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Rent, Traveling, and entertainment seems to replace the diligence of saving in my generation. Anecdotally, the sacrifice required -- living a draconian life of
by asdffdsa 5y ago
Rent, Traveling, and entertainment seems to replace the diligence of saving in my generation.
Anecdotally, the sacrifice required -- living a draconian life of cheap groceries, awful living conditions and long commutes -- is simply not worth it to lots of millennials who instead choose to enjoy their 20s and the healthiest years of their life having a good time balancing a regular job with a relatively lavish lifestyle off of work.
The tradeoff will probably mean much later home ownership (if at all), marrying someone who has money, or inheriting property from their parents.