Why are millennials so poor?

why are millennials so poor?

Millenials are the youngest generation

The youngest generation is always the poorest

Carpe diem, yolo

But I am saving money, I have a little over 20k in the bank (5k of emergency funds in my saving's account, 1k for debt purchases, 18k in stocks), and a car paid off.

i was so fucking broke at one point that i was giving plasma donations to go to my unpaid internship

don't be a stupid cuck like me, sell drugs/commit fraud instead if you need money

>baby boomers 2.0

baby boomers thought it was a better idea to hire some indian for less

no life skills, no way to add value to own life, have to pay others to do it.

learn to cook. stop paying useless subscriptions to bullshit. dont pay an asshole to tell you how to exercise. stop paying for coffee or soft drinks. fix your clothes rather than replace them. spend as little as you can, learn to add value yourself.
save a few dollars every day, and youll save thousands quickly.

>ehehe goyims save money .. In our banks

>spend as little as you can


so stop consuming leading to less demand leading to less demand for jobs leading to more unemployment leading to less money leading to less consumption.

>commit fraud
how tho

Americans has to be the dumbest country, they waste ton of money and get nothing in return. Maybe bragging rights about "protecting" the world.

>average person gets paid $40,000 a year
>saving $1 million is easier than you think

Was this article written for CEOs?

Keynes pleae go.

good goy, always spend your money on materialistic things

Didn't know you went on Sup Forums, Mr. Prime-Minister

>Be a baby boomer
>Make objectively horrible financial decisions that lead to the worst finical collapse since the great depression
>Spend all the country's money on wars around the world, and nation building
>Destroy the housing market
>Wonder why Millennials are poor

Millennials literally grew up during what was almost a depression. Of course they're poor.

Are there a shit ton of dumb millennials who can't manage their finances? Of course. The thing is there were the same number of Boomers like that, except the economy was so insanely strong that it didn't matter. They could spend out the ass and felt no repercussions.

Thankfully I'm not retarded, so I save most of my money. I have $15,000 in the bank, and with the DOW as it is I'm going to start investing.

you implying that saving all your average person money for 25 years, while not spending a single cent and ignoring the fact that 25 years from now 1 million won't be nowhere near 1 million today, is hard?

>why are millennials so poor?

Baby Boomers stealing our wages to pay for their retirements.

Because we weren't taught how/what to do with money in school, everyone i went to school with spends their paycheck within days.

Its some bullshit like: "if you save the 20% of all your income starting in your 20s, when you have 70 years you gonna have million dollars!!!" (if the bank interest dont change in 50 years)

Wow, its fucking nothing.gif

Yup.

80,000 in loans after graduation
40,000/year
Yeah save a million easy guys xdddd

At 40k/year it literally takes 25 years of saving every single penny of every paycheck to accumulate 1 million dollars.

Couple that with spending 10 years paying off loans/interest and....

Nevermind it's really easy to save 1 million

If you have 35 years with no bills

Oh yeah, I almost forgot that Millennials now have their paychecks ripped apart because of boomer policies that literally only benefit boomers

>YES GOY, YOU MUST PAY FOR THOUSANDS OF DOLLARS TO TAKE CARE OF DA OLD BOOMERS
>IGNORE DAT DEY HATE YOU AND RUINED THE ECONOMY GOY
>KEEP PAYING FOR THEM TO LIVE

>Millennials literally grew up during what was almost a depression.
>almost a depression

Surely you mean the precursor to the next depression?

> why do politicians who run the world have to fuck little kids OP?
> shit just happens cuz people in power have control

Well, yeah, another one is going to happen. It just was narrowly avoided last time around, and it's not gonna get any better.

>"Unpaid internships"
>"Low paid internships"
There is your problem. In Germany we call this "Generation Praktikum", which basically means that many youngsters are employed as interns but do the same work as full-time professionals. I knew guys who literally had nothing to save. They just had what they earned that month. And this for years and years.

I mean there are so many factors that go into that, shitiest parents of any generation, more older people we have to pay for, general inadequacy being raised in a baby proof world, and generally being the youngest generations. A generation is a product of the generation before them, imagine what our kids are going to be like.

- also more work, less payment
- also higher costs on basically everything but trivial shit, maybe even for trivial shit
- also companies moving to china/india so they can have slaves instead of paying workers

The stock market and compounding returns do a lot of the heavy lifting. You're not leaving the money in your mattress.

>saving $1 million is easer than you think

Either boomer wrote this, or son of a wealthy parents.

And then people bitch when people get sick by their delusion and start murdering them. Wonder, why.

> work in the 50s
>Able to afford everything you need and wife never needs to work
>Work now
>Barely able to scrape by and wife needs to work too

>global economy based on consumption
>wants people to stop consuming

sounds like communism to me

Women spend every cent they get on shoes.
Nigs chase that shine
Straight white men are a liability to employ because you're not being diverse.

You tell me.

why are babyboomers such cucks

Thats what boomers don't get. Objectively, wages have NOT risen to match the prices of goods. Things are more expensive, and people make less money.

>JUST SAVE, GOY. YOU CAN DO IT. STOP COMPLAINING. WORK FOR FREE. PAY TAXES SO BOOMERS CAN GO TO THE DOCTOR AND LIVE FOR A FEW MORE YEARS

That's implying that you don't buy a car or house, have kids or get sick

There is a difference between spending in times of good fortune and spending in times of crisis, when the risk is higher

Babyboomers are not cucks, they are cocks.

Cucks are the milennieals for paying for those old farts instead of throwing them to the garbage where they belong.

I've got about $7500 saved in dollarinos and about 1200 Euros here in Greece
I'm 28, it's not much though
My best friend and his rich girlfriend just bought a house for like half a mil

You whiny socialist faggits are acting like you need a million dollars for your degenerate lifestyle.

>almost a depression
It was barely a recession. Stop listening to Michael Moore, dummy.

>Implying I watch that fat cuck

I've got a lot of money in a savings account, but thanks to the (((European Central Bank))) we're getting close to hitting negative interest rates.

oh really? Is that why interest rates were 0% for half a decade? Pipe down

Did you even read the OP? Maybe it's too fucking sophisticated for your nigger brain to comprehend.

>2017
>Not using a Union Bank
>Not investing in the bloated stock market before it crashes
>Not investing in bitcoins

>Thats what boomers don't get

Oh no, they get it alright, they just pretend they don't so it gets blamed on ignorance and they don't get held to account.

Its no different from the thief who having been caught says they just found the wallet they stole on the ground and that they shouldn't be held to account.

We're talking just about Portugal, not about EuroZone as a whole

Come here and invest on us, then. I'm just saying it shouldn't be Portuguese people investing on Portuguese economy. It should be foreign people investing in Portuguese Economy. That is what creates wealth

Establishment eugenics, of the world government variety

>jobs imported to developing world to develop them
>import of hardcore Feminism and the female culture which is just open degeneracy
>males displaced as earners, women are just spenders

The combination of working women who fuck chads and a large pool of unemployed men creates the ripe conditions for socialist Basic Income. Essentially its all engineered

>problem
>reaction
>solution

It also makes us extremely dependent on the establishment/government. Hope your freedom doesn't taste like 1984 annons

40k is the average of all people right now, not the average each person will make over their lifetime. Youth make much less, peaking before retirement.

why am i so flat?

they blow what little money they have on harry potter wands, Dr Who & anime toys

Is there an option to opt out of social security?

this.

there are no more accounting tricks (adequate for the scale of something even half as bad as 2008) left in the globalist fuel tanks.

Or rather they have ONE bullet left that can kick the can for another few years: hyperinflation.

When people compare america to weimar it is almost chilling how similare the two are. Right now you burgers are between 1926 and 1933

Women still withdraw more from state than they contribute, unlike men, so this falls apart the moment you start getting big enough numbers of men and no amount of money you magic out of thi airi is going to maintain this.

>negative interest rates.
so what? they take money away from you if you have it in the bank?

So why would anyone fucking fall for this kike shit?

car paid off
22k in bank
no debt

work minimum wage too, only took 2.5 years of saving

Fucking hell this generation sucks. I work manual jobs for shit money have done for like 5 years and still even with bad pay I've managed to save 10 grand by not spending it like a retard. It's surprising how impressed people around me are with how much I've saved even though it's not a lot.

This too. I can't find decent data for any developed economy besides new zealand tho.

would drive all savings onto the stock market

This is already accounted for through mechanization. It why Feminism in its latest government quote form is becoming common place in the corporation states. The lacking production is already made up by the technocracy, so they're intentionally letting women leech off it.

The system is exceedingly well planned out, you get this sense from watching economic videos from globalist post-secondary institutions and from debt repacking mechanisms such as the BIS > IMF new currency the SDR.

How the fuck do people not save? It literally has been carrying me through a rough stint in my career.

>lost really good job in feburary
>had 10K saved up
>slowly but surely chipping away at it in unemployment while searching work

Unfortunately its the slow season for marketing until summer picks up save for niche markets, so all the offers i've had are for shit 16-20 an hour jobs.

I just can't bring myself to go back that low, but if I continue to break down my savings, I might have to until better contracts come in.

Yes, you'll have to pay just to store money.

Well, the solution is of course obvious, but I just find the idea ludicrous.

>saving 1million dollar is easy
>the average salary there is around 20K euro a year
>before tax
>when ou have to pay around 600 euros of rent per month

millenials are 35 year old. GenZ is the youngest.

lots of people want to be independent and will willingly sacrifice 75% of their income for an apartment

I'm 20 and I have 30k. Most of it saved in the past 1 year.

My standard savings account in Norway has 1.5% annual interest. Kind of fucked up coming from the US.

The economy is now just a Ponzi scheme, for it to continue the youngest citizens need money to consume and buy into the Ponzi. Going to be sweet to watch this house of cards fall

I'm 22 and have $15k

All from working in a chicken shop during high school and mowing people's lawns in Uni

I spent a fair bit on stupid shit at 18/19 too, if I really tried I could be on $40k+ easy

Provided my parents are kind enough to let me stay at home with them, I am grateful for being in a position where I don't have to pay rent right now. The housing situation in this country is fucked beyond belief but at the same time all the normies I know that complain about not having any money all go to festivals, go out twice a week, get take away lunches/eating when they're out almost every day and are on $80 per month data plans. That's if they haven't dropped a shit on doing up some shit box car or have a job they don't quit after 3 months, maybe I am just surrounded by dropkicks though.

buy credit cards for like $5 each of the deepweb and use them to buy bitcoin, then use some bitcoin in buying more cards and sell the rest of your BTC

Yeah, but I'm guessing you are not the owner of the house you live on, the car you use, nor the one who pays for electricity, food, gasoline, nor any of the taxes of the aforementioned resources. Correct?

I can save easily, but that's only because I still live at home and pay no bills, if I moved out and rented somewhere I couldn't afford shit, I'm only moving out of my parents place when I can put a deposit on a house and start paying into a mortgage, which will be within the next 5 years renting is a fucking scam.

The housing market in Britain is a speculative bubble, wait for the bubble to burst before buying into it or else you will just be left holding the bag

You're not

>650 rent a month
Thats pretty cheap. I'm paying 900 a month for my place and i'm almost 50 miles from downtown metropolitan area.

Yeah, but how long until it bursts, they're not building enough houses to keep up with demand to cause the bubble to burst.

Because a lot of them are a bunch of entitled, lazy pieces of shit.

I'm 26, self employed and do quite well for myself. I spend a lot of money having fun plus still save money. Ill be able to raise a family when I decide I want to settle down too.

Not much longer now, it probably won't start here it will start in Canada Australia or USA and spread to the uk

My mom's rent cost 20% of her income while working at a retail job. My rent for the same sized apartment costs 110% of my income from the same job. This doesn't include any other bills like utilities.

>tfw saving up money for my carreer then spend every penny I earn on anime

I live with my family, however I pay $200 per week in rent which covers housing, bills except phone and some food. $200 per week is quite a lot.

Also I do own my own car.

Paying for anime? Don't you just torrent it...?

And thats it. It doesn't end.

"oh take this low pay job now for experience and in the future you will earn more".

Then the "future" moves further and further a long and you find yourself on shit wages years and years into a """""career""""".

realistically you should aim to save 20k a year, certain things will come up that require a chunk of money but its really not that hard, just stop blowing your money on shit...

i have zero debt, a 2015 xr6 turbo car full leather interior, 30k in shares, 23k in cash, 2 bitcoins that i use to trade with(buy/sell) as a hobby, im about to buy a house using that government shared equity scheme. I feel like im doing pretty shitty desu, I want to be a millionaire, so i constantly push my studies everynight, and i look for different ways to make easy money so i can buy cool little things that i dont need but want, example i do those online surveys, i queue up a bunch of different companies and just do them when im bored.

look youre either a do er or a complainer..

Why not just get into a field that has a lot of high paying, entry level careers off the bat, it seems like the best idea.

> imagine what our kids are going to be like.

They won't exist. We don't have them.

Illegals

People joke about "Dee Turk ur Jerbs" shit, but illegals have Crashed the wages of low skill and entry level.

With 10 million less Wetbacks in the country Employers would be forced to pay $15/hour at a minimum.

...

Of course you torrent it. Then order the blu rays and figures from Japan.

I thought nyaa was fucked? What do you use besides that?

Money is only good when you burn in on stuff.
Stacking it makes you a jew.

2 words
video games

>being this new

>$1 million is easy to save.
Yeah shit. Pic related has taken me 8 years to save... Look at my rate of returns... It ain't easy.

I live, literally, making ends meet. When people say "you should invest in stocks and sheeeeeit" I'm like "How and with what?" And the answer I usually get is "ur a fgt" so I don't think they meant it when they told me to do it.

I spend all my extra money on stuff I need each month. My credit card bill is like $4000 every month. Fuck saving, I'm living for now. YOLO.

bet any money you are black

oh shit he's on to me, please spoonfeed, I am Hungary for sauce.