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Honored Contributor
Posts: 10,375
Registered: ‎03-09-2010

Re: 25 Things Millennials Aren’t Spending Their Money On


@SilleeMee wrote:

Is there a reason why that list is singling out millennials??  Is that list suppose to be a comparison to some other generation(s)...like which one? I think it's only fair to ask.

 

ETA - A group of people put into a category for what they don't buy...?? That seems absurd to me.


@SilleeMee - I don't know about you but I'm kind of sick of the millennial bashings. 

 

Someone said they don't do laundry either, somebody else takes care of them.  None of the millennials I know.

 

They all have jobs, they can all pay bills, cook, clean, do laundry - etc...

Respected Contributor
Posts: 3,152
Registered: ‎02-05-2018

Re: 25 Things Millennials Aren’t Spending Their Money On

[ Edited ]

@Sooner wrote:

They live downtown and walk to work and eat out every meal or they live at home and mommy buys it for them.

 

They don't do laundry either.  Etc.  Somebody takes care of them.


I also don't use fabric softener and no one is doing my laundry but me.

 

A lot of vegetarians and all vegans also don't buy milk, meat, or mayonnaise, which is not the same as not cooking or eating out all the time.

 

Millennials range in age from 23-38 years old and most aren't living at home with their mommies. Not spending money on a house isn't the same as not spending money on housing. Many millenials are renters because they can't afford to buy house due to increased costs of home ownership, stagnant wages, and student loan debt. That's also part of the reason they aren't buying cars and instead take public transportation and ride shares. 

 

Many of my coworkers are millenials. You have done them a great disservice by assuming that, as a group, they can't and don't take care of themselves. They're great colleagues with a fantastic work ethic.

 

Trusted Contributor
Posts: 1,471
Registered: ‎10-10-2019

Re: 25 Things Millennials Aren’t Spending Their Money On

@CelticCrafter  .... Please don't take the "bashing" personally. Between your generation and mine (OK Boomer) they wouldn't have anything to complain about. At least we know they will remember our generation!

Honored Contributor
Posts: 18,415
Registered: ‎11-25-2011

Re: 25 Things Millennials Aren’t Spending Their Money On


@CelticCrafter wrote:

@SilleeMee wrote:

Is there a reason why that list is singling out millennials??  Is that list suppose to be a comparison to some other generation(s)...like which one? I think it's only fair to ask.

 

ETA - A group of people put into a category for what they don't buy...?? That seems absurd to me.


@SilleeMee - I don't know about you but I'm kind of sick of the millennial bashings. 

 

Someone said they don't do laundry either, somebody else takes care of them.  None of the millennials I know.

 

They all have jobs, they can all pay bills, cook, clean, do laundry - etc...


@CelticCrafter 

ITA

I have to giggle when someone bashes a younger generation.

I would say to that that person/group:

 

'If you truly believe that, more than likely YOUR generation caused it'.

 

When trying soooo hard to make someone else look bad,

it's flies back in their face. 

Respected Contributor
Posts: 2,168
Registered: ‎05-08-2010

Re: 25 Things Millennials Aren’t Spending Their Money On


@ValuSkr wrote:

They're a smart lot; less is more!  My sister said they're not buying furniture either; they prefer to rent - they're much more mobile if they don't have to cart furniture around.


"Less is more" for them in some areas, but "more is more" for them in others -- like tech and trendy foods.  Gosh, do they love their gadgets (the better to take and send pics of their meals)! 

Honored Contributor
Posts: 18,415
Registered: ‎11-25-2011

Re: 25 Things Millennials Aren’t Spending Their Money On

I also have to giggle.....

So many are taking this list so LITERAL.

 

"My brother-in-law's cousin's sister's kids DO use fabric softener,

so this list can't possibly be right."


Lists like this are important.  It gives retailers a vision of how to 

adjust their product/s to succeed in the future. Those that don't

will die a slow death & complain that "it happened overnight."

Respected Contributor
Posts: 3,152
Registered: ‎02-05-2018

Re: 25 Things Millennials Aren’t Spending Their Money On


@Johnnyeager wrote:

So what we've learned thus far is that not every Millennial eschews everything on the list and not every Baby Boomer embraces everything on the list.  That seems pretty logical.


It does. Unfortunately, no one reads a headline and says, "That sounds logical, I will click on it to read more," so we get news about things like this.

 

It's a huge bummer. I hate that so much news is driven by ratings, ads, and clicks per minute.

Trusted Contributor
Posts: 1,471
Registered: ‎10-10-2019

Re: 25 Things Millennials Aren’t Spending Their Money On

@vsm  ... Seen very many pics of their meals? Their fascination is with "tech and food". My generation was with sports cars or 4-wheel drive vehicles and 8 tracks. So?

Honored Contributor
Posts: 15,136
Registered: ‎03-09-2010

Re: 25 Things Millennials Aren’t Spending Their Money On

I guess the one that perplexes me is them not buying houses.

 

Does it mean they own condos or rent apartments?

 

Everything else, I can totally get.

 

Except I prefer to iron in high heals and drink corked wine.

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Posts: 8,736
Registered: ‎02-19-2014

Re: 25 Things Millennials Aren’t Spending Their Money On


@handygal2 wrote:

I found this interesting. The spending habits of Millennials will adversely  affect the future of many industries. Here’s a list of items that this new generation are not interested in: (from Tilty.com)

Here are my guesses

 

 1. Mayonnaise

Might as well buy a different sauce or aioli

 2. Domestic beers

Don't know much about beer so no comment

 3. Lottery tickets

Well known as the idiot tax

 4. Irons

Modern fabrics and casual clothes don't need this

 5. Fabric softener

See previous response

 6. Gym memberships

Can just play sports or exercise on their own - yoga doesn't need a gym membership 

 7. Diamond engagement/wedding rings

Too expensive when just starting out - plus blood diamonds

 8. Movie theater tickets

Expensive compared to watching a stream a few months later

 9. Warehouse club memberships, eg. Costco

Prefer fresh food so don't buy in bulk

10. Cereals

Not healthy enough

11. McDonalds, Burger King, etc.

See previous answer

12. Meat

See previous answer

13. Doorbells

Don't need to buy one if you aren't building a home

14. Napkins

Paper towels or microfiber instead

15. Automobiles

Public transport or Uber

16. Milk

Not seen as being as healthy as it used to be

17. Postcards

Post pictures and messages online instead

18. Stocks

Don't trust it not to crash

19. Cruises

Not adventurous enough, too boring

20. Hotels

Air B and B or stay at friends instead

21. Cable TV

Stream instead

22. Landline phones

Cell phone more versatile

23. High heels

Not comfy or casual enough

24. Suits

See previous answer

25. Houses

Expensive and tie you to one location so you can't move to get a better job


 

When you’re accustomed to privilege, equality feels like oppression.
"Power without love is reckless and abusive, and love without power is sentimental and anemic." - Dr. Martin Luther King Jr