Are you financially better off than your parents were at your age?

[Bugeater]

Originally Posted by Rain Man

So if we're a typical group of people and we're all self-aware and responding to the poll without bias, all of the hype about younger people falling behind their parents is untrue.

Well to be fair, if compared to my wife's parents we are behind. It's also hard to compare the different eras. For instance, we currently have 7 TVs in our house, and we only had 1 color and 1 small black & white growing up. But that stuff is cheaper now and they last longer so it's not that unusual to have one in the garage or on the back porch, it was unheard of back then.

The retirement thing that some have mentioned is a good point as well, I do believe the baby boomers are going to enjoy far better retirements than any of the subsequent generations. Just because we may be doing equal or slightly better at this point in time, it doesn't mean we are better off overall.