Well, every one of us would have dreamed about having car and house atleast once during teenage. But the research says a contradictory and an astonishing fact about this.
Here it goes….
American Research says that the people who are now 30-35 years old are not showing any interest in buying super expensive things. In the USA, people under the age of 35 are called ’the generation of renters.’
Youth Re-coined The Term Success
There is a potential difference between our parents’ generation and today’s generation.
Voice Of Youth
They say; to be successful, don’t buy property and cars. Invest in startups, gather more experiences, travel and participate in sports.
Youth of today’s generation are not looking for stability, in fact they prefer to work in flexible time schedules and to have financial independence.
According to Forbes, modern young people change jobs every three years on average.
James Hamblin, The Atlantic’s columnist, explains the phenomenon as follows: ’Over the past decade, psychologists carried out a great amount of research proving that, in terms of happiness and a sense of well-being, spending money on new experiences is much more profitable than buying new things. It brings more joy.’
Youth says having expensive things brings more worry. If you have a car, then insurance is mandatory and every time needs to check any scratches on car. If you buy a house with expensive furniture then it brings fear of robbery. Our parents couldn’t travel more and invest in business. They opted for house and car.
But we, buy experiences and gather memories not property.
What's your opinion? Do you also agree with them?