MILLENNIALS DO SOMETHING BETTER THAN BOOMERS

I guess doing stupid shit crosses generations. Even though Millennials are saddled with hundreds of billions in student loan debt, have either no jobs or shitty low paying jobs, live in their parent’s basement, and already waste what little money they have on electronic iGadgets, they still manage to eat out at restaurants at an astoundingly stupid level. Boomers, who should have accumulated a significant nest egg after 30 or 40 years in the workforce, spend 10.6% less per year at restaurants than supposedly broke, negative net worth Millennials. I guess marketing propaganda and complete lack of math skills taught in our public schools have worked their magic. The delusion of getting something for nothing and debt based consumption lives on.

Via Marketwatch

Who spends more eating out, Millennials or Boomers?

Shutterstock

Millennials love their restaurants.

Never mind the burden of student-loan debt and those low paychecks. Millennials—or at least those between 25 and 34 years old—spend more money on food outside the home than Boomers do.

Millennial households spent an average of $2,639 a year on their burgers, pizza, coffee and more in 2013, according to The Food Institute, a food-industry group. That’s 10.6% more than the $2,386 that the average Boomer household spends eating away from home.

Put another way, 43% of every dollar that millennials spend on food is spent outside their home. Boomers spend between 37% and 38% of their food budget that way, the industry group said.

And millennials won’t settle for what their Boomer parents ate—which helps explain the popularity of Chipotle Mexican Grill Inc. CMG, -0.66% and Shake Shack Inc. SHAK, +118.57% whose shares more than doubled on their trading debut Friday, and the accompanying struggles of McDonald’s Inc. MCD, -0.89%

“They’re looking for a little more upscale experience,” said Brian Todd, The Food Institute’s president.

At least two other factors help drive their restaurant spending: They tend to snack more than Boomers (hence those trips to Starbucks) and they are less likely to know how to cook, he said.

 

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llpoh
llpoh

Damn, TE, you are starting to sound like my mom. Next thing you will be telling us to pick up our socks.

TE
TE

@Llpoh, sucks when 100 years of science still can’t explain the things our great, great, grandmothers took as fact.

I could care less about the socks, clean, dirty, floor, dresser, matters not to me.

But health, now THAT I’m becoming passionate about. I’m tired of having my heart break as I watch people being led to pain, and quick fixes, short-term savings are utilized with no thought of our future.

My grandgift and daughter deserve better. So much better.

Iska Waran
Iska Waran

The tats stuff reminds me of Dean Wormer: Fat, drunk, stupid & tatted is no way to go through life, son.

backwardsevolution
backwardsevolution

Stucky – thanks. I’ll get the book from the library.

TE
TE

@T4C, I assumed he meant in HIS house.

In MY house, leaving socks lying around the floor (or underwear, or bath towels, or clothing) means you are going to eventually run out of clean clothes. Then you will learn that lack of forethought on your part does NOT equate to an emergency on mine. Both my kids have had the day when they had to smell dirty socks and find the cleanest pair – those days just happened to be about 20 some odd years apart.

I won’t nag though. I have a rule, I tell you once, remind you once again, then when the day comes – and it surely will – that I have to do it for you, I’ll only do it once. My son still laments the loss of things from his childhood. Though the list isn’t long, he caught on quick.

llpoh
llpoh

TE – reminding is nagging.

Sensetti
Sensetti

T4C all the tats show a lack of critical thinking skills. As I stated, 20 years down the road Minnie’s will understand that. But until then,Ink is in!

llpoh
llpoh

T4C – bah. We have a chute thingey so we can drop our clothes straight from the second floor right into the laundry. Sweet! Had it designed when we built the house.

yourmotherwaswrong
yourmotherwaswrong

@TE

“If we are supposed to believe that the average spending on food per day is less than $7 either in or out of restaurants someone is delusional.”

Are you delusional TE???

When was the last time you purchased “calories” from McDonalds?

yourmotherwaswrong
yourmotherwaswrong

hardscrabble farmer says:

“The average American male calorie intake is 2,700… No one in the USA is living on $7 per day in spending on “food outside the house”, i.e. prepared
foods/restaurant/coffee shop/fast food fare.”

This is demonstratively false.

Kill Bill
Kill Bill

He eats tuna -bb

DO NOT feed your cat tuna. It will wreck it’s liver. Cat’s do no not, by nature, eat tuna. Give it canned chicken instead

Floyd
Floyd

I must be an outlier- 32, male, shops at farm markets & local butcher shops on sat/sun mornings. Cooks these foods during the week for dinner, brings own lunch to work, drives a used and fully owned vehicle. Avoids debt, has no tattoos. Hasn’t been on the bar scene in years.
Hey Admin- you surely must have a ravishing young lady in the family eager to meet Floyd over here, right?

Llpoh
Llpoh

Intentionally disfiguring one’s self as a statement/expression of individuality has to be the height of stupidity.

I love it when these dipshits say “don’t judge me for my tatts!” I respond why the fuck not? I judge people by their actions, and getting a tattoo is certainly an action. A seriously stupid action.

So, I associate stupid action to stupid person. Or at least to a person that lacks good judgement.

And women with tramp stamps give me the heebie jeebies.

Llpoh
Llpoh

T4C – mine does not look like a brass lid to a squat toilet, unlike the one in your photo.

Ours is tasteful and matches the decor. Somewhat like the second one, but it actually is closet size, with storage top, and chute at bottom. It does not look like a chute until you open the closet-like door.

We had real estate folks in to value the place as we look to move later this year to the doomstead. They spent most of their time oohing and ahhing over the chute. And the kitchen. We have a very nice kitchen.

Llpoh
Llpoh

Floyd – you sound like a good prospect for eligible women, so very shortly you should get the pick of the litter. Women wise up around thirty or so. Prior to that, they are all about looks and such. After thirty they come to appreciate responsible husband material a helluva lot more.

Kill Bill
Kill Bill

I have no tats…my daughter, a millennial, has one, very small but not noticeable, a butterfly IIRC and, so far, has no inclination to get more.

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