How do millennials spend their disposable income?

How do millennials spend their disposable income?

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zerohedge.com/news/2017-05-26/70-millennials-have-less-1000-saved-buying-house
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>millennials
>disposable income

kys

On shit from amazon, patreon, and gofundme

I don't know about you poorfags, but I just signed on a house yesterday.
t.27yo STEMfag

Weed.

>have to pay for all the gibsmedats
>disposable income

>72% of "young millennials"- those between 18 and 24 years old - had $1,000 in their savings accounts and 31% have $0; a sliver (8%) have over $10,000 saved. Of the "older millennials", those between 25 and 34, 67% had less than $1,000 in their savings accounts, 33% have nothing at all, and 15% have over $10,000.

They're all fucked

zerohedge.com/news/2017-05-26/70-millennials-have-less-1000-saved-buying-house

>she

>Weed
>Alcohol
>Electronics

Guns and ammo.

have fun being underwater by next year unless you got a 2001-2002 valuation or better. sold mine.

stpeach subscription

Who knows.

cosplay outfits and craft beer

Does this only count money in a savings account? I've got 20 grand in my current account that I've been building up, but if it's only a savings account, then I'm one of those losers with little to nothing "saved".

On index funds or early principal payments on my mortgage.

Why are her eyes always so empty and soulless

...

Sage

I don't suspect that "disposable" income is the money I spend on food, bills and gas, right?

I bought a DVD like one week ago. At a Goodwill.

Why do you have an obsession with millennials OP? Compensating for something?

mine goes to savings/real estate

Asians

Are you implying real estate is going to collapse this year?

>friend of mine is in high school
>did a bunch of bitcoin autism
>he has 8.5 bitcoins now

>$20K
That's really not even that much.

on anything that i want.

This is a meme. I bought my house in 2010 in a suburb of Chicago and in 7 years my house has gone up almost 55%.

Dont buy in the ghetto, dont buy surrounded by families/old people, and you are just fine. Surplus houses are at the lowest levels in nearly 20 years and prices will go up accordingly.

Unless you think there is going to be a massive housing construction boom where millions of homes are built in the next year, your homes value will go up as long as it isnt in a family/old people area, or the ghetto

Here's where my income goes.

Rent
Car payment/gas/maintenance
Groceries
Various bills
Student loans

I have about 250dollars extra a month which I put into savings for emergencies. Last month my car shit out on me and that was 5 months savings gone.

I haven't gone out to eat in 3 years, been to a bar ever. I basically don't spend money on myself.

This is the world baby boomers created; I work 40 hours a week so my taxes fund their social security. I live like a peasant.

It apparently including all bank accounts, investments and property equity. You're better off than 90%

blow it all on traveling and drugs/drinks

I save 1/4 of my salary. Trying to save more.

stupid shit.

the moment they get their paycheck its all gone because they bought the new 10 dollar fidget spinner.

it's a dickload more than the vast majority in his age bracket

Bonus points for not blaming ((them)))

God this girls got the most dead, soulless expression I've ever seen.

Millenial still living with parents. I make about $40k a year and my job is very close to the house I grew up in. Also, I will inherit the house when they pass. I saved up to buy my first car and paying off my debt at a steady pace. My dad had to take a medical retirement after suffering an accident on the job so me and my mom take care of him.

I wish more people in my generation were like me.

I save my money or invest it in stuff that goes up in value over time (clothing, cryptocoins, etc.)

Millenials are cancer.. the last great generation was Gen X.

These numbers almost always work out to "total savings" IE checking, savings, 401k, pension, etc

They use to figure in "total net worth" but those numbers just got downright depressing around 2008 and never came back

name

>question about millennial
>bait picture
>a fucking leaf


I really hate these threads

eating out all the time and expensive clothing

It's old fucks, that's all there is to it.

Back in the day you could live on minimum wage, but costs have far outpaced wages. Now you need a college degree to live a decent life, and that's only once you pay that shit off.

If I hear one more Fox News motherfucker talk about entitled millenials wasting money while they wear a fancy suit and tie and take weekend vacations, I'll fucking shoot myself.

1983 here. I make about $50k, have just a bit over $10K in savings plus some extra in assets. I actually do have disposable income if I opt to spend it instead of putting it in to savings. The situation right now is that I can afford everything I need without a problem but I am a long way away from being able to afford a detached or semi-detached house. Unless of course I buy a beat up mobile home or something (i won't).

So i wait for Canadian housing market to crash (best) or at least cool considerably (acceptable). I live on the lower floor of a house on a hill, my suite is 50% ground level and 50% below ground level. $900/month.

RICED. WHITE "MEN" BTFO YET AGAIN

this. Also, checked

>Unless you think there is going to be a massive housing construction boom where millions of homes are built in the next year

i got some bad news for you.

she should do face siting porn

Depends on the definition. A lot of people define it different ways. For example for loans and mortgages you take off 40% of your gross wages...that is disposable. Other ways to define it is income after taxes and subtracting average living cost for your area.

But nearly everyone considers things like credit card bills, car payments, loans, cell bills, internet, etc to be Disposable.

Think of it this way. Will you be homeless and dead in a month if you dont have it? No? Then it is disposable.

We usually just spend it on hyper inflation.

>gen x
>great

HAHAHAHAA AHAHAHAHAA AHAHAHAHAHAHAHAAAAAAAA...

>surplus houses at lowest levels

there are still over 1,000,000 vacant homes in the US. Foreign injection + artificially low rates + shadow market (investor and bank owned) makes for a big fat correction. Your house just re-inflated since 2010. Take out the equity or lose it before it is too late. Unless you are in a highly-desired school district that you intend to stay and have a family in.

correction, not collapse. The housing prices in many states have exceeded the last bubble (2007.2008) levels...all while real-income has not increased and cost of living has gone up.

>still falling for the bitcoin meme

Good luck turning that 8.5 into real cash, he wont get close to 20k

Mostly alcohol. Usually just pirate any entertainment media I want. All of my money goes to bills so I can live in an apartment complex that is worse than the section 8 housing acrossed the street cuz I make too much to get government aide but not enough to not be struggling.

Improving my house

Just rebuilt the deck

I am 22 and have about 2k in the bank, 100 in checking, nothing invested
Who /dying poor/ here?

Came here to say this.

booze drugs and porn

Cry more while slapping your blackened hole ridden arm burnout

>Unless you are in a highly-desired school district that you intend to stay and have a family in.

You seem to not understand what people with money look for in a home. No one wants to live near families/kids unless they have kids themselves. The top 5 most expensive suburbs in Illinois also have extremely low rates of "families" You dont want to live near families, old people, or brown people. Fulfill those 3, and your home wont lose value pretty much ever.

Shit Barrington IL has one of the highest single/unmarried rates in the state, has next to 0% minorities, and in 2008 when the economy took a shit, home prices in Barrington still went up 2%