Gens Y and Z buying lots of luxury stuff

The Watertown Daily Times ^ | October 29, 2017 | Elizabeth Paton, The New York Times

[ThinkingBuddha]

It’s almost like the schools and parents have stopped teaching the fable of “The Grasshopper and the Ant”.

They still teach it on college campuses, with a modern twist. When winter comes, and the grass hopper is hungry, he goes to the government and complain that the ants have more than their fair share. The government, then redistributes the grain the ants have worked hard for.

[minnesota_bound]

Just buying 1 iPhone would cause Generation Z to look like they were buying lots of luxury goods.....

[Sequoyah101]

Money comes in a lot harder than it goes out. I’d like to be able to spend it at least no faster than I earned it.

[BJ1]

>>>Isn’t it funny we hear little about Gen X?

They spent their whole lives in shadow of the Boomers.

It’s like they don’t even exist.<<<

The boomers did a number on Gen X. The boomers had the WW2 gen/silent gen as parents. Then the boomers decide they know better how to do damn near everything. They mostly raised their own children different from how they were raised and screwed it up good. They also rejected traditional values in regards to marriage/divorce. And they disturbed the natural roles between men and women, without adequately explaining to their kids what they did and how that will affect them.

Can you tell I have boomer parents? LOL.