Anonymous
04/27/2019 10:40
Subject: Re:Wells Fargo ad about millennials eating out
Perhaps this has been addressed earlier in the thread, but this notion that the only people who suffered in an economic downturn are new graduates is really ignorant. Do Millennials really think Gen Xers weren’t affected by the most recent financial crisis just because they didn’t graduate from college in 2008?
I’m a Gen Xer. I had a baby in 2008, and my law firm went under less than two weeks after my baby was born so I had no job to come back to (and when my colleagues were jumping ship, the firms they went to had no interest in taking on someone not ready to start that week since they had so many candidates to choose from). No one else was hiring so I had to find whatever crap job would keep a roof over our heads. If I’d been younger and didn’t have to worry about childcare, I would have had more options, but instead I had to take a garbage non-attorney job that became a blight on my resume and derailed my career even after the economy recovered.
So excuse me if I don’t see Millennials as some uniquely economically-oppressed group. You weren’t the only ones who suffered in the financial crisis. Nor were the Gen Xers, there were plenty of Boomers who lost jobs (and a huge about of their retirement funding, for those who were relying on pensions) and then had to battle against age discrimination in trying to find new jobs. They didn’t have it easy either.
I’m a Gen Xer. I had a baby in 2008, and my law firm went under less than two weeks after my baby was born so I had no job to come back to (and when my colleagues were jumping ship, the firms they went to had no interest in taking on someone not ready to start that week since they had so many candidates to choose from). No one else was hiring so I had to find whatever crap job would keep a roof over our heads. If I’d been younger and didn’t have to worry about childcare, I would have had more options, but instead I had to take a garbage non-attorney job that became a blight on my resume and derailed my career even after the economy recovered.
So excuse me if I don’t see Millennials as some uniquely economically-oppressed group. You weren’t the only ones who suffered in the financial crisis. Nor were the Gen Xers, there were plenty of Boomers who lost jobs (and a huge about of their retirement funding, for those who were relying on pensions) and then had to battle against age discrimination in trying to find new jobs. They didn’t have it easy either.
Anonymous
04/27/2019 10:23
Subject: Wells Fargo ad about millennials eating out
That $5 dollar cup of coffee you bought in 2009 would be now worth $15 if you bought a stock fund. Uber's, and expensive lunches and dinners and iPhones and Netflix and car leases and nail salons and doggie day care suckaround $1,000 a month. The Spring 2008 grad if put that $1,000 a month in a good stock fund would be sitting on huge cash.
Anonymous
04/27/2019 09:43
Subject: Re:Wells Fargo ad about millennials eating out
Anonymous wrote:
That's very interesting. I wonder how private sector jobs have fared in comparison.
Yeah, I'm curious, too, but it was a lot of work just to get those numbers, and it's a lot easier to find detailed records of federal pay.
I was trying to be as concrete as possible to avoid factors like people choosing to go to out-of-state or private schools, or people building and buying bigger houses these days, or the ebb and flow of popular vehicle styles and the accompanying prices.
Anonymous
04/27/2019 09:05
Subject: Re:Wells Fargo ad about millennials eating out
Anonymous wrote:A few years ago, I sat down and tried to do a comparison of new federal employees entering the workforce in 1984, 1994, 2004, and 2014.
I tried to normalize everything-- Student attends eight semesters at University of Maryland while living at home and working 700 hours a year at federal minimum wage to pay tuition/save for a vehicle. Student starts work as a GS7-1, rents an apartment, and saves to buy a compact car (Toyota Camry or Corolla, depending on the year-- the models all shifted up a class around 1990 or so), and hopes to buy a house in a particular neighborhood in Columbia, MD where I could find good sales history. Any tuition not covered by the minimum wage job is paid for with student loans. The house is to be purchased with 20% down and with current mortgage rates. I also factored in differences in DC-area locality pay. It did not exist in 1984, and has grown since then.
I couldn't get historical rent rates for any particular apartment complexes, so I had to rely on regional statistical data for that, which kind of sucks.
I factored in federal and local income tax rates, medicare and social security, required pension contributions, 10% charitable giving, and 5% TSP contribution. I did not factor in cell phones or internet service or cable bills or luxury items.
The biggest thing hurting this fictitious person as time went on was college tuition. In 1984, the student would have about $5000 in his pocket. By 2014, he'd be about $15000 in debt.
With no other debt, a new, basic car was more attainable in 2014 than 1984. The student loans really kill it, though.
Median rent in the area for a 1-bedroom apartment was $326 in 1984. That's 30% of the new grad's take-home pay.
Median rent in the area for a 1-bedroom apartment was $1302 in 2014, or 49% of the new grad's take-home pay.
For a new grad after paying taxes, rent on a 1-bedroom apartment, 10% charitable contribution, 5% TSP contribution, and required pension contributions, I came up with a monthly "discretionary" income of:
1984: $444.24
1994: $490.60
2004: $683.96
2014: $445.72
These numbers are not adjusted for inflation and would have to cover bills, groceries, student loans, if applicable, and savings toward a new car or house. For the new grad in 1984 and 2014, these are virtually the same number. I put "discretionary" in scare-quotes because groceries, bills, and loan-repayments still have to be covered out of this money.
A car, by itself, became more attainable as time went on, but the extra savings for the 1984 new-grad more than made up for it. Assuming a new-grad uses 70% of his discretionary income to pay off student loans (if applicable) and save for that new Toyota Camry or Corolla, he'll be all set in:
1984: 14 months
1994: 28 months
2004: 23 months
2014: 35 months
Assuming he then saves 70% of his discretionary income, he'll have a 20% down-payment on that house in an additional:
1984: 52 months
1994: 67 months
2004: 101 months
2014: 180 months
But mortgage rates have changed a lot. Instead, let's assume he wants to save enough so that he has a down-payment that allows him to keep the 30-year mortgage bill to 1/3 of his income, it will be an additional:
1984: 140 months
1994: 109 months
2004: 199 months
2014: 197 months
The total to do all three-- pay off college, buy a Toyota Corolla or Camry, and save a down-payment to get the mortgage to 1/3 of income comes to:
1984: 156 months
1994: 147 months
2004: 245 months
2014: 302 months
That's very interesting. I wonder how private sector jobs have fared in comparison.
Anonymous
04/27/2019 08:55
Subject: Re:Wells Fargo ad about millennials eating out
A few years ago, I sat down and tried to do a comparison of new federal employees entering the workforce in 1984, 1994, 2004, and 2014.
I tried to normalize everything-- Student attends eight semesters at University of Maryland while living at home and working 700 hours a year at federal minimum wage to pay tuition/save for a vehicle. Student starts work as a GS7-1, rents an apartment, and saves to buy a compact car (Toyota Camry or Corolla, depending on the year-- the models all shifted up a class around 1990 or so), and hopes to buy a house in a particular neighborhood in Columbia, MD where I could find good sales history. Any tuition not covered by the minimum wage job is paid for with student loans. The house is to be purchased with 20% down and with current mortgage rates. I also factored in differences in DC-area locality pay. It did not exist in 1984, and has grown since then.
I couldn't get historical rent rates for any particular apartment complexes, so I had to rely on regional statistical data for that, which kind of sucks.
I factored in federal and local income tax rates, medicare and social security, required pension contributions, 10% charitable giving, and 5% TSP contribution. I did not factor in cell phones or internet service or cable bills or luxury items.
The biggest thing hurting this fictitious person as time went on was college tuition. In 1984, the student would have about $5000 in his pocket. By 2014, he'd be about $15000 in debt.
With no other debt, a new, basic car was more attainable in 2014 than 1984. The student loans really kill it, though.
Median rent in the area for a 1-bedroom apartment was $326 in 1984. That's 30% of the new grad's take-home pay.
Median rent in the area for a 1-bedroom apartment was $1302 in 2014, or 49% of the new grad's take-home pay.
For a new grad after paying taxes, rent on a 1-bedroom apartment, 10% charitable contribution, 5% TSP contribution, and required pension contributions, I came up with a monthly "discretionary" income of:
1984: $444.24
1994: $490.60
2004: $683.96
2014: $445.72
These numbers are not adjusted for inflation and would have to cover bills, groceries, student loans, if applicable, and savings toward a new car or house. For the new grad in 1984 and 2014, these are virtually the same number. I put "discretionary" in scare-quotes because groceries, bills, and loan-repayments still have to be covered out of this money.
A car, by itself, became more attainable as time went on, but the extra savings for the 1984 new-grad more than made up for it. Assuming a new-grad uses 70% of his discretionary income to pay off student loans (if applicable) and save for that new Toyota Camry or Corolla, he'll be all set in:
1984: 14 months
1994: 28 months
2004: 23 months
2014: 35 months
Assuming he then saves 70% of his discretionary income, he'll have a 20% down-payment on that house in an additional:
1984: 52 months
1994: 67 months
2004: 101 months
2014: 180 months
But mortgage rates have changed a lot. Instead, let's assume he wants to save enough so that he has a down-payment that allows him to keep the 30-year mortgage bill to 1/3 of his income, it will be an additional:
1984: 140 months
1994: 109 months
2004: 199 months
2014: 197 months
The total to do all three-- pay off college, buy a Toyota Corolla or Camry, and save a down-payment to get the mortgage to 1/3 of income comes to:
1984: 156 months
1994: 147 months
2004: 245 months
2014: 302 months
I tried to normalize everything-- Student attends eight semesters at University of Maryland while living at home and working 700 hours a year at federal minimum wage to pay tuition/save for a vehicle. Student starts work as a GS7-1, rents an apartment, and saves to buy a compact car (Toyota Camry or Corolla, depending on the year-- the models all shifted up a class around 1990 or so), and hopes to buy a house in a particular neighborhood in Columbia, MD where I could find good sales history. Any tuition not covered by the minimum wage job is paid for with student loans. The house is to be purchased with 20% down and with current mortgage rates. I also factored in differences in DC-area locality pay. It did not exist in 1984, and has grown since then.
I couldn't get historical rent rates for any particular apartment complexes, so I had to rely on regional statistical data for that, which kind of sucks.
I factored in federal and local income tax rates, medicare and social security, required pension contributions, 10% charitable giving, and 5% TSP contribution. I did not factor in cell phones or internet service or cable bills or luxury items.
The biggest thing hurting this fictitious person as time went on was college tuition. In 1984, the student would have about $5000 in his pocket. By 2014, he'd be about $15000 in debt.
With no other debt, a new, basic car was more attainable in 2014 than 1984. The student loans really kill it, though.
Median rent in the area for a 1-bedroom apartment was $326 in 1984. That's 30% of the new grad's take-home pay.
Median rent in the area for a 1-bedroom apartment was $1302 in 2014, or 49% of the new grad's take-home pay.
For a new grad after paying taxes, rent on a 1-bedroom apartment, 10% charitable contribution, 5% TSP contribution, and required pension contributions, I came up with a monthly "discretionary" income of:
1984: $444.24
1994: $490.60
2004: $683.96
2014: $445.72
These numbers are not adjusted for inflation and would have to cover bills, groceries, student loans, if applicable, and savings toward a new car or house. For the new grad in 1984 and 2014, these are virtually the same number. I put "discretionary" in scare-quotes because groceries, bills, and loan-repayments still have to be covered out of this money.
A car, by itself, became more attainable as time went on, but the extra savings for the 1984 new-grad more than made up for it. Assuming a new-grad uses 70% of his discretionary income to pay off student loans (if applicable) and save for that new Toyota Camry or Corolla, he'll be all set in:
1984: 14 months
1994: 28 months
2004: 23 months
2014: 35 months
Assuming he then saves 70% of his discretionary income, he'll have a 20% down-payment on that house in an additional:
1984: 52 months
1994: 67 months
2004: 101 months
2014: 180 months
But mortgage rates have changed a lot. Instead, let's assume he wants to save enough so that he has a down-payment that allows him to keep the 30-year mortgage bill to 1/3 of his income, it will be an additional:
1984: 140 months
1994: 109 months
2004: 199 months
2014: 197 months
The total to do all three-- pay off college, buy a Toyota Corolla or Camry, and save a down-payment to get the mortgage to 1/3 of income comes to:
1984: 156 months
1994: 147 months
2004: 245 months
2014: 302 months
Anonymous
04/27/2019 07:52
Subject: Wells Fargo ad about millennials eating out
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I hate those self serving ads by WF showcasing a millennial couple eating out several times a week (once at a food cart), and that being the prime reason they can’t afford downpayment on a house.
Such BS. It’s sky high rent, student loans, and medical insurance — not avacado today du jour
Maybe instead of offering sham financial counseling, they offer low fixed rate student consolidation loans.
Sky high rent, LOL! I'm gen x and had 5 roommates to save money, bought a home and then STILL had roommates until I had a kid. I had roommates until I was 34yrs old. Rent has always been high relative to income. Millenials make way more than I did. Starting pay at my company is 70k. My first job in 2000 from which I got LAID OFF from in 2001 was for 35k.
To be fair, with a 3% inflation, prices double every twenty years -so the starting salary of $70k now is the same as a $35k salary twenty years ago.
My first job paid $10/hr and wouldn't give me full time hours (nonprofits in 2008...woohoo). I'm 33 and finally surpassed $80k. You can bet I feel kind of dumb if kids straight out of college are making $70k, but I gotta say it has not been a linear increase in starting salaries since 2001, and we can't all make up the gap.
Kids straight out of college in my field (Computer Science) are making around 80K. My company is just about average WRT base salary.
Anonymous
04/27/2019 07:50
Subject: Wells Fargo ad about millennials eating out
Anonymous wrote:Anonymous wrote:Anonymous wrote:I hate those self serving ads by WF showcasing a millennial couple eating out several times a week (once at a food cart), and that being the prime reason they can’t afford downpayment on a house.
Such BS. It’s sky high rent, student loans, and medical insurance — not avacado today du jour
Maybe instead of offering sham financial counseling, they offer low fixed rate student consolidation loans.
Sky high rent, LOL! I'm gen x and had 5 roommates to save money, bought a home and then STILL had roommates until I had a kid. I had roommates until I was 34yrs old. Rent has always been high relative to income. Millenials make way more than I did. Starting pay at my company is 70k. My first job in 2000 from which I got LAID OFF from in 2001 was for 35k.
To be fair, with a 3% inflation, prices double every twenty years -so the starting salary of $70k now is the same as a $35k salary twenty years ago.
Based on inflation numbers, a 35K salary in 2000 is equivalent to a 51K salary now.
https://www.usinflationcalculator.com
Anonymous
04/27/2019 07:15
Subject: Wells Fargo ad about millennials eating out
Anonymous wrote:Anonymous wrote:Anonymous wrote:I hate those self serving ads by WF showcasing a millennial couple eating out several times a week (once at a food cart), and that being the prime reason they can’t afford downpayment on a house.
Such BS. It’s sky high rent, student loans, and medical insurance — not avacado today du jour
Maybe instead of offering sham financial counseling, they offer low fixed rate student consolidation loans.
Sky high rent, LOL! I'm gen x and had 5 roommates to save money, bought a home and then STILL had roommates until I had a kid. I had roommates until I was 34yrs old. Rent has always been high relative to income. Millenials make way more than I did. Starting pay at my company is 70k. My first job in 2000 from which I got LAID OFF from in 2001 was for 35k.
To be fair, with a 3% inflation, prices double every twenty years -so the starting salary of $70k now is the same as a $35k salary twenty years ago.
My first job paid $10/hr and wouldn't give me full time hours (nonprofits in 2008...woohoo). I'm 33 and finally surpassed $80k. You can bet I feel kind of dumb if kids straight out of college are making $70k, but I gotta say it has not been a linear increase in starting salaries since 2001, and we can't all make up the gap.
Anonymous
04/27/2019 07:11
Subject: Wells Fargo ad about millennials eating out
Anonymous wrote:The rents are high, and housing is more expensive, but as a percentage of income, it is not that different.
I was born at the cusp of the Baby-boom and GenX (late '63).
When I graduated college, my field (not the overall economy) was dead. So, I went to Grad School, and entered the workforce at 30. (1994).
My first job, with a PhD paid 35K, and I was paying 1000/month in rent. That was very tight.
Today, someone in my field earns 2x that (or more), with rents around 2K in a comparable appartment. Houses are 2.5x more money, but interest rates are much lower, so the monthly payments are only about 50% higher (8% vs 4% interest rates).
So the town house I bought in 1994 for 107K, and had a $900/month payment (including taxes), is now 250K, with a payment of $1500/mo.
The biggest difference is my college tuition was about 2K/year (Va Tech in-state), grad school was funded by grants). So, I graduated debt free.
As I am getting ready to put my DD through school, Va Tech is 4x more per year (including housing) than when I went there.
This is the scandal. Oh, and taxes are "lower" on the Uber-rich.
Hey PP, I finished a PhD in 2015, started a job at $65k, and paid $1500 in rent. More or less on point so far. But now I want to buy...where are these $250k townhomes? Are you in DC?
Anonymous
04/27/2019 06:56
Subject: Wells Fargo ad about millennials eating out
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I think all of us would concede that things are more expensive and that in most industries wages haven’t kept up. But you have to concede that you want to buy a $1 million dollars home and are complaining that your inability to do that is because life is so much harder today. I would say that if you wanted to buy. $300,000 home and couldn’t, I would agree. But your argument fails because your $1 m home is just out of reach for the majority of people regardless of age or generation. You are not unable to buy that because of your age or wage alone. That is an extremely expensive home.
Uh, we just bought a $1.1M shack which the prior owners bought for $250k in 1999.
It’s not an extremely expensive or fancy house. It’s just a house with ok schools and ok commute.
It isn’t like Millenials are saying ‘I want a $1M house’, they just want an ok house in an ok neighborhood.
I think OP said he needs a down payment of $200000. I am basing the million on that. If he says I am wrong, then fine but it was his number.
Well yeah, he is saying $1M — b/c that’s what ok houses with less than a 1 hr commute tend to cost.
This is what reveals your entitlement. If you want new and fancy for less than a million, you have to commute. If you are ok with older, you can have a shorter commute. This isn’t a challenge that only millennials face. The fact that you think so is more evidence that you have absolutely no perspective. The majority of people make that choice.
WTF?? New and fancy? $1M is for lipstick-on-pig tear downs with modest commute.
https://www.redfin.com/VA/Falls-Church/5904-Boston-Dr-22041/home/9648234 what's wrong with this place?
If I don’t have kids and never have to have it appreciate (because it won’t with those schools) then nothing
One million is not lipstick on pig teardowns in DC you snoot unless you're clutching your pearls at living outside Cleveland Park.
Also, for DC, houses appreciate faster in poor school districts due to gentrification. Meanwhile, the school district posted for that listing in Nova is fine, again, unless you are a snoot.
Anonymous
04/27/2019 06:29
Subject: Wells Fargo ad about millennials eating out
Anonymous wrote:Anonymous wrote:Anonymous wrote:I hate those self serving ads by WF showcasing a millennial couple eating out several times a week (once at a food cart), and that being the prime reason they can’t afford downpayment on a house.
Such BS. It’s sky high rent, student loans, and medical insurance — not avacado today du jour
Maybe instead of offering sham financial counseling, they offer low fixed rate student consolidation loans.
Sky high rent, LOL! I'm gen x and had 5 roommates to save money, bought a home and then STILL had roommates until I had a kid. I had roommates until I was 34yrs old. Rent has always been high relative to income. Millenials make way more than I did. Starting pay at my company is 70k. My first job in 2000 from which I got LAID OFF from in 2001 was for 35k.
To be fair, with a 3% inflation, prices double every twenty years -so the starting salary of $70k now is the same as a $35k salary twenty years ago.
Also to be fair, the price of colleges has risen faster than inflation so students today may be graduating to an equivalent salary for inflation, but higher loan payments. I graduated in 2001 and was seriously shocked to see how much my college now costs.
Anonymous
04/26/2019 23:58
Subject: Wells Fargo ad about millennials eating out
Anonymous wrote:Anonymous wrote:I hate those self serving ads by WF showcasing a millennial couple eating out several times a week (once at a food cart), and that being the prime reason they can’t afford downpayment on a house.
Such BS. It’s sky high rent, student loans, and medical insurance — not avacado today du jour
Maybe instead of offering sham financial counseling, they offer low fixed rate student consolidation loans.
Sky high rent, LOL! I'm gen x and had 5 roommates to save money, bought a home and then STILL had roommates until I had a kid. I had roommates until I was 34yrs old. Rent has always been high relative to income. Millenials make way more than I did. Starting pay at my company is 70k. My first job in 2000 from which I got LAID OFF from in 2001 was for 35k.
To be fair, with a 3% inflation, prices double every twenty years -so the starting salary of $70k now is the same as a $35k salary twenty years ago.
Anonymous
04/26/2019 21:53
Subject: Wells Fargo ad about millennials eating out
Anonymous wrote:I hate those self serving ads by WF showcasing a millennial couple eating out several times a week (once at a food cart), and that being the prime reason they can’t afford downpayment on a house.
Such BS. It’s sky high rent, student loans, and medical insurance — not avacado today du jour
Maybe instead of offering sham financial counseling, they offer low fixed rate student consolidation loans.
Sky high rent, LOL! I'm gen x and had 5 roommates to save money, bought a home and then STILL had roommates until I had a kid. I had roommates until I was 34yrs old. Rent has always been high relative to income. Millenials make way more than I did. Starting pay at my company is 70k. My first job in 2000 from which I got LAID OFF from in 2001 was for 35k.
Anonymous
04/26/2019 21:29
Subject: Re:Wells Fargo ad about millennials eating out
You need to decide what you want. This is an expensive area. When I graduated I wanted to work in non profits. I couldn’t afford to live where I wanted and do that so I moved to the middle of nowhere with a low cost of living and got enough experience so I could move back to DC and afford to live here. I’d picked up a boyfriend (now husband) along the way, so the second income helped. I could have stayed here and lived in a group house and wait tables after work (a lot of my friends did that) or have an insanely long commute but I didn’t want that. I wanted my income to cover rent and eating out occasionally and a modest vacation (or to attend a friends wedding) once in a while.
There is no having it all, there are choices all along the way. From taking out student loans to where you want to live to how big of a house you buy - there’s a sacrifice and a benefit to each option. Don’t eat out because you think what difference will $15 make if houses are so expensive, lay out your options and make intentional choices. Make wise choices based on facts. Don’t let life happen to you and 20 years later wonder how you got where you are.
There is no having it all, there are choices all along the way. From taking out student loans to where you want to live to how big of a house you buy - there’s a sacrifice and a benefit to each option. Don’t eat out because you think what difference will $15 make if houses are so expensive, lay out your options and make intentional choices. Make wise choices based on facts. Don’t let life happen to you and 20 years later wonder how you got where you are.
Anonymous
04/26/2019 20:58
Subject: Wells Fargo ad about millennials eating out
Anonymous wrote:Anonymous wrote:Anonymous wrote:I hate those self serving ads by WF showcasing a millennial couple eating out several times a week (once at a food cart), and that being the prime reason they can’t afford downpayment on a house.
Such BS. It’s sky high rent, student loans, and medical insurance — not avacado today du jour
Maybe instead of offering sham financial counseling, they offer low fixed rate student consolidation loans.
I totally get what you're saying. Sky high rents and student loans are a problem for so many. But I also feel like a lot of millennials just do not know how to save. They are a generation who has never had to endure hardship. I'm not talking personal (family divorce, low income). I'm talking generationally (war, really bad economy). I think people who have been comfortable their entire life just don't know how to prepare for the worst. Eating out three or four times a week can mean a difference between an ok place to live and a nice one.
This is not a factual statement. I am an “elder millennial” as I was born in 1982. We know all about economic downturn as the housing and economic crash of 2008 led to foreclosure and diminished retirement accounts for many of our parents. Since older generations love to point out how we rely on our parents to support us financially, please recognize the impact that had on us. We had to take out student loans, because now our parents could not pay. We had no family money toward our first home mortgage down payment because our parents had to recover from their own underwater mortgages and foreclosures. We are now sandwiched in paying childcare costs for our children and paying eldercare costs for our parents because both types of care cost a ton and are not adequately subsidized by our tax dollars when you are earning too much for subsidy yet earn too little to shoulder all of these costs. There is a structural link between Baby Boomers’ intensive government subsidies and millennials’ current economic stretch.
+1. Another older millennial here. Purchased home in 2008, welcomed a child in 2009. Home values plummeted, as did my retirement, though the latter has rebounded. I’m just finally breaking even on home equity. As for war, 9/11 occurred the year I graduated HS. My peers and I have served in Afghanistan, Iraq, etc, so I don’t know where you got the idea that millennials have never seen hardship. I don’t know anything about family money and will probably support my parents in retirement. As for home ownership, we really don’t know how that will shake out when the average millennial is 28 and the eldest of us will turn 38 in 2019. Eating is more prevalent across generations now. There are more women in the workforce, particularly in our generation and fewer having children. What did you expect? LOL