Burned-out millennials are quitting lucrative jobs

nypost ^ | Doree Lewak

[Lou L]

People can’t afford to save money for retirement. Especially when married. One spouse may want to but the other basically makes the decision by spending all the money as rapidly as possible

You can always make excuses for not doing something, and people do this a lot when it comes to their retirement savings. In this case, you're blaming the married spouse--was that a discussion that you had before you married them?

p.s. If you fund a 401(k) plan, the money comes right out of your paycheck, before that evil, thieving spouse can get their grubby hands on it.

[the_individual2014]

Agree with you 100%,

I know there are freepers who are not fans of my Generation, which is understandable, but just because they burn out does not mean they are weak, it just that they have burned out for they are human and all humans have a limit and are all different, I know so. I just recently got out of Afghanistan being attached to a com unit as a civilian being there for 2 years and between the BS, environment, politics and some drama I was already burned out before my first year but kept pushing for a while longer and it was time for me to go, we are all human man.

[Lou L]

Looking at it from an investment standpoint. Her being so young she could work her tail off and sock away a lot for retirement. With compounding interest over the decades it will grow to a tidy sum. She could still take off a year or more with her current enjoyable lifestyle or go permanent with it while her retirement investments grow plus staying out of debt. Just my opinion.

If, with every PR "gig" she's setting aside $10-15k and investing it in a retirement account then yes, she'll do fine when it comes to retirement.

I am skeptical though, and believe the thinking is more like, "I'm not going to worry about retirement because that's for OLD people, and the system is corrupt, and I could lose all my money in the stock market and besides...I want experiences not assets!"

And rather than saving money, she's jetting off to Bali and hiking in the Himalayas, in order to get Instagram-worthy photos of her "experiences."

[Pining_4_TX]

They don’t think that far ahead. They think they will be young, single, healthy, and independent forever. This is the generation that never had to do anything for themselves until they got out of college, and they can’t handle responsibility.

[BobL]

I’m still thinking of having that put on my tombstone...

“I wish I spent more time at the office.”

Just to give people a chuckle as they walk by.

[IrishBrigade]

‘I think it’s a good thing to leave the rat race behind every now and then....’

I agree to the extent that the corporate model of the excessively regulated workplace was poorly thought out, and the reference to the big companies as ‘heart attack mills’ was well earned...at RCA in the late ‘50’s, every male in my father’s office had to, under compulsion, wear a white shirt; ridiculous on its face...in addition, permission was needed to use the rest room, and time away from the desk was tabulated and held against them at review (they actually had someone whose job was partly to do this); this is no way to live and work...but living ‘la dolce vita’ off of someone else’s earnings is far worse...

[maine-iac7]

I can understand the ‘outta the tinsel rat race” part - but without a plan seems naive - to say the least.

Develop a plan for living on less - get a small house in an area with smaller living expenses while earning big - put away at least 6 months living expenses - develop a strategy for income based on pared down living plan - start a small business- grow carrots...
i.e. don’t just walk out the door and run off to some far away beach.

[Ted Grant]

Wow, she even hung out with John Legend during Fashion Week.

[IrishBrigade]

‘However, taking a year off and having fun in life (before life’s responsibilities are taken on) is not a bad thing.’

except you have to account for the time gap in your work record on your resume; ‘having fun’ probably isn’t going to go over too well...

[Hot Tabasco]

It’s all fun and games until the money runs out

It's all fun and games till Kauai erupts again.......

[IrishBrigade]

‘She has learned to live very frugally, makes good money, and has great savings and investments. Right now she’s backpacking a couple hundred miles of the John Muir Trail in the California Sierras.’

is she married...?

[IrishBrigade]

‘Our pubic school teachers should just be ashamed of themselves.’

yah, I agree; they should quit beating about the bushes...

[Old Teufel Hunden]

"except you have to account for the time gap in your work record on your resume"

Especially for women this has never been a problem as employers looking at resumes expect women to have gaps in their employment because of marriage and raising kids.

It also depends on the job market. In the Obama economy, you are probably right. In the Trump economy, if you're qualified and experienced employers don't care. They need you!!

You are probably right that it will set back their career some as they may have to take lesser pay or a little down the corporate ladder, but as someone mentioned previously, on your death bed no one ever says geeze I wish I had chained myself to my job more in my 20s so I climbed higher on the corporate ladder.

[Old Teufel Hunden]

What you just described is what gave rise to the Beatnicks in the 50’s. When it comes down to it, they were against the established norms of the 50’s. This is why Jack Kerouac’s ‘On the Road’ was such a big seller in 1957. If you’ve ever read any of his works, you will quickly come to the conclusion that none of his characters ever hold a steady job. So this type of fantasy of just letting go is not new to the millennials.

[Old Teufel Hunden]

"It's all fun and games till Kauai erupts again......."

There is no active volcano on Kauai. The active ones are on the big island, pu'u Maunaloa and pu'u Kilauea. They are in no danger.

[JamesP81]

I wasn’t referring to myself. My wife and I discussed it before hand.

This comes from observation. It’s fine and well when young couples discuss such things then one changes rather suddenly after they get married. Seems like a thing with the younger generation. I do not get it, but I do get the effects it’s having.

[Big Red Badger]

Burned Out...

Right,

[ridesthemiles]

ONLY got 2 weeks of vacation a year?

I remember 1 week after 1 year——2 weeks after 2 full years, and 3 weeks after 15 years.

The entitlement generation is certainly running amuck.

[ProtectOurFreedom]

Ha! Nope.

[Hot Tabasco]

There is no active volcano on Kauai.

Kauai erupted once before, look it up..........