Gen Z are dipping into their retirements, skipping meals and selling their belongings just to get by, new reports find

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• AlexLost@lemmy.world ⁨1⁩ ⁨hour⁩ ago

  Yeah, the world is too expensive to live in right now. Who can plan for a future when you can’t catch up with the past.

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• HeyThisIsntTheYMCA@lemmy.world ⁨2⁩ ⁨hours⁩ ago

  thats a lie. gen z doesn’t have retirements

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• SoftestSapphic@lemmy.world ⁨5⁩ ⁨hours⁩ ago

  At any point in their lives, Millennials will have about 1/4th the buying power of Boomers.

  At any point in their lives, GenZ will have about 1/4th the buying power of Millennials, anout 1/16th the buying power of Boomers.

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  • tootoughtoremember@lemmy.world ⁨48⁩ ⁨minutes⁩ ago

    Can I get the source on that? Feels right, but I want to be able to reference it.

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• Zorsith@lemmy.blahaj.zone ⁨5⁩ ⁨hours⁩ ago

  Not like any of us expect the money to still be there when were 60+ (or whatever they move the goalpost to)

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• FalseTautology@lemmy.zip ⁨2⁩ ⁨hours⁩ ago

  Good. The worse things get for the most people the better the chance for real change. At this point I don’t care if it’s societal collapse, revolution, corporate overlord ship or fucking whatever, just get to the point already, I can’t deal with another thirty years of circling the fucking drain and I’d really appreciate it if I could start Mad Maxing it while I’m young enough to enjoy.

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• irish_link@lemmy.world ⁨4⁩ ⁨hours⁩ ago

  OMG people are dipping into their savings and using money just to get by.

  Want to read about it? Okay pay me plus see all the ads we have.

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• Ashiggan@eviltoast.org ⁨3⁩ ⁨hours⁩ ago

  It’s not just Gen z I say as a millennials

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• BeigeAgenda@lemmy.ca ⁨4⁩ ⁨hours⁩ ago

  It’s all those avocado toasts, they should join Avocado Anonymous.

  /S

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• Fredselfish@lemmy.world ⁨5⁩ ⁨hours⁩ ago

  What retirement? I am Gen X and dont have that. But I do have shit ton of possessions. Luckily not in the position to have sell them off.

  Also bullshit where these Gen Z parents. My Gen Z sons aren’t suffering this fate. So far my middle son just turn 18 an adulting okay. Yeah still lives at home which sucks, by his age I had a one bedroom apartment. But he is savimg for college and will move out once he has 10k saved up.

  It’s tougher but with good parenting and knowing the pit falls in life I can guide him to success even in this hell hole.

  Doesn’t have to be this way, but until we rise and demand better nothing going change. So I will do what I got to do for him succeed. It’s up to us Gen X and millenniums to stand up for Gen Z. Its a class war folks need to fight like it is.

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  • SoftestSapphic@lemmy.world ⁨4⁩ ⁨hours⁩ ago

    You’re missing the point.

    If your son didn’t have you to depend on for financial and emotional support, they would be homeless through no fault of their own, like everyone else who doesn’t have that kind of support system.

    They aren’t “adulting” if they can’t live independently.

    And pretending like this situation is fine is part of why we have let it get so bad in the first place.

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    • Fredselfish@lemmy.world ⁨4⁩ ⁨hours⁩ ago

      I had zero support system when I moved out on my own and yes I survived, but look at the cost of things and guess what it isn’t fucking inflation Its fucking greed!

      My first place was a 2 bedroom duplex that cost me 300 a month. Not best neighborhood but in 1997 not bad. Fast forward 2001 working at Walmart had a one bedroom apartment for 360 a month. Go look that same apartment today. Just looked it up fucking 958 for same place. That place with inflation should be no more then 600. How the fuck do they expect anyone to afford that at today wages?

      So yes he is adulting best he can. But promise he wont be 21 still living at home. Shit I hear kids older then that are. Some 25 year olds with college degrees are trap at home.

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• A_norny_mousse@feddit.org ⁨4⁩ ⁨hours⁩ ago

  Funny, I did the same and I’m almost a boomer.

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• Flax_vert@feddit.uk ⁨4⁩ ⁨hours⁩ ago

  You guys are getting retirements???

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• frustrated_phagocytosis@fedia.io ⁨4⁩ ⁨hours⁩ ago

  My retirement plan is to buy a gun for whenever I develop a disease that I can't afford to treat so I don't die in uncontrollable pain

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