/biz/ - Business & Finance

>>54325019
Bad parents, no attention span, no discipline, raised to be consumer golems, and they are dumb as rocks

Taxpayers will bail them out anyway.

>>54325050
No
They're going to pull the rug out as soon as boomers die off. Debt slavery will make a comeback and nearly all u.s. citizens will be caught in the trap.

>>54325019
It's time for a debt jubilee

zoomer here
whats the problem if we meet our payments?
isnt debt good for the economy?

>>54325019
Saw a post recently that they also save at a higher rate than other generations.
Maybe they are going hard on bankruptable debt and stacking gold and monero. Truly based and clownpilled

>>54325115
>isnt debt good for the economy?
good goy keep consooming

>>54325115
It's good for oligarchs

>>54325115
Keep consuming and making your monthly payments.

>>54325019

>>54325089
God I fucking hope so,
>T. bad credit chad who can't go into debt.

>>54325019
tik-tok generation

>>54325019
They aren't, well they are. They just view it all as fake and gay.

You gotta realize, zoomers were kids during the great recession and teens during COVID. They just see it all as fake and gay and would rather spend the monopoly money on hair care products, fashion, nigger attire, and makeup.

Sort of like millennials all believe that they'll never see social security, gen z believes they'll never see savings be worth anything.

>>54325019
>Give out free money
>OY VEY WHAT THE FUCK GOYIM?

I'm going to max out my credit on shitcoins and I will wait until the moon

What the fuck Moshe gonna do about it?

>>54325019
based zoomers know shit is about to collapse so they pull out free money from the system in the form of debt that will be either cancelled or inflated away

>>54325019
credit cards are godsent treasures. millenials never learned to use them, now wonder the are the poorest generation ever

https://www.youtube.com/shorts/b57-nLPsaao

>>54325019
Probably because the price to live has been increasing ahead of wages since 1971 and they are using credit card debt to stay afloat.

Pretty based. Just don't pay it back and fuck off out the country honestly. Thank god I don't live in america

>>54325019
you cant escape it unfortunately, post covid the world got expensive,
>car insurance
>electricity
>Internet
>gas
>food
>medical bills
on top of that, going to college for some degree that'll be useless anyway, STEM became diluted, and can be replaced by AI. the world is an awful place now, the majority is trying to hit the influencer lottery, or give up and make an onlyfans.

>>54325019
>image of a tweet mentioning an unnamed article from a secondary source citing research figures
>1 pbtid
k

>>54325255
zoomers are likely to get 1-2% real returns on investments so why would they bother saving anything. Savings are not real in a world where everyone is doing it.

>>54325019
>I maxed out my credit card on phone gotcha games
>gotta stay competitive with my bros fr fr
>t. Zoomer

They're not irresponsible, they just don't give a fuck because it's all fake money.

>>54325278
>inflated away
>24% APY

They do it to survive.

My ex used to live with me in my house, but after the breakup she had to move back in with her parents. Makes $18 an hour but can't find a place within commuting distance less than $1800 a month and any house worth buying is 400K+ so she's just fucked and zoomers are in the same boat. If I get laid off I am fucked after a year.

>>54326043
Those are rookie numbers. We're about to hit double that and more.

>>54325050
>bailing out the goyim
>ever

>>54325089
Please for the love of god bring back debtors prisons

>>54325115
Yes everything's fine

>>54325019
>take out $900,000 in debt from a bank
>buy assets
>western civilization collapses
>debt gone
>still have assets

>>54325115
Based economy stimulator

>>54326650
Dickens isn't the past, no it is your dystopian future!

>>54326826
Consumers should be forced in to chains and collars

>>54325049
/thread

>>54325019
I was in the dating market from 1996 to 2004. I assure you that more than 90% of kids today are descended from guys with IQ below 80. If you had a triple-digit IQ and a functioning frontal lobe you were an incel back then.

>>54325019
gen z is all commies anyways. they will evenetually revolt against their wallstreet masters while cucked millenials do nothing

Most are permanently priced out of the housing market and live at home so they have no need for good credit. They also have no assets so creditors won't be able to recover if they default. based zoomers

>>54325019
>everything costs more than it did in the past
>credit card debt rises faster as a result
>LOL WHY IS GEN Z...
It's all so tiring.

>>54325019
How is that financially irresponsible? The system is collapsing, it's literally the biggest brain thing to rack up as much debt as you can because you'll never have to pay it back, it's smart as fuck.

Imagine being a jew today and just feasting on all of this debt and running so many goy lives

>>54327270
>I assure you that more than 90% of kids today are descended from guys with IQ below 80. If you had a triple-digit IQ and a functioning frontal lobe you were an incel back then.
This is even more true now than it was today.
At least back then girls were mostly into athletic white guys.
Now they actively seek out niggers to reproduce with. Kek. Gen A is going to be even dumber.

The fuck? This thread got deleted and you instantly repost it

>>54327537
Yeah I'm sure that's why they are all racking up debt. It's all a 1000 IQ big brained zoomer play. All the broccoli heads listening to Lil Nigger's latest track have outsmarted the system and aren't just brainwashed hyper consumers.
You can really tell who is a zoomer itt lol

>>54327587
Oh no apparently it wasn't deleted, you just decided to post the same twitter screencap again

>>54325019
Good for them. Break the system a la the boomer way.

>>54327597
>broccoli heads
KEK

>>54325019
that's just because everything is more expensive now

>>54325429
Damn is that moot's great grandpa?

>>54325439
2% real is fantastic if that's the only game in town that puts you miles ahead of every chump who refuses

>>54327537
Debt never gets absolved because the lender goes under.

>>54327597
Yeah you can tell, the zoomers are smart enough to game the system and understand when fellow zoomers are doing the same. Newsflash grandpa, when hyperinflation hits it doesn't matter if they owe 500k in credit card debt because a loaf of bread will cost 1m. The best thing you can do right now is get into as much debt as possible and invest everything into something that will actually hold its value

>>54325019
Because they’re in their early-mid 20’s? What kind of stupid ass question is that?

>>54327455
>revolt
zoomers are all fat, gay, depressed, drugged out of their minds, can't get laid, and get their personalities from Netflix and Tiktok. They aren't going to do shit.

>>54327785
This.

Millenials already tried this with Occupy Wallstreet and absolutely nothing happened, in fact shit got even worse. What advantage or chance do mentally ill, turbovirgn Zoomers have over Millenials at accomplishing anything more successful? Absolutely none.

>>54325128
I wish, all my 1oz gold eagles and my hardware wallet got lost in a boating accident

>>54325019
>>54325115
>>54325255
>>54327752
>>54325019
Can someone explain to me the zoomer obsession with Chime and similar payment apps? My exgf and all my zoomer coworkers use this app called Chime and then they get their direct deposit from work two days earlier than normal. I think Chime takes like $1 for this service or something. I don't know how it works technically. But why do zoomers all use these apps? Why can't they just wait two more days until they'd normally get paid?

zoomers are dumb as hell

>>54327992
>Vanity Fair
>New Yorker

this is definitely an older millenial like late 30s/40s. No way zoomers are paying to have magazines delivered in the mail

They know its all a farce

>>54328030
>thinks is a physical copy
Zoomers can't into ad block and pay to view

>take out a shit ton of debt in your 20s while making payments
>get to live your healthiest years to their fullest
>good credit score
>can slave away while life is gonna suck anyway
>or just off yourself
If I wasn't such a pussy I'd have done the same. Trading shitcoins in my mother's basement made me a lot of money, but the opportunity cost of losing access to high value pussy was not worth it. All the millenials I know who partied their youths away were financially secure by their 40s anyway (paid off houses etc.) as long as they got a career and didn't rot in dead end jobs for 20 years.

>>54325019
Because they're still buying SHIB knowing that they can easily slurp KOY since even SHIB is burning their own shit on Koyo Finance
They think they're "woke", but not "financially woke"

Tend to learn it from irresponsible parents. I see way too many people repeat the same mistakes as their parents. Not really a zoomer thing it's just that they get paid less proportionate to their work than previous generations while costs rise disproportionately. And every problem you see them have some boomer has too. For every funko pop there's someone's grandma with 40 frog figurines. For people paying scalper prices for fucking high brand shoes, mom's got 20 pairs. For retarded car fixtures some boomer pays top dollar for retarded paint, rim and seat jobs. For every Onlyfans subscription someone's grandpa has a box of playboys and dad has some sub to some weird porn site he never learned how to cancel.

>>54325358
Zoomer foids are rich statistically because of the Stacies with OnlyFans making a million a month off cucks pushing up the numbers, zoomer men are all poor as fuck.

>>54328532
>Tend to learn it from irresponsible parents.
yeh it always makes me laugh when those who raised the generation complain about the generation. It is their failure really.

>>54325019
I'm never paying back my credit card debt.

>>54327992
I only recognise netflix and amazon. Never used them either tho

>>54325089
We're already in debt slavery though...

>>54327455
>.
Trannies and racial marxists, not communists

>>54327992
Supposedly this is from some commercial.
That said, I'm not sure how much do american zoomers know about pirating.

>>54325019
Gotta spent money to make money.
Especially when that money is under more than 10% inflation and fake to begin with.
How else would they spent money? They won’t be able to convert all the Flatscreen TVs and RV campers, on which their boomer parents blew their generational savings.

>>54327537
Credit card debt is adjustable rate moron

>>54327537
Yeah because the jews are totally gonna go
>no goyim it's fine you don't need to pay, we don't need any more of your money

>>54329966
>can't afford any assets so nothing to seize
>basement neet, no wages to garnish
>no such thing as debtors prison
>if you do want to engage with society at some point can just declare bankruptcy
I don't see any downside to spending a couple years building up a decent credit line, maxing that shit out and then never paying

>>54325019
Zillenial here, (not american tho)
As far as non essentials go I only consume 4chan, youtube, jerk off and read ebooks, all for free.
And even electronics I use are old (old PC that I no longer use is 5 to 10 years old depending on a part, phone is about 8 years old).
It's cheap if you have simple desires.

>>54325049
nah there's just no future so might as well just have fun now and be homeless later

>>54327950
Normies need cash immediately since they have none in their accounts. So the longer they go without deposits the more they panic. Just look at how many credit card and banks offer overdraft protection. You shoudlnt even ever need something like that but they all do. So theyre obsessed with needing pay immediately.

>>54327950
chime also allows you to overdraw without paying fees, they just take it out of your next paycheck.
i.e. an extremely small free payday loan
>t. mid thirty year old coworker has it
what's worse is she buys garbage nonessentials with it

>>54325019
>BOOM ZOOM COOM BOOMER ZOOMER COOMER DOOMER BOOMER COOMER ZOOMER ZOOM ZOOM BOOM BOOM COOMER ZOOMER BOOM BOOMER BOOM ZOOM ZOOM COOM COOM DOOM DOOM ZOOM COOMER COOM COOM ZOOMER ZOOMER BOOMER BOOM BOOM DOOM DOOM COOM BOOM BOOM ZOOM.

SHUT THE FUCK UP!

>>54325019
Should i get a credit card. Currently debt free

t. 21 yo zoomer tradie

>>54325019
Zoomers are not people and i'm tired pretending they are

>>54333525
You need to build credit somehow

>>54325019
Because they never knew a time before the clown world money printing of post 2008 so the whole concept of money doesn't make any sense to them. The whole system is based on endless debt and the idea of living within one's means sounds ridiculous. Nobody does that.

>>54333588
This is the answer

>>54333588
Also there’s no civilization for us in the future so who cares

>>54333525
credit cards are good if you pay them off in full every month. Go for cash back. You should be at least getting 2-3% back on everything you buy. Plus you can get a sign up bonus for a couple hundred bucks. i hate to recommend it but reddit creditcards page is actually an okay resource to get you started. do this now and start building credit, theres no reason you can get approved for one tonight.

>>54325358
What is this chart?

>>54325019
They're debtMAXXING

>>54325089
I think youre close but your not seeing the bigger picture. The people who are financially responsible are also getting rug pulled. Damned if you do damned if you dont, at the end of the day people just live life and say fuck the consequences.

>>54327582
>Gen A is going to be even dumber.
You are assuming Gen A will be home grown. You have to look at Indias youth if you wanna see the future minds of America.

>>54325115
Zoomer moment

>>54325019
>oy vey!
>not muh heckin debt! How will they pay it back!?
Just, lmao. Zoomers are fucking based if they don't pay back debtors. Boomers already fucked this country and it's not like the debt is ever going to get paid off.

>>54327270
Bro my dad is an 80 iq Irish meth head and my mom is 90 iq mexican slut with 3 different baby dads. I don't know how it happened, but i was an AP student, graduated with a 4.0, saw where degrees were going so i learned a trade. I own a contracting busness where i esnlave retards and i make six figures in profit every year. I dont know why im not an 85 iq spick-mick, my guess is no friends and 90s vidya was based on solving puzzles, even in the 90s fps were based on it. My parents bought me a ps1 and kept me in my room my childhood while they did drugs and fucked people who weren't each other. Why am I not retarded ? I even spent my teen years doing drugs and after 21 I just lost interest but I know people living like their still teenagers skating around looking for their next first.

>>54327582
>This is even more true now than it was today
Agreed.

>>54329385
Not much. Zoomers can't pirate since they only know how to use simple phone apps. I'm sure we've all heard about how zoomer CS students didn't know how to use file systems on a PC. It's the result of growing up with retard-proof mobile UI. Although they always cope and say "I-I just don't want a virus!"

>>54327537
Retarded goyim. You're an American. I can tell.

>>54326080
where the fuck do you live bro? Cali? NY?

>>54325115
we are so fucked

>I am forgotten

DESU in this day and age and in this economy if i had the balls and didn't care like zoomers i would too be maxing out credit cards. They know from birth that shit is fucked and about to go down so why not have a blast while doing it.
Older gens are "trying to make it".
There is no place to make it anymore in the western world.

In the end it's the most logical thing to do.

>t. Millennial trying to make it.

>>54335451
I can still make it since I have modest goals.

>>54335472
explain

>>54335488
not him but "making it" to most of these tards means being some work free millionaire. To some people like me, I just want to make just enough to not have to work so i can play vidya. dont even care if i need to live in a shitty little house, i just dont want to work.

>>54335488
I don't want to get married. I don't want to start a family. I don't want a big house. I don't want an expensive car or millions of dollars. I'm even fine with not reaching the NEET dream.
All I want is a comfortable space and enough money to support my hobbies in peace. If I can reach my goal of $75k a year, I'll be happy, the only thing holding me back is the rising cost of rent and housing in my area of Florida.

>>54335531
thats exactly what i was getting at >>54335519
here lol, best of luck to you bro. just want a space for me and time to do my hobbies and have fun.

>>54335519
>>54335531
For me is the landlord life. Best life ever. I'm currently managing one of my property and i can't tell you how fucking great it feels . I want like 20 apartments and a house near the city to live with my wife(not married) and kid .
I would do all kinds of fun things and just collect payments for my investments.

I will also secure the wellbeing of my future generations.

>>54335585
thats literally what im about to do, gonna start buying multifamilies and trying to live the landchad life. dont need to manage 100 props, just enough to keep me comfy. godspeed anon.

>>54335613
Godspeed to you too random internet person.

>>54335585
I went to high school with this girl and live in her hometown.

>>54335685
she looks high mileage to me brah ngl

>>54335696
She definitely is. There's some shitty porn of her too if you search bridale22.

>>54325019
Pic

>>54325019
>Why are zoomers so financially irresponsible?
they literally believe uncle Biden will pay their "student debt"

>>54335725
God bless you anon.

I'll have my wife blow me while i'm watching it.

>>54327992
So that’s how much money I’m saving by only having Xbox live w/ gamepass…. Interesting. And I’m sure that 16 dollar cost keeps just as, or significantly more entertained.

>>54335842
No problem, first time I've ever recognized someone on this site. She was one of the biggest sluts from my HS.

>cost of living higher than income
>wtf why are they spending money they don't have!

>>54325019
Demographic change means lower IQ and governments deliberately don't promote the teaching of financial matters in the education system. Slavery was never abolished, it was nationalised.

>>54325115
bait comment. can't be real

>>54326405
Who do you think does the bailing out you uneducated retard?
>Throw unlimited loans at literal retards and niggers.
>Hoover up the profits and offshore them.
>Financial system becomes insolvent.
>Pay up wagie, your irresponsible behaviour has led to another crash!
Honestly the West deserves to collapse.

>>54331723
>>54332961
I didn't know about the overdraft thing, but that makes sense. Zoomers seem to really love spending money, and in that way to me they are more like boomers than millenials are. Yet, they are still young and so a lot of them aren't making good money. It's still weird to me though, even zoomers I know who live with parents and don't pay bills use chime to get their money early.

>>54327950
They also offered like $100 per sign up with referral code. So everyone at my work place started sharing the referral code and getting people to sign up as both parties then get $100 upon signing up for direct deposit.

>>54325019
Why are boomers... You gave us the debt and taxes and unafordable everything.

>>54333525
Yes, but make sure you pay the balance off before you accrue interest. For example, I have all my bills auto pay on my card and I just pay it off every month. You can even get a secured credit card by fronting some money if nobody will let you open a card.

>>54337175
>he thinks bailouts occur for individuals with petty debt
Only occurs for large-scale institutional lending. Either admit that you also benefit from this lending or that firms are the problem bro it'll be better for your thinking.

>>54325019
I realize this is bait, but real answer - I don't think they are more so than the boomers I know personally, each generation is retarded in its own way. Where zoomers have their own impulsivity, vices, and spending issues, the boomers went out and financed a new car or a boat or an RV every 3 years because "I work hard and deserve it"
The difference is that we now have the internet to document and share all their stupidity. Other generations didn't.
Secondly, the system requires ever increasing money/debt creation to keep growing, so of course every generation will rack it up 'faster' than the one before. This is just a truism.
>t. Millennial

>>54339279
Gen Z also naturally makes the lowest average wage/salary and so likely is getting eaten alive by inflation, thus needing to finance a greater portion of their expected standard of living.

>>54327950
>>54332961
>>54337196
I've never heard of this app until this thread, so I'm assuming it's some scam and will avoid it

>>54325019
Nihilism

>>54339898
there's plenty of other apps like it. I don't think it's a scam, but it's one of those things where all of your financial data goes through this app, so even if it's free, this app is then able to sell your data to advertisers etc so that they can then give you a more targeted focus in the hopes you spend more of your money. Basically yeah probably a scam in the grand sense but not an actual scam scam

>>54339279
Exactly.
There is a good case to be made that Boomers spent equally as lavishly on stupid shit back in the 70s-80s, but there is no data obviously.

>>54328030
I'm more shocked that people are actually willing to paly $12.49 a month for the New Yorker

>>54328713
We're still in the corralling stage, but the pin is about to be closed very soon. It's going to be like the Boondocks episode where people will sign a contract to slavery to forgive their past debts in the old system.

zoomers just dont' care and spend because they are on "fuck it" mode. things are gonna give in soon, zoomers know it

>>54330857
You are so wrong.
This is gigacope for a bad decision.

>>54333525
I've had one for years, but I only use it in emergencies such as the great emergency of having too much cash in my savings account and not enough in my use account because I don't want to deal with the risk of a fraudulent transaction rugging all my cash. I'm rarely if ever actually *broke*. If you are you might not want one, but instead focus on going to soup kitchens for the poor. If you're so poor you can't afford to buy food without credit you're poor enough to look for free tasteless food.

>>54340215
What really happens is they rack up debt and in 10 years regret it heavily as the economy has greatly recovered and they're still poor and in debt and couldn't even invest low.

>>54340018
>I'm more shocked that people are actually willing to paly $12.49 a month for the New Yorker

same, I subscribed a decade ago when I was in college but I think was only $5 or $6 per month, if that. Affordable magazine and it was usually high quality with great informative journalism, interesting short stories, some funny cartoons and commentary. I stopped reading them during the 2016 election when they leaned in to being hysteric liberals. I mean, I should have seen it coming, but it would've been great to see them at least entertain some of the intellectual goings on of the new right

>>54326043
I feel pretty smug about all of the credit cards I took out in mid 2022 with 18 and 24 month 0% intro APR

>>54325019
They're not, they just know they're NGMI, so why not live a little?

>>54325019
Why do you think that people don't deserve to have nice things?

Oh yeah dude. My girlfriends awful with credit cards, horrible with them. I have to take away her credit card periodically, she racks up so much debt it’s unreal and has no concept of how much money she can actually spend vs pay down her card with.

I’m not great with credit myself, but she literally started the bawling the other day because she wanted to pay off the 6% APR car loan with her 39% APR card after she got tax refunds the other day and I told her that was stupid lmao

>>54341580
>giving credit cards to goys
A perfect money making scheme.

>>54327950
>Can someone explain to me the zoomer obsession with Chime and similar payment apps?

One of the reasons for the obsession could be the rewards they get from this payment platforms aside from that some of this payment platforms offers them access to buy crypto.

>>54325019
They are literally an entire generation of retarded gay niggers. What did you expect.

>>54341818
>could be the rewards they get from this payment platforms

I wonder what form the rewards are in cause that's not enough reason to rack up debts.
>>54341841
As much as you want to chastise them don't forget our genration raised those gay niggers.

>>54325019
>>54325049
>>54325050
>>54325089
>>54325093
>>54325115
>>54325128
>>54325134
>>54325143
>>54325152
>>54325154
>>54325191
>>54325218
>>54325255
>>54325271
>>54325271
>>54325278
>>54325358
>>54325422
>>54325429
>>54325438
>>54325439
>>54325499
>>54325825
>>54326043
>>54326080
>>54326229
>>54326405
>>54326650
And everyone else in this thread you dumb niggers.

>>54341892
>I wonder what form the rewards are in cause that's not enough reason to rack up debts.

That's up to them but i do know cards like the CryptMi card offer cashback on every purchase you make via the app.

>>54325019
Sounds smart to me, doesn't matter how much debt you have in a failed financial system.

>>54325019
With inflation the money they owe will be pocket change soon