Price the stereotypical "Basic Millennial" lifestyle

[Anonymous]

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

[Anonymous]

$80-100K for the individual

[Anonymous]

I'd make the student loan payment $600 and the job pays less than $70k. They are priced out of real estate.

[Anonymous]

What is the point of this post?

[Anonymous]

Anonymous wrote:What is the point of this post?

Yeah, I'm not getting what you're asking? For us to suggest what it costs for each of these items? For us to ballpark what income millennials generally make? Most of us are approaching or well into our 30s. So whether or not this "lifestyle" is affordable for grown adults is sort of becoming an irrelevant discussion.

[Anonymous]

As a millennial, I really don't get the obsession with us or stereotypes

[Anonymous]

Anonymous wrote:I'd make the student loan payment $600 and the job pays less than $70k. They are priced out of real estate.

This. That student loan payment needs to be at least $600. Most likely more if you went to a good private.

Sincerely,

Every law, econ Masters/PHD, and MBA in DC

[Anonymous]

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.

[Anonymous]

100k per person or 200k hhi.

[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.

I’m 33 and while this doesn’t resemble my life at all, I know plenty of people my age with exactly this lifestyle except most of them live in Navy Yard nowadays.

[Anonymous]

When I was in my late 20s, early 30s I had the lifestyle you described. When I made $50-65k, I went to a lot of house parties and packed my lunch. When I made $65-80k, I probably bought lunch and coffee every day but my loans were paid off. When I made $80-100k, it was very comfortable and I was able to save for a house. You could probably do it for less with a group house instead of 1 roommate. I aggressively paid down my loans and have maxed out my retirement from early on. I’d say $65-75k is the sweet spot if you aren’t saving money.

[Anonymous]

$600k student loan balance with 15% wage garnishment.
Body hair removal/cultivation.
Uber monthly pass.
Vintage video game library.

[Anonymous]

Anonymous wrote:

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.

I’m 33 and while this doesn’t resemble my life at all, I know plenty of people my age with exactly this lifestyle except most of them live in Navy Yard nowadays.

But I think our (PPs) point is that at 33, most people are 10 years into a career and making enough money to afford their lifestyle choices, therefore making the whole "entitlement" thing a moot point.

[Anonymous]

I'm a millennial and I have a question, ala Regina George: Like, why are you so obsessed with us?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

I’m 33 and while this doesn’t resemble my life at all, I know plenty of people my age with exactly this lifestyle except most of them live in Navy Yard nowadays.

But I think our (PPs) point is that at 33, most people are 10 years into a career and making enough money to afford their lifestyle choices, therefore making the whole "entitlement" thing a moot point.

Ha -- yes. It's like all these people think we're all 24 years old and single.

Millennials are, at this point, anywhere from 23-38 years old.