Baby boomers weren't handed houses. It was impossible to land a mortgage without a large down payment in their day, and in the 1980s mortgage interest was in the teens and twenties percentage. Home owners had to have bank or inheritance, period.
I'm Gen-X, the first gen to have the ladder pulled up in front of our faces by the booms, while they left us unsupervised for days/weeks to make do for ourselves, but it wasn't all ice cream and rainbows in America, ever.
I'm not quite old enough to be Gen X, but I do remember when I was 18 could afford rent working as a gas station attendant. I could work a job like that and afford all my basic needs without government help (except healthcare, couldn't afford that).
It's messed up right now and it's okay to say that
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u/TheModWhoShaggedMe 18h ago edited 18h ago
Baby boomers weren't handed houses. It was impossible to land a mortgage without a large down payment in their day, and in the 1980s mortgage interest was in the teens and twenties percentage. Home owners had to have bank or inheritance, period.
I'm Gen-X, the first gen to have the ladder pulled up in front of our faces by the booms, while they left us unsupervised for days/weeks to make do for ourselves, but it wasn't all ice cream and rainbows in America, ever.