“Look at those irresponsible younger people frivolously squandering their massive wealth on staying alive and off the street! That doesn’t benefit our stock portfolios!”
My son doesn’t even have a passport… We have no reason to get one as I don’t see us even having any holidays with any overnight stay.
The short term purchases is the fucking rent you clowns.
Yeah. Vacations. Sure.
I see them blowing all their money on things like healthcare and rent.
Not exactly hedonism at its greatest.
Every time we pay them more, the expenses go up by double that.
Remember when that living scrotum Rupert Murdoch used “refrigerators” as an example of a luxury expense on his news network, Listen to Everything the Decaying Billionaire Tells You? A fridge was a luxury expense in 1890, when you were born, but not now.
You know, when Marie Antoinette said stuff like this, her words were immediately halted by the “shing” of a guillotine. ♫ Just sayin’! ♫
There’s a beautiful saying in my country: “Dumb head is a burden for the body”.
Boomers don’t have savings either… neither does Gen X. Why should they be any different?
"Forty-three percent of 55- to 64-year-olds had no retirement savings at all in 2022, according to the Federal Reserve Board
The National Council on Aging estimated 17 million people over 65 are considered economically insecure"
And, yeah, that’s me, but I also don’t expect to retire. Never did.
Seeing as how I need to eat to live, I hardly consider groceries a “short-term” purchase. By that logic all my fucking bills are short term purchases. They make it sound like eating to survive is a fucking luxury.
Remember, if you deny yourself all pleasures for the vast majority of your adulthood, you have a possible chance of a less than uncomfortable life for the last 10-15 years you’re on this planet.
Totally worth skipping vacations for 45 years.
Ah, apologies I didn’t realise I was meant to starve and completely socially isolate myself in order to have enough money to put away savings.
Has anyone stopped to think the reason why the newer generations aren’t putting money away is because many of them don’t have that money because costs are going up and up while their pay is either stagnant or rising below the rate of inflation.
It’s okay, this article wasn’t written for you. It was written so boomers won’t feel bad about themselves.
Literally just got a raise and also a survey from my health insurance provider that reads “Are you homeless? We will set you up with a homeless shelter. Are you starving? We will set you up with a food bank. Have you given us 20 thousand dollars this past year? WHY NOT!?!?! You are 7 blood draws, 3 ultra-sounds, 1 colonoscopy, and 3 chest x-rays behind! Give us thousands of dollars! Its preventative! You have money to give us, right?”
Lol ‘vacations’. They misspelled “rent”.
Savings? What kind of dumb ass holds cash when everything will be 5% more expensive next month?
Short-term purchases like groceries? SMH
Groceries keep you alive from meal to meal.
Hence, short term.
Wow. “You’d be better off if you just starved” is a new low.
Wow. The graph they are pulling their data from is LOADED with bullshit. It’s measuring the growth of net income of age groups. Not the actual worth. The growth of their worth. They are really trying to say that it’s shocking that people aged 18-39 experienced growth in net worth vs people 40+?
Shocking study finds that people who got their first job are making 100% more than they did before they got a paycheck while those who have settled into a career experience growth at normal rates.
Just to nitpick a bit, but if you are working your first job and earning money, then you are making infinitely more times the money you made before.
When I moved out of my parent’s house, mac and cheese started costing infinitely more, too. Fucking economy.
Once again… THEY DON’T HAVE THE OPPORTUNITIES BOOMERS DID. There are no savings to spare when the price for everything has been artificially inflated. Maybe stop gouging them with a financial ice pick, and they’ll have the money to save.
Boomers are poor too with little to no retirement savings. This article is to pit people against each other.
