How Gen Z Became The "Buy Everything, Own Nothing" Generation

[@NancyLebovitz]

I'm shocked at seeing "make four interest-free payments" for $50 items. It seems to me that if you can't buy the item for $50, you're running awfully close to the edge.

[@TheAwesomes2104]

Stats say that 60% of Americans are living on the edge of financial ruin should they encounter a $500 emergency. I am in my mid 20s and, while I am super lucky to have been able to secure a home and vehicle in my name and a living wage job, but before that those $50 no interest, pay in 4 plans bought me groceries when I needed the $50 in my hand to put fuel in the car to get to work for just a few days before payday. Sure, you can definitely get screwed over by them, but they have quite literally kept me from starving before. What's really shocking is that a lot of hard working people often have to take out debt just not to starve.

[@NancyLebovitz]

@@TheAwesomes2104 Yes, I don't think I made myself clear-- it wasn't that the people who need the installment plans are making a mistake, it's that the commonness of the plans are an indicator of how many people are close to the edge.

[@Anibanks941]

If you don't have the mindset of a millionaire you can never be one.. you need to think rich, invest rich, before you get rich. You can't jump to success, you risk for it you sacrifice for it, you can't appear to be rich if you can't take risks, success is for risk takers .. if you would like to start up and investment platform for yourself ask me. I would lead you through the way to financial freedom.. be wise and secure an investment now..

[@TheAwesomes2104]

@@Anibanks941 this is true. If you don't have the mindset that it is okay to exploit others to your advantage, you will never be rich in this country.

[@Heisbig]

But from a strictly financial viewpoint being able to spread payments out for zero additional cost is the best move you can make..... Assuming you're financially literate you can pay off higher interest Debt with the money you keep in your pocket or invest in the stock market, bonds etc... that said I know that almost every person will only buy more consumerism at its worst.

[@kathrinlindern2697]

Quick note: The attention span quote is a myth - the study was done by marketing people trying to figure out how long humans would pay attention to *an ad* before deciding it is irrelevant. It's not the general attention span.

[@lesslycarthan956]

I'm a advertising major I knew exactly what this we had 30 seconds to make a commercial the company came to us and said shorten it to 15 seconds so we can cram 2 commercials in a 30 second slot for the same budget to make more bottom line profits. Yes your right now it's 7-11 seconds per commercial unless it's a jingle we want the jingle to stick so 15 seconds or 11 seconds repeat liberty liberty liberty

[@vylbird8014]

The aim now is to get the audience's attention in exactly five seconds: That's how long it takes for the 'skip ad' button on youtube to unlock.

[@sicsempertyrannishonk7197]

You're mistaken. You can't talk to a zoomer for 20 seconds without them reaching for their phone to "check it." I hope you open your eyes and see reality at some point and find your way through the denial you are currently in.

[@kathrinlindern2697]

@@sicsempertyrannishonk7197 If that's your experience, you must not know many "zoomers" and also be very boring to talk to.

[@j.arelylopez3053]

@@sicsempertyrannishonk7197you can’t correct something with your own experience and opinion.

[@elizabethhiltsfilm]

“Gen Z drinking habits are killing concerts” what about, arena alcohol prices are killing concerts. I am not paying 15 dollars for a cooler that would be 3 dollar from the store (true story. Thank you Budweiser stage)

[@mister_manager]

I suppose the solution for saving concerts would be "what are you willing to buy that a venue can turn a profit off of" since I'm pretty sure it can't just be raising the price for a ticket. Maybe it has to be some kind of collector edition item, though that gets crazy expensive if you're customizing it for every performance

[@phil9947]

You'd think these arenas would be grateful that anyone is still going to concerts at all.

[@fairywingsonroses]

I think a lot of things are contributing to the demise of spending on and at concerts. I remember trying to get tickets to something, and third-party sellers were selling them at quadruple the price that the actual venue was selling them for. It's not always obvious that you're buying from a third-party seller either, as many of them are not labeled as such. You really have to know the market to be able to identify them in a lot of cases, and that extra cost doesn't go to the venue or the artist that is performing. It goes to the third-party seller, who provides literally nothing except the tickets that could have otherwise been bought for a lot less on the venue website. With so much money spent on tickets, it's no wonder that people are choosing to not spend on other items, such as alcohol or snacks.

[@sp.2778]

@@fairywingsonroses you hit it right on the head. i spent $600 to see beyonce last year, there was no way i was spending more than $4 on concessions. that $4 in question bought me a box of sour patch kids and that was it lmaoo

[@steveeuphrates-river7342]

Boomers are the ones at the concerts who pay $15 for the FU beers.

[@crystalcarrette1348]

I’m mostly a thrift shopper and it’s crazy how much Shein clothes are donated without ever being worn. They look nice enough on the hanger but the fit is always terrible.

[@saalank]

Never heard of Shein until I watched this video 😂

[@Ella-g2m]

They aren't worth buying even at thrift store prices. Two washes and they'll be falling apart. It should be a crime what Shein has done. So much polyester destined for a trash bin! I don't care how good it looks, I won't buy it even if it was a penny.

[@j.arelylopez3053]

It Sucks! The quality sucks but some are decent. I bought shorts from them years ago and still have it. Probably those knitted sweater fabrics wear really bad from the pilling.

[@TheRealRedFlashlight]

Clothes that look good on the hanger are designed to look good on a hanger.

[@sing2meh]

My cousin is a big SHEIN girlie and I get hand-me-downs from her. Ive found that lot of the clothes last a long time and wash well…because they’re literally made of plastic 😂 I mean I feel like I’m wearing a shower curtain. And they make me so sweaty because they aren’t breathable at all 😅

[@namenamenamename7224]

My heart breaks for Gen Zers who have done nothing wrong to inherit an absolutely unhinged housing market and healthcare prices as well as an awful job market.

[@07Flash11MRC]

Well, so did millenials and to a degree also younger gen xers.

[@mrbanana6464]

Things are only ever going to get worse. We're in late stage capitalism now

[@lasskinn474]

the few who put in slight effort, know how to TYPE WITH 10 FINGERS and can do some math in their head will be ABSOLUTELY GOLDEN. they have so much easier access to information to educate themselves in any niche field they choose and so many of their age peers will not do that. problem is of course that they're shown a lifestyle by the millenials and boomers. you're 400 pounds? blame mcdonalds and poverty.

[@xLightningbolt]

@@lasskinn474yes because ‘educating’ yourself via google, podcasts or general research online is sufficient enough to get a job in ‘any niche field’. You’re so out of touch.

[@My_name_is-]

Nah bro, stop equalizing the struggle. It was not easy for millennials and late Gen X, but don't act like we are in equal footing when it came to buying power and opportunities. @@07Flash11MRC

[@lancelobato]

social media trends turned the "experience spending" into the "FOMO spending". and this is terrible.

[@netteloveszebras]

Getting off of social media has been the best thing for my mental health as well as my wallet.

[@PraveenSrJ01]

@@netteloveszebrasdoes that include KZbin ?

[@kuebby]

It's almost like social media is the real problem. I don't know why anyone buys ANYTHING through social media apps, it's by definition garbage, because if it wasn't they wouldn't be giving the social media app 20-30% of their gross revenue.

[@cesarcortez-xh2nw]

@@PraveenSrJ01especially youtube, those review videos and a bunch of advertising of products makes you want to buy it way more

[@Sophmorical]

Seeing that bikini haul really made me realize how much has changed in 20 years. I remember going shopping for a new swim suit every summer, as in one new swim suit worn for the year. I didn’t have a collection of bikinis, I had one as did most of my middle class friends. It would have never occurred to me that I needed to own multiple bikinis.

[@suides4810]

So you just threw them away after a year? Does that sound better to you?

[@thatjillgirl]

And even that was overspending, I think. I remember when a new swimsuit every year sounded like a reasonable thing for people to be doing. Now when I hear that, I just wonder what on earth people are thinking throwing out perfectly good swimsuits that still fit, just so they can have "fresh" one. And now, yeah, people are buying multiple swimsuits every year. One for every day of vacation, that sort of thing. It's wild.

[@beccalife275]

And if you had multiple it was because you could fit into last years

[@Sophmorical]

@@suides4810 I certainly wasn’t just throwing them away. I either outgrew them or they fell apart because they were $30 target swim suits…

[@Ykoz2016]

I talk about this all the time! It’s my “back in my day” speech. Owning only one swimsuit at a time and only replacing it when it fell apart (or accidentally got left behind at a hotel while on vacation 😬). 😂😂😂 (And yes! Also always from target, and always fell apart after a couple of years, even with mending. 💯 my exact experience too 👍)

[@milikoshki]

"intergenerational fighting is deeply un-chic" Could not agree more. The NYTimes loves to lean into the generational divide bs, and reading the comments is always incredible. I never understood how one's generation could feel like an identity but some people go really hard on that front.

[@j.arelylopez3053]

It is so sad and ppl in my generation have not realized they gave themselves an ageist mentality by being apart of the argument. And some just don’t care if they are being ageist and rude cuz ppl can be nasty.

[@squarebear619]

It is just like people who get way too into sun sign astrology and use it as a personality and identity to discriminate. Intergenerational fighting however is not a new phenomenon but marketing strategists take full advantage of it and make it worse.

[@tilaweed6095]

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[@tilaweed6095]

😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😅😅

[@kathrinkaefer]

I agree! I'm a Millennial but I have sympathy for Gen Z because we were in a similar position not long ago.

[@anjumsings9827]

I'm working towards a masters in social work right now, and last semester I took a human rights class. During a end of semester casual chat in the class, Shein came up, but *favorably*. People were talking about rising costs and "how is x so expensive when we can get a shirt for $8?" And I was like "hahaha, talk about human rights abuses", trying to hint that Shein is the problem in this scenario, but the people involved--including the teacher, mind you--clearly didn't get my comment. I was really shocked that even social workers and social workers-to-be had their finger so far off the pulse

[@jenniferpearce1052]

I get the feeling that a lot of young people (not all) don't really understand the relationship between labor, product cost and worker income.

[@thegirlwiththecurlyhair]

I had a class last semester that was focused on capitalism. Half the class was in a social science and the other half was in business. Lots and lots of disagreements in that class lol especially on fast fashion week

[@Jaylade]

the ignorance runs strong

[@Gabriel-vj1cf]

That sounds like a terrible thing to have that much schooling in.

[@pokelover02]

Yikes yikes yikes! I’m thankful my public administration cohort wasn’t like that. But most of them were middle aged

[@KaraMarisa]

Gen Z is coming into adulthood with such high rental expenses, it's actually criminal rates out here.

[@tuttuttut7758]

But Gen Z has other advantages. I’m somewhere in the middle on toast and avocado and the extortionate house prices. Whenever I talk to Genz, having a box room first and slowly moving into a starters studio apartment with second hand stuff isn’t good enough. It’s a generation that’s used of always hearing yes when growing up, getting it now etc.. they see no future so they spend it on stuff and memories. I’ve lived with housemates throughout my 20s in a boxed room that was just 8m2. After that a slightly bigger studio of 14m2 with a shared bathroom for years. I was able to buy a very small studio of 33m2 when 8 hit 30 so I did. And that was through sheer luck that I was able to. I didn’t have a fridge the first months, no curtains for the first 3, no washing machine for 6 months so went to the dry cleaner. I don’t own a car or even a tv. I don’t know, I feel like GenZ and children today have a very warped look on reality. Yes it has become harder to live life on a single income, house pricing is extortionate but the wages are a lot higher now then with the financial crisis and at least there are jobs to begin with. Every generation has its issues. I’m 40 and still paying of my student debt I think they’re just terribly prepared for the real world, hence the huge burn out numbers.

[@PrincessPisces00]

@@tuttuttut7758why can’t yall just admit that things are fucking awful??? Why are y’all in this competition of who had it worst? Gen z is working hard if not harder than any generation and for NOTHING!! This isn’t a fucking competition of who had it worse, ITS BAD!! Stop blaming it on preparation!!! Millennials got every excuse in the world for their failures but when it comes to everyone else? Y’all are boomers fr

[@Brad14397]

My college dorm rent with 4 roommates was the same $800/mo as my parents mortgage on a 5bed ☹️ Guess I screwed myself by not being born earlier in the pyramid scheme.

[@KaraMarisa]

@@tuttuttut7758 I'm more of a guacamole person when the 5 piece aguacate bags are on sale for $1.90. Anyways, was just trying to get at rents being like 60-70% of the average monthly income per month, and that's not even necessarily a bachelor/studio apartment either.

[@tuttuttut7758]

@@KaraMarisa Thats however not just the Gen Z. Millenials also have to deal with that. Not to mention the 08 crisis. Im just not in the Oh this generation definately has it the toughest yet crowd because historically speaking theyre not. Dont get me wrong, theyre definately shafted on the housing, work life balance sucks etc.. But there is a lot they can do now that other generations couldnt which also makes life easier. Hence, im in the middle on this

[@jessicabeshears1701]

I really felt the loneliness and isolation, and then I got off social media/forums for good. Despite not really changing any other habits besides just texting my friends instead of messaging over the apps, those feelings vanished within a day or two. Fear of missing out with the doomscroll is what's actually making us miss out

[@netteloveszebras]

THIIIISSSSS me too!!

[@ЕленаБорисова-т2з]

Same here, got rid of social media and started feeling better than ever

[@TamGood]

Me too, but I also enrolled in classes of things that I'm actually interested in and have enjoyed meeting other people with similar interests.

[@PraveenSrJ01]

I will definitely give it a try. Thank you so much for commenting

[@mah_6632]

yes!! i am about delete all my socials except for yt bc I enjoy watching yt.

[@ErikaRachel]

Although this situation seems bleak, I’d beg people to remember that most of us make some big mistakes in our 20s. Take heart in the fact that by our 30s most of us have learned from said mistakes, and course corrected. The probability of ad fatigue is high, and most of these heavy shoppers will grow up to prioritize other things.

[@CalamityCannon]

YES this!!! There's a bigger microphone (and arguably microscope) on it, but some things are also just people being young. These trials and troubles are just much more documented and narrated, and affected, by others doing that too (as well as marketing and manipulating)

[@j.arelylopez3053]

That’s a very good point and sort of brings light back into the situation. Yes one day we’ll learn from our mistakes and teach gen Alpha:)

[@Wadlebutt]

the issue with this is that the youth a few decades ago had much more room to make mistakes than they do now

[@jsedge2473]

Your 20’s are your greatest decade of growth in all forms… relationships, education, finances. You can’t get that back. I think it’s incredibly damaging to pretend like it’s just okay and normal to start your life at 35 lol. Most people will never prosper the way the would if they started it at 22 instead of making years of horrible mistakes.

[@danielj6454]

It just sucks that the economic conditions we emerge to our 30s don't allow for us to easily, if ever truly recover from these mistakes.

[@hellmagex]

Gen Z struggles with instant gratification because they have so little access to any long term form of gratification

[@netteloveszebras]

I disagree. Long term gratification can come in the form of hobbies, like teaching yourself a craft or an instrument, or growing plants. There are some extremely affordable hobbies, but it requires time and effort to learn new skills and get good at things. I overheard a girl at Michael's say to her mom "I don't want to learn to crochet, I just want to have it"

[@4u2cre8]

@@netteloveszebras I'm not sure that counts since hobbying is a form of instant gratification in itself, even if what you're doing takes a long time to master.

[@arh1234]

All the long term versions of gratification are still there. Some are harder than before, some are easier. Being a homeowner isn't everything

[@DuffyGabi]

Bull. My three daughters in their 20s are materialistic far beyond what my wife and I were in our 20s. This generation is pampered, insecure and looking for validation. For all the therapy that people have received they are rudderless on the ocean. They are narcissistic and fragile. If WWII created the greatest generation, the 2000s has created the weakest generation.

[@W0Rd0n32sTre3T]

​@@DuffyGabiwho nurtured them that way? Those born after WW2 thats who

[@ssgg23]

The one girl’s point about advertising seeming more organic with influencers and stuff is super weird to me. It always comes off as a more overt manipulation when I see influencers “casually” recommending a product online. Also, aside from my home loan I never never never do payment installments or buy now pay later schemes. It’s important to feel the pain of a big purchase because it keeps me from overspending lol

[@ohmyskulls]

I think the point about organic advertising is not so much about blatant influencer recommendations - it's the things you see in the background, outfits people are wearing, places they go, or even just the fact that they're going to concerts, traveling, or out to eat, that may influence a viewer to want to do the same even if they're not aware of it. Even if someone's regular friends are constantly posting about going out to eat or getting drinks, that often influences their behavior. And we already know that when influencers wear certain outfits, that can cause a surge in purchases even if they never reference their clothing and are just wearing it.

[@rhythmandblues_alibi]

​@ohmyskulls good point. Its far more insidious than sponsored content, its like product placement in the movies. Remember when that was something we got up in arms about 😅 seems so quaint now.

[@ohmyskulls]

@@rhythmandblues_alibi exactly! and if someone has home decor in the background of their tiktok or is wearing cool earrings, we're probably not thinking about that as product placement in the same way that we would if a musician suddenly starts sipping a Pepsi in a music video lol

[@eddiemonster2928]

why are they called influencers

[@dj.1094]

@@eddiemonster2928they are paid by companies to advertise their products to influence viewers to purchase them through social media

[@iliketoknit]

I am an older gen z. I graduated college at the end of 2020 and got married 1 month later in 2021. Im afraid to tell my older family members for fear they’ll say I’m whining. But honestly, I feel like I was robbed of two very big moments in a persons life. My life was set up so perfectly as I was about to graduate college, but then the rug was pulled out from under myself and all my friends. It’s been 4 years and some old classmates with high GPAs are still struggling to find a job related to their degree.

[@nursemallorey]

Same exact situation here. Graduated into a broken healthcare system in 2020, and got married in early 2021 with a VERY different wedding than I imagined.

[@netteloveszebras]

Same. Graduated December 2019, was supposed to walk in May 2020. Thankfully I was able to get work, but I really feel like I missed the chance to experience being a young person. I never partied or went out in college because I was busy studying and working. It feels like the fun part of being in your 20s was taken away from me, and I just look forward to turning 65 and retiring, and hopefully having grandkids to love on.

[@lesslycarthan956]

I graduated high school 1987 right into the stick market crashed and the great recession

[@baby.nay.]

I remember starting college in the recession of 2008 … you’re not whining . What you and your peers are facing is completely fucked. Many people my parents age and my parents made me feel like dog shit and I also got As in every class and ended up having to work 3 waitressing jobs after I graduated. I completely sympathize. It sucks that some millennials like me are still stuck in a stagnant plateau, so then we’re still competing with you guys for the entry level jobs , it’s not fair to people just starting their life out like you . I wish you the best , I wish I had better advice , but just don’t beat yourself up and let parents or others who had an entirely different set of circumstances compare their success to yours .

[@KristinA-xv4yk]

Ugh. Millennial Auntie is really sorry to all you that didn’t get to have a traditional graduation 😢

[@jcg03002]

I'm only 3 years older than chelsea and recorded songs off the radio. You liked a song and listened until it came on, then pressed record as quickly as possible!

[@MultipleOffenses]

...and hoped the DJ would just STFU and let the song play, rather than barking over it for 45 seconds. 😎

[@clerbie]

@@MultipleOffenses THIS

[@Yellowsubmarie1]

I was sitting with a microphone in front of the TV in the living room to record my favorite songs from the weekly music show - and my mother came in exactly when they were playing my favorite only for saying „you’re sitting too close to the tv, it’s not healthy“. EVERY TIME! 😀

[@blackgemstone801]

Few years younger and i was banned from the car until I got my license because I kept killing the battery while waiting for songs to come on for me to record them on my phone lol

[@latristessdurera8763]

Me!

[@HM-pw8it]

As millennial that grew up with poor grandparents and poor parents then married an immigrant who also has poor parents it can be annoying when peers act like they’ve worked “so hard” but in fact they got an inheritance from their grandparents and their parents gave them the down payment for their house 😒 I try not to compare myself with anyone but sometimes it’s hard and feels unfair. Any insight on how to not let that ish bug me?

[@lidewijcroes1795]

Someone is always going to be better off than you, and someone else will be worse off. That’s unfortunately just life.

[@eggrat6]

I try to remind myself that I would rather be poor than wealthy, if given the choice. I find that wealthy people are often out of touch with the reality of the majority, less empathetic, and no more deserving or hard working than I am.

[@HM-pw8it]

@@lidewijcroes1795 I do understand that. I was more so asking for advice on how to let the resentment/envy go because I don’t like feeling that way.

[@HM-pw8it]

@@3ssila0606 this was so so helpful, thank you! ❤️ I have noticed even in shows about “struggling families” like ‘This Is Us’ everyone turned grew up to be wealthy, powerful, or famous. What are some shows you’ve been enjoying that have more relatable characters?

[@HM-pw8it]

@@eggrat6 well put! ❤️

[@rrenatabp]

Haven't got through the whole video but what Sawler is saying about gen z's being primed to inherit this great economy in their teen years and then watching all of that crumble as they became adults is very much what brazilian millenials went through in the 2014-2016 era, which the country still hasn't recovered from. I remember chatting with a friend in 2016 when we were about to graduate from university and her words to me were literally "can't belive that when it's our time to go out into the world everything is turning to shit". It definitely is an awful feeling

[@Skittl1321]

and what happened to american millenials in the 2008 great recession here. Most still haven't recovered.

[@rrenatabp]

@@Skittl1321same here. it feels like we're all stuck in this endless cycle of crisis after crisis after crisis

[@pleasedontwatchthese9593]

I rmb hearing that brazilian economy is one of the craziest in the world

[@rayzerot]

​@@Skittl1321Yeah she talked about the promising economy going to hell just when people were graduating and I sat there thinking that she could have been talking about the great recession in 2008 and no one would have been able to tell the difference

[@Silvie.1]

Turn off the news and have a look at your life from your own perspective. It helps a lot toning down the noises and explore your own personal possibilities. Make the best out of it. We have the best and most comfortable life in the history of humans.

[@thatjillgirl]

"Spend money on experiences, not things" only helps if you.....HAVE MONEY! You can't just be paying for things with debt again and again and again. I put a lot of blame on social media influencers who have made constant spending seem like it's a normal thing to do. It's not.

[@Jhddtukbdd87542]

The only reason I’m using any vacation days is bc I caved and got a travel points credit card. Why would I spend 2k cash on a trip if I can use a credit card and be reimbursed if the resort cancels or there’s a hurricane? No one is saying that they’re not using credit cards, and if they’re paying for all these big trips to tropical destinations with cold hard cash they’re dumb bc there’s usually no/smaller refund that way. I wish influencers would just be honest about using credit as a tool, bc it is a tool.

[@thatjillgirl]

@@Jhddtukbdd87542 I never said to not use credit cards. I said to not use *debt.* If you're paying off your balance each month, by all means, credit card away. I certainly do. I earn tons of cash back from my credit cards every year. But there is a difference between paying for things you have the money for via a credit card and just taking on debt spending money you don't have now and likely won't have within the next month. There are some things in life where utilizing a loan to pay over time makes sense. There are no things where utilizing credit card debt with its high interest rates makes financial sense. The only reason that should happen is if you had some sort of emergency arise and no other option to pay for it. Vacations are not emergencies.

[@ObsidianxAlice]

I appreciate the thought at the end - if we want the next generation to make better choices, we have to make better choices available. As a Millennial, I have a lot of rage about how shat on we were by the generations before us - I don't want to do that to Gen Z, and as we do come into a more stable and secure part of our lives (relatively speaking), it is on us to remember the parts of the system we wanted to change or remove, not just for ourselves but also for the next generations.

[@ellajorgi2478]

I actually think that if the jury comes back with the "galvanize!" verdict (Chemical Brothers anyone?), millenials should join the ranks ✊

[@fairywingsonroses]

I agree. I feel like my entire life has been me working hard to try and beat a system that was rigged for me to fail from the beginning. It makes me angry that I wasted so much time and energy trying to make it work when it was literally impossible. I can honestly see why Gen-Z is so cynical about long-term financial planning and why they have turned to instant gratification over long-term financial stability. As a millennial, I feel like a failure, and while I recognize that that largely isn't my fault, it doesn't feel good to know that my life is half over, and the odds of me achieving even basic financial goals are slim. I truly want new generations to have better options and opportunities.

[@nikkijohnson5147]

I’m a millennial at 42, literally one of the oldest. My son is Gen Z and will be 22 in May. We’ve worked hard to help him basically avoid every single bad financial outcome or thought trap listed in this video and it’s worked. He’ll graduate debt free in May and move out in Aug to attend grad school with limited financial support from us. He’ll pay for the immediate cost of an apartment with the nearly 10,000$ he saved over the last 3 years. Bc he put up with living with his annoying yet loving parents for all of his undergrad experience. But I feel for Gen Z.

[@fairywingsonroses]

@@nikkijohnson5147 My kid is Gan-alpha. She is in 4th grade, and I have to literally drag her through her education. If I didn't force her to do it, she wouldn't. She self-sabatoges at school and is excellent at flying under the radar, so she never gets the help she needs. But she's also not dumb. As a 4th grader, she's already realized that mommy can't afford things like housing or fun activities. She sees me, a college-educated millennial, literally drowning financially and unable to achieve any major goals, despite us being basically debt free. She's keenly aware of the fact that people don't care about the planet or the well-being of others, and she doesn't want to invest her time and energy into that world. I don't know what she plans on doing to get by, but I guess she has a few years to figure it out. I think gen-z will be the last generation to take things like school and higher eduction seriously. I don't see my kid going to college or avoiding financial traps unless I force her to.

[@patriciamay6396]

This is propaganda. More true is that Gen Z mocks older people and considers them irrelevant and in the way.

[@dweebcentric]

The montage of “buy these” Tik Tok clips is more indicative of things young people do to make a living. They’re affiliate marketers unfortunately pedaling cheap junk. It says a lot about the economy, and maybe labor (job skills, etc.) and what that means for that generation’s future.

[@theladynextdoor313]

THIS. Yes, valid point. They don’t want actual jobs with discernible skills, they just want to sell stuff via social media and think it’s such a hard job 😂. It’s pretty ridiculous.

[@k80_]

@@theladynextdoor313this is extremely uncharitable and intentionally misses the point of the social forces involved in the job market. when was the last time you tried to get hired at a traditional job? these “affiliate marketing” schemes are just the next evolution of pyramid schemes, just with the license plates swapped. people get sucked in because they’re either desperate or see it as easy money, and do it for as long as it takes to realize it’s not working

[@PraveenSrJ01]

Exactly

[@phoebethesapphic7289]

@@theladynextdoor313I wonder if they mean that these gigs are side jobs. people who work on social media have REAL jobs too but cannot make livings off of them so they have to find another way. There’s many young people working multiple jobs AND turning their hobbies into side gigs. Many of these people who became influencers were not rich prior to their social media accounts- they had jobs that didn’t pay them enough so they “got another job”! Just like you older people always say: “jUSt gEt A bEtTeR jOb!” And now it’s backfiring because people can do other things with their time than work at gas stations and restaurants/fast food and healthcare, making all these jobs extremely understaffed.

[@melodawg2k211]

@@theladynextdoor313was your head smushed in as a baby, most of us go to college, military, and try to go to careers that have historically been successful

[@user-te5po4bu8o]

I’m so sorry kiddos, I worked my whole life hoping things better for you, but it’s not better yet. Do the best you can. We cannot control the circumstances of our birth, only the spirit we put in to getting through it ❤️

[@mariapastorelli6354]

The irony of getting 5+ ads during this video trying to make me buy random stuff I don’t need 🤣

[@out_spocken]

Which means you're not 'paying' for KZbin and haven't bought premium. So not really ironic. Who pays for this video to exist if not you or you or companies advertising?

[@Sm1lingRussian]

in 2024 still dont understand why people doesn't use Ad blocking measures internet without 98% of ads is so awesome

[@georgewashington1196]

@@Sm1lingRussianwhat’s a good ad blocker?

[@olinelvgreen2062]

​@@out_spockeni only buy it so i cant listen to videos with my screen off

[@rizza_]

People buy from Shein knowing that it's cheap and horrible quality because stores in the US sell clothes that are expensive and... also the horrible quality.

[@JAM661]

Really? My clothes last for years. Maybe it how you are washing them or what crap you are buying.

[@DieGurkenfresser]

​@@JAM661 So can they 😂 Its the Same crap from the Same group of crap. Its stupid to believe that spending 10x as much will get you high quality. Sorry to burst that bubble

[@arguy_4420]

​@@DieGurkenfresser I have various shirts and sweaters from Woolrich, Lands end and Patagonia that have lasted me the better part of a decade and are still fine to wear, while my random cheapo T-shirts from Walmart and online stores barely last a year or two before they fray, shrink and fray too much to be wearable. There is quality still out there, it's just not normally found in trendy fast fashion garbage and it's admittedly pricey

[@Erin-rg3dw]

People sometimes use the "it's all I can afford" line, while spending $50 on a bag of clothes that won't last instead of buying two $25 shirts or something. Or going to a thrift store and paying less money for the same or better quality.

[@carmilmercedes3855]

​@@Erin-rg3dw I agree!!! The problem is the constant wanting of "new clothes feeling".

[@silvermay9026]

"People with no money are choosing to pay for only necessities" CRAZY STUFF Also: I feel it is very important to note, every person my age(gen-z) knows and has used "old tech" , maybe rich kids my age grew up with phones or tablets but that is not the reality of many childhoods lived near me. I feel my relationship with technology is FAR closer to older millennials then to the truly plugged in childhood of my brother and cousin (7 years younger and gen alpha). So yes children born after 2010 had iPads, I was seven when that happened

[@aweme98]

Yeah, I'm 26 and hadn't even seen a computer in a home until I was seven. The idea that I grew up with iPads is wild considering I'd never even seen an iPhone irl until eighth grade.

[@bumblebee_ms]

I truly miss Limewire and Napster. One bit of advice to the youngens...cook your own food (while listening to a podcast).

[@transsexual_computer_faery]

soulseek is still around, emule too i think

[@rachelmikulinsky5884]

There are apps for this as well nowadays. You can directly stream anything instead of paying for a thousand different streaming services.

[@coda-n6u]

Pirate media!!!

[@bumblebee_ms]

@@rachelmikulinsky5884 They were free!

[@bumblebee_ms]

@@rachelmikulinsky5884They were FREE!

[@4zn1nv4zn3]

I felt lucky that when I got my first credit card, my mom told me to always pay off the balance in full so I enabled that setting on my card. So purchases I made on my credit card would show in my bank account that month. So I never looked at a credit card as a "get now, pay off later down the line" and practically used it like a debit card, wondering if i had enough money in my account to buy stuff. It's hard to fathom material temptations and sneaky advertising overriding my not wanting to spend on something I couldn't afford..

[@MissaBrevis]

Yeah, my parents drilled that into me too - I pay for everything except bills with credit cards so I get the perks and cash back, but I pay everything off every month and if I'm not sure I can afford something, I look at my checking account, not my credit limit.

[@4zn1nv4zn3]

@@MissaBrevis That's so on point "I look at my checking account, not my credit limit." the credit card companies would raise my limit like it some big celebration but it would never change really change my spending habit.... the only things i would pay off over time w/ interest would be a mortgage or maybe a car (I'd try to pay off completely if i could)

[@AndreaSofialamusdaza]

X2, my parents said that the only reason one should actually use the credit card is when there is an emergency, for example medical bills for an accident. (I don't live in the USA btw, our medical expensences are not imposible to pay)

[@jenniferpearce1052]

Your mom parented! The problem is that people haven't been teaching their kids this and a lot of people haven't been living it. Americans in all age groups carry crazy amounts of consumer debt for things they don't need.

[@xavierharris4036]

I have stage 4 cancer and I'm 24 I want to work so bad, I don't miss the ups warehouse but I do miss the produce section lol jk I'll find pride in anything I do. I will find value in my labor because we all need each other to make the world round

[@geewiz8253]

Hey. You can do this. ❤ 💪

[@sugarwaterpurple5280]

🙏🏽

[@Nisa-gm5wg]

Praying for a complete healing for you❤

[@taleakent4828]

ur spirit is admirable-keep on fighting! We need more people like you around! :)

[@bassiedappie635]

Please heal, hope you recover

[@May-qb3vx]

I still can’t afford to move out, so I’ve decided to make the most of it and paid off my student loans and save 40% of my income (both in HYSA and retirement accounts) and I’ve been told by my friends that I’m not going to be able to live my life because I budget so precisely. I refuse to compromise on my savings rate. When I can move out, I’ll have to scale way back on my savings. I can afford to stockpile right now, even if that means not letting my impulse purchases get out of control

[@Nisa-gm5wg]

You are so smart and leave those naysayers behind in the dust. I’m Gen X (51, hubby is 55) completely debt free (mortgage free too), put 2 kids through college debt free, retirement $ looks good and have a 2 year emergency $ fund and a 2 year food pantry supply. We’ve always been frugal but the pandemic put us in overdrive too. We plan to retire 2027 when my last child graduates high school and goes off to college ( her college is funded too). We can make it on hubbys pension plan and his 401k. Social she will be just extra $ for us if the government lets us even get it. Getting rid of all debt and investing was the best thing we ever did. We started doing all this in 2009 so anything is possible. I pray you succeed in all that you do Just in case you are wondering.. we live a great life and still are able to go on vacations. Don’t be normal and do what everybody else does either. I like being called strange/weird. I just smile and live my best life

[@JAM661]

Yea but what are you doing with that money. You need to take some classes about investment so you can make that money grow better.

[@sarahmc8309]

That’s why I did and has money saved into retirement and €60k savings and savings into my son college . Now moved out and easier manage life

[@esmfamil5086]

I haven't watched the video and I'm already pi**ed. This topic makes my blood boil. As someone who's trying to break out of poverty, subscriptions are the bane of my existence

[@LilyEvans1996]

How many do you have?

[@esmfamil5086]

@@LilyEvans1996 none bc I put my money where my mouth is. But pretty much everything from mobile apps to cources to news to movies to certain websites to textbooks... all require subscriptions. I have paid for a few months in the past but made sure to unsubscribe as soon as I was done. Most of the time anything electronic I need is subscription based. And we live in the age of technology

[@mironsk8]

Why are you censoring your language

[@SusanaXpeace2u]

​@LilyEvans1996 yeh,, when I was without income, I cut them all. I make decisions about what I want when I actually want it. Audible, netflix, prime, it all adds up.

[@LilyEvans1996]

@@SusanaXpeace2u true. It does add up. I got rid of my prime. I share Netflix with my fam (shhh don’t tell Netflix lol), I don’t have audible but I do have kindle unlimited which is nice.

[@teragram8006]

I think a key thing to note is that EVERYTHING is so branded and productized now and either dependent on, or selling us on, a monetary exchange of some sort. Streaming & tech subscriptions, brand launches, in-app purchases, gym membership, tiktok trends (booktok, stanley cups...) It all adds up to spending more $$$ without really noticing.

[@jeza-jezaro]

It really doesn't look good when the very first speaker starts off with nonsense. I don't know what rosy future she was promised, but we've been talking about stagnating wages, increasing cost of education and housing since the 2008 financial crash. The event that millennials were faced with. I think this generation are very much aware that they are inheriting a broken economy.

[@markigirl2757]

I think we get gaslit to think these things bc our parents and their parents were in denial and it seemed to be a think for parents never to show weakness to their children but in the end it backfired on the parents bc eventually their kids will find out it’s fake

[@JKyall]

Having Gen Z talk about older generations not willing to retire is giving me deja vu. Babes, that's one of the reason why Millennials can't buy a house. Boomers (and in some extra sad cases, Silent Gen) have held onto their positions for dear life since WE came into our own. My former boss is well into their 80s and hasn't been effective in their role in years. Won't let go. They're not going anywhere until they die or are forced. Gen X already got skipped (in part because they wanted to be), we're still waiting on our turns.

[@fairywingsonroses]

I feel like part of that is the fact that a lot of Boomers, Gen X, and even some of the Silent gen can't afford to retire. My mom is turning 67 this year and can barely afford expenses with a full-time job. She's also strapped with taking care of her mom, who can no longer care for herself as well as caring for her grandchild in the middle of all of that. Retirement isn't really an option for her because it wouldn't pay the bills. My dad was forced into medical retirement in his late 50's. He lives in a trailer park, and between his health needs and the cost of living, he can't really afford to be retired either. I don't really blame older generations for holding on as they haven't been given much of a choice in a lot of cases. That being said, I also feel like younger generations haven't been given fair opportunities, even when the older generation hasn't been hoarding those higher-level job positions. Many millennials and Gen-Z are highly educated and more than qualified, but they are often forced into entry-level positions that they are way over-qualified for simply because companies can force them into these positions and pay them less over time. It's not really a secret that a lot of people could quit their job and go do the same job elsewhere for more pay than they would get in raises if they stayed with the same employer. This is great in the short term, but in the long term, it probably prevents people from gaining the experience and seniority that is required to move up into those higher positions, which massively benefits employers who don't want to pay more.

[@theladynextdoor313]

People can no longer afford to retire at an appropriate age!! Their savings are not enough to compete with inflation and cost of living. Sadly they MUST keep working!!

[@Ella-g2m]

@@theladynextdoor313Most people who say they can't afford to retire have actually just led a lifetime of bad financial choices. How many boomers own a boat, an RV, 2+ oversized vehicles, a house full of junk, a mcmansion, and other expensive crap? They spent like there was no tomorrow and now they don't have a tomorrow, they will die at a desk. I've seen the average boomer lifestyle. eating out daily, driving huge luxury vehicles, constantly buying new crap and renovating their houses ... how many f'ing times do you need to renovate a bathroom for fuck's sake? all my boomer coworkers that's all i hear from them, all the massive purchases they are constantly making. Yeah if i lived like that I'd be in financial straits too! They're like hogs at a trough, they just can't pull themselves away.

[@FiercelyGold]

We can definitely see an example of this with our recent US presidents, but also many boomers are retiring practically homeless. My mom has roommates and my aunt is dependent on her daughters. The men though... The boomer divorced white men I know seem to be happily retired as they have turned their back on their families and have become the selfish entitled men they always were. They sure aren't covering their kids' college education and are not providing childcare for their grandchildren. We as a culture have lost much of our "it takes a village" mentality. Too many people have gotten theirs and don't value community. Retirement and childcare and housing and education all are too expensive for most of us, and that includes for the boomers who never turned their backs on us. We're stronger together but narcissists are destroying that notion and they're in charge.

[@patriciamay6396]

Most seniors I know either chose to retire or the choice was made for them! I’m 63 and know almost no one who works past 70. Just sayin’

[@ov3gan369]

As a Dutch millennial, I find it baffling that there is such a big culture of spending money that you do not have. I was taught to save up for big purchases and therefore have never used a BNPL service and only use a creditcard when absolutely necessary, which is maybe ones a year. Besides my mortgage I have never been in deth

[@dweebcentric]

It’s funny - the early comment in the video about Millenials being cynical about private institutions, and yet they’re so willing to tow the company line. Influencers are paid marketers. It’s just another arm of the company, no matter how casual it looks.

[@weird-guy]

yes! the people i know that used bnpl lived in the uk, although in my country the problem is auto loan still almost no one is getting their car repossesed like in the state but something becomes dead weight, credit cards i thing usages is increasing but again nothing like in the states and the balance depends on your monthly income and i think they only give equal to 1-2, to get 36k you needed to be loade so i would feel sorry for someone loaded but in debt. Imo the uk is the little usa of europe so some thing are similar to the states from my understanding.

[@pleasedontwatchthese9593]

Part of it also is you need credit in America to do things. Like it makes it easier to rent an apartment, buy a house, by a car, sometimes jobs to credit checks for job applications, etc.

[@sugarwaterpurple5280]

​@@pleasedontwatchthese9593It makes it easier, but you don't actually need credit for these things.

[@wanderlander.abroad]

As a Dutch person living in Canada for about 10 years, having a credit card is the way to build "credit score" which plays into getting a mortgage and/or a line of credit. The only way to build your score is to use a credit card and (obviously) pay it off regularly. And as mentioned by someone before me, having a credit card plays into getting many things like apartment rental, memberships of all kinds (think gym membership). In North America not having a credit card is tough if not near to impossible. The one thing the banks need to tell and teach people is that you are essentially "loaning" money and this money needs to be paid back. This is where I feel a lot of the younger people sometimes get stuck with a big credit card debt. Every generation would benefit from getting taught financial literacy at school in my opinion.

[@spaghettiking7312]

Growing up poor blessed me. I don't have time to waste on novelty garbage. Every purchase I've made as an adult was a calculated investment in something I needed that would last. This "just buy another one" mentality is killing the economy, the environment and quality.

[@Evermorereads]

I became an adult and graduated from university during the pandemic and it’s so dismal. I couldn’t get a job for 8 months and only eventually got one through a family member. I also have no desires to own my own home, absolutely inconceivable.

[@latristessdurera8763]

The first full time job out of uni is always difficult but you got there x Go you! The world is yours! 👍👍👍

[@Evermorereads]

@@latristessdurera8763 definitely the world is mine! I’m also migrating to attend my dream school for my masters later on this year, so many exciting things to come.

[@netteloveszebras]

I feel you but then I'm also so frustrated with apartments raising rent. I don't want to keep moving around, I just want to stay in one place, but I refuse to pay $230 per month more for the exact same apartment 😭😭😭

[@lesslycarthan956]

@@netteloveszebras get a roommate

[@SmartAfrican_]

@@lesslycarthan956 It is good until the roomate is a terrible person to live with or they stop paying the rent or move out.

[@toriagiro9519]

I hate that this generation had to go through the pandemic at such a vulnerable age. It was so hard, as a millennial, to graduate school the very year the recession hit. It was so hard to get work and boomers and gen x just kept saying we just need to walk into a place with confidence and give the boss a handshake with eye contact and ask for a job 😂 I try really hard to not have that kind of out dated, unrealistic mindset when considering what gen z is going through. I can’t imagine the hurdles they face, and can’t judge them. It might be easy to judge them for having debt because I feel like the recession helped millennials avoid credit card debt, but they had the pandemic where I could see them having to rely on credit cards to survive.

[@NWbeats]

A lot of boomers are definitely completely out of touch. They don't even know how it is to start your professional career nowadays. They claim that young people aren't willing to work, it's the opposite. It feels like no one is willing to hire fresh graduates. Getting hired with less than 3 years of work experience feels like applying for an apartment, you are just one of hundreds. Even in STEM fields. Companies filter out applications algorithmically and requirements for skills are often absurd and not even relevant for the job. Oh and speaking of apartments, even with a "good" salary you'll still need roommates to be able to move out. This development seems to be the same in the whole Western world. I only know one guy of my age who is able to afford a small 1 bedroom apartment, everyone else has roommates or lives with their parents. I'm now also planning on starting a shared flat. Personally, I don't spend my money on expensive clothes or other luxury items. I want to avoid debt and prefer a minimal lifestyle. But saving to buy a housing unit is really delusional, so I'm thinking of just using that money for traveling instead. At least I will make some memories that way.

[@EMan-cu5zo]

@@NWbeatsI am 42 and they wouldn’t hire people unless you had five years of experience back then as well. It’s more of an intimidation tactic I think. Just try anyway and do your best to show you’re capable of doing the job or would be valuable to the company. Easier said than done though.

[@JAM661]

Well when I graduratec the energy crisis hit. That was fun witn 12 hour lines for 10 gallons of gas. That was why we got so many Japanese car to the USA because USA cars were big heavy gas hogs. Then inflation was 13%. When I gradurated I could not find a job as a teacher which would be unheard of today and ended joining the Amry as a officer. So there are choices are there you just have to be flexable.

[@JAM661]

​@@NWbeatsReally alot lf boomer are still working and my brother had no problem fimding a job. Why? Because they know he is going to show up on time everyday.

[@Pooh0Bear8]

Influencers are advertisers, I am surprised more people don't understand this

[@j.kaimori3848]

Had to explain to parents that "expecting" not to own a house, is NOT the same as "not wanting" to own a house. We can't do or afford "hard" jobs, physical jobs are overseas, mental jobs are leaving, trades barely pay enough for destroying your body, and almost all essential work is underpaid which means poverty if you decide to keep breathing. Honourable jobs are impossible without advanced education or accepting that you can't own a home or have a family unless you wish to live in poverty.

[@AK-ne4og]

Then make sure you choose your education wisely. Too many are graduating on "useless"degrees while on high college debt

[@bails161]

I loved the video and think it's a very good analysis of younger Gen Z and Gen alpha, but a lot the generalizations about Gen Z are not quite accurate for the oldest among the generation. Especially those of us that were once considered the youngest Millennials, but then got lumped in with gen z when that generation emerged. I'm considered Gen Z by most (but not all) classifications - my birth year is right on the bottom end of millenial/top end of gen z - and a lot of the generalizations about Gen Z aren't exactly accurate for many of us. We're older than you think, and we have a lot more memories of the time before smartphones than you think. My childhood included CD's and mixtapes, landline phones, and cable TV. I became an adult before the pandemic. I was almost done my second year of university when the pandemic hit. The whole generation categorization really grinds my gears sometimes, as it somewhat flattens these discussions and obscures the experiences of those that straddle between the two generations.

[@May-qb3vx]

It gets to me too. I graduated college in the middle of the pandemic and I am the youngest of 3 kids. My childhood had more in common with my two millennial siblings than the gen z born in 2000

[@Jhddtukbdd87542]

Yeah the gen z thing gets to me too, I’m not an infant but not yet ready for kids 😂 Im a 97 baby, graduated college 6 months before the first known case in the US and CDC getting involved, I’m 26. It feels like no one wants to acknowledge what happened to folks our age, how we were robbed of our best years and saddled with the weight of the world overnight. We never had a chance. I worked my ass off to escape poverty, got into an elite grad program, was going to live in a progressive city and actually help folks. Then it all crashed and burned. Funny enough, I was in a public health program. I was shown a constant loop of the raw impact of the pandemic by counseling patients (case mgmt as a social worker with active COVID+ patients). The existential dread still hasn’t left my brain. I’m trying to focus on living a new, adult life with a good job and great partner, but some days getting out of bed is impossible. The dread never left me. SSRIs and sobriety and daily gym sessions and the healthiest diet and friends who celebrate me aren’t enough to heal it. Feeling so disconnected from life is just a side effect of my “prime” coinciding with a deadly global pandemic.

[@madisonemily4083]

Yeah, I had a similar thought when she talked about how the pandemic affected Gen Z individuals in college, but then went on to describe Gen Z as iPad babies. Maybe it’s because I had older siblings (so many of their things were passed on to me), but I had VHS tapes, landlines, CDs, and a family-shared computer in the living room. I think the first smart device I had was an iPod and that wasn’t until my teen years.

[@lisawise4204]

As an elder Millennial, I get how you feel, though it’s on the other end of the spectrum. Much of my childhood was identical to that of younger Gen-X and nothing like what younger Millennials grew up with. This is why I will always defend the existence of micro-generations at either end of the generational spectrum, because the experiences of those on the cusp are fairly unique. I feel this will be true for my kids, too, who are elder Gen Alpha. They remember both pre-and post-pandemic life whereas their younger peers won’t even have lived though that time. Maybe when discussing the experiences typical of a generation, we need to add a caveat that what’s being discussed as typical for that generation really only applies to those in the middle of the spectrum, and those on either end will have a different viewpoint.

[@kelleybuell5582]

Purging all social media except KZbin and paying for ad free streaming including KZbin has been tremendous for my mental and financial health.

[@PraveenSrJ01]

I have KZbin premium and I get to skip ⏭️ the ads

[@MegaJohnnycage]

Yeah except I am now watching way too much YT but so much healthier than TIK TOK

[@Khymeira]

Why are you paying for ad-free streaming on KZbin? Ad blockers are free.

[@jmac9119]

I understand the irony of this comment on a social media platform, but why do none of the types of videos mention that the best thing any of us could do to help our finances is delete our social media accounts.

[@integration_of_ukrainians]

100%

[@alysiasanchez5015]

Yah. At 37 I just have no desire to buy more crap. I've unfollowed fashion influencers and use instagram for mom tips, toddler food recipes, and finance tips like by following herfirst100k. That's really been helping my finances. I just gotta stay away from reels that mom shame me or show new shiny things.

[@S3lkie-Gutz]

i mean i sell beadwork on my social media account so that isn’t really realistic for me but using it less frequently besides just popping by and posting new pieces every so often helps a bit

[@AK-ne4og]

Or use them intelligently

[@laureldreams]

its because they make money off of people watching their videos lol

[@zoeziebee]

I’ve pretty much always lived by the philosophy of just spending the money I have. It does mean I’ve not been able to do many of the things my peers have, but I’ve also never been in debt. I think for me it stems from a continual fear that I could lose my income at any time. I’m even scared of things like mobile contracts and have generally avoided them where possible

[@thelibragamine]

Question, so if you don’t utilize a mobile contract how do you have service?

[@zoeziebee]

Essentially I use pay as you go but buy bundles for data etc

[@rsn7847]

@@zoeziebeeI do exactly the same,I pay 20€ for my phone every month ,I have enough data ,I also have wifi at home,mobile contracts no thanks .

[@MarcIverson]

I recently moved and bought a bed and some pots and pans on the type of "lay-away" system Amazon has with Chase. While you make no interest payments if you pay off the amounts on time over six months, there is a hidden monthly $4 fee per order treated this way. So if you do this several times, you could still be paying more money than you think on an ongoing basis. And yep, you don't get cash back either.

[@candybracelets]

Stealing from your future self is such a great description of buy now pay later. It has its uses but should be seen as a tool for emergencies, not for everyday spending. Utilizing it regularly is always likely to dig people into huge holes. The easy availability of credit combined with a general lack of financial education in schools is setting Gen Z up to fail.

[@FaithHope21]

No, emergency funds are for emergencies. Not debt.

[@fernandaaguilar8590]

“Buy now and pay later” - as in making smaller interest-free payments on something over time is very common in my home country, Brazil, so there may be more info about it in the “Brazilian internet”. It can be an important option for people starting out or who are lower income and don’t have savings to rely on, but have found employment and will be predictably making money in the future. But it really does rely on keeping track of your expenses and making sure that the monthly payments don’t outstrip what would be your savings. I think the list of down sides you had was very fair.

[@catherineobrien4716]

I really enjoy how while the subject places Gen Z (my generation) in a bad light, it's only because our habits aren't helpful and not that we are being shamed by the video. The way this video essay is written allows Gen Z to view themselves from an honest lense without being shamed, making taking financial advice from this channel more digestable. Thanks for creating an inclusive space rather than villanizing an entire generation :)

[@vsheehan5928]

Wait millennials are not the first who did worse than their parents. Gen X was the first. The majority of my Gen will never retire, work more for less pay, and need more education to reach a middle class life style.

[@kaylachristenson9664]

Broadly I’m not sure this is true though. Attaining more education that was affordable ultimately puts people ahead of their parents. Gen X was the last generation where college was in the realm of affordable. Though I do believe that gen X got badly burned by the 2008 crisis and nobody seems to talk about it enough!

[@07Flash11MRC]

​@@kaylachristenson9664 Education does not automatically put them (us) ahead. We take all the education we can get (we even end up in debt because of it), yet we can't afford our own homes. You need to stop believing the lies that capitalists keep telling you and grow some class conciousness asap.

[@tuttuttut7758]

Yup, get into studyloans and enormous debt! You’ll pay it off easily. Work hard and you go places. No biggie, get your loans, easily and available. So you study, work hard and try to get your degrees. Your out on the market and BOOM, no jobs, no houses because people couldn’t afford it. You’re treated as a slave on the workforce because there are 1000 to take your place any day. It traumatized me for a good decade. Still paying of those debts. At least there are jobs now that pay well. Too bad of those interest rates that kept on going when there were none. It’s a big fat lie, all of it. It’s become a system of tying you down to the retrace at the most possible young age. Sleep, work, consume repeat.

[@ramenaddict1000]

@@kaylachristenson9664 - One thing not talked about is that before the feds took over lending in the late ‘00s, private loans were far more common. They don’t have nearly the protections of federal loans. While people with federal loans got a reprieve during the pandemic, those with private loans were still paying and their interest rates were going up. I got a whopping 6 months forbearance after finishing school during the Great Recession before I had to start paying back the private loans. We were also the first generation (at least the end of Gen X/early Millennial) that required a bachelor’s degree for jobs that previously only required a HS diploma.

[@catherinesanchez1185]

Gen X here , our lives are divided into before and after Reagan policies . We’ve gone through two recessions , one of which was historic in its scope . I’m working hard and making hard choices to be able to retire at 67 but I lost years of compound interest and time from losing my job and all my savings twice . Were coming in right after the Boomers so we can actually see them slamming doors in the face of the groups coming g after them

[@KaraMarisa]

LOL, "some of my best friends are Gen Z. . . just kidding"

[@henrikejekel2247]

I'm an older millenials, and what always pisses me off about the contempt my and younger generations get from older generations is that we are dumped in a world where many things are broken because of the behaviour of those generations. The way things are today is because of how things have been set up, and you cannot blame the whole of gen z for falling victim to things you had a hand in creating.

[@TheJadedJames]

Yeah, I thought it was rough becoming an adult when the housing crisis happened, but Gen Z got to start adulthood during the fucking pandemic. I would be extra cynical if my teenage years were with Trump & the pandemic

[@gregoryleverton]

Already watched the directors cut, but over here to get those engagement numbers up. Great vid

[@thefinancialdiet]

We stan!!

[@user-hd8ej8yx9p]

@@thefinancialdietlet’s lay off the genZ lingo, we’re old, you’re old, we have better words…

[@candy2325]

@@user-hd8ej8yx9pshe can say whatever she wants.

[@BichitaQ]

​@@user-hd8ej8yx9pIt's the attitude for me 😒💅 She's fine using my generation's lingo, stop being such a stinker.

[@adoroselatte]

@@user-hd8ej8yx9p at least she can keep up with the lingos….chill

[@lexm17]

I’ve heard from quite a few fellow Gen Z people online that theyre not contributing to their pension because they don’t see the point and would rather spend it on travelling or experiences because that’s more justified. They don’t realise they’re more likely to make it past the retirement age and have reasonable chance of being in good health, but they’re not seeing that and think they’ll never retire because that’s what they been told on the news. But when they get older they’ll be forced to save money, but by then it’ll probably be too late.

[@betalhimasres4703]

This is definitely true as a 21 yr old, when i was a teen, I didn’t see the point in a pension because of the narrative Gen z would never retire and would be working until 80.

[@plavali_znaem]

uuuu, as someone who au paired for rich ass founder of Klarna, I feel quite triggered. Going to watch for sure.

[@missmia196]

👀

[@feymark7749]

YOU WHAT?? Girl what's your story??

[@plavali_znaem]

@@feymark7749 Au Pair is a program for babysitting kids, when you’re going a road as a cheap working force, with the idea that you’ll be living with a host-family and the family will provide for you, hence you can skimp on food and roof over your head. Chelsea did Au Pair herself, she mentioned several times. I studied in Europe, and went to the other country to Au Pair a family and to practice the language. I was hoping to get some cash stashed by the end of the deal. They were super duper rich of ppl, if you google the founders of Klarna, you can easily figure out whom I mean :) the conditions were quite isolating, nobody spoke to me the language, besides the kids, - surprise! You cannot really practice a language with a kid! - I lived 100 km from a city in a rich village, where I knew nobody. They convinced me not to sign a standard Au Pair contract, so I couldn’t report to anyone, if something. Their kid was the most misbehaving kid ever, with some psychological issues, I bet. So manny nannies just run away from them. Once the kid asked me “do you eat your own shit?”. I was speechless. Once I mentioned to them I’d like to finish the deal sooner. After one hour they came back to me, handed me a plane ticket, which were taking off in 2.5 hours from ANOTHER COUNTRY (to my country), and said I could leave now, and they would give me a lift to the city. I would sit in the plane with the beach sand between my toes.... crazy.

[@mirandaw.4944]

yess omg spill the tea

[@user-zm7ni6ch2d]

girl WHAT?

[@kat7329]

I am utterly obsessed with the dapper frogs in the background of Dot’s room. 10/10

[@blevinkt]

I'm 24. Admittedly I lean into the scourge of spending on experiences culture quite a bit (though I would never EVER go into credit card debt for it). Although I do try to minimize my material consumption and waste, you can still consider that a moral failing on my part if you want. I understand. I relate to the last part about cynicism so hard. Despite being relatively financially privileged for the time being, I don't have much faith that I can ever achieve a stable retirement due to rapid inflation and exploitation. In addition to that, I've lived in western Canada my whole life and the last 5 summers have become increasingly worse hellscapes with a longer and more intense wildfire season every time. It's a little hard to ignore climate change and the unstable geopolitical situations that it brings along. Activism is the ideal choice, but I just can't bring myself to feel empowered to do anything about the situation. At the risk of sounding like a degenerate doomer, I may as well buy that rave/festival/concert ticket and flight along with my $8 sweet treat while I still can. It's likely I will never own a home in the city I grew up in by means other than inheritance. And if I do, who's to say it won't be swallowed by the ocean or burned up during a dry season? Gifting myself the fleeting privileges of modern civilization is the least I can do to face the existential dread and make life bearable, enjoyable even. I realize its self-centered, maybe short-sighted, but that's where I'm coming from right now.

[@glauciamsq]

Yes to this. I'd like to add another layer: i've always played safe, saved money, hell, I became a fucking doctor. Shortly after I graduated and was ready to "begin living", I became disabled, and now I am unable to make money and living on governmental help. So yeah. Treat yourself while you can. You never know...

[@blevinkt]

@@glauciamsq That's a great layer. Being 19-23 during the pandemic years also made me acutely aware of how fragile life is. I'm in graduate/professional school now, but I've made an active decision not to "put my life on pause" like I did in undergrad. I'm so sorry to hear about your situation doc 😢 I hope you still find moments of peace, love, and happiness in everyday life ❤️

[@0114855]

Maybe see it like this: you might not be able to stop it, but you wouldn’t be a part of it. You would live in accordance with your values. Just like you wouldn’t rob a bank, even though you not participating in crime won’t end crime. Just like crime hurts people, so does consumerism. Being a good, kind, caring person makes you feel good about yourself. And activism could make you feel more empowered and you could meet people (new friends) with similar values. Just try it, you can always go back to your current lifestyle.

[@vanessa9244]

This is exactly where I am at too. I have no hope of ever being able to own a home. I'm still saving but I have little hope for the future 🤷🏽‍♀️

[@Non-Legit]

13:42 I love her fancy frog portraits in the back

[@transsexual_computer_faery]

LOVE IT

[@ellajorgi2478]

YES! That's the PhD candidate we need!

[@rhythmandblues_alibi]

Is it Frog and Toad? It looks like Frog and Toad 🥰

[@brohannsebastianbach1212]

​@@rhythmandblues_alibiit is! There's an Etsy account that sells them :)

[@ThatLittleTexanWoman]

Physical media still exists and it can be cheaper than digital streaming subscriptions. It is possible to set boundaries on tech’s influence, it just isn’t popular. We get a regular newspaper. I like supporting the local small paper! It has quality reporting. We get physical magazines. We go to the library for books and audiobooks. We buy cds, dvds, and records. It is all out there if you want it. Physical media is a great way to slow down and save money by owning or borrowing entertainment rather than renting. Buy the physical cd or dvd when you have the money and you will still have it to enjoy when money is tight. Sell them if you are truly done with them. Newspapers and magazine subscriptions are essentially prepaying to own them rather than a streaming subscription you cannot own. Physical copies can be reused in crafts, cleaning, and in so many other ways around the house when you are done reading. I am a millennial raising my kids to not be afraid of new tech. But I want them to be aware and cautious about the risks to mental health that exist in new tech vs. older forms of media. The risks to mental health through endless distractions, FOMO, influencers, and polarization are real. We need to slow down, focus, become more content with what we already own, and set boundaries on big tech’s role in our lives. When my kids are bored I encourage them to draw a picture or look at a magazine. Learn to live in your own world right here. Don’t live life online. While the internet isn’t all bad, modern tech is often designed to distract, addict, and sell us things. That is a recipe for dissatisfaction in life. It is my goal to help my kids realize when being tied to screens is normal in their generation, they need to learn how to be abnormal. Being hard to influence is a superpower both financially and for one’s mental health.

[@natassiatavares4568]

What about storing all of that? I’d love to buy cds and books again, but they just take up so much space! And then you have to clean it, and organize it. You have to manage it. God forbid if you ever decide to move.

[@Colin-ir6et]

Just pirate

[@marcelrobinson]

While I get the notion of spending on experiences and not things, the people who preach that motto forget that experiences cost a lot of time and money. Not everyone has the money for plane tickets, hotel stays, and spending funds nor a job that's going to be cool with them taking 2 weeks off for said experience.

[@alextest8898]

I do not believe its instant gratification as much as it is gratification period. Its very easy to hold back when you got a house, and a car, and clothes you like, and a computer etc. When you got nothing cause you just started out and some one says you can have this thing you always wanted for 4 easy payments. That is a very tempting offer.

[@holigatis7588]

Im scared for gen z and alpha, they are being fed to the wolfs woth very little preparation and they are supposed to grow up and lead society. We need to do better for them and for our futur selvea!!

[@theladynextdoor313]

That’s why parenting is an important job. PARENTS are supposed to be preparing their offspring for life!

[@symoneh.]

I’m not concerned for Alpha because they are being raised by millennials.

[@markigirl2757]

That’s why I’m more open about telling my son the state of the world instead of pretending or denying the true reality of things like sometimes my parents did

[@yeet7463]

I’m an older ish gen z (98) and I had my daughter last year. Neither my husbands parents or my mom set us up with any type of college saving fund so we have loans/ went to community college and paid out of pocket. We set up at 529 plan for my baby when she was a few months old. The estimated cost for her college in 18 years is 200k. We both are still finishing school so we are only able to put a little bit in her saving fund every month. It’s so disappointing to me that even with us starting a college savings fund for her she will probably still have a ton of loans when she goes to school

[@nightfall3605]

I am Gen X. I grew up poor during mall culture and could not comprehend my classmates discussing the shopping hauls of clothing and the seemingly unending supply of money from their parents. A nice shirt could set you back $30 when minimum wage was $3.15/hr (the damn thing shrunk because I couldn’t do dry cleaning 😠) Many did have summer/after school jobs, but that was disposable income because there wasn’t an expectation to contribute to the household. No wonder the 80s were a time of mass marketing to kids: coming or going they had the buying power without budget responsibilities.

[@charlies2197]

Gen Z here, I'm a thrift store/buy it for life kind of person. Currently doing leather care on a coat my dad wore for 10 years and gave to me 5 years ago when it didn't fit anymore. Once a year I spot clean it, fix any holes, condition, and waterproof with beeswax. The idea of buying clothes that fall apart makes me cringe. Buy it once, buy it right and take good care of it and youll be surprised how long things last.

[@PraveenSrJ01]

Me too as an older millennial who is 40 years old

[@charlies2197]

@@PraveenSrJ01 drives me nuts when people complain that boots don't last long enough, like replace the sole on it when needed, condition it every so often and water proof twice a year and it'll be good.

[@PraveenSrJ01]

@@charlies2197 I know exactly what you mean

[@XYNTEN]

Its insane how not going to food places or ordering for a month is considered a challenge...

[@cheesecurd100s]

No kidding, I went out to eat twice last year and felt guilty immediately afterwards. Especially when I can make much better/healthier at home for only a few dollars

[@sleepyhydrangeas]

This take is kind of overkill, imo. Twice in one year ... and feeling guilty immediately? Going out for dinner etc is sometimes a nice change/method of catching up with a friend. I'd agree people eat out perhaps more often than they are in a position to, but twice a year is nothing to feel guilty about @@cheesecurd100s

[@luisapaza317]

It is really important to have local markets. The interests of multimillionaire chain markets are not the same to the common people. The USA needs to change its zones from housing all around the country. So much gas and energy is wasted on daily or month travels to far far away stores.

[@joshuagharis9017]

Yes, we early millenials recorded mixtapes from the radio, haha, was awesome 👌

[@wplants9793]

Ah so true about associating 2 songs together because of how they appear on the mixed tape. For me Soundgarden Burden in my Hand and Greenday JAR are forever paired. Keith Sweat Nobody and KP and Envi Swing my Way are also basically like one song in my mind too

[@yubima]

I still do it from youtube. The only paid apps or programas i have are office, my antivirus, and the Pick up limes app( because i suck at cooking and planing meals, )

[@ReneeCaraway]

Haha-I’m one of those GenXers who used to make actual mix TAPES from the radio on cassette tapes. We also would rewind just a bit and replay over and over to try and learn (figure out) the lyrics since there was no internet where you could just look them up.

[@Pooh0Bear8]

💯

[@pleasedontwatchthese9593]

Im a late and I still did it. We did not have a way to rip or burn cds but was able to get a cassette recorder for free from like the trash. It was easy to fix and we used that.

[@cstone3178]

As a member of Gen X, all I can say is: been there, done that. We got criticized for being lazy, slackers, not focused on the „right“ things. I can also say that WE were told we would be the first generation that didn‘t do as well as the generation before us. It all sounds so familiar. There is one difference though:no one cared. Faster than we could say Friends, society started focussing on millenials. Imagine how that feels … we were overshadowed by the baby boomers and then by millenials. When all is said and done, every generation will be criticized or ignored, etc.

[@JauntyCrepe]

I first noticed this trend with millennials and gaming. You started having to buy games piecemeal-get this expansion pack, buy Xbox live, now buy Xbox gold, etc. Now it seems like other industries are hopping onto the subscription trend. It feels unavoidable in some ways.

[@michellebrumwell]

Credit was and still is a tool and needs to be used responsibly. Credit is essential to the modern economy and smooth transactions globally, but no one should use credit for amounts they do not expect to be able to pay within the required timeframes. This is true for all credit for individuals, small businesses, and large corporations.

[@narrgamedesigner2747]

'mall culture' was already dying. The only thing that keeps shopping centers alive is literally high streets if shops, cafes and other buildings that people would want to flock to.

[@DR12377]

I couldn't believe it when I found a buy now, pay later option on my credit card. I could pick a transaction and break it up into interest free payments. I did it for a large purchase just to see what it was all about. Totally worked. I never hear people talking about this, though.

[@charmainen8475]

Chelsea you absolutely NEED to wear that watermelon/cherry red more often😮

[@Nesdotdotdot]

Omg I’m glad I’m not the only one who thought that LOLLL I was like “wow !! Red really is her color”

[@s.s.8029]

As a Gen X mom of three Gen Z sons (who are all in the work force), this video was extremely helpful in helping me to understand them better. We live in a small town and the housing market is atrocious! Prices are either sky-high or dirt cheap and the house really should be torn down! Rent is ridiculous, too! My oldest son was a freshman in college when the pandemic hit. He ended up dropping out because his grades dropped. He is doing well now, despite not having higher education. His student loans and car are all paid off. We realize that he won't be purchasing a home any time in the near future, but he is working to save money for a home eventually. The other two boys are beginning to work on saving, too. Thankfully, they aren't into Tic-tock and are all quite responsible with their finances. As someone who struggled with overspending and getting to substantial credit card debt, I am working to instill good spending habits in them. I do hope that things turn around for this generation and all of us.

[@londonh1800]

I was blessed with parents who taught me how to cook, clean, save, invest, and own at a responsible rate, while still giving me space to make my own choices and to support me emotionally and at some points financially as I needed. When I entered college, I ended up teaching informal cooking lessons to groups of fellow students for free (as long as they brought supplies). There were so many people, maybe a fourth more men than women, that were never taught or expected to boil rice. So as a therapist now, I know how much expectations in upbringing and family resources affect the course of one’s life.

[@ErutaniaRose]

I think one thing older people don't realize is that the scarcity mindset for Gen Z is VERY real. That and the basic definitive statement we won't live very long because of climate change, unless things radically change. So, it's a lot of pressure. Why save for a future that will never happen? Personally, I like to hope for a good future, to fight for it, and get things that are nice and good quality when I can so that even if I cannot afford it later, I still have things that make me happy, that I use, and are comfortable. So that my room can still be somewhat of a safe haven to feel ok in. Edit: As much as possible, I try to buy second-hand, avoid large companies, etc. Though one of my personal joys is to get DVDs for cheap at dollar tree so I have stuff to watch if I either cannot afford internet or the internet fails. I also have CDs from my fav musicals and use my Dad's tech to burn CDs or DVDs of media I really want to have and cannot find a physical copy of. (Think Australian kids shows from KZbin that either 1. Are not on DVD or 2. Are not on DVDs in my region.)

[@TheJadedJames]

I’m a millennial and I gave up on climate change ever being fixed in 2016 when Donald Trump was elected. 2020 solidified my cynicism. If I were 10 to 15 younger … sheesh

[@ErutaniaRose]

I can see how you got there 100%. I am definitely in a similar mindset, but I have a bit of hope that people might get angry enough to just...destroy the current power system so we can rebuild and fix things, lol. We'll see I guess. @@TheJadedJames

[@markigirl2757]

@@TheJadedJamesI’ve given up after 2010 especially when I started learning about more of our history and world history in general. Now I’m watching things fall apart jsut liek i predicted those many years ago 😅. It doesn’t take a psychic to tell yah things are gonna be doomed.

[@ErutaniaRose]

@@markigirl2757Fair. Personally I’m gonna go down kicking. I wanna at least know I tried.

[@AK-ne4og]

Why do you believe the BS of climate change catastrophe? Press and politicians have always used this BS since the 60s. The climate always changed and always will. Taking care of environment is an ethical choice but not bc of climate devastation. There are a lot of economic and geopolitical interests involved in this climate change narrative. Please do research that goes outside the official channels that spew the narrative that the powerful want you to believe.

[@tombaily29]

Don't get credit cards, so they get an even worse short term loan alternative instead.

[@ReneeCaraway]

But those short term “buy now, pay later” loans are completely interest free. I use them all the time

[@markigirl2757]

I never gotten one but I do use payment options for big expenses that need to be paid (like money for car maintenance as an example)

[@Tams842]

Such a good point about us not being critical of trends bc of the organic feel of social media push, vs print media being more of an obvious product of brands

[@sarag596]

Chelsea!!! This is so so good. Also thank you for blessing us with this fit! You look so lovely in red!! And I absolutely love how you sing during the montages. 10/10 no notes, another awesome video that I was excited to watch thru & thru!

[@PokhrajRoy.]

The cold open is just absolutely amazing 😂

[@marvnch]

Great video as always! I'm 21 and feel like I'm in control of my finances but it's sad seeing my friends not do as well :(

[@sydneydean8296]

Teach me your ways im the same age and completely lost/ overwhelmed

[@marsianbb]

Any real tips? Please, I'm literally going insane.

[@coda-n6u]

@@sydneydean8296 watch financial audit!

[@GenerationNextNextNext]

I was in control of my finances in my 20s, too. Then, I turned 30 and it all went downhill.

[@weird-guy]

impossivel most will only learn after hitting rock botton at that age they thing they know everything, is like watching a trainwreck.

[@binkyandgunther]

i feel sad that the new generation is always criticized for existing in and adapting to a world they didn’t create or even ask to be a part of

[@GayleenFroese]

Back in early university, I worked for $2.50 an hour at the library and had the perk of getting to take home things that the library was going to throw away, so I'd take home battered and stretched audiobook cassettes (which were the worst quality tapes even when new), put a bit of scotch tape over the record protect tab, and tape songs off the radio, doing my best to avoid the DJ chatter at the start and end. The tapes would break and I'd carefully splice them back together with more scotch tape. At the time, this wasn't ideal but it was good enough, like doing my own nails was good enough and I would never have paid someone else to do them for me even if I'd had the money. Drugstore cosmetics were not just "good enough" but a bit spendy. $5 for a lipstick? Where am I going, a yacht? I'll wait for a sale. But I'm NOT saying Gen Z today should live the way I did then. They could never get away with it. What's a normal lifestyle, what's a music collection you can acceptably bring to a party, what's being well-groomed--these are social conventions and the bar keeps going up. Gen Z are are judged by one another (and prospective employers and landlords) by the standards of today, not thirty years ago. I just hope that, when they look back with rosy glasses, they're not picturing my youth as exactly like theirs except with affordable houses. There _were_ more affordable houses when I was a teen or young adult (no jobs, so it was irrelevant, but the houses were technically cheaper.) But it was also a time that would feel shocking and shabby to them in a thousand ways.

[@lite1979]

Is travel really "cheaper than it's ever been" ? I'd like to see some supporting details for this statement, since I recently put off a British vacation due to the cost of airfare.

[@theladynextdoor313]

Exactly. It’s not and anyone whose looked into travel or book vacations over these past several years knows that it’s still quite expensive! Especially airfare. You really have to look for deals.

[@weird-guy]

No its not, in europe flights are ´cheap´ but then you need to pay for accomodation,food,transportation ect, most poor people in my country do vacation at home or go on the weekend to the beach, the middle class go to the beach for a week, only the upper class travels abroad even then some don´t, altought my country skews results because we are poorer than other eu countries and we have the sun here but still i don´t think is very different in other eu countries.

[@theladynextdoor313]

@@weird-guy yes a lot of people I know do the “staycation” at home doing local things like the beach or they go camping here in the States. In Michigan even to go to different areas by the water for 4-7 days can be on the expensive side if you want to use a hotel, air B&B and dine out a few times.

[@Siures]

@@weird-guythat’s the reason my peers do oversea traveling. We’re German millennials and my best friend just told me that her trip to Thailand last month was cheaper than her trip to Greece in autumn will be. And even cheaper than staying at home in terms of food. I also have friends who quit flying because of environmental issues (me also) but if you look for deals traveling is as cheap as never.

[@S3lkie-Gutz]

same, i was really looking forward to visiting greenland after graduating high school over the summer but the prices just for one passenger with iceland air make me tear up. i’m unemployed and rely on disability welfare of around $1,500 CAD per month to get by im not paying 5k for a plane ticket. it makes me sad because i was looking forward to visiting nuuk ilillusat and uummanaq for so long and now that summer and graduation season is approaching it’s becoming less and less likely. maybe alaska air will hurt a little less but im not going on one of their flights unless i know for certain it’s with an airbus and not a boeing jet

[@fuosdi64]

For clarification - Gen Z = 1997-2012.

[@thefinancialdiet]

Thank you!

[@elinat2414]

​@TheAbyssalChroniclesYeah, the generation divide is artificial and isn't a perfect system. I was born in 1995 my experience growing up is more similar to someone born in 1998 (gen Z) than someone born in 1985 (millennial), but I'm considered a millennial. However, just like broad historical concepts like the 'Renaissance' or 'Age of Revolution', we use generations as a blunt, but useful instrument to define and discuss a general set of experiences that cohorts of people had growing up.

[@sakunaruful]

@TheAbyssalChroniclesAccording to Pewter Research the generation breakdowns are 15 years apart making Gen X-1965-1980, Gen Y, 1981-1996, and Gen Z-1997-2012 as previously mentioned.

[@alissaromero4783]

​@@elinat2414 same here ! I bond a lot with my younger brother and My Friends are from 1996

[@sakunaruful]

@@elinat2414I’m smack dab in the middle. Being born in 1996, I grew up on movies from the 80’s and cartoons from the 90’s and 2000’s.

[@scarletalayne6820]

I think Chelsea needs to remember that Gen Z is such a different age group that a lot of older Gen Z did not grow up being “iPad kids” and that Gen Alpha started in 2010 and those kids are definitely more of the iPad kid generation.

[@metagothh155]

I feel lucky to be an early Gen-z er with a tech distrusting mom, lol. I am 21 this year and we all used CDs, DVDs, vhs tapes, etc when I was a kid. I think we got our first flat screen tv when I was 10-12. I didn’t get a smart phone until I was 13 and proved to my mom I was responsible by calling her from the school office phone every day to come pick me up. I have my issues with her parenting but i have serious respect for the way she went about raising us with tech. *edited to add, this is also how a lot of people I know my age, were raised. Even people just a few years younger have a totally different experience with tech in their childhood. Idk, Gen z is just a lot more diverse with this than people really acknowledge

[@S3lkie-Gutz]

same, except my parents are gen x and we grew up in financial insecurity and bankruptcy so new technology was a privilege as a childhood. my first ever phone was a dumb flip phone like the one Gibbs used in NCIS at 13 years old, my first iphone phone number and sim card was around the age of 14-15 when it was clear i needed my own phone number and cell service in case of emergencies. i had an ipod touch since 10 years old as a birthday present my dad got me but i couldn’t make phone calls or use cell service on it so all i could use was wifi and texting. didn’t really stop me from seeing horrible shite on the internet like rule 34 and shock content like liveleak getting groomed on an app like amino but for animation etc but my childhood was pretty different from other people around my age or even younger as i still remember landlines fax dial up blockbuster and vhs. edit: i am turning 19 this year for context so im three years behind you

[@TheCoolCookieKitchen]

Can we also talk about how the systems broken in order to be lent money you have to have borrowed it in the past without any financial literacy because our schools don’t teach it so the bank makes it a prerequisite to be in a very vulnerable situation without education in order to gain more access. What this video is taught me is that I need to logically speak out loud when I’m making financial decisions so my daughter can hear . Wow the sparkly disco ball really reminds me of Taylor Swift and I would love that on my couch. It would look so cool and it’s right on trend with what the Internet is doing but at the end of the day, my coach has enough pillows, actually more pillows than I really need and this pillow will cost me about $30 and that’s actually a good chunk of money that could go towards something else or be saved free more fun toy when we went on Vacation, so I’m gonna put this back on the shelf because right now even though I really want it I don’t need it and it’s not gonna make my life better long enough to justify buying it.

[@OpalChipp]

"If you want Gen Z to make better choices, you need to give them better options to choose from." is an absolute bar to close with 💯

[@japhalpha]

A good understanding of marketing, copywriting, and media buying has incredibly useful for me. If you can understand the machine that is consumer marketing, then I think it’s easier for you to make better purchasing decisions. Simply understanding how companies are targeting you, appealing to your interests, and barraging you with reminders to buy now makes it much easier to catch yourself and prevent buying crap you don’t need.

[@transequitur]

Very educational and enlightening and, by contrast, elevates my level of gratitude as a 68 year old boomer. I have empathy for every Gen Z (my daughter is one) out there. I fear for you and also have faith that you possess the qualities that will transform the world after many of us are gone. Thanks for the great content !

[@cherylbrown4483]

I'm one of the first millenials and I grew up very sheltered, so I was spared from TV and it's affect on growing minds, although I quickly caught up in my teens, and I struggle with the instant gratification entrapment, so I can hardly imagine what it's like for kids raised on this...from birth. Our brains are amazing plug and plays, and it has been shown that your brain can believe foreign items are part of your body, so the ramifications of the access is yet to be seen. They're already saying the kids have addictions to technology like one has with heroine. And one thing about the body is it's very efficient, so if something stops being used, it gets pruned off. What happens when basic thinking skills we supplement with technology "falls off"?

[@MrSociofobs]

"Recording radio on cassette tapes was before my generation" Huh. We 90s kids did that well into the 2000s, even when CD burning was common. Guess depends on the region.

[@felicianomiko5659]

Gen X was accused of being the ‘instant gratification’ generation. Millennials were accused of this too, then Gen Z and now Gen alpha. See the pattern?

[@jessv4300]

57:45 this comment reminds me of a different topic that might make for its own video- I’ve seen a surprising amount of home inspectors make videos on social media showing just how poorly new homes can be built (I remember one had a dryer vent end in the attic; it wasn’t even connected to the outside of the house🫣) might be a little different, but I would love to hear more about this if it’s a real issue!

[@oliverstianhugaas7493]

I think a lot of the "Spending on experiences" comes from so many seeing their parents lose their home in 2008 and again in 2011 and again in 2019... If you suddenly are homeless then you can't bring all the stuff with you.

[@insomnia9999]

I feel bad for everyone under 60 years old to be honest. I know for a fact I will have to financially take care of my mama when she gets to retirement age. It’s a really sad situation we are in.

[@angelaabada7953]

When everything is commodified and everyone is an "influencer" selling courses and promoting their business on a device we have access to 24/7 honestly I can't blame gen z

[@ghostlyMostly1]

Gen Z was done a disservice by their parents AND the government, just as millenials were. Neither generation's taught them how to be adults or have realistic expectations. Simultaneously, the government down graded the quality of education in public schools so at high school graduation most kids can barely read or do simple math. Im an early millenial and am seriosuly horrfied by how little people just a few years younger than me learned in elementary school. They basically just went to school so their lazy parents could get free child care. I was lower class, my mom cleaned houses, but she made sure I learned how to read and save money.

[@sarahmem444]

Just because we have more access to cheaper goods does not mean they are quality goods that improve our livelihood, wellbeing, or material circumstances.

[@akatobi2002]

love this video/discussion. another point that drives me crazy, is the word "investment piece" it's so often used in beauty and fashion which makes people feel like they're making a wise financial decision. Stop using "investment" when discussing perishable items!!

[@atlas.they-them]

it's insane how in-depth this video is in so many different aspects of this problem and still there is so much more possible TO talk about. kudos for finding ways to be selective and yet still thorough 👍👍