Seems like Millennials and Gen Z want to go into debt to take vacations instead of what their parents did

[JetFueledThoughts]

None of this is a excuse for being an idiot. And the bolded is nobody's fault but their own.

The average millennial has went through a Global Financial Crisis that seriously affected their ability to find work out of college.

Then a decade later there was a global pandemic and interest rates rose to the highest levels in decades, making it much tougher to afford a home.

Wouldn’t classify those instances as their fault. I mean shyt, I make a quarter million in an average year, my fiance brings our household income to $400k, and even I recognize how unattainable a house is for the average young person living in a metro area.

But I do agree with you that on average, young people today lack personal agency and default to blaming their situation instead of owning their locus of control.

 

[Brolic]

You're not promised tomorrow
Go see the world

What happens when they’re close to retirement or too old to work with thousands of dollars in debt, no savings, and no man?

 

[jdubnyce]

What happens when they’re close to retirement or too old to work with thousands of dollars in debt, no savings, and no man?

Onlyfans

 

[jdubnyce]

But when that tomorrow come or you get sick……I hope walking dirty as Paris was worth it

Let them deal with the repercussions of frivolous spending

 

[Brolic]

Onlyfans

At 65+ years old?

 

[jdubnyce]

At 65+ years old?

There's a market for all ages
Or so I've heard

 

[colicolicoli]

My parents took us on vacation atleast once a year

 

[Ezekiel 25:17]

That kind of mindset is why a lot of people are struggling in their 40s and 50s and worrying about being able to retire when they get to retirement age instead of stacking, investing, etc in their 20s and 30s. I'm not saying not to enjoy life when your young, but the majority of people live into their 70s and beyond.

Instead of going into major debt, why don't people just drive 3 hours somewhere? Hell, there's some cabins and forests near me I can go for the weekend for cheap.

 

[Mike809]

You can't save for retirement anymore . Even old people are being forced back into the workforce.
100% retirement is seen as a luxury now.

 

[winb83]

LOL bunch of bootstrap boomers in this thread

Please put this in the rafters so I can always remind myself how many idiots post on thecoli

Because they don't believe in taking on credit card debt for vacations? Credit card debt is not for crap like that. You don't take on 22% or higher interest to go on a vacation that you gotta spend a month to pay off and being real people probably spend years paying back.

 

[Tribal Outkast]

Instead of going into major debt, why don't people just drive 3 hours somewhere? Hell, there's some cabins and forests near me I can go for the weekend for cheap.

Right.

There’s literally people on TikTok finding you places in the states where you can live like you’re on a vacation in Jamaica or some shyt… they’re mostly in Florida but still lol. I’m going to continue to pump the outer banks. They have a lot to do within like a two hour stretch of one road that leads from the top
To the bottom of the area. You would be surprised with what you can do in the states that’s not Disneyland or some shyt lol

 

[Canada Goose]

Instead of going into major debt, why don't people just drive 3 hours somewhere? Hell, there's some cabins and forests near me I can go for the weekend for cheap.

A lot of people are snobby and ignore most of the U.S outside of the Vegas, Miami, L.A, NYC type of places



My family ate good off the type of trips you described in your post as I lived in NYC.


It feels like upstate NY has a bunch of interesting places for affordable vacations IMO. But the average American would be like at any part of NY state that isn't NYC.

 

[NigerianDonDada]

Let them see the world better to do it now while they are young and can move. Rather that than being 60+ and flabby and sick barely moving right with money in the bank that you can't truly enjoy.

 

[SolesKing305]

They know once their grandparents and parents die they will get everything which is ALOT. The biggest transfer of wealth in human history is going down right now. If your people are poor and you're not getting any inheritance you better start stacking some Bitcoin or learning AI to stand a chance.

TRUSSS

 

[jwinfield]

No matter how much money you make you still have to live within your means. That's a problem that scales up because if you're making $35K a year and living beyond your means suddenly making $150K isn't going to teach you money management. People get more stuff, a bigger house, better SUVs/trucks. They live at equilibrium or a deficit to what they make.

Even if you commit to living within your means, that falls apart when the cost of housing, food, education, childcare, healthcare, transportation, and insurance increase significantly while wages are stagnant.

For Millennials going into massive debt for vacations; a lot of them feel like things aren't going to get better so its better to enjoy the time you have. I can't blame them with how things are going. Prices of things are skyrocketing before our eyes. I was born in 1994 and I remember a gallon of milk was like 99c, a good loaf of bread the same price. Hell even the regular size bag of chips, 1 liter pops were a dollar. How much are those things now? Might be because I'm an adult, but I am seeing the prices of things increase over months rather years.

I was born in 87. I remember in undergrad going to McDonald’s in the student union often to get two double cheeseburgers and a medium fry for $3.24 with tax. That same order now costs $14.

The most entitled useless generation yet.

Baby Boomers grew up with their folks telling them about the Great Depression.

Baby Boomers passed on their work ethic to GenX.

Times got better because of all the work the Boomers and GenX did and paved the way for good living.

Yeah cost of living is not great, but the access to food, travel, communication, medicine, etc., are far better than what it was 50 years ago.

There's a saying - "Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times."

Well we are in the middle of society creating weak men. Hard times is gonna follow soon enough.

Boomers and Gen Xers are the reason things are fukked now.

https://www.cnn.com/2020/01/11/politics/millennials-income-stalled-upward-mobility-us