Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
8 Pages « < 4 5 6 7 8 >Bottom

Outline · [ Standard ] · Linear+

 4 Reasons Why Millennials Don't Have Any Money

views
     
SUSLiamness
post Jan 30 2020, 12:08 PM

Casual
***
Junior Member
445 posts

Joined: Aug 2018
QUOTE(TheBornLoser @ Jan 30 2020, 12:03 PM)
Already said... my father's time, chicken meat is only for CNY, eggs is once a month or so, and milk is non-existent.

During their time, they also had to work hard. Raise children and sustain an elder on their own.

If my parents were transported to today's era with its modern conveniences, I fear they would become like me!

I mean, in any era, you have your char siews and strawberries, and you have your survivors and successful folks.

In every era, you also have your regular, almost daily complainers, and you have folks who do something about it, while appreciating the past and working towards the future.

Hell, yours and my grandfather's generation was WWII. Don't think you and I would survive long  nod.gif

I mean, you do whatever you want to do in life lar. I am not going to convince you of whether you are living in good, prosperous, peaceful times, or in hard, poverty-stricken, miserable conditions times. You view it whatever way you want to, OK smile.gif
*
no.. what I mean was let's say your father job and pay is still same as today..

imagine what will you be eating for CNY then? probably just rocks..

Hence, why I said they would probably 14th floor because life is too tough for them..

If it was tough back then with a crap job, if you took up the same crap job, it would be even more tough today..

Fact is, you can't do a crap job today and survive.. previously, yeah, you can..
spilocke
post Jan 30 2020, 12:09 PM

Getting Started
**
Junior Member
56 posts

Joined: Jul 2005
Baby Boomers seldom overseas holiday... not their lifestyle... no youtube so no push factor to see the world. Extra money put in house. Credit card? Got money only spend.

Millennieals, rise of internet, see youtube, see holiday, go holiday. Easy credit approvals. Their access to information is vast and very tempting to keep up with the tech. Paying monthly subscription for almost anything is very common. The mode of socializing also increased and wider than before... owning gadgets becomes their lifestyle, gaining experience. Money can flow out in various ways.

End of the day, seduction for latest tech, gadgets, holiday, experience is the money vacuum cleaner. Now imagine if Smartphone only discovered last week and we are all using green screen terminals at work. No such thing as monthly phone subscription to suck from your salary. No Astro no internet, no aircon.... the only thing that requires monthly payment is water and electric bill. (Baby Boomers grew up without all these extras we have today)

This post has been edited by spilocke: Jan 30 2020, 12:19 PM
brkli
post Jan 30 2020, 12:14 PM

On my way
****
Junior Member
592 posts

Joined: Oct 2018
QUOTE(Liamness @ Jan 30 2020, 12:08 PM)
no.. what I mean was let's say your father job and pay is still same as today..

imagine what will you be eating for CNY then? probably just rocks..

Hence, why I said they would probably 14th floor because life is too tough for them..

If it was tough back then with a crap job, if you took up the same crap job, it would be even more tough today..

Fact is, you can't do a crap job today and survive.. previously, yeah, you can..
*
if you still get the same pay 20-30 years later, you will also just eat rocks for CNY. heck, your job now, probably called crap by the Gen Z or later.
+3kk!
post Jan 30 2020, 12:18 PM

Look at all my stars!!
*******
Senior Member
8,275 posts

Joined: May 2006
QUOTE(ApocalypseSoon @ Jan 30 2020, 12:00 PM)
Which is legit one?
*
Normally N or R, also they are single use and at most like 3 times use. They are also wildly uncomfortable more expensive and erm ya

Even haze you normally use N

the ones people buy is Surgical Mask, its to prevent other people from you, not you from the virus. Its designed to stop big droplets of bodily fluid, similar to a tissue. It doesnt stop aerosol or small droplets, so unless you think someone is going to cough/sneeze right into your face then it works

https://www.mercurynews.com/2020/01/28/coro...ey-do-any-good/




SUSLiamness
post Jan 30 2020, 12:19 PM

Casual
***
Junior Member
445 posts

Joined: Aug 2018
QUOTE(brkli @ Jan 30 2020, 12:14 PM)
if you still get the same pay 20-30 years later, you will also just eat rocks for CNY. heck, your job now, probably called crap by the Gen Z or later.
*
So then you admit that the world is getting harder and harder..

More technical, require more dedication and more effort..

Honestly, if I can just do a half-day job, selling kopi O & bread and with that, be able to afford a comfortable life, why not?.. That was our grand-parents time..




MeToo
post Jan 30 2020, 12:23 PM

Look at all my stars!!
*******
Senior Member
9,333 posts

Joined: May 2009
QUOTE(+3kk! @ Jan 30 2020, 09:34 AM)
actually theres some truth to it,

one of the core reasons why people find it hard to move up or get good income is cause retirement age is increasing

so if you think about it the cost of goods and services  are going up, but the relative income level of an individual doesnt go up unless the older generation retires.
*
Retirement increasing cause birthrate decreasing.

Especially in Europe if everyone retires at 55, the social welfare system will collapse immediately.
msacras
post Jan 30 2020, 12:24 PM

Regular
******
Senior Member
1,767 posts

Joined: Jan 2019
QUOTE(Liamness @ Jan 30 2020, 12:19 PM)
So then you admit that the world is getting harder and harder..

More technical, require more dedication and more effort..

Honestly, if I can just do a half-day job, selling kopi O & bread and with that, be able to afford a comfortable life, why not?.. That was our grand-parents time..
*
In short, back then stuffs are not/less expected to be controllable or engineerable. They do and react according to what’s arranged by god/sky.

Today, mankinds are digging hard on ways to bypass the limitations, hence all the extra works and complexity.
SUSTheBornLoser
post Jan 30 2020, 12:24 PM

Getting Started
**
Junior Member
70 posts

Joined: Apr 2019


QUOTE(Liamness @ Jan 30 2020, 12:08 PM)
no.. what I mean was let's say your father job and pay is still same as today..

imagine what will you be eating for CNY then? probably just rocks..

Hence, why I said they would probably 14th floor because life is too tough for them..

If it was tough back then with a crap job, if you took up the same crap job, it would be even more tough today..

Fact is, you can't do a crap job today and survive.. previously, yeah, you can..
*
Well, that is why my parents led pretty stark lives. To ensure that their children do not "lead" the lives they led back then.

And so far, they have succeeded on that account.

The goal of most families is to progress, in one way or another. Families which stay stagnant or fail to adapt in fast changing times are those who want time to go backwards.

How about families who failed to adapt during our parents' generation? Those who depended on bullock carts for transportation, on hand-tools for farming, who believed that only a Standard 6 education was sufficient to "make it in the world"?

They would want time to regress even further!

But anyway, I digress....

As a closer to my participation in this thread, I want to point out something about your example:

You claim that we cannot do a crap job today and survive.

In a way, your statement is true. But in another way, your statement is not true.

Try telling your statement to the hundreds of millions, if not billions of poverty stricken men, women and children in places like Africa, South America, South Asia, and even many parts of South East Asia. Folks with no jobs or jobs so crap that they would find OUR crap jobs a goldmine.

There is a reason why hundreds of thousands of people risk life and limb to become fruit pickers and toilet cleaners in developed countries. Because the alternative sucks donkey balls even more.

There are people who want to do Malaysia's crap jobs. There are Malaysians who want to do Singapore's crap jobs. Heck, I posit that everything in this world is just a different level of crap... in our professional lives, we take so much crap from everyone. Businessmen take crap from their clients. Politicians take crap from their constituencies. Billionaires take crap from haters and people with nasty agendas. Royalty are stuck in inheritance and face-maintaining crap. Its just a matter of which crap you'd rather be stuck in, and whether you turn the crap into fertilizer.... earthen gold, in the course of your life.

For all the ribbing I do of Malaysia, I readily acknowledge that Malaysia is far ahead of many other countries in the world. Heck, probably ahead of another 100 other countries in the world.

To a very large extent, I am very thankful not to be born in those countries. I am thankful to be born in Malaysia, and under circumstances where I am forced to survive and compete for my place in the world.

Because life could have been a lot crap, and in many more ways. And I am not sure I am mentally strong enough to withstand THAT type of crap.

OK, on that note, have spent too much time internet-warrioring on these forums, going to retreat for a bit biggrin.gif biggrin.gif biggrin.gif
+3kk!
post Jan 30 2020, 12:26 PM

Look at all my stars!!
*******
Senior Member
8,275 posts

Joined: May 2006
QUOTE(MeToo @ Jan 30 2020, 12:23 PM)
Retirement increasing cause birthrate decreasing.

Especially in Europe if everyone retires at 55, the social welfare system will collapse immediately.
*
thats true, but the unfortunate side effect is

the kids won't get the jobs, so in europe, if you want to be an executive after uni? its quite rare

the diff between there and here i notice is, they play non-executive jobs waaaay better than here
MeToo
post Jan 30 2020, 12:26 PM

Look at all my stars!!
*******
Senior Member
9,333 posts

Joined: May 2009
QUOTE(spilocke @ Jan 30 2020, 12:09 PM)
Baby Boomers seldom overseas holiday... not their lifestyle... no youtube so no push factor to see the world. Extra money put in house. Credit card? Got money only spend.

Millennieals, rise of internet, see youtube, see holiday, go holiday. Easy credit approvals. Their access to information is vast and very tempting to keep up with the tech. Paying monthly subscription for almost anything is very common. The mode of socializing also increased and wider than before... owning gadgets becomes their lifestyle, gaining experience. Money can flow out in various ways.

End of the day, seduction for latest tech, gadgets, holiday, experience is the money vacuum cleaner. Now imagine if Smartphone only discovered last week and we are all using green screen terminals at work. No such thing as monthly phone subscription to suck from your salary. No Astro no internet, no aircon.... the only thing that requires monthly payment is water and electric bill. (Baby Boomers grew up without all these extras we have today)
*
Ok boomer.

How dare you lecture the millenials and keep them from their well deserved luxury.


Zer0 c00L
post Jan 30 2020, 12:27 PM

i haz hammer!
*******
Senior Member
3,510 posts

Joined: Feb 2005


because most of the so called 'needs' nowadays are actually wants
MeToo
post Jan 30 2020, 12:28 PM

Look at all my stars!!
*******
Senior Member
9,333 posts

Joined: May 2009
QUOTE(+3kk! @ Jan 30 2020, 12:26 PM)
thats true, but the unfortunate side effect is

the kids won't get the jobs, so in europe, if you want to be an executive after uni? its quite rare

the diff between there and here i notice is, they play non-executive jobs waaaay better than here
*
The kids will get jobs cause birth rate is lower then mortality rate. They cannot afford to let ppl retire, the immediate affect might be the milleanials suddenly can get their managerial position and 20k but the spillover is the collapse of the welfare state.

"During 2018, more deaths than births were recorded in the EU (5.3 million deaths and 5.0 million births), meaning that the natural change of the EU population was negative for a second consecutive year."
brkli
post Jan 30 2020, 12:29 PM

On my way
****
Junior Member
592 posts

Joined: Oct 2018
QUOTE(Liamness @ Jan 30 2020, 12:19 PM)
So then you admit that the world is getting harder and harder..

More technical, require more dedication and more effort..

Honestly, if I can just do a half-day job, selling kopi O & bread and with that, be able to afford a comfortable life, why not?.. That was our grand-parents time..
*
back then it is "harder" to earn RM 2. but RM 2 you can eat one meal or maybe 2 if not heavy eater. now is it "easier" to earn RM 2, but now you can only buy drinks.

so, if u ask me. things has changed for sure. but all in all it is still quite balance to support cost living for normal/average people.
MeToo
post Jan 30 2020, 12:31 PM

Look at all my stars!!
*******
Senior Member
9,333 posts

Joined: May 2009
QUOTE(TheBornLoser @ Jan 30 2020, 12:24 PM)
Well, that is why my parents led pretty stark lives. To ensure that their children do not "lead" the lives they led back then.

And so far, they have succeeded on that account.

The goal of most families is to progress, in one way or another. Families which stay stagnant or fail to adapt in fast changing times are those who want time to go backwards.

How about families who failed to adapt during our parents' generation? Those who depended on bullock carts for transportation, on hand-tools for farming, who believed that only a Standard 6 education was sufficient to "make it in the world"?

They would want time to regress even further!

But anyway, I digress....

As a closer to my participation in this thread, I want to point out something about your example:

You claim that we cannot do a crap job today and survive.

In a way, your statement is true. But in another way, your statement is not true.

Try telling your statement to the hundreds of millions, if not billions of poverty stricken men, women and children in places like Africa, South America, South Asia, and even many parts of South East Asia. Folks with no jobs or jobs so crap that they would find OUR crap jobs a goldmine.

There is a reason why hundreds of thousands of people risk life and limb to become fruit pickers and toilet cleaners in developed countries. Because the alternative sucks donkey balls even more.

There are people who want to do Malaysia's crap jobs. There are Malaysians who want to do Singapore's crap jobs. Heck, I posit that everything in this world is just a different level of crap... in our professional lives, we take so much crap from everyone. Businessmen take crap from their clients. Politicians take crap from their constituencies. Billionaires take crap from haters and people with nasty agendas. Royalty are stuck in inheritance and face-maintaining crap. Its just a matter of which crap you'd rather be stuck in, and whether you turn the crap into fertilizer.... earthen gold, in the course of your life.

For all the ribbing I do of Malaysia, I readily acknowledge that Malaysia is far ahead of many other countries in the world. Heck, probably ahead of another 100 other countries in the world.

To a very large extent, I am very thankful not to be born in those countries. I am thankful to be born in Malaysia, and under circumstances where I am forced to survive and compete for my place in the world.

Because life could have been a lot crap, and in many more ways. And I am not sure I am mentally strong enough to withstand THAT type of crap.

OK, on that note, have spent too much time internet-warrioring on these forums, going to retreat for a bit biggrin.gif biggrin.gif biggrin.gif
*
ok boomer.

Millenials deserve to get that Manager job with a fresh degree and hit 20k within 2 years. Otherwise how can they afford to follow up with their FB friends who go on vacation daily?

Just imagine you have 400 friends on FB, if each of them go on vacation ONCE a year, you will have a daily post of someone on vacation in exotic location.... suddenly ALL your friends are ALWAYS on vacation..
SUSDezs
post Jan 30 2020, 12:32 PM

On my way
****
Junior Member
623 posts

Joined: Jan 2011
From: Lobang Batu


QUOTE(spilocke @ Jan 30 2020, 12:09 PM)
Baby Boomers seldom overseas holiday... not their lifestyle... no youtube so no push factor to see the world. Extra money put in house. Credit card? Got money only spend.

Millennieals, rise of internet, see youtube, see holiday, go holiday. Easy credit approvals. Their access to information is vast and very tempting to keep up with the tech. Paying monthly subscription for almost anything is very common. The mode of socializing also increased and wider than before... owning gadgets becomes their lifestyle, gaining experience. Money can flow out in various ways.

End of the day, seduction for latest tech, gadgets, holiday, experience is the money vacuum cleaner. Now imagine if Smartphone only discovered last week and we are all using green screen terminals at work. No such thing as monthly phone subscription to suck from your salary. No Astro no internet, no aircon.... the only thing that requires monthly payment is water and electric bill. (Baby Boomers grew up without all these extras we have today)
*
The world is changing, and rules of the game are changing. Parents did not tech you the rules of today but the rules of their day which in some cases is 40 years outdated. So whoever remains in a coconut shell will become kecian lo..

Ayam had no understanding of how this world works from 19-23 despite ayam dad a banker =.=. At 24 ayam figured out something was very wrong since simple maths deduced ayam will never be able to have a good income, earn salary or even pay for a good car. The only thing ayam learn from parents is savings. Then with some work from 24-26 ayam learn to budget, gain info, invest, and build new income streams - nao ayam at 3x can buy merc cash and finance a home, but refuse to do so unless its a good value buy. Ayam still renting to maintain strong cashflow and little responsibilities.

Ayam parents buy car every 4 years last time - so age to age > ayam still on my first car - my parents on third already. Imagine all that money dumped down.
+3kk!
post Jan 30 2020, 12:35 PM

Look at all my stars!!
*******
Senior Member
8,275 posts

Joined: May 2006
QUOTE(MeToo @ Jan 30 2020, 12:28 PM)
The kids will get jobs cause birth rate is lower then mortality rate. They cannot afford to let ppl retire, the immediate affect might be the milleanials suddenly can get their managerial position and 20k but the spillover is the collapse of the welfare state.

"During 2018, more deaths than births were recorded in the EU (5.3 million deaths and 5.0 million births), meaning that the natural change of the EU population was negative for a second consecutive year."
*
youth unemployment is an issue everywhere which indicates that the jobs are not moving to kids, part of why the youth is having no money is the lack of stable jobs to build a future on.

the problem why this appears is simple really, its something that people say here often but dont realise that it creates another set of problems - automation and JIT Manufacturing.

So what companies do is once the old leaves or gets VSS, they restructure their company with more automation, removing more jobs along the way. Hence the supply of jobs reduce as less people need to do the same thing.

theres a move a few years back that caused wide spread banking VSS, its to remove the clerical side of things to eletronic/digital, so a whole department of paper pushers, now gets replaced by just a team of tech geeks.

even my supplier does this these days, instead of a storehouse they built to go, which means you dont need to hire store keepers, inventory managers, and vice versa

spilocke
post Jan 30 2020, 12:38 PM

Getting Started
**
Junior Member
56 posts

Joined: Jul 2005
QUOTE(Dezs @ Jan 30 2020, 12:32 PM)
The world is changing, and rules of the game are changing. Parents did not tech you the rules of today but the rules of their day which in some cases is 40 years outdated. So whoever remains in a coconut shell will become kecian lo..

Ayam had no understanding of how this world works from 19-23 despite ayam dad a banker =.=. At 24 ayam figured out something was very wrong since simple maths deduced ayam will never be able to have a good income, earn salary or even pay for a good car. The only thing ayam learn from parents is savings. Then with some work from 24-26 ayam learn to budget, gain info, invest, and build new income streams - nao ayam at 3x can buy merc cash and finance a home, but refuse to do so unless its a good value buy. Ayam still renting to maintain strong cashflow and little responsibilities.

Ayam parents buy car every 4 years last time - so age to age > ayam still on my first car - my parents on third already. Imagine all that money dumped down.
*
Financial literacy is a skill not many can master. At 24-26, I was still without any budget and a free flow spender. Now I am living to regret that. Now budget and re-rebudgeting again and again when situation changes.
ApocalypseSoon
post Jan 30 2020, 12:39 PM

Getting Started
**
Junior Member
214 posts

Joined: Jan 2019
Btw, most boomer already retired or dead and passed-on their inheritance to the next generation.

Eg: Bill Gates & Steve Jobs

Only 1/3 still working.

This post has been edited by ApocalypseSoon: Jan 30 2020, 12:40 PM
MeToo
post Jan 30 2020, 12:42 PM

Look at all my stars!!
*******
Senior Member
9,333 posts

Joined: May 2009
QUOTE(+3kk! @ Jan 30 2020, 12:35 PM)
youth unemployment is an issue everywhere which indicates that the jobs are not moving to kids, part of why the youth is having no money is the lack of stable jobs to build a future on.

the problem why this appears is simple really, its something that people say here often but dont realise that it creates another set of problems - automation and JIT Manufacturing.

So what companies do is once the old leaves or gets VSS, they restructure their company with more automation, removing more jobs along the way. Hence the supply of jobs reduce as less people need to do the same thing.

theres a move a few years back that caused wide spread banking VSS, its to remove the clerical side of things to eletronic/digital, so a whole department of paper pushers, now gets replaced by just a team of tech geeks.

even my supplier does this these days, instead of a storehouse they built to go, which means you dont need to hire store keepers, inventory managers, and vice versa
*
The problem also compounded by kids these days expecting a cushy desk job that they see their father had. During the boomer years, you do whatever you have to do to put food on the table. I have worked front line jobs, door to door selling, out in the sun, in the construction site etc... but my kid see me today behind a desk with a nice plushy chair.
SUSLiamness
post Jan 30 2020, 12:44 PM

Casual
***
Junior Member
445 posts

Joined: Aug 2018
QUOTE(TheBornLoser @ Jan 30 2020, 12:24 PM)

Because life could have been a lot crap, and in many more ways. And I am not sure I am mentally strong enough to withstand THAT type of crap.
*
Which is my point too.. if your parents were doing the same crap today, they wouldn't be able to withstand it..

Those people born in crap, are looking to get out of that crap. For them, it is either get out of crap or die. They have no choice.

But let's say reverse 100 years ago.. What would working in crap look like? Probably nothing unusual.. just another day of life, but you'd live ok.. Maybe because everyone else was in crap 100 years ago..

The boomer parents time was far easier.. period. If you wanted to live in crap, you could get along. Unlike today.. that is a death sentence.

And if your boomer parents aspired for more and worked hard for it, they would be rich by now. Not so easy for us kids today to do the same. Aspirations and working hard isn't just enough.. that other kid is also doing the same, so you got to beat your competition everyday for the rest of your life just to get to the same spot as your parents did.

8 Pages « < 4 5 6 7 8 >Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0232sec    0.29    5 queries    GZIP Disabled
Time is now: 10th December 2025 - 11:31 AM