Every dollar you can save in your 20s is like gold.
Posted on 05/14/2019 9:48:16 AM PDT by SeekAndFind
You’re not going to like this.
Millennials spend more time on social media than older generations: People ages 25-34 spend 141 minutes per day on it, versus 105 for the 35-44 set. And that could be hurting both their finances and mental health.
Indeed, nearly half of millennials (49%) say that their spending habits have been influenced by the photos and experiences their friends share on social media, compared with only about one-third of Americans in general, according to a data survey of more than 1,000 Americans by financial firm Charles Schwab.
“Social media has become the millennials’ financial Achilles Heel.” — Allianz Life 2018 survey
Other surveys have uncovered similar trends: Roughly two in three millennials think that social media has a negative impact on their financial well-being, according to a 2018 survey of more than 2,000 millennials from financial firm Fidelity. Data released in 2018 by mobile bank firm Varo Money found that 53% of millennials admit to buying something they saw advertised on social media. And a 2018 survey from Allianz Life shows that more than half of millennials (57%, versus just 28% of Gen Xers and 7% of boomers) say they’ve spent money they hadn’t planned to because of something they saw on social media.
(Excerpt) Read more at marketwatch.com ...
Get Woke...Go Broke.
And, sadly, they are Godless.
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Reason: Hollywood saturation, social media, and the publik skulz propaganda has left many of them completely useless, amoral fools.
A lot of them fall prey to “social media influencers”, mostly celebrities (or pseudo-celebrities) who are paid by companies to promote their overpriced junk through Instagram and Twitter posts.
The dark reason so many millennials are miserable and broke.
BASEMENTS
FOMO - fear of missing out
They can’t think for themselves. Public school indoctrination has made them unintelligent zombies.
Well, there you go. I spend zero time on it and I'm as happy as a bug in a rug. And I'm not broke either. Get a clue, millennials (not Freeper millennials, who are definitely several cuts above your regular millennial).
Somehow the people who run things seem to think that young people becoming increasingly frustrated at being marginalized, in many cases out of life itself (abortion) or relegated to “mom’s basement” where they will just have to accept being laughed at is a good thing for them. When we little people screw up it’s bad enough, you have to go through the divorce or the bankruptcy or watch your child destroy themselves with drugs or whatever. Somehow I do beleive that when the powerful people screw up this badly it is gonna lead to a real disaster. We are “This close” to real problems with Iran, NOrth Korea, and China and that’s just this month. What are the people who are steering this thing gonna do when they realize the folks at home aren’t behind them anymore? Why should we “fix things” in the ME or Asia or anywhere else when we can’t fix things inside our own (former) borders?
I thought they were broke because they spend all their money on smartphones, Starbucks and pot.
Does time spent on Free Republic count? I don’t think it should.
First, they need to work and stop being professional students with worthless majors.
the millenials I know are broke into their thirties despite not paying rent, utilities and have never bought their own car or their own insurance, because they spend hundred of dollars a month on pot and video games. Spend every penny they obtain the split second they get it on what I have no idea. Will not under any circumstances get a job they feel is beneath them (even the GED only crowd). They do not work overtime period, or weekends period, and when they do things work or “chore” related, they will only do work when told, and precisely exactly what they are told and not a tiny bit more, so by the time you find them tasks and explain the tasks it is just easier to do them yourself because it is quicker and they will be done better. The youtube generation will not watch youtube videos to learn skils or perform tasks properly. I know every geezer complains about the new generation, but I think it is true this time. I see this behavior in everything from the “uneducated” (a misnomer if there ever was one), to young engineers. It makes my teeth itch how utterly helpless these kids are. If mommy and grandma did not pay their bills or buy them cars they probably would live on the streets. If I was in my thirties and my mom and grandmother paid all my bills, even set up and took me to all of my appointments like DMV, and prepared and paid my taxes, and essentially took care of every single adult responsibility I would be utterly ashamed of myself
Does time spent on Free Republic count? I don’t think it should.
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Nope... that’s educational time spent at a non-safe place college.
And ordering out for every meal. They stopped home economics classes and replaced them with environmental wackoism, and none of them can cook.
The keystone is schools demanded control over teaching curriculum, parents gave it to them and suddenly 10 years later, they have no skills anyone would want.
My nieces wasted 4 years of their lives chasing a Psy degree.
Now 4 years later, professionally they are already in dead end jobs.
I told them this would happen but what do I know.
I’m not an overpaid professor with a superiority complex.
Yours is the best answer.
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