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
Make us preferred on Google

"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 Kellyanne Conway; Donald Trump
Fox News; Kyle Mazza/Anadolu via Getty Images

Kellyanne Conway Just Tried To Claim Trump's Divisive Speech On The National Mall Was Actually 'Inclusive'—And The Delusion Is Real

President Donald Trump's former White House counselor Kellyanne Conway was criticized after she praised his speech on the National Mall on Wednesday night by claiming on Fox News that Trump extended an "olive branch" to people who didn't vote for him.

Trump's remarks themselves resembled a campaign rally more than the unifying and "inclusive" celebration organizers had promised. Within minutes of taking the stage, he criticized former President Joe Biden without mentioning him by name, declaring that the United States had recently been "a dead country" before claiming it had become "the hottest country anywhere in the world."

Keep ReadingShow less
Screenshot from @kelseycorky's video; AMC Theatres
@Kelseycorky/TikTok; Sheldon Cooper/SOPA Images/LightRocket/Getty Images

Woman Sparks Debate With Video Calling Out AMC Theater Conditions After Paying $60 To See Movie

Going to the movies after school or at the end of a long week was a favorite pastime for Millennials and Gen-Xers.

Until the pandemic, it was a pretty affordable experience, assuming the moviegoer was mindful about their purchases at the concessions stand.

Keep ReadingShow less
Toddler receiving red card on soccer field
@EpicClipVault

Little Boy Gets Red Card After Crashing Older Brother's Soccer Game In Hilarious Viral Video

The FIFA World Cup is in full swing in the United States, and like every other year, there's a healthy dose of cards getting thrown for bad or questionable plays.

But adorably, one team of young players was interrupted by an excited future soccer player.

Keep ReadingShow less
Woman stood up and blocked by date
@raphousetv2/X

Woman Speaks Out After Realizing After 45 Minutes That Her Date Dined And Dashed On Her In Viral Video

Not every first date is going to turn into a relationship, and not every relationship is going to last.

In fact, a person can end a date, friendship, or relationship for any reason that they want—though preferably, they'd be honest about it and not keep the other person guessing.

Keep ReadingShow less
Jo Frost
@jofrost/Instagram

'Supernanny' Star Speaks Out With Warning To Parents Who Aren't Allowing Their Kids To Learn Basic Life Skills In Viral Video

Jo Frost, a global parenting expert and a British TV personality known for starring on the hit reality show Supernanny, has finally spilled the tea on something she's needed to talk about for a long time: how children are growing up less and less prepared for adulthood.

In a video she initially shared on Instagram, Frost looks apprehensive at first, clenching her hands as she prepares the viewer:

Keep ReadingShow less