[Image: A hand drawn illustration showing two young white people, one a man and one a woman, both dressed in trendy tee-shirts wearing trendy glasses. The man is holding a bindle (a stick with a tied cloth bag on the end of it) over his shoulder. They are both walking past houses and cars that have fore sale signs and advertisements for their reduced prices.]
What if Millennials’ aversion to car-buying isn’t a temporary side effect of the recession, but part of a permanent generational shift in tastes and spending habits? It’s a question that applies not only to cars, but to several other traditional categories of big spending—most notably, housing. And its answer has large implications for the future shape of the economy—and for the speed of recovery.
Read more. [Image: Kagan McLeod]
It’s safe to say that a decent number of Tumblr users are a part of the Millennial generation. So, tell us: Do you own a car or house? If not, why?
IT’S BECAUSE THEY HAVE NO DISPOSABLE INCOME YOU THUNDERING IDIOTS. Fucking preference has nothing to do with it. 50% of college graduates have no job! They all have the most student loan debt ever! What are you asking this question for?!
Also: housing is a good bit more expensive now.
My parents got a 15-year mortgage on a new house in the mid-70s. The house was $32,000. Average home price in that area now? $190,000.
So, home prices went up. Food prices went up. Health care prices went WAY UP. Rent prices went up. Higher education went up so damn high that some of us forgo that all together. Energy prices went up. Car prices went up.
Prices of prices went up.
We also pay cell phone bills, internet bills, data plans, text plans, online subscriptions, cable/satellite tv, netflix, DVR subscriptions — bills that didn’t even exist 30-40 years ago. We also use computers and smartphones and microwaves and other consumer electronics that didn’t exist 20-50 years ago.
We need medications and doctors and contact lenses and tampons and maxi pads and other things that cost money just to be alive and keep us healthy.
Most of us can’t afford to:
- Get married and have a “Traditional” big wedding
- Buy a house
- Buy a new car
- PLAN to have children
- Take two, consecutive weeks of vacation.
Jobs that paid 50k in the late 1990s now pay between 30-35. Interest rates that favor consumers have gone down.
So I say, no. We are not choosing not to buy homes. We’re not choosing to take the bus in cities where there’s no good public transit. WE ARE NOT CHOOSING TO LIVE WHAT SOCIETY DEEMS AS AN UNDESIRABLE LIFESTYLE.
Don’t even get me started on the fact that these two people in the picture are young white hipsters. Young black and brown folks have been forgoing homeownership and buying new cars for decades, this shit isn’t new, pal. You’re just acting like this shit is new because it’s hitting white folks.
anyway, my point is: We are fucking broke.
read the commentary above ^^
"Hey. Hey, guys. I know the economy being fucked up is totally our fault, but what if we tell people the next generation…wants to be poor?”
i swear to god the rich fuckers running our media are so goddamn removed from the reality of our lives!
The commentary, though. THE COMMENTARY IS THE RIGHTEST OF THE RIGHT.
I had to join the military just to make any kind of income and it’s not even disposable. Most of my money is going into paying off my student loan debt. I barely got approved for a loan to buy a USED car and even then they’re taking me to the cleaners with it.
I will probably never own a home in my lifetime.
A Wal-Mart worker died early Friday after an “out-of-control” mob of frenzied shoppers smashed through the Long Island store’s front doors and trampled him, police said.
The Black Friday stampede plunged the Valley Stream outlet into chaos, knocking several employees to the ground and sending others scurrying atop vending machines to avoid the horde.
When the madness ended, 34-year-old Jdimytai Damour was dead and four shoppers, including a woman eight months pregnant, were injured.
"They took the doors off the hinges. He was trampled and killed in front of me.
Damour, a temporary maintenance worker from Jamaica, Queens, was gasping for air as shoppers continued to surge into the store after its 5 a.m. opening, witnesses said.
Even officers who arrived to perform CPR on the trampled worker were stepped on by wild-eyed shoppers streaming inside, a cop at the scene said.
"They pushed him down and walked all over him," Damour’s sobbing sister, Danielle, 41, said. "How could these people do that?
"He was such a young man with a good heart, full of life. He didn’t deserve that."
His cousin, Ernst Damour, called the circumstances “completely unacceptable.”
"His body was a stepping bag with so much disregard for human life," Ernst Damour, 37, said. "There has to be some accountability."
Roughly 2,000 people gathered outside the Wal-Mart’s doors in the predawn darkness.
Chanting “push the doors in,” the crowd pressed against the glass as the clock ticked down to the 5 a.m. opening.
It didn’t work.
The mob barreled in and overwhelmed workers.
"They were jumping over the barricades and breaking down the door," said Pat Alexander, 53, of Crown Heights, Brooklyn. "Everyone was screaming. You just had to keep walking on your toes to keep from falling over."
After the throng toppled Damour, his fellow employees had to fight through the crowd to help him, police said.
"When they were saying they had to leave, that an employee got killed, people were yelling, ‘I’ve been on line since Friday morning!’" Cribbs said. "They kept shopping."
When paramedics arrived, Damour’s condition was grave.
"They were pumping his chest, trying to bring him back, and there was nothing," said Dennis Smokes, 36, a Wal-Mart worker.
Damour was taken to Franklin Hospital and pronounced dead at 6:03 a.m.
This is the SECOND time this has happened at this Walmart!
what the fuck america
Exclusive: Essex social services have obtained a court order against a woman that allowed her to be forcibly sedated and for her child to be taken from her womb by caesarean section
This is outrageous.
holy. fucking. shit.
we live in a world where a baby can be taken from a mothers womb, regardless of how rare this is, IT HAPPENED, ITS A THING THAT EXISTS AND HAPPENED
tell me more about how we dont any form of feminism in todays world…..
what the fucking fuck…. How could ANYONE do that to another human being? Regardless of their mental capacity, that is just barbaric and criminal. What the actual fuck.
NO THAT IS NOT OKAY WHAT THE ACTUAL FUCK
jesus this is some real brave new world shit wtf
Half female, half male.
Bilateral gynandromorphism is a rare genetic disorder occurring in insects, arachnids, crustaceans, and birds, where a strange combination of genetic material splits a creature perfectly in half, with one side male and one side female.
This is so god damn elegant and powerful. What even.
can it have sex with itself
I don’t believe in charity. I believe in solidarity. Charity is vertical, so it’s humiliating. It goes from the top to the bottom. Solidarity is horizontal. It respects the other and learns from the other. I have a lot to learn from other people.
Hawaii Rep. Chris Lee is believed likely to vote for the state’s marriage equality bill, which is heading to the House after passing easily in the Senate. He’s received a great deal of praise from constituents — and a written death threat delivered to his home.
The note had reportedly been placed under a slipper outside the door of his Kailua home, but Lee doesn’t seem fazed.
“Clearly, when things like this happen,” he told Hawaii News Now, “it generally means you’re doing something right. Over the history of difficult issues there’s always going to be people on the fringes who are upset that they’re not getting their way or that people are speaking out against their position, and such is life.”
This is what it’s come to. If people like this are threatening the popular, well-off politicians who support marriage equality, imagine what they’ll do to queer people themselves.
"talking about sexism or racism on Tumblr doesn’t solve anything"
really? because I am absolutely certain that I am a better, less bigoted person than I was a few years ago and that is most certainly due to the people I met and things I read on Tumblr
perhaps it doesn’t do anything for the worst of the worst but there are still plenty of people who do learn from impassioned Tumblr posts
Earl Sampson has been stopped and questioned by Miami Gardens police 258 times in four years.
He’s been searched more than 100 times. And arrested and jailed 56 times.