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Notes -
I have young employees making less than $20 per hour who probably spend $5k per year on Doordash Wendys and shit.
I think there is a disconnect where some people just entering the workforce expect to treat their entire income as "disposable fun money" while still enjoying the amenities and lifestyle afforded by their parents 30 years of accumulating equity.
I got that talk by an uncle who was an engineer. When I knew him, he was a stately, well-off older gay man with significant assets and investments. But he told me that he got that way because he woke up hungover a few years into his career, and had a crisis about the fact that he hadn't saved up any kind of a buffer or nest egg. He'd just been spending his whole paycheck on partying.
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