Millennials just want to have fun - who can blame them?

PUBLISHED: 12:13 10 May 2018

Millennials are just having fun while the previous generation is still paying off their mortgages...

Millennials are just having fun while the previous generation is still paying off their mortgages...


Millennials may not have the economic stability of previous generations - but I bet they have a lot more fun, says Rachel Moore.

Both my sons are what economists call “Millennial.” Born in the 90s, they are the first generation predicted not to have the life chances we had, in terms of earnings, owning a home, pensions and stability.

This is translated to mean they will be worse off. Worse off financially, perhaps, but is acquiring and owning stuff what really makes people better or worse off?

Their generation has a different outlook. They’ve had far more materially already than we ever did. Experiences are what they value.

They don’t want to be shackled to a dull job for life from the age of 20, staying in one area and bringing up a family with a mortgage burden. Many are even ruling out having children, keen to travel, work abroad and see nothing wrong with renting a home.

Their working life will be long, so why start it early when there’s a world and their youth to enjoy?

The Resolution Foundation Intergenerational Commission warned this week of a social breakdown between young and old, but the aspirations of generations are different.

I envy the carefree broad horizons of younger people who want to do different and embark on adventures and opportunities few of my generation could dream of, when finding a career for life was paramount.

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