24% of those in Gen Z said they felt pressured by friends to take trips they can’t afford, per Empower.
I hate to say it, but this happened to me. My friends think I’m rich or something because I’m in tech and live comfortably (I’m not rich) and one has a wedding in Korea. I could tell layoffs were coming, so I didn’t go. Sure enough, I got let go. I haven’t heard from him since, but if I had gone it would have put me in a tight spot financially.
Just means they weren’t a true friend. Nothing lost. A real friend wouldn’t hold that against you.
I don’t know that he hold it against me. It just has become awkward
A real friend wouldn’t make it awkward lol
He hasn't talked to them how would he know if it's awkward
Yet a friend's wife making it awkward makes it awkward for everyone.
Cell phones work both ways so my question to you is did you reach out or send a message asking how they are and how the wedding went?
Your foresight is to be praised, it sounds like a simple decision but it's 🚫.
He’ll come around when he needs someone to talk to about the divorce.
Everyone I know is doing destination weddings to some extent. I don’t get how people can afford it
24% of Gen Z’s have asshole friends
I think a lot of Gen z kids just don’t comprehend others being tight on money and not being able to just do stuff like this regularly. One the flip side, a lot of Gen z won’t stick up for themselves and tell their friends what the deal is.
I don't think it's sticking up for themselves, it's just FOMO. Gen Z kids will flat blurt out that they're broke to strangers. They just don't think it's worth holding onto money for opportunities that will never come, it feels arbitrary, they're weighing out living a life vs not having one anyway even if they save up because some disaster or sudden expense will nyx it away anyway. They don't see a future for themselves but they're willing to juggle a little, which of course is anxiety inducing so they're aware that social pressures like spending too much exist.
I mean I agree with that for sure. I guess I was more so speaking on the 25% or whatever percent that feel pressured into it in reference to the title.
Definitely a lot of us are more carefree in the sense you speak, but that doesn’t mean we’re all just recklessly spending money on vacations we can’t afford.
We like to all tell strangers how broke we are so our pains are known to the system but telling your friends you can’t go on an awesome vacation with them cause you can’t afford it is a little different imo. It’s easier to tell strangers that than your close friends.
I would say a lot of silver spooners are this way. I had a friend in college (emphasis on “had”) who would be annoyed when we would go on trips and I would need to find a Wells Fargo atm more than once in a few days. He couldn’t seem to conceptualize that I pulled my last $20 out of the account 2 nights before.
Edit: this was 20 years ago.
100%, they literally just don’t understand
I would say Gen Z and Boomers are the most obsessive over social media for all the wrong reasons. I can’t tell you how many Gen Z I’ve seen thinking the stuff they see on social media influences is normal and is completely influenced into thinking that’s the lifestyle.
I also see articles about how Gen Z are prioritizing work life balance, but the truth is I see more of them doing things that are outside of their ability to afford because they see it on social media. So it’s not that they prioritize work life balance, it’s that they’re influenced by a lifestyle that is not sustainable. It’s not that I’m clowning on the idea of work life balance because it is important, but it’s the fact that bad financial habits is being disguised and justified as work life balance.
At the same time younger people wanting to travel and explore experiences is normal, but I would say peer influences definitely doesn’t help especially when many of them are influenced by social media.
I mean everyone is affected by the “keeping up with the Jones’s” aspect of social media imo. It definitely does skew the world’s view on what’s reasonably expected or “real”.
There’s a lot of blame being thrown at Gen z, but people are trying to do the best with what they’ve got. Unfortunately America is set up to where you either work to make money or you’re spending money, there’s not much free things to do with your time besides sit on your phone (which is a huge issue people complain about too).
It’s all a symptom of capitalism and the American culture.
Also just because cool things get popular on social media doesn’t mean that’s the only reason people do it. I’d say rich people are actually the most guilty of doing frivolous “social media cool things” like spending thousands on gold leaf stakes with some influencer dude cutting it all weird.
People going to expensive concerts is not the issue, the concerts being that expensive in the first place is the issue. I really don’t see gen z doing anything too crazy or out of line with past generations.
Would love to hear some examples of what you have in mind though!
😜
24% need to grow a spine and say no.
Peer pressures all ways going to be a thing
More like 24% of Gen Z don’t have the basic ability to resist peer pressure.
Solution: Don’t have friends
Way ahead of you.
I feel like this could happen at anytime under any economic conditions just due to age and stability. It seems low.
Really. This is silly shit.
Gen Z just soft we’ve all felt that way.
Lol I overspent on trips the first 4 years post college.....not my best decision but lots of fun
How does acknowledging something make you soft lol
Gen Zers don’t have the balls to say “no”.
Travelling to NYC, East Village in August? Who's with me? Don't be a coward! Live a little!
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3d
I take the Acela from Boston. I rent a little studio at 1st and 9th. Bought tickets for the Met. Bring your pizza money!
I bet you these college students get pressured to eat out everyday since they’re embarrassed to instagram their microwave ramen noodle
yea poor people keeping people poor.
it's called ✨ drawing boundaries ✨ sweaty, you should try it sometime.
(you can say no to invitations.)
You mean sweetie? ‘sweaty’ boundaries makes me think of safe words and such. ✨
You just don't get it sweaty. That's okay.
Did you just call me sweaty? I just showered and I’m clean!
Many young people can't take responsibility for anything. It's usually boomers they blame thou
I think if they polled any generation during this age range you would see similar results. I’m a millennial but I recall this moment as a big divider with my friend group. Unfortunately we all were on different financial paths and some could afford to take trips that others couldn’t. They weren’t actively pressuring but they wanted their friends to come and you could tell they were disappointed when they couldn’t. That alone puts pressure on you. You want to have fun with your friends, you don’t want to disappoint your friends and you don’t want to miss out.
Wow did I just come across a level headed and Logical take in this thread?
Still got to own it if you buy something you can't afford. Blaming others for poor life choices is something you should grow out of long before adulthood.
I don’t think saying they felt pressured equates to blaming or not taking responsibility.
correct. can't blame them. they went to schools that didn't hold anyone accountable.
Not just them. I have a homie who took on credit card debt to go to Italy with his gf. He’s 30
I was peer pressured to drink/smoke before I was 18, I didn't. I was pressured to do a slew of things in my 20s I opted not to do. If I knew I didn't want to deal with the ramifications of my own actions, I didn't do it. If they decide to take a multi thousand dollar trip and put it all on credit cards, that's all on them and them alone.
Vacation peer pressure?
Smells like shavings of baloney to me.
Wait until they get married….
I think this is the post I finally block this bot. Nothing it posts is related to unusual trading activity.
Don’t know, the whole point behind investing is to see the whole market for what it is, so if a quarter of people are traveling when they really can’t afford it can help explain other things such as unusual activity the market
Taken directly from the subs description: "A subreddit to discuss unusual options/stock activity"
It's not meant to be a whole market analysis sub. It's a niche for unusual trading.
It’s an avenue for shitposting, like 90% of Reddit.
Facts
I see a lot of people on my Instagram taking big trips. I wonder how they can afford it, but I figured since they have no kids and they have credit cards.
I’ve got a strong income and am single. My friends with kids make a lot less than I do but they’ve got bigger homes, better vehicles, more toys, and take multiple vacations per year.
One couple just took out another mortgage to pay off credit card debt. Others have underfunded or no 401k/investments.
Don’t worry you’re the one being left behind. A ton of these people, even into their 50s, are totally over leveraged and in terrible financial positions. They are spending far more than they earn and they think “I’ll pay it off later”.
Later never comes. They’re fucked.
I did month long trips to various countries spending 2500 max with flight. Some of the countries I visited: Vietnam France England Germany Czech Republic Switzerland Thailand Korea Japan Portugal Ireland
It’s doable and with ccs with flight points it could be cheaper.
Maybe they want you to come on vacation because they enjoy your company? Probably a better use of money that alot of other Gen Z spending
😂
I say no to trips I’m not interested in or if conflicts with job trainings lol
Calls on bkng
*****put pressure on themselves to take trips they can’t afford by seeing others do it on social media
reee
I communicate with all my friend couples clearly that I'm 100% totally fine not being part of their wedding. We are still great friends, and congrats to both. But I don't need that sort of travel stress for a 3 hour event.
They’re not true friends if they pressure you into over extending your financial situation. My fiancé and I are in the middle of planning a destination wedding to Bali now and understand although we are in a situation to afford it that not all of our friends might be.
With it being in Bali, we told everyone that if they are unable to take a whole week off that the amount of travel required for it would not make it worth it or if it’s too expensive or it’s just not a place they wanted to travel to that there would be no hard feelings and we completely understand.
Figured it was best to be up front with everyone to alleviate any stress for them to communicate that they wouldn’t be able to attend. We also have traveled quite a bit in the past which I estimate budgets for prior and calculate all expenses at the end to see how close I was and where I was off. I created a range estimate of how much I believe the total trip will cost everyone and let them know a year and half in advance.
I’m confident that my estimate will be within 10% but if for some reason it is anymore than that I have discussed with my fiancé and we plan to cover anything more than that to avoid passing along any unexpected costs to our friends.
We’re grateful for the friends we have and do not want to make it all about us so we’re only asking for two days of their time to commit to us, bachelor/bachelorette party and the wedding day, other than that we want them to feel it’s their trip just as much as it is ours.
Are we talking random trip or friends wedding? Have the balls to say no to a random trip you can’t afford, likewise, have the balls to say yes to a wedding you can’t afford. If your friend isn’t a douche it should be the only wedding they have and true once in a lifetime opportunity to celebrate them.
No is a complete sentence.
If you lose a friend over this then they weren't your friend anyway, and you're better off.
Jokes on you I have no friends… oh…
That’s called being a dumbass
Meanwhile millennials are jealous that gen z ever had this option in their 20s while we were dumpster diving and praying for a minimum wage job
Shit I feel pressured by my pops to buy a home but I'd rather take trips and make memories
Generation full of doofs.... When I ain't have it I ain't go
Vote for Trump to end this. We can’t afford anything because the government is taking all of our money away.
Think for your self
Trips were cheaper for us millennials. I remember growing up you could get 5 hits of acid for $20 and go on a trip for days.
I’ll be damned.
Not Gen z, but this is true
I travel to Europe from NYC solo several times a year and I ask my friends to go just so that they can’t say I don’t invite them. I am always happy when they say they can’t go because in a country where I don’t know anybody is the only time I get peace & quiet
I have seen a friend leaving the group because they group is crazy, they go on vacation just to take photos of themselves where they "dress in the same theme and color". It becomes way too expensive for her.
Back in my day, peer pressure was all about smoking the refeer.
I can confirm this. I did a volunteer project last week for work and stood across from two young ladies the entire time. I listened to them bragging to each other about all of their trips and cruises and flights and resorts and upcoming trips and wondered how the hell they could afford it all. They're CSR's for crying out loud!
Either Daddy has money or those credit card bills are getting fat.
And 26% don't have real life friends and 50% don't have friends that can afford trips themselves
Destination weddings (or bachelor / bachlorette parties) probably can't improve a friendship much but they can certainly end one fast