Posted on 12/13/2015 8:30:27 AM PST by Kaslin
A new survey of Millennials (those between the ages of 18 and 34) by How Much shows that more than half of them have less than $1,000 in savings.
(Excerpt) Read more at townhall.com ...
The welfare state at its greatest.
My 22 year old is still at home but she is working a full time job and going to local community college for her associates. Staying at home to control expenses and college costs.
My 20 year old is out of the house but only an hour drive away. She also has a full time job that provides a hotel room as part of her compensation. She is also going to college via an online school for her associates.
My son is 16 and obviously home but he is starting to learn PC support and networking (following after me). He wants to support his music habit (saxophone and guitar) and knows that he can’t do that with night gigs.
Bet they all got smart phones.
In my older and more crotchety age, my response to many such things has been narrowing down to “Fuqum”
Fewer than half of everyone has less than $1,000 in savings.
This is not a problem with the “Millennials”. They have plenty of credit cards with $1,500.00 limits. Pay it off? No problem it takes 30 years at the minimum payment. Interest rate? No problem. Monthly minimum is all that counts with these spoiled brats.
Me too, brother. Me too.
And then I lived under the Obama economy.
I saw a billboard the other day that said...”Your in laws are not a retirement fund”. Meaning waiting for them to kick off isn’t the best idea. That may be what these idiots are doing.
I was a terrible saver through my 30’s. Didn’t have any real money in the bank until my early 40’s. I’m now 57 and have nowhere near enough to retire on. I’ll be working until I’m dead. I like my work though.
I had zero savings when I was 35.
That was just after my first wife had spent it all.
I am amused at how short the American memory is.
Before WWII having unmarried children living at home was the norm. It was not unusual at all to have three generations living in a home.
Let’s face it...we will be reverting back to our pre-WWI status pretty darned soon.
Why should they, when they know they can vote for politicians who will simply vote to steal from those who did save to pay it.
Correct. $500 was the mark just a few years ago.
I had $1000 to my name in 1976. I was 22.
Corrected for inflation that would be close to $4000 now.
Why worry about saving money, when money is fiat currency with only the value the government manages to convince people to pretend it has?
Health, skills, tools, physical assets, and personal relationships may turn out to be far more important than money, once the ponzi scheme that is modern finance collapses...
Actually, you are missing the Silent Generation. They were born old enough to remember the Depression, but too young to fight in the War II. Their claim to fame is always trying to live up to the GG’s accomplishments.
Their war was Korea. They were the young kids in the back of the room during the moon launches.
More than the Greatest Generation, or the boomers, they are responsible for the crap we are in today. Their inferiority complex during their time in the seventies caused us to fail miserably.
They are the only Generation without a President. That is how weak they were as a whole.
(Yes, I know there are plenty of Silents out there who have done wonderful things. We are talking Generations here...The Silents were the parents of late boomers and early X’ers.)
but have THOUSANDS in video game players and games...
That will be the appeal in the next presidential election.
Vote for the socialists(dems), they will get you out of college debt using taxpayer money.
If you vote Republican you will be in debt the rest of your life.
Republicans wouldn't throw a drowning man a life preserver, they would say , you should have learned how to swim.
Vote for Hillary. -Tom
Sux for them.
You guys are really mixing your generational memes.
Aside from Student Debt (and there is a ton) these guys are actually pretty frugal. Whereas a boomer or X’er would have gone out on their own and accrued more debt, the MGs stay at home and liver pretty much within their meager means.
With no disrespect to the “Greatest Generation” I always wonder -
if they WERE the greatest, why did they produce a generation of kids that were so crummy?
I mean it seems to me if they were the “greatest” then their parenting skill would be stellar and their kids would themselves be a great generation, and so on.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.