Skip to content
Search AI Powered

Latest Stories

This Laughably Unrealistic 'Budget Breakdown' Of A Money-Conscious Millennial Has The Internet Rolling Its Eyes Hard

This Laughably Unrealistic 'Budget Breakdown' Of A Money-Conscious Millennial Has The Internet Rolling Its Eyes Hard
@CNBC/Twitter, @krista515all

"How Millennials Should Spend Their Money" articles are something everyone is familiar with at this point. They make a concerted effort to make it seem like any money problems are simply a result of unwise spending, and not of an utter lack of sufficient income. Avocado toast, anyone?


Along this same vein, CNBC posted the following infographic to twitter, from their Millennial Money:


The very idea that $100k per year is an average salary is laughable (or cry-able, if you're one of the many earning significantly less than that). Reading the linked article, which features 25-year-old Trevor Klee, just makes things worse.

You are greeted with the following video caption upon opening the article:

https://www.cnbc.com/2018/12/20/budget-breakdown-o...

If you look back at the infographic, you'll see that he is paying only $825 in rent. In Boston.

Reading further reveals that he has 4 roommates, so some expenses are split 5-ways. His ability to have surplus income is beginning to make sense.

When discussing starting out working for himself as a test-prep tutor in Cambridge, he says, "I had no money. I had savings, but I had no income, so I desperately needed to find people."

Given many people's inability to earn enough to pay bills, let alone have savings, the idea that having savings means having "no money" is ludicrous to many.

CNBC even goes so far as to quote Trevor calling himself a "terrible employee", adding further insult to injury.

Twitter had a field day with CNBC's post.




Many also expressed varying levels of anger and disbelief.





Given that Klee is a Princeton grad, the lack of student loan payments are especially surprising. Ivy League schools are not known for being affordable.

Even members of older generations showed up to call CNBC out.



All-in-all, this share from CNBC only serves to show how out of touch they are with the financial reality facing many young Americans.

More from Trending

Screenshot of Sanae Takaichi and Donald Trump
MS Now

Room Goes Silent After Trump Makes Super Tone-Deaf Joke To Japanese Prime Minister About Pearl Harbor In Shocking Video

The audience in the Oval Office went silent after President Donald Trump made a tone-deaf joke about the attack on Pearl Harbor to Japanese Prime Minister Sanae Takaichi following a question about why he kept his attack on Iran a "surprise."

Trump was wrapping up a Q&A with reporters during a bilateral meeting with Takaichi when a Japanese journalist pressed him on why key allies—like Japan—were not notified ahead of the attack on Iran on February 28.

Keep ReadingShow less
Screenshots from @torimosser's TikTok video
@torimosser/TikTok

Woman Says Stranger On TikTok Helped Save Her Life After Dangerous Medical Misdiagnosis

It is far too common for women's health concerns to be dismissed in the United States, especially when it comes to chronic conditions and pain levels.

Diagnosed with several chronic conditions, 23-year-old TikToker Tori Mosser reflected on years of painful stomach cramps and painful episodes when she finally was able to share that she'd received a diagnosis: Cyclic Vomiting Syndrome (CVS).

Keep ReadingShow less
Images from u/South-Basket-887's post in the 'Mildly Infuriating' subReddit
u/South-Basket-887/Reddit

Landlord Sparks Debate After Warning Tenant About Leaving Small Appliances Plugged In

Many of us have had to live in a rented space at some point in our lives and had to deal with landlords, some of whom can be very imposing and let the power of having tenants go to their heads.

But most of us probably didn't receive special notes from our landlords detailing the little observations they noticed about our lifestyles while doing a surprise inspection.

Keep ReadingShow less
Mark Zuckerberg
Celal Gunes/Anadolu via Getty Images

Meta Is Shutting Down Its VR 'Metaverse' After Spending An Obscene Amount Of Money Building It—And People Are Roasting Mark Zuckerberg Hard

Meta CEO Mark Zuckerberg was roasted online after Meta announced they'll be shutting down Horizon Worlds, part of their virtual reality "Metaverse," this summer after spending close to $80 billion on the project.

The news comes five years after Zuckerberg declared the metaverse to be the future of Facebook, even renaming the company Meta to reflect that vision. In recent months, Meta cut roughly 10% of the workforce in its "metaverse" division and signaled a shift away from virtual reality for its flagship platform, Horizon Worlds, where users interact through avatars.

Keep ReadingShow less
Screenshots of Rand Paul and Markwayne Mullin
C-SPAN3

Video Of GOP Senator Picking A Fight With A Witness Replayed During Contentious Senate Confirmation Hearing

Kentucky Republican Senator Rand Paul confronted his GOP colleague, Oklahoma's Markwayne Mullin, President Donald Trump's pick for Secretary of Homeland Security, over his "anger issues," even presenting video evidence.

Earlier this month, Trump announced he will replace Kristi Noem as Homeland Security Secretary with Mullin. Trump said Noem will instead take on the role of Special Envoy to the Shield of the Americas, a newly created organization intended to foster a right-wing alliance across South America.

Keep ReadingShow less