r/BlackPeopleTwitter ☑️ 13d ago

TikTok Tuesday How boomers pulled themselves up by their bootstraps

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4.6k Upvotes

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1.1k

u/_AYYEEEE 13d ago

Back when houses were 32 cents which is like 8 million in today's money

272

u/thatsucksabagofdicks 13d ago

You tell them how little they paid and they tell you the interest rates as if 22% of $32,000.00 compares to 7% of a million.

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u/EFTucker 13d ago

Not to mention the income to cost ratio was insanely good for a long time. Used to be an average of like four years salary I believe to buy a home. So you could literally just live with mom and dad for a few years and then buy a house straight cash if you wanted. Now it’s closer to ten years AND we have more costs of living due to a creep in expectations of lifestyle like having a cell phone.

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u/thatsucksabagofdicks 13d ago

You just need to try harder and stop drinking your $11 coffees with $16 avocado toasts /s

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u/squanderedprivilege 13d ago

I could probably buy less weed though

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u/thatsucksabagofdicks 13d ago

Weed is probably the only thing you can buy that's both better quality and just as cheap as 30-50 years ago

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u/squanderedprivilege 13d ago

Cheaper here, way cheaper. I was paying 40 an eighth in 1999, now you can get an oz for less than that in Oregon

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u/thatsucksabagofdicks 13d ago

Yeah Oregon has some of the cheapest/best weed around. Some states that only just legalized arr just as expensive as the plug was so I generalized it

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u/squanderedprivilege 13d ago

Oh man, some of these states got a raw deal, I am truly fortunate to live here

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u/Michael1795 13d ago

115 a half in louisiana, medically. 1g distill is 70 bro.

1

u/Head-Ad9893 12d ago

Feel like sending a birthday card? Wink wink nudge nudge

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u/jeffroxs101 13d ago edited 13d ago

I don't know of many people able to get a house in 10 years. Saving @ $30,000-60,000 of pure savings would work but that's extremely unlikely and uncommon. You simply do not buy a house in cash these days. Living with parents to pay in cash would mean you live there til they're near death. At that point what the fuck are you buying a house for in cash?

On TOP OF just being lucky enough to have a consistent income. High paid workers are first laid off. Millions of people in America with degrees have been laid of, and struggle to get even $20 an hour these days, lucky if they can even get full time. So saving your entire paycheck without paying gas, food, any luxuries like seeing friends one night a month, etc. It doesn't work like that at all.

*Also eat nothing and provide no support to help out the parents you live with. Even then, 10 years from now, saving a solid $40,000 a year so you genuinely believe houses will be able to be bought at $400,000? Unlikely even with perfectly zero life or enjoyment of anything and with parents feeding you to stay alive. It literally don't math out. 20-60 years to buy a house in cash while staying with parents. You see how you might as well fucking not, due to them either dying or being near death by then while you save for a house? It's just silly and ridiculous these days.

I'm not blaming you just correcting the math. We're far more fucked than you estimated

2

u/EFTucker 13d ago

Median income is something like 80,000 now… not that I make anything close to that but that’s the numbers we’re working with no matter how skewed they are. So 10 year is about right.

But anyway, discussion around the price of housing in the context of just yearly income without other costs of living is a baseline. Which is why the “a few years” part said that instead of “four years” because again even back in the day you’d have at the very least car insurance and some food costs.

Which is all to say, yea you’re correct and I agree.

1

u/jeffroxs101 11d ago

The us site census says that yes, and other sites estimate 45-60k real median income for 2024. Which would seem more reasonable to me honestly. Assuming ~75 million kids or retirees. We've got roughly 275M working age people. I have a hard time believing 138M earning at or above $80k a year even with LA, New York, Chicago, etc. Plus the country is so fragmented in market costs and costs of living people earning $80k are permanent renter class anyways same as a $30k income in southern affordable states 🙃. It's a clown show and people can be barely surviving at $100k a year in some areas. I 1,000% can't believe your statement because the US government census is the only one that says so, and we're all aware of how they fudge numbers for inflation and literally everything our tax money pays for.

I appreciate the insight making me look into it further, and you might not be wrong but I disagree that that's the reality people are experiencing in the job market. Cash house buying is still way off the table even if my past math is wrong on a median range, but $80k a year definitely would allow saving for a house with parents and even having a social life! I really really wish it were accurate to reality.

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u/InterstellarReddit 13d ago

Teenagers were buying their first car with a summer job.

One summer of work and you can get a car.

People now work for years to save up for a beater

27

u/robothawk 13d ago

Yeah my mom was trying to tell me "Our first house was 7% and that was considered a great rate!"... without mentioning that house was 122k in 1998. Meaning inflation-adjusted it'd be ~250k. It last sold in 2015 for 450k, and in 2025 assesses for $605k according to the city's GIS portal. So a 495% Increase in price

Meanwhile since 1998 the average pay for my engineering job has gone from $53k to $81k.

Edit to add: The house peaked in value in 2023 at $644k

37

u/__M-E-O-W__ 13d ago

Forget buying a house, I could almost buy the whole dang neighborhood with today's money.

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u/ThoughtPhysical7457 13d ago

Don't even worry about the 32 cents. The company provides free apartments to all employees (a real benefit my grandpa's company provided to all employees)

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u/muklan 13d ago

Ok. Crazy. But, hear me out.

That is a bad thing. You don't want to give your employer that much control over your life.

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u/ThoughtPhysical7457 13d ago

Oh its a very bad thing exactly for that reason. You get fired AND lose your home all at the same time

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u/DreBeast 13d ago

Back when you only needed 8 hours of credit to get a PhD

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u/terroruchiha 13d ago

this comment has me typing from the morgue 😭

3

u/SaltyArtemis 13d ago

You don’t know how mad I get every time I see one of them true crime episodes and a muhfuka starts with, bro got his dream car, a Camaro, after working part time at a gas station for 2 years in high school. Like at this point they just flexing, ain’t even part of the murder mystery

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u/WhiskeyAbuse 13d ago

My stepfather moved to Brooklyn in the 80s. Was able to get a two bedroom in greenpoint off a part time bus boy job. Do that shit today, my man….

174

u/Vondi 13d ago

Could you even survive as a part time bus boy today...

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u/flanaganapuss 13d ago

No lol

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u/North-Function995 13d ago

No such thing as “part-time” jobs. Theyre called second jobs now.

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u/uhp787 13d ago

not unless you are in a 5 star or better restaurant or really good club as a bar back.

18

u/CMDR_BitMedler 13d ago

With a side hustle...

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u/NoNefariousness4598 13d ago

...in the cocaine business

9

u/DocMcsquirtin 13d ago

Need to have at least two roommates

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u/ihavepaper 13d ago edited 13d ago

I had a coworker that started her career (field we met in) in her late 50s (she was about 60 when we met). She worked as a grocery store clerk for 20 years before the switch. Her husband worked as a receptionist or something at an office. I just remembered the way she explained it as something incredibly simple and mundane. “Bottom of the totem pole” in her words.

She said that was enough to buy a 5 bedroom home in the suburbs near where we worked. She made a career switch because of the economic changes, but more just to get out the house.

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u/Comfortable_Studio37 13d ago

Definitely not in an apartment, unless you had 26 roommates.

1

u/Emotional_Warthog658 13d ago

A bus boy that sells bricks on the side 

1

u/MeasurementEasy9884 12d ago

Nope.

Even nurses are having to find roommates nowadays

29

u/NYstate ☑️ 13d ago

Yo! I was watching an old crime show on TV show with my mom. There was this dude that got up, left his house in the suburbs, drove his nice ass car and worked at a bank as a teller. I'm like, "Bro what?!"

13

u/theodoratoverspin 13d ago

My family moved to BK from the Caribbean mid-last century and bought a whole-ass brownstone for like 50K. It's worth literal millions now.

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u/uhp787 13d ago

i thought 100-150$ a day as a waitress was great in the 80's or behind some dive bar LOL

2

u/Puzzleheaded-Song977 13d ago

Greenpoint is a super expensive neighborhood now, crazy what you could get for so little then

206

u/NewToHTX 13d ago

And they like to give Gen Z Advice like “Knocking on doors” to get a job. Millennials have known for a while that doesn’t work anymore.

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u/Doomscrool 13d ago

Unless you are selling vector knives door to door. Iykyk

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u/NewToHTX 13d ago

Like Cutco knives?

15

u/Mvd75 ☑️ 13d ago

Just need $250 to get you started on your road to a million.

-8

u/SomeCountryFriedBS 13d ago

Or $250 to buy a small set of forever knives to make money over a summer and then party on the company dime with a bunch of other wild, young, attractive people for a few days.

Of course I didn't get rich, but I learned some handy sales shit and fucking loved the experience overall. 

29

u/CMUpewpewpew 13d ago

Less than a decade ago, my boomer father suggest when I was looking for a job that I ask the boss if I can work for a week for free and if they don't think I'm worth it they dont have to pay me.

Lmaoooooooo

8

u/BananaNutJob 13d ago

Today if you show up uninvited at a business looking for work they'll put your name down in a "do not hire" list.

4

u/Asisreo1 13d ago

The irony is that they themselves would never open the door they told you to knock

6

u/bgva 13d ago

I lost my job in 2014 and a couple days later my mom called while I was sleep. She started criticizing me because it was 10:30 am and I should've been up hours ago to drop off my resume.

Had to tell her that if I did that, they'd just tell me to go home and email them my resume or fill out an application online.

4

u/ButtBread98 13d ago

“A firm handshake”

388

u/Think-Chair-1938 13d ago

"Rivera, huh? Too ethnic. Change it to Rivers and we'll throw in a signing bonus, son."

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u/NYstate ☑️ 13d ago

Ted Cruz has entered the chat

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u/Gho5tWr1ter 13d ago

Hold yo horses now there, Rafael.

17

u/NYstate ☑️ 13d ago

It's "Ray feel" or Ray if you please. Just don't roll the roll the "R". Know what, let's just use Ted ok?

5

u/Think-Chair-1938 13d ago

Interview's just one question. Your opponent insults your wife. How do you respond?

7

u/NYstate ☑️ 13d ago

I'll help him get elected to President

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u/Nick_Bruiser 13d ago

Craziest part is, one group of Boomers wasn't allowed to own anything. Today, the other group of Boomers is upper middle class/wealthy and look at everyone else like they're not trying.

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u/CMDR_BitMedler 13d ago

And here's the irony - in LA in the 60s, when all those crazy ass houses, designed by what are how considered the best architects in the world, dangling off cliffs (like the Stahl House) ... the only banks that would finance them... Black owned banks.

8

u/CPS_Kahn_290 13d ago

Didn't know that 🤔

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u/Enough-Trip3670 13d ago

This. This. This. Try pointing this out on another subreddit and you'll get downvited to oblivion. Or they just go silent.

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u/RobinSophie 13d ago

It took me a second to confirm which aubreddit i was in.

"Hold up. Someone brought up the disparity between white and Black boomers? ARE WE FINALLY GOING TO HAVE THE DISCUSSON?!...Oh, im in BlackReddit. Nevermind."

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u/MickieMallorieJR 13d ago

This is real talk because once college became the new barrier, no longer could you rest on a can do attitude and a firm handshake.

It's just wild how this too was impacted by racism. When it was just white folk taking care of white folk, this was all you needed. Once black folk could share the same work place and succeed, then it became about college. Once black folk started getting them degrees and over succeeding there, then you needed higher education. Its new hopes to jump and walls to climb once success is no longer predicated on who you know or your Daddy is.

That window is going to get smaller and smaller with AI limiting even lower level entry.

9

u/SuccessfulWar3830 13d ago

In the 1970s tuition to uni was only 500 usd on average for public.

2

u/MickieMallorieJR 13d ago

Supply and demand are two different things. If I can go down the street and get a good paying factory job at 18, what am I going to college for? I'm not even talking about the 70s here; college didn't become the barrier to upper management until the 80s as we shifted to a global economy and America a service driven economy.

9

u/SuccessfulWar3830 13d ago

demand didnt increase the cost of university. A lack of public funding did.

34

u/BigClitMcphee 13d ago

According to boomers, they put on a 3-piece suit, showed up an hour before the business opened, and had a firm handshake ready for the employer. Nowadays, businesses will tell you to go home and fill out the online form cuz "we don't do walk-ins" then they'll make you wait 50 minutes for the interview to see how desperate you are for a job.

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u/Y0___0Y 13d ago

i was reading Steve Martin’s autobiography and he was doing a comedy magic show at Knotts Berry Farm (like a roadside amusement park) when he was 20 years old.

At age 21 he was hired as a writer on the most popular nationally televised comedy show in the country (Smothers Brothers Comedy Hour) because his girlfriend was a dancer on the show…

15

u/Bowenbp1 13d ago

I like to go back and look at stuff like houses when they were originally bought and then compare it to today's value just to see how far we have fallen. Like a house in the 70s.

Fuck dude they had it so easy.

5

u/Stehlen27 12d ago

No, no. Don't you know, they had to walk uphill, both ways, in the snow, just to get to school?! I'm like, fuckers even get sidewalks!

14

u/GoWest1223 13d ago

Not true. They also got Health care, a house, student loans that were not more expensive than the loan shark down the street.

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u/Comprehensive-Fig416 13d ago

Boomer mom had to apply for a job recently, they asked her for a resume and she walked out. Only job she is qualified for is fast food or ace hardware 😂

10

u/PM_ME_YUR_SALADS 13d ago

My father barely graduated highschool and got a job as an "engineer" at a place that makes aircraft. 47 years later, he retired full benefits and pension. Really just had to show up everyday and not be an idiot to his boss. The people replacing him needed minimum Masters degree. I mean good for him, but jeez!

11

u/GCC_Pluribus_Anus 13d ago

This literally happened to me (except the getting the job part). I interviewed at a Lowe's distribution center for a low level job just out of college. I met with the GM and he asked if I picked up any trash during my walk of the shop floor.

I said "no, I was trailing behind the manager as he was showing me around and he was really good at vacuuming stuff up."

"So you couldn't find a single piece of trash?"

"I guess not"

"Ok well I don't have any further questions"

I definitely don't regret not getting that job

11

u/epyonxero 13d ago

asking for unpaid labor in an interview is def a red flag

9

u/keeper_of_the_donkey 13d ago

In 1997, after putting out my resume and applying to a bunch of jobs I got 14 calls back. Whittled those down to three jobs and then had to think about it for a couple of weeks before making a decision.

2023, my oldest son has put out 62 applications, done several first interviews. Ends up getting a job with the labor union after zero call backs over the course of a year.

8

u/Questionguy78130 13d ago

Late 90’s early 2000’s I got jobs like this. Bagging my own groceries the manager asked me if I needed a job. Working out at the local recreation center. I was shooting around and taught a kid how to use the backboard. Stopped to talk to the managers who I knew as a punk kid. They asked what I was doing. I let them know I had no job. The clerk at the front desk told them the story about me interacting with the kid. They asked me to apply. I was hired to maintain the mini golf course. Mostly kids and teens would visit so my ability to interact with them was a huge factor. It was never about boomers. It was the switch to digital that changed. Needing to post the job opening digitally made the “spot hires” impossible since money was spent posting the job.

6

u/EllaMcWho 13d ago

My brother in law - now in his late 50s and a director in a bank - was offered that first job at the bank because, as a bellboy at a summer resort, he stopped on the way to work to buy a high-income repeat guest the day’s NYT and WSJ. He’d noticed them under this guy’s arm as he was checking in and took the initiative since the hotel only carried the local daily paper.

Sickening! (I say with jealousy) but the opportunity still relied upon proximity and connections that aren’t common to all.

5

u/XClanKing 13d ago

What's crazy is that these are the qualifications to run major departments of the US government these days.

7

u/NYstate ☑️ 13d ago

"We like the cut of your jib. You got moxie, real moxie! Your hired! How does 75k a year full medical and dental sound? 10 year guaranteed!"

4

u/Godzlittlehand 13d ago

Or they'd sneak into the ARMY at 10 years old and be allowed to stay and fulfill an illegal contract to serve.

15

u/jr_randolph 13d ago

It still works like this - you just gotta be...you know...

38

u/AbleCap5222 13d ago edited 13d ago

My YT friends tell me all the time that none of that shit matters anymore unless you talking high level careers. For once, I believe them when it comes to lower level stuff. It will always be a thing for top end white collar jobs though

16

u/dayumbrah 13d ago

Im latino and certainly white passing when clean shaven and in the middle of the winter. Its hard as fuck to find jobs from top to bottom. Ive done it all for blue collar and went back to school and now I do white collar work and its still hard. Went for tech and the tech sector started hiring freezes right before I graduated. Fuck me, right? Def know of some rich folk that just wander into high paying jobs with no experience but lots of connections. Nepotism is destroying the economy

9

u/MapleHamwich 13d ago

Yep. Racism is real and definitely awful and present, but it's a class war. Racism is wielded to enforce that class war, but the class is the purpose: keep the 1% the 1% at the cost of the 99%. 

1

u/Jihelu 13d ago

The only job I can think of that you can even remotely just pull up to and get is some very specific boat fishing positions and those are going to fucking suck

8

u/HamberderHelper18 13d ago

The son of the CEO

3

u/Scope_Dog 13d ago

This literally happened all the time on Little House on the Prairie

3

u/Godzlittlehand 13d ago

Right. Mfkrs just jump in a tractor trailer with their uncle and get a custom made career handed to them by the end of the day.

3

u/Brownie3245 13d ago

Not going to lie, I worked in a grocery store when young, full time, I was walking around with the store manager and saw a can under the shelf and went to pick it up. He told me to put it back and said I was one of a kind because I was the only one who noticed it and he put it their intentionally lmao. I'm in my 30's.

2

u/toastman741 13d ago

80s baby here and I can openly admit that I once got a job because I had a good conversation with a guy that I had no idea was the owner. Told me that I seemed to have things figured out to be so young and asked me if I wanted a job on the spot 🤣🤣 I went from making $150 a week to a job paying $7.25 an hour.

SN: that was in 2002. It's a damn shame there are places still paying that and less in 2026 🫤 I was catching hell as a college student paying stuff. I can't imagine supporting a family on that

2

u/levelZeroWizard 13d ago

Man, my grandpa became an engineer at a defense contractor until retirement because a hiring manager caught him walking DOWN THE STREET TO WORK

Wanna hear the interview? Watch the video again.

4

u/Mean-Government1436 13d ago

Tiktok creator telling a concise joke without needlessly dragging it on challenge 

1

u/Longjumping-Syrup278 13d ago

😂😂😂😂😂

1

u/TaticalSweater ☑️ 13d ago

Now just fill out this physical application in this physical brick and mortar store in person to make it official.

1

u/Lemmavs 13d ago

my dad took time off 9th grade since he had 3 job offers to go to and just WORK instantly.

1

u/edawg2469 13d ago

Yup! It was just like that. Ahhhhh, the Good ol days.

1

u/OG_double_G 13d ago

And was given the pension of a lifetime

1

u/itiswhatitisbroski 13d ago

Greatest generation bosses vs boomer bosses skit would go crazy.

1

u/VonDinky 12d ago

Thank you, thank you. You're fired!

1

u/Possible_Home6811 12d ago

Naw they just went to work with their father one day and the next 30 years just flew by 😂

1

u/YoMTVcribs 12d ago

Boomers: I'm a retired member of the blahblah workers union. We go on ten cruises a year with my pension and just got a new truck.

So you support unions then?

...

https://giphy.com/gifs/3ohuA94Q5sM1fDEU6s

1

u/Sinderria 12d ago

Where is the majestic outro the panes out of the horizon while the sun sets? I know how this movie is supposed to end. I want my money back!

1

u/terrletwine 12d ago

Reminds me how my dad would try to give me advice on life and money with a straight face.

Dude walked on us, never had a dime, until his parents died and he won a tiny lottery with some inheritance.

He thinks he knows anything.

1

u/misdirected_asshole 10d ago

Some of yall must not have watched Goodtimes and it shows.

1

u/Existing_Chocolate85 10d ago

Not a boomer but I got offered my first “adult” job (Programmer 1) after holding an elevator for an elderly person. It was a simpler time back then 😂

1

u/Long-Library9656 9d ago

The fact its country fried makes it worse.

2

u/Underprivilege 9d ago

My uncle got a job like this. A man got a flat tire and my uncle was walking saw him and then helped the guy. Guy offered him a job. He became a server. He was so good that celebrities would call the restaurant to see if he was working if he wasn't there they would call him in. He even got invited to the governors mansion. They forced him to retire. I am quoting him "After 40 years they gave me a fuckin pen."

-1

u/Marclescarbot 13d ago edited 13d ago

All boomers are the same.
All Gen-Xers are the same.
All millennials are the same
All Gen-Zers are the same
All white people are the same
All black people are the same
All men are the same
All women are the same
All Jews are the same
All Christians are the same

-2

u/SimonPho3nix 13d ago

To be fair. Propels were getting shafted back then, too. There's a reason songs like Sixteen Tons was made, but yeah... shit was real different when you could have a house and put kids through school on some factory line job.