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abelenkpe

(9,933 posts)
28. My parents grew up in a time when one could
Fri Dec 28, 2012, 11:45 AM
Dec 2012

Graduate from high school, get a steady job, get married, buy a home, raise a family, and retire in comfort with a pension on one salary. They were solidly middle class.

All of the kids in my family have excelled in school, gone to college, been saddled with years of student loan debt (because even when one receives scholarships it doesn't pay your entire way), need two working parents in order to get by and none have come close to living at the same level as our parents generation. Elisabeth Warren had a great lecture online outlining the information in her book the two income trap that shows how families today pay far more for the basics than our parents did. Millenials have it worse. They are lucky to find work (and it certainly isn't secure), and are saddled with more debt.

Nothing either side is proposing will recreate the world our parents grew up in. True economic recovery has to grow from the bottom up with workers in steady secure well paying jobs with the promise of retirement after a life of work. Secure in the knowledge that one illness won't wipe them out and leave their family in debt for medical care. That they can send their kids to college so they too can succeed. We need a new new deal and discussions centering around how little or how much we will cut are a sad surrender to the wishes of banks and wall street at the expense of everyone else.

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A Whole Different World... KharmaTrain Dec 2012 #1
Middle Class means you are comfortable financially and socially. liberal N proud Dec 2012 #2
+1000 orpupilofnature57 Dec 2012 #10
I watch these young couples buying their first property on HGTV CrispyQ Dec 2012 #3
Not only updated, top of the line appliances, etc. we can do it Dec 2012 #27
No granite countertops???? SoCalDem Dec 2012 #33
Now...GET OFF MY LAWN! tjwash Dec 2012 #4
Your parents sound like my parents :) kentauros Dec 2012 #5
Primarily, I think owning a home IDoMath Dec 2012 #6
More and more Americans today are in the lower straits of society financially, but many think RKP5637 Dec 2012 #7
In my family, we consider middle class rich... nt Comrade_McKenzie Dec 2012 #8
Bought my first house in 1977 Sherman A1 Dec 2012 #9
We bought our first one then too..and we lost sleep worrying SoCalDem Dec 2012 #11
Same here Sherman A1 Dec 2012 #12
Growing up we were the middle class wanabee's. appleannie1 Dec 2012 #13
Our cable spool dining table... trof Dec 2012 #14
Oh my.. you were fancy!! SoCalDem Dec 2012 #18
Cable spool tables are awesome! Odin2005 Dec 2012 #20
I still have one slackmaster Dec 2012 #21
We thought of ourselves as middle class growing up Proud Public Servant Dec 2012 #15
How funny you should bring this topic up. I was thinking this morning and telling my southernyankeebelle Dec 2012 #16
My next door neighbor was a blue-collar worker... KansDem Dec 2012 #17
I'm that age right now and to me "middle class" means... Odin2005 Dec 2012 #19
I always thought "A Raisin in the Sun" was a good example of moving the middle Heather MC Dec 2012 #22
my family was sorta upper middle class hfojvt Dec 2012 #23
I'm 51. When I was 15 dotymed Dec 2012 #24
What Makes You Middle Class Is Your Net Asset Value (NAV) Yavin4 Dec 2012 #25
People who were secure LWolf Dec 2012 #26
My parents grew up in a time when one could abelenkpe Dec 2012 #28
This message was self-deleted by its author ann--- Dec 2012 #29
To me being Middle Class meant you worked hard, and were compensated. DaveJ Dec 2012 #30
I thought we were after we bought our first home tularetom Dec 2012 #31
Things are like they are now b/c the rich and corporations bought their politicians. Dustlawyer Dec 2012 #32
Middle class? Left Turn Only Dec 2012 #34
Married in 78 mgardener Dec 2012 #35
I'm struck by an amazing thought reading this thread dickthegrouch Dec 2012 #36
My father's family was dual income in order to live more middle class Nikia Dec 2012 #37
right now I'd consider being middle class being able to pay my insurance premiums and copays liberal_at_heart Dec 2012 #38
I would add something to that Skittles Dec 2012 #40
My story is hoo-hum, but my grandparents did not believe in mortgages LeftInTX Dec 2012 #39
A new modest car every three years. closeupready Dec 2012 #41
I was brought up by a depression era survivor and a WWII survivor Skittles Dec 2012 #42
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