Media To Thrifty Millennials: SHAME, SHAME, SHAME

Hey Millennials, the media has a message for you, SHAME on you for being thrifty. Ana Kasparian, Kim Horcher and Brett Erlich, the hosts of The Young Turks, break it down. Tell us what you think in the comment section below. tytnetwork.com...
Read more here: finance.yahoo....
"Millennials are threatening dozens of industries.
They don't buy napkins. They won't play golf. They aren't buying homes or cars. And they're not even eating at Buffalo Wild Wings.
Millennials' financial decisions have been heavily covered by media organizations - something that has infuriated many of the generation, as news that "millennials are killing" another industry has become a common headline."*
Hosts: Ana Kasparian, Kim Horcher, Brett Erlich
Cast: Ana Kasparian, Kim Horcher, Brett Erlich
***
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)

[@stephanies7284]

We don't buy homes because employment isn't a sure thing. It used to be that the job you got at 18 was the job you were able to climb the corporate ladder and retire from in your 60's. They older generations are to blame for that platform changing. They got greedy and we're getting blamed.

[@progKansas]

Dudes, millienals have student debts and crappy jobs. Trickle down is ineffective.

[@whyamimrpink78]

We are a very socialist country.

[@athews1976]

Trickle down is effectively and metaphorically *PISS*.

[@Scardy]

How dare we millennials not spend money we don't have!

[@maaiker2977]

You can't spend it if you don't have it.

[@jasonsmith1288]

Maaike R I'm a millennial and our generation feel like the economy is gonna fall and never recover

[@whatiff4616]

Jason716 Smith it's coming

[@jasonsmith1288]

Elijah wood I'm giving it 2 years

[@maaiker2977]

Jason716 Smith Millennials have to work really hard and get nothing but greef for it. The recession hit us and we are getting screwed. And instead of realising it we get people bitching "when we were your age...". 🖕Bright side: we know whats important in life. We are going green,free, social and less capitalism. We will truely change the world for the better sooner or later.

[@jasonsmith1288]

Maaike R well said I have been thinking about moving and getting into the truck driving industry because more and​ more people are doing online shopping so they will need people to ship that stuff out

[@PhoenixRising87]

Next Millennials headline: "Millennials poisoned our water supply, burned our crops, and delivered a plague onto our houses!"

[@thatsnotpudding]

Lmao only millennials will get the reference

[@AndreB23]

I SAY, WE TIP SOMETHING OVER.

[@patlmalon]

ElectricMayhem87 (Ashleigh) They did?!

[@PhoenixRising87]

NO! But are we just gonna wait around until they do?!

[@edgeninja]

Yeah, we should totally spend tons of money we don't have so that the economy crashes. Just like the Baby Boomers did.

[@ragnaroksora8129]

I mean.....why not.

[@Diatonic5th]

That's not how consumer-based economies crash. But I get what you're saying, bruh!

[@utah133]

Income inequality starts to have effects, so corporatists blame the 99% for not buying stuff. Typical.

[@aaronhumphreys110]

Sounds like they think they're entitled to our cash. That can't be possible though because we're supposedly the entitled ones. Hmmm...

[@HomelessOldMan9000]

You can't spend money if you don't have money.

[@dvid22]

you can if you dont spend it all in star bucks and avocado toasts and or avocado lattes.

[@ArgonTheAware]

Apparently people that can't understand math think that you can spend $50K needed for down payments on "star bucks and avocado toasts" especially when people don't have a job that allows them to earn the $50K in the first place. Since they can't understand math or economics that's an excuse for them to make when they want to blame people for problems

[@ArgonTheAware]

Is it the "toast" that "self absorbed assholes" bother with? After all if craving avocado then why not just order nachos with guacamole so that others can share it and split the cost?

[@icameheretolaughatyou4820]

Why not just eat out of the dumpster? It's free food.

[@hannahdavis5725]

Golf is boring, movies are expensive and we'd like to be paid an actual living wage.

[@biffbifford402]

As a 50 yr old, my wages have dipped and then stagnated starting with the Great Recession in 2007. Mix in a surprise divorce and child support for one child, and I now have less discretionary income now than what I had 25 years ago. And it's not going to get better. It simply takes ALL YOU HAVE just to survive. Retirement is a NUMBER you achieve, not an age you attain! And because of these things, like a Disney movie, retirement is quickly becoming pure fantasy.

[@gybx4094]

Biff, the only way I managed to amass enough wealth to retire is by remaining single and investing half my paychecks by being frugal. Most of the men my age are still working because of a divorce that wiped out at least half their $$.

[@7erdogdu]

Boomers who have never shut up about "Personal responsibility" are now blaming millenials on their failing busines'.

[@j.corona8118]

The boomer's killed the typewriter, Millennial gave birth to the computer, Alexa. Millennial killed the mansion and gave birth to tiny houses, and campers. I am proud of the millenials!

[@JohnnyYuma405]

jose corona I though early Gen X'ers gave birth to the computer era back in the 80's.

[@MercenaryPen]

Shame on all those people in the 1920s and 30s killing off the horse-ownership industry.

[@SinMore]

I am Gen X, and I handle my money like a millennial. Student loans are horrible. Gentrification makes rent too high. I buy weed with my fun money.

[@adriennebernal5]

I'm a millennial...I agree with every word you said 💯

[@dianewalden6127]

Sin D, ditto on all fronts. Lol

[@AdelTheForsaken]

# SmokeWeedEveryday so as not to have to take antidepressants because of the way the world is today

[@Cettywise]

We're not thrifty ...We're poor

[@kylejones4858]

Millenials dont have money. Rent is 51% of my income.

[@kylejones4858]

ManlyPanties San Diego CA

[@nathenhutchison6182]

"Why isn't my kids' generation doing things exactly the way my generation did?" -Every generation ever

[@tunit1000]

I get so sick of these stupid articles and hit pieces on millennials. I'm an older millennial who was taught (sometimes the hard way) that you should always save $$ for a rainy day. Every time I want to buy a new(er) car, nice computer or new phone, I always ask myself whether I need it or not - most of the time the answer's apparent. Complaining about millennials not spending enough goes against literally everything I was taught growing up - BY the older generation no less. I'll make due with what I have and enjoy things when I can. THANK you very much.

[@WWEJeffHardyBabex]

tunit1000 If we don't spend our money it's 'Look at these millennials, Killing our economy'. If we're spending our money it's 'Look at these millennials, Wasting all their money'. There's no way we can win.

[@ChickenRamen]

the younger generation is always the scapegoat. it's always been like that.

[@quaxk]

boohoohoo! muh victimhood! :'(

[@WhiskeyTangoFoxtrot_YT]

ChickenRamen Yep when I was a young adult I remember they would blame my generation for killing off American car jobs because we were buying Japanese cars after the oil embargo, which made it virtually unaffordable to own a gas guzzling V8

[@sqlb3rn]

generation x was shit on, called lazy, dubbed the mtv generation, all that shit. people are just dumb and ignorant.

[@DarkLightHuntress]

Millennials have simply learned to buy stuff as cheaply as they can. It's what their parents and grandparents did. The only difference now is that there's fewer suckers willing to buy the overpriced products on offer by so many retailers like sears, etc. Let capitalism take care of them. If those retailers price themselves out of the market, they deserve to go under. No need to whine and blame millennials.

[@leunahtan]

Millennials spend money, conservatives "how dare you frivolously spend money!" Millennials don't spend money "how dare you do not feed the economy by spending money!"

[@gregcampwriter]

No one has any surplus money. The whiny businesses don't pay their workers enough, and the wages of workers generally are stagnant.

[@begonesoon5864]

Major contradiciton of capitalism

[@kchennessey8781]

This is exactly the situation Robert Reich described where businesses that rely on the middle class are going extinct. The poor don't spend money on leisure activities.

[@britwalsh8292]

Bingo

[@annking8]

ha. millennial couple here. We lived in a studio with our two kids, and our move to a one bedroom apartment felt privileged. Times change. living small in a economic depressed era is just how it is.

[@yoleeisbored]

My friends live in a really nice mobile home (really cheap. Less than 20k) but their parents call them trailer trash.. WTF BITCH damn boomers

[@Fournier46]

"Milennials are killing scapegoating."

[@rc3018]

Millennials are in other words being criticized for eating healthier food, being more rational in their spending, avoiding materialism, and seeking for experiences instead of objects. That seems very positive.

[@richardalexander5758]

I'm 66 years old, and my hat's off to the Millennials for not buying into the greed and marketing hype of my generation. Now you guys need to hold the robber barons of our day accountable for their theft of our country and the world's resources. Maybe have them pay some taxes, and help fund all the security they enjoy at your expense.

[@rcelestefelix9299]

Speak for yourself. I'm also 66, but I never bought into the greed and marketing hype. I worked hard to provide for my own Millennial son, as have most of my own family and friends for Millennials of their own. I don't regret it, but I will be damned if I let anyone criticizes my entire generation. My generation ended the war in Vietnam and the draft, and marched for civil rights, AND started the entire "Save our Environment" movement, plus. And there are plenty Millennials today who are depending on our generation, whether we can afford it or not, to pay the student loans we co-signed for them.

[@richardalexander5758]

Ruth Felix, neither did I, but we're the generation of "You Are What You Drive". True for me actually, old, boring, and utilitarian, :-)

[@Zunile03scape]

I dare you Ruth to Blame me for not paying off my student loans because I have my proof of pay off and I will dominate you on that charge. This story is all about your gen blaming mine so please clam up.

[@rcelestefelix9299]

This video is really silly, and if keeps bringing up such dumb stuff, I am going to seriously "clam up" and go away because they are misinforming the public. Our generation is not blaming Millennials. Now if businesses are blaming Millennials for killing their businesses, then they needed killing - they couldn't cut it business wise. And I didn't mean that all Millennials are making their parents pay their student loans, but unlike you, some do because many Millennials can't find jobs that pay well, thanks to cheap foreign labor across the world, and imported, that our youth have to compete with because greedy American business owners employ them.

[@callumm-v1568]

I'm in London and I've been working for 5 years and still can't move out

[@quaxk]

that's such a ridiculous statement, are you bolted to the ground or something?

[@callumm-v1568]

quaxk i cant afford my own place because of the standard of living is what I'm saying

[@DaSquareful]

"That's such a ridiculous statement! What do you mean reality is different than what I want?"

[@IBBMS]

Are you a college grad? I can't imagine that being the case after 5 years of saving unless you're spending your paychecks on frivolous things (or unless your parents are making you pay rent)

[@Thatgirlcodes]

After rent and student loans and feeding ourselves there's barely anything to put in savings much less buy a home or "golf" lol

[@j.corona8118]

If rent is to high find a better landlord. Student loans can always wait or be renegotiated. Alway remember that health and life is more important than all that.

[@annienunyabiz6627]

Millenials aren't spending our money, huh? What money?

[@kyronnyoung4953]

Cate Hamilton EXACTLY

[@SadieMac0511]

I met with a financial advisor for the first time when I was about 32 (a couple of years ago). He told me that his standard piece of advice to young people who want to save for retirement was to start putting away $200/mo.... starting at **age 25**. When he said that, I had to make a concerted effort not to laugh in his face.

[@rcelestefelix9299]

Oh, Hell. I am 66 years old, and I don't want to go to Applebee's, either. Millenials are not that different from our generation. Like them, we are trying to save the environment, just like we did "back in the day," when we were anti-establishment and anti-consumerism hippies. We ended the Vietnam war and the draft, marched for civil rights, etc. Lots of us didn't "run out and buy things." We don't have money for avocado toast, either, especially since some of us have to pay for the student loans we co-signed for our children, who are Millennials, and try to pay for our overpriced medically necessary drugs and medical care, too. If you can't buy a house, blame the corrupt rich Wall St. and crooked investment bankers who killed the real estate market; they love it! it makes the real estate developers, who are very busy building expensive rental apartments, even richer.

[@alexanderstraight2604]

+

[@FarronMoon]

And they call us entitled. "How dare you not spend the little money you have on the businesses WE built? What do you think this is, free-market competition?!"

[@nancythecat1079]

As an older person, I say let up on them. They are inheriting our mess.

[@athews1976]

Why do these fools so conveniently forget that wages are stagnant? It's been that way for decades.

[@Silkiroth]

Consumers don't have an obligation to keep businesses alive. This isn't a charity here. Maybe if things were more affordable...

[@schotlx721]

Millennial: •spends money* Baby Boomer: OMG look at these entitled Millennials wasting their money, when I was your age I owned a home Millennial: •doesn't spend money* Baby Boomer: Why aren't you spending money! You're killing the economy! Millennial: *stare into camera like they're on the office*

[@redburst8]

I love how the generation being blamed for the poor economy is the one that wasnt even grown up during the economic crash caused by the boomers.

[@lawhitman9039]

So true.

[@teeeeeveeeee314]

Just remember, sone of us Progressive Baby Boomers grew up in labor union families and have been fighting this fight for 50+ years now. We can die in peace knowing you Millenials succeed in overcoming this Corporate scum and have a worthwhile future. Oh, and we hope we can have care enough so that our passing is a comfortable and affordable one. FIGHT ON!

[@DaveRogers583]

low wages, high debt, no job security

[@JohnDoe-ht1de]

I applaud millennials for not buying into this fucked up consumer based economy and debt driven government. Keep it up millennials and the system will have to change.

[@takethegate2108]

Don't change the system destroy it utterly and rebuild it from scratch.

[@OutlawsBebop]

I'm confused. Are we frivolous spenders or are we too stingey with our money?

[@JessKalinow]

BOTH! either one that fits their narrative better to hate us. lol

[@fuzzybuzzy3159]

OutlawsBebop It depends on baby boomer's bitchy mood that day. They're just trying to find a scapegoat to blame the economy's fucked up state because they don't want to admit that their shitty, greedy, selfish actions were the cause of this whole mess. And they say that we don't take responsibility.

[@ragnaroksora8129]

depends on the butthurt baby boomers.

[@athews1976]

*SHIT COSTS TOO GOD DAMN MUCH* these days! WTF do these old fools expect. Confidence in the American economy is being artificially propped up by *"quantitative easing."* That means that those in the higher echelons should damn well know that this line of blame is total *BULLSHIT*.

[@JessKalinow]

yep. the financial and housing crisis are because the generation that wasn't even part of the equation yet when they started watched too much tv. you're an idiot

[@RiceDevour]

I was just graduating high school during the recession in 2008. To place the blame on millennials is absolute bullshit.

[@athews1976]

Exactly!

[@dagothur9674]

If you provide a product or service that is not appealing, do not expect people to buy it. It's simple capitalism.

[@zellethee]

I thought the economy would benefit from corporate trickle down? Why would millennials need to spend more to get the economy going?

[@jmtnvalley]

During the 1980s I had a job that was so much better than my father's, but he could buy a house and I couldn't. My older co-workers railed against my generation as wanting everything now. The millenials have it worse off. I am completely sympathetic to them. I am so disgusted with the boomers. Somehow they forget what it was like when we were young.

[@Nayr747]

The reason no one's buying anything because no one has any money. All the money is being concentrated in a few hands and offshored. Meanwhile wages have been stagnant for decades while the cost of everything has risen. The situation is unsustainable and will eventually collapse.

[@horserenoir9210]

Why does the golf industry feel so ENTITLED to be as popular as they were before?

[@lilmakori]

Millennials are the scapegoat for everything bad in the world and I don't understand why. We're the most educated, racially diverse and attractive generation to date. We're doing the best we can with the cards we were dealt.

[@lilmakori]

***** have you seen my avi.

[@sirdrinks344]

The older generations wanted to take advantage of millennials. They have and now they are upset that millennials have a hard time giving more.

[@M.T....]

Guys, guys, guys....I have a super simple solution to all of this; Just stop being poor!

[@benedikta.9121]

Avalon Run it's so simple!

[@BibithePing]

Avalon Run lol best one yet! why didnt i think of that

[@M.T....]

Harvard Under Grad Physics, masters in Fluid Dyanmics. Biiiiiiatttccchhhh! Howbout you take a college course? Punk ass.

[@taotd]

it's almost as if the wealth DOESN'T trickle down hmmm

[@joanmeijer]

Have you noticed how expensive things like going to a movie has become? It's way better to make popcorn at home and watch a movie on your big screen with your surround sound. I think millennials are doing great....

[@grumpyturtle9682]

"Millennials are killing the golf industry". Sorry, was that supposed to be a bad thing?

[@BeowWulf]

Why won't Millennials spend the money they don't have? So selfish!

[@bothebeerded8019]

BeowWulf how is our consumerist economy supposed to work, if you kids won't spend your rent money on a new 4k TV

[@courtneydurham8429]

So I'm a douche for not saving for retirement or to buy a house but I'm also a douche for not going out to dinner?

[@ChillStreamsLive]

Yep. People are very inconsistent with their criticisms of others. Literally damned if you do, damned if you don't.

[@AaronHendu]

If you are a millennial, yep, "you are a douche" sums up how most people feel about us...

[@bolshevikY2K]

feelsbadman

[@AaronHendu]

We should all have knocked up some girl before 18, took the first factory job we could find and work maxed out overtime hours every week all in order to barely scrape buy because we have a $360 000 mortgage and $700 in car payments / insurance a month, and then be so overworked and stressed we beat our wives and raise children we resent for costing too much money. Once the kids are 18, we will divorce our loveless marriage that only existed "for the kids"...and then pick up alcoholism and golf as coping mechanisms in order to make it though the rest of our purposeless lives with no real experiences past "raising kids" and owning a house that you die alone in cause your whole family thinks you are an old bitter asshole and doesn't visit during your last months of life. You die and no one gives a shit, but pretend they do, because for most of your peers, a funeral counts as excitement...a reason to get out of the house and stop drinking alone in your underwear.

[@mango4ttwo635]

here is the reason neoliberalism (economic orthodoxy of the past 30-40 years) is going to collapse. Neocolonialism has enriched the old at the expense of the poor: debt-fulled rise in property values increases wealth of home owner (typically older people), and impoverishes the non home owner (typically younger people) who has to stump up more cash and debt to buy a home. Not to mention the other dividers: previously cheap or free college education against near six-figure student debt loads; final salary pension schemes that are now being wound down etc etc. The result is the old have money to spend and the young do not. Unfortunately, older people already have the stuff they need - so don't tend to spend much. The young must pay out thousands in debt payments to pay (see above) for this useless system, so they cannot go out and spend due to having so little left over after debt repayments, even though they would had they the money. Therefore, whether young or old, you do not or cannot spend. Economic collapse awaits. The longer people do not wise up to this, the greater the economic catastrophe to come. This is why Bernie Sanders would be the best President from an economic - never mind fairness - perspective. End tuition fees, write off debts, $15 min wage, and end the corruption in banking, including of central banks, and allow property values to fall (easily done thru ending QE, bailouts of speculators etc)

[@Pfhorrest]

"Have money problems? Obviously the problem is you spend too much. Work harder and save more and solve your money problems like a responsible person." "....hey why aren't you guys spending money anymore!?"

[@leonardlithen6787]

The 1% is slowly realizing why stagnating wages are a bad thing.

[@Aeroldoth3]

Tee hee, they'll never realize that Leonard.

[@nathanielleeson3318]

Millennial here. Nothing better than city biking and a fabulous independent bookstore.

[@KonradNint3ndo69]

Pretty sure Millennials want all this stuff, BUT this country hasn't had a substantial cost-of-living adjustment since the 80's YET prices of these "things Milennials are killing" keep going up. Can't imagine life in America in 50 years without a major change.

[@JustAHorrorShow]

At least we're keeping Netflix and KZbin alive.

[@arxvphoto809]

Ancient business models sitting on piles of cash, and can't adjust to new market trends. Sad.

[@davidsoto8445]

a $95,000 home(2010) in San Diego on my street is now $300,000(2016).

[@albertoromero6668]

300,000 is cheap. The house my parents bought was $500,000 and not in a rich neighborhood and it peaked at $700,000. It was foreclosed so now we live in a tiny, tiny 1,500 a month 2 bedroom apartment and I want to move out and build a life going after the career I want but I am guilted into staying at a regular office job in a town I have always abhored to help pay rent. And a cousin in the Bay Area tried to buy a house but it was a million for mediocre house in a not bad but definitely far from stellar neighborhood.

[@jasonjarrett1336]

Spend our money? What money? And don't try and tell us how to spend what little we have!

[@casualsuede]

Jason Jarrett yet you all got $800 iphones.

[@kenworthspy545]

And daily soy lattes from Starfucks.

[@kvltizt]

I have a 2 year old phone that cost 150 new and make my own coffee in a French press.

[@themawaali]

Millenials don't have to make excuses for not spending. They don't want any of that stupid stuff. Why blame the consumer when people don't want to buy your products ?

[@felicity4711]

Same with Generation X. We came into the workforce at the height of the 1990s recession. Society said “We don’t need you. Go home and die.” We had to postpone everything-marriage, children, home ownership, car ownership. Some of us went back to school to try to upgrade our skills, and others settled for entry-level jobs, but either way we were told it was our fault for not trying hard enough.

[@sainter1]

Felicity4711 Well if that really was the case perhaps they had a point. As a baby boomer I distinctly recall a rather lazy Gen X that ensconced itself in the bedroom with video games and wouldn't come out. This you now conveniently call being left home alone. You were the first gamer generation totally absorbed in other things except work. The reality is you get nowhere unless you push the envelope. When you get to my age you see the truth of this. I'm generalising of course, you weren't all like that but there's a lot of truth in it.

[@thetimekeeper955]

+SainterSan Never mind the fact that younger generations are currently doing more work for less pay than boomers were at the same age, eh?

[@sainter1]

+The Timekeeper What do you expect me to do about it, whine on your behalf? You guys do enough of that for all the previous generations combined. I can promise you we didn't plan the GFC just to piss you guys off, it affected EVERYONE including stripping life savings from Baby Boomers. Life is tough - get on with it and stop feeling sorry for yourselves. We are doing our best to correct things I assure you. We are just sick to death of listening to this ongoing sob story from a soft and rather self centered generation.

[@thetimekeeper955]

+SainterSan I'm not expecting you to do anything, fool, or I would've asked. But it's a fact that younger generations are doing more work for less pay, hence your accusation of laziness is inaccurate. That is all.

[@PostalTwinkie]

I find it unlikely an individual with your demeanor and vocabulary is anything above a shift manager. You come across as a person who feels 'in charge' when you make the schedule or tell someone to take out the trash, but aren't capable of much beyond that. You surely don't come across as a person capable of actually leading and running a company worth a damn. A person who brags about firing is a terrible leader, as those you lead are a reflection of yourself. Beyond that, continue to argue with labor statistics that are publicly available. It is fine to be wrong, so long as you "hire and fire", right?

[@hikou2385]

Why ...? I'M broke nigga, I'm broke

[@davinodf]

You can't spend money that you don't have. By the way, when can we start blaming the baby boomers for screwing up the economy?

[@RaineFilms]

davinodf already have

[@Johnaxandra]

I would rather travel and see the world than spend all my money on a house.

[@WilliamMerzlak]

Millennials are too busy spending their money to keep the lights on, the water running, cellular, insurance on car and health, paying off student debt, ridiculously expensive traffic infractions, we also like to eat every now and then. We're doing the same work as our parents did back in the day, and making a whole lot less.

[@sainter1]

+William Merzlak A third of you live at home - it's the parents who are paying to keep the lights on, the water running, cellular, insurance on car and health, paying off student debt, ridiculously expensive traffic infractions, ... oh, and they feed you too. You have it tough with housing and tuition fees, granted, and your take home pay isn't great, but if you weigh up what you have, what you have available to you, what you have GIVEN to you, and what you will inherit (around $3 trillion in inheritance) you aren't doing as badly as you make out. How bout we throw a little honesty into the mix: kids whine about their lot and always have - you are no different.

[@WilliamMerzlak]

SainterSan I wish I still lived at home. My parents live 2000 miles away. I'm more or less on my own. The way it should be for any 27 year old. I handle all my own expenses, repairs, and debts.

[@MarkoArillius]

Statistically speaking you are in the wrong Sainter. Millennials have less money and less well paying jobs then any generation before them. This is easily provable. In fact, everyone has less money then ever before except the top 1%.

[@sainter1]

+Marko G I didn't say you didn't. I'm saying the consumer society that was created with you in mind gives you far more than we ever had in that respect. For example: your home entertainment center might be numerous devices all linked together via a giant LED screen, whereas our entertainment center was a portable record player on the floor. Your LIFESTYLE in that respect is vastly richer than ours, however, housing and wages are where you struggle. I'm well aware of your difficulties, I'm simply saying you should stop whining about it all the time and make the most of your opportunities. Whining will achieve nothing!

[@MarkoArillius]

Except there's nothing to be done about it, which is the problem. Wages are stagnating and the current political climate a single person cannot change anything. Certainly groups like the justice democrats will help change things, but the reason they're liable to struggle is everyone they are asking for help from is struggling to feed themselves. Certain amenities are certainly vastly improved in comparison to prior generations. The internet kind of makes that hard to argue with. However, arguing that a single purchase of a 500 dollar phone somehow equates to the ability to get yourself out medical debt because of that one injury or illness you got from simply living doesn't work. And for the record, I and no one I know currently has an Iphone. I have an Ipad my friends sister gave to me and it cost her 30 bucks from a pawn shop. Saying that we suffer low wages is only a part of the problem but even pretending that's a small issue is ignorant. You can't do shit at a minimum pay job. There is no way to improve from that except get a new job. Do that to many times and you stop getting hired, not to mention the intervening time between working where you can't pay rent or buy food. The best way to improve is school but as was said in this very video that shit's even more expensive. So would you recommend we add a 30k loan to our constant barrage of bills just to get a degree that will get us a slightly better paying job but only if we're lucky? Our economy was specifically made to diver the vast majority of money to the top 1% and now you're yelling at people who are unable to get by with the scraps left over and getting pissed that the sick, poor and infirm working 60 hour minimum wage jobs to cover rent and food don't have the energy to make real change in their life.

[@freeze1305]

I make 48,000 annually in a location that has below average cost of living and I still can't afford rent or a house payment. Hell I can't even buy a car to replace my 1999 Mercury Cougar. Student loans are bending me over.

[@edgardoarvelaez4147]

Wait. Millennials don't spend? Did the whole generation stop buying iphones, fitbits, apps, Netflix and I'm unaware of this? Go ask ebay , amazon or steam if there's a problem with how little millennials spend.

[@athews1976]

That is a good point.

[@edgardoarvelaez4147]

I'm a video game programmer and didn't even think of that industry to make my point. What a fraud I am.

[@007gwizz]

Edgardo Arvelaez The real problem is millennials aren't buying what they want us to buy.

[@TheGelatinousSnake]

"aren't spending their money" we would if we had a living wage

[@kukivave]

We have a generation that grew up during a time when education, housing etc costs about 10% of what it does now... and they're running the country as though everything still works that way economically....

[@TransparentLabyrinth]

More importantly, they're running the country as if it's a teat to suck dry until it can't give anymore and then turn around and blame the little guy for it. Which is what people in power have been doing since the dawn of time.

[@Matthew_Murray]

So they are blaming Millennials for free market capitalism? They keep saying let the free market decided, this is the free market deciding.

[@chukwudiilozue9171]

Thank you!

[@ilovesparky13]

Ikr? The hypocrisy is astounding.

[@TheRealNeonwarrior]

You want millennials to spend money? Raise minimum wage. The solution is so freaking obvious.

[@mmca9323]

Neonwarrior lawmakers pretend like they don't see the correlation.

[@Novusod]

Throw in Free College and Universal Healthcare then maybe Millennials will be as well off as other generations.

[@farisprasko3549]

Millennials killing McDonalds? Hell yes. We don't want to be fat. Shamed for being conscious?

[@BanAhchad]

yup and we prefer quality at a reasonable price

[@Martial-Mat]

I despise the way that citizens are viewed simply as assets to maintain profits for companies. Companies treat the public like shit and educate them only to care about price, then hey surprise surprise, there's no loyalty..

[@YahagiSheibi]

The minimum wage of 1956 was $1.00 an hour. Today's is roughly $7.75 dollars. These wage, when adjusted for inflation, comes out to $0.86 in 2017. So we earn less than they did back in 1956. For it to be balanced, minimum wage would have to be $9.06! This is why I push for the $10 minimum wage, more than $15, because it's more balanced to history.

[@horsepuncher95]

Yahagi Shinotsuke I am currently working in a bottom feeder doughnut shop and earning about $23 per hour.... I thought that was shit pay til I saw this

[@horsepuncher95]

We also don't have tipping here

[@righthandstep5]

This is why people need to learn history and stop learning from dumb conservatives who think university was taken over by leftists. More people can then outweigh the ignorant and put them in their place where they belong.

[@Emmastayofftheinternet]

Generations in the past didnt have to pay for their education. At least in my country. My aunt went to medical school for FREE. Something they dont realise is hard to pay for now days.

[@jeffpro8]

Emma Ferguson sounds like America, what country are you from? But yes it is true that in the old days education was either free or a much more affordable.

[@ICit123]

As a Baby Boomer I don't think it is fair to blame Millennials on retail and restaurant problems and closures. For example, as a kid going out to eat was considered special--a big deal. For example, there was only one McDonald's hamburger restaurant that was several miles away. Today, there are multiple chains in every city. In my 20's, living down in Redondo Beach, Ca., my cousin and I wanted to open up a wine tasting room in Hermosa Beach. We were denied because of the number of already established bars, liquor stores, and restaurants serving alcohol. Too much competition was cutting into everyone's profits. I presently live one mile to three Starbucks, two Coffee Bean, and one Mantra Coffee House. When I choose one, the others loose a sale. The same is true for fast food chains, restaurants, and retail stores. There is just so much money to go around.

[@bluelightning1224]

It's insane that you can find so many fast food places just not even 2 miles from another one of their own stores locations. Like, do you really need 3 mcdonalds in a 3x3 mile area?

[@ICit123]

Couldnt agree with you more. Restaurant and retail jobs are the highest in paying minimum wage. Not much better in the higher end where part-time being offered more than full time. Why are millenniums still leaving at home? Because monthly rental rates are st mortgage rates or higher. In my 20's I could afford to live at the beach with an FT restaurant and PT teacher aide position.

[@armandorodriguez8883]

it started with the free trade agreements that's u trump won

[@TheUtuber999]

bluelightning1224 Depends. If it's in a densely-populated area, then yeah.

[@ICit123]

Now ask how many FT jobs are in that radius? 5 x 5-mile radius? 10 x 10-mile radius??

[@zarkoff45]

Millennials have also killed off the buggy whip industry, the horse and buggy industry, the telegraph industry, the VCR industry, Movie Rental Stores, the steam engine industry, E-mail accounts you have to pay for, dial up modems, floppy disks, 8mm and 16mm movie film, Newspaper classifieds, Public pay phones, Fax machines and more. It's a god-damn slacker rebellion!

[@mrwz626]

zarkoff45 Not to mention the typewriter industry, man what are those guys gonna go..

[@zarkoff45]

Good one, WKZ, and the millennials also killed off Panamerican Airlines, the company that was, according to "2001: A Space Odyssey", going to take us to orbiting hotels. They also got the DeLorean Motor Co., the car that could have traveled through time with a little tinkering.

[@Electronzap]

I am a GenXer. If I spent as much money as old people demand I do, I would need at least $1000 a day.

[@just_guess_]

I can't speak for all Millennials, but who the hell has money for that shit? If someone's working 40 - 60 hours a week and barely making enough to get by (if that), they simply aren't going to have the disposable income to go out and buy things.

[@hepthegreat4005]

I don't understand how a generation can be shamed for both being thrifty.... And spending too much. Isn't that an oxymoron?

[@DelanoHuntress]

hep the great seriously first avocado on toast and now this...like wtf

[@jrios1550]

so if you want change and beat corporations stop buying their shit. I never understood protesting on the streets but not boycotting who we are protesting. Only way to change corporations is by affecting their money.

[@j.corona8118]

Resourceful means. Yes go fishing, hunting, barter, learn to knit, dance, visit family, and most important listen, and learn to see the truth. play solitaire cause better day's are coming, just not for a long time. Remember even local shops are hurting.

[@joeywilcox8558]

so the older generation is fighting to keep the minimum wage unliveable, disbanding unions and raises taxes on people in that tax braket and then wonders why no one is spending their money on needless things...... makes sense

[@TwiStedTentom]

Joey Wilcox Republican logic in a nutshell.

[@streglof]

let's also blame homeless people for not buying enough sports cars and big screen TVs and not going to golf courses.

[@KenSexe67]

Some homeless people have actually tried going to golf courses but I don't think they are wanted there...I think they clash with the decor.

[@wishcraft4u2]

But those people are already broke, what's the point of attacking the solidarity with an entire segment of the population if there's nothing left to take

[@KenSexe67]

I agree...I was trying to be humorous by implying pretty much the same thing you said as I believe did streglof. Segmenting and attacking a certain demographic for not doing something can be counterproductive, especially if you fail to understand the behaviors involved.

[@DavidRSAT]

Just a scapegoat for the previous generations faults.

[@quaxk]

translation: g|bsmedat!

[@jimbob3030]

Millenials grew up with a lot of unemployment, underemployment, and or wages equal to 40 years ago since wages have stayed stagnant across the country. However housing costs are 10x what they were 40 years ago, so lots of housing is now owned by a wealthy class, corporations, banks, and overseas money.

[@carolschneider8639]

We not only killed the telegraph, we killed the horse and buggy.

[@rachelk2457]

our student debt is killing these retailers! duh! I don't have money after those payments to buy expensive stuff. maybe if education was cheaper or free this wouldn't be a problem.

[@sparklyunicorn5431]

as a full time wage slave I barely made enough to pay for my grad school tuition and survive living cheaply with lots of roommates. this shit sucks man...

[@pytdarlene]

sparklyunicorn Yeah but it's YOUR fault that they raised everything EXCEPT wages. CEO pay has NOTHING to do with it.

[@sparklyunicorn5431]

Darlene Pytlinski lol...greedy bastards.

[@dwaynedwayne8979]

Darlene Pytlinski Well quantitative easing causes prices to go up.........non of you peop,e cared when all that extra money was printed up to pay for government programs.

[@leulgeorgis3216]

Millenials can't spend what they don't have. When the tax and labour system accrues most of the growth generated in the past two and half decades to people who are already rich this is exactly what you get, On average, richer people spend less on necessities and less in proportion to their wealth whilst, the middle class and the poor are more likely to spend more on necessities and more as proportion to their income and wealth in general. This is why it is in everyone's interest to share This is economics 101.

[@helzapoppin9810]

Millennials spend less because they HAVE less. The jobs available to them pay way less than those that preceded them. They are drowning in educational debt. Credit is harder than ever to get, and even harder to pay back. These companies losing business and value only have themselves to blame for not paying decent wages and driving down the standard of living for the last few decades. The .01% "Miser Class" have sucked TRILLIONS out of the economy. This is the inevitable result of the voodoo economics this country has practiced since the 80s - even under allegedly "liberal" administrations. Capitalism, as we know it, cannot survive another 10-20 yrs. And it's the capitalists who destroyed it.

[@Gee-xb7rt]

I'm not a millennial, but I am a renter, and you want to know how much my rent has over doubled in 12 yrs. Anyone that rents is sending their landlord their paycheck, its just absurd. Someone just reminded me of the Powell memo, from 1971, its full of lies of white men still used today.

[@helzapoppin9810]

I'm not a millennial either (Gen-X) and a renter as well. We kind of have to be renters since the 2008 crash. Speculators and foreign investors gobbled up a huge portion of homes that were foreclosed, took them off the sales market and turned them into rentals at jacked up rates, then re-inflated housing prices again. The "housing crash" was one of the greatest wealth heists in history. (I'm also a white male, so it's not completely a race issue)

[@chrispz5675]

gisforgary my rent keeps going up every six months down here in Miami. I hate and can't wait to leave this shit hole. And what's worse they keep raising the rent, but the condition and appliances of the apartments are the same from 15 years ago, everything is old and over used. They don't fix anything, it takes them months to do anything and when they do it, they do it horribly and in a hurry. And where I live is not a bad area, but regular zone. I can't imagine worse places.

[@Gee-xb7rt]

+Tungus like it or not the white majority thought they were giving themselves a one up by investing in systemic racism, its just over time white people have had to learn they aren't as special as they told you to get you to sign up. One of the many travesties in 2017 is the way we keep a whole class of people as "undocumented immigrant" just for cheap labor, and racists buy into because they need someone to look down on. They are denied any path to citizenship, which denies them any voice in the govt, much like Nixon's war on drugs was to marginalize black people, give them arrest records so they can't vote. Why people think the govt will work better when black and brown people can't vote is quite frankly stupid, but I don't have much faith in humanity anyway. The whole planet is in the toilet, the rich know this, they are banking on buying a seat on a trip to Mars with Elon Musk. I don't think most people ever get the opportunity to know someone like the Kochs, their all flipping psychopaths. The Kochs have massive ranches in Wyoming far away from humanity so they can play cowboy should the whole pile of shit they helped create fall apart.

[@Gee-xb7rt]

+Christian, I really don't know where its going to be any better, FL has a particularly corrupt state govt, so if you leave the state at least you aren't paying for them anymore.

[@sylvainthibeault3447]

Credit is spending money you don't have on sh*T you don't need.

[@jenk289]

Im a Millennial, Ive come to terms with the only way i'd be able to own a house is when my parents die and leave theirs to me in their will. Otherwise i’ve got no chance. I think I prefer my parents to bricks and mortar though.

[@DelanoHuntress]

A Girl Has No Name pretty much

[@monicaheisz9797]

The most cliche deathbed sentiment is "I wish I made more time for _____ and worked less. Don't be salty we took your advice.

[@athews1976]

Another great point.

[@rdavian]

tried to buy two meals from Wendy's they wanted $22 for 2 burger meals..... I cancelled my order went to aldi bought burger patties a sack potatoes hamburger buns bacon and a pack of cheese for $20 bucks had burgers all week......frack spending money at resturants.......

[@writerconsidered]

Also marriage rates are dropping. Biggest reason to buy a house is to raise a family.