Comments on: 3 Ways Millennials are Financially Subsidizing Older Generations

By: Andrew@LivingRichCheaply

Andrew@LivingRichCheaply — Tue, 06 Jun 2017 14:14:41 +0000

Great post. I’ve seen a lot of negative articles criticizing millennials and it’s often unwarranted. I think many of the older generations do not understand the struggles of the current generation. Student loan debt? “I worked my way through college to pay for it!” Sure…but tuition was a fraction of the cost! “I took an entry level job and worked my way up” Okay, the economy was booming back then and jobs were plentiful.
I work in government and have a pension as well as many benefits. I am lucky. But the older employees have even better benefits which they get to keep while they just slowly decrease the benefits for younger employees. The older employees fight tooth and nail to keep their gold plated benefits even when that fight probably has a negative result on the younger employees benefits.

By: David Carlson

David Carlson — Tue, 06 Jun 2017 01:25:01 +0000

In reply to Kalie @ Pretend to Be Poor. Agreed. For some reason there are people who love to talk down on the millennial generation and have a very negative view on them. I think the three things I mentioned are three huge problems that older generations simply have punted to millennials (and beyond), and we are talking billions and billions of dollars.

By: Kalie @ Pretend to Be Poor

Kalie @ Pretend to Be Poor — Mon, 05 Jun 2017 12:56:31 +0000

Insightful analysis, DC. I hadn’t thought about the future higher balances of HSAs being used to justify more weight of financial responsibility being placed on the patient/consumer.

I also get a bit bristly when people tear into millennials for not knowing how to work hard. But I think we have to admit–whether characterizations are accurate or not–that speaking about generational trends requires “over-generalizing” almost by definition. That said, there’s no reason to get nasty or too one-sided about it.