Personal Finance

Locked: Millennials are in fine financial shape

  • Last Updated:
  • Feb 21st, 2019 1:49 pm
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callernamet wrote:
Feb 12th, 2019 1:21 pm
Every old person talks about their grand kids. or only talks about grand kids. no matter they have money or not. That's just the way life is. Before grand kids its always about their kids. no matter colour or race or nationality from.
That’s my point thought, the ultra rich shared the same topic of discussion as the poor :) it was an amusing thing to experience.
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Of course they have high hopes ... their parents told them they were the best and they achieved medals and trophies for coming in last.

I mean with such viable careers open to them, such as Influencer ... they are all bound to make millions.
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raspeed wrote:
Feb 12th, 2019 1:25 pm
Of course they have high hopes ... their parents told them they were the best and they achieved medals and trophies for coming in last.

I mean with such viable careers open to them, such as Influencer ... they are all bound to make millions.
dont know why but your post reminds me of some kids talking about future and how they can change the world. and never listen to your parents. This was high school meetings or some gatherings to tell how kids can choose the subject/school/university path for future.
I dont care about Ethics, morals, rules or laws. I will apologies only when I get caught.
I try not to apologies but sometimes do it. not because its right thing but it benefits me.
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callernamet wrote:
Feb 12th, 2019 1:21 pm
Every old person talks about their grand kids. or only talks about grand kids. no matter they have money or not. That's just the way life is. Before grand kids its always about their kids. no matter colour or race or nationality from.
I don't like to bore people with talk about my kid (she's 26). Many people who work with me would probably never even know I have one. Nobody wants to hear that shit.
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Chickinvic wrote:
Feb 12th, 2019 2:30 pm
I don't like to bore people with talk about my kid (she's 26). Many people who work with me would probably never even know I have one. Nobody wants to hear that shit.
See if the world were filled with more folks like us, there would be less problems ;)
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Weird thread. A bunch of older people sticking up their noses on the younger generation and relishing in their shortcomings. You lived your live, let others do the same. A lot of unhealthy animosity and ridiculous statements. The walk a mile in my shoe might help provide a lot of you some perspective.
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The dumb thing about generational stereotypes is that it's very often a tweak on an age group stereotype that gets applied to the people in that age group today.

Gen X wants to be CEO by lunchtime - ever heard that one before?
Boomers are activist, lazy, long-haired hippies that don't work very hard.

All said when the respective generations were in their 20s. Both got realistic and/or sold out as they grew up. I think there's some legitimate concern that the Millennials won't grow out of it :)

I think the difference with the Millennials is the amount of fluffing and pandering they get from society and the now-worldwide social media machine (which didn't exist before) about how special and desirable they are as customers and employees. It's in your face all the time. They don't seem to realize that all of this is being done in the name of marketing, commercialism, and financial benefit for the other - and that it's actually not true. All of these companies know that you need to feed the ego to get through to Millennials, and they are bringing society along for the ride.

You don't have to try hard to test it. Millennials care about the environment. WTF? Because they can't be bothered to get a driver's license? If that was true, they'd be doing a lot more for themselves with raw materials and certainly wouldn't be indulging in fast fashion or carrying around polystyrene food caskets from the food court every lunch hour.
Last edited by mbg on Feb 12th, 2019 5:35 pm, edited 1 time in total.
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MyNameWasTaken wrote:
Feb 12th, 2019 5:25 pm
Weird thread. A bunch of older people sticking up their noses on the younger generation and relishing in their shortcomings. You lived your live, let others do the same. A lot of unhealthy animosity and ridiculous statements. The walk a mile in my shoe might help provide a lot of you some perspective.
There are Millennials out there that agree with the comments in this thread. Those Millennials are not the targets here. Examples have been given above of those that don't follow the stereotype.

If Millennials want people to care about their so-called plight then they have to open their lifestyles up to audit and inspection. It's a two-way street.
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MyNameWasTaken wrote:
Feb 12th, 2019 5:25 pm
Weird thread. A bunch of older people sticking up their noses on the younger generation and relishing in their shortcomings. You lived your live, let others do the same. A lot of unhealthy animosity and ridiculous statements. The walk a mile in my shoe might help provide a lot of you some perspective.
I can, and I will. I'm raising kids and I see a huge difference in just about every aspect of their upbringing as compared to mine of which I'm partially responsible.

Even one simple example, I can't get over how many times my kid gets to rewrite tests, do extra work, or redo assignments to improve his grade. In my day, you wrote your test and if you blew it, better luck next time.
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mbg wrote:
Feb 12th, 2019 5:32 pm
I think the difference with the Millennials is the amount of fluffing and pandering they get from society and the now-worldwide social media machine (which didn't exist before) about how special and desirable they are as customers and employees. It's in your face all the time. They don't seem to realize that all of this is being done in the name of marketing, commercialism, and financial benefit for the other - and that it's actually not true. All of these companies know that you need to feed the ego to get through to Millennials, and they are bringing society along for the ride.

You don't have to try hard to test it. Millennials care about the environment. WTF? Because they can't be bothered to get a driver's license? If that was true, they'd be doing a lot more for themselves with raw materials and certainly wouldn't be indulging in fast fashion or carrying around polystyrene food caskets from the food court every lunch hour.
I agree with your overall assessment, but then again...who created the world/society that millennials grew up in? As a millennial (born in '90), I agree the environment we grew up in and the values we were taught did not mesh well with the reality of society. Luckily for me my parents weren't really about all that and tried to teach us how to think rather than necessarily teach us their own values, which to this day I'm grateful for, but let's not kid ourselves that every generation's "issues" are to an extent a commentary on the entirety of society (including the generation that raised them). There's no magical genetic trait that only appeared in the late 80s-early 90s that caused millennials to be the way they are; it happened because as a society we promoted that behavior.

Good examples (to quote you and a few others in this thread) include:
- "participation" rewarding
- social media "flexing" (which 90% guarantees the whole millennial concept of wanting to be rich yet have no plan)
- too much emphasis on showboating not enough on planning/reasoning
- too much emphasis on gossip and people rather than events and concepts
- too much awareness/sensitivity and "being woke" (apologies for the term) without understanding
- a society of apologetics rather than initiative
- a very poor understanding of actions & consequences

I don't mean to specifically target to you (even though I quoted you), but it's time we realize that we (collectively we not just one generation or another) shape the society we bring our kids up in (even if we choose not to have any) so we need to be conscious of that and push for values/media/activities that promote what we want our society to be.
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@uber_shnitz millennials are growing up in a different time. People are delusional to think that if they didn't have access to things like social media and cellphones when they were growing up, that they wouldn't be different. Nevertheless, baby boomers were definitely a ME generation taking on a ton of debt and creating bad social policies, which have everlasting effects. And they're still not done being self-centred and irresponsible.

There is more competition today in jobs (global), stagnant wages, precarious employment, high student debt, a rise in mental health (at least we are talking about it so that's better than before), and housing is out of reach for many. Also, let's not forget that millennials are also taking care of their aging parents. With all these compounded that adds quite the stress. But, we can create funny videos and talk nonsense since we don't live the reality, or be blissfully ignorant because it's easier than having a real conversation.
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MyNameWasTaken wrote:
Feb 12th, 2019 9:30 pm
@uber_shnitz millennials are growing up in a different time. People are delusional to think that if they didn't have access to things like social media and cellphones when they were growing up, that they wouldn't be different. Nevertheless, baby boomers were definitely a ME generation taking on a ton of debt and creating bad social policies, which have everlasting effects. And they're still not done being self-centred and irresponsible.
That's what I said: "There's no magical genetic trait that only appeared in the late 80s-early 90s that caused millennials to be the way they are; it happened because as a society we promoted that behavior."

Not just millenials, but every generation and their respective values/traits/behaviors are a reflection of the society that we created for them to be raised in. IMO it's a pointless debate to point fingers to this generation or that generation, last I checked we're all living in this world together whether we like it or not so it's time we try and figure out a way to make things better. Every generation of humankind has had issues plaguing their time and millenials are no different, we just have to find ways to better ourselves collectively and create better opportunities and better living conditions for ourselves and our children.
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raspeed wrote:
Feb 12th, 2019 6:18 pm
I can, and I will. I'm raising kids and I see a huge difference in just about every aspect of their upbringing as compared to mine of which I'm partially responsible.

Even one simple example, I can't get over how many times my kid gets to rewrite tests, do extra work, or redo assignments to improve his grade. In my day, you wrote your test and if you blew it, better luck next time.
And there are no spelling corrections on anything. Heaven forbid you try to teach them something lol. I NEVER saw any spelling corrections on my daughter's work (unlike when I was a kid). Also, I had to teach her times tables myself. They never taught it in school. WTF? To this day, she is far better at math than other people her age.

Also, she seemed to be winning an "award" for something every month. The first few times I attended the ceremonies, then I was like "what the hell is this?". They seem to pick every kid's name out of a hat or something. "Oh, it's been 2 months since little Ariel (not my kid's name lol) got an award for something - lets make up an award for most improved nose picking".
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MyNameWasTaken wrote:
Feb 12th, 2019 9:30 pm
Nevertheless, baby boomers were definitely a ME generation taking on a ton of debt and creating bad social policies, which have everlasting effects. And they're still not done being self-centred and irresponsible.
Irresponsible, maybe .. but ME generation? No way. I live in fear of losing my job every day. The young guys and girls that get hired here walk in with so much entitlement it boggles my mind the things they demand on day 1.
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angryaudifanatic wrote:
Feb 12th, 2019 10:20 am
Your post reminded me how I started off yesterday's new hire employee orientation day with our college grad hires. My first slide had this quote (I came up with it)

"Your success starts by your ability to look yourself in the mirror and take responsibility for your actions, success, and most importantly, failures. Your inability to blame yourself will be the #1 reason why you are not successful here".
This is beautiful. How many Shrillennials puked in their avocado toast when they heard that?

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