Millennials and Gen Zers are pulling in bigger paychecks, but much of their spending power is fueling short-term purchases like groceries and vacations, not savings.
you read a lot of blame into this Article where i don’t see any.
It simply explains why Millenials don’t save up.
From not being able to because of inflation to “revenge-spending” and “doom-spending” i think the Article does a good Job explaining the reasons why different People don’t save up. And it never puts the Blame on Millenials. It always explains why they’re not saving up.
read this:
“doom spending,” in which consumers (mostly younger ones) purportedly shop with abandon to soothe anxieties from economic, environmental and geopolitical forces they can’t control
it doesn’t put the Blame on Millenials and instead puts it on the Factors (and by Proxy the Politicians that let them get out of control).
I don’t believe revenge spending or doom spending are real things, that’s just bullshit they made up to make sure that the ruling class does not get blamed. Sure, they say the soothing bullshit “aw baby its not your fault you waste all your money” but it’s still a fucking lie.
We are on a financial cliff because this is how capitalism is supposed to work. Income and expenses are supposed to be as close to even as possible, that’s “efficiency”
Why won’t these millennials save money instead of spending it on frivolous things like (reads article) groceries!?
you read a lot of blame into this Article where i don’t see any.
It simply explains why Millenials don’t save up.
From not being able to because of inflation to “revenge-spending” and “doom-spending” i think the Article does a good Job explaining the reasons why different People don’t save up. And it never puts the Blame on Millenials. It always explains why they’re not saving up.
read this:
it doesn’t put the Blame on Millenials and instead puts it on the Factors (and by Proxy the Politicians that let them get out of control).
I don’t believe revenge spending or doom spending are real things, that’s just bullshit they made up to make sure that the ruling class does not get blamed. Sure, they say the soothing bullshit “aw baby its not your fault you waste all your money” but it’s still a fucking lie.
We are on a financial cliff because this is how capitalism is supposed to work. Income and expenses are supposed to be as close to even as possible, that’s “efficiency”