OT: More great economic news: Millennials aren't saving a dime!

avatar for steve229
steve229
"Cash-strapped millennials are slipping into the red. People younger than 35 are not saving money, according to a study by Moody's Analytics. In fact, their savings rate has dipped to negative 2%, meaning that they're spending more than they have."

http://money.cnn.com/2014/11/10/pf/mille…

Probably waiting until they're more "established" to start saving. Just hope they don't have any "unexpected expenses" come up.

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avatar for Dougster
Dougster
10 years ago
I got an unexpected $5000 windfall this month, after a conference in DC was cancelled. (Drat! Could have rung up Stevie-girl when I was in town.) Save or trip to Detroit?
avatar for san_jose_guy
san_jose_guy
10 years ago
Most young people today really don't have much of a future. Even more so it they are saddled with college loans. It is not so much that we are doomed, it is that our system is broken. Makes no difference if the economy is up or down. That is meaning less. Our system is broken.

The real problem with this is that once they can make a law like that, one which applies to no one except strippers, they can make any other law which applies only to strippers.

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SJG

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avatar for Dougster
Dougster
10 years ago
DOOMED! Because Stevie-girl said so.
avatar for Dougster
Dougster
10 years ago
DOOMED!
avatar for Dougster
Dougster
10 years ago
Absolutely DOOMED!
avatar for Mate27
Mate27
10 years ago
Who the fuck is motivated to save when you're young, dumb, and full of cum....which describes most Millennials. Once responsibility hits then you know the non-saving behavior isn't sustainable, and then your focus changes from having fun to having security. Winston Churchill said it best, "when your young it's great to be idealistic, but as you grow up its time to get real!" Much like when your 20 yrs old and you're not liberal, you have no heart, but when you're 40 yrs old and you're not conservative, then you have no brains.
avatar for Dougster
Dougster
10 years ago
I'm not sure I understand stevie-girl's logic to begin with. They are DOOMED but they should be saving? Like when this apocalypse he is forecasting hits and they are all dead they will at least be happy they had money in the bank?

avatar for Dougster
Dougster
10 years ago
That steve229 sure not the brightest guy ever. Guess he thinks if he quotes headlines from The Economist he will look sophisticated and nobody will notice.
avatar for Dougster
Dougster
10 years ago
Save or don't save. All DOOMED either way!
avatar for slaux.pas
slaux.pas
10 years ago
Your such a retard Dougster. Stop being a retard
avatar for Dougster
Dougster
10 years ago
Lol!
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