Comments on: It’s Simple: Millennials Want More Money! https://www.youngadultmoney.com/simple-millennials-want-more-money/ Make More. Save More. Live Better. Wed, 21 Sep 2016 07:12:11 +0000 hourly 1 https://wordpress.org/?v=6.6.2 By: Jef Miles https://www.youngadultmoney.com/simple-millennials-want-more-money/#comment-28334 Wed, 21 Sep 2016 07:12:11 +0000 http://www.youngadultmoney.com/?p=23191#comment-28334 In reply to David Carlson.

Agreed man and have seen a few of those projects in the works!
Exciting times :)

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By: David Carlson https://www.youngadultmoney.com/simple-millennials-want-more-money/#comment-28322 Tue, 20 Sep 2016 22:33:02 +0000 http://www.youngadultmoney.com/?p=23191#comment-28322 In reply to Jef Miles.

Haha you aren’t one of those annoying people at all! Thanks for the kind words. I like to write but I’m juggling a couple projects right now and really grateful for an understanding wife and some great contributors on the site.

I think there are some variables that come into play, but assuming all things equal and the employers are comparable (i.e. hours you will work, location, etc.) I think people will often take the higher pay even if it means leaving their company.

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By: Jef Miles https://www.youngadultmoney.com/simple-millennials-want-more-money/#comment-28306 Tue, 20 Sep 2016 03:06:54 +0000 http://www.youngadultmoney.com/?p=23191#comment-28306 Nice to see you back writing here DC! While all articles on the site are great I particularly enjoy yours ;)

In answer to your questions:
Do you think employers are clueless when it comes to millennials and compensation? I’d say not completely clueless although they could certainly be more flexible with i.e. reducing pay for reduced hours
Would you turn down a 20-40% raise to leave your current job situation for another employer? It would really depend for me, based on the hours, time to travel and type of work.. I suppose I’m one of those annoying people :P haha

Thanks for writing man!

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By: Josh https://www.youngadultmoney.com/simple-millennials-want-more-money/#comment-28302 Mon, 19 Sep 2016 20:51:28 +0000 http://www.youngadultmoney.com/?p=23191#comment-28302 I forget the exact stat I heard in high school but I think they said Millennials were estimated to change jobs 10 or 12 times during their working career. If you include my part-time high school jobs, I have had 4 different employers so far in 10 years.

We are also the most indebted generation to enter the workforce too (as talked about in the book Generation Debt). But we have a better quality of life than our predeccesors if you count technology, etc.

Money always talks. I think one fear is you need to climb the ladder or you get “pigeon-holed” and end up making the same salary your entire career if you stick with the same employer.

It’s a loaded answer & I think the challenge is finding the best of both worlds. We know we don’t need to work 3rd shift in a factory to feed a family, but not everybody can have a cushy 9-5 office job either.

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By: David Carlson https://www.youngadultmoney.com/simple-millennials-want-more-money/#comment-28281 Sun, 18 Sep 2016 20:19:55 +0000 http://www.youngadultmoney.com/?p=23191#comment-28281 In reply to Money Goody.

Oh yes I’m a HUGE #AskGaryVee fan and if you don’t believe me my wife will be happy to tell you how much I talk about it haha.

Yes I think we could both write extensively about this topic and that’s not a bad thing because I think it’s a really important one. Even jobs like corporate finance and accounting which require “on the job” learning, after a 3-5 years you are extremely well qualified for high paying jobs…but employers are always looking to save on employee costs so it’s tough to get what you deserve.

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By: David Carlson https://www.youngadultmoney.com/simple-millennials-want-more-money/#comment-28280 Sun, 18 Sep 2016 20:17:20 +0000 http://www.youngadultmoney.com/?p=23191#comment-28280 In reply to giulia.

It can be really tough when you factor in debt, the need to gain experience, etc. It seems like after a few years of gaining experience, though, most millennials are well-qualified for higher-paying roles.

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By: Money Goody https://www.youngadultmoney.com/simple-millennials-want-more-money/#comment-28273 Sat, 17 Sep 2016 22:51:00 +0000 http://www.youngadultmoney.com/?p=23191#comment-28273 Great post DC and extra cred for referencing the #AskGaryVee show! I think another overlooked aspect of wanting more money is that our generation is getting experience a lot quicker.

In the past, if you wanted to learn a skill you went to school, graduated and started at the bottom level of an organization and build up your skills. But the internet has made it super easy for anyone to learn almost any in-demand skill (mostly tech related stuff) without having to work for someone else to do it. By the time a millennial makes it into the “real world” they have experience so they end up being overqualified for entry level jobs but don’t the the formal experience some employers are looking for (i.e. working for another company). The end result is they’re underpaid, and don’t feel fulfilled.

I could go on about this topic for days haha. But anyways, awesome post on a great topic!

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