Reply to I know why Millenials can't afford houses and pay off their student loans..

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[quote=Anonymous]I'm 35 almost 36 and am told that I am the oldest of the millenials.  I didn't get a cell phone until law school, and even then it was a prepaid.  To me, it's not generational differences.  Everyone says the same things about whoever is young right now.  It's socioeconomic differences.  I grew up blue collar working class and am very financially conservative and boring as a result.

I have an ipad and an iphone, but not the latest of each.  We have children, and childcare, and a house we bought 10 years ago when I worked in biglaw and we bought well under budget.  Served me well when getting laid off from biglaw.  The difference between the savers and the spenders was very apparent then!

Many younger millenials I see spend plenty of dining and bars, but they are all single and I can't say I wouldn't be doing the same thing.  To me, the big, big difference is all the travel.  Anything other than backpacking is, to me, a luxury--a life-altering, worldview-expanding luxury, but a luxury nonetheless, and to a t, all the younger millenials I know who do it are either subsidized by parents or have 10K+ in credit card debt to finance those trips.  [/quote]

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