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Welcome to SportTrac.Org
Off Topic Discussion
OT: Richest 2% own more than half the world
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<blockquote data-quote="Adam Smith 2" data-source="post: 669295" data-attributes="member: 64869"><p>Precisely! And this situation is exactly what the baby boomer generation don't understand. There are many in my generations (people now in their late 20's early 30's) who are working every bit as hard as their parents (baby boomer gen) and basically skimming the poverty line. My dad still seems to think that working hard and saving money is a sound idea, but he came out of college in the 60s with no student loans to an economy where ONE year's entry-level salary could get you a 2-bedroom suburban home. Here I am 30 years later with the same college degree, same level job out of college, but I've got $50k of loan debt and an economy where that exact same home in the burbs now costs 10 years salary. These are real numbers by the way--the house that I was born in cost my parents $25,000 and its appraisal value today is $550,000.</p></blockquote><p></p>
[QUOTE="Adam Smith 2, post: 669295, member: 64869"] Precisely! And this situation is exactly what the baby boomer generation don't understand. There are many in my generations (people now in their late 20's early 30's) who are working every bit as hard as their parents (baby boomer gen) and basically skimming the poverty line. My dad still seems to think that working hard and saving money is a sound idea, but he came out of college in the 60s with no student loans to an economy where ONE year's entry-level salary could get you a 2-bedroom suburban home. Here I am 30 years later with the same college degree, same level job out of college, but I've got $50k of loan debt and an economy where that exact same home in the burbs now costs 10 years salary. These are real numbers by the way--the house that I was born in cost my parents $25,000 and its appraisal value today is $550,000. [/QUOTE]
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Off Topic Discussion
OT: Richest 2% own more than half the world
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