Given rent, saving for house downpayment, student loan payments, auto loan payments, and possible childcare/healthcare costs, I don’t think we live in the same reality (based on income statistics). Perhaps you are only referring to doctors/software engineers/lawyers/IB/PE employees?
>I’m not telling you to forgo partying. I’m telling you to pay yourself first, before you do. Don’t max out a credit card for a trip. Don’t cover the table’s check when you only have $200. Be responsible, but still have fun.
This is very different than:
>Save, invest, max 401k, before you go off and party.
These things all come after savings, not before. If you can't afford them using post-saving money, then you need to get a better job, or a cheaper living conditions. Easier said than done, I totally agree, especially nowadays. But that's the mentality you need to really take saving seriously.
People still have the power. Always have. They just need a reason to wield it.
The old need a way to maintain a socioeconomic order where they can continue to get labor from the young, but demographics are going to make that harder and harder.
Why can't you just admit that millions of young people are being intentionally screwed out of what we consider to be a basic standard of living?
I’m not telling you to forgo partying. I’m telling you to pay yourself first, before you do. Don’t max out a credit card for a trip. Don’t cover the table’s check when you only have $200. Be responsible, but still have fun.