80% of millennial’s think they’re going to be richer than their parents. Yet, according to new PEW data, living with their parents is the most common living arrangement among young adults for the first time in history.
So they’re not self-reliant. They’re not earning enough to live on their own or responsible enough to be in control of their own living situations. Yet, they intend to be wealthier than those who take care of them well into their thirties all the while draining the wealth of those they depend on?
How do millennial’s think they’re going to be wealthier than their folks?
The recipe is a far different one than any of our past generations in the west.
How One Typically Improved Their Status
Wealth was usually incurred through frugality. Spending less than you earned was popular at the turn of the twentieth century. As was moving up in the world through ingenuity and, well, winning. Winning was praised, honored, admired.
Millennial’s don’t like winning. They think it’s evil. They think it’s a lot of things, even sexist or racist or ‘classist’. They’ve been allowed to lose for their entire lives. Rather than proclaiming winners or losers everyone was treated equally as ‘participators’ when these young folk were even younger and still in school. (Read This: Our Schools Are Teaching Our Boys to Be Pussies)
Maybe it’s because their world isn’t as harsh as the one that existed before them. Maybe winning isn’t a necessity. Maybe depending on others to win, to do what must be done, to kill bad guys, to solve problems, and to pay taxes isn’t in line with their values.
They seem to want money.
Their entire world is a series of comparisons. They compare their pictures to others on social media. They gain value from having something nicer than what someone else has. They feel good about themselves when they hate what someone else has, claiming they must have cheated to get it.
Therein lies another problem with the millennial’s acquisition of wealth; their idea of the successful, the wealthy, the ambitious, is that they had to have cheated or taken advantage of someone to become successful or wealth, thus, making this end impossible to the millennial who wouldn’t dare do such a thing.
Of course, wealth isn’t acquired by cheating, but by giving something of value to the market, to people, by investing money wisely, by not spending it frivolously, and by working harder than everyone else. These, too, are things that the millennial is unwilling to do.
So, for goodness sake, how in the hell are millennial’s going to become wealthier than their caretakers? How do they think they’re going to earn more than the ones who feed them?
There are two answers, and both involve gifts.
1. They genuinely think they’re the center of the universe. They don’t believe in merit, they simply believe they’re worthy without evidence to back it up. Thus, they think they’re going to be given a promotion without ever having to earn it.
40% of millennial’s actually believe they should be promoted every two years regardless of performance!
This delusion will be met by the real world, by the meritocracy that we hopefully live in. At some point you have to be of value. These leaches will find this out, and then they’ll play the lottery, or, like many hippies, they’ll wake up and realize that they need to work for what they want, and that work is a wonderful thing, it gives us purpose.
2. They’re waiting for their parent’s to die.
This seems to be what most of these youngsters (many of them being older than me) are doing. They’re simply waiting for their parents and/or grandparents to kick the bucket so they can get their inheritance. Nothing else makes sense. They say they want to be rich, but many of them list their ideal job as ‘being famous’. They have no concept of how things actually work, and it doesn’t appear that they want to grasp reality at all.
Thus, we have a millennial’s guide to getting rich. Either wish for a gift, or wish for the death of the people paying for your iPhone.
This, of course, isn’t you. You may be between the ages of 18-35, but you’re on a site that asks more of you because you want more from you. It helps to understand how the rest are thinking. It makes hard work and persistence all the more valuable. It also makes your vote more important than ever.
Hustle. Don’t be one of these little bastards. Be a man.
About The Author
Chad Howse: Chad’s mission is to get you in the arena, ‘marred by the dust and sweat and blood’, to help you set and achieve audacious goals in the face of fear, and not only build your ideal body, but the life you were meant to live.
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This article’s name is not really accurate because it is more about things that
do not work,and the title gets people ready for something that does.
About the millennial mentality that you talked about,I am glad to see that most
people from my school are nothing like that.
There is however a vocal minority who sees everything as racist or sexist,consisting
of some girls who spend too much time on tumblr.
I could say that in Romania,things are not that bad yet regarding the mentality but the internet turns things
to shit at a fast pace here too.My mom jokingly ( or not ) often says that most of the
bad things from us come from America.
Great point on the vocal minority… Love hearing from younger people hustling, all we hear about are the leeches, the social justice warriors… Thanks for the comment.