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As a baby boomer (class of 47) I will defend the Millennials.

I was in my early 30s when I realized that I had no savings and I was in debt to my eyeball (mostly credit card revolving credit). At the time the only considerations I made when buying something was how much would it add to the monthly minimum payment.

Then I woke up. I think it was when I realized I was still paying for a Television that I had already replaced.

I got my act together and in a few years out of debt and begin saving, started a 401K, and participated in the Company’s stock plan.

Long story short, I wasted the first 15 years of my working life but was able to get control of my finances so when the time came I was able to retire comfortably.

There is still time for the Millennials to mature and begin getting ready for when they will no longer be able to work (and I do not believe SS as we know it today will be around).

I didn't even get my first full-time job until I was 21 (was in college before then, only working part-time jobs at minimum wage), and I still lived paycheck to paycheck for several years. It wasn't until I was 30 that I managed to buy my first house (and most of that was mortgage), and I still lived paycheck to paycheck for a while after that.

It really wasn't until my 40's that I started to have bits of spare money and could start getting into investing (rental properties) and build up real equity.

I was never unemployed or anything, and I had a great record of raises and promotions, but the cost of everything seemed to keep going up too.

I can't blame any 18 year old for not having $1K in savings these days... but I guess a 35 year old should probably start to be on track to having something, even if it's a 401k or something like that.

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There is still time for the Millennials to mature and begin getting ready for when they will no longer be able to work (and I do not believe SS as we know it today will be around).
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Not one myself, but thanks for being one of the few to defend. Many here are quick to berate the ‘youngins’, yet won’t point out the culprit of the problem: GOVT.

Govt is the reason, since the 50’s, both (fe)male have to get out just to pay the bills...being nickel and dime’d to death; having moved from a Republic AGES ago.

As you said, many won’t realize until reality smacks ‘em in the face and I hope they DO learn...and soon.

I don’t believe I’ve seen ANY feedback where mine/younger generations even *THINK* the SS Ponzi scheme will still be around. IMO, this will be the next big battle: grey hairs vs. grand-children. THAT is where the involuntary servitude is really going to be fought. Maybe it’ll be the wake-up call needed to start reducing/eliminating govt.