The Millenial Frivolity Myth

by hedy on October 14, 2010

I was poking around some budget education websites today, and came across Mind Your Finances.  Under the page entitled “Resist the Urge to Splurge,”  I found an anecdote that made me want to scream and laugh.  Go ahead, read the story about “Janelle.”  Doesn’t that feel like something you’d get in an e-mail forward?  I was pretty darn peeved that whoever wrote that article has such a low opinion of those who need help budgeting that they would be that stupid.

I was still seeting when I got an e-mail from Kimberly Palmer listing 5 Myths About Generation Debt.  Number 3 is “We waste our money on frivolous purchases.”  Ding, ding ding!  I’m really glad that Ms. Palmer brought this out into the open, and hope more people realize that millenials/members of Generation Debt are not THAT stupid about money.

What do you think?  What are your impressions of this myth?
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Personal Finance Buzz
October 14, 2010 at 7:35 pm

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Aleksie October 14, 2010 at 9:33 pm

I have seen a bit of everything when it comes to our generation and finances. I’d say that you and I are pretty responsible about our finances. Others are also insanely knowledgeable and responsible about their finances.

However, I can think of some young folks who are pretty irresponsible with their money WRT job searching and spending on frivolous things. Though, I don’t think the financial habits are that unique to people of our generation.

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