And as though they have good intentions...
"Then, of course, there’s student loan debt. According to the Federal Reserve, Millennials in their twenties carried an average debt of $22,135 last summer. This is one of the most integral metrics of the Millennial experience because of its implications for how much money a young person can save. Arecent study by ApartmentList claims that the rarefied minority of debt-free Millennials are putting away twice as much money as their counterparts who are still paying off balances."
~ M. Howard
https://theoutline.com/post/3840/frugalwoods-frugality-millennials?zd=1&zi=xhvtg6na
Not everyone has student loan debt!
Not everyone is a public school teacher in Oakland!
"Regardless of intent, these Millennials are telling an older generation of elite Americans — the very people whose policies and financial decisions kneecapped the economy — what they want to hear: that everything is more or less okay, and young people just need to be more thoughtful about their money. And that’s a shitty idea to perpetuate. Because whatever happens in the years ahead, penny-pinching will likely remain a lifestyle enhancement for bourgeois Millennials who possess enough money to enjoy the dividends of being thrifty. For most of us, there are no dividends: just thrift."
~ M. Howard
https://theoutline.com/post/3840/frugalwoods-frugality-millennials?zd=1&zi=xhvtg6na
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