/biz/ - Business & Finance

>>1492695
Why are millenials so bad with money?

I was telling my nephew about how I was having trouble making ends meet so I might have to cut down on the extravagent trips to whole foods and keep the air conditioning a bit higher and he completely starts sputtering on and says he will be back. He gave me $1000 as a gift and then got indignant when I proceeded to use his gift to get a new TV and shop for my boys.

Me and his mother (my sister) are also shocked he has 10,000 just sitting in a checking account. Doesn't he have any long term savings goals or have anything he wants to do for fun?