Personal Finance

Why are so many millennials such moaners?

  • Last Updated:
  • May 25th, 2020 6:45 am
[OP]
Member
Feb 8, 2015
460 posts
478 upvotes
Kanata

Why are so many millennials such moaners?

https://www.reddit.com/r/PersonalFinanceCanada/

I myself am a millennial but god these guys are such whiners and moaners.

If you ever visit this that reddit, you will see what I am talking about:
-Woe is me
-Real estate is too high for me to afford anything
-Job market is stagnant

Basically all around finger pointing and blaming:
-Provincial/Federal Government
-Baby boomers (this is a big one)
-Big corporations/big banks
-Immigrants
-Wealthy investors
-Criminals. As if all of Markham million+ homes is filled with criminals and tax cheats?

It seems like these millennial are financial incels.

To paraphrase the wikipedia definition: Discussions in financial incel forums are often characterized by resentment, misanthropy,[1] self-pity,[5] self-loathing,[4][7][8] a sense of entitlement to a financially good life
59 replies
Deal Addict
Aug 19, 2002
3292 posts
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Because successful millennial don't spend their time on the Internet complaining and are doing things to move their life forward.
Deal Addict
Jun 7, 2005
1423 posts
177 upvotes
Toronto
All the complaints are valid though (not sure about tax cheats, but probably also has some truth).

Full time jobs with benefits and sick days are hard to come by. Jobs with pension plans are even more rare. Takes more time and money to finish school, and only going the STEM route seems to lead to decent job prospects. Cost of housing skyrocketing in major cities. Without blaming anyone, this is the reality these days.

Millennials also have a spending problem. Do the math and it's easy to see why so many are broke and complaining.
Deal Addict
User avatar
Mar 10, 2018
3721 posts
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centre of universe
Why are so many millennials such moaners?
goob3r wrote: Because successful millennial don't spend their time on the Internet complaining and are doing things to move their life forward.
lol. good thread for lightening up mood.
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.
New Mantra for idiots Just ask RFD before searching answers anywhere.
[OP]
Member
Feb 8, 2015
460 posts
478 upvotes
Kanata
blahraptors wrote: All the complaints are valid though (not sure about tax cheats, but probably also has some truth).

Full time jobs with benefits and sick days are hard to come by. Jobs with pension plans are even more rare. Takes more time and money to finish school, and only going the STEM route seems to lead to decent job prospects. Cost of housing skyrocketing in major cities. Without blaming anyone, this is the reality these days.

Millennials also have a spending problem. Do the math and it's easy to see why so many are broke and complaining.
Sure life changes and events change.

When the automobile was invented I am sure thousands of professional horse carriage people lost their jobs. These are people that probably spent a significant chunk of their income on a horse as an investment and it probably vanished in value into thin air.

I don't see these guys moaning and whining like millennial do though.
Deal Addict
Mar 3, 2018
1849 posts
1838 upvotes
GTA
On a different note I am hearing that Gen Z that follows the millennials will not be the same entitled whiners and moaners. Gen Z are being compared with the greatest generation who lived through the depression and WWII. Basically dedicated to working hard, making sacrifices and achieving without complaining about the obstacles in the way.
[OP]
Member
Feb 8, 2015
460 posts
478 upvotes
Kanata
DaveTheDude wrote: On a different note I am hearing that Gen Z that follows the millennials will not be the same entitled whiners and moaners. Gen Z are being compared with the greatest generation who lived through the depression and WWII. Basically dedicated to working hard, making sacrifices and achieving without complaining about the obstacles in the way.
Researchers and popular media use the mid-to-late 1990s as starting birth years and the early 2010s as ending birth years.

That would make them anywhere from 10-23

So a significant number of them are already perusing the interwebs and are probably echoing the same whining as millennials
Deal Addict
Mar 3, 2018
1849 posts
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garmium wrote: Researchers and popular media use the mid-to-late 1990s as starting birth years and the early 2010s as ending birth years.

That would make them anywhere from 10-23

So a significant number of them are already perusing the interwebs and are probably echoing the same whining as millennials
Well that is your assumption. It is interesting to see how many Gen Z's are already investing and buying property on Reddit forums asking intelligent questions. Oldest Gen Z's are 25.
Sr. Member
Jan 28, 2017
729 posts
779 upvotes
Markham
DaveTheDude wrote: Well that is your assumption. It is interesting to see how many Gen Z's are already investing and buying property on Reddit forums asking intelligent questions. Oldest Gen Z's are 25.
Limited sample size (I'm a millennial too), but the few Gen Z friends (aged 22-25) have very similar spending patterns as other non-saving millennial friends. They yolo, always eat out, expensive vacations, buy random stupid shit and still have debt/live beyond their means.
[OP]
Member
Feb 8, 2015
460 posts
478 upvotes
Kanata
blahraptors wrote: All the complaints are valid though (not sure about tax cheats, but probably also has some truth).

Full time jobs with benefits and sick days are hard to come by. Jobs with pension plans are even more rare. Takes more time and money to finish school, and only going the STEM route seems to lead to decent job prospects. Cost of housing skyrocketing in major cities. Without blaming anyone, this is the reality these days.

Millennials also have a spending problem. Do the math and it's easy to see why so many are broke and complaining.
Look I could blame my inability to get a promotion and financial salary increase on:
-The government
-The economy
-Erosion of work life balance
-Catty coworkers
-Racism
-Gender discrimination
-Old boys club
-Terrible workplace culture

But at the end of the day, my inability to get promoted is 95% caused by myself.
Deal Addict
Jun 7, 2005
1423 posts
177 upvotes
Toronto
Gen Z has the luxury of seeing a clearer path towards a successful career. When millennials graduated, the tech industry we know today was still pretty new, so I bet a lot of students had useless degrees and couldn't land good jobs after the financial crisis.
Deal Guru
Dec 11, 2008
10066 posts
1513 upvotes
Everyone complains, the number of complaints from my aunt (boomer) is insane. Government, immigrants etc. I feel like she's bitter lol.

My friends who are Gen X complain that they have to pay too many taxes, they don't get breaks and complain about the poor.

My Millennial friends complain about cost of living

Students at my office who are Generally Z complain about having to work business hours and actually, working...

But most people I know don't complain, they are happy and thankful about their lives. I certainly feel fortunate as a Millennial about my life.
Last edited by speedyforme on May 20th, 2020 3:09 pm, edited 1 time in total.
Sr. Member
Jan 28, 2017
729 posts
779 upvotes
Markham
garmium wrote: https://www.reddit.com/r/PersonalFinanceCanada/

I myself am a millennial but god these guys are such whiners and moaners.

If you ever visit this that reddit, you will see what I am talking about:
-Woe is me
-Real estate is too high for me to afford anything
-Job market is stagnant

Basically all around finger pointing and blaming:
-Provincial/Federal Government
-Baby boomers (this is a big one)
-Big corporations/big banks
-Immigrants
-Wealthy investors
-Criminals. As if all of Markham million+ homes is filled with criminals and tax cheats?
Millennial here too.

Tbh there is some legit points and some of it is outright whining.

-Good paying skilled full time jobs with benefits, career development and clear upward mobility etc are hard to get. Especially after this pandemic, so many people out of work will cause downward pressure on wages and increased competition for even menial jobs.
-RE (either rent or buy) is expensive but there are sacrifices one can do to fix that situation - either slum it up in a shthole or live at home to save up for a down payment (I did the latter, no complaints.)
-Corporate greed is at an all time high and quite arguably execs only care about P&L and shareholder returns. It doesn't surprise me for those people to think like that, but long gone are the days where someone can "retire" after 25 years tenure at the same company. Everyone (not just millennials) needs to constantly evolve and adapt to the workforce and not be so sedentary at one job/position.
-Millennial and (some?) gen z are the kids of boomers. When boomers pass on, who's inheriting their assets? lol
-Immigrants/investors? Don't want to get political but I think thats a government issue and there are lots of arguments on both sides.
-Criminals and tax cheats? Idk about that one, but as someone who lives in Markham, there are a lot of successful small businesses that write off expenses legitimately and are savvy RE investors on the side. If someone has access to capital/innovative idea - try going on your own. Running a successful small business will payout much more than being a slave to the cubicle.
Sr. Member
Jan 28, 2017
729 posts
779 upvotes
Markham
blahraptors wrote: Gen Z has the luxury of seeing a clearer path towards a successful career. When millennials graduated, the tech industry we know today was still pretty new, so I bet a lot of students had useless degrees and couldn't land good jobs after the financial crisis.
Generally agree, but gen z, like another poster said, complain about working in general lol and consume way too mcuh social media and tick tok. If they can channel that energy to something productive in tech, definitely theres lots of opportunities for wealth creation for them.
Member
May 4, 2010
260 posts
246 upvotes
Ottawa
If you want to see millennials who aren't, maybe head over to r/financialindependence? Or r/pfjerk and r/fijerk for a balanced diet.

I'd like to think that most of the activity on r/pfc is still helping people get their finances in order, but the whiny navel gazing outrage clickbait gets the upvotes.
[OP]
Member
Feb 8, 2015
460 posts
478 upvotes
Kanata
bear20 wrote: Millennial here too.

Tbh there is some legit points and some of it is outright whining.

-Good paying skilled full time jobs with benefits, career development and clear upward mobility etc are hard to get. Especially after this pandemic, so many people out of work will cause downward pressure on wages and increased competition for even menial jobs.
-RE (either rent or buy) is expensive but there are sacrifices one can do to fix that situation - either slum it up in a shthole or live at home to save up for a down payment (I did the latter, no complaints.)
-Corporate greed is at an all time high and quite arguably execs only care about P&L and shareholder returns. It doesn't surprise me for those people to think like that, but long gone are the days where someone can "retire" after 25 years tenure at the same company. Everyone (not just millennials) needs to constantly evolve and adapt to the workforce and not be so sedentary at one job/position.
-Millennial and (some?) gen z are the kids of boomers. When boomers pass on, who's inheriting their assets? lol
-Immigrants/investors? Don't want to get political but I think thats a government issue and there are lots of arguments on both sides.
-Criminals and tax cheats? Idk about that one, but as someone who lives in Markham, there are a lot of successful small businesses that write off expenses legitimately and are savvy RE investors on the side. If someone has access to capital/innovative idea - try going on your own. Running a successful small business will payout much more than being a slave to the cubicle.
Good paying skilled jobs were never ever easy to get throughout life. Anyone who thinks simply showing up at college and then graduating it deserves a $60K starting and $100K after 3 years is clearly deluded in life.

Corporate greed at all time high? Corporate greed has always been at all time high from the beginning of the industrial revolution (when child labourers were exploited) to slavery in America to the 1900s when Standard Oil was a massive monopoly doing dirty contracts to 1980s when AT&T and Bell breakup

Calling corporate greed today at an all time high screams recency bias and having very myopic lens in viewing the world.


To be honest, the fact that millennial are hopping around jobs every 2-3 years contribute to this much more than the other way around.
If I was running a company, would I hire an employee today with the intention of them sticking around for 20 years? Of course not. I know they are gonna get "bored" and go somewhere else after a bit. There is no incentive for companies today to provide a pension because of the movement going on. I think millennials would rather have that benefit baked into the salary instead.
Newbie
Jul 8, 2018
48 posts
32 upvotes
GTA
Boomers, for some reason, raised their millennial children to be complainers.
Deal Addict
May 16, 2017
1556 posts
1959 upvotes
Other generations moaning, whining and complaining about millennials moaning is the latest pastime and a far greater annoyance than any real whining by millennials.

Every generation has its own set of challenges and advantages that are then used to stereotype that generation.

I'm from the tail-end of the Boomer generation, my 3 kids are right in the middle of the millennial generation. The stereotypes apply only vaguely, incompletely and quite variably across those 3 kids.

Generalizing is generally useless, generalizing based upon personal anecdotes is a wasteful use of an otherwise useful time-wasting opportunity.
Member
Aug 17, 2018
478 posts
910 upvotes
garmium wrote: https://www.reddit.com/r/PersonalFinanceCanada/

I myself am a millennial but god these guys are such whiners and moaners.

If you ever visit this that reddit, you will see what I am talking about:
-Woe is me
-Real estate is too high for me to afford anything
-Job market is stagnant

Basically all around finger pointing and blaming:
-Provincial/Federal Government
-Baby boomers (this is a big one)
-Big corporations/big banks
-Immigrants
-Wealthy investors
-Criminals. As if all of Markham million+ homes is filled with criminals and tax cheats?

It seems like these millennial are financial incels.

To paraphrase the wikipedia definition: Discussions in financial incel forums are often characterized by resentment, misanthropy,[1] self-pity,[5] self-loathing,[4][7][8] a sense of entitlement to a financially good life
So just to summarize what you are trying to accomplish here..

You started this thread stating that you are a millennial and pointing out that you are much better and less of a moaner than all the other millennial on that sub reddit, calling them "financial incels". Sounds like you are very proud of yourself and are looking for recognition and a virtual pad on your back.

Now we can argue what is worse - financially incompetent millennials or self-loving millennials that think they are the sh*t
Last edited by JanZ95915 on May 20th, 2020 8:22 pm, edited 1 time in total.
Deal Guru
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Aug 20, 2012
13264 posts
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Pacific Ocean
garmium wrote: Researchers and popular media use the mid-to-late 1990s as starting birth years and the early 2010s as ending birth years.

That would make them anywhere from 10-23

So a significant number of them are already perusing the interwebs and are probably echoing the same whining as millennials
Most accepted birth years for millennials is between 1981-1996. Any1 aged 24-39. Average age is like 32, not kids anymore yet act like 5 yr olds. GenZ'ers are worse self entitled brats. They're the type most employers hate who cant think outside the box or be self-starting. Hand holding is the term. The "Ok, boomer" crowd who know nothing of history and needs everything explained to them. Of course this isnt every1 but the majority. There's always a few good apples who fall from the tree.
If the glove don't fit you must acquit! #WINNING

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