Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How old are you OP? How long have you been working?

I'm guessing a millenial with no sense of forward thinking.

Seriously? Anyone who claims financial ignorance on millennial is out of touch with reality. My parents generation screwed our economy and our government. Congratulations on sounding like an idiot and an asshole.

This is such an easy way out for you, isn't it?

I have been working for 25 years and guess what - the people at my company starting today make more than twice what I did. Their apartment also costs about twice what I paid and they have about the same percentage of debt (I didn't live in a luxury building or in a fantastic area of town) but they are all getting along just fine.


The problem is that the average millennial has a lot more wants than we did when we graduated. It certainly never occurred to me to blame my parents' generation for my problems.

Grow up.

College was dirt cheap for you. Learn some math.

College was much, much harder too

Maybe you just couldn’t hack it.

We aren't the ones complaining about it. And certainly not after 30.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How old are you OP? How long have you been working?

I'm guessing a millenial with no sense of forward thinking.

Seriously? Anyone who claims financial ignorance on millennial is out of touch with reality. My parents generation screwed our economy and our government. Congratulations on sounding like an idiot and an asshole.

This is such an easy way out for you, isn't it?

I have been working for 25 years and guess what - the people at my company starting today make more than twice what I did. Their apartment also costs about twice what I paid and they have about the same percentage of debt (I didn't live in a luxury building or in a fantastic area of town) but they are all getting along just fine.


The problem is that the average millennial has a lot more wants than we did when we graduated. It certainly never occurred to me to blame my parents' generation for my problems.

Grow up.

College was dirt cheap for you. Learn some math.

College was much, much harder too

And who’s fault is that? Which generation was teaching and administrating colleges when classes started to become ridiculous. Who created remedial college classes? It seems ridiculous to blame millennials for taking easy college classes when that is all that is offered.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How old are you OP? How long have you been working?

I'm guessing a millenial with no sense of forward thinking.

Seriously? Anyone who claims financial ignorance on millennial is out of touch with reality. My parents generation screwed our economy and our government. Congratulations on sounding like an idiot and an asshole.

This is such an easy way out for you, isn't it?

I have been working for 25 years and guess what - the people at my company starting today make more than twice what I did. Their apartment also costs about twice what I paid and they have about the same percentage of debt (I didn't live in a luxury building or in a fantastic area of town) but they are all getting along just fine.


The problem is that the average millennial has a lot more wants than we did when we graduated. It certainly never occurred to me to blame my parents' generation for my problems.

Grow up.

Actually, I think recognizing that the country has financial problems and that the current model isn’t sustainable is pretty “grown up.” I’m not depending on social security by the time I retire. Keep putting your head in the sand if it makes you feel better, although I’m sure the government will do what they can to minimize the impacts on the “boomer” generation anyway. Too important of a voting block.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How old are you OP? How long have you been working?

I'm guessing a millenial with no sense of forward thinking.

Seriously? Anyone who claims financial ignorance on millennial is out of touch with reality. My parents generation screwed our economy and our government. Congratulations on sounding like an idiot and an asshole.

This is such an easy way out for you, isn't it?

I have been working for 25 years and guess what - the people at my company starting today make more than twice what I did. Their apartment also costs about twice what I paid and they have about the same percentage of debt (I didn't live in a luxury building or in a fantastic area of town) but they are all getting along just fine.


The problem is that the average millennial has a lot more wants than we did when we graduated. It certainly never occurred to me to blame my parents' generation for my problems.

Grow up.

College was dirt cheap for you. Learn some math.

College was much, much harder too

Maybe you just couldn’t hack it.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How old are you OP? How long have you been working?

I'm guessing a millenial with no sense of forward thinking.

Seriously? Anyone who claims financial ignorance on millennial is out of touch with reality. My parents generation screwed our economy and our government. Congratulations on sounding like an idiot and an asshole.

This is such an easy way out for you, isn't it?

I have been working for 25 years and guess what - the people at my company starting today make more than twice what I did. Their apartment also costs about twice what I paid and they have about the same percentage of debt (I didn't live in a luxury building or in a fantastic area of town) but they are all getting along just fine.


The problem is that the average millennial has a lot more wants than we did when we graduated. It certainly never occurred to me to blame my parents' generation for my problems.

Grow up.

College was dirt cheap for you. Learn some math.

College was much, much harder too

Anonymous wrote:So much anger on the thread :/

Jealousy and resentment.

Fear?

Anonymous wrote:I don't understand. Wouldn't you want to enjoy the majority of your money while your young? People put so much into their retirement and try to enjoy their earned cash when they are 65+. I understand putting SOME money away but not a majority.

Any combination of the following:

1) because one may be concerned about being a financial burden to their future children during old age (look up the sandwich generation - it's when your parents are frail, broke and require expensive care and you're raising small children with all the expenses that come with it)
2) because one may want to leave something to their future children financially - build a legacy, pay for grandchildren's education
3) because there is no certainty in what condition your health will be and how long you'll live. You may be an active and robust senior and die in your sleep at 95, or you may have Alzgeimer's and require 20 years of skilled nursing and memory care. The Medicare beds are in horrible bare bones institutions, and even they are not easy to get
4) because some people sleep better at night knowing that they are independent and self-reliant, not needing handouts ("rainy day")
5) tax breaks
6) goal of early retirement requires early and consistent saving
7) cultural reasons (protestant life ethic of moderating consumption and balancing it with saving and charity, for example).

So much anger on the thread :/

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How old are you OP? How long have you been working?

I'm guessing a millenial with no sense of forward thinking.

Seriously? Anyone who claims financial ignorance on millennial is out of touch with reality. My parents generation screwed our economy and our government. Congratulations on sounding like an idiot and an asshole.

This is such an easy way out for you, isn't it?

I have been working for 25 years and guess what - the people at my company starting today make more than twice what I did. Their apartment also costs about twice what I paid and they have about the same percentage of debt (I didn't live in a luxury building or in a fantastic area of town) but they are all getting along just fine.


The problem is that the average millennial has a lot more wants than we did when we graduated. It certainly never occurred to me to blame my parents' generation for my problems.

Grow up.

Seriously? Your logic and facts are just incorrect. Millennial's have no greater needs or wants then the baby boomer generations. How inappropriate to want a livable wage with less debt so we can buy homes like our parents. It must be asinine to expect social security (which will probably be depleted before I ever expect to receive it) Oh my! To not recognize the disaster that was/is created is blissful ignorance.

The blame of the baby boomers on millennial is immature and irresponsible. As the worst is to come when you all try and sell your mcmansions and homes at 3x what they are really worth.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not everyone puts wages into retirement. Some jobs come with automatic benefits as soon as your time is in. Law enforcement is one of these jobs, at least, it is in Virginia. You can retire at 50 with extra for hazardous duty pay or you can work longer and do a large plop along with the haz pay.

This is a huge problem that will have to be corrected. It was fine when lifespans were shorter; the taxpayers do not want to pay for retirement that, in many instances, is as long as or longer than the time public employees worked.

Speak for yourself. I am okay with paying for their retirement benefits. They put their lives on the line, I think they deserve it.

It is not a sustainable financial model, regardless of the underlying profession. That's why defined benefit plans are all but extinct in the private sector. Also, I reject the idea that certain types of public employees (but not others?) are entitled to 30+ year fully funded retirements.

Exactly. This is the thinking that has led to so many of our government spending problems - just because we WANT to do something doesn't mean we can.

Anonymous wrote:I don’t understand people who struggle financially early in life putting money in. If you have a career with serious growth potential you can easily make up for it in just a couple of years.

Yes! The economy can only keep growing! They won't ever be unemployed!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How old are you OP? How long have you been working?

I'm guessing a millenial with no sense of forward thinking.

Seriously? Anyone who claims financial ignorance on millennial is out of touch with reality. My parents generation screwed our economy and our government. Congratulations on sounding like an idiot and an asshole.

This is such an easy way out for you, isn't it?

I have been working for 25 years and guess what - the people at my company starting today make more than twice what I did. Their apartment also costs about twice what I paid and they have about the same percentage of debt (I didn't live in a luxury building or in a fantastic area of town) but they are all getting along just fine.


The problem is that the average millennial has a lot more wants than we did when we graduated. It certainly never occurred to me to blame my parents' generation for my problems.

Grow up.

College was dirt cheap for you. Learn some math.

That’s life idiot. Deal with it.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How old are you OP? How long have you been working?

I'm guessing a millenial with no sense of forward thinking.

Seriously? Anyone who claims financial ignorance on millennial is out of touch with reality. My parents generation screwed our economy and our government. Congratulations on sounding like an idiot and an asshole.

This is such an easy way out for you, isn't it?

I have been working for 25 years and guess what - the people at my company starting today make more than twice what I did. Their apartment also costs about twice what I paid and they have about the same percentage of debt (I didn't live in a luxury building or in a fantastic area of town) but they are all getting along just fine.


The problem is that the average millennial has a lot more wants than we did when we graduated. It certainly never occurred to me to blame my parents' generation for my problems.

Grow up.

College was dirt cheap for you. Learn some math.

Anonymous wrote:I don’t understand people who struggle financially early in life putting money in. If you have a career with serious growth potential you can easily make up for it in just a couple of years.

Because if your employer matches that is free money and if you can pay for shelter, food and the necessities, it is worth it to forego a few wants to get that match. Plus investing early gives you more time for the money to grow.