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.
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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.