OK, I was talking abouit London, but if you want to broaden this discussion to the US then OK.
Distind wrote:
At the same time after inflation I earn less than my parents did at my age,
In what terms? Loafs of bread a week? I hope not house price, thats too inflated today to be a good measure of wealth. I think today we have greater consumption, thus greater wealth than our parents. However to maintain todays lifestyle needs two parents working. In my parents day one wage was enough. What IS true is that SW engineers wages haven't gone up in 10 years. :( Still 40K sterling for a senior engineer. Anyway, I think you are being unnecesarially negative. I dont perceive life today as having less oportunites than the life of my parents. Yes, it is less stable, but yes, it is less constrained today. We have more choice today. Almost too much, and that can make life more complicated. I thin the US might be different to the UK. In the 60s the US was doing really well; better than the UK, and probably gave your parents a lifestyle that set a standard. The UK was doing alright, but not so good IMO. Anyway the chances are there today. YEs it needs work, but when did anything worthwile ever come easy? Perhaps that is the failing of this generation. They don't know how to work for the good things in life. I was always taught it doesn't come on a plate. And by god it doesn't! :)
============================== Nothing to say.