Why don't millenials just pay back their debts?

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Anonymous Mon Jul 8 18:46:29 2019 No.14667240 [Reply] [Original]

Why don't millenials just pay back their debts?

>>	Anonymous Mon Jul 8 18:51:28 2019 No.14667350 >>14667240 In everyday life I see my peers with nice clothing, going on trips, etc. Then I see the stats and realize everyone is larping. Sigh

>>	brap.me/niggers Mon Jul 8 18:53:42 2019 No.14667371 File: 21 KB, 420x420, 1562263397806.jpg [View same] [iqdb] [saucenao] [google] >>14667240 >average networth of a 22 y/o is $40k in debt >I have a crypto portfolio worth $40k and 0 debt Guess I'm ahead of the curve, eh?

>>	Anonymous Mon Jul 8 18:53:57 2019 No.14667384 >>14667240 Was their net worth calculated as soon as they graduated?

>>	Anonymous Mon Jul 8 18:54:17 2019 No.14667398 >36 >Class of 2003 I'm 36 and graduated in 2000. Anyway glad to see I'm not a poorfag like my cohorts. T. $515,000 net worth.

>>	Anonymous Mon Jul 8 18:57:11 2019 No.14667455 >>14667398 This. T. 40 year old with NW of 1.8mil.

>>	Anonymous Mon Jul 8 18:57:23 2019 No.14667459 >>14667240 They have more debt. A significant amount more.

>>	Anonymous Mon Jul 8 18:58:13 2019 No.14667478 >>14667455 >>14667398 boomers like you are too old for this board, fuck off

>>	Anonymous Mon Jul 8 18:59:47 2019 No.14667501 File: 8 KB, 250x250, 1551080978165.jpg [View same] [iqdb] [saucenao] [google] >>14667240 >mfw 26 and worth $200k+ stay poor losers

>>	Anonymous Mon Jul 8 19:00:45 2019 No.14667523 File: 563 KB, 1080x1920, Screenshot_2019-07-08-18-59-42.png [View same] [iqdb] [saucenao] [google] >>14667240 Quit your complaining, you don't know how good you have it.

>>	Anonymous Mon Jul 8 19:04:17 2019 No.14667593 File: 88 KB, 544x483, 1516154265380.jpg [View same] [iqdb] [saucenao] [google] >>14667240 >mfw living in a third world country >mfw 24 >mfw I have a 25k net worth So I have more money than the average 36 year old in the US? how is this possible?

>>	Anonymous Mon Jul 8 19:13:13 2019 No.14667749 >>14667593 Is your country ruled by Jews like America is? >>14667478 Stop spending your money on Starbucks and the iTunes and maybe you can afford to buy my house someday you young punk.

>>	Anonymous Mon Jul 8 19:14:09 2019 No.14667761 >>14667350 >Then I see the stats and realize everyone is larping. Sigh It actually makes me feel better about being a 12 dollar an hour wageslave

>>	Anonymous Mon Jul 8 19:14:46 2019 No.14667771 >>14667478 kys zoomer

>>	Anonymous Mon Jul 8 19:24:20 2019 No.14667959 Hilarious. Young street shitter here in LA closing in on a million.

Anonymous Mon Jul 8 19:27:24 2019 No.14668027

>>14667761
Well I'm a NEET with a guaranteed income and 50k LINK who accumulated over the course of 2 years. My clothing has holes in it, and I'm so used to stacking money that I forget to treat myself to anything.

Basically this makes me feel better about not having "experiences". I'm not tryna stay at a fucking hostel in Thailand kek. I'll travel later on.

Delayed gratification is better long term, but it fucking sucks to see you miss out on things RIGHT NOW.

Anonymous Mon Jul 8 19:31:01 2019 No.14668092
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>>14667240
>wanting everyone to pay back debts
Lol no. At this rate any moron without debt making at least minimum wage that knows how to save/invest can effectively be a multimillionaire relative to their peers in 2050. Everyone under 30 is going to let their debt compound and every year theres going to be a growing caste of debt slaves. Imagine a world where you can have SJW college students picking cotton for $5 a day while you blast anime music nonstop from the porch because their debt is THAT severe and they ignored paying it back for THAT long.

>>	Anonymous Mon Jul 8 19:41:14 2019 No.14668304 File: 710 KB, 737x861, SpaceFroge.png [View same] [iqdb] [saucenao] [google] >>14668092 based

>>	Anonymous Mon Jul 8 19:43:31 2019 No.14668346 File: 134 KB, 1440x1440, 1550679532790.jpg [View same] [iqdb] [saucenao] [google] >>14667240 wall streets gonna pay it off for us

Anonymous Mon Jul 8 19:44:00 2019 No.14668357

>>14667350
That's not larping, that's buying on credit. They'll blow $100k in student loans on clothing, expensive food, clubs, etc, and when the next Democrat gets into office, it will all be forgiven. The virgin fiscal conservative vs the chad high-rolling debtor.

>>	Anonymous Mon Jul 8 19:47:52 2019 No.14668417 >>14667240 They don't have any money.

>>	Anonymous Mon Jul 8 19:49:20 2019 No.14668440 Most people live off debt, so it's no suprise they are poor but dress well.

>>	Anonymous Mon Jul 8 19:49:57 2019 No.14668451 File: 138 KB, 750x676, 1532449334283.jpg [View same] [iqdb] [saucenao] [google] >>14668092 >>14668304 Kike pilled. KYS

>>	Anonymous Mon Jul 8 19:52:05 2019 No.14668496 Reminder that half of Millennials are either Hispanic or Black, making any "average" or "median" statistics meaningless.

>>	Anonymous Mon Jul 8 19:53:52 2019 No.14668525 >>14668357 I promise you that the cost of living portion you get isn’t as big as you think it is

>>	Anonymous Mon Jul 8 19:58:55 2019 No.14668602 >>14668496 Lol imagine being this obsessed

>>	Anonymous Mon Jul 8 20:00:54 2019 No.14668636 Mine is about -$30k including student loans. I make $71k a year though. Oh well, fuck the kikes who started FAFSA and college price inflation.

>>	Anonymous Mon Jul 8 20:01:20 2019 No.14668641 >>14667240 Kek. Imagine having to pay for college. I'm going to have a nice comfy 50k when I'm done my major, and that's without accounting for any crypto gains.

>>	Anonymous Mon Jul 8 20:02:23 2019 No.14668660 >>14668602 Obsessed about what? Juan or Tyrese flailing around in five figure debt are a problem for them, not the generation as a whole.

Anonymous Mon Jul 8 20:02:52 2019 No.14668667
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>>14668496
This. Hispanics and blacks are making the debt not seem as severe as it really is. We need to reweight the stats to account for all the middle class white baristas that have art degrees and discount all the minorities that didnt get accepted and went on to do hoodrat shit like vacationing in jail. Those bastards never got the chance to accumulate debt.

>>	Anonymous Mon Jul 8 20:03:59 2019 No.14668687 >>14668636 same, currently living at home and aggressively investing and making huge payments.

>>	Anonymous Mon Jul 8 20:04:50 2019 No.14668699 >>14668660 >>14668667 See>>14668636

>>	Anonymous Mon Jul 8 20:04:56 2019 No.14668702 File: 129 KB, 640x1136, 2D312BA0-B695-4EC2-A436-7AB43CD5BB9E.jpg [View same] [iqdb] [saucenao] [google] >>14668602

>>	Anonymous Mon Jul 8 20:07:00 2019 No.14668726 >>14668702 How many of them received help from their wealthy fathers, grandfathers, etc I thought for a board full of nerds you would realize that “>muh stutistikz” doesn’t always tell the full picture Retards

Anonymous Mon Jul 8 20:07:17 2019 No.14668730

>>14668660
Lmao what debt? College? Mortgage? Investments? Something else they'd statistically have never have gotten approved for in the first place? Believe it or not Juan and Tyrese aren't the ones with the five figure debts. Its actually your local art hoe Starbucks girl.

>>	brap.me/niggers Mon Jul 8 20:07:36 2019 No.14668736 File: 27 KB, 450x200, 1562513765222.jpg [View same] [iqdb] [saucenao] [google] >>14668702 paying back debts is racisss, where dem reparation munnys at

Anonymous Mon Jul 8 20:09:55 2019 No.14668775
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>>14667350
Only my successful friends are travelling... the ones with incredible inheritances or jobs in aerospace engineering.

Everyone else is being cucked by the boomers.

>>14668726
>Statistics are biased tools that have very little practical use without a full exploration of the methodology and external factors
Shocker. More news at 11.

Now here's a statistic that has some real predictive power.

>>	Anonymous Mon Jul 8 20:25:03 2019 No.14669054 >>14668702 I made a profit going to college.

>>	Anonymous Mon Jul 8 20:27:37 2019 No.14669109 >>14667350 Or survivorship bias. Only those who have money will be spreading their business in your cuckbook feed/instasnap

>>	Anonymous Mon Jul 8 20:57:45 2019 No.14669615 File: 103 KB, 1476x814, Student Loan Debt vs First Year Income.jpg [View same] [iqdb] [saucenao] [google] >>14668667 >>14668699 >>14668730 Notice the 92% is the barista demographic. Sauce: https://www.valuepenguin.com/average-student-loan-debt

Anonymous Mon Jul 8 21:22:06 2019 No.14670038
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>>14667240
Damn the average net worth for a 30 year old is -$1,989?? I don't feel like such a loser anymore with a 50k net worth. I bankrupted myself 2 years ago making a bad margin trade on Poloniex too.

>>	Anonymous Mon Jul 8 22:17:04 2019 No.14670986 File: 11 KB, 633x773, 1555891810880.gif [View same] [iqdb] [saucenao] [google] >>14668451 >muh media market manipulation >what is printing two versions of the same paper after events in the day unfold >muh jews How does it feel to be a brainlet?

>>	Anonymous Mon Jul 8 22:28:40 2019 No.14671161 >>14669615 >student debt percentage of first year income You understand what you just posted, right? And how this doesnt speak to share of the overall debt?

>>	Anonymous Mon Jul 8 22:30:47 2019 No.14671197 >>14670986 cringe and JIDF-pilled

Anonymous Mon Jul 8 22:40:23 2019 No.14671333

>>14671161
The question is whether you understand it.

All the bitching and moaning comes from the 100%'s, not the 70%'s.

As the years pass, within each graduating class there are statistically more of the former group and fewer of the latter. So there will be more bitching

But responsible people should only care about the latter and for them student loans continue to be an annoyance, not a problem.

>>	Anonymous Mon Jul 8 22:43:37 2019 No.14671376 >class of 2012 >27 but I'm 25

>>	Anonymous Mon Jul 8 22:46:45 2019 No.14671418 File: 26 KB, 450x450, 1560713702205.jpg [View same] [iqdb] [saucenao] [google] >I have -30000% the net worth of my peers >and that's a good thing

>>	Anonymous Mon Jul 8 22:47:47 2019 No.14671437 >>14671376 Yeah same whoever made this chart is retarded.

>>	Anonymous Mon Jul 8 22:49:48 2019 No.14671467 >>14667240 LOL, I have a higher net worth than the average 32 Y/O, and I'm only 18. And I thought I was a poor fag.

>>	Anonymous Mon Jul 8 22:50:34 2019 No.14671482 File: 68 KB, 753x1005, tomoffinlandlosangeleshouse13.jpg [View same] [iqdb] [saucenao] [google] ADA Cardano for the long hold

>>	Anonymous Mon Jul 8 22:50:53 2019 No.14671489 >>14667350 People blow money they don’t have on all of those plus more. They don’t care, they want to experience life. Sometimes I think I should to the same thing since I’m 24yo and miserable with no real life experience.

>>	Anonymous Mon Jul 8 22:51:27 2019 No.14671496 They can't. The economy doesn't allow them to. It's too broken by greed.

>>	Anonymous Mon Jul 8 22:52:51 2019 No.14671527 >>14667478 We fucking made this board dummy. Now go buy some more of my pumps

>>	Anonymous Mon Jul 8 22:54:11 2019 No.14671545 Because some of them are smart enough to put all of their student loan money on BTC right now. See you in lambo land, faggots

>>	Anonymous Mon Jul 8 22:59:04 2019 No.14671612 File: 143 KB, 1009x832, lulz.png [View same] [iqdb] [saucenao] [google] tfw im 23 and have no uni debt feelsgoodman

>>	Anonymous Mon Jul 8 23:00:30 2019 No.14671635 >>14667959 Why are Indian dudes always so forward, so skeevy

>>	Anonymous Mon Jul 8 23:01:01 2019 No.14671639 >>14671467 you are a poor fag lol, 6k net worth is suicide fuel desu

>>	Anonymous Mon Jul 8 23:06:09 2019 No.14671727 >>14667371 If you had a nonmeme college degree also then yes, you would

>>	Anonymous Mon Jul 8 23:48:18 2019 No.14672355 >>14668027 Agreed 100% almost same scenario for me with ~8k a month income and 66k chainlink. I'm better off than 98% of the people I went to high school with, but I did go to highschool in one of the most affluent places in the country.

>>	Anonymous Mon Jul 8 23:51:32 2019 No.14672396 >>14667478 We are legion, faggot Keep investing in shit coins tho, wasting your money and being poor, we need someone to work in fast food

>>	Anonymous Mon Jul 8 23:51:51 2019 No.14672400 >>14670038 you should still feel like a loser

>>	Anonymous Mon Jul 8 23:52:54 2019 No.14672412 >>14668636 You'll get out debt bro, Google Dave Ramsey

>>	Anonymous Tue Jul 9 00:11:06 2019 No.14672656 >>14667478 lurk more

>>	Anonymous Tue Jul 9 00:15:46 2019 No.14672714 >>14671489 “Experiencing life” is a Jew meme. Find a nice girl and start a family.

Anonymous Tue Jul 9 00:22:46 2019 No.14672820

>>14668092

This is scary close to the truth.

t. 32yo boomer helping his zoomer friends with financial advice and seeing they were around 30k in student debt but with the repayment plans they were on they were on pace to pay back almost 80k

Legit, one of their monthly payments was $380, and only $60 of it went towards the principal. It's almost criminal

>>	Anonymous Tue Jul 9 00:26:40 2019 No.14672867 >>14667240 Class of 2012 here +10000, 15000 line of credit, credit score of 825.

Anonymous Tue Jul 9 00:33:14 2019 No.14672944
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>tfw dropped out of community college without any debt
>got a cool job anyway working remotely so I can travel anywhere I want at any time I want
>$81k of crypto and $21k in USD
>31 year old boomer
>Don't feel successful but when I read the stats I'm both shocked and amused at how shitty my generation is doing and know that I'm gonna eventually be upper class just due to the comparative nature of things

>>	Anonymous Tue Jul 9 00:33:37 2019 No.14672951 File: 31 KB, 400x400, Fs0QQaH7_400x400.jpg [View same] [iqdb] [saucenao] [google] >>14667240 Why when the state can wipe the debt off our asses. >pay your fair share

>>	Anonymous Tue Jul 9 00:38:36 2019 No.14673005 >>14667478 Kys zoomer >>14667398 >>14667455 What shitcoins are in your portfolios frens?

>>	Anonymous Tue Jul 9 00:40:26 2019 No.14673027 >>14667771 Imagine only adding $3k-$5k to your networth every year. Massive fucking yikes there. Between loans, 401k and crypto I'm putting like $18k away a year and even that feels like way too little

>>	Anonymous Tue Jul 9 00:42:48 2019 No.14673060 >>14668092 This made me laugh. Thanks anon. Very true what you said though. >>14672820 Yeah, never make the minimum payments on student loans.

>>	Anonymous Tue Jul 9 00:42:48 2019 No.14673061 >>14673027 Actually employer contribution puts that over $20k. Still destined to be poor forever unless crypto moons again

>>	Anonymous Tue Jul 9 01:40:18 2019 No.14673852 File: 51 KB, 499x500, 1513946445201.jpg [View same] [iqdb] [saucenao] [google] >>14672944 You're doing good anon.

>>	Anonymous Tue Jul 9 01:43:14 2019 No.14673898 >>14667240 They would rather vote for communism and completely destroy the country, as long as their debts are forgiven. It is going to work, too.

>>	Anonymous Tue Jul 9 02:00:53 2019 No.14674187 >>14667240 They are very stupid

>>	Anonymous Tue Jul 9 02:34:59 2019 No.14674641 File: 278 KB, 1500x1000, fed-meme-01-copy2.jpg [View same] [iqdb] [saucenao] [google] >>14673898 Your country was compromised in 1913 anon >believes crony capitalism doesn't exist

>>	Anonymous Tue Jul 9 02:41:08 2019 No.14674708 >>14672400 I'm sure I still make more than you do

>>	Anonymous Tue Jul 9 02:44:01 2019 No.14674740 >>14667478 look at this weak handed fuckin zoomer. 49 year old. Net worth is 2.2 MM. Thank you bitcoin and Turtle coin

>>	Anonymous Tue Jul 9 03:59:44 2019 No.14675577 >>14667593 Rent is 70-80% of income after taxes. Sometimes I don't eat to pay bills. College dropped program halfway through. All I do I work and hunger.

>>	Anonymous Tue Jul 9 04:01:55 2019 No.14675601 >>14675577 It's more like skipping meals but I have had to steal water and other unbelievable poverty level stuff.

>>	Anonymous Tue Jul 9 05:04:06 2019 No.14676208 >>14667593 what country fag?

>>	Anonymous Tue Jul 9 05:18:14 2019 No.14676340 >>14671727 in4 code monkey

>>	Anonymous Tue Jul 9 05:21:11 2019 No.14676368 Aren't most millennial's going to inherit their parents money anyway?

Anonymous Tue Jul 9 05:27:57 2019 No.14676431
File: 122 KB, 1426x1080, Screenshot_20190626-133820__01.jpg [View same] [iqdb] [saucenao] [google]

>29, with LE STEM M.Sc
>€69K Linux sysadmin, progressing to 85k within 3 years (standard enough for this region)
>Mortgagecucked with about 25k of equity, on good chunk of land in a city with high demand
>12k in savings, cash, crypto
>Zero denbts

A-am I gonna make it /biz/

>>	Anonymous Tue Jul 9 05:33:46 2019 No.14676480 >26 yo with 26k in LINK and virtually no debt. max comfy. In 2 years when I have my high school reunion and that 26k link is worth 26 million i'm gonna drive up in a mclaren and blow off all the bitches that thought they were hot shit in high school.

>>	Anonymous Tue Jul 9 06:07:55 2019 No.14676841 >>14676431 >Zero denbts >Mortgagecucked hmmm

Anonymous Tue Jul 9 06:14:30 2019 No.14676912

>>14676368
No, boomers have no savings. That's why they are sill working, not retiring.

>>14674641
Just because things are worse than they used to be, doesn't mean we should make far worse going forward.

>>14675577
>I live in a house/area I can't afford
>I chose a shit degree where I couldn't even transfer credits to another uni

>>14672951
Bernie should just allow student debt to be defaulted on. A much more sensible proposition.

>>	Anonymous Tue Jul 9 06:48:03 2019 No.14677338 >>14667761 Tell me about it, one of my friends who graduated with top grades and has a great job is saving up for a flat. He’s been working for five years and when we were drunk he let slip how much he’s saved up: 9k

>>	Anonymous Tue Jul 9 06:49:39 2019 No.14677357 >>14667240 Because they can't. As easy as that.

>>	Anonymous Tue Jul 9 07:22:50 2019 No.14677653 >larp thread >brings out all the larpers

>>	Anonymous Tue Jul 9 07:44:47 2019 No.14677881 >>14667240 How can millenial networth be just 20k at 36 years? Does that number only include bank account and no assets?

>>	Anonymous Tue Jul 9 07:51:27 2019 No.14677953 >>14668357 >hurr durr the problem is young people wasting student loan money on luxuries Kys boomer

>>	Anonymous Tue Jul 9 07:52:48 2019 No.14677968 >>14677881 >millennials have assets Kek

>>	Anonymous Tue Jul 9 07:53:56 2019 No.14677973 >27 >networth is few shit coins >neet and somehow I still have things better than mutts my age :DDDDD

>>	Anonymous Tue Jul 9 07:59:35 2019 No.14678043 >>14667749 Every country is ruled by jews I think. >>14676208 Chile.

Anonymous Tue Jul 9 08:09:11 2019 No.14678172

>>14668687
This is what I’ve had to do as well. Moved out and while having my own independence for years was nice, the longer I have these student loans, the worse things will be. Rather move back home for a few months and pay it off much faster than expected and finally put it behind me. The faster I do that, the faster I can start putting it towards other investments instead.

>>	Anonymous Tue Jul 9 08:11:49 2019 No.14678200 File: 76 KB, 1024x956, 1541365936903.jpg [View same] [iqdb] [saucenao] [google] >>14667478 Visiting from /v/?

>>	Anonymous Tue Jul 9 08:52:22 2019 No.14678655 >>14668636 You could pay that off in a year if you wanted to, but you spend your money on dumb shit I'm sure. No debt forgiveness for you zoomer fags. I bet you lease a car too.

>>	Anonymous Tue Jul 9 09:29:24 2019 No.14679178 >live in the promised land of free gibs >28k nw with no denbts at 22 Thank you communists

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