Abbreviation of "alta kalet:, Yiddish for an old ass crotchety person. Commonly heard kvetching about how the youth of today have it so easy when the price of real estate is going through the roof, or that no one wants to work for 3 cents an hour, or that college was so easy to pay for back in 1971 that you could work a minimum wage job 5 hours a week and you were all set. News flash folks: the good old days are gone, and us millennials and Zers can't afford it anymore.
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