What Are Your Expectations About Earning, Saving and Spending Money?

Compared to when our parents grew up, technological advancements and quality of life have soared. As a result, the level of expectations and competition has risen as well. Kindergarteners are learning material that our parents were taught in second grade. It is vital as a high school senior to have a plan. The world does expect more of the younger generation, because we expect to get more out of the world, whether it's money or experiences. Doyne blames frivolousness for the financial shift away from houses, and that is partially true. There are more things to spend money on compared to 50 years ago, which can lead to more poor choices. However, it is also true that the lifestyle and habits of people has changed. Right now, the age that people are getting married and having kids is older than before. Therefore, there might not be as many young people looking to buy a house and settle down because there is no need to. In the past, women were not given equal rights in the workplace and struggled to be financially independent. Sometimes, the only way a woman could ensure that she had a roof over her head and money coming through the door was to get married. Now, women are more involved in jobs than their predecessors, and can afford to eat fancy meals and travel the world, which the older generation didn't get to do. While I don't endorse all decisions millennials make, I don't think that their priorities are necessarily better or worse: they're just different.

I definitely agree that the expectations of younger people are very, very high. The goals and lifestyles that are praised on social media are completely different than what older generations expect us to be. Because millennials have different values and are following a different path it doesn't mean that they are failing. Maybe millennials are not buying houses because, here's a thought, they don't want too! Since when was success measured in owning a house? If people want to rent an apartment and indulge on avocado toast why is that a problem? Personally I think that going on a trip to europe and seeing the world is more valuable than signing a title to a home. Both activities take an extreme amount of work but one won't leave you mortgage.

Today we live modern world and it can affect today’s generation. Our society encourages us to not to save but to we follow high demanding expectation. For example, youths today invest lots of money on new brand name shoes and new technological gadgets. Today young generation spends more money than earning because their expectations are very different the past generation. Past generation did not have a distraction like today and they focused for future. We need to focus our future cut of our unnecessary spending and invest that money for the better thing. I believe today’s young generation should save the money they earn for more important things. In my generation, we didn’t have phones or any other electronics to spent money on. Youth’s these days are spoiled due to the technology.

I do agree with the fact that today's young generation's expectations are pretty high. Which is also because many young people are lazy. They see and believe in hard work but struggle do commit to it for long terms, many want short term successes and easy results. Eating out, yummy food every night makes you feel better even when you know you can't afford the real necessities. I know my daughter loves to eat takeout, though the food at home is just as good, takeout only looks better and feels better because your with friends, or whoever outside of the confinements of your home. There's more reasons --than just buying expensive food-- as to why fewer people own homes today. Things like clothing, entertainment etc. They rather spend their money on things they can get right away, without much work, while still satisfying their "needs."

I think our expectations are how we are raised and social classes. I was raised with in mind that saving money is important in life because you do not know what will happen to you in the future. I think everyone has to think how to spent money because now there is too many trend in the society and people are spending unnecessary money.

I think the society in which we living actually affect mostly the new generation when it’s come to spend money with exaggeration. There are a lot of differences from people of the past and our generation. We are more spenders and the development of the technology constitutes a barrier for us. Some company through their excessive commercialization like Apple, Android, Samsung, Jordan and even restaurants don’t give our generation any chance to face to that foolishness. It’s like a competition between each other to prove which one is the best. Therefore, all those facts push our new generation to spend more money than saving. Moreover, a lot of traditions we used to have in the past are gone when it’s come to date a woman, celebrate a traditional party, or planning on vacation. People in the past received a stricter education when it’s come to think about the future, saving money, and built a family. I think that the development of the technology is the main reason that pushes our generation to be different from the previous one

I think that the different between my generation and my parents’ generation with respect the money is my generation only think about the present .For this reason sometime the adolescent when they work only think about spend money in party or material things; but all this it is depends on the upbringing that the adolescent receive because this no happen when the teenager have a good example by their parents.

AS WE ALL KNOW, THE ECONOMIC SITUATION IN WHICH WE LIVE IS LEADING US ALL TO MAKE CERTAIN ADJUSTMENTS IN OUR DAILY LIVES. BUT IN WHAT WE SET US IT IS HOW TO SPEND OUR MONEY IN THINGS THAT WE DO NOT OCCUPY SINCE OF THINK THAT WE CAN SPEND IT IN THINGS NECESSARY BY EXAMPLE LIKE A UNIVERSITY.

My expectations about earning, saving, and spending money depend how much money I earn?, how is my family?, and which country I came from? Earning money depends on your education, jobs, and salaries. The more you earn money the most you can save and spend money. Saving money it’s a little hard to do, but it’s one you can have as a gain for the future to buy what you want, house for example. Sending money rests on your responsibilities, your children, wife, husband, and other family you support in your country if you have. In my opinion, expectation depends on your age because young people think and act differently from adult people. My expectations for the future are how to manage my life to get some benefit after sending money and save the rest for my old age.

My expectations about earning, saving, and spending money depend how much money I earn, how is your family? and which country I came from? Earning money depends on your education, jobs, and salaries. The more you earn the most you can save and spend money. Saving money it’s a little hard to do, but it’s one you can have as a gain for the future to buy what you want, house for example. Sending money rests on your responsibilities, your children, wife, husband, and other family you support in your country if you have. In my opinion, our expectation depends on your age because young people think and act differently from adult people. My expectations for the future are how to manage my life to get some benefit after sending, saving the rest for my old age.

Our expectations in all likelihood are mere indicators of the class and lifestyle with which we grew up. My recollections were of costly Whole Foods trips, but also of budgeting out for vacations. In my burgeoning adult existence, I'm sort of living in that vein, though reduced proportionally given my income. I guess the "allocation mix" remains similar. That being said, I was faced with a tough job market, armed only with a college degree- something that in our parents' generation would have garnered acceptance into many a firm, today is the resume equivalent of proficiency in Microsoft Word. We compete like animals for jobs, both those requiring specialized skills and those that do not. At every echelon, competition for wages that give us very little purchasing power, given the high cost of living, is rampant.

I think expectations have changed in terms of what sort of place you are willing to live, location-wise. I grew up in a non-descript suburban development, far from any hip city. My siblings and most of our classmates, on the other hand, first moved to major cities since that were the jobs were, but then fell in love with the hip urban culture. It's hard to leave that. We're particular about which neighborhoods to live in, as we want short commutes and access to a lot of amenities. My parents don't understand why we don't live in cheaper cost of living areas.
Luckily for me, my siblings, and some of my friends, we can afford to be picky. We accept that we will pay a lot of $$ to live in small apartments or homes, but we are willing to accept that. However, some of my friends can't afford it so easily. Moving away means giving up friendships, jobs, communities they've built over the years, but also part of their place-based identity. But the only way they can afford to buy would be to move.
It's a first-world problem for sure. But I understand why it's a tough decision. I just wish everyone accepted that it's a choice they are making, not one that is necessarily being imposed upon them. There are many many inexpensive areas to live if home ownership is a top priority.

People aged 25 to 34 are more likely to be working full-time than those in the 55 to 64 age bracket, and less likely to have a spouse at home who can make meals. They're also more likely to be dating and socializing with friends out of the house rather than spending time with the family inside of the house. All of this adds up to eating out a bit more than older generations (but not that much more, as the data indicates).

To the extent that younger people are spending money on frivolous items like overpriced brunch - I think a lot of this probably occurs because many Millennials feel it is a futile to forgo small daily pleasures when the bigger purchases will remain out of reach no matter how austerely they choose to live. You'd have to skip about five thousand $4 coffees to save up $20,000 for a down payment, or skip 125 coffees/month to cover a $500 student loan payment - so what's the point?

There are a variety of reasons Millenials aren't buying homes. Significant student loan debt puts a huge burden on a lot of millenials, but also many millenials are taking a little longer to find "home". We're moving more, and in my experience a lot of us want to wait until we know we will be in one city for over 3-5 years before investing in real estate. Also- it's been drilled into us how unattainable buying a house has become- so you kind of resign yourself to not being able to buy a house for a significant period of time even when you can afford it.

In business, they use the image of buying lipstick—when you can’t afford the big things, you indulge in buying trifles instead.