Less old money and more historical money

https://lemmy.dbzer0.com/post/65795746

The kids of the youngest gen x/oldest millennials are super lucky though, I have two coworkers in that category and they’re paying for cars, rent, living expenses, and are taking on the school debt for their adult kids (who have graduated college and are currently working).

I think this might be necessary now to give your kids a good chance, but there’s no way my parents could have bought a car for me and each of my siblings, let alone pay for college and rent through our twenties. Expectations for what the parents are responsible for has shifted drastically.

Your personal anecdotes cannot be applied to an entire generation.

No. They can. There is clear stats on this. 53% of first time home buyers in the millennial generation, had parental assistance in buying their first home. If your parents did help you buy your first house, you’re in the minority of millennials.

And in my personal experience that totally tracks. Most people I know my own age… had parental help buying homes. But they do not talk about it at all, because they know it’s shameful. They still look down on people who don’t own homes though!

Most millennials don’t own a home. Home ownership at the same age boomer > Gen x > millennial. Just focusing on the fraction that owns a home ignores the vast majority who don’t. It tracks that the ones who own a home have intergenerational wealth, as that divide widens it’s the only way it’s feasible. But it’s still a small minority of the population
55% of millennials own homes. Stop spouting nonsense. In another 5-10 years that number will go up substantially, as they age into the median homebuyer age of 40. I bought my place at 37.