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The future of the stock market is bleak? Millennials and Generation Z
Posted on 12/27/22 at 10:31 am
Posted on 12/27/22 at 10:31 am
This is just for discussion and speculation.
I've recently purchased I-Bonds for both my son and grandson as gifts. When the interest rate drops significantly, I plan wait the three months (as I'll lose this interest) and use the funds to create a 529 for my grandson.
Thinking about this, makes me contemplate the future of the stock market. We all have read the articles, watched the news reports, or have listened to podcasts that discuss Millennials and Generation Z.
Many of the aforementioned state the following:
-Millenials/Gen Z are living with mom and dad;
-Millenials/Gen Z cannot afford rent, much less a down payment on a home;
-Millenials/Gen Z are saddled with student loan and consumer debt;
-Millenials/Gen Z are more interested in their daily $6.00 Starbucks' latte than they are padding their brokerage account
And so on...
While I don't dispute the accuracy of some of the aforementioned generalizations, they are just that, broadly sweeping generalizations...
That being said, I do worry about the future for my kids, grandchildren, and great grandchildren. Will investing take a sharp turn? Sure, kids have (potentially) an inheritance to come to "boost" their savings and investments, but that isn't guaranteed. Do you believe that the younger generation really is that strapped? Do you foresee any adverse effects decades down the road - i.e., stocks plummeting in value/crash due to this? Or, is this a situational aspect that will ultimately correct itself?
I've recently purchased I-Bonds for both my son and grandson as gifts. When the interest rate drops significantly, I plan wait the three months (as I'll lose this interest) and use the funds to create a 529 for my grandson.
Thinking about this, makes me contemplate the future of the stock market. We all have read the articles, watched the news reports, or have listened to podcasts that discuss Millennials and Generation Z.
Many of the aforementioned state the following:
-Millenials/Gen Z are living with mom and dad;
-Millenials/Gen Z cannot afford rent, much less a down payment on a home;
-Millenials/Gen Z are saddled with student loan and consumer debt;
-Millenials/Gen Z are more interested in their daily $6.00 Starbucks' latte than they are padding their brokerage account
And so on...
While I don't dispute the accuracy of some of the aforementioned generalizations, they are just that, broadly sweeping generalizations...
That being said, I do worry about the future for my kids, grandchildren, and great grandchildren. Will investing take a sharp turn? Sure, kids have (potentially) an inheritance to come to "boost" their savings and investments, but that isn't guaranteed. Do you believe that the younger generation really is that strapped? Do you foresee any adverse effects decades down the road - i.e., stocks plummeting in value/crash due to this? Or, is this a situational aspect that will ultimately correct itself?
This post was edited on 12/27/22 at 10:33 am
9
Posted on 12/27/22 at 10:42 am to GentleJackJones
Consumer spending = good for the stock market
Consumer saving = bad for the stock market.
So if what you posted above stays true then that should benefit well for the future market.
Consumer saving = bad for the stock market.
So if what you posted above stays true then that should benefit well for the future market.
Posted on 12/27/22 at 10:51 am to GentleJackJones
The only lie we are sold is that investing accounts are set it and forget it and that a number on a screen makes you wealthy.
Posted on 12/27/22 at 10:52 am to GentleJackJones
I was once a power tie wearing, Jaguar loving, “greed is good” Yuppie. I just wanted money to be my best friend. Then I had a bunch of birthdays and things changed. I changed. Not sure how it happened. Maybe something to do with the passage of time. 
All that to say, more than likely, whatever conditions these youngins are facing now will change… as will they. So just teach your grandkids to become adults who make things happen and not snivelers who whine about life happening to them. (No offense, El Gaucho)
That’s all I got.
All that to say, more than likely, whatever conditions these youngins are facing now will change… as will they. So just teach your grandkids to become adults who make things happen and not snivelers who whine about life happening to them. (No offense, El Gaucho)
That’s all I got.
This post was edited on 12/27/22 at 10:54 am
Posted on 12/27/22 at 11:05 am to Jag_Warrior
Oh I’m chill
I’m hoping for the big collapse so I can become warlord but unfortunately what’s going to happen is everything will keep deflating until we’re an irrelevant rump state like France or Italy
I’m hoping for the big collapse so I can become warlord but unfortunately what’s going to happen is everything will keep deflating until we’re an irrelevant rump state like France or Italy
Posted on 12/27/22 at 1:25 pm to GentleJackJones
quote:
i.e., stocks plummeting in value/crash
Where else is the money gonna go?
Do you think another country is going to overtake the US? Otherwise, the US stock market will probably rise in the long run unless inequality becomes so dramatic that the wealthiest individuals can privatize the whole market.
90% of Americans could be dirt poor, and the stock market could still do well. Just because the money is concentrated in the hands of fewer people, doesn’t mean it disappears.
quote:
Millenials/Gen Z are more interested in their daily $6.00 Starbucks' latte than they are padding their brokerage account
I don’t think this is accurate at all. With zero-commission and instant trading, I bet far more young people follow the market than their predecessors.
Posted on 12/27/22 at 1:35 pm to TomRollTideRitter
Basically every millenial lives pay check to paycheck and has a Robin Hood account that they use to buy stocks and crypto at the top
Y’all may say that they should buy now when things are low but this will look like a top 6 months from now
Y’all may say that they should buy now when things are low but this will look like a top 6 months from now
Posted on 12/27/22 at 2:37 pm to GentleJackJones
People don't have the liquidity to gamble on stocks right now.
Posted on 12/27/22 at 8:02 pm to GentleJackJones
Bleak?
Never bet against human greed
Never bet against human greed
Posted on 12/28/22 at 5:16 am to GentleJackJones
quote:
Will investing take a sharp turn? Sure, kids have (potentially) an inheritance to come to "boost" their savings and investments, but that isn't guaranteed.
To an extent maybe. You can definitely tell there is a wider gap between the rich and poor but where will everyone put there money? It's concerning that a lot of investments are going towards real estate which seems to be creating a noble/peasant class.
However, I can see foreign investments keep rising which is concerning in itself.
Posted on 12/28/22 at 6:37 am to GentleJackJones
quote:
Many of the aforementioned state the following:
-Millenials/Gen Z are living with mom and dad;
-Millenials/Gen Z cannot afford rent, much less a down payment on a home;
-Millenials/Gen Z are saddled with student loan and consumer debt;
-Millenials/Gen Z are more interested in their daily $6.00 Starbucks' latte than they are padding their brokerage account
Whole lotta FUD. How can broad statements like this have any merit?
As long as people are employed, US stock market will be fine.
Posted on 12/28/22 at 9:16 am to GentleJackJones
quote:
Millennials and Generation Z
Americans aren't the only ones that invest in the NYSE.
Like someone else said, everyone seems to be forgetting that more people than at any point in the history of this earth now have easy access to invest and trade in stocks for free.
Interest in the stock markets is at an all time high.
Posted on 12/28/22 at 9:44 am to Aubie Spr96
quote:
I don’t believe this to be true, but I do think it’ll be a long, long time before we get there again.
The only way we can survive as a nation is to go to war again
And like real war where we suffer at home
I hope it’s with israel
Posted on 12/28/22 at 9:59 am to el Gaucho
It's a good time to teach your grandson about low float penny stock runners.
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