Millennials Going Into Debt To Combat FOMO


NO ONE CARES ABOUT THE POLITICAL ASPECT. MOM AND DAD ARE LIKE ONE DROP OFF, THANK YOU. DO YOU SUFFER FROM FOMO, THE FEAR OF MISSING OUT? APPARENTLY A LOT OF MILLENNIALS DO. 40% OF MILLENNIALS, PEOPLE AGES 22 TO 37 HAVE SPENT MONEY THEY DIDN’T HAVE AND GONE INTO DEBT TO KEEP UP WITH THEIR PEERS. I AM A MILLENNIAL. I TO THE THE — TOTALLY UNDERSTAND THIS BUT I DON’T THINK THE IDEA OF TRYING TO KEEP UP WITH YOUR FRIENDS, NEIGHBORS, JONES, I DON’T THINK THAT IS ANYTHING KNEW OR SPECIFIC TO MILLENNIALS. I DON’T THINK IT’S NEW. I THINK SOCIAL MEDIA PLAYS INTO THIS. YOU LITERALLY SEE HAD A PEOPLE ARE DOING AND YOU ARE NOT DOING AND YOU WANT TO BE A PART OF IT. I SEE WHY FOMO IS MORE OF A THING. LET’S NOT GET ALL THE MILLENNIALS CREDIT FOR COMING UP WITH THINGS THAT ARE STUPID. ED BOOMERS, YOU DID YOUR PART, TOO. FOR PREVIOUS GENERATIONS IT WAS ABOUT MAYBE YOUR HOUSE OR YOUR CLOTHING. CORRECT. FOR MILLENNIALS, WHAT IS DIFFERENT AND IT’S AWESOME, I WILL ADMIT TO HAVING A LITTLE ENVY OF THE WHOLE SITUATION, BUT IT’S THAT FRIEND GROUPS ARE DOING THESE AMAZING TRIPS OR DESTINATION EXPERIENCES. RIGHT. ALWAYS GOING TO HAPPY HOUR OR DINNER AND WHAT BECOMES CHALLENGING, SOME PEOPLE ARE MAKING, YOU KNOW, 20 TO $30,000 A YEAR AND SOME PEOPLE ARE MAKING 50 TO $70,000 A YEAR. AND SOME HAVE MOM AND DAD STILL PAYING FOR THEIR CELL PHONE BILL. SO YOU HAVE ALL OF THOSE — HOW DO YOU TELL — IT’S HARD TO TELL YOUR FRIENDS I CAN’T AFFORD IT, I CAN’T GO. MY FIRST GUT WAS I DON’T HAVE FOMO. I AM FINE WITH SOMEONE WANTS TO GO OUT TO DINNER OR A PARTY. THEN THINKING ABOUT IT, I HAD FRIENDS GO ON TRIPS THAT I KNEW I COULDN’T AFFORD TO GO ON AND IT’S LIKE OH, YEAH THAT IS KIND OF HARD. IT STINKS. WHAT IS THE FEAR, MATT. THAT YOU WILL NOT BE ASKED IN THE FUTURE, THAT YOUR FRIENDS WILL JUDGE YOU, THAT THEY WILL CAN YOU YOU OFF. WHILE WE WERE TALKING ABOUT THIS BEFOREHAND, I REALIZED THAT HAS HAPPENED TO ME. NOBODY ASKS ME ANY MORE. PART OF IT IS YOU ARE HAVING YOUNG KIDS. PAYING FOR DAY CARE. YOU SAY NO ENOUGH TIMES AND YOU DON’T GET INVITED ANY MORE. YOU WANT TO HAVE THOSE RELATIONSHIPS. I STILL WANT TO BE ASKED. I STILL WANT TO HAVE THE OPTION BUT, YEAH, YOU CAN QUICKLY FIND YOURSELF CUT OUT FROM YOUR FRIEND GROUP IF YOU DON’T SAY YES. MAYBE WE SHOULD BE HONEST AND SAY, HEY, I CAN’T AFFORD THAT. I HAD TO DO THIS WITH FRIENDS, TOO, WHERE THEY LIVE A LIFE STILL DIFFERENT THAN WE LIVE. YOU HAVE TO SAY, LIKE, I CAN’T. SORRY. WHAT IF I PAY FOR IT AND

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