Price the stereotypical "Basic Millennial" lifestyle

[Anonymous]

Anonymous wrote:Based on my UMC millennial friends that list is a little cheap

Rent- a hip and trendy neighborhood like Logan Circle: $2500
Utilities- basic stuff with Netflix, hulu, amazon prime subscriptions
Gym membership- $100-$150
Travel- $10k-$20k 2-3 international trips + weekend trips

Yup, we are UMC DINK late 20s millennials and this is us and most of our friends. Would add in dog / pet costs of a few hundred a month (dog daycare $35 a day), almost all our friends have dogs. The travel in particular -- multiple international trips and weekend trips (so many weddings) are the norm and our largest discretionary expense. 400K HHI.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Based on my UMC millennial friends that list is a little cheap

Rent- a hip and trendy neighborhood like Logan Circle: $2500
Utilities- basic stuff with Netflix, hulu, amazon prime subscriptions
Gym membership- $100-$150
Travel- $10k-$20k 2-3 international trips + weekend trips

Yup, we are UMC DINK late 20s millennials and this is us and most of our friends. Would add in dog / pet costs of a few hundred a month (dog daycare $35 a day), almost all our friends have dogs. The travel in particular -- multiple international trips and weekend trips (so many weddings) are the norm and our largest discretionary expense. 400K HHI.

What do you do?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Curious what it would say about the millennial stereotype of being entitled/spoiled/too many lifestyle demands for what they work for.

And yes, as an elder millennial myself, I am perfectly aware that many millennials do NOT live like this. It's stereotyping how people THINK millennials live, or what's marketed to them.

- Apartment near a metro station in Adams Morgan, Arlington or DTSS. Shared with one roommate or partner. No children.
- No car, uses transit + a handful of uber or lyft trips.
- Student loan payments of say, $300/month.
- iPhone + unlimited data.
- Utilities including fios and Netflix, Hulu, and HBO NOW, split with roommate or partner.
- Gym membership with trendy yoga/pilates/barre classes.
- Twice a week Pumpkin Spice Lattes at Starbucks or fancy hipster coffee shop.
- Twice a week fast-casual or office-cafeteria lunches.
- Weekly brunch with bottomless mimosas.
- Groceries from a "normal people" store like Safeway, Aldi, or Giant...supplemented by farmers market produce.
- Weekly happy hours.
- Yearly vacation (international flight, but with lower-cost hostel. Some shopping, mixed restaurants and street food, drinking/going out).
- Weekly "night out on the town" involving a few drinks and a Lyft ride
- Semi-yearly wardrobe updates of professional and "athleisure" clothing.
-Whatever else you can think of that fits

$90k a year, or $180k with a partner. But this is if you save very little of your money. My bf and I make about $200k a year together and we do like half of that stuff. It's nicer to see savings/retirement steadily climbing.

I feel like we're at a pretty f*cked up place in our society when twice a week cafeteria style fast casual lunches is considered some major extravagance. The only actually luxurious thing on this list is the fancy gym. Ooh takeout coffee twice a week - how dare anyone spend $11 on a delicious treat.

Nobody said that line item was extravagant. The amalgamation of ALL those items above is extravagance. It's all about priorities. If weekly lunches and bar nights are important to you, by all means, go for it. But cut back else where. You can't have everything unless you're making fu money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Curious what it would say about the millennial stereotype of being entitled/spoiled/too many lifestyle demands for what they work for.

And yes, as an elder millennial myself, I am perfectly aware that many millennials do NOT live like this. It's stereotyping how people THINK millennials live, or what's marketed to them.

- Apartment near a metro station in Adams Morgan, Arlington or DTSS. Shared with one roommate or partner. No children.
- No car, uses transit + a handful of uber or lyft trips.
- Student loan payments of say, $300/month.
- iPhone + unlimited data.
- Utilities including fios and Netflix, Hulu, and HBO NOW, split with roommate or partner.
- Gym membership with trendy yoga/pilates/barre classes.
- Twice a week Pumpkin Spice Lattes at Starbucks or fancy hipster coffee shop.
- Twice a week fast-casual or office-cafeteria lunches.
- Weekly brunch with bottomless mimosas.
- Groceries from a "normal people" store like Safeway, Aldi, or Giant...supplemented by farmers market produce.
- Weekly happy hours.
- Yearly vacation (international flight, but with lower-cost hostel. Some shopping, mixed restaurants and street food, drinking/going out).
- Weekly "night out on the town" involving a few drinks and a Lyft ride
- Semi-yearly wardrobe updates of professional and "athleisure" clothing.
-Whatever else you can think of that fits

$90k a year, or $180k with a partner. But this is if you save very little of your money. My bf and I make about $200k a year together and we do like half of that stuff. It's nicer to see savings/retirement steadily climbing.

I feel like we're at a pretty f*cked up place in our society when twice a week cafeteria style fast casual lunches is considered some major extravagance. The only actually luxurious thing on this list is the fancy gym. Ooh takeout coffee twice a week - how dare anyone spend $11 on a delicious treat.

Nobody said that line item was extravagant. The amalgamation of ALL those items above is extravagance. It's all about priorities. If weekly lunches and bar nights are important to you, by all means, go for it. But cut back else where. You can't have everything unless you're making fu money.

But they don’t have everything. The example above includes a housemate and doesn’t have a car. In DC, that’s a month, depending on variables. Even at the low end, that’s enough to pay for lunches, happy hours, brunches, coffee, and fancy gym memberships.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Curious what it would say about the millennial stereotype of being entitled/spoiled/too many lifestyle demands for what they work for.

And yes, as an elder millennial myself, I am perfectly aware that many millennials do NOT live like this. It's stereotyping how people THINK millennials live, or what's marketed to them.

- Apartment near a metro station in Adams Morgan, Arlington or DTSS. Shared with one roommate or partner. No children.
- No car, uses transit + a handful of uber or lyft trips.
- Student loan payments of say, $300/month.
- iPhone + unlimited data.
- Utilities including fios and Netflix, Hulu, and HBO NOW, split with roommate or partner.
- Gym membership with trendy yoga/pilates/barre classes.
- Twice a week Pumpkin Spice Lattes at Starbucks or fancy hipster coffee shop.
- Twice a week fast-casual or office-cafeteria lunches.
- Weekly brunch with bottomless mimosas.
- Groceries from a "normal people" store like Safeway, Aldi, or Giant...supplemented by farmers market produce.
- Weekly happy hours.
- Yearly vacation (international flight, but with lower-cost hostel. Some shopping, mixed restaurants and street food, drinking/going out).
- Weekly "night out on the town" involving a few drinks and a Lyft ride
- Semi-yearly wardrobe updates of professional and "athleisure" clothing.
-Whatever else you can think of that fits

$90k a year, or $180k with a partner. But this is if you save very little of your money. My bf and I make about $200k a year together and we do like half of that stuff. It's nicer to see savings/retirement steadily climbing.

I feel like we're at a pretty f*cked up place in our society when twice a week cafeteria style fast casual lunches is considered some major extravagance. The only actually luxurious thing on this list is the fancy gym. Ooh takeout coffee twice a week - how dare anyone spend $11 on a delicious treat.

Nobody said that line item was extravagant. The amalgamation of ALL those items above is extravagance. It's all about priorities. If weekly lunches and bar nights are important to you, by all means, go for it. But cut back else where. You can't have everything unless you're making fu money.

But they don’t have everything. The example above includes a housemate and doesn’t have a car. In DC, that’s a month, depending on variables. Even at the low end, that’s enough to pay for lunches, happy hours, brunches, coffee, and fancy gym memberships.

Meant to say that housemates/no car is saving $600-$1500 a month. Not sure how that got cut out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Based on my UMC millennial friends that list is a little cheap

Rent- a hip and trendy neighborhood like Logan Circle: $2500
Utilities- basic stuff with Netflix, hulu, amazon prime subscriptions
Gym membership- $100-$150
Travel- $10k-$20k 2-3 international trips + weekend trips

Yup, we are UMC DINK late 20s millennials and this is us and most of our friends. Would add in dog / pet costs of a few hundred a month (dog daycare $35 a day), almost all our friends have dogs. The travel in particular -- multiple international trips and weekend trips (so many weddings) are the norm and our largest discretionary expense. 400K HHI.

What do you do?

biotech (business side) + CS tech entrepreneur. we have undergrad backgrounds in engineering and transitioned to the business side -- though my fiancee would be making 2X what he does now if he stayed in bigtech instead of starting his own company. we have no student loans (generous immigrant parents hyperfocused on supporting my education for me, full financial aid for him), a relatively low mortgage from buying a townhouse in 2013 and save 50% of our take home + max retirement accounts with this lifestyle.

[Anonymous]

Rent 800-2500 depending on if shared or not
Transportation big savings here since many folks don't have a car 200-500+ a month
Food 50-250 a week 200-1000 a month
Entertainment 50-250 a week 200-1000 a month
Gym 0-150 a month
Loans 0-750 a month
Travel 250-1000 a month


So all in I think most millenials are spending around

1650 on the low end to 6900 on the high end which makes sense

19800-82800 a year

low end is your non-profit and starting out types in the 30s and high end is your 100k+ types

and say 1000 bucks a year for clothes

[Anonymous]

Anonymous wrote:$80-100K for the individual

I was going to say $80k too, maybe a bit more

[Anonymous]

Anonymous wrote:Curious what it would say about the millennial stereotype of being entitled/spoiled/too many lifestyle demands for what they work for.

And yes, as an elder millennial myself, I am perfectly aware that many millennials do NOT live like this. It's stereotyping how people THINK millennials live, or what's marketed to them.

- Apartment near a metro station in Adams Morgan, Arlington or DTSS. Shared with one roommate or partner. No children.
- No car, uses transit + a handful of uber or lyft trips.
- Student loan payments of say, $300/month.
- iPhone + unlimited data.
- Utilities including fios and Netflix, Hulu, and HBO NOW, split with roommate or partner.
- Gym membership with trendy yoga/pilates/barre classes.
- Twice a week Pumpkin Spice Lattes at Starbucks or fancy hipster coffee shop.
- Twice a week fast-casual or office-cafeteria lunches.
- Weekly brunch with bottomless mimosas.
- Groceries from a "normal people" store like Safeway, Aldi, or Giant...supplemented by farmers market produce.
- Weekly happy hours.
- Yearly vacation (international flight, but with lower-cost hostel. Some shopping, mixed restaurants and street food, drinking/going out).
- Weekly "night out on the town" involving a few drinks and a Lyft ride
- Semi-yearly wardrobe updates of professional and "athleisure" clothing.
-Whatever else you can think of that fits

Well I’m a gen Xer and this is exactly how me and my friends used to live when we were 20 somethings in Dc back in the late 99’s-early 2000’s. Of course minus the big student loan. And we had the basic cell phone but other than that our money was spent on similar things. Guess we ‘re not all that diffierent after all. Except we didn’t complain and whine about it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Curious what it would say about the millennial stereotype of being entitled/spoiled/too many lifestyle demands for what they work for.

And yes, as an elder millennial myself, I am perfectly aware that many millennials do NOT live like this. It's stereotyping how people THINK millennials live, or what's marketed to them.

- Apartment near a metro station in Adams Morgan, Arlington or DTSS. Shared with one roommate or partner. No children.
- No car, uses transit + a handful of uber or lyft trips.
- Student loan payments of say, $300/month.
- iPhone + unlimited data.
- Utilities including fios and Netflix, Hulu, and HBO NOW, split with roommate or partner.
- Gym membership with trendy yoga/pilates/barre classes.
- Twice a week Pumpkin Spice Lattes at Starbucks or fancy hipster coffee shop.
- Twice a week fast-casual or office-cafeteria lunches.
- Weekly brunch with bottomless mimosas.
- Groceries from a "normal people" store like Safeway, Aldi, or Giant...supplemented by farmers market produce.
- Weekly happy hours.
- Yearly vacation (international flight, but with lower-cost hostel. Some shopping, mixed restaurants and street food, drinking/going out).
- Weekly "night out on the town" involving a few drinks and a Lyft ride
- Semi-yearly wardrobe updates of professional and "athleisure" clothing.
-Whatever else you can think of that fits

Well I’m a gen Xer and this is exactly how me and my friends used to live when we were 20 somethings in Dc back in the late 99’s-early 2000’s. Of course minus the big student loan. And we had the basic cell phone but other than that our money was spent on similar things. Guess we ‘re not all that diffierent after all. Except we didn’t complain and whine about it.

Pp again. And we definately took more vacations, mostly within the US but some international too. Everyone went to Europe the first summer or two after college at a minimum.

[Anonymous]

This was my husband and I back in our 20s before kids. We are late millennials (1983). We lived in the city and do weekly happy hours and dinners out. One car payment and a very expensive apartment and student loans. HHI in our late 20s/early 30s before kids was around $200-250k.

Now we are in our kid 30s with two kids and live in Virginia in a sfh. HHI is now $450k.

[Anonymous]

Anonymous wrote:This was my husband and I back in our 20s before kids. We are late millennials (1983). We lived in the city and do weekly happy hours and dinners out. One car payment and a very expensive apartment and student loans. HHI in our late 20s/early 30s before kids was around $200-250k.

Now we are in our kid 30s with two kids and live in Virginia in a sfh. HHI is now $450k.

Sorry grammar - we did weekly happy hours.

We are in our mid 30s now!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Curious what it would say about the millennial stereotype of being entitled/spoiled/too many lifestyle demands for what they work for.

And yes, as an elder millennial myself, I am perfectly aware that many millennials do NOT live like this. It's stereotyping how people THINK millennials live, or what's marketed to them.

- Apartment near a metro station in Adams Morgan, Arlington or DTSS. Shared with one roommate or partner. No children.
- No car, uses transit + a handful of uber or lyft trips.
- Student loan payments of say, $300/month.
- iPhone + unlimited data.
- Utilities including fios and Netflix, Hulu, and HBO NOW, split with roommate or partner.
- Gym membership with trendy yoga/pilates/barre classes.
- Twice a week Pumpkin Spice Lattes at Starbucks or fancy hipster coffee shop.
- Twice a week fast-casual or office-cafeteria lunches.
- Weekly brunch with bottomless mimosas.
- Groceries from a "normal people" store like Safeway, Aldi, or Giant...supplemented by farmers market produce.
- Weekly happy hours.
- Yearly vacation (international flight, but with lower-cost hostel. Some shopping, mixed restaurants and street food, drinking/going out).
- Weekly "night out on the town" involving a few drinks and a Lyft ride
- Semi-yearly wardrobe updates of professional and "athleisure" clothing.
-Whatever else you can think of that fits

$90k a year, or $180k with a partner. But this is if you save very little of your money. My bf and I make about $200k a year together and we do like half of that stuff. It's nicer to see savings/retirement steadily climbing.

I feel like we're at a pretty f*cked up place in our society when twice a week cafeteria style fast casual lunches is considered some major extravagance. The only actually luxurious thing on this list is the fancy gym. Ooh takeout coffee twice a week - how dare anyone spend $11 on a delicious treat.

Nobody said that line item was extravagant. The amalgamation of ALL those items above is extravagance. It's all about priorities. If weekly lunches and bar nights are important to you, by all means, go for it. But cut back else where. You can't have everything unless you're making fu money.

But they don’t have everything. The example above includes a housemate and doesn’t have a car. In DC, that’s a month, depending on variables. Even at the low end, that’s enough to pay for lunches, happy hours, brunches, coffee, and fancy gym memberships.

The point is, sure you don't need a high salary to afford all those items above, but to afford them while saving enough for other bigger goals will need a considerable salary. If a higher than average salary isn't an option, then it's better to pick and choose from that list. "Everything" in this context is "everything that you wanna do", not "everything under the Sun".

[Anonymous]

Anonymous wrote:I'm also an elder millennial (1982) and I don't get this. Millennials are too big of a "generation" span, and many are in their very late 20s or in their 30s. They're not Netflix originals characters. They're going to work at a 9-5 (or a 9-7) and getting coffee 6 days a week and returning home at the end of the day, many to a spouse or kids.

I have a 10 year old so my life is not as your describe, and come to think of it, I don't really know other millennials like that either.

1983 with a 10 year old here. And my life is not as listed at all either. I’m Emily, you too or are you Sarah?