The Atlantic: The Cheapest Generation

"ADabOfOppo; Gone Plaid (Instructables Can Be Confusable)" (adabofoppo)
10/27/2014 at 09:26 • Filed to: Tips, Millenials

Saw this on my FB feed this morning. Thought maybe one of the Editors would like to have another crack at schooling these publications that continue to perpetuate that young people don't like cars.

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DISCUSSION (14)

area man > ADabOfOppo; Gone Plaid (Instructables Can Be Confusable)
10/27/2014 at 09:33

Ugh, this again. I really don't know how else to phrase it besides "We can't afford to buy new cars because the cost of living has risen faster than inflation while wage growth has not kept up over the past thirty years"

crowmolly > ADabOfOppo; Gone Plaid (Instructables Can Be Confusable)
10/27/2014 at 09:41

In a bid to reverse these trends, General Motors has enlisted the youth-brand consultants at MTV Scratch—a corporate cousin of the TV network responsible for Jersey Shore—to give its vehicles some 20-something edge.

MTV has lost its shine as well.

Corporations and the older generations need to realize that the younger group has adapted to the lack of stability and lack of trust that people have with large buying/lending propositions. They see what their parents and older siblings are going through and have decided to beat a non-traditional path.

Lenders are just out to fuck you, especially lately? Predatory lending and bailouts? Fine, then I won't buy that car or house, and won't use my credit card.

And so forth.

spanfucker retire bitch > area man
10/27/2014 at 09:43

Seriously, I'd love to put a down payment on a house but my student loan repayments are crushing me. About 500 a month is going towards loans. If not for those, I could have purchased a home by now.

SidewaysOnDirt still misses Bowie > ADabOfOppo; Gone Plaid (Instructables Can Be Confusable)
10/27/2014 at 09:44

I hate it when protomillenials try to make sense of millenials. It always strikes me as old people bitching about the kids these days because they don't get how drastically the world has changed pretty recently.

RamblinRover Luxury-Yacht > ADabOfOppo; Gone Plaid (Instructables Can Be Confusable)
10/27/2014 at 09:46

Forget it Jake. It's The Atlantictown.

nermal > ADabOfOppo; Gone Plaid (Instructables Can Be Confusable)
10/27/2014 at 09:52

Umm, because they don't have any $$$? I'd wager that a decent majority of people under 30 have a $100 phone bill, and student loan payments of $2-600. Those two things work out to either a mortgage on a *starter* house, or car payment on something nice.

Besides that, it's just another case of old people complaining about the damn kids, and how things are different now. Nothing new here.

Sweet Trav > ADabOfOppo; Gone Plaid (Instructables Can Be Confusable)
10/27/2014 at 10:04

These are all so fucking hilarious.

My friends who managed to get decent jobs HAVE ALL bought or leased new cars in the past 2 years and all fall into the category, some that have just recently taken new decent paying jobs are looking at buying a car shortly.

The key thing is, this golden generation of consumption this article references made in real money twice what we make now, had no where near the debt we have now.

Gov-ment/Biznass : "Young ppl y u no buy mor?"

Recent college grads: " Credit is fucked and just sold one of my kidneys to pay for next months rent in a shitty 600 Sq ft apartment"

Gov-ment/Biznass : "y u no save downpayment for house"

Recent college grads : "lets do the math here, after expenses, take 10% of nothin, carry the nothin. Wait I don't have any money to save."

Gov-ment/Biznass: "y u no spend more moenys to help economy"

Recent college grads: "BECAUSE YOU DONT PAY DICK! and refuse to do anything to actually help anyone who doesnt already make 200k+ a year."

Gov-ment/Biznass: "Millennials are ruining this country and economy"

Recent college grads: "FUUUUUUUUUUUUUUUUUUUU"

ADabOfOppo; Gone Plaid (Instructables Can Be Confusable) > Sweet Trav
10/27/2014 at 10:07

Yes. I know. I agree.

ADabOfOppo; Gone Plaid (Instructables Can Be Confusable) > nermal
10/27/2014 at 10:09

Yes I know. I agree. That's why I asked if the Eds could lay the smack down again.

ADabOfOppo; Gone Plaid (Instructables Can Be Confusable) > RamblinRover Luxury-Yacht
10/27/2014 at 10:10

I'm afraid I do not get this reference. Please explain.

RamblinRover Luxury-Yacht > ADabOfOppo; Gone Plaid (Instructables Can Be Confusable)
10/27/2014 at 10:14

http://en.wikipedia.org/wiki/Chinatown…

The ending, in which a plan falls apart and someone is rather pointlessly shot, features the line "Forget it, Jake. It's Chinatown". I.e. I'm suggesting that The Atlantic is a swamp of bong-water best not even engaged most of the time, because when you do, pointless and harmful things will happen. People gettin' shot and shizzle.

ADabOfOppo; Gone Plaid (Instructables Can Be Confusable) > RamblinRover Luxury-Yacht
10/27/2014 at 10:15

I've seen Chinatown, but it has been years. Clearly I need to watch it again.

chuck07 > ADabOfOppo; Gone Plaid (Instructables Can Be Confusable)
10/27/2014 at 10:24

It has probably been discussed many times why millennials are 'killing' the economy. Many of my friends who are making decent money live in cities. That means rent part of a busted row house for $1000 a month or buy a house for $750k. They make a decision to live somewhere that they can only afford to rent.

Why aren't they buying cars? They don't have a need for them. Street parking sucks. Everything they want to do is withing a bus or taxi(Uber) ride away. Parking at destinations within the city is expensive. Whenever they want to go out of the city, they go in groups and always have a friend who can drive the group.

I think the more important thing to study would be how millennials are moving from the suburbs back into the cities. There is plenty of money to be made, you just need to cast your net in the right area. In 10 years these people who decided to live in the city will be moving to areas more conducive to children. They will be buying houses. They will be buying hybrid hatchbacks.

Not that these things are coming easily. Student loans and increased healthcare costs are keeping wallets pretty tight.

I say this as I have bucked all these trends, but it is different strokes for different folks.

davesaddiction @ opposite-lock.com > ADabOfOppo; Gone Plaid (Instructables Can Be Confusable)
10/28/2014 at 11:53

This just in! Millennials are learning from their parents' and older siblings' mistakes, and aren't taking on huge amounts of debt that they can't afford.