It’s nice to be on mom & dad’s medical insurance until 26. All Gen Z’ers are currently 26 or under. |
| Young people only need 1/2 the income of older people so less drive |
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This is wonderful that they are choosing themselves. Many of these so called advances and promotions will mean more money on clothing, lunches or more time and energy. In the end what it is it all for? I am a Gen X and my supervisor always tells me, "this would look great on your resume". I have no interest in ever interviewing for another job. I want to end my career at 50 and focus on my creative project. I live simply and don't want any new possessions, mortgages, car payments and obligations.
My older baby boomer relatives don't know why I don't want more responsibility. But they all seemed so stressed with their big houses, cars, timeshares and other burdens. |
| I am gen z and feel that way too. |
He wants to advance just not doing the BS you do. He would rather advance doing his own BS. |
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My cousin started out with a YouTube channel playing video games. He's monetized it. I don't know if he's on Twitch or something else now.
They have more options with that Internet thingy than past generations. LoL. |
So this is beautifully idealistic and all but are all Gen Z independently wealthy? To abide by this life mantra they must live off of parents' savings, gifts, trust, inheritance, etc. I love the premise but am confused by the real world application. This is the same generation who takes to Twitter to non-stop complain about how expensive life is, how they cannot afford a house, blame boomers for the high cost of living, and so forth ...but they don't want to work? I have a feeling that it'll be fun for a few years when they're young. We'll hear a different tune in a decade when they're mid-late thirties and have no savings. Living life as an influencer is short lived and revenue - if any - will shortly dry up |
I think they’re not independent by any metric. But once you’ve given up on affording housing on your own you have a lot more slack in the budget. |
| Most Gen Zers have yet to pay their first insurance premium. |
This. They’re all under age 26. Very easy to take job after job for 12 months often as independent contractor or play video games on social media when you aren’t shelling out for health insurance, are young enough that health is no issue, and have no dependents who need to see pediatricians regularly. |
Ok. So where do they live? Everyone needs to live somewhere and salary to cover rent or mortgage. Honestly, I think GenZ is going to have a sobering wake up call, as they're so far removed from reality than older generations |
GenZ are not going to have kids. They don’t need the same expensive housing and plan to work remotely in cheaper locations. It may not work out that way, but there is ZERO chance that most of them can hustle enough to actually afford homes. Not everyone gets to be a BigLaw partner or CEO — and they saw their parents grind away and then be laid off from middle management at 50. |
GenZ's parents are Gen-X. They were not laid off at 50. Not anywhere close. And if GenZ wants to move to cheaper cities, they can make housing happen. Staying in DC, SF, NY, or LA isn't going to work. I think Gen Z is just the social media generation. Their dreams are created by IG and TikTok. It's a different world. |
Rent one of those apartments in mix use complex CRE developers built. I rented my entire life, not ideal. But my boss can fire me and my kids will be able to afford their overpriced lessons for another 5 years. |
In mom’s basement |