Experiences not things: why aren’t Gen Y ‘adulting’ at 25?

Some say Gen Y can’t adult.

Others say they’re self-absorbed, tech-reliant idiots who ride the wave of their parents’ hard work (yikes, harsh).

But the actual truth is that they’re the most influential, powerful, transnational consumer market in history – and growing.

As young people start earning their own money and making big life decisions (in case you were wondering, yes, extra guac is always a good idea), they’re changing the economy as we know it in a big way.

Spending more, doing more, living more: Gen Y lifestyle choices are driven by their aspirational values.

Home sweet home

Despite the fact that they’ll most likely face pressure from their parents (and society) to:

  • Go to uni
  • Get a job
  • Save up
  • Buy a house
  • Settle down with a significant other
  • Pop out 2.3 children, and
  • Adopt a puppy…

They’re actually:

  • Traveling straight after school
  • Studying something that probably wasn’t around 20 (or even 10) years ago
  • Changing jobs at least 12 times before they turn 30
  • Moving interstate or internationally
  • Having kids later in life
  • Being pickier about who they settle down with, and
  • Quite frankly, a golden retriever just doesn’t fit into that plan.

The reality is that they’re spending their disposable income (and believe us, there’s a lot of it) on life experiences, travel and yes, occasionally, extra guacamole on their Mexican takeaway.

A common theme is exploring in your 20s and 30s (while you’re able-bodied), then settling into a settled routine.

So moral of the story is this: don’t feel bad if you don’t have a mortgage or a stack of cash saved up for retirement. Why wait till you’re over 50 to experience the good life?

 

Where we got our info:

HubSpot

Bandt

Forbes

 

Quick heads up: the above links belong to a variety of websites and not Nimble, so clicking on, and using them, will take you away from Nimble’s website meaning we’ve got no control or responsibility over the content. The information is provided for information purposes only and does not constitute advice. You should conduct your own research regarding the information mentioned in this blog post. All images are sourced from www.stocksy.com under licence. The information contained in this blog is correct at the date of publication.

2 comments on “Experiences not things: why aren’t Gen Y ‘adulting’ at 25?

  1. yahyah September 19, 2016 1:01 pm

    i am still on the phone , I have been on the phone for about 45mins and I am still on the phone waiting to be served as a Customer, I am very sadly disappointed in the way things went today for me as a New Customer at that!..

    • The Nimble Team September 19, 2016 1:31 pm

      Hey there,

      Apologies for the long wait time!

      If you like, send us an email to customercare@nimble.com.au with your contact number so we can give you a buzz back – this will save you waiting on the phone!

      Alternatively, we have Live Chat on our website.

      Cheers,
      The Nimble Team

Leave a Reply

Your email address will not be published.