Since millennials first started entering the workforce, their spending habits have been blamed for killing off industries ranging from casual restaurant dining to starter houses. However, a new study by the Federal Reserve suggests it might be less about how they are spending their money and more about not having any to spend.
A study published this month by Christopher Kurz, Geng Li and Daniel J. Vine found millennials are less financially well-off than members of earlier generations when they were the same ages, with “lower earnings, fewer assets and less wealth.”
Their finances were compared with Generation X, baby boomers, the silent generation and the greatest generation.
The researchers examined spending, income, debt, net worth and demographic factors among the generations to determine “it primarily is the differences in average age and then differences in average income that explain a large and important portion of the consumption wedge between millennials and other cohorts.”
i know ive talked about this before but we literally have no reason not to bring the original gay flag made in the 70s by gilbert baker back to regular use!
the pink originally symbolized sex and the turquoise was for magic/art and it would just be really cool if we could bring both the stripes back into regular use again since there wasn’t any significance behind the removal of the stripes and we’re perfectly capable of mass producing flags with all the stripes again!
if anyone is interested, in 2017, shortly before he died, gilbert baker added a 9th stripe in lavender to represent diversity, partly in response to trump’s election. while i dont expect it to gain any kind of widespread usage, it is an interesting fact!
it’s so difficult not being able to use milennial humor in a corporate setting. like i made a mistake today and i wanted to tell my supervisor it’s because i suffer from Dumb Bitch Disease, but do you think that would fly?? fuck no. i gotta say shit like, “sorry for the misunderstanding!” i can’t wait till the workforce is made up entirely of millennials and i can say “sorry i drank idiot juice for breakfast this morning” and my coworkers will be like “oh worm.”
Create a mess 