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

return2ozma@lemmy.world · 8 months ago

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

Th4tGuyII@kbin.social · 8 months ago

Ah, apologies I didn’t realise I was meant to starve and completely socially isolate myself in order to have enough money to put away savings.

Has anyone stopped to think the reason why the newer generations aren’t putting money away is because many of them don’t have that money because costs are going up and up while their pay is either stagnant or rising below the rate of inflation.

cybervseas@lemmy.world · 8 months ago

It’s okay, this article wasn’t written for you. It was written so boomers won’t feel bad about themselves.

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

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

Young adults are getting used to living on a financial cliff