We come from a generation who insisted that we go to college right out of high school with no other options provided, lest we "never go back after life gets in the way." There was no career direction, I never once spoke to a high school guidance counselor about career options, scholarships, finance or anything else important. Then, when we end up with 220k in student loans, the same generation calls us stupid and lazy, all the while we're working 5 jobs to pay student loans. Lets just say, we won't be financing your nursing home bills.
My husband went to trade school I worked my way up through the ranks one son went to collage one didn't etc stop blaming everyone who held a gun to your head and "made" you sign loan papers
Older generation: Go to college. You will be more successful than learning a trade like me and have more options in life and the world. Millennials to college and get degrees and a lot of debt. Years later. Older generation: You should have learned a trade instead of wasting so much time in school. #eyeroll
Older generation: Get a job. Millennials: Whaaaaa....I don't wanna work! Older generation: Then i guess you'll be poor. Millennials: Where's my inheritance?
I’m 39 and I am a teacher with a master degree and principal license. I have a lot of student loan debt that I thought would be forgiven-wrong. I’m doing Dave Ramsey and I’m already seeing results. Best advice, don’t get into debt!
Esther yes. While I was in college I was told that there were teacher forgiveness programs. All of my Perkins Loans were forgiven through a program. When I started teaching, the school I worked at had posters from the federal government that described a loan forgiveness up to 17,000. However, I did not qualify because I took out my first loan one year before the required date. I applied but was denied.
My wife and I (millennials) we were doing the Dave Ramsey thing before we knew who he was. You're right though, his advice is very sound for ANYONE willing to listen and take his advice.
jessi gut Exactly I use to teach. I got my Master's degree in Early Childhood SPED from GWU with my grand total $14,882. So I paid off my loans quickly.
Forget college and learn a trade. 27 years old and I have $170,000 saved in investments and bought a house at 21 years old. Live on less than you make, work hard and be intentional.
Steven G this is only sage advice for people who have no idea what to do with life, or have no interest or ability in practical knowledge and skills that can be applied in a given field. You’re not seriously trying to say that me at 23 making 85k with a degree (not boasting, but serves as a point) is less sustainable than your path? Where is the logic.? I get not everyone is as fortunate as I have been or as driven as I, career wise. But trust me when I tell you more than half the people I work with are under 35 and most are making at least 6% more than I am.
Max Contretas I didn't go to college and work a trade job making the same 85K all while never having a student loan payment, I also own a rental property that brings in mail box money so yeah college definitely isn't a requirement.
Exactly, there are too many students and i'd say at least 90% of them should not be there. Due to this issue, it has caused a multitude of people being unemployed, a new breed of worthless degrees and a large amount of student loan debt which some say will eventually lead to another recession. All of this simply because society has been conditioned to think that if they don't go to college, they will be a failure, which is not true at all. Now, we ignorant Americans are reaping what we have sown.
Being in debt doesn't mean depriving yourself completely of an experience such as traveling. It just means it can't be done constantly as if you weren't in debt
*I travel internationally and eat out every day and get 10 dollar Starbucks every morning and I have 100,000 dollars of debt but don’t worry I save 10 dollars a month*
Well guys, if this life style is intentional, why all the whining then? Live your life easy, travel, drink coffee in Starbucks everyday, have fun, go out with friends. Cool. But then please stop whining about how unjust the world is and why you don’t have kids, no house owned, no wealth, no family, no savings. It is your choice, don’t be ashamed of it, own it. I excuse you
Millennials are not staying at home with their parents because they are "saving money" - it is because they are incapable of financing a home. After college, you have an atrocious debt-to-income ratio, so no institution is willing to loan you more money. Often times, the jobs we were essentially promised and trained for do not exist, or we do not have the work experience required because we spent our twenties in academia. That's why you will find so many impoverished, talented, intelligent young people with bachelor's or master's degrees working low-wage hourly jobs. And you ask, how are institutions capitalizing on this generation? By feeding us delusional lifestyle promises through our youth, ensnaring us in fraud, and raping us with interest on borrowed money that never existed in the first place.
YOU HAVE DEBT! PAY YOUR DEBT FIRST THEN HAVE YOUR EXPERIENCE. You're not responsible. I hear so often about balance between debt and enjoyment or things they want. No it is not a balance, responsibility first, fun later.
The older generations are the ones that stress that we need to go to college to succeed. Like people look down on jobs in particular trades. Those are going to be in high demand considering that they are skills and are being left open because more kids are being pushed into colleges. 😔
rainbow snout You really couldn't tell these kids anything. If you had told them to learn a trade or skill they look at you like you just spit on their foot. I'm glad my niece listened to me though. She worked through school. Didn't blow what little student loan she got on plane tickets and hotels for spring break,cell phones,cars,gaming computers,spas,etc.. And she researched a marketable career. She's works for LucasFilms currently in Singapore making $82k. I also had my nieces and nephews contributing to their Roth IRA since they were 14 years old. She' is the oldest at 24 and already have over $70k in her Roth IRA account.
takes 4 years to become a licensed plumber in my state....zero debt when all is said and done...minimum 25$ an hour to start...much more of you are union. people have been brainwashed into to must have a degree to be a success nonsense.
terrible idea. thats such an older and outdated way of thinking. if you truly want him to succeed in this generation and FUTURE gens then have him do something IT related. not a plumber lmfao. something where he will be ON the wave of advancement, not swimming in the pool.
Lowkey Jane girl please lolol buildings will literally ALWAYS need plumbing and electrical I know plumbers now who own their business and make more than some JDs I know dont make me post links lol that's why you "young people" have no property and $200k worth of debt lolol and smh
if that is an outdated way of thinking why are there waiting lists for trade high schools?? why are states increasing the budgets for trade schools?? we need more tradesman not people with masters degrees in chinese basket weaving and gender studies.
working shlub not only that other countries with better economies like Germany for example said tjeh owe it to apprenticeship programs in trades like plumbing, electrical and mechanics, they have a pipeline system from hs straight into apprenticeships and their economy is doing much better than ours. In fact I heard that we will start to mimic their programs soon. Certain things will just always be needed, that's like saying farming is outdated lolol people always need food sure there are advancements in farming technology but farming as a whole will always be needed. Same thing with plumbing etc
A tale of two millenials. One spent 6 years in college to get a masters in education and went to work at age 25 for $32,500 per year to pay down $112,000 in student loan debt. He is now 30 and his salary has gone up to $45,750. He is still $77,800 in debt. He lives with his parents. The other got a job as a carpenter out of high school making $20 per hour which netted him, with some overtime, $43,100 his first year. At age 21 he started his own contracting firm. His annual profit in his pocket at age 30 was $117,200.00. His company is valued at $3.7 million..He just completed a new house worth. $385,000.00. Because of his skills, It only cost him $192,000 to build it. The truth is that college educated millennials start off far behind many of their "less educated" fellows and will never catch up.
That is the Exact route I took, Except I went to work part time at 14 and full time at 18. Graduated With A High School Diploma that was essentially worthless. Started learning trade skills at 13 Mechanics, Combination Welding, Pipe fitting etc. now 21 and will have a down payment on a home this year. All my peers who went to college are weeping Because they have so much debt and can only find employment at there local Starbucks..
I’ll admit I learned more teaching myself code. But developers without degrees get paid far less than with. When I was getting my degree I was making half of my coworker who flat out said I should’ve been the lead developer, but he got paid more cuz he had a “stupid piece of paper “
i am a millenial, college graduate with stable job in healthcare. i have no student loan debt. the only debt i have is my car loan which i will pay it off in less than 2 years. i dont live in an expensive apartment. i dont have my own house. i dont have a mortgage. i live in a housing called homeshare. its definitely a cheaper way for me to live without spending half of my income in monthly rent. i save 10% of my paycheck in a retirement roth 403b account. i am a millenial.
so not doing so good lol i have a mortgage 30 year fixed not unfixed paying 600 but i have a fiance so we split it so its technically 300 a month i save money in dollars but im saving for my retirement in gold as gold will be worth more dollars in the future thanks to inflation and dollars will be worth less im about to go to college online for accounting even though i would rather just work gain experience and move up. i am a millennial
Look into a bookkeeping job. By the looks of it, you could maybe get your foot in the door without need a bachelors and only a few courses. It's probably best to call around, though.
Its rather simple. Stop spending on anything that's not housing(this would include elec. and water), transportation or food. And decrease those three expenses as much as possible. If you are spending on anything else you're spending too much for someone whos broke.
"It's a bad stereotype that they overspend" right after showing them on ATVs, buying vintage cars, and shopping for clothes and right before hearing them say they like traveling overseas! Cry me a river, kids.
There are a lot of different people of millennials and the generalization of being lazy and stupid is incorrect. Yes there could be a percentage of them not caring, but some are smarter than older generations realize.
RealLife Money You do understand generalizations and stereotypes exist because they're based in reality? When people make generalization they speak to the majority not the minority. A minority is implicitly implied by the very definition. Le sigh.
We aren't taught to care about money before college. Contrarily, we are taught that tens of thousands of dollars of debt is "necessary" and isn't a big deal! It isn't until we start having to pay it off that we realize how much money it actually is. I hope we can change this mentality; this is why myself and many others have made it our mission to try to educate about good money practices and a healthy money mentality!
Brock Story Lol, no they don't. They only do what best serves them and their pockets, while occasionally doing something for the people just to keep up appearances.
I would say that it's very uncommon to find college graduates who actually fall into a position within their target carrier path. These people CBS is featuring are anomalously successful from what I've seen. Just about everyone I know is fighting a hopeless battle against student loan debt and has no hope of being able to afford a family or a home, let alone whimsical travel "experiences".
I'm 39 and doing the Dave Ramsey program to get out of debt. These kids are in more debt than I at that age and even now! That's very sad! I work full time and my side hussle job is supervisor at skate rink and pet care and cleaning.
Angie Klinzing Has anyone heard of the “Kalamazoo Promise” scholarship program that can cover up to 💯 %? People are moving to that city because of that program..It even covers for private universities too. Gf
Sean Keenan I don't think anyone judges millennials for wanting an education. It's the fact that they choose the most useless degrees that have absolutely no prospective. Or aren't willing to plants the seeds and are too impatient to wait for the pay off. Signed a millennial.
Im 33 years, therefore I'm an old millennial. This "useless degree term" never came about until after the recession. My senior year in highschool, I had a teacher who told I and my peers that student loan debt was something that you take on as a means to invest in your future. All of my teachers encouraged students to go to college. Fast forward to 2008/2009 and now everyone wants to say we were stupid for going to school or gaining stupid degrees. There was no talk of this pre 2009.
A parent should never ever cosign a loan. Ever. They want to go and play for 4 or 7 or 8 years. Great. Let them pay for it. My daughter is so mad because that her payment is $1100.00. Per month. I hope mommy and daddy are not stupid enough to cosign a student loan. These kids want it all handed to them. Dont ever put them on your car insurance policy. Ever. Have them get a job and they pay for it.
Peter Northrup what happens if they are generous and want to help? My parents volunteered to pay off my student loans because they don’t want to see me drown financially. Because of them, I was able to save up a lot of money, move out, and buy a house. I never take them for granted and I know I owe them everything
It boggles my mind that a generation that lives on the internet is too stupid to take five minutes and google "average starting salary for X major" before they decide what they want to do for the rest of their lives.
The internet is literally a source for all and any information, so calling us millennials stupid all while saying we ''live on the internet'' is a contradiction. Looks like you are the stupid one. Also, all generations use the internet heavily, wheres your source to prove millennials use it more?
It boggles my mind: A) That individuals from other generations are so quick to ridicule the millennials. For, it was, afterall, the prior generations that were responsible for wrecking the current economy. B) In the era of information others (between ages of roughly 39-58) are still unable to use the internet in its most rudimentary form and for the most trivial purposes. Others such as yourself are incapable of being critical thinkers, becoming more innovative and lack class. You all fail to see the necessity and the relevance for creativity from the arts to abstract areas which stem from such topics as ontology and esotericism. C) Older (usually conservative or/and Republicans) are unable to see the most obvious flaws of Capitalism. You (and many others) are unable to see that there is no REAL free market Capitalism in the US. Friend, I encourage you keep watching Fox news.
I get what you're saying, but there can be a lot of inaccurate information even on salaries. Also the majors may not give you practical knowledge. There's also a degree inflation which many are unaware of.
I am in debt because I knew what I wanted to do for a career, and needed money to get there! I have traveled for interviews, had to buy good interview clothes, had to buy an SUV that's good for the snow and gas and two years later I got the call! I am $40k in debt with car and student loans. I will be working a better paying job, living happier and working to pay that off. You don't have to drown in debt, just have to be smart and if you don't know what you want don't go to school yet!
Private university + Private Med School = 300k debt (interest accruing as I type). As long as we are able to work in the careers we worked hard to get into, we will be fine. If we hadn't been granted these loans, many of us wouldn't have been able to pursue higher education. It's literally, the price we pay for the choices we have made in life. Not all millennials are crying "poor me", while still living rent-free with mom and dad, that is an unfair generalization.
fangiscool1 Not everyone wants go be a fancy specialist and not everyone gets into a residency program. So you have debt for a profession you aren't working in. Even if you do become a specialist, there is a thing called "life" that requires other expenses. It is unrealistic to pay off school debts in 1-2 yrs.
Private loans are the absolute worst, and I should know! Do not give up everyone, my family has paid off $28k in 18 months. It is possible to rectify your mistakes if you're focused and intense.
Not blaming my parents but people in general don't know what they don't know. I was pressured by my parents to go to college when I knew it wasn't what I really wanted to do. I took on 32K in student loan debt (which is relatively low) for a degree I didn't use. I graduated in 2010, started paying it off in 2016 and still have 8K left. I'm grateful to have gained the knowledge I needed pre college so I can enlighten others with my story moving forward 🏁
It doesn't matter how much things cost. It is all about the experience. They will pay anything for an experience and rack up debt. They make decisions on what makes them feel good rather than keep economics (a.k.a. 4th grade math) in mind. Who else does this? Children. It is not limited to the generation being mentioned. It includes a lot of older people, too. But I can say with confidence that the density of those who spend like a congressman and expect the government or their parents will come to their rescue when they neglect 4th grade math is getting significantly greater. I feel that there is an alarming amount of people who will prefer to pay for a AAA membership rather than learn how to change a tire, for example.
Do you see a trend there? Don't just run out and do whatever makes you feel good and suddenly you have no or manageable debt. You may also end up with $10,000 pounds or dollars or whatever in the bank, and you are much better able to handle hurdles as they come up. It doesn't matter how old you are, but the opposite trend is greater with that of the millennial generation. Who's to blame? Well, probably the parents. The generation before. The ones with whom you work who don't give a crap as they are just riding out their time until retirement.
I'm just gonna say it, I hate my generation. I am so glad I was raised in a no free rides household, by parents who were moderately conservative, and didn't spoil me and taught me the values of hard work. People like this would not make it a day in a household like my parents
After, I complete my masters, I'm not sure what to do? Should I join the army (Active Duty) or get a Ph.D in 4-5 years? My long term goal is become a miltary historian.
"I'm a millennial and I'm obviously not lazy." I'm sure the librarian with the 200K in student loans will tell you they're also a millennial and they're obviously not stupid.
I work with millennials. Breakfast bought. Lunch bought. Dinner made by mum (of course they live at home). Leasing BMW cars, going on foreign holidays twice a year. Latest phones and laptops and of course, designer clothes. I wonder why they're poor? It's a mystery!
davidc2570a first off, there is nothing wrong with living at home if you are saving money. Second off, perhaps their parents bought their phone, laptop, and clothes. Not all millennials spend carelessly
Why havent you tried to get a job, or do an actual hustle, not a side job. I did real hustles as a child, it built me work ethic, taught me the value of a dollar and brought in money.
I've watched several of these videos on student loans and the difficulty kids are having finding a job in their fields of study. Why so many fail to research the possibility of employment after graduation is beyond me. We often think that colleges are looking to enroll the brightest most promising students but the student loan crisis proves quite definitely that they are actually preying on the dullest, least realistic students, ones looking for a dreamy education in dreamy fields of occupations. But then isn't that what the left prefers? And aren't they the ones overwhelmingly encouraging college education? How else will our children be introduced to a leftist mindset while becoming so desperately in debt. So desperate in fact that they will vote for an otherwise disgusting candidate, just because that candidate promises student debt relief.
For that reason, instead, I went to a community college and now work as receptionist and do my own investments with 0 debt. If the student loan seemed manageable, I would already been a doctor or lawyer.
I have a friend who paid her student loans after college by renting a one bedroom apartment with two other girls. They worked until they paid off their loans.
l went to a trade school for 1 year costs aboy 30k...LVN licensed vocational nurse...l make over 50k in one year and there are a ton of jobs and opportunity to advance.
I am an older American who raised two sons who are millennials. I always ask a Millennial who say they cannot make it on one job...the first thing I ask is how much student loans and credit card debt do you have? Do you have a SmartPhone, Cable TV, expensive vehicles? Do you buy Starbucks coffee every day and eat out? Are they wants..or needs? I don't expect Millenials to hit the same milestone we did, (marriage/families/homes) it's the student loans and credit cards debt that hey have that alarms me....Look at Dave Ramsey for financial freedom....You have no idea what it wil mean to not have enough money to retire....the future is coming faster than you realize.
If this is an accurate cross section of millennials, why are so many doing poorly? Increased debt, increased depression, etc... These women sound like used car salesmen.
Gerald N many struggle with dept form student loans, since many belived (partly rightly so) that a degree was the way to go in order to get a good life. I don’t personally know any millennials in the US (lives in Sweden) but from what I’ve gathered, many student loans have very high interest rates and are hard to repay, the tuition in many schools are also higher than it used to be, making the loans even larger. I believe that many are to afraid of looking at there loans so they only pay the minimums (that will cost more in the long run, sometimes the minimum doesn’t even cover the entire interest), so that makes them even worse off.
I blame the parents for sending them off to college just to get rid of them. I hear it all the time. The parents should pay their debt. I have 5 children and it is my responsibility to finish raising them and pay for some or most of their college. Also why are children traveling when they still have college debt?
love how they say they enjoy experiences yet they spend the whole time looking into a machine attached to their hands. Also they think their social media portfolios document and prove how rich they are in experience when I think it is quite the opposite
I’m 25, went to school for 3 weeks when I turned 21 and got a class A commercial drivers license. I make a little over 100k a year but I also live in CA so yeah it’s not super good but I live comfortable and my job isn’t very stressful. I can do better though, everyone can
How, my husband went there for 2 years and only paid 6k (he worked nights at ups which has a tuition reimbursement program. Even the 2 years was worthless he ended up becoming a philly firefighter
Some millennials do need to consider before going to university whether it’s worth it or not, not only in terms of potential debt but the quality of the education offered and future career prospects. After all, you don’t want to end up with an extremely expensive certificate. If you don’t go to university perhaps consider learning a skill or trade (which will not be replaced by AI) or experiment with a side hustle business.
Brock Story gold and silver has no intrinsic value. I guarantee if the market collapsed no one is going to care about having metals. They are going to want food, shelter, services, etc Money is just an idea, a way to keep track of resources of how valuable you were to society. You got a rare skill in demand you won’t need to buy metals that are arbitrarily high in value due to weak demand based on perceived value of them. When money loses value, your skills or what you have to offer the world doesn’t.
Tim Yang Having a skill doesn't give you everything you need. You have to have a medium to trade goods and services with others. Gold and silver is great for that because it's rare resource. The system of money will never go away. It's so deeply imbedded in every human society that it's a part of our nature now.
Too bad more and more employers are basically forcing people to go get a college education for a entry-level job anyway all you have to do is look at indeed and you'll see the list of employers doing that for jobs I don't really need that level of Education
What’s on knowing what people make? It should give people reason to think “why don’t they make as much and what they have to do to get there?” Give reason to go for more and see what else they can do to get there. It’s not taboo to get an idea to know what your worth and what you can offer.
I don't say don't get higher education but I do say don't waste your time on an arts degree because getting a degree in lesbian dance theory is going to do absolutely nothing for you except putting you in financial peril but make some lunatic teacher money
Life ain't easy. Problem is easy credit and no job. Banks won't lend money to people with no jobs so why should we throw money at young people with no jobs?
Unless you're going to college to be a brain surgeon or something specialized, most jobs you should be able to learn while working there. (I know the job market isn't that simple and easy to get into)
American taxpayers knows were the taxpayers money for education goes and the truth is that money needs to go to American children and our families education...this is not a race thing it's a needed thing.....for all Americans...
PRIORITIES PEOPLE I have young adults with degrees in hand coming to interviews looking like crap everything pierced all the NASTY tattoos and use the word "like" every third word ridiculous
Late post. But, here’s my two cent. Lots of the Millenials do like to travel. But, I feel it’s an incredible over-generalization to say “they like to travel a lot overseas”. For every one person I know that does, I would say there are 10 who don’t... either they can’t afford to or just never have. This, like so many conversations, is led with the most privileged among us top of mind. For instance, I always hear about how many millenials live at home. I never hear about how many millenials’ parents live with them or are assisted financially by them. Among some communities, I think that number would be higher than one might think.
Uhhh so how are they different (financial-wise) from Gen-X except that Millennials cry poor house when they have all of these "side hustles" for income Gen-X didn't have and that their parents let them sponge off of them like little babies well into adulthood while blowing their money on iphones, leased BMWs, etc. They need to grow up and stop complaining.
Not old and have nothing to be bitter about. Ashley ASHLEM who commented below is 21 years old and essentially sees it the same way. So is that all you got "Lowkey?" Oh, yeah everyone, so as you can see, some of them aren't very bright either.
I seriously don't get why americans won't talk to their co-workers about their salaries. At my side hustle here in Sweden it's something we go over in about 2 minutes over lunch. Do you risk losing your job or something, or am I just misunderstanding the situation? genuinly curious!
@Carl Mannhard - In the U.S. we don't talk about salaries with co-workers because it's heavily frowned upon. It's not an official policy, but it's more like something that is understood. When it's discussed, it's with a very few trusted co-worker who is also a friend and done secretively. If one finds out the other is getting paid more and decides to complain to management, things can get very ugly. I can count on ONE finger the number of times I discussed salary with a co-worker.
I was 250k in debt but that all zeroed out by seeking out a down low married man I met. My sugar daddy was very wealthy and his wife never even realized that he paid off that type of money in a short period of time. Their are so many married men who really want us male sugar babies that they are willing to spend 💰🏧💳💵💸💲✈🚡🍸🍷🍻💎💍 what ever it takes to be with us. College guys no need to fear because married men sugar daddies are here.
I think most of my generation are idiots. Most are broke yet they still spend on luxuries. I'm wealthy for a 21 year old because I've been working for a decade now, most 21 year olds didn't start working until they were 18+ and I know some Americans my age who have never worked before, which I think is insane for a 21 year old. When my grandmother was 21 she quit working in order to raise a family. Theres no need to be debt ever. Ive never been in debt, I've just worked hard my whole life and when your young you have to hustle and you start the hustle as a child not an adult, thats too late to start. You need to build your job knowledge long before you finish high school.
I didn't get my first job until I was 21, but it is in my career field. I'm now the lead person in my position in my department. My mother worked extremely hard to make sure that I could receive a college education without having to go into a crippling amount of debt. I went to a junior college for two years (for free thanks to a grant I earned), got an Associates and am now going to earn my Bachelors in the Spring. I can commend you on working extremely hard to get to where you are, but your hustle isn't for everyone. Everyone moves at their own pace.
Ashley ASHLEYM Most people's childhood did not have well educated or wise parents to guide them in the right direction. Behavior is learned by example most didn't have good financial examples to build from. Most people think or thought you needed a degree to live well but truth is all you need is a good idea, good communication skills, hard work, perseverance, patience and a tiny bit of luck to "make it happen"
well college would be good if it was worth the cost but government makes it to expensive and they also make private school to expensive because they have a monopoly on education for middle and poor class so we need to end public schools let the private sector teach our generations they have more of an incentive to teach well
You’re wealthy at 21? Kid I think you have wealth and having a bit of money stashed confused. You also have an overly simplified view of the world. One has to wonder if you really have our head on straight. Not saying you don’t, but you’re talking a bunch of privileged bs.
Lol these people. I’m a millennial and I’ve been saving and investing my funds. I’ve limited my trips and clothing till after I’ve built up my net worth. If you still have money to travel and buy designer outfits you aren’t trying hard enough to save or get out of debt. At the rate their going they’ll be in debt till old age
We come from a generation who insisted that we go to college right out of high school with no other options provided, lest we "never go back after life gets in the way." There was no career direction, I never once spoke to a high school guidance counselor about career options, scholarships, finance or anything else important. Then, when we end up with 220k in student loans, the same generation calls us stupid and lazy, all the while we're working 5 jobs to pay student loans. Lets just say, we won't be financing your nursing home bills.
Amen!
Exactly
My husband went to trade school I worked my way up through the ranks one son went to collage one didn't etc stop blaming everyone who held a gun to your head and "made" you sign loan papers
There is other options like trade schools, public College,universities, there's probably others
Fair enough!
Older generation: Go to college. You will be more successful than learning a trade like me and have more options in life and the world.
Millennials to college and get degrees and a lot of debt.
Years later.
Older generation: You should have learned a trade instead of wasting so much time in school.
#eyeroll
I'm a college-educated millennial and I agree that a lot of our generation went to college.
Exactly.
Older generation: Get a job.
Millennials: Whaaaaa....I don't wanna work!
Older generation: Then i guess you'll be poor.
Millennials: Where's my inheritance?
Andy W lowest unemployment in history, who’s not working besides lazy baby boomers?
I’m 39 and I am a teacher with a master degree and principal license. I have a lot of student loan debt that I thought would be forgiven-wrong. I’m doing Dave Ramsey and I’m already seeing results. Best advice, don’t get into debt!
cienergi Did someone tell you it would be forgiven?
Esther yes. While I was in college I was told that there were teacher forgiveness programs. All of my Perkins Loans were forgiven through a program. When I started teaching, the school I worked at had posters from the federal government that described a loan forgiveness up to 17,000. However, I did not qualify because I took out my first loan one year before the required date. I applied but was denied.
Dave has a great program that will give you peace of mind and improve your life.
My wife and I (millennials) we were doing the Dave Ramsey thing before we knew who he was. You're right though, his advice is very sound for ANYONE willing to listen and take his advice.
Great for the student who can get their loans forgiven. Bad for the taxpayers who have to foot the bill.
A librarian with 200k in debt wow
Nicholas Petitt same here
Lol weird right!
I have a degree and I am debt free! People with that much SL debt went to Mexico and looked at college as an experience not an education.
I'm a pharmacist and have $220,000 in student loan debt right now. I went to a local college and my college life was boring AF.
jessi gut Exactly I use to teach. I got my Master's degree in Early Childhood SPED from GWU with my grand total $14,882. So I paid off my loans quickly.
Over 100k in student loans. ....to become a librarian.....wow...
Jen Tuesday can they read contracts.
library is a hustle.
Millenial here! Climbed out of 90k in debt and now have a paid for 200k house at 29.
purplefashion03 Probably a Dave Ramsey bot. Lol
Forget college and learn a trade. 27 years old and I have $170,000 saved in investments and bought a house at 21 years old. Live on less than you make, work hard and be intentional.
Steven G this is only sage advice for people who have no idea what to do with life, or have no interest or ability in practical knowledge and skills that can be applied in a given field. You’re not seriously trying to say that me at 23 making 85k with a degree (not boasting, but serves as a point) is less sustainable than your path? Where is the logic.? I get not everyone is as fortunate as I have been or as driven as I, career wise. But trust me when I tell you more than half the people I work with are under 35 and most are making at least 6% more than I am.
#daveramsey
what do you for a living? I'm assuming you did online marketing, real estate, or investing?
xKalphax I'm an HVAC Tech and installer
Max Contretas I didn't go to college and work a trade job making the same 85K all while never having a student loan payment, I also own a rental property that brings in mail box money so yeah college definitely isn't a requirement.
There are too many millennials in college. There, I said it. There is no reason for strong 22 year old men to be jobless with an art history degrees.
Exactly, there are too many students and i'd say at least 90% of them should not be there. Due to this issue, it has caused a multitude of people being unemployed, a new breed of worthless degrees and a large amount of student loan debt which some say will eventually lead to another recession. All of this simply because society has been conditioned to think that if they don't go to college, they will be a failure, which is not true at all. Now, we ignorant Americans are reaping what we have sown.
Side Hustle was a game changer for me to pay off all of my student loans!
Freedom In A Budget hustle is a new way of life. Will bring the economy to a new order.
A Second job is also a good idea to waste more time working
@bmetr1 lol yeah she turned tricks big time
Definitely, if you dont have enough money better go the side hussle route
People have 100k student loan debt and decide to go on a trip to Europe.... thats the problem.
well the problem is also that government subsidizes student loans so it gives colleges an incentive to raise tuition
Being in debt doesn't mean depriving yourself completely of an experience such as traveling. It just means it can't be done constantly as if you weren't in debt
well a responsible person wouldn't
Brock Story a responsible person also wouldn't make their life miserable by letting loan debt stop them from frugally enjoying life here and there
yeah okay. your saying a responsible person when in debt would instead save money would spend it? I dont know about that.
*I travel internationally and eat out every day and get 10 dollar Starbucks every morning and I have 100,000 dollars of debt but don’t worry I save 10 dollars a month*
That's. Living. Brotha. Style. Ku.
Well guys, if this life style is intentional, why all the whining then? Live your life easy, travel, drink coffee in Starbucks everyday, have fun, go out with friends. Cool. But then please stop whining about how unjust the world is and why you don’t have kids, no house owned, no wealth, no family, no savings. It is your choice, don’t be ashamed of it, own it. I excuse you
demondojr just because you are in debt doesn’t mean that you should live like a prisoner, period.
Millennials are not staying at home with their parents because they are "saving money" - it is because they are incapable of financing a home. After college, you have an atrocious debt-to-income ratio, so no institution is willing to loan you more money. Often times, the jobs we were essentially promised and trained for do not exist, or we do not have the work experience required because we spent our twenties in academia. That's why you will find so many impoverished, talented, intelligent young people with bachelor's or master's degrees working low-wage hourly jobs. And you ask, how are institutions capitalizing on this generation? By feeding us delusional lifestyle promises through our youth, ensnaring us in fraud, and raping us with interest on borrowed money that never existed in the first place.
You sound mad.
YOU HAVE DEBT! PAY YOUR DEBT FIRST THEN HAVE YOUR EXPERIENCE. You're not responsible. I hear so often about balance between debt and enjoyment or things they want. No it is not a balance, responsibility first, fun later.
The older generations are the ones that stress that we need to go to college to succeed. Like people look down on jobs in particular trades. Those are going to be in high demand considering that they are skills and are being left open because more kids are being pushed into colleges. 😔
rainbow snout
You really couldn't tell these kids anything.
If you had told them to learn a trade or skill they look at you like you just spit on their foot.
I'm glad my niece listened to me though. She worked through school. Didn't blow what little student loan she got on plane tickets and hotels for spring break,cell phones,cars,gaming computers,spas,etc..
And she researched a marketable career.
She's works for LucasFilms currently in Singapore making $82k.
I also had my nieces and nephews contributing to their Roth IRA since they were 14 years old.
She' is the oldest at 24 and already have over $70k in her Roth IRA account.
takes 4 years to become a licensed plumber in my state....zero debt when all is said and done...minimum 25$ an hour to start...much more of you are union. people have been brainwashed into to must have a degree to be a success nonsense.
working shlub i agree I will steer my nephew towards this type of job less debt well paying always needed
terrible idea. thats such an older and outdated way of thinking. if you truly want him to succeed in this generation and FUTURE gens then have him do something IT related. not a plumber lmfao. something where he will be ON the wave of advancement, not swimming in the pool.
Lowkey Jane girl please lolol buildings will literally ALWAYS need plumbing and electrical I know plumbers now who own their business and make more than some JDs I know dont make me post links lol that's why you "young people" have no property and $200k worth of debt lolol and smh
if that is an outdated way of thinking why are there waiting lists for trade high schools?? why are states increasing the budgets for trade schools?? we need more tradesman not people with masters degrees in chinese basket weaving and gender studies.
working shlub not only that other countries with better economies like Germany for example said tjeh owe it to apprenticeship programs in trades like plumbing, electrical and mechanics, they have a pipeline system from hs straight into apprenticeships and their economy is doing much better than ours. In fact I heard that we will start to mimic their programs soon. Certain things will just always be needed, that's like saying farming is outdated lolol people always need food sure there are advancements in farming technology but farming as a whole will always be needed. Same thing with plumbing etc
A tale of two millenials. One spent 6 years in college to get a masters in education and went to work at age 25 for $32,500 per year to pay down $112,000 in student loan debt. He is now 30 and his salary has gone up to $45,750. He is still $77,800 in debt. He lives with his parents.
The other got a job as a carpenter out of high school making $20 per hour which netted him, with some overtime, $43,100 his first year. At age 21 he started his own contracting firm. His annual profit in his pocket at age 30 was $117,200.00. His company is valued at $3.7 million..He just completed a new house worth. $385,000.00. Because of his skills, It only cost him $192,000 to build it.
The truth is that college educated millennials start off far behind many of their "less educated" fellows and will never catch up.
Mike Stebbins lol
Yeah you believe that bud
That is the Exact route I took, Except I went to work part time at 14 and full time at 18. Graduated With A High School Diploma that was essentially worthless. Started learning trade skills at 13 Mechanics, Combination Welding, Pipe fitting etc. now 21 and will have a down payment on a home this year. All my peers who went to college are weeping Because they have so much debt and can only find employment at there local Starbucks..
This is very true. Luckily I could see how stupid it would be to go into debt for a piece of paper.
My “stupid piece of paper “ doubled my salary in the tech industry
I’ll admit I learned more teaching myself code. But developers without degrees get paid far less than with. When I was getting my degree I was making half of my coworker who flat out said I should’ve been the lead developer, but he got paid more cuz he had a “stupid piece of paper “
i am a millenial, college graduate with stable job in healthcare. i have no student loan debt. the only debt i have is my car loan which i will pay it off in less than 2 years. i dont live in an expensive apartment. i dont have my own house. i dont have a mortgage. i live in a housing called homeshare. its definitely a cheaper way for me to live without spending half of my income in monthly rent. i save 10% of my paycheck in a retirement roth 403b account.
i am a millenial.
d3r3kyasmar Smart dont buy get a mortgage until all your other debts are paid.
so not doing so good lol i have a mortgage 30 year fixed not unfixed paying 600 but i have a fiance so we split it so its technically 300 a month i save money in dollars but im saving for my retirement in gold as gold will be worth more dollars in the future thanks to inflation and dollars will be worth less im about to go to college online for accounting even though i would rather just work gain experience and move up.
i am a millennial
Look into a bookkeeping job. By the looks of it, you could maybe get your foot in the door without need a bachelors and only a few courses. It's probably best to call around, though.
You sound like a typical millennial lol
10% isn't enough if you don't have a defined benefit retirement plan. Better pump that up to at least 15% minimum.
I can relate to all of them! Finding that balance is super hard, but we make it work.
Its rather simple. Stop spending on anything that's not housing(this would include elec. and water), transportation or food. And decrease those three expenses as much as possible. If you are spending on anything else you're spending too much for someone whos broke.
Luis Lugo getting a degree in being not broke.
This is the part of the reason why millennials don’t have children either.
"It's a bad stereotype that they overspend" right after showing them on ATVs, buying vintage cars, and shopping for clothes and right before hearing them say they like traveling overseas! Cry me a river, kids.
There are a lot of different people of millennials and the generalization of being lazy and stupid is incorrect. Yes there could be a percentage of them not caring, but some are smarter than older generations realize.
RealLife Money You do understand generalizations and stereotypes exist because they're based in reality? When people make generalization they speak to the majority not the minority. A minority is implicitly implied by the very definition. Le sigh.
We aren't taught to care about money before college. Contrarily, we are taught that tens of thousands of dollars of debt is "necessary" and isn't a big deal! It isn't until we start having to pay it off that we realize how much money it actually is. I hope we can change this mentality; this is why myself and many others have made it our mission to try to educate about good money practices and a healthy money mentality!
I wish you success with that cause! It’s important!
tell the government to stop guaranteeing loans
Cause the government listens to us...
they do, if everyone was into politics but alot of people say what you just said oh they dont listen so owell
Brock Story Lol, no they don't. They only do what best serves them and their pockets, while occasionally doing something for the people just to keep up appearances.
The Louster so stay out of politics and nothing will change, so stop complaining
Brock Story. Its the loan company changing the interest rate every month. That is the problem.
I would say that it's very uncommon to find college graduates who actually fall into a position within their target carrier path. These people CBS is featuring are anomalously successful from what I've seen. Just about everyone I know is fighting a hopeless battle against student loan debt and has no hope of being able to afford a family or a home, let alone whimsical travel "experiences".
I'm 39 and doing the Dave Ramsey program to get out of debt. These kids are in more debt than I at that age and even now! That's very sad! I work full time and my side hussle job is supervisor at skate rink and pet care and cleaning.
Awesome job working the plan!! Dave Ramsey changed my life and helped me pay off all of my debt!
Angie Klinzing can life be more about not having a college degree and debt.
Angie Klinzing Has anyone heard of the “Kalamazoo Promise” scholarship program that can cover up to 💯 %? People are moving to that city because of that program..It even covers for private universities too. Gf
People should not judge millenials for wanting an education and better quality of life.
Sean Keenan I don't think anyone judges millennials for wanting an education. It's the fact that they choose the most useless degrees that have absolutely no prospective. Or aren't willing to plants the seeds and are too impatient to wait for the pay off. Signed a millennial.
Im 33 years, therefore I'm an old millennial. This "useless degree term" never came about until after the recession. My senior year in highschool, I had a teacher who told I and my peers that student loan debt was something that you take on as a means to invest in your future. All of my teachers encouraged students to go to college. Fast forward to 2008/2009 and now everyone wants to say we were stupid for going to school or gaining stupid degrees. There was no talk of this pre 2009.
Sean Keenan better quality is not spending the rest of their days in debt, stress and interest to the bank.
Its not education its indoctrination and the debt stays with you forever. Want to learn read a book and watch UA-cam videos much cheaper.
tmhanker100 Not so. My sister graduated high school in 2008 and was wise enough to go to a public university in-state for free.
i love how the comments are just a bunch of old heads complaining about how much they hate milennials lmfao
Get off my lawn millennial!
@fatcatbuzz For many boomers their houses are their retirement funds. What happens when no one younger can afford to buy their giant houses? Lol
A parent should never ever cosign a loan. Ever. They want to go and play for 4 or 7 or 8 years. Great. Let them pay for it. My daughter is so mad because that her payment is $1100.00. Per month. I hope mommy and daddy are not stupid enough to cosign a student loan. These kids want it all handed to them. Dont ever put them on your car insurance policy. Ever.
Have them get a job and they pay for it.
Peter Northrup what happens if they are generous and want to help? My parents volunteered to pay off my student loans because they don’t want to see me drown financially. Because of them, I was able to save up a lot of money, move out, and buy a house. I never take them for granted and I know I owe them everything
They don't look like they have debts.
k odu it’s the illusion for social media
My college loan monthly payment is $600, my monthly income is $480......
It boggles my mind that a generation that lives on the internet is too stupid to take five minutes and google "average starting salary for X major" before they decide what they want to do for the rest of their lives.
The internet is literally a source for all and any information, so calling us millennials stupid all while saying we ''live on the internet'' is a contradiction. Looks like you are the stupid one. Also, all generations use the internet heavily, wheres your source to prove millennials use it more?
It boggles my mind:
A) That individuals from other generations are so quick to ridicule the millennials. For, it was, afterall, the prior generations that were responsible for wrecking the current economy.
B) In the era of information others (between ages of roughly 39-58) are still unable to use the internet in its most rudimentary form and for the most trivial purposes. Others such as yourself are incapable of being critical thinkers, becoming more innovative and lack class. You all fail to see the necessity and the relevance for creativity from the arts to abstract areas which stem from such topics as ontology and esotericism.
C) Older (usually conservative or/and Republicans) are unable to see the most obvious flaws of Capitalism. You (and many others) are unable to see that there is no REAL free market Capitalism in the US. Friend, I encourage you keep watching Fox news.
what if some people want to do something they actually like and make a livable amount without having to pay off debts for the next 20 years
I get what you're saying, but there can be a lot of inaccurate information even on salaries. Also the majors may not give you practical knowledge. There's also a degree inflation which many are unaware of.
tkell31 You do realize we were TEENS at that time....
4:18 "they quit their job and travel, which is amazing" OMFG yeah... in fact IT IS amazing
This is a great highlight of ACTUAL millenials. WE are working!!! And we have more jobs then our baby boomer parents!
Lindsey looks like she’s in her 40’s. Life must be tough
I am in debt because I knew what I wanted to do for a career, and needed money to get there! I have traveled for interviews, had to buy good interview clothes, had to buy an SUV that's good for the snow and gas and two years later I got the call! I am $40k in debt with car and student loans. I will be working a better paying job, living happier and working to pay that off. You don't have to drown in debt, just have to be smart and if you don't know what you want don't go to school yet!
Private university + Private Med School = 300k debt (interest accruing as I type). As long as we are able to work in the careers we worked hard to get into, we will be fine. If we hadn't been granted these loans, many of us wouldn't have been able to pursue higher education. It's literally, the price we pay for the choices we have made in life. Not all millennials are crying "poor me", while still living rent-free with mom and dad, that is an unfair generalization.
Medicine is different. You will be earning good money for a lifetime.
Med school debt complainers are so annoying. You can pay off med school debt in like 1-2 year if you're a specialist doctor.
fangiscool1 Not everyone wants go be a fancy specialist and not everyone gets into a residency program. So you have debt for a profession you aren't working in. Even if you do become a specialist, there is a thing called "life" that requires other expenses. It is unrealistic to pay off school debts in 1-2 yrs.
Don't want debt? Don't max out your credit cards and go in-state for school. Very little to no debt. Your welcome.
Millenials are so educated but don’t take any personal responsibility.
Private loans are the absolute worst, and I should know! Do not give up everyone, my family has paid off $28k in 18 months. It is possible to rectify your mistakes if you're focused and intense.
Not blaming my parents but people in general don't know what they don't know. I was pressured by my parents to go to college when I knew it wasn't what I really wanted to do. I took on 32K in student loan debt (which is relatively low) for a degree I didn't use. I graduated in 2010, started paying it off in 2016 and still have 8K left. I'm grateful to have gained the knowledge I needed pre college so I can enlighten others with my story moving forward 🏁
"Valuing experiences" just means that you're spending too much money on stupid vacations, trips, etc
It doesn't matter how much things cost. It is all about the experience. They will pay anything for an experience and rack up debt. They make decisions on what makes them feel good rather than keep economics (a.k.a. 4th grade math) in mind.
Who else does this? Children.
It is not limited to the generation being mentioned. It includes a lot of older people, too. But I can say with confidence that the density of those who spend like a congressman and expect the government or their parents will come to their rescue when they neglect 4th grade math is getting significantly greater.
I feel that there is an alarming amount of people who will prefer to pay for a AAA membership rather than learn how to change a tire, for example.
Do you see a trend there? Don't just run out and do whatever makes you feel good and suddenly you have no or manageable debt. You may also end up with $10,000 pounds or dollars or whatever in the bank, and you are much better able to handle hurdles as they come up. It doesn't matter how old you are, but the opposite trend is greater with that of the millennial generation. Who's to blame? Well, probably the parents. The generation before. The ones with whom you work who don't give a crap as they are just riding out their time until retirement.
I'm just gonna say it,
I hate my generation. I am so glad I was raised in a no free rides household, by parents who were moderately conservative, and didn't spoil me and taught me the values of hard work. People like this would not make it a day in a household like my parents
i wish government didnt make college so expensive with subsidizing student loans
This comment has nothing to do with the video
After, I complete my masters, I'm not sure what to do? Should I join the army (Active Duty) or get a Ph.D in 4-5 years? My long term goal is become a miltary historian.
"I'm a millennial and I'm obviously not lazy." I'm sure the librarian with the 200K in student loans will tell you they're also a millennial and they're obviously not stupid.
I work with millennials. Breakfast bought. Lunch bought. Dinner made by mum (of course they live at home). Leasing BMW cars, going on foreign holidays twice a year. Latest phones and laptops and of course, designer clothes. I wonder why they're poor? It's a mystery!
davidc2570a first off, there is nothing wrong with living at home if you are saving money. Second off, perhaps their parents bought their phone, laptop, and clothes. Not all millennials spend carelessly
I wish I had a side hustle or a career... never had any.... all I got is debt and shame,...
HOLLOW HILL Lol! Side-hustle, it's called another job. Stop it with the stupid "cool phrase".
Why havent you tried to get a job, or do an actual hustle, not a side job. I did real hustles as a child, it built me work ethic, taught me the value of a dollar and brought in money.
Do something about it wtf
I've watched several of these videos on student loans and the difficulty kids are having finding a job in their fields of study. Why so many fail to research the possibility of employment after graduation is beyond me.
We often think that colleges are looking to enroll the brightest most promising students but the student loan crisis proves quite definitely that they are actually preying on the dullest, least realistic students, ones looking for a dreamy education in dreamy fields of occupations.
But then isn't that what the left prefers? And aren't they the ones overwhelmingly encouraging college education? How else will our children be introduced to a leftist mindset while becoming so desperately in debt. So desperate in fact that they will vote for an otherwise disgusting candidate, just because that candidate promises student debt relief.
No one ever told anyone not to check the ROI and the math hefore taking on debts of any kind.
Old timers be like “these idiots’’
Yeah, then they say "I worked over the summer and paid for the full year of my college." That's when we tell them they are out of touch.
PrestigeWorldWild my dad paid his tuition in full while working part time during college...yeah millienals can't do that now
The side hustle is real. That's how you do it.
For that reason, instead, I went to a community college and now work as receptionist and do my own investments with 0 debt. If the student loan seemed manageable, I would already been a doctor or lawyer.
I have a friend who paid her student loans after college by renting a one bedroom apartment with two other girls. They worked until they paid off their loans.
l went to a trade school for 1 year costs aboy 30k...LVN licensed vocational nurse...l make over 50k in one year and there are a ton of jobs and opportunity to advance.
I am an older American who raised two sons who are millennials. I always ask a Millennial who say they cannot make it on one job...the first thing I ask is how much student loans and credit card debt do you have? Do you have a SmartPhone, Cable TV, expensive vehicles? Do you buy Starbucks coffee every day and eat out? Are they wants..or needs? I don't expect Millenials to hit the same milestone we did, (marriage/families/homes) it's the student loans and credit cards debt that hey have that alarms me....Look at Dave Ramsey for financial freedom....You have no idea what it wil mean to not have enough money to retire....the future is coming faster than you realize.
If this is an accurate cross section of millennials, why are so many doing poorly? Increased debt, increased depression, etc... These women sound like used car salesmen.
Gerald N many struggle with dept form student loans, since many belived (partly rightly so) that a degree was the way to go in order to get a good life. I don’t personally know any millennials in the US (lives in Sweden) but from what I’ve gathered, many student loans have very high interest rates and are hard to repay, the tuition in many schools are also higher than it used to be, making the loans even larger. I believe that many are to afraid of looking at there loans so they only pay the minimums (that will cost more in the long run, sometimes the minimum doesn’t even cover the entire interest), so that makes them even worse off.
The timeout kids have grown up now, and they are facing the realities of life now. Gen X people like me got it right!
“We’re intelligent how we spend our money”. Like for instance, this six figures of debt
I blame the parents for sending them off to college just to get rid of them. I hear it all the time. The parents should pay their debt. I have 5 children and it is my responsibility to finish raising them and pay for some or most of their college. Also why are children traveling when they still have college debt?
love how they say they enjoy experiences yet they spend the whole time looking into a machine attached to their hands. Also they think their social media portfolios document and prove how rich they are in experience when I think it is quite the opposite
Proverbs 22 : 7 "The rich rule over the poor and the borrower is servant to the lender." This is a warning to avoid debt.
I’m 25, went to school for 3 weeks when I turned 21 and got a class A commercial drivers license. I make a little over 100k a year but I also live in CA so yeah it’s not super good but I live comfortable and my job isn’t very stressful. I can do better though, everyone can
My Dad is 460,000 in student debt. He only went to Temple University in Philadelphia
How, my husband went there for 2 years and only paid 6k (he worked nights at ups which has a tuition reimbursement program. Even the 2 years was worthless he ended up becoming a philly firefighter
Lol so she spends $220,000 for a degree in Library studies and now she can’t keep up with the bills and makes it seem like it’s someone else’s fault
Some millennials do need to consider before going to university whether it’s worth it or not, not only in terms of potential debt but the quality of the education offered and future career prospects. After all, you don’t want to end up with an extremely expensive certificate. If you don’t go to university perhaps consider learning a skill or trade (which will not be replaced by AI) or experiment with a side hustle business.
I love millennials. They got it going on in virtual reality.
if you're not putting 15% of your income into retirement, you're literally throwing away millions in your lifetime
yes but dont save dollars save gold dollars depreciate in value over time thanks to inflation 100000 today will be like 60000 or so in 30 years
what if you have no debt? then you save but not dollars save gold and silver
Brock Story gold and silver has no intrinsic value. I guarantee if the market collapsed no one is going to care about having metals. They are going to want food, shelter, services, etc Money is just an idea, a way to keep track of resources of how valuable you were to society. You got a rare skill in demand you won’t need to buy metals that are arbitrarily high in value due to weak demand based on perceived value of them. When money loses value, your skills or what you have to offer the world doesn’t.
Tim Yang Having a skill doesn't give you everything you need. You have to have a medium to trade goods and services with others. Gold and silver is great for that because it's rare resource.
The system of money will never go away. It's so deeply imbedded in every human society that it's a part of our nature now.
You can put that 15% into better investments than a stupid retirement account. You're literally throwing away millions in your lifetime.
I like what the second lady had to say.interesting conversations. Very mature people.
Too bad more and more employers are basically forcing people to go get a college education for a entry-level job anyway all you have to do is look at indeed and you'll see the list of employers doing that for jobs I don't really need that level of Education
What’s on knowing what people make? It should give people reason to think “why don’t they make as much and what they have to do to get there?” Give reason to go for more and see what else they can do to get there. It’s not taboo to get an idea to know what your worth and what you can offer.
I don't say don't get higher education but I do say don't waste your time on an arts degree because getting a degree in lesbian dance theory is going to do absolutely nothing for you except putting you in financial peril but make some lunatic teacher money
David Montemayor lesbian dance theory hahahaha
Life ain't easy. Problem is easy credit and no job. Banks won't lend money to people with no jobs so why should we throw money at young people with no jobs?
Unless you're going to college to be a brain surgeon or something specialized, most jobs you should be able to learn while working there. (I know the job market isn't that simple and easy to get into)
Interesting that all the millenials interviewed are in their 20s. When millenials go all the way until 1981ish.
American taxpayers knows were the taxpayers money for education goes and the truth is that money needs to go to American children and our families education...this is not a race thing it's a needed thing.....for all Americans...
most educated generation ever. yes, but how useful is a gender studies degree?
PRIORITIES PEOPLE I have young adults with degrees in hand coming to interviews looking like crap everything pierced all the NASTY tattoos and use the word "like" every third word ridiculous
Can't fix stupid.
Went to Europe to study...Best decision I made...No debt
Late post. But, here’s my two cent. Lots of the Millenials do like to travel. But, I feel it’s an incredible over-generalization to say “they like to travel a lot overseas”. For every one person I know that does, I would say there are 10 who don’t... either they can’t afford to or just never have. This, like so many conversations, is led with the most privileged among us top of mind. For instance, I always hear about how many millenials live at home. I never hear about how many millenials’ parents live with them or are assisted financially by them. Among some communities, I think that number would be higher than one might think.
18yr. old: I can't afford to go to college.
Government: Here's $50,000
18yr. old: Ooookaaay.
15yrs. later.
Government: Where's our $50,000
33 yr. Old: Ummmmmm
that's basically it
We need competitive currencies to compete with USD and do away with centralized private banks
Uhhh so how are they different (financial-wise) from Gen-X except that Millennials cry poor house when they have all of these "side hustles" for income Gen-X didn't have and that their parents let them sponge off of them like little babies well into adulthood while blowing their money on iphones, leased BMWs, etc. They need to grow up and stop complaining.
you sound like a very bitter 65 yo. hahaha *youth*
Not old and have nothing to be bitter about. Ashley ASHLEM who commented below is 21 years old and essentially sees it the same way. So is that all you got "Lowkey?" Oh, yeah everyone, so as you can see, some of them aren't very bright either.
I seriously don't get why americans won't talk to their co-workers about their salaries. At my side hustle here in Sweden it's something we go over in about 2 minutes over lunch. Do you risk losing your job or something, or am I just misunderstanding the situation? genuinly curious!
@Carl Mannhard - In the U.S. we don't talk about salaries with co-workers because it's heavily frowned upon. It's not an official policy, but it's more like something that is understood. When it's discussed, it's with a very few trusted co-worker who is also a friend and done secretively. If one finds out the other is getting paid more and decides to complain to management, things can get very ugly. I can count on ONE finger the number of times I discussed salary with a co-worker.
My parents told me to go to college.
They also told me Santa Claus was real.
Why don’t you make personal finance your main hustle? Then you won’t need a side hustle
But you didn't walk to school 6 miles uphill both ways LMAO
smartest generation but failed basic economics and living at home
r/hmmmmm
I was 250k in debt but that all zeroed out by seeking out a down low married man I met. My sugar daddy was very wealthy and his wife never even realized that he paid off that type of money in a short period of time. Their are so many married men who really want us male sugar babies that they are willing to spend 💰🏧💳💵💸💲✈🚡🍸🍷🍻💎💍 what ever it takes to be with us. College guys no need to fear because married men sugar daddies are here.
I have no debt and no mortgage. I'm not about to learn finances from millennials.
Did your school teach you how to make $0.01?
how come these people aren't going to community college for the first 2 years of college?
how to get zero student loan debt: commute to an instate school and work to pay your tuition
I think most of my generation are idiots. Most are broke yet they still spend on luxuries. I'm wealthy for a 21 year old because I've been working for a decade now, most 21 year olds didn't start working until they were 18+ and I know some Americans my age who have never worked before, which I think is insane for a 21 year old. When my grandmother was 21 she quit working in order to raise a family. Theres no need to be debt ever. Ive never been in debt, I've just worked hard my whole life and when your young you have to hustle and you start the hustle as a child not an adult, thats too late to start. You need to build your job knowledge long before you finish high school.
well when gov makes college so expensive kinda hard
I didn't get my first job until I was 21, but it is in my career field. I'm now the lead person in my position in my department. My mother worked extremely hard to make sure that I could receive a college education without having to go into a crippling amount of debt. I went to a junior college for two years (for free thanks to a grant I earned), got an Associates and am now going to earn my Bachelors in the Spring. I can commend you on working extremely hard to get to where you are, but your hustle isn't for everyone. Everyone moves at their own pace.
Ashley ASHLEYM Most people's childhood did not have well educated or wise parents to guide them in the right direction. Behavior is learned by example most didn't have good financial examples to build from. Most people think or thought you needed a degree to live well but truth is all you need is a good idea, good communication skills, hard work, perseverance, patience and a tiny bit of luck to "make it happen"
well college would be good if it was worth the cost but government makes it to expensive and they also make private school to expensive because they have a monopoly on education for middle and poor class so we need to end public schools let the private sector teach our generations they have more of an incentive to teach well
You’re wealthy at 21? Kid I think you have wealth and having a bit of money stashed confused. You also have an overly simplified view of the world. One has to wonder if you really have our head on straight. Not saying you don’t, but you’re talking a bunch of privileged bs.
We are the most educated generation that's a good one sweetie!!!
It was funny, I was watching this thinking "Oh look, something new!" Then I was like, oh look there is Charlie Rose, nope not new.
Lol these people. I’m a millennial and I’ve been saving and investing my funds. I’ve limited my trips and clothing till after I’ve built up my net worth. If you still have money to travel and buy designer outfits you aren’t trying hard enough to save or get out of debt. At the rate their going they’ll be in debt till old age
Jason Lopez they don’t care about their debt. any of the believe that once they die, the taxpayers will take care of it for them
Student debt to become a librarian? Wtf! That's the most boring job in the world!
I just came here for the comments...
a004 same!
The greed in the video! wow
Learn a skill or a trade thats the way to go...these days
Interesting