How is your part of the world doing (both current and future prospects) compared to how it was 30/40 years ago? Please say where you are in the world.
Edit- Thank you everyone for commenting. It has been very interesting for me and hopefully for others. If you are just coming to this post please still comment I am still reading them.
UK.
Everyone’s struggling. I can only speak for shy of 30 years ago (30 years old). But people can’t stay afloat or get started.
Jobs are fucked. They’re either entry level/service/retail jobs that pay nothing. Qualified or technical jobs that are paid less than 25k (I saw jobs requesting experience in coding languages and complex IT functions for around 23k) Then anything that pays more than 28k (still not enough to live on) has “senior” or “managing” in the title, requires experienced or qualifications that could single handedly run a business.
It feels like places are forcing more work onto individual people rather than hiring more people and spreading the work around.
I’m only at 24k and doing administrative work, Web dev, marketing, data management and some more technical stuff relating to the industry. But look at what’s available and I’m not suitably equipped to get anything with a higher salary. Even when I am, the response tends to be a negative despite being quite strong at applying. Presumably the competition is that strong.
Otherwise, collectively with my partner, we have nearly 60k income. We could secure a mortgage, but we can’t scrape together a house deposit. Even then the monthly repayments would be crazy high and inflation would screw us.
Both firm adults and living with parents despite having secure and intensive jobs. Can’t get anywhere even with budgeting so tightly that enjoyment money is very limited. My savings have started being eaten into for the first time as of this past month, so I’m walking into living off negative money.
When I look around I’m actually not in that bad a situation compared to some. But then others are living the dream.
Feels like the lows and the highs are so wide here right now. Where when I was growing up, my dad was a postman then a private courier and my mum a cleaner and we were fine, not well off, but didn’t live that differently to our middle class friends.
Moving on my mum took three menial jobs when we left my dad, but still paid rent and we never went without.
Don’t really understand it all, but it seems that its all going to shit.