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
I just had to sign for an apartment that's 47% of my take home pay. It was the cheapest in the area I could find and my work loves to say they are a "good job"
I hate the rhetoric of including groceries and vacations as if they're the same. People don't 'waste money' on food. They buy food because you need it to live
When I was making about $1400 a month I made a spreadsheet with prices of staple foods from four grocery stores in my area and went to all four on a regular basis to get the best price on each thing. Now that I make substantially more than that I "waste" about $400-$500 per month by only going to one store and buying everything I need. I still feel guilty about it sometimes.
Had a conversation with my friend the other day about this. Why should I be putting away 20% or more of my income and make myself miserable for the years when I'm healthy and fit, just for the chance of being able to be financially comfortable when I'm old?
Our bodies are full of microplastics. The earth is getting hotter than ever year after year. Right-wing authortianism is on the rise across the globe. This isn't a cry for help, but I genuinely don't plan on living that long.
If I expected to have a future I’d probably save for it, but I’ll never afford a house, be able to raise a family, and will spend my last years working until I’m 90 paying some landparasite most of my pay check.
Might as well enjoy what time I have and go out guns blazing in my 60s.
I was just talking about this. The amount I spend on groceries for a small family is insane. It has doubled in less than five years. My income has not.
my "vacations" are basically for having an extra day or two off. Maybe I'll go on a day trip to somewhere in the area. It's not like I'm going to a retreat on a private island or anything
Doing that as we speak. My job was shit, so I'm moving back to an old also-shit-but-slightly-less-shit job. I don't start back at my old job for another week or two, and had originally planned to keep working the currently one until then. But I got fed up with bullshit and stopped going a few nights ago, and am now enjoying a two-week unpaid "vacation".
Nothing new. This is the same shit since Bush was around. Keep the millennials and their children held back as much as possible so all the rich kids can steal everything.