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Tag: Millennials

  • ‘I Am Not Prepared For Life’ – Millennials Blame Their Boomer Parents For Not Teaching Them How To Be Responsible Adults

    ‘I Am Not Prepared For Life’ – Millennials Blame Their Boomer Parents For Not Teaching Them How To Be Responsible Adults

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    A discussion on an online platform has unveiled a shared sentiment among millennials regarding their upbringing by baby boomer parents, specifically highlighting a perceived lack of preparedness for adult life.

    The conversation, initiated by a 38-year-old woman on Reddit in January, reflects on personal experiences and seeks input from others on how they were prepared for life’s challenges.

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    Reflecting on her upbringing, the initiator of the discussion noted, “When I reflect on how I was parented, I don’t remember my parents ever giving me any type of life advice.”

    She said her parents did not teach her to save money or to appreciate the swift passing of time, particularly regarding education and personal growth. Her story resonates with a broader experience among millennials, where parental guidance on practical life skills was minimal or absent.

    Another participant, also a 38-year-old woman, expressed her feelings of unpreparedness, saying, “I am not prepared for life. I‘m finally emotionally mature, but I wasn’t taught how to navigate life in terms of being a responsible adult.”

    She pointed out that the lack of preparation extends beyond a single generation, suggesting a systemic issue within both family structures and educational systems. Highlighting a specific area of concern, she said, “I opened a credit card at 18 and literally didn’t know what interest was,” underscoring the importance of teaching financial literacy to young adults.

    The conversation also touched on the predatory practices of credit card companies targeting college students in the 1990s, a concern shared by multiple participants. “Colleges in the ’90s would let these credit companies on campus. They had tables outside our cafeteria with free giveaways if you signed up,” one user recalled, expressing frustration over the lack of oversight and the long-term financial implications for their peers.

    Trending: How to turn a $100,000 investment into $1 Million — and retire a millionaire.

    Addressing broader issues of ideology and life skills, another contributor remarked on the absence of substantive guidance from parents on critical life matters, stating, “No ideology or structure was presented at key stepping stone points in my life.”

    This participant criticized their parents for perpetuating outdated beliefs and failing to address important topics such as mental health and societal responsibilities.

    Millennials, often labeled as the generation facing unprecedented economic challenges, seem to bear out this reputation with recent data highlighting their financial predicaments and the impact of their upbringing by baby boomer parents.

    A significant portion of millennials report living paycheck to paycheck, with 70% indicating this is their reality. This financial precarity is exacerbated by a high cost of living and stagnant wages, with nearly half of the generation also grappling with debt that seems insurmountable​​. About 90% of millennials have some form of nonmortgage debt, according to a survey from Real Estate Witch.

    The debt crisis among millennials is profound, with credit card debt hitting a record high of $1.08 trillion in 2023 and student loan debt surpassing $1.6 trillion. This situation is particularly dire for attendees of private for-profit colleges, who are the most likely to fall behind on student loan payments​​.

    The generational wealth gap has widened, with fewer millennials owning homes or accumulating wealth compared to baby boomers at the same age. Only 49% of millennials in low-skilled service occupations owned their home by the age of 35, compared to 63% of baby boomers, illustrating a significant decline in economic mobility and access to traditional markers of financial stability​​. This decline is attributed not just to changing work and family patterns but to a structural shift in the economy that has diminished the economic rewards for secure, middle-class and working-class lifestyles​​.

    The economic status of millennials, when compared to previous generations, paints a bleak picture. Despite being highly educated, millennials have not seen the expected financial benefits, with flat income levels and lower net worth compared to baby boomers at similar ages. This financial instability extends to retirement, with concerns about how these factors will impact their long-term financial security​​.

    Financial advisers provide comprehensive guidance across a wide array of financial challenges, offering strategies to those who may not have learned financial management from their parents. Consulting with a financial adviser can help individuals get on track financially, despite the economic pressures.

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    *This information is not financial advice, and personalized guidance from a financial adviser is recommended for making well-informed decisions.

    Jeannine Mancini has written about personal finance and investment for the past 13 years in a variety of publications including Zacks, The Nest and eHow. She is not a licensed financial adviser, and the content herein is for information purposes only and is not, and does not constitute or intend to constitute, investment advice or any investment service. While Mancini believes the information contained herein is reliable and derived from reliable sources, there is no representation, warranty or undertaking, stated or implied, as to the accuracy or completeness of the information.

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    This article ‘I Am Not Prepared For Life’ – Millennials Blame Their Boomer Parents For Not Teaching Them How To Be Responsible Adults originally appeared on Benzinga.com

    © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • How Much Marijuana To Take To Be Happy

    How Much Marijuana To Take To Be Happy

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    The concept of popping open a beer after work was ingrained in the boomer generation as a way to relax and shake off the troubles of the day.  But younger millennials and Gen Z have a different take.  As seen in fully legal states, beer sales are down, and in recent research, they are moving to cannabis.  So how much marijuana to take to be happy and shake it off?

    Different generations chill and relax in different ways.  Earlier boomers had cocktails, late boomers and Gen X had illicit weed, valium and drinks, now the youngest adults are moving to vaping and gummies.  While it should not be done too regularly, sometimes the world just gives you a rough go.  Whether a jerk at work, car trouble or just a full flung case of the grumpies, sometimes you need a distraction.  But how much of a dose should take to be happy?

    First, you need to make sure it isn’t a daily habit, addiction is no joke and problems can occur.  But on this days when you just want to kick back and chill after a hard day, what do you do. Researchers at the University of Illinois at Chicago and the University of Chicago report low levels tetrahydrocannabinol, or THC, the main psychoactive compound in marijuana, does reduce stress, but in a highly dose-dependent manner: very low doses lessened the jitters of a public-speaking task, while slightly higher doses — enough to produce a mild “high” — actually increased anxiety.

    Consumer data shows the younger generation is leaning into a few hits of a vape or a gummy or two Monday – Wednesday.  Rather than have the hangover, the calories, and the alcohol high, they want something smoother and less fattening.

    If you a canna newbie or an occasionally user, a mild relaxant could be about 2.5 mg.  if you want to up it, 2.5-5 mg. work.  For the more frequent use mild would go to 2.5-5 mg and to increase it would be 5-10 mg.  Products purchased in a dispensary have a labels with dosage to help you manage.

    You can also chat with the bud tender.  A little trial and error can help you figure out what you want to relax and find your happy spot.

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    Amy Hansen

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  • Nearly half of young adults have ‘money dysmorphia,’ survey finds. Here are the symptoms

    Nearly half of young adults have ‘money dysmorphia,’ survey finds. Here are the symptoms

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    Overwhelming evidence suggests social media has a negative impact on self-esteem.

    That’s not only true for how people feel about their appearance and social status but also their financial wellbeing and economic standing.

    A new term, “money dysmorphia,” aims to describe the distorted view of their finances that nearly one-third, or 29%, of Americans say they now experience, according to a recent report by Credit Karma, often from comparing their financial situation to others’ and feeling inadequate.

    “Money dysmorphia is kind of like today’s version of keeping up with the Joneses,” said Courtney Alev, consumer financial advocate at Credit Karma.

    Not surprisingly, money dysmorphia is even more prevalent among younger generations, according to Credit Karma. Roughly 43% of Gen Z and 41% of millennials struggle with comparisons to others and feel behind financially.

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    “This has been a problem for a very long time but social media has taken it to a whole new level,” said  Carolyn McClanahan, a certified financial planner and founder of Life Planning Partners in Jacksonville, Florida.

    Many of those who experience money dysmorphia have above-average savings, Credit Karma also found. However, they are also likely to admit to being obsessed with the idea of being rich.

    There is a “distortion between perception and reality,” Alev said.

    Only 14% of Americans consider themselves wealthy

    That feeling of being well off is increasingly elusive, almost regardless of how much money you have, a separate report by Edelman Financial Engines also found.

    The average household’s net worth has soared in recent years, rising 37% between 2019 and 2022, according to the survey of consumer finances from the Federal Reserve.

    Still, only 14% of Americans would consider themselves wealthy, according to Edelman Financial Engines, and the bar is only getting increasingly out of reach. In fact, more than half of Americans earning more than $100,000 a year say they live paycheck to paycheck, another report by LendingClub found.

    A prolonged period of high inflation and instability has chipped away at most consumers’ buying power and confidence. Instagram is also partly to blame.

    “What we found was a really strong connection between feeling badly about your money situation and how much time you spend on social media,” said Isabel Barrow, the director of financial planning at Edelman Financial Engines.

    Roughly one-quarter of consumers feel less satisfied with the amount of money they have because of social media, the Edelman Financial Engines study also found. That can even lead some to overspend on such big-ticket items as a vacation, home renovation or luxury good because of the pressure to keep up with the “digital Joneses.”

    Barrow, who recently deleted her own Instagram account, advises others to spend less time on social media and remove any payment details stored online to help create “purchase hurdles” that force you to think through buying decisions.

    “Sometimes you have to set up guardrails for yourself,” she said.

    Then address the financial psychology, added McClanahan, who also is a member of CNBC’s Advisor Council.

    “There’s this perception that you have to portray yourself as successful and that means having an expensive watch or nice car and that is so untrue,” she said. “You have to make sure you are happy. Stuff isn’t going to make you happy.”

    Subscribe to CNBC on YouTube.

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  • The “Toxic” Video for a New, Less Glamorous Era: Charli XCX’s “Von Dutch”

    The “Toxic” Video for a New, Less Glamorous Era: Charli XCX’s “Von Dutch”

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    Although Charli XCX’s first album, True Romance, wasn’t released until 2013, she has always exuded the sonic and visual aura of being a daughter of the 00s. And there was no more significant “mother” in that decade than Britney Spears, who kicked off the aughts with her iconic “Oops!…I Did It Again” video and album. By 2004, however, Spears seemed determined to one-up herself with the video for “Toxic,” arguably among her most well-known visuals after “…Baby One More Time,”  “Oops!…I Did It Again”  and “I’m A Slave 4 U.” In it, Spears channels Pan Am-era chic in a flight attendant uniform that one would have never seen in the “friendly” skies of the 00s, let alone now. 

    But even more than her 60s-inspired flight attendant ensemble, it was her literal nude look that stood out in the eyes of viewers. As Spears confirmed in an interview (something she seems to have thrown a peace sign up on altogether since the conservatorship ended) from 2016 with Jonathan Ross, it was simply crystals/mini diamonds (or “hand diamonds,” as she called them) glued onto her body and paired with a white G-string. And voilà, immortal look achieved. 

    With the video released at the beginning of 2004, it would eventually serve as a reminder of 00s “polish” and decadence in the years before the 2008 financial crisis. In the months just leading up to it, Spears would release the less polished (visual-wise) video for “Gimme More,” the lead single from 2007’s Blackout. After that, she would unleash the moody, clapback-at-the-critics song, “Piece of Me”—which would become such a signature that she named her Vegas residency in its honor. It is the theme of that particular song which Charli XCX seeks to repurpose on “Von Dutch” (a title in keeping with her 00s reverence). Accordingly, the Torso-directed video commences with XCX being stalked by paparazzi at the airport (Charles de Gaulle, to be exact—because Charli is just so Euro).

    As she walks past the proverbial vultures with her aloofness and sunglasses as a shield, she then whips her shades off, along with her skirt (so she can sport just her underwear and tights underneath), and gets right into the first verse: “It’s okay to just admit that you’re jealous of me/Yeah I heard you talk about me, that’s the word on the street/You’re obsessin’ [that accusation lending the song un certain Mariah flair], just confess it/Put your hands up/It’s obvious I’m your number one.” (This also channeling, incidentally, a lyric Goldfrapp sings on 2005’s, what else, “Number 1”.) 

    From the start, it’s apparent that XCX is much less apologetic than Spears was on “Piece of Me” as she sang with more than a slightly sardonic tinge, “I’m Miss Bad Media Karma/Another day, another drama/Guess I can’t see no harm in workin’ and bein’ a mama.” Charli, rather than inserting semi-apologetic caveats in her lyrics, declares full-stop, “​​I’m just living that life Von Dutch, cult classic, but I still pop/I get money, you get mad because the bank’s shut/Yeah, I know your little secret, put your hands up/It’s so obvious I’m your number one.” In the spirit of another 00s piece of pop culture that has inspired of late, Mean Girls, there are many aspects of “Von Dutch” that mirror the content of Renée Rapp and Megan Thee Stallion’s “Not My Fault.” Wherein the former boasts, “It’s not my fault/You gotta pay what I get for free/It’s not my fault/You’re like, you’re like, you’re like in love with me.” According to Charli, nor is it her fault either. She’s “just livin’ that life, Von dutch, cult classic, but I still pop.” 

    Even when forced to mingle among the hoi polloi at the airport. Because, again, these are not the glamorous days of Britney’s “Toxic” video, during which she plays an international spy who also happens to be on a mission to poison her ex-boyfriend. For Charli, it’s less about the destination and more about the journey as she treats the entire airport and, subsequently, the airplane like her runway. Or, more to the point, as any “TikToker” would if CDG had agreed to shut down the terminal for them so they could dance and mug for the camera to their heart’s content without judgment (not that such a worry has ever stopped an “influencer” from annoying people in the public space before). Not to mention providing an empty plane to “bop around” on before making one’s way out onto the wing to do a jig there as well. And, as though to highlight the differences between 2004 Britney on an airplane and 2024 Charli on one, the latter takes the drink cart she’s pushing and violently shoves it down on the floor without a second thought. A stark contrast to Spears sexily pushing her own champagne-filled cart down the aisle on her airplane to “serve with a smile” that hides her ulterior motives.

    But back to the TikTok video flavor, funnily enough, XCX seems to shade that ilk with the line, “Do that littlе dance, without it, you’d be namelеss.” Something in the tone of the lyrics also giving Amy Winehouse on “Fuck Me Pumps” when she jibes, “Don’t be mad at me, ‘cause you’re pushing thirty/And your old tricks no longer work” (how ahead of her time she was on Gen Z-level ageism…along with Lily Allen on “22”). This all further speaking to how XCX is ready to drench herself in the 00s…much as the rest of the pop culture-obsessed set has done of late. But XCX is additionally bringing more than a dash of her “Tumblr sleaze” into the equation, hence breaking the fourth wall by slamming her head against the camera to mimic the effect of beating the shit out of someone—whoever her collective nemesis is, in this case. 

    She then grabs onto an automatic floor-cleaning machine and holds on for a bit before jumping the turnstile at a boarding gate like it’s merely a subway stop. On the empty plane (an Airbus A380), XCX continues her visceral, “anti-‘Toxic’” performance, pursued by the invisible antagonist she keeps fighting back with bratty (her next album is titled Brat, after all) panache. Or perhaps “anti” isn’t the word so much as “antithesis of.” Because there is nothing rehearsed-feeling or, as mentioned, polished about this the way there was in “Toxic.” This, to reemphasize, echoing the fact that all sense of glamor and being able to put up a veneer of elegance and sophistication has dissipated in our post-Empire world. Indeed, XCX is effectively putting a spotlight on the motif of how fucking shitty it is to travel now compared to 2004 (easier and less dehumanizing that year than now, despite the world coming fresh off 9/11). 

    Elsewhere in the lyrics of the song, XCX takes a page from Olivia Rodrigo branding her ex as a “fame fucker” on “vampire” (since fame, after all, is supposedly accessible to everyone now). Thus, Charli jabs at her haters, “Why you lying? You won’t fuck unless he’s famous.” It’s a long way from Britney touting, “I’m Mrs. Lifestyles of the Rich and Famous (you want a piece of me)/I’m Mrs. Oh My God That Britney’s Shameless (you want a piece of me).” Where Spears was forced to give up those pieces of herself to the public mostly against her will, Charli is of an era wherein everyone is willing and ready to whore it all out for the sake of fame (and hopefully, the added and often correlative bonus of money). Doing it for the hallowed “benefit” of being able to say you’re “famous”—or rather, “viral.” That word so evocative of a disease…which is precisely what fame has become. A bug that everyone wants to catch like corona at a party in 2020 Tuscaloosa. Because if you’re not trying to get famous while the world burns around you, you might not have a chance to enjoy the perks before it’s burned entirely. Thanks, in part, to jumbo jets like the one so prominently featured in XCX’s video (and yes, Charli is no stranger to promoting fossil fuels in her songs [including “Vroom Vroom” and “Speed Drive”] and visuals [e.g., “2999”]).

    It’s hard to put much “Toxic”-level varnish on this bleak human condition of the next generation. Maybe that’s why, by the end, XCX is as triumphant as she is run ragged, coasting along the conveyor belt of the baggage claim with the rest of the damaged, overly jostled goods.

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    Genna Rivieccio

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  • Young adults set an earlier bedtime as they navigate economic fatigue, wellness trends, and a loneliness epidemic

    Young adults set an earlier bedtime as they navigate economic fatigue, wellness trends, and a loneliness epidemic

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    Take one last look at the night owl, because it’s becoming extinct— or at the very least a rare bird. The sun is seemingly setting on the nation’s tradition of the youth going out and staying up late. Americans are trudging through a loneliness epidemic, an economy marked by high inflation, a world rife with socioeconomic turmoil and climate change. It’s enough to make people get a little sleepy. 

    Gen Zers and millennials are tuning into the wellness space and turning in especially early, as the Wall Street Journal’s Rachel Wolfe reports that young adults are going to bed around 9 p.m. Part of what is happening is a greater access to information and lifestyle trends, as health influencers take off on TikTok. But data points to a larger societal change across generations, as the economy and current state of the world impose new living habits.

    It might not seem like a tidal wave level-change, but it’s a ripple that might represent what is to come. Compared to just one year ago, people of all ages are going to bed earlier and sleeping more. The average bedtime has been bumped from 10:19 last year to 10:09 these days, per data from Sleep Number.

    First off, we can’t ignore the pandemic’s role in this society of sleepytime tea bears. Americans slowly started to sleep more throughout the last decade, but once COVID-19 struck they began to snooze more, according to the American Time Use Survey from the Labor Department. The difference becomes especially pronounced when looking at younger and older adults, as respondents aged 25 to 34 went from sleeping 8.52 hours in 2003 to 9.07 hours in 2022. In 2018, these young respondents were sleeping  8.78 hours on average, a number that jumped to 9.04 just two years later. Boomers too are resting more, experiencing the greatest increase in sleep times from 2019 to 2022. 

    It’s no coincidence that the people sleeping the most are also the ones most likely to be struck by the rising loneliness epidemic. Post-lockdown, some of Americans’ habits have stuck for both health and sociological reasons. Many report feelings of isolation whether it be because of being immunocompromised, a surge in social anxiety after the pandemic hit, or simply changing preferences. While some report that their introversion has stoked loneliness, others have found that working from home and staying in was more their speed after lockdown lifted. It’s created a new economy controlled by introverts, per Bloomberg’s Allison Schrager.

    It might be the economy itself that’s creating the introverts, though. Studies have been cropping up that show that Gen Zers are drinking and going out less than they used to, citing greater awareness of substance abuse and the cost of letting loose as major factors. Less compelled to join a dying drinking culture, it seems as if young adults are simply putting themselves to bed. Madelyn Sugg, 25, told the Journal that she’s saved hundreds of dollars monthly when cutting out her late nights for a 9 o’clock bedtime. “I was afraid of that feeling of FOMO or of feeling like I’m not succeeding at building a community, but it’s actually turned out to be an improvement in all these areas,” Sugg, explained to the Journal.

    Most susceptible to the volatile economy, many young adults report high burnout as they struggle to gain a living wage and stave off layoffs. While some might turn to leisure activities to dull the pain, it seems as if these generations, burdened by ill-timed recessions and oversized student loans, can’t afford to burn a hole in their wallets. Even when adding extra gigs to their day, many young adults still don’t have enough for discretionary spending, per analysis from Bank of America 

    Young adults might just be late bloomers. Earning less than previous generations did when they were the same age and staying at home longer to afford a more expensive economy, Gen Zers and millennials might be saving their roaring twenties for their older adulthood. Partly because of the price of milestones, major life events are pushed back these days, between having kids or retirement. It follows then that our party time is delayed as well, as young adults can’t afford rounds of drinks like they once did. 

    The bed is just calling more these days. Economic and mental fatigue play a role in likely making everyone simply so tired that they stay under the covers more than they did in the past. Dealing with an inundation of information and bad news, many people also find that their workplaces are less than satisfying. Americans report a dissolving faith in most professions as malaise peaks in the workforce. It’s no surprise that sleepers across the board are looking to just shut their eyes, especially young adults who are growing up in an age of dissolution and older adults who are aging into a loneliness crisis. People might not feel like they can control much between their work, personal life, and current events, but one thing they can set is their own bedtime.

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    Chloe Berger

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  • Meet ‘Money dysphoria’: Gen Z gets its very own version of ‘keeping up with the Joneses’

    Meet ‘Money dysphoria’: Gen Z gets its very own version of ‘keeping up with the Joneses’

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    The comparison game is especially difficult to avoid playing these days. We’ve never had more insights into what other people are doing—and more importantly, buying. Anyone with an iPhone can track movements on Find My Friends, get vacation envy on Instagram, feel FOMO on Snap, and have career envy via LinkedIn

    The combined forces of all that social media is taking its toll, even for successful, established adults: Per a recent Intuit Credit Karma survey, nearly half (45%) of Gen Zers and millennials are obsessed with the idea of being rich. Worse yet, that idea feels perennially out of reach. Forty-eight percent of Gen Zers told Intuit Credit Karma they feel behind financially; 59% of millennials said the same.  

    This obsession—and resultant feeling of underperformance—has led people to lose sight of the actual state of their finances, culminating in what Intuit Credit Karma dubs “money dysphoria.” This condition, of having “a distorted view of one’s finances that could lead them to make poor decisions,” occurs among people of all levels of financial stability, the survey finds, despite how well off they may actually be. Nearly 40% of the survey respondents who admitted to struggling with money dysmorphia said they had at least $10,000 in savings; 23% of the group had over $30,000—significantly among the median savings account balance, which, as Credit Karma pointed out, is just over $5,000 in the U.S.

    It’s having a detrimental effect on mental health, the survey shows. Sixty-nine percent of money-dysphoric respondents said they don’t think they’ll ever be rich, and 95% say their obsession negatively impacts their finances. The preoccupation has held them back from accruing savings, buying a home or investing, and instead has led them to overspend and even take on additional debt.

    It’s no wonder money dysmorphia is so prominent: Financial stability has never felt farther out of reach for many millennials and Gen Zers in particular. Building up any amount of wealth has been fraught for under-40 workers who have had to shoulder the burden of historic housing unaffordability, a financial crisis or two, crushing student debt, and a stagnated minimum wage against record-high inflation and ballooning child care costs

    But despite these very real uphill battles, workers’ sense of necessity and values are consistently skewed. According to a 2023 Bankrate survey, the average American feels they need to make $233,000 a year to feel comfortable—310% more than the $75,203 the average full-time worker earned in 2021, per the Census Bureau. For respondents to feel wealthy—more than simply comfortable—they need to earn twice that: $483,000. 

    Comfort is largely defined by the ability to shell out for occasional luxuries while also keeping up with monthly expenses, Bankrate senior economic analyst Mark Hamrick wrote in the report. “Typically, people fantasize about the notion of getting ‘rich,’ but most aspire to get by or a bit better than that.”

    Keep your eyes on your own paper

    “Money dysmorphia is kind of like today’s version of keeping up with the Joneses,” Courtney Alev, a consumer financial advocate at Credit Karma, wrote in the report. “A lot of people are examining their finances and comparing themselves to their peers, people on social media, and even celebrities, which is bringing up feelings of inadequacy.” 

    The only way out of money dysphoria, Alev went on, is relying on the hard data: Keeping a close eye on your own finances, assessing your goals, and making a realistic plan to work towards them. Also useful would be minimizing your time comparing your situation to others—who are often in mountains of hidden debt themselves.

    “Social media and celebrity culture can exacerbate money dysmorphia, because we’re seeing images of people living glamorous lives spending money,” Scott Lieberman, founder of Touchdown Money, told GoBankingRates. “But then again, we don’t know the truth as to how they got that money and how much debt they’ve accumulated.” 

    Luckily, respondents aren’t too precious about cutting friends off in order to prioritize their own finances; a Credit Karma survey from last summer found that a third of people said they’ve ended friendships with people whose financial decisions don’t align with theirs.

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    Jane Thier

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  • Older People Are Sharing Things That Confuse Them About ‘Kids These Days’ In Their 20s And Teens

    Older People Are Sharing Things That Confuse Them About ‘Kids These Days’ In Their 20s And Teens

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  • Holidays Sales Confirm Marijuana Is Mainstream

    Holidays Sales Confirm Marijuana Is Mainstream

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    It was a great holiday season for lots of fan of marijuana – and only a few Grinches in sight!

    The holiday season was great for the cannabis industry. In 2023, Delaware, Ohio, and Minnesota passed recreational marijuana. More than half of U.S. population lives in places where marijuana is legal for recreational use with even more having access to medical marijuana.  The holidays are a time of indulgence and spending. Consumers defied expectations for spending in December. Retail sales rose 0.6% in December from November, which was more than analysts expected. The holiday sales confirm marijuana is mainstream by the way the public spent on products.

    RELATED: Science Says Medical Marijuana Improves Quality Of Life

    And in a major culture shift, Gen Z is moving away from alcohol and moving softly toward marijuana. Young adults not in college were even more likely to avoid alcohol. Nearly 30% of this group in 2018 reported that they did not drink beer, wine or spirits. The number was about 24% in 2002.

    Decreases in alcohol consumption by Gen Z coincide with an uptick in cannabis use, according to numerous reports. Is this a one-for-one trade in substances? Some signs point that way

    Photo by Kindel Media via Pexels

    According to BDSA, a leading national data analyst company which covers cannabis, it was an important marijuana sales year.  Already, the day before Thanksgiving is a banner year  Comparing same 7 holiday days of 2022 to 2023 and they saw an average of a 19% increase year over year. The day before Turkey Day is known as Green Wednesday in the cannabis industry.  It is also a large alcohol sales day and is known as Blackout Wednesday or Drinksgiving. But alcohol sales only saw 3.8% rise.

    Christmas is historically a significant holiday for the legal cannabis industry, with the days leading up to Christmas bringing a sizable boost to legal sales. In 2022, the day before Christmas eve (12/23/22) saw the second highest daily sales total of any day that month, with daily sales totaling +38% higher than the daily sales average for December 2022.” shared BDSA.

    Edibles saw an even greater boost on the week before Christmas 2023. BDSA reports edible sales on the week before Christmas were +23% higher than the average weekly edible sales total for the month.  This is makes sense as gummies are the #1 way people consumer – almost 49% of users say the use have a gummy.

    RELATED: The Most Popular Marijuana Flavors

    States which started their program (except for NY) did especially well. Marijuana retailers in Michigan sold a whopping $3.06 billion in adult-use and medical products in 2023. There are few Grinches, the Governors of Iowa, Florida and New Hampshire are working hard to block sales and Senator Mitch McConnell is still working to block any national marijuana legalization.  And all eyes are on the DEA to see what they are going to do about rescheduling.

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    Terry Hacienda

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  • What About Adding Beef To Your Cocktails

    What About Adding Beef To Your Cocktails

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    From burger to Beef Wellington, it is very popular – what about adding beef to your  cocktails?

    The burger is an icon meal and is universally popular. The USDA reports Americans overall consumed a whopping 30 billion pounds of beef in 2021, which equals almost 60 pounds per person per year.  Beef sandwiches, tacos, and more are gobbled up every day and the flavor fills the mouth.  People are returning to pre-pandemic habits and cooking at home less, according to a Gallup-Cookpad global survey, Gen Z and  Millennials are enjoying retro dishes like Beef Wellington, casseroles and more but putting their spin on classics. What about beef to your cocktails?

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    Savory cocktails are becoming a thing in artisanal lounges…so why not add a favorite flavor? Earlier this year, the Parmesan espresso martini took TikTok by storm, transforming a seemingly abominable combination into a certified craze. Dirty martinis have even made the jump from drinks to food, inspiring everything from a briny salad dressing to an olive-studded pasta. It points to the wider embrace of savory cocktail flavors, particularly in combinations outside the norm.

    Beefy Bloody Mary

    Take a morning favorite and convert it from a “salad” to a “main”. The add depth of the beef broth will make it warm your heart and stomach on any day.

    Ingredients

    • 2 oz V8 Tomato Juice or Bloody Mary mix
    • 2 oz Swanson Organic Beef Stock
    • ½ tsp Worcestershire sauce
    • ¼ tsp Tabasco
    • 1½ oz vodka
    • Dash freshly ground black pepper
    • Thyme sprig, for garnish

    Create

    • Mix all ingredients except for Thyme into a highball glass and stir to incorporate.
    • Add ice; stir some more for chill and slight dilution. G
    • arnish with a thyme sprig

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    Bull Shot

    Bring out the cowboy/cowgirl in you with this drink.  Rich, nuanced and delicious – this drink will live a big smile on your face.

    Ingredients

    • 1/2 teaspoon Worcestershire sauce
    • 1/8 teaspoon celery salt (optional)
    • Ice cubes
    • 1/4 cup vodka
    • 3/4 cup chilled double-rich double-strength canned beef broth
    • Lime wedge

    CREATE

    • Mix Worcestershire and salt in glass
    • Add ice cubes
    • Pour vodka, then broth over
    • Garnish with lime wedge

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    Anthony Washington

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  • Why can’t today’s young adults leave the nest? Blame high housing costs

    Why can’t today’s young adults leave the nest? Blame high housing costs

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    These days, housing affordability is a struggle for nearly everyone.

    But for young adults just starting out, soaring home prices and sky-high rents have become one of the greatest obstacles to making it on their own.

    Nearly one-third, or 31%, of Generation Z adults live at home with parents because they can’t afford to buy or rent their own space, according to a recent report by Intuit Credit Karma that polled 1,249 people age 18 and older. Gen Z is generally defined as those born between 1996 and 2012, including a cohort of teens and tweens.

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    “The current housing market has many Americans making adjustments to their living situations, including relocating to less-expensive cities and even moving back in with their families,” said Courtney Alev, Intuit Credit Karma’s consumer financial advocate.

    Overall, the number of households with two or more adult generations has been on the rise for years, according to a Pew Research Center report. Now, 25% of young adults live in a multigenerational household, up from just 9% five decades ago.  

    Finances are the No. 1 reason families are doubling up, Pew also found, due in part to ballooning student debt and housing costs.

    It’s the least affordable housing market in years

    Between home prices and mortgage rates, 2023 was the least affordable homebuying year in at least 11 years, according to a separate report from real estate company Redfin.

    Now, the average rate for a 30-year, fixed-rate mortgage is hovering near 6.6%, down from recent highs but still twice what it was three years ago.

    “Given the expectation of rate cuts this year from the Federal Reserve, as well as receding inflationary pressures, we expect mortgage rates will continue to drift downward as the year unfolds,” said Sam Khater, Freddie Mac’s chief economist.

    “While lower mortgage rates are welcome news, potential homebuyers are still dealing with the dual challenges of low inventory and high home prices that continue to rise.”

    Of course, housing isn’t the only issue. Millennials and Gen Z face financial challenges their parents did not as young adults. On top of carrying larger student loan balances, their wages are lower than their parents’ earnings when they were in their 20s and 30s.

    “At the end of all that, you are not left with a whole lot of money to spend on a down payment,” said Laurence Kotlikoff, economics professor at Boston University and president of MaxiFi, which offers financial planning software.

    For parents, supporting grown children can be a drain

    Even if they don’t live at home, more than half of Gen Z adults and millennials are financially dependent on their parents, according to a separate survey by Experian.

    For parents, however, supporting grown children can be a substantial drain at a time when their own financial security is in jeopardy. 

    Not surprisingly, parents are more likely to pay for most of the expenses when two or more generations share a home. The typical 25- to 34-year-old in a multigenerational household contributes 22% of the total household income, Pew found. 

    From buying groceries to paying for cellphone plans or covering health and auto insurance, parents are spending more than $1,400 a month, on average, helping their adult children make ends meet, another report by Savings.com found.

    “It has to go both ways,” Kotlikoff said.

    Overall, there can be an economic benefit to these living arrangements, Pew found, and Americans living in multigenerational households are less likely to be financially vulnerable. “If you are in financial union, make the best of it,” Kotlikoff said.

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  • Gen Z Is to Cady Heron as Millennials Are to Regina George, Or: Does Mean Girls 2024 Make Gen Z the New Queen Bee? Hardly.

    Gen Z Is to Cady Heron as Millennials Are to Regina George, Or: Does Mean Girls 2024 Make Gen Z the New Queen Bee? Hardly.

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    For those who applaud it, any contempt expressed for the latest iteration of Mean Girls is likely to be met with the ageist rebuke of how it’s probably because you’re a millennial (granted, some millennials might be enough of a traitor to their own birth cohort to lap up this schlock). As in: “Sorry you don’t like it, bitch, but it’s Gen Z’s turn now. You’re just jealous.” The thing is, there’s not anything to be jealous of here, for nothing about this film does much to truly challenge or reinvent the status quo of the original. Which, theoretically, should be the entire point of redoing a film. Especially a film that has been so significant to pop culture. And not just millennial pop culture, but pop culture as a whole. Mean Girls, indeed, has contributed an entire vocabulary and manner of speaking to the collective lexicon. Of course, reinventing the wheel might be the expectation if this was a truly new version. Instead, it is merely a translation of the Broadway musical that kicked off in the fall of 2017, right as another cultural phenomenon was taking shape: the #MeToo movement. 

    This alignment with the repackaging of Mean Girls as something that a new generation could latch onto and relate with seemed timely for the heralding of a new era that not only abhorred flagrant sexual abuse against women, but also anything unpleasant whatsoever. It quickly became clear that a lot of things could be branded as “unpleasant.” Even some of the most formerly minute “linguistic nuances.” This would soon end up extending to any form of “slut-shaming” or “body-shaming.” Granted, Fey was already onto slut-shaming being “over” when she tells the junior class in the original movie,  “You all have got to stop calling each other sluts and whores. It just makes it okay for guys to call you sluts and whores.” (They still seem to think it’s okay, by the way.)

    Having had such “foresight,” Fey was also game to update and tweak a lot of other “problematic” things. From something as innocuous as having Karen say that Gretchen gets diarrhea on a Ferris wheel instead of at a Barnes & Noble (clearly, not relevant enough anymore to a generation that gets any reading advice from “BookTok”) to removing dialogue like, “I don’t hate you because you’re fat. You’re fat because I hate you” to doing away entirely with that plotline about Coach Carr (now played by Jon “Don Draper” Hamm) having sexual relationships with underage girls.

    What Fey has always been super comfortable with (as most people have been), however, is ageist humor (she has plenty of anti-Madonna lines to that effect throughout 30 Rock). For example, rather than Gretchen (Bebe Wood) telling her friends that “fetch” is British slang like she does in 2004, she muses that she thinks she saw it in an “old movie,” “maybe Juno.” Because yes, everything and everyone is currently “old” in Gen Z land, though 2007 (the year of Juno’s release) was seventeen years ago, not seventy. This little dig at “old movies” is tantamount to that moment in 2005’s Monster-in-Law when Viola Fields (Jane Fonda) has to interview a pop star (very clearly modeled after Britney Spears) named Tanya Murphy (Stephanie Turner) for her talk show, Public Intimacy. Finding it difficult to relate to Tanya, Viola briefly brightens when the Britney clone says, “I love watching really old movies. They’re my favorite.” Viola nudges, “Really? Which ones?” Tanya then pulls a “Mean Girls 2024 Gretchen” by replying, “Well, um, Grease and Grease II. Um, Benji, I love Benji. Free Willy, um, Legally Blonde…uh The Little Mermaid.” By the time Tanya says Legally Blonde (four years “old” at the time of Monster-in-Law’s release), that’s about as much as Viola can take before she’s set off (though Tanya blatantly showcasing her lack of knowledge about Roe v. Wade is what, at last, prompts Viola’s physical violence). Angourie Rice, who plays a millennial in Senior Year, ought to have said something in defense of Juno, but here she’s playing the inherently ageist Gen Zer she is. Albeit a “geriatric” one who isn’t quite passing for high school student age. Not the way Rachel McAdams did at twenty-five while filming Mean Girls

    To that point, Lindsay Lohan was seventeen years old during the production and theater release of Mean Girls, while Angourie Rice was twenty-two (now twenty-three upon the movie’s theater release). Those five years make all the difference in lending a bit more, shall we say, authenticity to being a teenager. Mainly because, duh, Lohan was an actual teenager. And yes, 2004 was inarguably the height of her career success. Which is why she clings on to Mean Girls at every opportunity (complete with the Mean Girls x Wal-Mart commercial). Thus, it was no surprise to see her “cameo” by the end of the film, where she takes on the oh so significant role of Mathlete State Championship moderator, given a few notable lines (e.g., “Honey, I don’t know your life”—something that would have landed better coming from Samantha Jones) but largely serving as a reminder of how much better the original Mean Girls was and that the viewer is currently watching a dual-layered helping of, “Oh how the mighty have fallen.”

    While the musical angle is meant to at least faintly set the 2024 film edition apart from the original, it’s clear that Tina Fey, from her schizophrenic viewpoint as a Gen Xer, has trouble toeing the line between post-2017 “sensitivity” and maintaining the stinging tone of what was allowed by 2004 standards. Although Gen Z is known for being “bitchy” and speaking in a manner that echoes the internet-speak amalgam of gay men meets AAVE, any attempt at “biting cuntery” is in no way present at the same level it was in 2004’s Mean Girls. And a large part of that isn’t just because “you can’t say shit anymore,” but also because the meanness of the original Regina George is completely washed out and muted. This compounded by the fact that Reneé Rapp is emblematic of a more “body positive” Regina. In other words, she’s more zaftig than the expected Barbie shape of millennial Regina. Perhaps this is why any acerbic comments on Regina’s part about other people’s looks are noticeably lacking. For example, in the original, Regina tells Cady over the phone, in reference to Gretchen (Lacey Chabert), “Cady, she’s not pretty. I mean, that sounds bad, but whatever.” Regina might say the same of the downgraded looks of the Mean Girls cast as a whole… Let’s just say, gone are the days of the polish and glamor once present in teen movies. And yet, there is still nothing “real” about what’s presented here in Mean Girls 2024. Because, again, it struggles too much with the balancing act of trying to be au courant with the fact that it was created during a time when people (read: millennials) could withstand such patent “meanness.”

    In the climate of now, where bullying is all but a criminal offense resulting in severe punishment, Mean Girls no longer fits in the high school narrative of the present. This is something that the aforementioned Senior Year gets right when Stephanie (Rebel Wilson) returns to high school as thirty-seven-year-old and finds that Gen Z seems to care little about the rules of social hierarchy she knew so well as a teenage millennial. And the rules Regina George’s mom likely knew as well. Alas, Mrs. George becomes a pale imitation of Amy Poehler’s rendering, with Busy Philipps trying her best to make the role “frothy,” even when she warns Regina and co. to enjoy their youth because it will never get any better than it is right now for them (something Gen Z clearly believes based on an obsession with people being “old” that has never been seen to this extent before). The absence of her formerly blatant boob job also seems to be an arbitrary “fix” to the previous standards of beauty that were applauded and upheld in the Mean Girls of 2004 (hell, even the “fat girl” who sees Regina has gained some extra padding on her backside is the first to mock her by shouting in front of everyone, “Watch where you’re going, fat ass!”). 

    To boot, the curse of having to “update” things automatically entails the presence of previously unavailable technology. This, of course, takes away from the bombastic effect of Regina scattering photocopies of the Burn Book pages throughout the entire school, instead placing the book in the entry hallway to be “discovered.” And yes, the fact that the Gen Z Plastics would be using a tactile object such as this is given a one-line explanation by Regina when she asks if they made the book during the week their phones were taken away. Again proving how this “translation” doesn’t hold the same weight (no fat-shaming pun intended) or impact as before. 

    More vexingly still, without the indelible voiceovers from Cady, the movie becomes a hollow shell of itself, and not just because it’s now a musical lacking the punch of, at the very least, some particularly memorable lyrics (and no, “Not My Fault” playing in the credits isn’t much of a prime example of that either). And so, those who remember the gold standard of the original movie will have to settle for conjuring up the voiceovers themselves while watching (e.g., “I know it may look like I’d become a bitch, but that was only because I was acting like a bitch” and “I could hear people getting bored with me. But I couldn’t stop. It just kept coming up like word vomit”). But perhaps Fey felt that the “storytelling device” of  Janis ʻImi’ike (Auliʻi Cravalho)—formerly Janis Ian—and Damian Hubbard (Jaquel Spivey)—formerly just Damian—telling it through what is presumed to be a TikTok video (this, like Senior Year, mirroring a trope established by Easy A) would be enough to both “modernize” the movie (along with Cady being raised by a single mom instead of two married parents) and compensate for its current lack of signature voiceovers.

    Some might point out that there’s simply no room for voiceovers in a musical without making the whole thing too clunky. Which brings one to the question of why a musical version instead of a more legitimate reboot had to be made. Well, obviously, the answer is: money. Knowing that the same financial success of the musical would be secured by an effortless transition to film. One that ageistly promises in the trailer: “Not your mother’s Mean Girls.” Apart from the fact that it doesn’t deliver at all on any form of “raunch” that might be entailed by that tagline, as Zing Tsjeng of The Guardian pointed out, “Your mother’s? Tina Fey’s teen comedy was released nineteen years ago. Unless my mother was a child bride, I’m not sure the marketing department thought this one through.” 

    But of course they did. And what they thought was, “Let’s throw millennials under the bus like Regina and focus our money-making endeavors on a fresher audience.” That fresh audience being totally unschooled in the ways in which Mean Girls is a product of its time. And so, is it really supposed to be “woke” to change the indelible “fugly slut” line to “fugly cow”? As though fat-shaming is more acceptable than slut-shaming (which also occurs when Karen [Avantika] is derided by both Regina and Gretchen for having sex with eleven different “partners”—the implication perhaps being that maybe some of them weren’t boys). And obviously, Regina saying, “I know what homeschool is, I’m not retarded” had to go. The phrase “social suicide” is also apparently out (even though Olivia Rodrigo is happy to reference it in “diary of a homeschooled girl”). In general, all “strong” language has been eradicated. Something that becomes particularly notable in the “standoff” scene between Janis and Cady after the former catches her having a party despite saying she would be out of town. In this manifestation of the fight, gone are the harshly-delivered lines, “You’re a mean girl, Cady. You’re a bitch!”

    Despite its thud-landing delivery, the messaging of Mean Girls remains the same. Or, to quote the original Cady (evidently an honorary Gen Zer with this zen anti-bullying stance), “Making fun of Caroline Krafft wouldn’t stop her from beating me in this contest. Calling somebody else fat won’t make you any skinnier, calling someone stupid doesn’t make you any smarter. And ruining Regina George’s life definitely didn’t make me any happier. All you can do in life is try to solve the problem in front of you.” Alas, Fey doesn’t solve the problem of bridging millennial pop culture into what little there is of Gen Z’s. At the end of Mean Girls 2024, the gist of Cady’s third-act message becomes (as said by Janis): “Even if you don’t like someone, chances are they still want to just coexist. So get off their dick.”

    The thing is, Mean Girls 2024 can’t coexist (at least not on the same level) with Mean Girls. It’s almost like Cady Heron trying to be the new Regina George. That is to say, it just doesn’t work, and ends up backfiring spectacularly (though not from a financial standpoint, which is all that ultimately matters to most). Unfortunately, when Cady tells Damian at the end of 2004’s Mean Girls, “Hey, check it out. Junior Plastics” and then gives the voiceover, “And if any freshmen tried to disturb that peace…well, let’s just say we knew how to take care of it [cue the fantasy of the school bus running them over],” she added, “Just kidding.” And she was. Otherwise the so-called junior Plastics of Mean Girls 2024 wouldn’t be here, disturbing the millennial peace.

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    Genna Rivieccio

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  • Taylor Swift, Bad Bunny helped drive over 4 trillion global music streams in 2023, report finds

    Taylor Swift, Bad Bunny helped drive over 4 trillion global music streams in 2023, report finds

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    There were 4.1 trillion music streams worldwide in 2023, according to a report released Wednesday, the first time streaming has ever crossed the four-trillion mark in a single year. 

    The milestone number of global audio streams marked a 22.3% increase from 2022, according to data provider Luminate. 

    The U.S. accounted for just over a quarter of that total, or 1.2 trillion streams, also a bump up from the previous year. 

    To no one’s surprise, pop star Taylor Swift’s music drove a large chunk of that, making up 1.79% of total streams in the U.S. — meaning about one in every 78 audio streams was a Swift song, the Luminate report said. 

    Both Swift and Beyoncé saw a significant uptick in streams following the releases of their concert movies, “The Eras Tour” and a “Renaissance: A Film by Beyoncé.”

    One of the report’s biggest takeaways was that U.S. listeners are streaming more non-English music. It found that the fastest-growing audio streaming genres were world and Latin, which saw increases of 26% and 24% respectively compared to 2022. 

    Luminate also found that the share of English-language content in the top-10,000 audio and video streaming tracks in the U.S. has dropped 3.8% since 2021, while the Spanish-language share has increased by the same percentage over that period. 

    Overall, Spanish audio content was the second most popular to English content in the U.S., making up 8% of total audio streams, per the report.

    Last year, Bad Bunny roped in 3.6 billion on-demand audio streams in the U.S., while Peso Pluma brought in about 1.9 billion, the report found. They were among six Spanish-language artists who crossed the one billion mark.

    Taylor Swift and Bad Bunny
    Taylor Swift and Bad Bunny pose during the 65th annual Grammy Awards at Crypto.com Arena on Feb. 5, 2023, in Los Angeles. 

    Johnny Nunez/Getty Images for The Recording Academy


    The Regional Mexican music genre also saw a massive boom, growing 60% compared to last year in on-demand audio streams.

    U.S. millennials and Gen Zers are driving the interest in foreign language music, the report found, with over 63% of both age groups saying they “listen to new music to experience new cultures and perspectives.”

    But many within those generations are also powering the fast growth of country music in the U.S., with younger fans supporting artists like Luke Combs and Morgan Wallen. Wallen’s “Last Night” was the most streamed song in the U.S., according to the report, with over one billion streams. 

    Although foreign-language and country music saw big streaming gains, listeners in the U.S. still tuned into R&B and hip-hop more than any other genre, the report found, with almost a third of the total streams in the U.S. It was fitting, as 2023 marked the 50th anniversary of hip-hop. 

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  • Oliver Quick Joins the Millennial “Villain” Hall of Fame

    Oliver Quick Joins the Millennial “Villain” Hall of Fame

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    While pop culture has been eager to put a spotlight on a number of real-life millennial villains (including Mark Zuckerberg via The Social Network, Elizabeth Holmes via The Dropout and Anna Delvey via Inventing Anna) in recent years, Emerald Fennell decided to create an “evil” millennial to outdo them all (even, perhaps, fellow fictional millennials Danni Sanders from Not Okay and Dory Sief from Search Party). His name, of course, is Oliver Quick, and he’s portrayed with razor-sharp villainousness by none other than current millennial golden boy Barry Keoghan. Fashioning him in the dual role of protagonist/antagonist, Fennell’s ode to Evelyn Waugh, Saltburn, commences in fall of 2006, when Oliver is just beginning his tenure at Oxford. 

    An outcast from the get-go, his only “comrade” by default becomes Michael Gavey (Ewan Mitchell), who calls Oliver out as a fellow “Norman No-Mates” when he sits down across from him at that first posh-looking dinner in the dining hall. Michael’s social ineptitude and obsession with showing off his mathematical prowess, however, makes Oliver have a Claire Standish (Molly Ringwald) in The Breakfast Club epiphany when she says, “I know it’s detention, but…I don’t think I belong in here.” Nor does Oliver feel that he belongs with someone so lame and unglamorous as Michael. Thus, by Christmas, it seems he can endure no more of this bullshit, this social exile and decides to take matters into his own hands to deviate from the outsider path he’s on.

    This, indeed, is what the viewer unearths by the third-act reveal. That his entire “happenstance” encounter with the ultra popular and privileged Felix Catton (Jacon Elordi) was just the first in a series of his machinations to cut Felix and his ilk down to size. After all, as he later admits to Felix’s mother, Elspeth (Rosamund Pike), on the deathbed he created for her, “I hated him.” He then adds, “I hated all of you.” This statement seeming to apply not just to the Cattons specifically, but all rich people in general. Particularly for their lack of hard work (because, needless to say, it’s not that hard to “inherit”). Whereas, as Oliver points out to a comatose Elspeth, he actually knows how to work, and did just that in order to procure the palatial Saltburn residence. Hence, all that preplanning and manufacturing of scenarios to get into Felix’s good graces so as to be invited to Saltburn in the first place. And for the entire summer no less. 

    A summer that would initially seem so carefree not just because Oliver found himself living as a courtesan in a modern-day Versailles scenario, with Felix acting as Louis and Marie rolled into one, but because it was the summer of 2007. An idyllic period (unless you were Britney Spears) right before the financial crisis of 2008 that would not only affect millennials freshly graduating from college for years to come on the job prospect scene, but also force rich people to “rebrand” in a way that has been the gold standard ever since: highlighting how hard they work for their money. This despite everyone, Oliver included, knowing full well that one does not actually “work” for generational wealth (no matter how many cookware lines Paris Hilton puts out to prove she does “so much,” ignoring the fact that, yeah, in order to do so much, you need some fuckin’ startup capital). It’s simply the fortunate boon that comes with having one family member many decades back who happened to be at the right place at the right time, getting in on the ground floor of some enterprise that was then new and managing to monopolize the industry by any forceful and unjust means necessary (see also: the railroad barons known as the Big Four). This is what clearly vexes Oliver to no end, and the reason why he feels no compunction for his long game con. 

    In fact, he even blames Elspeth and her rich kind for their “misfortune” in coming across a “predator” such as him by taunting, “You made it so easy. Spoiled dogs sleeping belly-up. No natural predators.” Then correcting, “Well, almost none.” And oh, how well Oliver played the part of “prey” himself. Or at least “innocent” and “wayward” poor boy. Allowing himself to blend in even if still standing out as a graceless member of the “low class” (and, despite the Cattons not knowing Oliver is actually an upper middle classer, they would undoubtedly still view that category as one and the same with all the rest of the rabble). 

    The significance of the mid-00s time period, for Fennell, isn’t just about the fact that she’s a millennial who lived through its heyday as well, but about showcasing the dawning of an era wherein the “millennial grift”—consisting primarily of building one’s identity on a house of cards—first began to form (as it did for Elizabeth Holmes circa 2004). This being founded on the bedrock of pretending to be someone you’re not. Of posing as something or someone that will appeal to a surprisingly naive mark. And in the germinal age of social media (hell, for most of 2006, Facebook was still reserved solely for college students with Harvard email accounts), “becoming” someone else, Mr. Ripley-style (and, obviously, Fennell owes a great debt to The Talented Mr. Ripley, in addition to Waugh, for this story, too), was a cinch. Or, at the bare minimum, much more facile than it is now.

    So sure, the summer of 2007 was a carefree one. Not just for a little millennial grifting, but overall as well. ‘Twas the summer of Rihanna’s Good Girl Gone Bad, Justice’s Cross, Kate Nash’s Made of Bricks and M.I.A.’s Kala. And, of course, the entirety of the film is steeped in other millennial pop culture of the day—from Felix’s cousin, Farleigh Start (Archie Madekwe), wearing a “Dump Him” t-shirt à la Britney in 2002 (right after her much-discussed and speculated-upon breakup with Justin Timberlake) to the entire band of youths on the premises (Farleigh, Felix, Oliver and Venetia [Alison Oliver]) reading the final installment in the Harry Potter series, Harry Potter and the Deathly Hallows, that was released in July of that summer. 

    Alas, as the adage goes, “Nothing gold can stay.” Or, more to the point, nothing gold-tone can keep its shine. This means Oliver. Though it is only Felix’s sister, Venetia, who really comes to understand what her family hath wrought in choosing to allow an interloper like Oliver into their home. So it is that she points her finger at him and announces the millennial mantra, “Stranger danger” (or, in her case, “Stranger fucking danger”) while talking to Oliver drunkenly in the bathtub. This being the phrase oft repeated by parents and other authority figures during millennial childhood that it’s an ironic wonder that so many services of the present are contingent upon trusting total strangers (e.g., Airbnb, Uber). As Felix so blindly trusted Oliver and his pack of lies wielded manipulatively to gain access to the precious Saltburn castle. Almost as though he had no idea that just because someone is a member of your birth cohort doesn’t mean they won’t fuck you over as badly as the older generations have already. 

    As for the final, now illustrious scene of Oliver swinging his dick (not fake, by the way) around throughout Saltburn to the tune of Sophie Ellis-Bextor’s apropos “Murder on the Dancefloor,” some might take issue with the flagrancy of such “nefariousness.” But the point, of course, is to emphasize that the rich themselves never felt a shred of guilt about how they amassed their own wealth, so why should someone like Oliver, who knows there’s no such thing as getting rich “honestly” (or without bloodshed-filled exploitation)? What’s more, the intensification of lusting after wealth without “working for it” was a phenomenon that crested as millennials came of age. Suddenly faced with the bleak reality that their own hard work, and the bill of goods they were sold by baby boomers about how it would ensure “prosperity” (or at least home ownership), was for nothing.

    And since that proved to be the “reward” for “obeying,” why not just take what one wanted by force and through any means necessary? The same way the forebears of the currently wealthy already did (and what the currently wealthy still do to ensure the proliferation of that wealth down the generational line). This, ultimately, is why Fennell succeeds in making her “millennial villain” come across more as a byproduct of the failure of capitalism than anything else. In which case, one must ask: villain or victim?

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    Genna Rivieccio

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  • Young Americans turn against Boomers over Social Security

    Young Americans turn against Boomers over Social Security

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    Younger generations in the U.S., including millennials and Gen Zers, are much more likely to believe that the Social Security system needs reforming than those in their 60s and 70s, according to a recent survey conducted by Redfield & Wilton Strategies on behalf of Newsweek.

    A majority of 63 percent of Americans “strongly agreed” (28 percent) or “agreed” (35 percent) that the Social Security system needs to be reformed, according to the Redfield & Wilton Strategies/Newsweek poll. Only 10 percent “strongly disagreed” (5 percent) or “disagreed” (another 5 percent).

    The poll was conducted on December 8 among a sample population of 1,500 eligible voters in the U.S.

    Some 40 percent of respondents said they believe that the Social Security program currently pays out more to retirees than it is receiving in Social Security tax payments, while 26 percent disagreed with this statement.

    Shoppers walk around Twelve Oaks Mall on November 24, 2023 in Novi, Michigan. A majority of millennials think that the Social Security program is making more payments than it receives taxes, according to an exclusive Newsweek poll.
    Emily Elconin/Getty Images

    Millennials (those aged between 27 and 42), Gen Zers (those aged between 18 and 26), and Gen Xers (those aged between 43 and 58) were more likely than boomers (those older than 59 years old) to think that Social Security should be reformed.

    According to the poll, 56 percent of Gen Zers, 76 percent of millennials and 69 percent of Gen Xers believed the system should be reformed, against 50 percent of boomers.

    There were also overwhelmingly more millennials (52 percent) thinking that the system isn’t getting as many tax payments as it was handing out benefits to retirees than any other generations, including Gen Z (39 percent), Gen X (25 percent) and boomers (39 percent).

    “In general, millennials and plurals—our name for Gen Z—are skeptical that Social Security benefits as robust as those retirees like me currently enjoy will be available to them when they retire,” Morley Winograd, author of three books on the millennial generation, told Newsweek.

    “They have been told by Republicans in Congress, seconded by deficit hawks in think tanks, that the money will run out before they can claim it,” he said. “None of that is true. But, luckily, the younger generation’s skepticism of experts and politicians will help prevent the kind of unnecessary tinkering with future, never present, Social Security payments that some older folks advocate.”

    While boomers are the richest generations on the planet, millennials remain burdened by the debt “many of them incurred by paying excessive and economically unjustified tuition prices when we decided to make them the first generation in American history to have the majority of the burden of paying for higher education fall on them and their parents,” Winograd said.

    The older generation has on average a net worth 12 times higher than millennials, who are worth an average of $100,000.

    What’s the State of the Social Security Program?

    Social Security is currently facing an uncertain future as it is expected to face a 23 percent across-the-board benefit cut in 2033, according to the Committee for a Responsible Federal Budget, unless something changes until then. For an average newly retired couple, that means $17,400 less.

    Fixing the Social Security system is becoming an increasingly urgent issue, according to Richard Johnson, director of the Program on Retirement Policy at the Urban Institute, a Washington-based think tank, told Newsweek.

    “By law, Social Security payments cannot exceed the program’s resources. The program now pays out more in benefits than it collects in revenue,” the expert said.

    While the Social Security’s trust fund is currently making up the difference, this trust fund is widely expected to run out by 2034. “When that happens, Social Security will be able to pay less than 80 percent of promised benefits,” Johnson said, citing the conclusion reached by several experts.

    “Unless policymakers fix Social Security’s finances in the next 10 years, millions of retirees and people with disabilities would plunge into poverty.”

    For Johnson, the solution might involve cutting benefits or increasing taxes—a change that would be unpopular among retirees, but necessary. “Fixing Social Security sooner rather than later would share the pain of any benefit cuts or tax increases among more people, reducing the pain for later generations,” Johnson said.

    Winograd is a little more positive on the outlook of the program, saying that a resilient U.S. economy could keep Social Security afloat.

    “Whether or not Social Security is able to maintain its current levels of payments or not depends on what assumptions you make about the performance of the U.S. economy in the future—an impossible thing to predict with any degree of accuracy,” Winograd said.

    “But, for instance, if the economy were to grow at the 5.2 percent rate GDP grew in the third quarter of this year, there would be no problem with Social Security benefits in the foreseeable future,” he said.

    “Of course, this is a difficult rate to sustain, but with disruptors like AI now starting to change the productivity rates of the U.S. economy in ways as profound as the internet and personal computing did in the go-go 1990s, there is no reason to believe that the U.S. economy won’t continue to outperform the expectations of most economists, who are still waiting to see if the recession they forecasted for last year and the year before arrives,” he added.

    “And, besides, if the system does turn out to need more money, it can be quickly and equitably raised by simply removing the income cap on paying Social Security taxes, which is one of the more egregious regressive elements of our current tax laws and very unpopular with young voters now flooding the electorate.”