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itsTacoYouDigg t1_jb2s4sf wrote

Reply to comment by PsychologicalBrush in A duo of 81-year-old women are on the adventure of a lifetime: Seeing the world in 80 days by OregonTripleBeam

younger generations suffering is such a myth. Did you know younger people contribute 20% of their paycheck to a 401k every month? Did you know that all of the grow in luxury sales last year came from gen z? Just because young people can’t afford to buy a 4 bedroom house doesn’t mean they are suffering, they are spending & earning a lot of money. The average gen Z has $20,000 saved for retirement already lol

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PsychologicalBrush t1_jb2uuxf wrote

You're spinning it as if gen Z were making a lot of money, the oldest ones are 26 if they have $20k savings it means they've been saving all their income very heavily and living frugally.

How do you think 18 to 26 years old can afford luxury items?

  • If they didn't do any studies and worked at 18 it means that they are spending above their means.
  • If they did studies they are just finishing the education so have no money either

The most likely case is that their families are wealthy to beggin with and advertising has become much better at targeting them than it was with millenials.

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itsTacoYouDigg t1_jb2vqj5 wrote

point is they are clearly aren’t suffering financially, just a common misconception. Most young people either live at home with parents or flatshare with other people, so they have more disposable income to spend on stuff

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PsychologicalBrush t1_jb2zl2h wrote

They can't fucking afford to have their own place and you're flipping it as if living with your parents or 4 other flatmates is so much better than being able to rent your own apartment!

You know, I think homeless people are the luckiest, they spend all their day outdoors, in the sun, doing absolutely nothing and they have no worries what an amazing lifestyle don't you think?

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itsTacoYouDigg t1_jb2zw77 wrote

by being priced out of buying a home they’ve already started planning for retirement by investing in a 401k plan, which is actually a better deal than buying a house especially with rates & prices so high. Sometimes the grass is greener. If they rented by themselves they definitely wouldn’t have been able to invest so much

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