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Stay Calm and Save for the Future

28 Jul, 2016 | Savings Stories

We don’t hear it enough: our generation has failed to acquire the financial security our previous ones had. “No Pension Pamela,” or “No Mortgage Mike” is what they say to our faces. And while we may think this is wrong or unfair, we can’t help but wonder…are they right?

With this in mind, we have compiled a list of articles scrutinizing millennials. A list that covers the entire spectrum of millennial doom. We will shed light on our mounting student debt, lack of insurance, lack of savings, etc. — not to make us feel any worse about our future, but rather to inspire strength. Because as it turns out:

  1. No one is alone in this.
  2. It’s not our fault that expenses are peaking.
  3. Nothing is over yet. There’s still more hope than most are willing to admit.

Article number one, with the starting line, “As God is my witness, I will never hire a millennial again as long as I live”, will put us right in the mode. It speaks about how the millennial generation doesn’t want to work. Big surprise, yes?

This second article, about our incompetence when we actually do work.

This third lets us know how willfully ignorant we are.

Or how we aren’t buying homes or roofs to sleep under.

And let’s talk about our planet’s future — that which we will all depend on for our future. For all we know, it’s doing even worse than us. Here you can read about the end of the world.

To top all of this off — what about all the asteroids out there that are coming to blow the earth and all millennials on it into pieces? TX68 (what a cute name) is one of them.

It’s hard to not be a little upset by this.

But what is more upsetting, is that while all of this is going on, The Economist has the guts to ask why our generation isn’t buying diamonds.

millennials diamonds 2

Is it not clear that we have other things to think about?

You cannot eat diamonds. You cannot live inside a diamond. You can definitely not drive to work, or shoot down an asteroid with a sparkly diamond.

Jokes aside.

There are many people out there who are very opinionated. And many times, these opinions really get to us. Get the best of us.

We’re almost made to believe that all of this is true. That this is, indeed, the end. But let’s wait a minute.

What if we’re not so terrible?

We are, after all, the most educated generation.

Plus, we are – in spite of all the stereotypes – great workers.

Some go as far as to say that, despite our shortcomings, we will save the world.

Additionally, the asteroids won’t hit us, at least not yet.

Close, but no cigar, TX68…

sad asteroid

It seems that – contrary to that of TX68 – we, the millennials, may still have a bright future. It wouldn’t be so crazy to think that when people are criticizing us, they may be exaggerating. People exaggerate all the time — especially when they talk about the younger generations.

This is nothing new. The phenomenon has existed for as long as anyone can remember. There’s even a word for it: Juvenoia; the fear and hostility of an older generation directed to the younger. Vsause will tell us all about it in this video.

With this, let us conclude that we’re all pretty good, or at least just as good as any other generation. The world is different today; while it was important twenty, thirty, or forty years ago to own a house or be debt-free, this might no longer be equally crucial.

This is not to say there is no room for improvement; it just means that we don’t have to lose ourselves in a giant pit of anxiety every time someone comments on our financial shortcomings. Our previous generations may have had more capital stashed up, but they didn’t have Qapital.

So think about this as you save for the future. Oh, and have a nice Thursday!

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Carl-David Pärson