.

In a Reddit forum for Millennials, member @_NoleFan6 posed the question: "Elder millennials (81-84), what are some things that separate you from the core/late millennials?"

They continued, "I’m just curious what makes my fellow elder millennials identify more with Gen X? Some things for me are: Being old enough to remember the tail end of the 80s, seeing Terminator 1 before Terminator 2, M.A.S.K. (iykyk), woodgrain VCRs, roller racer, going to see 1989 Batman at the theater, seeing Bo Jackson play, and not accessing the internet until ‘97 (I was 14). How about y’all?"

Many Elder Millennials could relate. They offered up 16 of their childhood experiences and how they differ from younger Millennials.

 teddy ruxpin, teddy ruxpin toy, teddy bear, teddy bear 80s, 80s bear Teddy Bear 80S GIF  Giphy  

"Teddy Ruxpin. I'm a 1982 baby, and the Teddy Ruxpin craze was big when I was around 3 years old in the mid-'80s. I had talking Teddy, his talking friend Grubby, his books, his cassette tapes, his toy air ship and figurines, pajamas, underwear... People who are a few years younger than me don't really know what I am talking about when I mention him." —@KevinTodd82

"Being a latch key kid. And when young millennials don’t understand the turn it up to 11 phrase." —@geopimp1

"I’m an elder and my sister who’s 10 years younger is a core so I see Millennials as her generation not mine really as far as how we grew up. She was in grade 4 when 9-11 happened and I owned my own home. She is who taught me to take a selfie and I still have never used a filter. There’s just so much difference." —@Trick-Coyote-9834

 my little pony, saturday morning cartoons, cartoons, 80s cartoons, morning cartoons My Little Pony 80S GIF  Giphy  

"We’re basically the in-between crew. We grew up like younger Gen X (80's Saturday cartoons and toys, landline phones, dial-up internet, tapes) but we hit our teenage and college years just as all the new techs exploded. So we remember life before smartphones and social media, but we adapted to it way faster than Gen X did. Basically, we were young enough to go through the whole switch from analog to digital, so we remember life before the internet but adapted to the online world pretty easily. We relate to Gen X and millennials in different ways, kind of the best of both. That’s why some of us like the term 'Xennials', which is those born between ’77 and ’83 or 84'." —@CedricBeaumont

"Tv before ratings. It was a free for all." —@merylbouw

"tamagotchi. pokemon. grunge." —@WOLFMAN_SPA

"Patchouli oil smell." —@rollbackprices

 grunge, grunge music, nirvana, kurt cobain, alternative rock kurt cobain nirvana GIF  Giphy  

"Grunge. We were a little too young for the breakout albums in 1990-91, but we were the perfect age for the follow-ups in 1993-94 and the broader explosion of 'alternative rock' music in the mid 90s. Sadly, people who are even a little bit younger did not share in this experience, and that’s a bad thing because the music industry took a turn for the worse in the late 90s." —@Appropriate-Topic618

"Never had computer is or video games growing up. Literally grew up outside with no electronics." —@Humbly2022

"Being aware in the 90's." —@DiskSalt4643

 90s, 1990s, the 90s, millennials, clueless Alicia Silverstone Reaction GIF  Giphy  

"Being an adult when I got my first email address, and 9-11 happened. (A very young one, but still.) Having a truly analog childhood." —@Wild-Sky-4807

"Remembering Desert Storm and the USSR listed on maps in first grade textbooks. Princess Diana's death. MySpace top 8. Making your own websites on angelfire. AskJeeves. Dogpile." —@Ready-Player-Mom

"Michael Jordan. Michael Jackson. Mike Tyson. Michelangelo." —@Due-Set5398

 michael jordan, jordan, michael jordan gif, miachael jordan nba, bulls Chicago Bulls Dunk GIF by NBA  Giphy  

"I’m (82) an elder married to a core (88). Music, pop culture and especially kids programming are the main difference. We remember the 90s very differently - I was already too old for the Disney 90s surge of Aladdin and Lion King while she was too young to follow Jordan and the Bulls. I outgrew TGIF by the time Boy Meets World went on the air but she was too young to understand why boys loved Step by Step." —@Quick-Angle9562

"I think the biggest difference is cell phones/social media. Late millennials had smart phones in hs. We didn’t have text messages, and had to wait til after 9 to talk for free." —@walkhardd

"Watching Jurassic Park in the movie theatre 🥹." —@organicbabykale1

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