Millennials aren't cheap, they just have different spending priorities
11–15 of 15 posts
Re: Millennials aren't cheap, they just have different spending priorities
#12I think we'd be smarter as a society if we did away with the term "millenial". Pretending like "everyone under 35" is a group with common goals is too much.
But I know a bunch of people my age and younger, who aren't like that.
Some of my old school mates already had 2 marriages and 2-3 kids.
I have people at work who are 5-8 years younger than me and already have "planned" kids. They got houses, cars, holidays abroad.
Re: Millennials aren't cheap, they just have different spending priorities
#13I think after 10 years of being an adult and having relatively little money, it's not a question of whether I want a new car or not, it's just the simple matter of not being able to afford one. I can't afford to buy my own home even though I'd be saving money on the mortgage compared to the rent. I can't afford nice holidays even though it suggests I'm more inclined to do that. I think a better title would be "Millen…
Or maybe owning a home isn't as high a priority for you as it was for earlier generations? So high that you sacrifice a lot of other things, including living in a much more modest place than the one you are renting now?
Tastes change and all, but, end of the day, they are poor.
Re: Millennials aren't cheap, they just have different spending priorities
#14Earlier quoted context omitted.
Isn't this a mindset shared by every "generation" before us?
I think the difference this time is that the older generation is significantly larger than ever before. Also, IIRC, this generation will be the first to do worse financially than their parents generation. So taking the parents point - after enjoying a good standard of living and taking on a huge amount of debt they couldn't afford, contributing to the great recession, the older generations have now decided that the s…
Re: Millennials aren't cheap, they just have different spending priorities
#15I think after 10 years of being an adult and having relatively little money, it's not a question of whether I want a new car or not, it's just the simple matter of not being able to afford one. I can't afford to buy my own home even though I'd be saving money on the mortgage compared to the rent. I can't afford nice holidays even though it suggests I'm more inclined to do that. I think a better title would be "Millen…
I just went looking for an example to put some actual numbers behind this - and I couldn't. I picked the most unassuming car I could think of (a 2006 Nissan Micra, €1500-€2000), and went looking for an insurance quote.
For a 35-year-old on a brand new license, with the dullest, most economical car I could think of - I couldn't find anyone willing to even offer me a quote. They'll let me put myself as a named driver on someone else's policy - but as my family don't live in this country, that's not an option.
Every time I read various articles about various industries complaining that 'millennials' not providing the business they expect from us, I just end up screaming at the monitor.
I won't buy a car because they won't let me. If they won't even allow me to bend over, they can't complain I'm not letting them screw me.