Millennials Aren’t Saving Because They Think Capitalism Will Be Finished By The Time They Reach 65

Posted: Mar 20, 2018 7:36 AM

I have to apologize for my generation. I mean there’s the appalling affinity for the Democratic Party, the safe spaces, the anti-free speech antics, the triggering, and the fetishistic fixation on victimhood through the patriarchy. A lecture on intersectionality, you say. I’d rather chug bleach. So, I guess it wouldn’t shock you at all that Millennials aren’t saving because they think capitalism will be a thing of the past by the time they reach 65. Emily Zanotti of The Daily Wire has more

Some millennials aren't saving for retirement in the hopes that by the time they reach age 65, Capitalism will be a thing of the past.

In an incredible article on Salon, a full two-thirds of millennials admit that they haven't started a savings account for their golden years. But, perhaps more shocking, a significant group of millennials seem to believe they don't need to, because by the time they're old enough to stop working, America will have become a Socialist Workers paradise which will no longer require them to meet financial obligations.

Most of the millenials Salon cites have typical millennial money woes. People entering the job market in the last decade have found themselves largely in a gig economy, faced with mounting student debt and fewer jobs that offer benefits.

Universities are charging more for four year degrees, even though the market demand for, say, degrees in Beyonce Studies is remarkably low, because the government freely hands out student loans, regardless of risk.

Now, there is hope. Yes, young Americans give socialism high marks, another statistic that makes me want to vomit, but that support drops when—you guessed it—they find a job, start making money, and begin to pay taxes.