I’m early GenX, very close to boomerhood. I was not able to buy a home until I was 43. I wasn’t wasteful either: bought used cars, cooked my own food, my rent was low for the (HCOL) area, but prices just kept climbing and perpetually stayed just out of reach. Finally got an inexpensive house in a less expensive part.of the Bay Area, and happened to do so when interest rates were low. I have a pile of retirement money waiting for me but I also know it’s not going to last long enough for my likely lifespan (my family tends to die in their 90s.) We can blame boomers for some stuff, but the economy they had in their working years is very different from what we have to deal with now.
I’m early GenX, very close to boomerhood. I was not able to buy a home until I was 43. I wasn’t wasteful either: bought used cars, cooked my own food, my rent was low for the (HCOL) area, but prices just kept climbing and perpetually stayed just out of reach. Finally got an inexpensive house in a less expensive part.of the Bay Area, and happened to do so when interest rates were low. I have a pile of retirement money waiting for me but I also know it’s not going to last long enough for my likely lifespan (my family tends to die in their 90s.) We can blame boomers for some stuff, but the economy they had in their working years is very different from what we have to deal with now.