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re: Millennials make more money than any other gen. did at their age, but are way less wealthy
Posted on 10/12/21 at 12:48 pm to PrimeTime Money
Posted on 10/12/21 at 12:48 pm to PrimeTime Money
I guess you took no trips and told your friends tough shite when invited on bachelor parties?
2
Posted on 10/12/21 at 12:49 pm to PrimeTime Money
quote:
Millennials 100% spend more money than their parents did. I can’t tell you how many of my friends would just fly to Miami with girlfriends to party and have fun. Or how many guy friends would go to Vegas for fun or travel across the country for a bachelor party. Or travel across the world on a honeymoon.
Our parents never did stuff like that. Most people of previous generations struggled when they were younger. Millennials (my generation) want it all now. They want to live in luxury how their parents do, but don’t realize their parents worked up to that point. They didn’t start out that way.
Anyway, I don’t know about all of the financial numbers of this generation compared to last generations, but it’s just my personal experience that millennials at a young age spend way more money and live much fancier than older generations did at their age.
Preach
Posted on 10/12/21 at 12:49 pm to kingbob
quote:
I think the problem is that people think they’re doing the former when they’re really doing the latter. I see this shitte in New Orleans all the time with the hyper vocal “locals” who moved here from Brooklyn 3 years ago.
No doubt, and I think about this a lot. And it ties into my simplification pitch here. If you make your downtown too revitalized, too awesome, with too many cool breweries - people are going to come in and turn it into some leftist sanctuary.
Which is why I don't want the Hollywood money in Georgia anymore. Get the frick out. I don't want the cool restaurants near my neighborhood. Ideally, yes, you could have attractive development for locals without it being the beginning of the end for a community's character, but that's not how it works in reality.
Posted on 10/12/21 at 12:51 pm to RogerTheShrubber
quote:
And think they have to live in trendy places which are expensive.
That's where the jobs are.
Of course, work from home becoming more or less normalized ought to help the city expenses some going forward.
Posted on 10/12/21 at 12:51 pm to Pettifogger
Every decent sized city had at least a neighborhood or a handful of them that look like what Portlandia made fun of in 2010
Posted on 10/12/21 at 12:51 pm to NIH
quote:
I guess you took no trips and told your friends tough shite when invited on bachelor parties?
That's exactly what I did. My "trips" were to Iraq and Afghanistan. And all of that tax free deployment money i used to build wealth.
Posted on 10/12/21 at 12:52 pm to PrimeTime Money
quote:
Millennials 100% spend more money than their parents did. I can’t tell you how many of my friends would just fly to Miami with girlfriends to party and have fun. Or how many guy friends would go to Vegas for fun or travel across the country for a bachelor party. Or travel across the world on a honeymoon.
Our parents never did stuff like that. Most people of previous generations struggled when they were younger. Millennials (my generation) want it all now. They want to live in luxury how their parents do, but don’t realize their parents worked up to that point. They didn’t start out that way.
Anyway, I don’t know about all of the financial numbers of this generation compared to last generations, but it’s just my personal experience that millennials at a young age spend way more money and live much fancier than older generations did at their age.
Yes, but across all demos now. My parents spend money now in a way they never would have previously. Some of it's because they're not paying for my arse anymore, but some if it is just because everyone has an iPhone, everyone has nicer appliances, etc. It's not even competitive, it's just how things are done.
Posted on 10/12/21 at 12:53 pm to Pettifogger
quote:
If you make your downtown too revitalized, too awesome, with too many cool breweries - people are going to come in and turn it into some leftist sanctuary.
Not having nice things to keep liberals out.
Posted on 10/12/21 at 12:53 pm to Pettifogger
My parents go on more trips, buy nicer cars, and order app delivery all of the time now that everyone’s out of the house.
Posted on 10/12/21 at 12:54 pm to NIH
quote:
My parents go on more trips, buy nicer cars, and order app delivery all of the time now that everyone’s out of the house.
Yeah, my retired parents and in-laws are practically living like teenagers again, with much earlier bedtimes.
Posted on 10/12/21 at 12:55 pm to Duke
quote:
That's where the jobs are.
Nah, there are jobs everywhere.
You can still create your own course, even today. There will be tradeoffs though. I just think most lack self confidence to follow through.
You can craft a life or life will craft you. Chasing shiny things 24/7 is a recipe for failure.
Posted on 10/12/21 at 12:55 pm to USMCguy121
quote:
Its been a REALLY shite 20 years
the S&P is up 370% since 2000, the economy has expanded a lot over the past 2 decades
Posted on 10/12/21 at 12:55 pm to Duke
quote:
Not having nice things to keep liberals out.
We can laugh about it - but it's more or less true.
If you want your community to remain a community of like minded people cheering for the same things, you simply can't make it too attractive to transplants.
The alternative is you get the cool restaurant and brewery and then hate the people in your neighborhood who are literally trying to take money out of your kid's 529 Plan. I guess people can choose which they care more about.
Posted on 10/12/21 at 12:56 pm to NIH
quote:
There’s jealousy from the boomer side that is obvious to me. Guys who immediately left college to get married and live in suburbs are likely jealous of younger folk who get to or have had carefree experience in cities.
You're processing other people's experiences through your own filter. Those guys grew up on Happy Days, not Friends. They don't give a flip about Edison bulbs or "authentic, earthy experiences."
Posted on 10/12/21 at 12:57 pm to Duke
quote:
Not having nice things to keep liberals out
Trust funders frick up everything.
Posted on 10/12/21 at 12:58 pm to USMEagles
quote:and you're processing things through a 2012 buzz feed filter
They don't give a flip about Edison bulbs or "authentic, earthy experiences."
no one gives a frick about those things
Posted on 10/12/21 at 12:58 pm to NIH
quote:
who get to or have had carefree experience in cities.
Most older people don't give a shite about this stuff. This is a fairly new thing.
You'll grow out of it too.
Posted on 10/12/21 at 1:00 pm to RogerTheShrubber
It means she’s either an extreme outlier who got incredibly lucky, she overpaid for a place in the hood and spends more in other ways to account for that fact, or you’re full of shite.
DFW is one of the hottest markets in the country in a city that is known for the exact extravagance you’re decrying. The fact that you would even bring it up makes you seem ridiculously out of touch and destroys your credibility by highlighting that your viewpoint is drawn entirely from anecdotal personal experience.
DFW is one of the hottest markets in the country in a city that is known for the exact extravagance you’re decrying. The fact that you would even bring it up makes you seem ridiculously out of touch and destroys your credibility by highlighting that your viewpoint is drawn entirely from anecdotal personal experience.
Posted on 10/12/21 at 1:01 pm to TheDrunkenTigah
quote:
It means she’s either an extreme outlier who got incredibly lucky,
No, it means she's very responsible and organized, unlike the people bitching because their brewery money comes out of the rent.
quote:
up makes you seem ridiculously out of touch and destroys your credibility by highlighting that your viewpoint is drawn entirely from anecdotal personal experience.
Now your little feelings are hurt
This post was edited on 10/12/21 at 1:02 pm
Posted on 10/12/21 at 1:01 pm to TheDrunkenTigah
Threads on these themes get heated, but they're consistently among the most interesting, substantive and far-reaching of any on this site. They're free of COVID debate and partisan bickering for the most part, and they simultaneously include discussion of real-life issues everyone can relate to and the macro issues behind them.
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