An article titled 'Why millennials go on holiday instead of saving for a pension' appeared in the Financial Times last week.
It appears to have gone unnoticed until today - probably because of this tweet:
Which is kind of begging for the piss to be taken, TBH.
FT journalist rummages in drawer.. slowly pulls out "Youth Speak, 2005 edition" https://t.co/PIhyNgpUvP— Poppy Bullard (@PoppyBullard) February 16, 2016
The article says that Generation Rent are storing up trouble for themselves by not thinking about their long term financial futures - even though it concedes that to save £800 a month, you need to be on a salary of £60K.
Me, in response to the idea that I should be saving £800 a month towards my pension: pic.twitter.com/L0uSQl7vNX— Alice Tew (@BuckinghamAlice) February 16, 2016
It's been pointed out that maybe young people have other priorities.
CBA to save £800. CBA to eat. CBA to pay rent. CBA to clothe myself. All I spend my money on is backwards hats and pizza.— Steve Anderson (@steveanderson87) February 16, 2016
gonna be so sad when i am 80 and have no pension because i spent it all on things like 'getting to work' and 'food'— Barbara Speed (@bspeed8) February 16, 2016
@FT spending all my giant pound coins on puerto rico flags and buildings shaped like iphones— laissez fairy (@quendergeer) February 16, 2016
Also, that saving £800 a month might be easier if we actually earned enough money.
WELL DOUBLE THEIR FUCKING SALARIES THEN https://t.co/9fi6b68R9S— Jonn is sorry (@JonnElledge) February 16, 2016
And maybe we could source help from other places.
Seriously, though. Old people with three houses telling young people to save more money.— Jonn is sorry (@JonnElledge) February 16, 2016
Tax them. Tax them til they bleed.
Someone asked the FT to dispense more advice.
dear @FT - how should we, as millennials, save for our pensions?— Rossalyn Warren (@RossalynWarren) February 16, 2016
Or pointed out they don't need a pension because of their risk-taking millennial lifestyles.
Look how happy they are pic.twitter.com/NuwbXjB0gp— General Boles (@GeneralBoles) February 16, 2016
Others told the esteemed institution where to get off.
Maybe they're right, though. Maybe we are bad at managing money.
.@FT WHAT IS A PENSION. DOES IT HAVE AN APP. IS IT ON FLEEK. SEND HELP I JUST KEEP SETTING FIRE TO £800 A MONTH.— TechnicallyRon (@TechnicallyRon) February 16, 2016
@FT where do I get 800 of those curly Ls and once I get them where do I put them. thank you— gabagool respecter (@jimpjorps) February 16, 2016
But then, there seems to be a lot the FT doesn't know about either.
@FT what is the tone of this meant to be? Sympathetic or scathing? You can't be both— mild peril (@spacedog17) February 16, 2016
@FT also kinda misunderstands student loans and how that debt is paid off. But facts are boring, right?— Neil Johnson (@theneilthatruns) February 16, 2016
@FT This is all very familiar except rent being 25% of income - that would be a dream. Try 50%.— samuel (@samuelinvienna) February 16, 2016
Best of all, though, the FT has made sure that everyone - even silly millennials - can read the story, by dropping the usual paywall. How thoughtful!
Reminder that ft hacks have just called off a strike threat after an improved pensions offer #cba— laissez fairy (@quendergeer) February 16, 2016