'The only thing worse than being a Gen Xer’s adult kid is being a retired Gen X'er. Talk about inflation killing your life and dreams and you can’t make up for it because your body is breaking down.'
that's been viewed over 14 million times, 51-year-old Jessica McCabe aired her frustration that the American dream seems so much further out of reach for her kids than it did to her.If you haven't seen it yet, her video is so powerful. For example, she starts by saying,"I am so tired of feeling helpless as a parent. Yes, my kids are grown adults. My oldest is 28. My youngest is 25.
"It's definitely more difficult for young people today with the housing costs for renting or owning being very much out of control. That said, it wasn't easy for me either. I graduated college in the middle of Bush senior's economic downturn, and I had to work two jobs to be able to afford to put a roof over my head. I wasn't allowed to live with my parents after college. Tough love tactics from the parents forced me out by age 23.
My parents mortgage was less than my first apartment, which in 1994 was $980 a month. I checked out of curiosity and that same apartment now rents for $2,700 a month and it is only a one-bedroom. "I've been struggling to catch up ever since. At nearly retirement age, I'm finally coming out ahead a bit every month. I even tried moving to a state cheaper than the one I grew up in. I also went back to school and got a master's degree. None of that helped.
As a result, I was out of work with not enough experience to get the only jobs that existed at that point, while CEO, Boards, and Senior management cut expenses so their paychecks and dividends remain untouched. For the next three years, I could only get temp jobs, interspersed with periods of unemployment. So, even with no college debt, and being able to live at home, this still left me financially devastated.
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