sunnychooks said:
The percentage of our parents income is irrelevent because we live in a different society with different expenses and different monetary needs.
I am curious as to what those
are? I am entirely willing to believe I'm missing something here, but you need to tell me what it is.... to me, we still have the same expenses and monetary needs as ever, those being 'a roof over our heads', 'food to eat', 'water to drink' (well ok, that didn't used to be something you had to pay for, but it is not a big part of anyone's expenses, either), 'something to wear', 'a way of keeping warm in the winter', 'a way to get to work,' and 'a basic level of medical care'. Should probably add 'and savings against future need and retirement'.
Certainly many people spend money on things that would have been rare or unheard-of in the 1850's or 1950's. For instance spending a large chunk of income on christmas presents, yearly vacations, big spiff houses with new furniture and $10,000 kitchen remodels, $100 of toys per month for the kids, having your hair done once a month, eating out twice a week, that kind of thing. But that is DISCRETIONARY spending, not 'needs'.
The main difference I can see, and *maybe* this is what you are referring to?, is that people now expect that EVERYONE should be able to own a house (at the same time having Lotsa Stuff). This was
not the case Way Back When. Now I'm not saying it's a bad idea for everyone to own a house - I think it is generally a good thing - but even nowadays, a house still has to fit in with the rest of the expenses, and for many many people it's not possible to do that AND keep up with what's become our societal assumptions about all the other things that 'need to' have money spent on them.
The worst that I can say is that, yeah, not all geographic regions *have* affordable houses enough for everyone (cities in particular!), so if you want to own a house and be reasonably solvent it may be necessary to move elsewhere. And even in the majority of relatively affordable housing markets (especially if you look at housing prices relative to salaries in the region), it is still generally necessary to scrimp and save much more severely than most people would wish to if you're going to be able to gracefully afford a nice house without an onerously large mortgage. But you know, it's always BEEN like that... the difference is just that it used to be that people WOULD often live like paupers for years in order to be able to afford houses, whereas now it is far far more popular to spend money on nice things, scrimp on cheap industrially-produced food, and have the nice house sooner rather than later. I'm not placing a value judgement on either of these things, I'm just saying that the playing field has not changed, only the strategies of the players, you know?
Signed,
Argumentative Pat

(honest, I'm NOT trying to be argumentative if you mean just arguing for arguing's sake, though. I don't see why this isn't a reasonable topic for discussion, and yes, in discussion people often bring up a variety of viewpoints)