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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am with OP, I drink coffee made at home, my teen DD wants Starbucks all the time. There is no way she will change once on her own. I hope she will, but hope is slim. It is our fault, for sure, to some extent. I refuse to buy her Starbucks more often than I buy it, but you can see almost all of her school at SB every morning getting coffee, so clearly other parents suports this as well. My BIL is paying a two weeks winter break trip for his college DS to Florida to get scuba certification.  No way would my parents or my DH's parents ever pay for anything like that at all.  DH worked to pay for his bike at 7 years old with a a weekend paper route. Truth is that new generations are more and more spoiled, and if we are to measure degrees of spoiled, I would say it is increasing more rapidly than in the past. We became pushover parents, who provided at our own expense for our kids, and kids are clueless how to fend for themselves. We are part of the problem. [/quote]

+1.  I'm 50, grew up outside NYC.  I had a job from about 12 onward -  delivering papers, bagging groceries, etc.  Worked every summer in college, and I did not grow up even remotely poor.   Last year, I paid for my kids to get officiating certifications in their sports - unless I take the initiative, they don't even bother to sign up for assignments.  I feel like I went wrong somewhere.  My spouse and I work like dogs - travel, long hours, etc.  I see younger people at my job come and go rather quickly, looking for some perfect job that is just not out there.  We had one guy that had to work a few weekends and quit within 6 mos.  Every generation is different early on, but eventually they all revert to the mean.  They eventually want homes, good schools, educations for their kids, safe streets.  Floating from job to job, collecting side hustles, not saving any money - none of this will look good from 40.  [/quote]

"Floating from job to job" --> studies show you make a ton more money that way because raises at current jobs don't often come. Sounds smart to me[/quote]

That works in the short term, but be prepared to need to reset things.  What happens is, in bad times, they are often the first ones let go -- they are more expensive.  And when things get tight, there could be industry down turns.

Or, let me give examples of experience:  I have worked through two downturns:

[list]the Dot bomb -> Post Y2K -> 9/11.  
[/list]
[list]The great recession
[/list]
In both cases, in the years leading up, job hopping was great for people.  During the dot.com era (error?), you could always find a job that paid more -- 20% more.  People were making fun of people that stayed put.  They were saying they had no ambition.  Personally, I was new in my career (PhD scientist, started working in my 30's post grad school).  But, I could have bounced between jobs and moved up salary.  I didn't.

Y2K and the .bomb happened, and my friends were out of work.  And no one was hiring.  The VC money that supported their growth was over.  My work was plodding along.  At the same time, Y2K remediation was over.  Double whammy.  And the so call web developers who worked on the front end of web pages?  Well tools evolved so the work was done by graphic artists rather than programmers.  (Programmers were still needed for the back end work).  Then, 9/11 happened.  For a few months, the economy just stopped.  No one hired because no one knew what would happen.  No one bought any thing big.  No one travels.  (I took a 1 week trip to an ocean front resort in Florida spending less than 1K).

So, some of those job hoppers, well, they were unemployed from 1999/2000 to 2002/2003.  When they got jobs, they typically were paid less than they were earning before.

This was primarily in IT jobs (pre 9/11).

Now, in 2007-2009, the job loss was much deeper.  I know many people who still have not recovered.
But, the first ones gone were the most expensive job hoppers.

My perspective is I have worked for the same company since 1995.  I have seen my salary grow from 50K to nearly 200K.  There are times when I was recruited to hop, but I noticed it was typically for 10% more; but less vacation (I get 5 weeks because of length of employment).  And there will be no good will.  For example, a while ago, I was having issues:  I was under performing/tired all the time.  If I was a new employee, I would have been (rightly) fired.  Instead, the change was noted; I agreed.  Eventually (after 4 months), we found the cause:  a large tumor.  The company supported me through the illness.  -- I am still not able to do everything I could be fore then.

So, when you job hop you loose the currency of good will.[/quote]

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