Current Events > Millennials: "We're broke"

(+) Yeah! (+)

EternalDivide posted...

Not that this would solve poor money management skills. And of course this will kick a hornets nest.
But Millennials, maybe then don't vote for democrats. They want to tax you to fund every feel good bs cause under the sun only to then pilfer from that pot for some pet project along the way. Then tax you again and more for the same cause later on. Rinse, repeat. Punishment tax for not driving the vehicle they want you to. Tax gas. Pass this, pass that because feelings. Thank god at least congress got rid of that damn individual mandate because there they were taxing us for not buying a shitty private owned service that still wouldn't cover you 100% in an emergency and you would go broke anyway.
That leaves you with less money to save or spend. But hey, you do get to post on twitter that you stand with *insert flavor of the month cause*.

The other side certainly aren't saints and have their own help the rich friends motives. But they do help the regular guy more financially than anyone is going to admit they do. Under them I get a tax return. Under Dems I never do. And I'm at poverty level according to CA.

The Republican tax plan will increase taxes on the bottom 99% of income earners by 2027. Stop falling for Republican bullshit.
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We'll unless you're telling me numbers lie and that those extra dollars in that check I got are somehow imaginary. Then I'll go ahead and fall for that so called republican bs.
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Im a Millennial. And I still have yet to find a job
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EternalDivide posted...

We'll unless you're telling me numbers lie and that those extra dollars in that check I got are somehow imaginary. Then I'll go ahead and fall for that so called republican bs.

Garioshi posted...

by 2027

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UnfairRepresent posted...

So wait, TC is shitting on a poor person for spending their money on their pet so it doesn't die?

That's fucked dude

Maybe if you're fucking poor don't get a pet that costs thousands of dollars?
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Fishy posted...

UnfairRepresent posted...

So wait, TC is shitting on a poor person for spending their money on their pet so it doesn't die?

That's fucked dude

Maybe if you're fucking poor don't get a pet that costs thousands of dollars?

Jesus christ
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UnfairRepresent posted...

Fishy posted...

UnfairRepresent posted...

So wait, TC is shitting on a poor person for spending their money on their pet so it doesn't die?

That's fucked dude

Maybe if you're fucking poor don't get a pet that costs thousands of dollars?

Jesus christ

I mean, if you can't afford a pet then don't get one. Should be common sense.
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Fishy posted...

UnfairRepresent posted...

So wait, TC is shitting on a poor person for spending their money on their pet so it doesn't die?

That's fucked dude

Maybe if you're fucking poor don't get a pet that costs thousands of dollars?

*gasps*

How dare you speak common sense!


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P4wn4g3 posted...

UnfairRepresent posted...

Fishy posted...

UnfairRepresent posted...

So wait, TC is shitting on a poor person for spending their money on their pet so it doesn't die?

That's fucked dude

Maybe if you're fucking poor don't get a pet that costs thousands of dollars?

Jesus christ

I mean, if you can't afford a pet then don't get one. Should be common sense.

She can afford it tho.

And you're insulting her for it.

It's insanity

You're just angry at people being happy.
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UnfairRepresent posted...

She can afford it tho.

And you're insulting her for it.

It's insanity

You're just angry at people being happy.

spending your entire savings is the exact opposite of being able to afford something
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Bad_Mojo posted...

DezDroppedFreak posted...

Damn_Underscore posted...

many millennials don't know how to cook and have to eat at restaurants/fast food

Tbh everyone needs a crockpot

Can't even use laziness as an excuse if you have a slow cooker

Still have to chop the veggies up and shit, lol. I guess they do have those bags you just throw in now days

But those really aren't any cheaper tbh.

Bad_Mojo posted...

DoubleDare posted...

They work shitty retail jobs or at gas stations.

And instead of applying to only non-retail jobs, they would rather keep on making posts and sharing meme's about how their job sucks.

Maybe the school system should teach the kids shit they really need to know instead of useless info like who was on whos side in World War 2? Kids need to learn life skills, not useless bull shit like that for 12 years

That stuff is important.

The difference between metonymy and synecdoche, not so much. And yes, I do know which one I just used. I wish I didn't have to, but I do.
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UnfairRepresent posted...

P4wn4g3 posted...

UnfairRepresent posted...

Fishy posted...

UnfairRepresent posted...

So wait, TC is shitting on a poor person for spending their money on their pet so it doesn't die?

That's fucked dude

Maybe if you're fucking poor don't get a pet that costs thousands of dollars?

Jesus christ

I mean, if you can't afford a pet then don't get one. Should be common sense.

She can afford it tho.

And you're insulting her for it.

It's insanity

You're just angry at people being happy.

Naw. She just sounds like a shitty pet owner. But I didn't bring it up. The fuck is your deal anyway, do you know this chick?
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UnfairRepresent posted...

She can afford it tho.

Then why is she bitching about it?
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A coworker recently asked me what I splurged money on. I said the last big purchase I made was for a Switch, but I'm typically scrounging whatever money I can together because it's generally going to shit like replacing tires or paying taxes due to a shady ex-employer

Despite being terrible at being proactive about my financial future sometimes, I'm pretty fucking frugal, which is why I've lasted this long on my paycheck I guess.

Edit: Also, I hate the word "adulting" and the cutesy commiseration over life being difficult. Celebrating mediocrity and laziness is pathetic and it doesn't make you cute when you joke about overindulging on netflix in your pajamas. You're wasting your life.
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Genocet_10-325 posted...

Uncle Choad posted...

Bad_Mojo posted...

Sativa_Rose posted...

*sigh*

The last thing we need is even more uninformed voters. Americans are already stereotypically dumb about geography and world affairs and whatnot. It's important for people to understand how the US got to where it is today in terms of its role in the world.

Maybe not the best example, but I'll stand my ground. Schools teach way too much bull shit that people don't need in adult life and skip on skills they do need.

Imagine not knowing what school/education is for.

Middle and high school are pretty much glorified babysitters. I learned nothing of value from them despite graduating with decent grades

Kid knows how to read and write but probably doesn't know how he learned to read and write.
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Im 23, broke as fuck. Single as fuck. To be honest I want to die. I am afraid to take on debt but I have no fail safe for living. Im on my own in a lot of ways. I dont want to bother my family, they got where they are without help.
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^Sell your computer, you don't need any of it.
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Mitsukiba posted...

Im 23, broke as f***. Single as f***.

Sounds pretty standard you're too hard on yourself.

Just enjoy life and try to make good decisions and it will all come together.
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Mitsukiba posted...

Im 23, broke as fuck. Single as fuck. To be honest I want to die. I am afraid to take on debt but I have no fail safe for living. Im on my own in a lot of ways. I dont want to bother my family, they got where they are without help.

Eh, you have a much harder hurdle to climb than your folks did. I realize a lot of them point fingers, but the truth is that prospects have been drying up as wages have stagnated and we're all just scared about the future.
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If you're anything but a millennial complaining about millenials all day on Gamefaqs I think you have more to worry about than millenials lol
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0atmealcreampie posted...

UnfairRepresent posted...

She can afford it tho.

Then why is she bitching about it?

Because it meant she couldn't peruse her music hobby.

And she wasn't bitching, she was making a crack about adults being responsible while kids are indulgent.

And you're giving her shit because she shouldn't get a pet if she's not rich? How dare she try to enjoy life?

It's utterly absurd
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Every group has winners and losers. For every person doing worse than their parents, there's another doing better, it seems... it evens out, but there's definitely an erosion of the middle class that's been going on for a while now. Upper and lower are really just absorbing it.
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TheCyborgNinja posted...

Every group has winners and losers. For every person doing worse than their parents, there's another doing better, it seems... it evens out, but there's definitely an erosion of the middle class that's been going on for a while now. Upper and lower are really just absorbing it.

No middle class kinda proves that it doesn't even out
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PonyLivesMatter posted...

^Sell your computer, you don't need any of it.

You know what. Youre right. My life started failing when I became single and realized in heart Im a scumbag looking for happiness in all the wrong ways.
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a pet is expensive but it isn't too hard to take care of, vet bills biggest one in general (only as needed) if it gets sick or needs vaccinations.
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UnfairRepresent posted...

0atmealcreampie posted...

UnfairRepresent posted...

She can afford it tho.

Then why is she bitching about it?

Because it meant she couldn't peruse her music hobby.

And she wasn't bitching, she was making a crack about adults being responsible while kids are indulgent.

And you're giving her shit because she shouldn't get a pet if she's not rich? How dare she try to enjoy life?

It's utterly absurd

No I think what is absurd is whining about your "chosen" responsibilities and prioritization of your luxuries\wants.

Sorry dude but she's whining. We all wish we had more money for the things we "want". She's not an exception to the rule she's just being a whiner.
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UnfairRepresent posted...

TheCyborgNinja posted...

Every group has winners and losers. For every person doing worse than their parents, there's another doing better, it seems... it evens out, but there's definitely an erosion of the middle class that's been going on for a while now. Upper and lower are really just absorbing it.

No middle class kinda proves that it doesn't even out

How? If person A moves down and person B moves up, the net result is still balanced. There's a bigger winner and loser than before, but it doesn't seem very disproportionate in terms of numbers. The whole thing seems more merit based than anything else.

I definitely fall into the loser bracket, so it's not like I'm personally successful and knocking anyone else. My dad makes 5-figures per month. I'll never come close to matching that. I have friends who own multiple properties though, or at least a property, and many hold good positions at work or own a business.

Probably about half the people I mix with are business owners.
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TheCyborgNinja posted...

UnfairRepresent posted...

TheCyborgNinja posted...

Every group has winners and losers. For every person doing worse than their parents, there's another doing better, it seems... it evens out, but there's definitely an erosion of the middle class that's been going on for a while now. Upper and lower are really just absorbing it.

No middle class kinda proves that it doesn't even out

How? If person A moves down and person B moves up, the net result is still balanced. There's a bigger winner and loser than before, but it doesn't seem very disproportionate in terms of numbers. The whole thing seems more merit based than anything else.

I definitely fall into the loser bracket, so it's not like I'm personally successful and knocking anyone else. My dad makes 5-figures per month. I'll never come close to matching that. I have friends who own multiple properties though, or at least a property, and many hold good positions at work or own a business.

Probably about half the people I mix with are business owners.

The SHRINKING middle class is highly indicative of this truth.
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EnragedSlith posted...

A coworker recently asked me what I splurged money on. I said the last big purchase I made was for a Switch, but I'm typically scrounging whatever money I can together because it's generally going to shit like replacing tires or paying taxes due to a shady ex-employer

Despite being terrible at being proactive about my financial future sometimes, I'm pretty fucking frugal, which is why I've lasted this long on my paycheck I guess.

when i was getting married i had to go to a pre-cana thing to get approved to be married in the church, & part of it was attending a class on marriage topics, which included finances.

it was taught by these two 60 or 70 year olds, and i remember it being hilarious because of how out of touch they were with the economic climate of today. one of the most striking moments was when they asked what everyone's last big purchase was, and most ppl said the engagement ring, with one older couple saying a house.

the old people were completely shocked because they were expecting to hear answers like "giant TV" or "new car" or something like that.

i think this is honestly just how our generation is, in a lot of ways i think young people dont waste their money like older people, they maybe just dont make the most sound decisions. but it's kind of a tall order to expect someone in the peak of their life to make exclusively dull, safe decisions with their money when they are already forgoing a lot of luxuries presumably
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Just realized it's unfair posting.
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@EternalDivide posted...

We'll unless you're telling me numbers lie and that those extra dollars in that check I got are somehow imaginary. Then I'll go ahead and fall for that so called republican bs.

FYI, the tax bill did several things that work against your interests:

1) It made the increase to your standard deduction temporary, it expires in ten years and you will go back to your old standard deduction.

2) It made the gradation method used to increase the income thresholds in the IRS tax table that determines your effective tax rate on your taxable income use a reduced inflation model, so more of your money will be taxed at higher rates over time.

The effect of 2) is gradual and zero at tax bill start, so upfront it will seem like a cut. But current you is borrowing from future you, who will pay a higher percent of your taxable income as federal income tax. And the standard deduction that would offset it will expire, leading to an overall tax hike that is gradually phased in.

These made the net cost of the cut to your income tax nearly zero to the government, and freed the bill's 1.5T budget to focus on permanent corporate tax rate cuts that are not offset by anything.

I think it's important that taxpayers understand what to expect on future tax returns so they are not caught owing a penalty.
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Put more money into your savings, less into your daily avocado diarrhea spread toast.
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Yep. All millennial are like this. Every. Single. one. /s

At least millenials don't cry when their coupon expires.
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Darkman124 posted...

@EternalDivide posted...

We'll unless you're telling me numbers lie and that those extra dollars in that check I got are somehow imaginary. Then I'll go ahead and fall for that so called republican bs.

FYI, the tax bill did several things that work against your interests:

1) It made the increase to your standard deduction temporary, it expires in ten years and you will go back to your old standard deduction.

2) It made the gradation method used to increase the income thresholds in the IRS tax table that determines your effective tax rate on your taxable income use a reduced inflation model, so more of your money will be taxed at higher rates over time.

The effect of 2) is gradual and zero at tax bill start, so upfront it will seem like a cut. But current you is borrowing from future you, who will pay a higher percent of your taxable income as federal income tax. And the standard deduction that would offset it will expire, leading to an overall tax hike that is gradually phased in.

These made the net cost of the cut to your income tax nearly zero to the government, and freed the bill's 1.5T budget to focus on permanent corporate tax rate cuts that are not offset by anything.

I think it's important that taxpayers understand what to expect on future tax returns so they are not caught owing a penalty.

This, Republicans, anecdotally the poor republicans I hear see really short sighted. That extra $24 a month is really awesome for them I guess. If you are that poor you should vote for dems because they are trying to implement incentives for you to escape that poverty, particularly by attempting to tax the rich at higher rates. For some reason poor republicans don't like taxing the rich though "It's their money, they earned it"....Both sides suck, the best thing you can try and do is get an education or skills from a trade school so you aren't stuck working retail the rest of your life.
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SK8T3R215 posted...

Garioshi posted...

Bad_Mojo posted...

Garioshi posted...

imagine getting mad at people who graduated into a recession for having financial difficulty

Topic is clearly about people that spend too much money they don't have.

Those aren't the same person.

Gotta work on your trolling this is just bad.

it was never implied it was the same person but the fact that it's two people is even more telling the OPs point. not all "millennials" are lazy but a good amount of them are and instead of looking at themselves for the mistakes they made or lack of ambition they have they blame society because it's so much easier to blame someone else than to take responsibility for your own actions

Carfo posted...

SK8T3R215 posted...

Garioshi posted...

Bad_Mojo posted...

Garioshi posted...

imagine getting mad at people who graduated into a recession for having financial difficulty

Topic is clearly about people that spend too much money they don't have.

Those aren't the same person.

Gotta work on your trolling this is just bad.

it was never implied it was the same person but the fact that it's two people is even more telling the OPs point. not all "millennials" are lazy but a good amount of them are and instead of looking at themselves for the mistakes they made or lack of ambition they have they blame society because it's so much easier to blame someone else than to take responsibility for your own actions

You mean how everyone is blaming millenials for the problems being perpetuated like student loan debt? Its almost as if everyone is telling us to go to school and to take a loan because we should be able to pay it off. Or how instead of going out we stay in because its cheaper but say we lack social skills. Then proceed to say millennials are the reason golf is at a decline and were not buying diamonds. Get the f*** out. Next youre going to say dont have children; theyre expensive. And following that MILLENIALS ARE THE REASON THE POPULATION IS DECLINING!
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all starts with how you decide to approach education past high school.

Trade school or major degree in Law, Computer Science, Engineering, Med School or Accounting. Nothing else matters. Pyschology, art history, journalism = a life of odd jobs and being broke.
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When you have little every little bit extra helps. I don't care if it changes back ten years down the line. It's helping me now.

So dems that never help me. Or repubs that help me a little right now when I need it.
Choices choices.
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EternalDivide posted...

When you have little every little bit extra helps. I don't care if it changes back ten years down the line. It's helping me now.

So dems that never help me. Or repubs that help me a little right now when I need it.
Choices choices.

Found why you fail at life itp
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Im the complete opposite, Im really hesitant to spend money on much at all. Pretty much just essentials and the occasional game/movie.

Its much smarter to save for when you really need it.
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I've bought some nice things like my powerbeats3, but they make me happy and are a fraction of what I have to pay for rent every month anyway.

I'm a 28-year-old millennial broke and in debt but alive and making more money now than I was 5 months ago. Finally above median US income.

I've never missed a payment on debt or any kind of utility (other than one tiny exception when I was 18 and didn't know a payment was expected on something), and I have plans to pay it all back, so I'm fine. I don't need anyone criticizing me for my broke-ness.
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Why DO so many millennials work in low pay jobs with no scope for progression?

I thought you were older than me. Meh. I can't keep track.
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Why did boomers fail to raise millennials?
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I don't really get this topic because the picture doesn't relate to what TC is trying to say. Yeah, there are people who spend money they don't have, but there are two people in the picture:

1) A person saying "I wish I could spend all this extra money on something luxurious, but I'm gonna use it to take care of my dog. Vet bills are expensive. Bummer."
2) A person saying "I had some money saved up and I spent it" while making no comment about having money issues.

Like

how does this relate
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ArchiePeck posted...

Why DO so many millennials work in low pay jobs with no scope for progression?

Momentum

People tend to keep doing what they're already doing.

They're alive right now working that job and so they take the comfort of probably continuing to survive on that job for awhile over the uncertainty of spending their time on something other than that job and potentially failing and ending up with no money at all.
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I'd be able to afford a mansion and a yacht if it weren't for all this avocado toast I keep eating!
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Ugh I had high hopes for this one getting to 500 without needing me to post in it, considering the early response rates.

:(
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Millennials are killing 500-post topics!!
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