Ramit Sethi

Those are really tough financial times for people.

But look, the best thing that older parents can do is to actually ask their children and legitimately learn

What is going on financially for young people?

Because it is not the same.

And I am tired of hearing these comments.

Oh, we bought a house when it was 17% interest.

Yeah, the houses were a fraction of what they cost today.

And if you look at what they were as a percentage of income, they were way lower.

It was achievable.

We know this because there were a lot of people who bought a very nice house on one income.

That is effectively impossible today, thanks to nimbyism.

So actually just asking your children, hey, I know it's really tough right now.

Can you just, like, what's it like?

How much are you spending on food and housing?

And how does that break down?

And oh my gosh, here's what we spent.

wow, if I had to do that today, I don't know how I would do it.

There is power in just acknowledging and validating.

And there are so many young people who would love to hear their parents just say, wow, that's got to be really tough.

Once a month.