"scar" consumption? Or immunize against compulsive consumption?
Keep in mind, this article is from a business school website. The perspective is going to be skewed towards whatever is perceived towards benefitting businesses.
Price shocks in formative years scar consumption for life
61–70 of 478 posts
Re: Price shocks in formative years scar consumption for life
#62Earlier quoted context omitted.
Maybe "plenty" need healthcare but all of them need housing. This sounds like some boomer whining about their issues and pretending to care about millennials.
Me or the article? No need to go on the attack btw, I was pointing out the privilege / falsehood rooted in saying young folks don't need healthcare. I stand by my statement, healthcare is much easier to solve (we have examples of places doing it right). AND we can try to tackle both.
Is it? What countries is it solved in? Do their demographics look like ours (hint: no.) Most of us get by just fine without healthcare. Some of us certainly could use it but that's not what nearly all of us care about right now, that is in every way another problem for old people (and probably another way they're going to fuck us all over.)
Edit: No Australia is mostly White with the largest minority (5%) being Chinese. Try again. Also, I'm done empathizing; I'm warning/threatening everyone.
Re: Price shocks in formative years scar consumption for life
#63Being poor in general, during your childhood, scars you for life. It makes you penny wise and pound foolish, adverse to taking risks in your career and investments, can destroy your confidence in yourself, while always having to look over your shoulder monetarily speaking. Habits that even after you remove poverty from your live, you still feel the the anxiety and triggers in your head.
I'll never have another credit card. Frequent flyer miles, what are those? The whole industry can go fuck themselves.
If you're able to live without the credit aspects of the credit card, why not take the 1-2% discount on nearly everything consumable that you buy?
If you pay it off every month, credit cards have a negative cost (to you) and a fair amount of convenience (for renting cars, hotels, booking flights, etc).
Re: Price shocks in formative years scar consumption for life
#64Earlier quoted context omitted.
Honestly fuck the medical system, young people don't care. Housing is what's really getting us. Some days I feel like driving up to McLean and burning banks down. EDIT: I'm out of comment quota but dymk I'm so tired of hearing that, here's my reply: Oh fuck off. I make six figures and work remotely. My family lives in a rural part of a small state and I can't afford a house within driving distance of them. EDIT2: Ass…
I’m a very well off millennial. My fiancé and I both have high paying tech jobs. We easily make the income of multiple families. That being said we are strained to buy a 3-bedroom house like that of my single Mother who only has a high school education to her name. Given our success, we don’t have the “burn it all down” mentality but I fear it building in many of my friends and totally understand the sentiment of thi…
Depends on where you want to buy. SF? Probably not going to happen. Almost anywhere else? Houses are plenty affordable.
Re: Price shocks in formative years scar consumption for life
#65I worked in a grocery store in the late '90s, and the older customers (who grew up in the Great Depression) always carried penny pouches, because they remembered a time when one had to keep track of cents to survive. This is how I know that, even if we miraculously fixed our medical system tomorrow and outlawed private health insurance by a constitutional amendment, we'll still have, thirty years from now, 60-year-ol…
Honestly fuck the medical system, young people don't care. Housing is what's really getting us. Some days I feel like driving up to McLean and burning banks down. EDIT: I'm out of comment quota but dymk I'm so tired of hearing that, here's my reply: Oh fuck off. I make six figures and work remotely. My family lives in a rural part of a small state and I can't afford a house within driving distance of them. EDIT2: Ass…
Obligatory Fight Club reference.
Fight club: people fed up with the system decide to blow it up, release date movie 1999, book 1996.
Millenials: people born 1981-1996, thus a critical mass hits adolescence when Fight Club is released.
Re: Price shocks in formative years scar consumption for life
#66Is it fair to conclude that fossil fuel price shocks are good for the planet? If everyone experiences them early then we will all reduce our carbon footprint for life and slow global warming?
The article addresses that a bit. The effect is small and they are still driving everywhere alone (instead of public transport) so the authors say that electric vehicles are the only way out.
Re: Price shocks in formative years scar consumption for life
#67I remember there not being seconds at supper (1960s), Mom would serve, deciding how much everyone got: Dad first, then each of four kids, then herself. I know this is part of who I am, and some of why the house is stuffed. My wife laughs at how much clothing I have, because I still have clothes from 1979. Well, mostly she laughs at my stuff from the Eighties. But I remember shopping at Goodwill or my mom making everything we wore. It's not worth the anxiety to not-have.
Re: Price shocks in formative years scar consumption for life
#68Earlier quoted context omitted.
Me or the article? No need to go on the attack btw, I was pointing out the privilege / falsehood rooted in saying young folks don't need healthcare. I stand by my statement, healthcare is much easier to solve (we have examples of places doing it right). AND we can try to tackle both.
Is it? What countries is it solved in? Do their demographics look like ours (hint: no.) Most of us get by just fine without healthcare. Some of us certainly could use it but that's not what nearly all of us care about right now, that is in every way another problem for old people (and probably another way they're going to fuck us all over.) Edit: No Australia is mostly White with the largest minority (5%) being Chine…
Honestly, to me, this sounds more like an older person take than a young person take (ironic given your claim of boomer whining). America is not exceptional! Talking about demographics / geography, all that bs is how we get rooted in thinking America can't learn from other countries or change.
Australia, for one, does a massively wonderful job with healthcare. My friends there, young by the way, love the healthcare there. But, like us, the housing market is awful. Well, worse honestly.
And this is one of many countries who have great social healthcare.
I don't think you're talking to me in good faith though given you've fallen back to "most of us get by just fine without healthcare". I'm young, like you, and I need healthcare. Plenty of my friends do too, especially some with rare conditions like narcolepsy.
Did you honestly accept in an earlier comment that plenty need healthcare?
It sounds to me like you want someone to confirm your viewpoints rather than to talk / learn / empathize with others.
Re: Price shocks in formative years scar consumption for life
#69I worked in a grocery store in the late '90s, and the older customers (who grew up in the Great Depression) always carried penny pouches, because they remembered a time when one had to keep track of cents to survive. This is how I know that, even if we miraculously fixed our medical system tomorrow and outlawed private health insurance by a constitutional amendment, we'll still have, thirty years from now, 60-year-ol…
My grandma did this. Never left a penny on the sidewalk, always took the bread from a breadbasket home. Even my parents absorbed some of that behavior despite being born in the next generation.
> always took the bread from a breadbasket home
Care to explain it to non native speaker from Europe? Is it some bakery chain and she took home some cheap/free leftover bread?
Re: Price shocks in formative years scar consumption for life
#70Earlier quoted context omitted.
I’m a very well off millennial. My fiancé and I both have high paying tech jobs. We easily make the income of multiple families. That being said we are strained to buy a 3-bedroom house like that of my single Mother who only has a high school education to her name. Given our success, we don’t have the “burn it all down” mentality but I fear it building in many of my friends and totally understand the sentiment of thi…
At least you have a partner. If you're on your own you're absolutely fucked. Not only are you alone but everyone else is out to get you. When we have the crunch in the near future I could see me and my peers torching things. I don't even worry about this anymore; I look forward to it.
House prices more than doubled since 1965, yet incomes barely increased.
https://wtfhappenedin1971home.files.wordpress.com/2021/12/un...
