And every one of them has an iphone with an unlimited data plan, a netflix account, eat out all the time and wouldn’t know a savings account if it bit them in the butt.
I think I heard that 45% of millennials who took out student loans had/have no intention of paying it back. This is largely a generation that doesn’t wish to save or prepare for the future. They have socialists whispering in their ears that the state will take care of everything for them when that time comes.
LOL! The Washington Post and their H-1B journalists.
Thanks to that lesson I have no need to live "paycheck to paycheck" as the Rats so often say....although I certainly ain't "rich". ;-)
They better get off the stick and start humping, 5 previous Generations have Enslaved them in Perpetual Debt to pay for their wants today!
Another reason why we need import tariffs to support American industry. We should build as much as we can here.
Both my boys are millennials.Own homes.Earn 6 figures
Most of that $8000 is tied up in tattoos, iPhag phones, piercings, etc.
Maybe they should lay off tattooing themselves so much. That’d save a lot of money.
Part of it is definitely their own fault - as I’m sure plenty here will note.
Part of it is also the ever rising cost of college due to government interference in the market (guaranteed student loans) and colleges adding ever more bureaucrats (diversity director anyone?) and just jacking up prices since they can.
Part of it is also THE worst economy in 3 generations that we truly only started recovering from in the Fall of 2017 after the Obama administration’s idiotic policies made it far longer and far worse than it otherwise would have been.
It’s okay. They don’t see a problem.
This is the current, mush-minded/liberal-education results, , who were taught that, government will take care of their problems. They expect that government will provide, therefore, no need to worry. After all, the rich will be taxed to death so that they can just sit around home and wait for everything to be provided.
"...$8000 net worth..."
They’ll be primed for socialism.
That is some average but I have 4 millennial grandchildren and they’ve barely started their adult lives so it really doesn’t give a good snapshot.
Their careers were defined by the housing bubble and the Obama economy while inheriting as birthright the world’s largest debt load, and half of them don’t have a dad to give them guidance. What was the expected result? Prosperity?
The big thing here is that my generation thinks that they can run up loans, spend all that they earn, and that someone else will have to bail them out of their mess.
Starbucks and new Iphones cost money, so does eating out everyday dontchknow...
Average means half have higher net worth and half have lower. Although the millennial definition goes to 35, I see it as more of 20 somethings. I would think this net worth figure would be brought down by every one of them whose has recently purchased a home. At the beginning of home ownership it is generally a liability with its value in being your place of residence.
Because they know nothing but ME! ME! ME! and NOW! NOW! NOW!
I was even poorer at that age. But got better.