Fed Says Millennials Are Just Like Their Parents, Only Poorer
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Re: Fed Says Millennials Are Just Like Their Parents, Only Poorer
#2From the article:
“What’s old is new again. The paper observes that some of the millennials’ parents were subject to similar baseless grumbles of "kids these days" from their elders.”
I don’t know though. Seems like part of the nastiness of the times is the baby boomers constantly taking jabs at millennials. Perhaps the silent generation complained the boomers weren’t “frugal enough” but I have a hard time believing they had such widespread disdain for their kids as the boomers do. Anyone seen any research that quantifies that?
Re: Fed Says Millennials Are Just Like Their Parents, Only Poorer
#3From the article: “What’s old is new again. The paper observes that some of the millennials’ parents were subject to similar baseless grumbles of "kids these days" from their elders.” I don’t know though. Seems like part of the nastiness of the times is the baby boomers constantly taking jabs at millennials. Perhaps the silent generation complained the boomers weren’t “frugal enough” but I have a hard time believing…
I don't think that was any less in previous generations. I seem to recall hearing about a lot of grumbling about people protesting the Vietnam war, for example.
Re: Fed Says Millennials Are Just Like Their Parents, Only Poorer
#4Millenials are killing everything. Except the economy. Boomers killed that.
Re: Fed Says Millennials Are Just Like Their Parents, Only Poorer
#5From the article: “What’s old is new again. The paper observes that some of the millennials’ parents were subject to similar baseless grumbles of "kids these days" from their elders.” I don’t know though. Seems like part of the nastiness of the times is the baby boomers constantly taking jabs at millennials. Perhaps the silent generation complained the boomers weren’t “frugal enough” but I have a hard time believing…
> I have a hard time believing they had such widespread disdain for their kids as the boomers do
It's always interesting when I hear boomers complain about millennials. Didn't they have an influence on raising the same generation they complain about?
Re: Fed Says Millennials Are Just Like Their Parents, Only Poorer
#6It's funny how this "generation" thing only quite exists (as far as I know) in the English-speaking world. There is no such idea of generations of people where I come from. It's hard for me to even grasp the idea of it. Who draws a line between generations and why? People do not stop being born, nor do they magically change because they supposedly belong to an imaginary generation.
Am I missing something?
Re: Fed Says Millennials Are Just Like Their Parents, Only Poorer
#7Millenials are killing everything. Except the economy. Boomers killed that.
Don't forget environment.
But they leave very nice government debt behind, so millenials have something to solve after they pay out their student ones and pay boomers pensions.
Re: Fed Says Millennials Are Just Like Their Parents, Only Poorer
#8While the article itself is talking specifically about spending habits on physical goods vs 'experiences', the subject line could be better worded.
IMHO Millenials tend to be more aware of their financial weakness at a younger age relative to their older cohorts, thus resulting in more risk adverse behavior.
Re: Fed Says Millennials Are Just Like Their Parents, Only Poorer
#9It's funny how this "generation" thing only quite exists (as far as I know) in the English-speaking world. There is no such idea of generations of people where I come from. It's hard for me to even grasp the idea of it. Who draws a line between generations and why? People do not stop being born, nor do they magically change because they supposedly belong to an imaginary generation. Am I missing something?
It’s not set in stone but these generations exist everywhere. Say one generation had to fight in war and one didn’t. You’ll see major differences in their personalities.
Re: Fed Says Millennials Are Just Like Their Parents, Only Poorer
#10It's funny how this "generation" thing only quite exists (as far as I know) in the English-speaking world. There is no such idea of generations of people where I come from. It's hard for me to even grasp the idea of it. Who draws a line between generations and why? People do not stop being born, nor do they magically change because they supposedly belong to an imaginary generation. Am I missing something?
You don't work in marketing/advertising. Companies need to segment populations of consumers with similar characteristics to effectively advertise, tailor products, and sell to them. One of the most common demographic dividers is age. Different "generations" are grouped together because the members of their population exhibit similar income and expenditure patterns on average.