I’m exhausted, and I know a lot of people my age feel the same way. I paid off my student loans in about five years without owing Uncle Sam a dime. I did it aggressively so that when payments restarted, we could focus on my wife’s loans. I know I am lucky and not many people can do so.
My wife told my in‑laws that I’m officially student‑debt‑free, and their response was… less than supportive. Meanwhile, her payments are brutal we’re paying about $3,000 a month between her private and federal loans. She works overtime. I work full‑time and run a reselling business on the side just to keep up to make extra payments
And yet my in‑laws still ask why, at age 30, why we don’t have our first home. They love to remind us that “back in their day” they paid off their loans in two years and bought six rental properties I think now they have a total of 15 rental properties. That version of the American Dream simply doesn’t exist anymore, and hearing those comparisons while we’re doing everything we can is honestly exhausting.
Maybe one day we will see relief if it’s not us….I hope our children and grandchildren have it better. Just because one generation had it rough does not mean that is how it should be.
Paid off $60k of Student loans but now onto my Wife’s $125k. In-laws made a very snarky comment.
byu/Earl_the_Greatmuffin inStudentLoans
Posted by Earl_the_Greatmuffin
5 Comments
This reads like ragebait.
Tell them is hard to buy a home when people are out here owning 16 of them
I mean, my knee jerk reaction is that they didn’t do it alone. Who gets six rental properties at a young age without having some form of generational wealth? I’m sure it’s possible, but highly unlikely. Especially nowadays.
I’m 44 and just bought my first house last year. Different times, and don’t allow someone else, even family, dictate to you guys where you should be. Success and accomplishment are highly personal. If you were my kid I’d be taking you out to celebrate.
Well done my friend. Paying off that loan is no mean feat.
Anyone who owns 16 houses and won’t give their child one is a horrible human being.
I have an uncle-in-law that is the exact same way. So one time when they were visiting, that little snarky comment was made. I was prepared. I pulled out a spreadsheet detailing exactly what our cost of living was, where all our money was going and all the money was coming in. That shut his pie hole.