#i am unusually spiteful abt this bc i am tired and writing this at 1:30 am. its going in my queue
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time-traveling-fetus · 10 months ago
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Unsurprisingly I don't think anyone here actually read the article. It isn't judging or criticizing. It doesn't put forth any opinion and barely puts a highlight on anyone else's opinion about what "should" be done. It is simply reporting what is happening. Much of it is stats and quotes from millennials. It's actually rather dry.
It covers increasing rent, inflation, interest rates, higher education, and how it makes budgeting and long-term planning harder for millennials/gen z. It also gives voice to millennial/gen z's pessimistic attitudes towards their own futures and why they calculate that short-term purchases have higher value.
Despite wealth gains, young adults’ financial pessimism has encouraged many to spend in ways that make them happy now, said Kyla Scanlon, author of “In This Economy? How Money & Markets Really Work.” “People are just exhausted, and so if you’re asking them to think five to 10 years in the future, well I can barely think about tomorrow,” she said. In an Intuit survey last month, two-thirds of Gen Zers said they weren’t confident they’d ever afford to retire, and nearly three-quarters hesitated to set long-term goals. Singla, a millennial, doesn’t feel much more certain about what steps to take.“If I had to leave my job and take a break or take a vacation, I used to feel comfortable we could do that,” he said. Now, “everything feels like a splurge.”
Honestly, I think most people complaining here would agree with the information presented in the article if they actually read it. Literally the first two sentences are about how some people feel they don't have a choice in determining their spending habits. Instead y'all just want somebody to yell at
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