caryann8514
New member
I'm in my late 20s coming from a top 3 Uni. I worked pretty good jobs in Banking & Finance.
Most of my batchmates have yet to achieve "mainstream" financial and life milestones that our parents have achieved at around our age.
By "mainstream" milestones I mean, having your own, house, car/s, and family with kids.
I have a handful of batchmates who've achieved one or two of these, but the majority haven't.
The only select few that I know, who have achieved all 3, come from very wealthy business families a.k.a. they're set for life because of mom & dad's wealth & large family businesses.
Truth be told most students from the Big 3 come from middle to upper-middle class families - parents are either high-earning professionals or small/medium business owners. But very few are really rich.
Having said that, most of us have yet to achieve most/all of said major milestones in life. Whereas our parents got married, had their 1st house, and car by their mid/late 20s. My parents have, and they came from more modest backgrounds and careers.
Now I hear that in the US, the economy, the real estate market, and the cost of living is really harder for the young folks than the older ones, hence why most of them can't afford housing/raising a family either. Cost of housing and real estate have gone up much faster than incomes over the decades.
I haven't looked at the hard data, but I wouldn't be surprised if this is the case for the Philippines, and probably worse tbh.
Any thoughts on this?
Most of my batchmates have yet to achieve "mainstream" financial and life milestones that our parents have achieved at around our age.
By "mainstream" milestones I mean, having your own, house, car/s, and family with kids.
I have a handful of batchmates who've achieved one or two of these, but the majority haven't.
The only select few that I know, who have achieved all 3, come from very wealthy business families a.k.a. they're set for life because of mom & dad's wealth & large family businesses.
Truth be told most students from the Big 3 come from middle to upper-middle class families - parents are either high-earning professionals or small/medium business owners. But very few are really rich.
Having said that, most of us have yet to achieve most/all of said major milestones in life. Whereas our parents got married, had their 1st house, and car by their mid/late 20s. My parents have, and they came from more modest backgrounds and careers.
Now I hear that in the US, the economy, the real estate market, and the cost of living is really harder for the young folks than the older ones, hence why most of them can't afford housing/raising a family either. Cost of housing and real estate have gone up much faster than incomes over the decades.
I haven't looked at the hard data, but I wouldn't be surprised if this is the case for the Philippines, and probably worse tbh.
Any thoughts on this?