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rude_duner t1_j1vim4x wrote

You don’t pay anything for housing? Like even if you still live with your parents you make over 90k and don’t give them anything? Not even groceries or utilities (I know for a fact that grocery figure doesn’t cover the whole family).

Genuine question—are you parents wealthy? If not I can’t help but feel like this is kind of shitty.

Also frankly it’s almost annoying that you made this post. This isn’t about financial discipline, it’s about extremely fortunate circumstance. The rest of us don’t have this option, so it’s kind of just bragging about generational wealth. I’m sure you did something to earn your salary, but beyond that this is just a visualization of life on easy mode.

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justlikeofficespace OP t1_j1vk764 wrote

No I don’t, which is primarily why I’m able to save so much. The grocery figure was only for a couple of months when they were out. A more accurate figure would be $150-200 which is what I was spending when I lived on my own.

No my parents aren’t wealthy but the house is paid for and they still work part time. Again it might be a cultural difference but they insist on me saving everything I can towards a house of my own. They won’t accept my monetary “contributions”.

Sorry if this rubs you the wrong way. I was simply just trying to show a data point. Not meant to representative of anything.

This is definitely not generational wealth. Parents immigrated to the US in the 70s with barely anything and houses back then were around $100k. They worked hard and chipped away at the mortgage like every other working class American.

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rude_duner t1_j1vmrhf wrote

Well good for you and your parents, genuinely. I don’t mean to sound bitter about it, I’m just not sure what we’re supposed to gain from this. It doesn’t inform anyone of any potential spending habits other than “man it would be awesome if I had no bills.”

I make even more than you do and it will take me several years to save what you do in one. Just not sure what sort of feedback you’re looking for on this. Making it is one thing, posting it is another—it implies that you want engagement. But what sort of engagement did you imagine? Pats on the back and jealousy? Genuinely curious

Also FYI you should be aware that this is generational wealth. It may not be a 7 figure inheritance, but it is your previous generation providing you with a huge leg up on your peers to enable you to own more than you would have on your own. No shame in that, but that’s what it is. Be happy and grateful, but make sure you never brag

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justlikeofficespace OP t1_j1vrzdk wrote

It was intended to show a data point of a unique situation. You see other charts on here of very high earners, low savers, high savers, low earners, and a combination of these. This is just somewhere in between.

I wasn’t expecting a particular type of engagement. Just wanted to present some data.

I see how this can be generational wealth after you clarified. In my mind I always saw that term applicable to those around me who came from affluent families. I’m talking about Ivy League educated families whose children never had to worry about getting into college or being able to pay.

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rude_duner t1_j1vsh1i wrote

I guess I can see the value in that. After all I am an advocate for transparency about these things. It may help others to see that it isn’t their fault for not keeping up with people in situations like yours for example.

And yeah there are absolutely levels to the generational wealth thing and you are arguably on the lowest tier. That’s fair

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Ambitious-Ad6900 t1_j24q8a9 wrote

Do you realize the post clearly says "of A millennial" meaning it is specific to only one person not respresentative to a population? In this scenario, the author does not owe any explanations to you about their housing or family situation. Your questioning is hostile. What do you care if their parents are wealthy? Do you go around asking individuals of they are wealthy or how much they contribute to their parents?

It certainly is unfortutante that many people do not have this option, but the post does not seem intended to ilustrate a situation at population level, it is just about one person. Why is it shitty that they made this post? why is it a problem that not everyone has to struggle? are you bitter about every person who is in a better position than you?

I have news for you, in a lot of cultures, including mine, people do not have to leave their parents house, I mean they are not expected to leave, they can stay as long as they want, and we parents encourage our children to stay as long as they can so they can take advantage of having a roof and food while they are trying to build their life. It is not uncommon for people to live with their parents, even while earning a good income, and the reason goes beyond financial reasons, some times is even about company and taking care of your parents if they need that. If you marry you leave, if you don't marry you can leave or you can stay, hell sometimes if you marry you can bring your spouse (this is not ideal, but it happens a lot and no one judges that). People do not have to be wealthy to support their children like this. It is a cultural thing, more than a reflection of wealth, so your questioning is very inappropiate.

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rude_duner t1_j24r03k wrote

If you read further down you would’ve seen that I conceded there being value to the post. With that being said I don’t regret the way I approached it. My critiques were fair and I stand by them.

And I’m not jealous of anything he has to be proud of. To be frank I’m younger and earn more. I’m simply pointing out that he essentially posted a visualization of his personal privilege, which, again, I have already conceded may be valuable info to some so that they can understand why others have so much more saved than they do.

I wasn’t being hostile, I was genuinely questioning OP’s intent, because it didn’t seem very positive to me. I liked his response though, and we’ve made peace. You can chill

ETA: and about the culture thing—I have absolutely nothing against living with your parents. I wish I could. I have something against earning an above average salary and not contributing. Without an explanation for that it’s an objectively a bad look. I stand by that.

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Ambitious-Ad6900 t1_j24t5ht wrote

Well the language you chose is hostile, I stand by my critique of your response. You have no right to question people the way you did just because you have it harder.

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rude_duner t1_j24ufr8 wrote

I have no right to question people who post their data to a public subreddit? Hard disagree lmao

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Ambitious-Ad6900 t1_j24uyxj wrote

You really don't. They posted the data they chose to make public, you have no right to question what you questioned. It is none of your business if they contribute or not to their parents or if they are wealthy, let alone in the hostile way you did it.

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rude_duner t1_j24vk39 wrote

Again, hard disagree. If you don’t want people to question the details of your finances don’t post the details of your finances. If you’d simply said “he isn’t obligated to respond” I’d agree, but to act like asking the question was out of line is frankly ridiculous

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Ambitious-Ad6900 t1_j251jl0 wrote

You can disagree as hard as you can, but didagreeing hardly does not make you any less rude nor correct.

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rude_duner t1_j256x8w wrote

And likewise you stating that I have no right repeatedly will not make that true.

Are you one of OP’s parents or something? He wasn’t even offended by my question, why are you so up in arms about it?

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