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8 things Millennials and Gen Z think are essential but boomers know are a waste of money

Posted by 9879528@reddit | Xennials | View on Reddit | 13 comments

This gap can be chalked up to different priorities – Millennials and Gen Z valuing convenience and experiences, Boomers prizing thriftiness and practicality.

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13 Comments

Into-the-stream@reddit

This right here is why people don’t like boomers. 1. We used to spend a fortune on CDs/records. I spend less on music streaming than I would on CDs. Buying music is a waste of money 2. My boomer mom pays $120/mo on cable. I pay $40 on streaming services like Netflix. She is the one wasting money. 3. A $10 t shirt you wear once and gets destroyed in the wash, costs you $10 per wear. A $30 t shirt that you keep and wear regularly for a year costs you less than $1 per wear. Cheap clothes are a waste. 4. A gym membership is again, paying more upfront but pays off in the long run. Enjoy your burgeoning healthcare costs and crippling retirement, boomer. And jfc, it’s just the unreal judgmental bullshit in this article. I know I’m giving it right back in this comment, but I’m just reacting to the general bitchyness here. Let. People. Live. Their. Lives. Boomers enjoyed unprecedented prosperity and opportunity. No matter how many subscription services these generations sacrifice, they are facing a life without affordable housing or retirement. And you want to strip them of what small pleasures and boys they CAN find in life? And the ones you are most focused on is your own kids?  “Sorry kids, no joy for you. Instead save these meager pennies in a futile attempt at a life that came very easy to me, but even if you sat in a basement eating nothing but ramen for the next 40 years will be forever out of your reach because my generation prioritized itself over its children. lol k bye!” It’s easy to look at their behaviour that’s different, and blame the gap in their opportunities from what you had on these differences (like phones and subscriptions). It is much harder to fully understand the opportunity gap is systemic and the subscriptions and phones are self medicating and in no way does that reallocated money close that gap. Not even a little.
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MuffinMatrix@reddit

Streaming music is stupid in every way. (ok except one, it is easier to find new stuff using it). But with the way all streaming works (video and music), its up to them whats in their library. You don't own anything, its not permanent. Thats stupid. All the cds I've purchased are still here, even when digitized. My music collection is mine, I'll never suddenly have chunks of it removed.
View on Reddit #55088808

TheDarkAbove@reddit

I paid $100 for a hoodie and I'm sure they would scoff at that but I have now officially worn it regularly for a decade.
View on Reddit #55085443

Into-the-stream@reddit

Probably the cheapest hoodie you’ll ever own too (in terms of cost per use). 
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MuffinMatrix@reddit

Shit article. 2. most things are subscription now, its how many companies are forcing their products, it sucks but a lot of the time its not a choice. 3. modern phones do last a while , but on the other hand, companies are forcing obsolescence, you sometimes have no choice. I loved my LG V50, but they stopped supporting it on the network, so had to get new one. 5. seriously??? Boomers have money, they can spend the rest of their life traveling for leisure. Newer generations could probably save a bit there, but boomers aren't the ones to talk about it. 7. Boomers have time. A lot of others don't. Have to work more hours, making harder to always find time to shop, prepare, and cook. And with how prevalent delivery services are now, its very different than 20+ years ago. Also... lot of newer generations just haven't learned, or don't bother learning to cook.
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DrewBaron80@reddit

The article is funny to me because my parents do more of the things on the list than I do, especially eating at restaurants, electronics, and TV services. We go to a restaurant maybe once a month while my parents go at least once a week. My wife and I use our phones for as long as possible while my parents get new ones every year. My parents pay for cable AND Netflix. We only pay for Spotify (one account). Furthermore, my parents do frustrating stuff like spend $20 on a fruit platter that contains about $3 worth of food when we visit, whereas we would of course make our own snack trays when we have company, which are much better anyway.
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Significant_Dog412@reddit

At least a couple of these are just things that your average boomer has naturally aged out of caring about. In their own younger days, they were as obsessed with upgrading to the latest model gadgets/appliances/cars, and designer clothes as they claim us young folk are about our gadgets and designer clothes. Keeping up with the Joneses and all that. Plus surely listing "gadgets" and "smartphones" as the writer has done here is just cheating, they're making the same point twice.
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icy_sylph@reddit

Generation bashing is against the sub rules, FYI
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lordnecro@reddit

I find this highly suspect. I would need actual datasets. A lot of this I doubt has anything to do with priorities. Most of the spending is likely just age-related. Elderly and young with less money will spend less.
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boogs34@reddit

there is no data- it's click bait
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lucidguppy@reddit

Son: signs up for three music services Mother: all music services are a waste of money. You know what a waste of money is? Buying the same music on tape, vinyl, and CD. Then scratching your CDs. Or wasting your precious time on shit radio. I'd rather have all the music in the world I could ever want thank you very much.
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SalukiKnightX@reddit

I get the idea of physical media, same reason why I get 4K and BR versions of movies. Found just how valuable they’ve become.
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420medicineman@reddit

Okay boomer. Yet another one born on third base and bragging they hit a triple. Yet ANOTHER boomer who thinks today's economic problems are just Starbucks and avocado toast. Tired, lazy, rehashed nonsense.
View on Reddit #55083811