Not bragging here. I was at one time a millionaire.... And at one time I was broke. Currently... I’m broke. That’s the nature of being self employed. I find it stressful BUT a valuable and normal part of growing and running my business. As much as i want to give up I pray and find more strength to keep going. Beans, rice, and ramen are as good now as they were when I was in my 20s.
The problem I see with the millenials is they EXPECT to be rewarded for no reason. They see someone like Zuckerberg make BILLIONS. They see all the silicon valley millionaires and expect their helicopter mommy will help them find their high paying million dollar a year job for doing nothing but ‘tweeting’ fashion tips.
My God. If I knew how hard it was to start, grow, and keep a business in the Obamaconomy, I’d quit and work at McDonald’s. In this economy I’d actually be able to retire comfortably with a McDonald’s pension.
Good luck with your business! I’ve been broke, too. Doing better now and so will you!
By far the biggest factor I see is that (starting with the generation that were children during WW2) idiot parents began sheltering their little couch potatoes from holding down jobs until after college, or at least after high school. They had a disputed (and now thoroughly disproven) notion that their non productive little darlings would somehow developed a work ethic after being idle until they were eighteen or twenty two.
That was as brilliant as starting their children on foreign languages to make them a linguist when they are eighteen or twenty two. Sure, some succede... in spite of the stupidity of the course taken.
Generations have now seen little else. And the folks who are most appalled at the sense of entitlement the most recent generations exhibit actively brought it about.
I worked for a moving company loading furniture when I was fourteen. The generations of parents immediately after mine made that illegal.
I gave up on trying to get the first.