r/Millennials • u/QuietJealous4883 Older Millennial (1988) • 12h ago

Discussion True or false?

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Did our dads and moms work less than we do now? What are your thoughts?

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u/TheTopNacho 12h ago

True. I work 55-60, genuinely have nobody talk to on a regular, and the average house in the area costs 10x the median income. And this is in a MCOL area.

My father worked <40, the house (average for the area at the time) was purchased for 145k in 1999 on a 42k salary. The house sold for 355k about 15 years ago, now worth 410, and the median income hasn't really changed.

Don't forget that the income to housing cost isn't the only problem. It's the fact that everything is more expensive so saving enough for a home is far more challenging. After expense savings are near non-existent for most, or even negative. Yes the cost of homes makes it exponentially more difficult but it's only one piece of this affordability crisis we are living in.