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sayitghoul ,

What a joke.

I’m a millennial and I don’t choose to do anything, we’re forced to only spend our money on necessities such as food, because we can’t afford anything else.

I’m no better off financially today than 14 years ago when I earned a third of what I earn now.

I’m still living month to month, because all basic necessities keep increasing faster than my wage increases.

My last holiday was in 2016.

BluesF ,

2016!? Jesus Christ I’m so sorry. Consider emigrating to Europe.

TheEntity ,

Just more PTO won't help either, unless you consider sitting at home a holiday. I live in Europe and my last proper holiday was in the 00s.

Synthuir ,

Just need to have at least one in-demand graduate degree and speak the language of the country you’re moving to (and/or can claim blood citizenship) and have savings and a job lined up. Easy-peasy when you can’t even afford a vacation!

lolcatnip ,

I’ve heard Europe loves immigrants!

RoosterBoy ,

Problem: that costs money

Paddzr ,

My income almost tripled in 8 years, i had a better life then. We weren’t doing great by any means but the prospect of owning a house was out there.

9point6 ,

What kind of ghoul writes this article

return2ozma OP ,
@return2ozma@lemmy.world avatar

A capitalist ghoul.

AnneBonny ,

Millennials and Gen Zers are pulling in bigger paychecks, but much of their spending power is fueling short-term purchases like groceries and vacations, not savings.

…

Savings is not a purchase.

BluesF ,

That doesn’t imply that it is.

S_204 ,

That comma indicates they agree with you…

otp ,

much of their spending power is fueling | short-term purchases like groceries and vacations |, not savings.

I think it was pretty clear. The “like” is just giving an example of the short-term purchases. So it’s saying “fueling short-term purchases, not savings.”

You actually interpreted the opposite of what it was saying.

MTK ,

groceries and vacations

Fuck you for acting as if the growing price of basic needs is in the same category as vacations

ExLisper ,

Vacations are a basic need. When did someone convinced you that rest is some luxury for wealthy people?

FooBarrington ,

Having a vacation away from your home isn’t required to rest, while groceries are required to not die. Yes, vacations away from home shouldn’t be a luxury only for the rich, but there’s still a fundamental difference.

ExLisper ,

The article doesn’t really put travelling in the same category as groceries. It says “Younger Americans’ spending on things like travel and dining out has been outpacing their older peers’ even as the economy slows.” They specifically put travel in ‘luxury’ category. Vacations can simply mean time off. Depending on your contract you can have limited paid days off and even vacations without travel can mean expense (unpaid leave).

hydrospanner ,

Besides super low budget weekends away within 4 hours of home, I haven’t had a vacation since 2010. If not for a friend with a way to do that cheaply, I’ve never had a proper vacation in my entire adult life.

I’m still alive.

I feel like I couldn’t say the same if I went that long without food, water, or shelter.

Not saying I like the state of affairs, but clearly it’s not the same category of “basic need”.

ExLisper ,

Sorry to hear that. Where I live (Spain) everyone I know, even workers with no education and very basic jobs, go on holidays with their families at least once a year. The perspective here is that leisure (holidays, weekends at the beach, vacations) are a basic right and I think it should be viewed like this everywhere.

Also, as I explained in another commend the article talks about travel in the same category as dining out, not groceries.

So while vacation is a basic need it’s obviously not as basic as food or rent (which the article doesn’t claim).

otp ,

There’s a difference between vacations as travelling for leisure, and vacations from work as leisure.

Usually, “vacations” makes me think of the travelling kind, not the “break from work” kind.

WarmSoda ,

Fuck articles like this.

queermunist ,
@queermunist@lemmy.ml avatar

Why won’t these millennials save money instead of spending it on frivolous things like (reads article) groceries!?

Neon , (edited )

you read a lot of blame into this Article where i don’t see any.

It simply explains why Millenials don’t save up.

From not being able to because of inflation to “revenge-spending” and “doom-spending” i think the Article does a good Job explaining the reasons why different People don’t save up. And it never puts the Blame on Millenials. It always explains why they’re not saving up.

read this:

“doom spending,” in which consumers (mostly younger ones) purportedly shop with abandon to soothe anxieties from economic, environmental and geopolitical forces they can’t control

it doesn’t put the Blame on Millenials and instead puts it on the Factors (and by Proxy the Politicians that let them get out of control).

queermunist ,
@queermunist@lemmy.ml avatar

I don’t believe revenge spending or doom spending are real things, that’s just bullshit they made up to make sure that the ruling class does not get blamed. Sure, they say the soothing bullshit “aw baby its not your fault you waste all your money” but it’s still a fucking lie.

We are on a financial cliff because this is how capitalism is supposed to work. Income and expenses are supposed to be as close to even as possible, that’s “efficiency”

catloaf ,

Well yeah society and the environment seem to be crumbling around us so what’s the point in thinking long-term?

Zedd00 ,

That’s what angers me about these articles. Millennials graduated high school to the Dot Com burst. We took out a bunch of student loans after not being able to find any work, graduated to the great recession. Spent a decade trying to pay down our student loans to 0 effect. Then got hit with the pandemic. We’ve given up on there being a future. Why the fuck should I put money in a 401k to prop up billionaires’ fortunes? My wages are never going to be enough to retire. I might as well have some fun now while my body isn’t completely broken.

tsonfeir ,
@tsonfeir@lemm.ee avatar

That’s what they do, get you used to poverty, and then you say stupid shit like, “it could be worse”

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