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.
That’s what angers me about these articles. Millennials graduated high school to the Dot Com burst. We took out a bunch of student loans after not being able to find any work, graduated to the great recession. Spent a decade trying to pay down our student loans to 0 effect. Then got hit with the pandemic. We’ve given up on there being a future. Why the fuck should I put money in a 401k to prop up billionaires’ fortunes? My wages are never going to be enough to retire. I might as well have some fun now while my body isn’t completely broken.
That’s what angers me about these articles. Millennials graduated high school to the Dot Com burst. We took out a bunch of student loans after not being able to find any work, graduated to the great recession. Spent a decade trying to pay down our student loans to 0 effect. Then got hit with the pandemic. We’ve given up on there being a future. Why the fuck should I put money in a 401k to prop up billionaires’ fortunes? My wages are never going to be enough to retire. I might as well have some fun now while my body isn’t completely broken.