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The majority of voters under 30 said it has become harder to buy a house, raise a family and get a good job in comparison to the previous generations, according to a new poll.

  • jimmydoreisalefty@lemmy.worldOP
    71·
    4 months ago

    In a survey, published Sunday by CBS News, 82 percent of registered voters said they think it is more difficult to purchase a home than it was for previous generations, while 76 percent said the same for raising a family.

    About 70 percent of voters in the poll said securing a good job is harder than in the past, even in the wake of recent strong job numbers. According to the May jobs report, payrolls increased by 272,000 and wage growth ticked upward in a reversal of a three-month downward trend.

    While young voters overwhelmingly have concerns about the current state of the world, most voters under 30 — 62 percent — still have optimism about attaining the “American Dream.” Thirty-two percent said they won’t reach it, while 6 percent said they already have.

    CBS News link in article: https://www.cbsnews.com/news/poll-2024-election-new-generation-gap-young-voters-06-23-2024/

    ‘Interest rates at 23-year high’ article link: https://thehill.com/business/4718224-federal-reserve-june-2024-meeting-fomc/

    • BlameThePeacock@lemmy.caEnglish
      112·
      4 months ago

      Why do a quarter think that it’s the same or easier?

      This isn’t a subjective thing, it’s 100% proven at this point.

      • eee@lemm.ee
        15·
        4 months ago

        It’s real easy to purchase your first home, all you need is a can-do mindset, an always-hustle attitude, and a small $2m loan from your dad. Anyone can do it!

              • Fondots@lemmy.world
                2·
                4 months ago

                These numbers are always a little fucky unless you really want to go combing through some incredibly dull spreadsheets, reports, statistics, etc. to find exactly what you’re looking for

                EDIT #2: I’m an idiot who doesnt heed my own warnings about fucky numbers. Disregard the rest of this comment unless you want to see me being wrong, leaving it up because I own up to my mistakes. See the following comments for details

                But from a couple minutes of googling, it looks to me like the top 25% of income in the US puts you at around $100k/person, give or take maybe about 10K or so depending on where exactly you’re sourcing those numbers.

                That’s of course only part of the picture, net worth, investments, all kinds of creative accounting, etc. also play into that, but I only have so much patience to comb through all of it.

                That’s not what I’d consider wealthy, but I’d probably consider that to be a pretty comfortable income for a lot of people. Again, a lot of variables there, but in general that would probably be enough to make sure your basic needs are all covered, and probably to save a decent bit on top of that, be able to send your kids to a decent college and pay for at least part of it out of pocket, and at least generally enough to give you a leg-up over a family making the median income at about half of that.

                EDIT: My wife and I fall a bit short of that by probably about 30K each, we’re doing OK, not struggling but not making a whole lot of forward progress either. That kind of money would be almost like having a whole 3rd income for us

                • BlameThePeacock@lemmy.caEnglish
                  2·
                  4 months ago

                  25th percentile for median household income is only $133,000 per year, that’s not per person, that’s the entire household. You’re still working a full time job (or likely more) for that kind of wage. You probably also live in a high cost of living area. That’s comfortable, but hardly what I’d consider “easier” than the previous generation.

                  • Fondots@lemmy.world
                    1·
                    4 months ago

                    Looking further into it, your numbers do seem to be more accurate and I’m going to edit my above comment to reflect that.

                    Serves to illustrate my point about fucky numbers though, there’s lots of bad sources out there that are cherry picking different stats and statistics that sound like but aren’t quite what you’re looking for, doing some questionable math, bullshit written for SEO algorithm purposes and AI generated content making up numbers, etc, and I’m not immune to falling for that. Whatever the hell I was googling earlier (unfortunately I keep my browser and search history wiped pretty clean and I’m having a hell of a time trying to retrace my digital steps, otherwise I’d share where I got those numbers and where I went wrong) was giving me the very distinct impression that the 75th percentile was roughly in the ballpark of 100K individual