/biz/ - Business & Finance

>>53053107
The difference is Baby Boomers and maybe Gen X already have a paid off house, Gen Z doesn't and will have to be able to afford a mortgage in addition to other expenses. Then for the savings Baby Boomers are closer to retirement so need to have more stashed away already. I'd love to see the survey they issued.

>>53053107
millenials and zoomers just consume product continuously, can barely even make their own meals

>>53053107
damn my fellow zoomies are retarded

>>53053107
kek zoom zooms are the dumbest generation to date

>>53053396
Because everything costs like fucking hell and it's only getting worse. Inflation through the bajoo.

Savings is also basically pointless since you're actively losing money. It's wiser to use it on stuff that will serve you later, such as investing.

>>53053502
>Savings is also basically pointless since you're actively losing money. It's wiser to use it on stuff that will serve you later, such as investing.
>implying this is the reasoning of zoomers for not having a realistic view of savings and not that they most zoomers are dumb adhd faggots

Yolo

>>53053107
>unrealistic expectations when it comes to finances?
Mr Beast.

>>53053502
>investments aren't savings
Zoomer detected.

Inflation?

>>53053107
>unrealistic expectations
The question is about a minimal want, not an expectation what they'll get

>>53053107
how is that unrealistic? a lot of people make that kind of income.

total zoomer death is the only answer

>>53053107
bro a decent boomer job back in the day, inflation adjusted, was paying out well over 100 gs
these are not even remotely unrealistic expectations when considering purchasing power
inflation is """"2%""""" but housing, rent, food, etc continuously go up by 5-10% yoy every single year since the late 80s
its jews all the way down

>>53053502
Where did this meme that inflation outpaces savings come from? It's completely retarded and is used to excuse poor financial planning.
>It's wiser to use it on stuff that will serve you later, such as investing.
You shouldn't even realistically start investing until you have a good amount of money saved up, Warren Buffett tells people to rush to 100k for this reason.

>>53053862
>Where did this meme that inflation outpaces savings come from?
idk basic fucking logic
>savings income rate: 0-fraction of a percent
>inflation: """"2%"""" but more realistically stuff like rent and housing go up by 5-10% every year

mattress stuffing, or even holding in a savings account, is literally losing you between 2 and 10 percent per year
you fucking mongoloid nigger monkey

>>53053862
>savings interest 3%
>inflation 6%

>>53053880
>>53053906
This is assuming that you literally aren't earning any more money, in which case you have bigger problems, also that vast majority of people do not take advantage of 401ks and Roth IRAs

>>53053396
>*sips*
Yup

>>53053906
>stock market down 40%
>shitcoins down 80%
wew

>>53053107
Younger people need less savings than older people is surprising?

>>53054030
no you fucking monkey losing money is losing money
having a stash of a few grand for emergencies is one thing, keeping 10k++ in a no yield savings account is brain damaged

>>53054068
>no you fucking monkey losing money is losing money
You can still out save inflation if you aren't retarded. Inflation has always existed, why are dumbass millennials and zoomers the only people that think it's some fucking end-all be-all? Some times the economy is good, sometimes it's bad, you work with that you have in front of you and throwing your hands up and going "hurr durr inflation exists so I'm gonna spend all my money on delivery pizza and netflix because nothing matters!"
>keeping 10k++ in a no yield savings account is brain damaged
So don't do it? Nobody is forcing you to use your local credit union's shitty savings account.

>>53054122
Hey faggy boy give me 10 minutes to make a chart to show you how insidious inflation is.

>>53053107
$170k income is literally nothing.

>>53054122
>keeps coping
How do you realistically outpace 10-14% yoy dollar inflation without investing?, and this is not accounting for house/utilities/gas/food inflation/crisis scams you fucking retard.

>>53054153
Please do show me this mythical never-ending upwards trend of inflation as if the economy doesn't also go through good periods where prices and rates are down.

>>53054190
I mean I seem to make do, when the economy is bad I usually eat out /travel less than usual to save more money, I make sure I'm getting my full 401k match every year, keep my savings in accounts with good interest rates. I have investments as well but I acquired those after saving a lot of money up, now I probably make more money from just investments in a month than you make at your full time Taco Bell job.

Because of hustle culture peddled by influencers.
I know dudes who are literally convinced they will be multi millionaires out of college with multiple businesses in operation.

Its kind of like the silicon valley craze in the 2000s to about 2015 with millennials - you had all these people dropping out of college to start the next big thing and then reality hits.

It's unfortunate, but the vast majority of people are going to be working some shitty 9-5 job and never earn more than 120k. As soon as outsourcing becomes less regulated the tech industry is also fucked. Only people who are going to be making good money in the near future are those in Medicine or some Law/Business discipline from Ivy League.

>>53054195
Even after 5 years, you lose almost 10% of your savings at 2% inflation. At 10%, you lose 40%. This is nothing to scoff at.

this thread is cap don’t at me

>>53053147
>The difference is Baby Boomers and maybe Gen X already have a paid off house,
They don't.

>>53053815
>>53053107
the clownclusion to 60 years of "everyone is special and yet completely equal"

Zoomers are fucktards who didn't even exist when Quake 1 and Ghost in the Shell was out

>>53054508
but zoomers exist and both of those are out

>>53053107
>Inflation skyhigh
>zoomer expectations reflect that
huh, zoomies are more and more based every year

>>53053815
A lot of people make that income != you are going to make that income. Especially just for existing. I was going to say just for showing up but you faggots won’t even do that much.

>>53054185
Post paystub

>>53053107
>Why o zoomers unrealistic expectations?

Is it realistic to believe that what was once far beyond the normal span of life is nowfit for "Retirement Age" and finally going to be able to go and fulfill one's Dre-ACK\


Probably why the zoomers want it now because they see all these old people and they are unhappily working until they are 60+

>>53054195
give me a you faggot cmon plz

>>53054318
Was this the shirt that anon was gonna sell from his store? I wanted to buy to be a Fren but then got scared of doxxing fags and pussied out

>>53053107
gen z seem to be pretty smart here. they know money isnt worth shit anymore and need 2.5x what boomers think they need, they also dont care about saving because the current money system will probably die in their lifetime

>>53053107
I kinda feel bad for my high-school classmates because they graduated university in March of 2020. I fell for the trades meme that was heavily pushed by my high-school and became a journeyman electrician the same time they graduated. Now I don't see them posting as much on Instagram about how great life is lmao. I check their LinkedIn and they all have entry level jobs with the recession coming in fast in my city

>>53053107
zoomers should be wiped out of earth and only their womans should remain to be a literal fuck toys (until they reach age of 26, after that we can kill them too)
When it's all done we can populate earth with new generation, this time more reasonable

>>53058239
You can barely do a push up and your talking as if your genes are worth anything.