A Lot of (White) Millennials Get Significant Financial Help From Their Parents

[newarkhiphop]

I have three different coworkers 2 females (married) 1 male (single) all white mid 20s to early 30s and there parents do stuff like this

-all there parents pay there cell phones
-one of the girls the parent pay her child care
-other girl her parents pay half her mortgage

The dude is like 27 and,the parents don't have unlimited data they got like 20 gigs this dude stay,going over so there bill is like $400 a month

When he wants a new phone he either breaks or tosses the one he has and calls mom up

Update on this dude :

- addicted to heroin
-lost his job
-lost his house
-totalled two cars given to him
- spent a year in jail for a police chase / assaulting a cop


Came out of jail like

- parents currently paying his rent
-parents got him a pick up
-gets a weekly allowance of $200
- note 6 with unlimited everything day he got out
- in a expensive ass rehab

 

[feelosofer]

Not surprised, a lot of Black parents even from my generation (Gen X) think that struggle builds character, it doesn't it builds struggle.

 

[ndthentherewasx]

Yep.

27


No sea mammon guey

 

[#1 pick]

Instead of bytching about your parents, fight and invest and work together so we can end systematic white supremacy

 

[Amy Traphouse]

shyt is easier said than done. I started college 20 years ago now. and since then, the tuition has gone up exponentially.

and when my parents went to college, tuition was cheap as hell. my moms didn't even have to pay a loan back cuz chicago public schools picked up the tab. that's the only employer she ever had

luckily I have paid off my student loans but my wife hasn't, and she just got a much higher paying job, but has a gang of student loan debt from being in grad school for the past few years and now finishing off the ph d program.

that being said, in this day and age, it's hard as hell to save up a few hundred grand so your kids can go to college. because the salaries people are earning aren't keeping up with the increases in cost in everything. especially education.

my family is probably upper middle class because we're bringing in like 170K annually in total gross income collectively. but I don't feel wealthy at all. but I'm not complaining about anything.

I told my sis in law to make my nephew write apply for at least 2 scholarships a month once he starts high school. She was talking about making him take out loans and no co-signing either because those loans are an investment.

I had to explain how starting your "adult life" with federal loans that never go away is basically setting him up for failure. She said he needs to do something because she doesn't plan on paying for his education herself and he's not eligible for a sports scholarship.

My husband, nephew's dad and wife, plus me basically helped him with it and he finished his freshman year with $15k in various scholarships. Its so many agencies and businesses with the funds that we estimate he sent out about 50 -75 applications over the year. Those little scholorships add up and hopefully that plus financial aide he should only have to pay a thousand or so a semster.

 

[dora_da_destroyer]

my parents helped me along the way....they always had the philosophy of being willing to help their kids if we were making progress toward something. i plan on doing the same - definitely a good way to keep each generation progressing.

- my mom paid my cell phone bill until i was 24
- she paid for college and my UG student loans
- my dad paid off one of my grad school loans
- dad paid my car insurance until i was 24
- dad gifted me money to help buy my building and renovate it
- mom used to send me a couple hunnid a month while i was in grad school

and these were regular ass people who simply built together...my parents aren't doctors, corporate execs, lawyers, etc. they just some folks who were young when they got married and kept hustling until they were comfortable

 

[GetInTheTruck]

Generational wealth...
Bruh...you are preaching man...Let me tell you a story.

My aunt....had a string of beauty salons in the bronx for decades.
She cleared well over a million a year with her shops and investments and her real estate holdings.
She was rolling and I was so proud to be her nephew. We were all proud of her.
She had one kid....my cousin.
Most spoiled brat I ever met. Never knew anything about what real life was...never really worked to get money, had everything handed to her her whole life man.


When my aunt died and left her everything, she sold it all....every gatdamned bit...for NOTHING!


Sold a million dollar business for a pittance.
Sold my aunts homes for way way less than they were worth to get quick money.
Sold my aunts car collection for drug money.


She had a house halfway built to impress others and didn't have money to complete it.
So they walled in what was completed and left the skeleton of the rest of the house exposed.
Can you imagine that shyt?


She ran through that money in less than a year.
Now she's in a nursing home from being messed up from the drugs, that half-house got repossessed, nothing my aunt created or owned is left to be a marker in history.
All because of one worthless bum-ass entitled piece of shyt millennial-type person.

When the shops were closed, all of the hairstylists lost jobs that paid over 60k a year...I know because I saw my aunts books coming up. I know how much the workers made and how much she made.
All those people had to start over after having a reputation...a livelyhood...a career for over 20 years!!!

If my aunt had left me just one of her salons I would have never had to work another day in my life.
I could have taken that one shop and rebuilt her legacy and continued what she started.

It ain't right....it just ain't right...

it's shyt like this that makes the Black race disposable. We don't invest in our families and our legacy to leave anything behind for future generations to go by. They could wipe us off the planet at any point and there would be nothing left to signify that we were ever here!!!


We were fukking up.
We have been fukking up.
We are fukking up.

Damn bruh.... that's some sad shyt to hear

 

[⠝⠕⠏⠑]

Omg! This generation is one of the whinest, most useless, ungrateful, bytchass group of cowards I've ever encountered and I suspect it's like this by design.

Of course whites get more help from their parents. Generational wealth is real. And while their grandfathers were stealing land and profits from our ancestors under systems of sharecropping, getting their kids into college with legacy admissions, discriminating against us in the workforce, mass incarcerating us for ridiculous sentences for shyt as simple as passing weed to somebody else, and blocking blk businesses, our ancestors were dealing with that bullshyt in a racial climate that was hostile at best, horrific at worst.

My parents grew up in the south and when they were little, their parents owned their land and every thing that went into their mouths came from their own hands. My parents moved to the city and had us. I watched my mom and dad struggle to go to community college while raising us. I watched them wake up at 5:00am to work and take care of us. They sacrificed 35 years of their lives to give my sister and myself everything. We still weren't rich. We struggled. We made mistakes.

But I would jump on a bomb for my mom and dad. They gave me a childhood of safety and love, cartoons, family, warmth and support.
When I went to college after high school, I had a free ride because they pushed me in school. If I have any debt or problems it has absolutely NOTHING to do with my parents and everything to do with me.

Which brings me to the point of this long ass post. Some of ya'll on websites need help. You suck at even speaking to the opposite sex, so you blame society or women. You're not successful, so u blame your parents. You don't have fukking friends, so u blame the blk community.
The problem is YOU!!!! YOU!!! YOU!!!!

Nobody owes u anything. p*ssy, money, love, friendship or power, so stop looking for fukking handouts. Your parents survived and wipe ur sorry asses and cared for u from the day u popped out. The majority of the people in the world aren't rich. How dare u blame that shyt on the ones who were there for u when nobody else was?

Ya'll kill me. Hell im trying to figure out how to completely eliminate my parents' debt so they can live closer to me in their old age. Some of ya'll are mentally fukked.

 

[MalikX]

This. No matter how much "college isn't the only answer" rhetoric gets placed on here, having your schooling paid for, so you have the time to study freely, are less stressed, and have more opportunities for summer, fall and spring internships will lead to far greater success.
I know kids who had to work almost full time because their parents were absolutely useless when it came to college who would drop out of intense majors to less-employable ones simply because they wanted to stay in school but didn't have the time to do so. One I know dropped from ChemEngineering to Communications and ended up getting pregnant and barely graduating. She's a barista right now, but she could have been a hell of a lot more if her parents did shyt for her.
Struggle shouldn't be glorified.

It's disgusting man. I swear I'm not going to do that to my children.

The bolded is especially true. There were so many internships I could have taken that would have set me up better, but alot of them were unpaid. Of course, I couldn't do it because I needed money, so I worked bullshyt jobs that did nothing for me career wise. That experience would have helped immensely. Or some of the internships were in other parts of the country and I didn't have the money at the time to relocate to let's say San Francisco. It's whatever. I'm making it. I just get disgusted with white people sometime because they have advantages I didn't.

 

[EndDomination]

I think med school is only 3 years. she's doing her residency now in florida.

in a couple years she's gonna be making 200K+ easy. anethesiologist basically have a license to print money once they're done with residency.

Its supposed to be 4, and anesthesiologists make 200k on the low end, working as rural doctors in a small town in Alabama, there may be a but of overrepresentation in metro areas, but 500k isn't unheard of.
Salute to your sister

 

[⠝⠕⠏⠑]

I see this same mentality in kids at school. This idea that people owe u something. Like you shouldn't have to work for anything.

Poverty isn't the problem. It's the idea that some people think shyt should be given to them and quickly!

Had a kid fail a class because he mad the teacher wouldn't give him a pencil. Everyday! He wouldn't even borrow one.
How the hell do u get this spoiled and entitled when you don't have anything?!

 

[EndDomination]

Omg! This generation is one of the whinest, most useless, ungrateful, bytchass group of cowards I've ever encountered and I suspect it's like this by design.

Of course whites get more help from their parents. Generational wealth is real. And while their grandfathers were stealing land and profits from our ancestors under systems of sharecropping, getting their kids into college with legacy admissions, discriminating against us in the workforce, mass incarcerating us for ridiculous sentences for shyt as simple as passing weed to somebody else, and blocking blk businesses, our ancestors were dealing with that bullshyt in a racial climate that was hostile at best, horrific at worst.

My parents grew up in the south and when they were little, their parents owned their land and every thing that went into their mouths came from their own hands. My parents moved to the city and had us. I watched my mom and dad struggle to go to community college while raising us. I watched them wake up at 5:00am to work and take care of us. They sacrificed 35 years of their lives to give my sister and myself everything. We still weren't rich. We struggled. We made mistakes.

But I would jump on a bomb for my mom and dad. They gave me a childhood of safety and love, cartoons, family, warmth and support.
When I went to college after high school, I had a free ride because they pushed me in school. If I have any debt or problems it has absolutely NOTHING to do with my parents and everything to do with me.

Which brings me to the point of this long ass post. Some of ya'll on websites need help. You suck at even speaking to the opposite sex, so you blame society or women. You're not successful, so u blame your parents. You don't have fukking friends, so u blame the blk community.
The problem is YOU!!!! YOU!!! YOU!!!!

Nobody owes u anything. p*ssy, money, love, friendship or power, so stop looking for fukking handouts. Your parents survived and wipe ur sorry asses and cared for u from the day u popped out. The majority of the people in the world aren't rich. How dare u blame that shyt on the ones who were there for u when nobody else was?

Ya'll kill me. Hell im trying to figure out how to completely eliminate my parents' debt so they can live closer to me in their old age. Some of ya'll are mentally fukked.

Success is almost entirely dependent on who your parents, and what they do.
I feel your sentiment, but times have changed, and attitudes need to change with it. America isn't as new as it once was, class lines have long since been drawn, and while it certainly is possible to "pioneer" independently, its incredibly unlikely. Kids from the hood aren't becoming neurosurgeons, or astrophysicists or world leaders in any significant number.
Bootstraps only exist in a vacuum.

 

[EndDomination]

I see this same mentality in kids at school. This idea that people owe u something. Like you shouldn't have to work for anything.

Poverty isn't the problem. It's the idea that some people think shyt should be given to them and quickly!

Had a kid fail a class because he mad the teacher wouldn't give him a pencil. Everyday! He wouldn't even borrow one.
How the hell do u get this spoiled and entitled when you don't have anything?!

Again, on one hand I agree.
On the other hand, my high school classmate was killed his sophomore year of college, in the projects his parents lived in. If they'd done better, he'd be alive.
People are owed something: the chance to live, and the chance to succeed. Poverty crushes everyone under it, and until a social system far more complex than Karl Marx and Bakunin could have imagined is in place, the inequality will still "do unto others" what no one wants.

 

[levitate]

my parents helped me along the way....they always had the philosophy of being willing to help their kids if we were making progress toward something. i plan on doing the same - definitely a good way to keep each generation progressing.

- my mom paid my cell phone bill until i was 24
- she paid for college and my UG student loans
- my dad paid off one of my grad school loans
- dad paid my car insurance until i was 24
- dad gifted me money to help buy my building and renovate it
- mom used to send me a couple hunnid a month while i was in grad school

Damn...

♬ Must be Nice... ♬

 

[philmonroe]

my parents helped me along the way....they always had the philosophy of being willing to help their kids if we were making progress toward something. i plan on doing the same - definitely a good way to keep each generation progressing.

- my mom paid my cell phone bill until i was 24
- she paid for college and my UG student loans
- my dad paid off one of my grad school loans
- dad paid my car insurance until i was 24
- dad gifted me money to help buy my building and renovate it
- mom used to send me a couple hunnid a month while i was in grad school

and these were regular ass people who simply built together...my parents aren't doctors, corporate execs, lawyers, etc. they just some folks who were young when they got married and kept hustling until they were comfortable

Basically the same outside of both my parents and immediate family are/were doing some of the jobs you mentioned. I don't know why cats making it some white/black issue. I guess I shouldn't be surprised online though because as much as we say whites don't know about blacks its just as much the same in reverse too. I can tell when these types of threads pop up. Its always some white folks get money and don't spend it bull crap. Its soo annoying to see that too.