Young people in their 20s don't understand how expensive everything is (paying, credit)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
My kids, who are in their 20s, don't think twice about spending $25 for lunch or $50 for dinner on a regular basis. If they go out to lunch they always have to get an appetizer, the main course, a desert and a few mixed drinks or beers. They don't think that is expensive or extravagant. That is just what all their friends spend.
Then if they go out to a bar on Saturday night, they don't think spending $50 on a cover charge and alcohol only is that unusual or extravagant. $12 drinks and a cover charge. That is what all their friends do.
Back when I was their age, we did not have access to credit cards and it was more painful to pull money out of our wallet, so we spent less, adjusted to inflation.
The younger generation is just use to spending lots of money with friends when they leave the house. Agree?
My kids, who are in their 20s, don't think twice about spending $25 for lunch or $50 for dinner on a regular basis. If they go out to lunch they always have to get an appetizer, the main course, a desert and a few mixed drinks or beers. They don't think that is expensive or extravagant. That is just what all their friends spend.
Then if they go out to a bar on Saturday night, they don't think spending $50 on a cover charge and alcohol only is that unusual or extravagant. $12 drinks and a cover charge. That is what all their friends do.
Back when I was their age, we did not have access to credit cards and it was more painful to pull money out of our wallet, so we spent less, adjusted to inflation.
The younger generation is just use to spending lots of money with friends when they leave the house. Agree?
No necessary. I have plenty of friends with their kids in the 20s and they certainly don't spend like the way you are describing.
The younger generation is just use to spending lots of money with friends when they leave the house. Agree?
I agree that that statement was also made by our parents' generation about us, and almost surely was made by their parents' generation about our parents. The mechanisms may have changed, but the relationship between the generations and the respective generations' perceptions of each other, haven't.
"Young people in their 20s don't understand how expensive everything is "
Plenty of them understand!
And because they are among those who understand, my kids spend nowhere near like your kids do.
And even YOUR kids know the expense... I mean, they ARE paying for it, right?
Why is this an issue for you?
I feel I have no say about how my kids spend their hard-earned cash.Do you feel differently?
"Young people in their 20s don't understand how expensive everything is "
Plenty of them understand!
And because they are among those who understand, my kids spend nowhere near like your kids do.
And even YOUR kids know the expense... I mean, they ARE paying for it, right?
Why is this an issue for you?
I feel I have no say about how my kids spend their hard-earned cash.Do you feel differently?
I care because I am their father and they always complain about being broke and ask for money now and then. When I try to give them advice they tell me all their friends spend that type of money when they go out and it is required to be part of the group.
Last edited by The Investor; 01-15-2015 at 07:04 AM..
These sound like kids who did not learn the proper value of money growing up, and as such do not have an appreciation for how to spend responsibly now.
As long as they are making their own money and spending their own money, and not getting any handouts from their parents, what they do with their money is their business. They're young and they'll learn, but only if mom & dad don't bail them out when they run out of money!
My kids, who are in their 20s, don't think twice about spending $25 for lunch or $50 for dinner on a regular basis. If they go out to lunch they always have to get an appetizer, the main course, a desert and a few mixed drinks or beers. They don't think that is expensive or extravagant. That is just what all their friends spend.
Then if they go out to a bar on Saturday night, they don't think spending $50 on a cover charge and alcohol only is that unusual or extravagant. $12 drinks and a cover charge. That is what all their friends do.
Back when I was their age, we did not have access to credit cards and it was more painful to pull money out of our wallet, so we spent less, adjusted to inflation.
The younger generation is just use to spending lots of money with friends when they leave the house. Agree?
Every generation has some big spenders, some frugalites, and lots of in-between'ers.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.