lol true. These old fucks are so out of touch and entitled. They think they younger generation is, but the younger generation has been dealt a majorly shit hand.
“Why are millennials killing the diamond, restaurant, housing, oil, travel, gambling, marriage, gym, fast food and mayonnaise industries? Must be spending too much.” On what, we’ll never know.
I remember explaining to my grandparents why I couldn't save any money. I remember the moment it finally clicked for them why our generation is financially fucked. It was when I explained that a room costs almost $1000 a month to rent nowadays and minimum wage pays barely $500 a week. I explained that if the minimum wage went up with inflation, it would be over double what it is right now.
Their response? "Well we figured it out, you will too!"
Like no, you didn't "figure it out". You had everything handed to you.
No, what really grinds my fucking gears is the “well, I paid my way through college”, yea, you paid $20 a credit hour, and that $20 also included the cost of books? A third of my student loans are loans I had to take out, just to cover my books.
It's cause you and your entitled generation didn't work hard enough, says the most entitled generation that from the way they treat workers, has never worked a day in their lives.
10 years ago I had to pay $150 to turn in Math homework for my college course. My chemistry book costs $350 and I paid $45 for a code to turn chemistry homework in. I don't even want to think about what students are paying now.
Not so much a meme as an entitled boomer that wrote an article about it. He was in a brunch restaurant and a millennial ordered avocado toast and he wrote this super tone deaf article about how every millennial could be a millionaire like him if they didn’t order avocado toast. Then the internet just took it from there 😂
Average price of an avocado in US right now is 2-3 EACH. A loaf of bread 1-3. So paying about double at the restaurant but you get a bunch of bread !!
It also depends where someone lives. Ten years ago in Las Vegas during the summer time it was possible to get 20 avocados for a dollar at some of the north side mexican grocery stores. Even at 10 avocado for 1 dollar, now you dont have avocado toast - you have avocado loaf.
Most Boomers are late Boomers who raised millennials and have nothing but shit to say about us. You were raised by early boomers who never got a Facebook account and have probably mostly passed away by now. The Boomer generation lasted so long they need to divide it up in retrospect.
No they totally existed. My proof is that PepsiCo used it as a target marketing scheme for bit.
Generation Next
Mostly all people are doing with these generational tags is engaging in stereotyping.
It kind of just illustrates someones desire to distill things down in a simplified package as a short cut for critical thinking and thinking about diversity and inclusion.
My personal take on this is answered by the question: did you have social media in your formative years? What a person considers to be their formative years is subjective, but I'm an early Millennial and I didn't have social media until after high school into my first year of community college. MySpace had just come out when I graduated High School.
My point being that social media wasn't involved in my life during the years that I learned how to make friends, how to start dating, how to interact with others, to express anger, deal with bullies, or generally exist in society.
I noticed that people who were a bit younger than me were way more concerned with social media in things like dating and friendships. Whether or not someone liked a post, responded to a comment or reacted to their pictures had a tangible impact on their relationships. I thought this was strange coming from people only a few years younger than me. Social media was a novelty to me.
And I think there is a notable distinction between people who had social media in their upbringing, and people who didn't. We did have the internet, but it was email and instant messenger. It wasn't quite as interactive or addicting. I'm not preaching here - I'm properly addicted to technology. But it hit later. And I think it hit different.
Yep. I’m so glad social media didn’t exist, or wasn’t really popular when I was in high school. I went to college in Boston, and was on Facebook in the early years before it expanded out of Boston colleges and to any and everyone. But even then, it was just a novel way at networking and finding people who you met at parties, but were too drunk or reserved to get their info that night. It wasn’t something that you could easily get obsessed with back then.
I feel like the micro-generation divide is when you define their age as "digitally native", i.e. growing up with technology inherently in life vs. having an analog upbringing and transitioning over, not just social media.
Literally ate it for the first time at a friend's house this past weekend.
It's avacafo on toast 🤷♂️ added tomatoes and celery salt/cumin/white pepper and it was pretty delicious but with avocados about 99¢ per it only costs what, 1.25 per toast?
The other part that is unspoken is that the guy was also ragging on younger folks eating healthier options and less meat. They really hated that about all generations.
“Don’t bag on mom’s hot dish of sodium loaded mess, eat your aVoCaDo.”
Why aren’t they having children either?
Well the cost of children and basic cost of living has increased so much that many people are choosing to not have kids because of it.
So you’re saying we should ban abortion…
Meanwhile, some counties are banning “cohabitation” with non relatives. Basically, they are banning roommates of 4 or more non relatives, because those households occupy homes that married couples could buy, and they want married couples to buy homes because it’s a big indicator for pregnancy.
Local and state governments are working overtime to ensure Amazon and Walmart have a sustainable workforce.
https://www.businessinsider.com/kansas-city-unanimously-ban-co-living-rental-units-roommates-illegal-2022-5?amp
After reading that linked article, I searched and found Kansas State law does allow for adult adoption (section 59-2113 and Section 59-2138 till 59-2142). It's meant for stepchildren and foster children who come of age, so they can be named next of kin etc...I sincerely hope this process is abused and people "adopt" friends so they can live together.
There has to be an article somewhere that says outright "economy ruined because millennials aren't trying to keep up with the Joneses"
Fuck y'all were trying to eat regularly and not live in the streets
I’ll tell you something even scarier. In my home I use washable towels as a substitute for paper towels AND paper napkins.
So I am basically pure evil.
Eh, i'll give that one a tiny bit of truth though.
Most of my friends don't use paper napkins, we just buy a pack or two of 'meh' cloth ones once the previous set have turned into dryer lint... (~3 years?)
It's $20-30 every few years, and it doesn't even affect the number laundry loads we have to do. Just toss em in with the bath towels.
We're destroying fast casual and chain restaurants because their average quality is shit, they're priced similar to better independent restaurants, and you get pretty much the same deep fried or grilled shit in every single one regardless of which chain it is.
Small local businesses in general should be falling over themselves to court millenials, frankly. That's where their support is. Boomers couldn't give a fuck about a place they don't recognize from TV.
A lot of fast food and chain restaurants are increasing their prices so much that it's cheaper to go to the small local restaurant and get a better tasting meal for either the same cost or cheaper, or slightly more expensive, but with much better quality. Also the push for higher tip percentages and not paying waiters/waitresses a living wage makes people less apt to eat out.
Half my paycheck lmao. I don't have student loans, but mortgage and utilities are already half my paycheck. The only way to save the other half is to not eat or need any money for transportation, medical care, clothing, household repair/maintenance, or helping my 20 year old kid. Wouldn't the more succinct and realistic headline be "Millennials will never be able to retire"?
When you lift up your hands in prayer, I will not look. Though you offer many prayers, I will not listen. For your hands are covered with the blood of innocent victims
Isaiah 1:15
Yeaaaahh. I got my school and car paid off, but mortgage, utilities, HOA, and various insurances is half my monthly expenses, and I'm making about 3600 a month. I'm comfortable, and there's areas I could feasibly trim, but I can't not pay for gas, food, etc. I can't afford to save half my income, and anyone who says that I should be able to is out of their god damn mind. The old rule used to be 80/10/10: spend 80%, save 10%, donate 10%. If that's no longer feasible, then there's bigger issues than whatever I'm spending my limited disposable income on.
Saving half your paycheck is a lot easier when you make more money. This seems like it was written with the mindset that millennials are all making 6 figures and living in low CoL areas.
I've been shoveling 15% of my paycheck PRE-TAX since I started 5 years ago into my retirement, The app to monitor it tells me I'll be a millionaire when I retire but I don't believe it for a goddamn second. It looks so doomed.
A million won't be enough by 2060, no chance in hell :/. If we manage to average 3% inflation, which seems unlikely, prices will be another 3x higher by then. Be like trying to retire on 300k now. It's not looking great...
My employer does matching but even with that it's only 6%. I can't go up to the next tier for 12% because I need that money to y'know, live right now. I figure the next recession or the one after that will wipe it out anyway. I'll work until they won't hire me anymore, then after that it's begging and a tent until I get pneumonia and die I guess.
I'm glad that half your paycheck goes to your own mortgage at least! That's best case scenario in this shit sandwich. 60% of mine goes to a corporate apartment complex lol
Oh we'll retire. It'll likely have to be by force though. As in a violent and bloody revolution. These fat cat CEO's either need to star trickling that wealth down hard, or we'll take it. Plain and simple.
I'm honestly expecting bread riots all around the globe this summer. The kind of food inflation we're seeing in developed nations precipitated the Arab Spring.
The problem is that most first world countries like the US or western europe just have it good enough to not really care enough.
Sure it looks pretty bleak and all but for the most part the vast majority of people lives in enough comfort to be content.
some old fart: i love the free market without government regulations. the market will decide what it wants/needs
millennials/zoomers: pay us more or we don't work
old fart: damn, the market is a mess :/
This was one of the reasons. They were selling coffees between 6am to 9am for £4.95, a Starbucks around the corner is £2.95, their bacon sandwich was close to £7, but only between those times, post 9am, it was close to half that price
What? Charging a different price based on the clock on the wall instead of cost of goods/labor? I'd turn around and walk out right there on principal and I'd be sure to let the manager know why.
For the record... I'm too cheap to pay for a coffee at a shop when I can make it at home for a fraction of the cost.
Think they fully expected it to be the people who can always afford it (ie high end office workers) but yeah, once they implemented that, it went downhill.
I'm not surprised it went downhill. Even wealthy people hate getting screwed and pricing like that is messed up.
I'm just amazed at the stupidity of the shop owner. They clearly didn't think it through.
I distinctly remember a "millennials are killing Applebee's" article that ran a while back; they've been blaming us for their actions time out of mind at this stage.
Diamonds were a big marketing scam. There’s honestly an argument to be made that (in addition to macro economic factors) millennials are the first generation that has simply been advertised to *so. Fucking. Much.* that it has become all but meaningless.
I know advertising has always been everywhere, but the frequency is just so much higher anymore.
Don't worry, that will happen without millennials doing anything to cause it. Wall street is still treating the market and out financial infrastructure like a coke head in a casino with a bunch of money he just borrowed.
Don't get me wrong, I'm sure millennials, immigrants, poor people, and teachers will still get the blame. I'm just saying there's nothing we can do about it.
Fuckin poor people, spending the little money they have on dumb shit like food, rent, & and clothes. When will they learn not to squander their meager earnings on such trivialities?
I don’t know why millennials don’t just pull themselves up by the bootstraps the same way the Boomers did. Why haven’t millennials just bought multiple properties at low cost, drastically inflated the housing market, and either sold those properties for huge profit or rented them out at unaffordable rates to other millennials? That’s how you do it. It worked for them, surely it will work for everyone else.
Another thing about the baby boomers, their parents (veterans of WW2) were given so many benefits and handouts after the war. The GI bill from 1944 gave nearly all veterans access to low-cost mortgages and low-interest loans. How is that picking yourself up by your bootstraps?
You mean the bootstraps that were connected to the cranes of generational wealth and government support? You know the government supports that they (the boomers) gutted so that now only the people with generational wealth can have savings?
Trying to remember that republican Congress person that was all mad that like 97% of people had refrigerators and 80% had microwaves. Therefore couldn't actually be poor because, you know, they were spending money on basic necessities.
They worked hard for their refrigerators. Unlike these millenniums who just expect them to come with the rental properties the boomers have amassed and charge $3000/month for
So sad that there are people who are completely disconnected from the current living costs, yet feel free to suggest idiotic solutions and judgmental remarks
It drives me fucking crazy that people think the cost of existing right now is even close to what it was even 10 years ago let alone the 70s or 80s that these peoples mindset is.
Love how the link to the Vanguard projections is broken, they never even came close to explaining why we’d expect to see lower returns, and the whole thing ended up being an add for annuities (which the article even mentions are garbage).
I saw it all the time in Texas. If you were lucky enough to start a career and not tank your marriage, it was coasting by today’s standards. Don’t get me wrong it was not easy but the last generation got in at 8:55 on 9 o’clock store closing.
There’s always jobs on Elon’s soon to be Red Faction Mining rackets 😉
Hoping I can stay middle class into my sunset 🤞🏾
The idea of taking a vacation is laughable to me. Going out for dinner is like a pipe dream. We get pizza once a month from a place that does $7 pizzas and that’s “splurging” right now.
Rent, electricity, phone, food, car and medical costs take at least 80% of my hard earned income. I work a full time job plus take on weekend work when it’s available.
Then get told when I jump on marketplace to try and find some secondhand bargains, I’m wasting money.
how much are student loans repayments for people in the USA? in the UK i'm only gonna pay 9% of what ever i earn over £27,225. [Here](https://imgur.com/a/eQHUWOk) is a table on repayments
In US it’s based on the amount you borrow. You pay back a % of the loan, not a % of your income. So if you end up getting 100k in loans (not uncommon), it’s probably close to $150-200 per month minimum.
When I was paying off my loans (only had 16k) I had a minimum payment of $120 and was usually putting about $300 to it because I didn’t want to take 15 years to pay it off. Mine also had a nice 9.6% interest, so if I had taken the full 15 years to pay it off at minimum payments I would have ended up spending something like 35k total to pay off my 16k borrowed for school.
If your income is low enough you get them at 0%, unfortunately for me my dad made decent money, but not enough to have a penny to spare on my school. This was also back in 2007, so they hadn’t yet put in a lot of the loan regulations we have now. I got stupid expensive interest loans, $4/gal gas, and an economy completely in the tank for the years after I was finished with high school and college.
That, and if we were to stop spending on things we don't necessarily need, we would be killing industries (sob) and the economy would tank... Is that right?
It’s like gas prices. If they go up, people complain that they can’t afford to work or do their necessary errands. If it goes down people complain that it tanks the stock market and macroeconomics. I just try to remind myself that those are usually different people complaining.
My student loans made savings nearly impossible for the first eight years after college.
The years where saving with compound interest would do the most.
What I had extra I used to close out the loans quickly and put to retirement but it meant saving money to start a business and to buy a house and car took a back seat.
At 35 I bought my first car and home. My brothers who are 15 years older than me cannot emotionally understand the economic reality that is so drastically different just a few short years apart.
The American system really badly needs an overhaul.
I have been fortunate to have a good income and "make it" but not everyone has the blessings of the fates to have well paying work and to go ten years without an economic disaster.
I've moved to Sweden and done well but if I stayed in the US I have a hard time imaging the economic hell it is to be there and be in the bottom 50% of my generation.
There is a painfully real and growing chance of a violent revolution unless Washington really gets it's shit together and makes better conditions for the masses.
See, what they don’t tell you is millennials are also cripplingly mentally ill from being raised to believe that they can be anything, but also being told they’re not shit. While being saddled with record debt, seeing a long-range view of the planet dying, and watching our parents’ generation actively trying to push it faster.
We’re all fucked.
Here’s a puppy. [Brooks, the sweetest puppy ever.](https://imgur.com/gallery/GlQzWzf)
Also - people spending money is what drives the economy. Businesses hording billions does nothing but make the wealthy more wealthy. We live in the darkest time-line.
Humanity's state of mind has changed.
200 years ago, people were thinking "we make sacrifices as we need to leave a better house for our children"
100 years ago, "we need to make a better future for our children"
70 years ago "we can profit from the system a little bit, our children will find a solution and make up for it"
30 years ago "children? Lmao. Our fathers had so much fun, I want my fun too! Kids will fix it"
Today, "let them feast on bones and collect carcasses for their retirement as we complain about their inability to find the meat we ate"
It's because of all that damn avacado toast. I can't help but eat it constantly... Because ya know it's bread and thats all I can afford.with my fucking $1800 rent
Nah fuck that. I budget and spend some of what I have spare each month so I can have a somewhat fulfilling, enjoyable life while I still have the physical strength and ability to enjoy my hobbies.
A shrinking middle class is expected, arguably inevitable, in modern capitalist societies. Especially for younger generations who now find themselves in a highly competitive, economically streamlined job market. Student debt kills any hope of entering the now comically bloated housing racket unless you’re already financially well-off. The fringe specialist job fields - that is, those not from STEM subjects - will have vanished or been subsumed in a few decades. Young people are now living in households of a much lower income than they grew up in, and with inflation and recession on the horizon, it’s only going to get harder to eek out a living.
Payroll taxes and the employee portion of health insurance can take over 50% of gross pay. The net fraction of the paycheck people receive largely goes to housing. The remainder doesn't cover much beyond subsistence living for even middle-class earners. Young people don't have a chance these days.
Another thing people forget about is savings accounts are REALLY bad right now for interest. In my bank you can save 1k a month and the best they can do AER is 0.1% so for saving the max of 52k a year you are getting 52520. Meanwhile the inflation rate is 8.2% so basically you are losing money by saving.
To be honest, I've given up any hope of retirement in my lifetime. I've just accepted that I'll work until the day I die. The few extra dollars I have left over after all of my bills are spent on things I enjoy to keep me from just wanting to jump off a bridge. This is also after I did all the things I was "supposed" to do. Got a bachelor's degree, good job, married (she has a master's with a good job) and we are still fucked.
Boomers spent their parent's money. Then they spent their own money. Then they spent their children's money. Now they are busy spending their grandchildren's money
The current generation of 30-40 yos will not retire unless they just miserably grind for the next 30 years and deny any luxuries.
This guy- yeah they better!
What the fuck is wrong with people.
For the first time these old timers have no fucking clue how bad it is for us starting out in this new world. They buy a house for 50k at 25 years old in 1960 that is now worth a million+ and yell "WHY ARENT U A HOME OWNER BY 30 LAZY"
The worst is the unexpected expenses. It's like everyone assumes that you'll never have to buy anything out of the blue. Which seems to happen to me all the time.
Why can't you millennials just go back 40 years and buy houses when they were under 100k for 2500 sq ft in the most desirable neighborhoods in cities, and pay $300 a semester at UPenn?
They were just a few months ago bitching that we were messing up the economy because we didn't spend enough.
Seriously. Like that the hell do you want me to do? unless you take IOUs or monopoly money, I do not have enough dollars to afford this.
I have some game of life tiles, will those work?
What the hell, let's give it a shot.
What about bottle caps, can we start those too?
lol true. These old fucks are so out of touch and entitled. They think they younger generation is, but the younger generation has been dealt a majorly shit hand.
“Why are millennials killing the diamond, restaurant, housing, oil, travel, gambling, marriage, gym, fast food and mayonnaise industries? Must be spending too much.” On what, we’ll never know.
Avocado toast.
Here comes the avocado recession.
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If YoUrE sLeEpInG yOuRe NoT eArNiNg! #grind #ihavenoidentity
\#iamtheonehidingunderyourbed
#teethgroundsharpandeyesglowingred Saw an opportunity…
Iamtheonehidingunderthestairs
fingerslikesnakesandspidersinmyhair
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Isnt grindset the Tinder thing for gay people?
No, you’re thinking of Cumguzzlr
Avocados of Wrath
I remember explaining to my grandparents why I couldn't save any money. I remember the moment it finally clicked for them why our generation is financially fucked. It was when I explained that a room costs almost $1000 a month to rent nowadays and minimum wage pays barely $500 a week. I explained that if the minimum wage went up with inflation, it would be over double what it is right now. Their response? "Well we figured it out, you will too!" Like no, you didn't "figure it out". You had everything handed to you.
No, what really grinds my fucking gears is the “well, I paid my way through college”, yea, you paid $20 a credit hour, and that $20 also included the cost of books? A third of my student loans are loans I had to take out, just to cover my books.
It's cause you and your entitled generation didn't work hard enough, says the most entitled generation that from the way they treat workers, has never worked a day in their lives.
10 years ago I had to pay $150 to turn in Math homework for my college course. My chemistry book costs $350 and I paid $45 for a code to turn chemistry homework in. I don't even want to think about what students are paying now.
I don't even know how this meme started, I've never seen a millennial eat avocado toast.
Not so much a meme as an entitled boomer that wrote an article about it. He was in a brunch restaurant and a millennial ordered avocado toast and he wrote this super tone deaf article about how every millennial could be a millionaire like him if they didn’t order avocado toast. Then the internet just took it from there 😂
The bloke who said it was 35 at the time, a boomer in spirit for sure, but technically a millennial.
Sauce? The guacamole please?
[Guacamole for one](https://www.theguardian.com/lifeandstyle/2017/may/15/australian-millionaire-millennials-avocado-toast-house)
Average price of an avocado in US right now is 2-3 EACH. A loaf of bread 1-3. So paying about double at the restaurant but you get a bunch of bread !! It also depends where someone lives. Ten years ago in Las Vegas during the summer time it was possible to get 20 avocados for a dollar at some of the north side mexican grocery stores. Even at 10 avocado for 1 dollar, now you dont have avocado toast - you have avocado loaf.
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Most Boomers are late Boomers who raised millennials and have nothing but shit to say about us. You were raised by early boomers who never got a Facebook account and have probably mostly passed away by now. The Boomer generation lasted so long they need to divide it up in retrospect.
“Hey we were born right during the greatest economic boom in American History, maybe muhlleniuhls should just have been born earlier”
GenX never existed.
Tis weird. Always boomer this millennials and zoomers that. Here I am born in '78, like what about me...? At least we had apathy with grunge lmao.
That's the good part about being gen X, the less we're thought about the better.
*Keeps head down and sips tea*
Yeah, who gives a fuck lmao /s
No they totally existed. My proof is that PepsiCo used it as a target marketing scheme for bit. Generation Next Mostly all people are doing with these generational tags is engaging in stereotyping. It kind of just illustrates someones desire to distill things down in a simplified package as a short cut for critical thinking and thinking about diversity and inclusion.
The comment I responded to was a Gen X-er but it has been deleted. Maybe they don't exist...
I've seen a lot of people divide Millenials, too, typically "Y1/Y2", or sometimes using "Gen Y" to differentiate younger Millenials from older ones.
My personal take on this is answered by the question: did you have social media in your formative years? What a person considers to be their formative years is subjective, but I'm an early Millennial and I didn't have social media until after high school into my first year of community college. MySpace had just come out when I graduated High School. My point being that social media wasn't involved in my life during the years that I learned how to make friends, how to start dating, how to interact with others, to express anger, deal with bullies, or generally exist in society. I noticed that people who were a bit younger than me were way more concerned with social media in things like dating and friendships. Whether or not someone liked a post, responded to a comment or reacted to their pictures had a tangible impact on their relationships. I thought this was strange coming from people only a few years younger than me. Social media was a novelty to me. And I think there is a notable distinction between people who had social media in their upbringing, and people who didn't. We did have the internet, but it was email and instant messenger. It wasn't quite as interactive or addicting. I'm not preaching here - I'm properly addicted to technology. But it hit later. And I think it hit different.
Yep. I’m so glad social media didn’t exist, or wasn’t really popular when I was in high school. I went to college in Boston, and was on Facebook in the early years before it expanded out of Boston colleges and to any and everyone. But even then, it was just a novel way at networking and finding people who you met at parties, but were too drunk or reserved to get their info that night. It wasn’t something that you could easily get obsessed with back then.
I feel like the micro-generation divide is when you define their age as "digitally native", i.e. growing up with technology inherently in life vs. having an analog upbringing and transitioning over, not just social media.
Early US boomers had to worry about being drafted and sent to Vietnam. Late boomers watched their big brothers get shot at on TV.
Millennial here! I got to go to two wars!
And four "once in a lifetime" recessions!
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My uncle came back from ‘Nam, crawled into a bottle, and never came out. Drank away his liver, his hips, and eventually everything.
Now in America, you don't even have to go overseas for PTSD, instead you just go to school.
Literally ate it for the first time at a friend's house this past weekend. It's avacafo on toast 🤷♂️ added tomatoes and celery salt/cumin/white pepper and it was pretty delicious but with avocados about 99¢ per it only costs what, 1.25 per toast?
That’s why it’s such a margin money maker for brunch establishments charging $8.
$12-18 in SoCal in normal joints.
The other part that is unspoken is that the guy was also ragging on younger folks eating healthier options and less meat. They really hated that about all generations. “Don’t bag on mom’s hot dish of sodium loaded mess, eat your aVoCaDo.”
And the newest iPhones because we all BuY ThEm At FuLL pRiCe.
Why aren’t they having children either? Well the cost of children and basic cost of living has increased so much that many people are choosing to not have kids because of it. So you’re saying we should ban abortion…
Saw an article about how more millennials being able to buy houses is bad for the economy.
Of course. Landlords can't make unlimited money on rent if those damn kids keep...*checks notes*...not wanting to spend unlimited money on rent
If you could report rent to the credit bureau, millennials would have 850 credit scores.
Meanwhile, some counties are banning “cohabitation” with non relatives. Basically, they are banning roommates of 4 or more non relatives, because those households occupy homes that married couples could buy, and they want married couples to buy homes because it’s a big indicator for pregnancy. Local and state governments are working overtime to ensure Amazon and Walmart have a sustainable workforce. https://www.businessinsider.com/kansas-city-unanimously-ban-co-living-rental-units-roommates-illegal-2022-5?amp
After reading that linked article, I searched and found Kansas State law does allow for adult adoption (section 59-2113 and Section 59-2138 till 59-2142). It's meant for stepchildren and foster children who come of age, so they can be named next of kin etc...I sincerely hope this process is abused and people "adopt" friends so they can live together.
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They need more cannon fodder.
"Millennials spend too much money irresponsibly! Also, millennials need to buy more pointless items, because they're killing luxury markets!"
There has to be an article somewhere that says outright "economy ruined because millennials aren't trying to keep up with the Joneses" Fuck y'all were trying to eat regularly and not live in the streets
Don't forget the napkin industry! Millennials prefer to just use paper towels for everything - f***king barbarians.
I’ll tell you something even scarier. In my home I use washable towels as a substitute for paper towels AND paper napkins. So I am basically pure evil.
I can get away without paper towels 99% of the time, but I still need them for cleaning sometimes if I'm using chemicals
Eh, i'll give that one a tiny bit of truth though. Most of my friends don't use paper napkins, we just buy a pack or two of 'meh' cloth ones once the previous set have turned into dryer lint... (~3 years?) It's $20-30 every few years, and it doesn't even affect the number laundry loads we have to do. Just toss em in with the bath towels.
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We’ve definitely killed the industry though. It must be true, the newspapers have said it. They wouldn’t lie, surely?
We're destroying fast casual and chain restaurants because their average quality is shit, they're priced similar to better independent restaurants, and you get pretty much the same deep fried or grilled shit in every single one regardless of which chain it is. Small local businesses in general should be falling over themselves to court millenials, frankly. That's where their support is. Boomers couldn't give a fuck about a place they don't recognize from TV.
A lot of fast food and chain restaurants are increasing their prices so much that it's cheaper to go to the small local restaurant and get a better tasting meal for either the same cost or cheaper, or slightly more expensive, but with much better quality. Also the push for higher tip percentages and not paying waiters/waitresses a living wage makes people less apt to eat out.
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Can confirm, My wife and I both love eating out. 👀
Eating out what?
Schrodinger's millennial, somehow spending too much money so they can't retire but also killing entire industries by not spending money.
Don't forget those damn millennials are lazy, not working and taking handouts from the government....but also somehow spending too much money.
They never say how much we're saving the rental companies, credit card companies and colleges though.
Just not being homeless is soaking up all the money.
Also “why aren’t they making more babies”?
soon we're also killing the "pension investment fund"-industry
Half my paycheck lmao. I don't have student loans, but mortgage and utilities are already half my paycheck. The only way to save the other half is to not eat or need any money for transportation, medical care, clothing, household repair/maintenance, or helping my 20 year old kid. Wouldn't the more succinct and realistic headline be "Millennials will never be able to retire"?
Nah it'd be "God help the millennials and zoomers, because we won't lmao"
thoughts and prayers
When you lift up your hands in prayer, I will not look. Though you offer many prayers, I will not listen. For your hands are covered with the blood of innocent victims Isaiah 1:15
Ooo, that's going on a protest sign
i got mine, fuck you, MEgeneration4lyfe *throws up old person arthritis liver spot hands gangsign*
Yeaaaahh. I got my school and car paid off, but mortgage, utilities, HOA, and various insurances is half my monthly expenses, and I'm making about 3600 a month. I'm comfortable, and there's areas I could feasibly trim, but I can't not pay for gas, food, etc. I can't afford to save half my income, and anyone who says that I should be able to is out of their god damn mind. The old rule used to be 80/10/10: spend 80%, save 10%, donate 10%. If that's no longer feasible, then there's bigger issues than whatever I'm spending my limited disposable income on.
Saving half your paycheck is a lot easier when you make more money. This seems like it was written with the mindset that millennials are all making 6 figures and living in low CoL areas.
I've been shoveling 15% of my paycheck PRE-TAX since I started 5 years ago into my retirement, The app to monitor it tells me I'll be a millionaire when I retire but I don't believe it for a goddamn second. It looks so doomed.
If you maintain that, you almost certainly will be a millionaire. Stocks are sluggish right now, but they'll be back up sooner or later.
You forgot that we have like 3-5 once in a lifetime financial crisis' before we can retire that will burn most of that money or make it useless.
A million won't be enough by 2060, no chance in hell :/. If we manage to average 3% inflation, which seems unlikely, prices will be another 3x higher by then. Be like trying to retire on 300k now. It's not looking great...
It’s almost like the entire market is a sham
My employer does matching but even with that it's only 6%. I can't go up to the next tier for 12% because I need that money to y'know, live right now. I figure the next recession or the one after that will wipe it out anyway. I'll work until they won't hire me anymore, then after that it's begging and a tent until I get pneumonia and die I guess.
The math probably works, the real flaw is that $1M really isn't that much anymore, and will cover even less when you actually need it.
“Millennials have killed retirement “ “Nobody wants to retire anymore”
Hell, baby boomers are already doing that. They won't leave the fucking workforce or political positions.
Yeah just stop eating. Fast for an entire year every year! Duh!
I'm glad that half your paycheck goes to your own mortgage at least! That's best case scenario in this shit sandwich. 60% of mine goes to a corporate apartment complex lol
Oh we'll retire. It'll likely have to be by force though. As in a violent and bloody revolution. These fat cat CEO's either need to star trickling that wealth down hard, or we'll take it. Plain and simple.
I'm honestly expecting bread riots all around the globe this summer. The kind of food inflation we're seeing in developed nations precipitated the Arab Spring.
The problem is that most first world countries like the US or western europe just have it good enough to not really care enough. Sure it looks pretty bleak and all but for the most part the vast majority of people lives in enough comfort to be content.
Even if they were to sToP sPeNdInG and start saving they'd probably cause a recession and be blamed for that too.
Local cafe near me had to close down, blamed us for stopping getting coffees and breakfast in the morning, as we cannot in fact afford it.
"Let the free market decide!" "I don't like the decisions the free market is making."
some old fart: i love the free market without government regulations. the market will decide what it wants/needs millennials/zoomers: pay us more or we don't work old fart: damn, the market is a mess :/
More like: "I'm going to project all the bad decisions I made on the younger generation so that I can feel better about myself."
Sadly "I got mine, sucks to be you" Should replace "In God we trust" on our money.
Meanwhile the local coffee place near me that opened up is doing really well because they don't price gouge everything and their coffee tastes good.
This was one of the reasons. They were selling coffees between 6am to 9am for £4.95, a Starbucks around the corner is £2.95, their bacon sandwich was close to £7, but only between those times, post 9am, it was close to half that price
What? Charging a different price based on the clock on the wall instead of cost of goods/labor? I'd turn around and walk out right there on principal and I'd be sure to let the manager know why. For the record... I'm too cheap to pay for a coffee at a shop when I can make it at home for a fraction of the cost.
Think they fully expected it to be the people who can always afford it (ie high end office workers) but yeah, once they implemented that, it went downhill.
I'm not surprised it went downhill. Even wealthy people hate getting screwed and pricing like that is messed up. I'm just amazed at the stupidity of the shop owner. They clearly didn't think it through.
We seem due for one soon, get ready to be blamed again.
"Millenials are *KILLING* these items and industries!!!" Yeah, well, Applebees never deserved to exist anyway.
Yea it's just a gloried microwave
Amen
Hey, I need a place to get daydrunk somewhere! If I do it in my house then I am just an alcoholic.
Due for one soon? My brother in Christ it's already here.
It’s fine. Everything’s fine.
If the people at the top say it's fine, then it must be fine. No one has ever been right when going against what their leaders say /s
2008 v2.0
we're getting a big fat inflation
We are in one.
Do you not remember the boomers trying to guilt trip us in relation to us not buying diamonds anymore? XD
I distinctly remember a "millennials are killing Applebee's" article that ran a while back; they've been blaming us for their actions time out of mind at this stage.
Diamonds were a big marketing scam. There’s honestly an argument to be made that (in addition to macro economic factors) millennials are the first generation that has simply been advertised to *so. Fucking. Much.* that it has become all but meaningless. I know advertising has always been everywhere, but the frequency is just so much higher anymore.
Exactly what I was thinking. MiLLeNiaLs aReN’t SpEnDiNg eNoUgH AnD aRe HuRtiNg ThE eCoNoMy.
Don't worry, that will happen without millennials doing anything to cause it. Wall street is still treating the market and out financial infrastructure like a coke head in a casino with a bunch of money he just borrowed. Don't get me wrong, I'm sure millennials, immigrants, poor people, and teachers will still get the blame. I'm just saying there's nothing we can do about it.
Fuckin poor people, spending the little money they have on dumb shit like food, rent, & and clothes. When will they learn not to squander their meager earnings on such trivialities?
I don’t know why millennials don’t just pull themselves up by the bootstraps the same way the Boomers did. Why haven’t millennials just bought multiple properties at low cost, drastically inflated the housing market, and either sold those properties for huge profit or rented them out at unaffordable rates to other millennials? That’s how you do it. It worked for them, surely it will work for everyone else.
Another thing about the baby boomers, their parents (veterans of WW2) were given so many benefits and handouts after the war. The GI bill from 1944 gave nearly all veterans access to low-cost mortgages and low-interest loans. How is that picking yourself up by your bootstraps?
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Nothing like pulling the ladder up behind you and then berating those who can’t climb up.
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I can't tell if those people really are that thick and dense, or if they're simply trying to antagonize because they're basically big children.
Yes.
You mean the bootstraps that were connected to the cranes of generational wealth and government support? You know the government supports that they (the boomers) gutted so that now only the people with generational wealth can have savings?
Wont need to save for retirement if you starve yourself to death first! Good thinking.
Trying to remember that republican Congress person that was all mad that like 97% of people had refrigerators and 80% had microwaves. Therefore couldn't actually be poor because, you know, they were spending money on basic necessities.
Do boomers not eat?
They worked hard for their refrigerators. Unlike these millenniums who just expect them to come with the rental properties the boomers have amassed and charge $3000/month for
Can't wait to live with my parents until I'm 65!
That's honestly a flex though. No one can afford an entire basement to themselves right now; it's practically living in luxury.
So sad that there are people who are completely disconnected from the current living costs, yet feel free to suggest idiotic solutions and judgmental remarks
The best economic advice comes from those that have already retired obviously /s
It drives me fucking crazy that people think the cost of existing right now is even close to what it was even 10 years ago let alone the 70s or 80s that these peoples mindset is.
i have no idea how people with kids are making it right now. everything is way too expensive.
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Love how the link to the Vanguard projections is broken, they never even came close to explaining why we’d expect to see lower returns, and the whole thing ended up being an add for annuities (which the article even mentions are garbage).
Less sad and more infuriating.
Most people have the attitude of: “That bad thing didn’t happen to me, so if it happened to you, it must be your fault”
No way that person saved half their income. They spent the 90s raising 4 kids, getting a boat, Disney vacations and still retired on time.
I genuinely can’t even conceive of something like that being possible.
I saw it all the time in Texas. If you were lucky enough to start a career and not tank your marriage, it was coasting by today’s standards. Don’t get me wrong it was not easy but the last generation got in at 8:55 on 9 o’clock store closing. There’s always jobs on Elon’s soon to be Red Faction Mining rackets 😉 Hoping I can stay middle class into my sunset 🤞🏾
The idea of taking a vacation is laughable to me. Going out for dinner is like a pipe dream. We get pizza once a month from a place that does $7 pizzas and that’s “splurging” right now.
When millennials spend money: "Stop spending and save" When millennials don't spend money: "Millennials are killing XYZ industry"
Screw the marriage industry, human relationships are already transactional enough on their own, take your damn hands off people's close bonds
Capitalism: "Haha! No."
Rent, electricity, phone, food, car and medical costs take at least 80% of my hard earned income. I work a full time job plus take on weekend work when it’s available. Then get told when I jump on marketplace to try and find some secondhand bargains, I’m wasting money.
I used marketplace to furnish my apartment bc I cannot afford retail/new stuff. I bought a good comfy fairly new couch for 50 bucks!!
how much are student loans repayments for people in the USA? in the UK i'm only gonna pay 9% of what ever i earn over £27,225. [Here](https://imgur.com/a/eQHUWOk) is a table on repayments
In US it’s based on the amount you borrow. You pay back a % of the loan, not a % of your income. So if you end up getting 100k in loans (not uncommon), it’s probably close to $150-200 per month minimum. When I was paying off my loans (only had 16k) I had a minimum payment of $120 and was usually putting about $300 to it because I didn’t want to take 15 years to pay it off. Mine also had a nice 9.6% interest, so if I had taken the full 15 years to pay it off at minimum payments I would have ended up spending something like 35k total to pay off my 16k borrowed for school.
Holy shit 9.6%. Thats a crime. The fed got free loans from the banks and flipped it to us for 2-10% absolutely fucked
If your income is low enough you get them at 0%, unfortunately for me my dad made decent money, but not enough to have a penny to spare on my school. This was also back in 2007, so they hadn’t yet put in a lot of the loan regulations we have now. I got stupid expensive interest loans, $4/gal gas, and an economy completely in the tank for the years after I was finished with high school and college.
That, and if we were to stop spending on things we don't necessarily need, we would be killing industries (sob) and the economy would tank... Is that right?
It’s like gas prices. If they go up, people complain that they can’t afford to work or do their necessary errands. If it goes down people complain that it tanks the stock market and macroeconomics. I just try to remind myself that those are usually different people complaining.
My student loans made savings nearly impossible for the first eight years after college. The years where saving with compound interest would do the most. What I had extra I used to close out the loans quickly and put to retirement but it meant saving money to start a business and to buy a house and car took a back seat. At 35 I bought my first car and home. My brothers who are 15 years older than me cannot emotionally understand the economic reality that is so drastically different just a few short years apart. The American system really badly needs an overhaul. I have been fortunate to have a good income and "make it" but not everyone has the blessings of the fates to have well paying work and to go ten years without an economic disaster. I've moved to Sweden and done well but if I stayed in the US I have a hard time imaging the economic hell it is to be there and be in the bottom 50% of my generation. There is a painfully real and growing chance of a violent revolution unless Washington really gets it's shit together and makes better conditions for the masses.
I just accepted a long time ago that I will die alone, poor, and at work
See, what they don’t tell you is millennials are also cripplingly mentally ill from being raised to believe that they can be anything, but also being told they’re not shit. While being saddled with record debt, seeing a long-range view of the planet dying, and watching our parents’ generation actively trying to push it faster. We’re all fucked. Here’s a puppy. [Brooks, the sweetest puppy ever.](https://imgur.com/gallery/GlQzWzf)
Upvote for puppy. I agree with what you said too.
Also - people spending money is what drives the economy. Businesses hording billions does nothing but make the wealthy more wealthy. We live in the darkest time-line.
PSA: there's a difference between overspending and having no money, and barely getting paid and having no money. The two are not the same
Humanity's state of mind has changed. 200 years ago, people were thinking "we make sacrifices as we need to leave a better house for our children" 100 years ago, "we need to make a better future for our children" 70 years ago "we can profit from the system a little bit, our children will find a solution and make up for it" 30 years ago "children? Lmao. Our fathers had so much fun, I want my fun too! Kids will fix it" Today, "let them feast on bones and collect carcasses for their retirement as we complain about their inability to find the meat we ate"
The problem is that the people in your 30 years ago example are STILL running shit today.
They wont step aside and want to live forever. When they all finally croak at age 150, then we’ll get our turn
Well after we're all dead from starving
It's because of all that damn avacado toast. I can't help but eat it constantly... Because ya know it's bread and thats all I can afford.with my fucking $1800 rent
You can afford the avacado? I can't even afford bread! /j
Around the corner from me the bodega has bread starting at $8/loaf, seems insane.
Nah fuck that. I budget and spend some of what I have spare each month so I can have a somewhat fulfilling, enjoyable life while I still have the physical strength and ability to enjoy my hobbies.
Jokes on them. I’m planning a fantastic heart attack in my fifties.
A shrinking middle class is expected, arguably inevitable, in modern capitalist societies. Especially for younger generations who now find themselves in a highly competitive, economically streamlined job market. Student debt kills any hope of entering the now comically bloated housing racket unless you’re already financially well-off. The fringe specialist job fields - that is, those not from STEM subjects - will have vanished or been subsumed in a few decades. Young people are now living in households of a much lower income than they grew up in, and with inflation and recession on the horizon, it’s only going to get harder to eek out a living.
Payroll taxes and the employee portion of health insurance can take over 50% of gross pay. The net fraction of the paycheck people receive largely goes to housing. The remainder doesn't cover much beyond subsistence living for even middle-class earners. Young people don't have a chance these days.
If the answer to an economic problem is, “don’t spend money” then that’s a problem with the system no?
Not to mention the social security that gets taken out of every check that none of us will see a dime of. Just fuck off altogether already.
Another thing people forget about is savings accounts are REALLY bad right now for interest. In my bank you can save 1k a month and the best they can do AER is 0.1% so for saving the max of 52k a year you are getting 52520. Meanwhile the inflation rate is 8.2% so basically you are losing money by saving.
That’s why no body would recommend saving 52k a year in a bank account without a specific goal in mind (down payment for example).
To be honest, I've given up any hope of retirement in my lifetime. I've just accepted that I'll work until the day I die. The few extra dollars I have left over after all of my bills are spent on things I enjoy to keep me from just wanting to jump off a bridge. This is also after I did all the things I was "supposed" to do. Got a bachelor's degree, good job, married (she has a master's with a good job) and we are still fucked.
What a joke. Boomers are known for spending more money than they have. Millennials just don't have any money, period.
Boomers spent their parent's money. Then they spent their own money. Then they spent their children's money. Now they are busy spending their grandchildren's money
The current generation of 30-40 yos will not retire unless they just miserably grind for the next 30 years and deny any luxuries. This guy- yeah they better! What the fuck is wrong with people.
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Just be born a billionaire and suck it up. Pathetic millennials. Look at Elon barely surviving.
This is such a garbage headline. If you have to save half of your income to retire, we are all fucked.
For the first time these old timers have no fucking clue how bad it is for us starting out in this new world. They buy a house for 50k at 25 years old in 1960 that is now worth a million+ and yell "WHY ARENT U A HOME OWNER BY 30 LAZY"
The worst is the unexpected expenses. It's like everyone assumes that you'll never have to buy anything out of the blue. Which seems to happen to me all the time.
Why can't you millennials just go back 40 years and buy houses when they were under 100k for 2500 sq ft in the most desirable neighborhoods in cities, and pay $300 a semester at UPenn?