The millennial mom talked about how the high cost of living leaves nothing at the end of a month and people could relate to her.
In this fast-evolving world, the economic conditions are quite unpredictable. Millennials on the internet are expressing their concern over how vast the difference in cost of living is compared to their parent's generation. People are now compelled to earn more than what their parents did at that age so that they can afford a decent living. Not that the older generations had it easy, but the current generation is the one taking the hit of drastic economic situations. A Millennial mom u/littlecakebaker single parenting her daughter bore her soul on Reddit about the harsh truths of today's economy and people couldn't agree more.
The 37-year-old single mother titled her post, "Barely making ends meet, now it’s going to get even tighter." The woman said, "If you had told me twenty years ago that I’d be struggling to make ends meet at 70K, I would’ve laughed at you." She mentioned that she had been a single parent since her daughter's birth and that the kid was turning 18 soon. Apparently, the mom was worried that since her daughter was turning 18, the $500 child support that she'd been receiving all these years was going to stop. So, her already crunched expenses were about to get tighter.
Sharing her current financial situation, the millennial mom wrote, "We have a very modest house, with a mortgage to match. All of my bills have been trimmed down as much as possible and they do all get paid," and added, "But there’s nothing left after." The 37-year-old woman was one of those who were impacted financially during the Covid-19 pandemic. When she lost her job for a year during the lockdown, she used up her savings of 401K dollars. "There’s no savings or anything, we’re one emergency away from selling my house and moving back in with my parents," the woman wrote.
The mom shared that the $500 cutback in the upcoming months is going to make a big impact on her budgeted life. "I'm just so tired. Tired of struggling and worrying all the time. Tired of treading water. I’m not waving, but drowning," she wrote. Frustrated by today's economy that led to this miserable situation, the mom sought help from the community. As some users recommended the mom to have her daughter contribute to the household finances, the mom updated that her soon-to-be-18 daughter already has a job though she was still in school.
Hundreds of comments swarmed in with people relating to the mom's situation and offering her some words of support. "You're 37, a single mom and own a home? You are amazing. I couldn't imagine being in your position as a single mom. Your child is about to turn 18. If they're staying with you, ask them to pick up the electricity and internet. That gives you another $200-$300 a month to squirrel away. Don't live off your child, but be reasonable in the ask. You can do this. You've always done this. You're an incredible woman," encouraged u/hannahmel. "The struggle is real. I’ve only been able to ever hit about $42k. I’m exhausted too. So exhausted I sleep half the weekend and need to find some energy to look for a better-paying job. But you’re not alone." commented u/Best_Winter_2208. "I feel for you. I donate my plasma twice a week for close to 500/month. Helps take the edge off," wrote u/katiemarieoh.