drpatois
Andrew LokenauthMarried and own a home by 30 year old in the US:
2025: 12%
2010: 25%
2000: 35%
1990: 43%
1980: 45%
1970: 48%
1960: 52%
I’m sure everything is fine.
aburtch@FluentInFinance The oligarchs are going to find out they've optimized and financialized everything to the point where no one will be able to afford anything.
David RenaudI think It's going to be ugly if we eventually have to go to a universal basic income.
@D_Reno @FluentInFinance It will get ugly before we even get to that. The money currently in power will not go voluntarily. Nor will it pay a UBI until there's literally no other option except for getting their heads cut off.
@aburtch @FluentInFinance exactly. That's when the country goes to hell.
Faraiwe@aburtch @D_Reno @FluentInFinance FTR, I and many millions of other Americans are just fine with the "off with their heads" option.
Finitum@aburtch @FluentInFinance going to capitalism ourselves back into indentured servitude.
I remember a culture lesson in high school about how young people in Spain lived with their parents until they were in their late 20s, even after getting married and the class laughing and laughing. Just lost it.
Welp. Here we are. Single family 3 bedroom 2 bath home rent going for 5k. Best of luck out there kids.
@Finitum @FluentInFinance Oh yeah, in my friendship circle, almost all have their college-aged or post-college kids living with them.
craignicol@FluentInFinance @LillyHerself "why aren't they having more kids?" 🤔
El Duvelle@FluentInFinance the two should be separated to be meaningful. People don't necessarily want to get married and that's totally fine. But I'm pretty sure everyone would want to own their own home if they could..
dave@FluentInFinance something something Ronald Reagan
S.Tori@FluentInFinance marriage and owning a home shouldn't be conflated together. Together they tell us little. Maybe some people are ideologically opposed to marriage but still own a home? I'm guessing they are not but marriage isn't the unquestionable stage in life it used to be.
MasterMischief@Torithom @FluentInFinance
Agreed. I am not sure this is the right metric we should be measuring by.
Agreed. I am not sure this is the right metric we should be measuring by.
alpha-o 💚🇪🇺🇺🇦@FluentInFinance while „own a home“ stands for „own a loan“
Magnus Ahltorp@alphao @FluentInFinance Doesn't "own a home" in the US also normally mean "contributing to unsustainable motonormativity"?
W6KME@FluentInFinance Everything is obviously not fine, but I'd separate those statistics. Being unable to buy a house isn't the same thing as choosing not to get married young.
EXE 🙏@FluentInFinance internet kind of ruined it, even 2000-90s was kind of good bro lol
we are actually fucked
Barry Cook 🇨🇦@FluentInFinance - marriage is not a priority for many (even if they could afford it), but the US Federal minimum wage of $7.25 / hour (for last 16 years) is in no way keeping up with the supply and demand and inflationary prices of homes. Even when many states have a greater minimum wage (usually around $15 / hour - except for outliers like Georgia at $5.15) - even at full time hours, that's not going to get you a house.
And its not getting any better anytime soon with this Administration.
WhatNowReallysource of numbers?
Bill Tschumy@FluentInFinance @mastodonmigration In 1960, the top US tax rate for earnings above $200,000 was 91%. That’s the clincher.
SteveP has moved@FluentInFinance You assume that marriage and home ownership are the best routes.
Chuck@FluentInFinance This paper (https://longevity.stanford.edu/new-map-of-life-2021/wp-content/uploads/sites/36/2018/06/Generational-Shifts-in-Age-and-Predictors-of-Homeownership-1.pdf) provides some interesting thoughts. But an important one is that it really really helps if you are married when you buy your home.
su_liam@FluentInFinance The future will own nothing, they will rent everything, and if they don’t like it, they’ll be blocked.
internet george@FluentInFinance compare with liberal and owns a gun
MidgePhoto@FluentInFinance is that for women?
Hellbent@FluentInFinance missing single vs double income data point. i bet the % drop would be significantly steeper.
Deborah Preuss, pcc 🇨🇦@FluentInFinance @mjt if this is sbout the economy, why is "married" a criterion?
mjt@deborahh @FluentInFinance Such an excellent point. So sorry to have missed it, and thanks for the reminder.
Damn. This stuff seeps into one’s consciousness and is hard to surface, much less eliminate. Must continue trying.
@mjt it's impossible to pay attention to it all. It may help to to narrow how much we need to pay attention to, perhaps.
Reinald Kirchner@deborahh @FluentInFinance @mjt I assume, a marriage might be an indicator for "confidence for a good life in future*, like buying house is.
@Reinald @FluentInFinance @mjt I think, in the US, not all partners have the privilege of marriage, in all states.
@deborahh @Reinald @FluentInFinance For now (and I emphasize “for now,”) the Supreme Court’s various rulings on the subject permit any two people to get married legally. Federal law (or court-interpreted Constitutional issues) control, superseding state laws. But clerks who register marriages and issue marriage licenses can subvert federal law if they’re not sued or exposed. (1/2)
As with all rights, they’re not actively enforced by a god nor governments. Rights depend on the goodwill and support of the body politic, and the US body politic needs a really good doctor. (2/2)
@deborahh @Reinald @FluentInFinance
@deborahh @Reinald @FluentInFinance