Boomer bankers ask Did we ruin Millennials? Answer no.

Predictably, because they’re allergic to responsibility.

I’m onarollagay today.

Click to access millennial-student-debt-20151217.pdf

We find that young households’ student loan burdens, while growing, still look quite manageable given longer repayment terms and lower interest rates. That said, longer repayment terms mean Millennials will have to grapple with student loan payments later into life, while there are also troubling signs that a rising share of college graduates are not making any payments.

And this is just student debt, hilariously, like that’s all we have to contend with. The UK system is becoming like the US and the overall systems do mimic one another. But wait, there’s more!

Here’s an infographic, like we’re too dumb to read a report without pretty pictures attached.

“Lower employment levels and smaller incomes have left younger Millennials with less money than previous generations.”

“Student loan payments are taking up a growing chunk of postgraduate Millennials’ income.”

“With less to spend, they’re putting off commitments like marriage and home ownerships”

Problem? I see no problem here?
I covered the priced out of parenthood angle here.
It’s an impossible system. It is literally unsustainable.

crying laughter lmao

“The percentage of young people married and living on their own has dropped by more than 50% since the 1960s.”

Boomers wanted the Sexual Revolution, they got it.

“Millennials aren’t just putting off marriage. They’re also waiting longer to have children.

They’re gonna be so healthy. Despite all the anti-natal propaganda.

“Millennials may be putting it off, but polls have shown they do want to have their own families some day.”

~70%. Some day. Like a fairytale. A financial fairytale. They omit this motivation factor because it requires the dreaded R word.

“Millennials have been reluctant to buy items such as cars, music and luxury goods. Instead, they’re turning to a new set of services that provide access to products without the burdens of ownership, giving rise to what’s being called a “sharing economy.””

That is the vague sound of panic from GS with stock in the supply side of the economy.

“The must-haves for previous generations aren’t as important for Millennials. They’re putting off major purchases—or avoiding them entirely.”

You can almost hear them sweating. Did they invest in that overvalued property portfolio for nothing?!

“A growing percentage of older millennials are choosing to rent, not buy.

Sure, that’s our choice. Whatever.

“Quality is still key for Millennials, but price is a more important factor than it is for other generations.

Keep outsourcing to China.

We have the moral high ground too.

“For Millennials, wellness is a daily, active pursuit. They’re exercising more, eating smarter and smoking less than previous generations.”

And also we can’t afford it.

Good food is literally the only luxury we can afford. We were raised on the steady stream of news that everything causes cancer. Why do you think they’re trying to force GMOs? Price control. Price fixing. A monopoly on the only thing Millennials are willing and must spend more on.

“The Millennial generation is the largest in US history and as they reach their prime working and spending years, their impact on the economy is going to be huge.”

As for the parenthood question.

Horse’s mouth.

The rich kids know something we don’t.

I know a prep when I see one.

You’ve heard they’re lazy and entitled, but a recent survey added “forward-thinking” and “predicting a financial crisis” to the ever-growing list of millennial characteristics. The survey, conducted by LinkedIn and marketing firm Ipsos and released Thursday, found that two-thirds of wealthy 18- to 34-year-olds saved at least a quarter of their paychecks every month — possibly because 59 percent of them said they were anticipating another event like the Great Recession.

What gets me is, they think in a collapse, their savings would be safe?

They're so stupid it's a laughriot

What could explain this?

However, at the same time, young people were more likely than Gen Xers to say they were confident in the country’s continued growth. Almost half of affluent millennials surveyed were optimistic about the future economy, with 44 percent saying they believed the American Dream was “definitely possible.”

Cognitive dissonance.

They're so stupid it's a laughriot

The richer Gen Y also lack common sense. There is a God. The OWSers will lose their inheritance.

I leave you with glad tidings.

Read from “Millennials are Civic-Oriented”

It’s status signalling, it’s all signalling. The champagne socialists will lose everything.

I love it when tyrannical stupidity backfires

In case you think I’m being mean, here’s the IQ delusions we’re working with.

PwC Millennial survey (2015) revealed that British female Millennials are the most confident and ambitious of any female generation. 49% of them starting their careers believe they can reach the very top levels with their current employer.

Half (1 of 2) think they’re top performers (1%) regardless of evidence. Someone call the Dunning-Kruger people.

And according to a November, 2008 Pepsi Refresh Optimism report found that 81 percent of Millennials chose the word “hopeful” to describe their feelings about the future, 65 percent chose “optimistic” and 57 percent chose the words “confident” and “excited”.

Millennials have been raised to believe that we can accomplish anything. Our parents, teachers, coaches and all adults who have been a part of our lives, have drilled it into our heads that “if you believe you can achieve it, you probably can.”

That’s not a good thing. That is psychotic. That is literally magical thinking.

Our sense of “specialness” is what drives our confidence. It isn’t an individual confidence that fuels this attitude, it is a collective confidence.

Safe spaces.

We just aren’t letting these immense challenges that we have before us dampen our spirit. Instead, we are becoming increasingly determined to work together to solve these problems. We really do believe that things will get better.

They seem to be saying these things more to convince themselves than the reader.
I think these yuppies are full of it, Wait But Why was on the money.

Who says Millennials don’t have blind faith?
All I see when I look around is blind faith in a broken system. It’s quite astounding.

For example, assume the Boomers manage to sell off 100% of their retirement stock to Gen X at the price they desire. Gen X hold this and expect to sell it down again. How are Millennials meant to afford it, twice inflated already? None of this makes mathematical sense.

1. Be civil. 2. Be logical or fair. 3. Do not bore me.

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