The Future Of The Millennial Generation

People are not being able to save because they are putting their wants in place of their needs. Saving money is one of the hardest things to do. First they need to develop a budget to be in control of where their money is going. One should record their monthly expenses, and any money saved for the month put away for emergencies. Today, people are making more money than ever before and still living paycheck to paycheck. Developing a budget will get one accustomed to living within their means and will open up more money for saving.

Like I said before, many companies are going bankrupt and are leaving the exiting the industry.

In an effort to save money and lower debt, more and more millennials are turning living in their parent's basement from the punchline of a bad joke or sitcom fodder into an accepted, and even

dwarfed by that of mortgage loans and for student loan debt to cause serious damage to

”Student loan debt is the highest kind of debt in the United States” The Project

At every turn there are talks about millennials. Whether it be a meme on the internet mocking them or a serious article addressing possible issues that involve their futures. As David Brooks argues in his article, ‘It’s Not About You’, if millennials are going to be successful in life then they have to realize that not everything is about them. Brooks’ claim effectively appeals to the audience’s emotions, yet he fails to explain the logic in his argument and build his credibility. Pointing out the many problems that millennials may face as they start life on their own, Brooks elicits many emotions from his audience.

Millennials may be criticized, but they are a generation like no other. In the article “Why Millennials Will Save Us All,” Joel Stein asserts that millennials are a positive force of change. Stein’s intent is to convince his target audience, older generations who perceive millennials as “lazy, entitled, selfish and shallow” (28), that they misunderstand millennials. He boldly claims that “[millennials are] not a new species; they've just mutated to adapt to their environment” (31). Stein persuades his audience that millennials are most certainly a treasure trove of remarkable qualities.

When I asked Ms. McGlashan what were the three biggest personal finance mistakes that she sees young people struggle with, she said, “Savings, young people don’t invest, or invest in the wrong things.” Ms. McGlashan

According to Kate Rogers with the Fox Business News “Millennials are the most financially conservative since the Great Depression. And the great recession is

So many people have been rich and go poor for not managing their money right. For example the ones that win the lottery. They just think of spending and depending and at the end they owe everything they have. That’s

Ever since I was a little girl, my father taught me to save as much money as I possibly could. First of all, my parents opened up a savings account just for me so that I could keep all my money safely in one place. My father taught me the basic of personal finance, also how to manage my money suitably. Even though I listened to my father’s advice, my sister didn’t. When we were younger, and still today, she will spend her money as fast as she can obtain it. Learning from my sister’s mistakes, I decided to follow in my father’s footsteps, when it comes to money. Not only did I learn how to manage my money from my parents, but recently I also have been learning from Everfi modules. Both Everfi and my father taught me how to manage my money correctly. For example, I learned to save money, to not buy items you don’t necessarily need, and to start planning for retirement, among numerous others.

Finance stability has been a problem since “big business”, the Gilded Age in the 1870s, the Stock Market Crash in 1929, and even with the sixteenth amendment in 1913. Living is becoming expensive in the 21st century automobile expenses, house payments, food, clothing, and so on are ways an individuals income can be tampered with. That’s why America should learn to budget themselves to keep money in their pockets. When it comes to making decisions on purchases one should, "Wait overnight, put some time between your emotions and the transaction." (Rachel Cruze). Saving money will not only build your income but the savings act as a ‘life line”; this prepares you for a life time enjoyment after retirement, provide a safety net in case of an emergency and aid in being financially

Sit down and what do you do? Do you open up a book? Do you open a newspaper? No, you open up your phone or computer and open up to the internet. We no longer rely on looking for our information, and just would rather have it handed on a silver platter. We have become lazy, however my generation has a whole new set of skills like computer analysis, online marketing, or social media tracking, that would take an older generation much longer to learn how to do.

Millennials, a group of people who were born in the year 1984 and after. There are millions of them and they are our future. According to Simon Sinek, millennials “are accused of being entitled and narcissistic, self interested, unfocused and lazy.” Even though Millennials lack in some aspects, he believes that parenting, technology, impatience and environment is to blame. As a millennial, I totally agree with Sinek’s point because I am affected by all the variables that he listed ever since birth. Millennials did not do anything wrong but, the way they were raised affected their attitudes.

Although millennials are often perceived as being lazy, unmotivated workers, the reality is actually quite the opposite. Luke Blanchart of Odyssey claims that the drive and work ethic of today’s youth has disappeared. However, he kind of misses the mark, misinterpreting change and development of work ethic for absence. Every new generation has been used as a scapegoat by previous generations. A quote by Socrates in 400 A.D. states, “Children now love luxury. They have bad manners, contempt for authority, disrespect their elders, and love talking instead of exercise” (forbes.com). The unfair blaming of younger generations for problems afflicting society is nothing new. It happened in 400 A.D. and continues to happen today. Although Blanchart makes some good observations, he is ultimately misguided. It’s not that millennials have no work ethic, but rather that they are misunderstood, having a different type of work ethic than previous generations.