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Millennials Aren’t Saving Because They Think Capitalism Will Be Finished By The Time They Reach 65
townhall.com ^ | 3/20/2018 | Matt Vespa

Posted on 03/20/2018 7:35:50 AM PDT by rktman

I have to apologize for my generation. I mean there’s the appalling affinity for the Democratic Party, the safe spaces, the anti-free speech antics, the triggering, and the fetishistic fixation on victimhood through the patriarchy. A lecture on intersectionality, you say. I’d rather chug bleach. So, I guess it wouldn’t shock you at all that Millennials aren’t saving because they think capitalism will be a thing of the past by the time they reach 65. Emily Zanotti of The Daily Wire has more:

(Excerpt) Read more at townhall.com ...


TOPICS: Business/Economy; Culture/Society; Philosophy
KEYWORDS: moronialls
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To: rktman

College edjumakation....


21 posted on 03/20/2018 7:48:02 AM PDT by Doogle (( USAF.68-73..8th TFW Ubon Thailand....never store a threat you should have eliminated)))
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To: plain talk

Yep, it’s called rationalization.


22 posted on 03/20/2018 7:48:21 AM PDT by ChildOfThe60s (If you can remember the 60's....You weren't really there)
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To: rktman
Millennials aren't saving because it's hard to save money when you owe $80,000 in student loans and work at Starbucks.

This article is ridiculous. Retirement is something that the WWII generation and their Boomer offspring will be able to enjoy. For the most part, it didn't exist before and won't exist for the following generations.

I'm an X-er and I don't expect to retire. I'll work until I'm physically no longer able to and then hope one of my four children will take me in.

Millennials aren't saving for retirement? No kidding. They're not buying homes or new cars either, let alone marrying and having kids.

23 posted on 03/20/2018 7:48:40 AM PDT by Drew68
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To: ballplayer

Graduate with worthless degrees and loads of debt. A gift from you chosen school.


24 posted on 03/20/2018 7:48:49 AM PDT by ActresponsiblyinVA
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To: rktman

At present we have a “mixed economy,” not pure capitalism.


25 posted on 03/20/2018 7:49:16 AM PDT by truth_seeker ( EQUAL A)
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To: bert
Millennials don’t save. It takes all to exist.

Thanks to the mostly unconstitutional federal government to whom the millennials have acquiesced and surrendered.

Hopefully, there's enough of us who will never accept the loss of our freedom without a fight and, if necessary, blood split and who with the help of the Divine Providence of Almighty God, will win.

The Left is already spilling lots of blood in their quest for totalitarian power. Time for Patriots to take up the fight for freedom.

26 posted on 03/20/2018 7:49:39 AM PDT by Jim W N
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To: rktman

I changed my mind. Let’s replace them with illegals.


27 posted on 03/20/2018 7:49:55 AM PDT by Vince Ferrer
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To: bert

My kids are that generation and my oldest is a Marine, and he loves to buy the best stuff, instead of the more cheaper .


28 posted on 03/20/2018 7:50:56 AM PDT by manc ( If they want so called marriage equality then they should support polygamy too.)
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To: ChildOfThe60s

The only thing standing in the way of a Socialist States of America is time.

Hardly one Millenial in 20 that I meet has any firm grasp of American History, the Constitution, or even basic critical thinking skills. The Lamestream Media feeds them stories through their iPhones and they lap them up.

Socialism being voted in is a fate accompli, once enough of us go to that great Tea Party in the sky.


29 posted on 03/20/2018 7:51:48 AM PDT by Buckeye McFrog
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To: Jim 0216

I prefer “free enterprise system”. It’s about way more than markets ;)


30 posted on 03/20/2018 7:51:48 AM PDT by gspurlock (http://www.backyardfence.wordpress.com)
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To: rktman

That explains why Bernie Sanders attracted so much support from the millennials. He preached Santa Claus socialism with a benevolent government taking money from the “rich” and “sharing” it with everybody. The economics ignorant millennials believed this BS and fail to understand that socialism only guarantees shared misery and loss of liberty.


31 posted on 03/20/2018 7:51:57 AM PDT by The Great RJ ("Socialists are happy until they run out of other people's money." Margaret Thatcher)
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To: plain talk

I’ve been thinking about that. One possible solution is to give $1k to every American newborn and put it in the S & P 500. Do not under any circumstances allow them to touch it until age 59. Only one adjustment at age 50 where they can switch to 50-50 stocks/bonds like all advisors suggest. They can watch it grow every day of their childhood and by age 18 they’ll be hooked. So will their parents. It will encourage opening that 2nd account and put pressure on the colleges to offer ‘usable’ degrees.


32 posted on 03/20/2018 7:52:01 AM PDT by DIRTYSECRET (urope. Why do they put up with this.)
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To: rktman
Millennials don't save for retirement ‘cause they don't think much beyond the weekend or their vacation - plus they charge everything (and it's way beyond their income) so there's nothing left after paying down credit cards!

This argument falls along the left's excuse to why "we need national healthcare" because people just "can't afford it!"

They're out each and every night at the watering holes, restaurants (and expensive ones at that), clothing stores, etc. spending like millionaires!

Now, most order on line but they're still out betting on their "brackets, etc.!!"

We've taught our kids, young people nothing about budgets, etc. telling them "the government will help out with......school loans!"

It's when we run out of "other people's money," that's when the rubber meets the dead end!

33 posted on 03/20/2018 7:52:38 AM PDT by zerosix (Native Sunflower)
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To: rktman

Millennials are the biggest pussies this country has ever created.


34 posted on 03/20/2018 7:55:20 AM PDT by eyeamok (Tolerance: The virtue of having a belief in Nothing!)
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To: rktman

The ridiculously-monikered “Greatest Generation” voted for every ounce of socialism and government regulation they visualized, retired at 60, lived to be 90, and saddled their grandkids with the bill and now we’re laughing at Millennials because they aren’t saving money.


35 posted on 03/20/2018 7:55:41 AM PDT by Drew68
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To: Jim 0216

Decades?


36 posted on 03/20/2018 7:59:50 AM PDT by avenir ("But as for you, teach what accords with sound doctrine."--Paul to Titus)
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To: rktman
Some millennials aren't saving for retirement in the hopes that by the time they reach age 65, Capitalism will be a thing of the past. "Wish in one hand, sh!t in the other, see which one gets full first".
37 posted on 03/20/2018 8:00:10 AM PDT by WayneS (An appeaser is one who feeds a crocodile, hoping it will eat him last. - Winston Churchill.)
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To: rktman
Some millennials aren't saving for retirement in the hopes that by the time they reach age 65, Capitalism will be a thing of the past.

My dear old dad has this to say about "hoping" (aka. "wishing") to get something without working for it:

"Wish in one hand, sh!t in the other, see which one gets full first".

38 posted on 03/20/2018 8:00:34 AM PDT by WayneS (An appeaser is one who feeds a crocodile, hoping it will eat him last. - Winston Churchill.)
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To: rktman

The 29 yr old millennial that works for me makes $80k and cries everyday that he doesn’t get home by 3 in time to play with his friends. This is probably his last week


39 posted on 03/20/2018 8:04:40 AM PDT by eyeamok (Tolerance: The virtue of having a belief in Nothing!)
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To: rktman

If by “millennials”, the article means people in their 20s, then this doesn’t surprise me. Even people in their early 30s don’t save. Most start in their late 30s once they own a house and have kids.


40 posted on 03/20/2018 8:06:30 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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