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Millenials blame climate change for lack of savings – No 401k

Who needs retirement savings if the world’s going to fall apart?

(Those who believe Big Gov are also those who expect to get government help when they need it).

Climate change is the ultimate multipurpose excuse for pretty much anything you want:

Young people blame climate change for their small 401(k) balances

by Kari Paul

Like many people her age, Rodriguez believes climate change will have catastrophic effects on our planet. Some 88% of millennials — a higher percentage than any other age group — accept that climate change is happening, and 69% say it will impact them in their lifetimes. Engulfed in a constant barrage of depressing news stories, many young people are skeptical about saving for an uncertain future.

Rodriguez says. “The weather systems are already off, and I don’t think it’s hyperbolic to be a little apocalyptic.”

Being raised on climate propaganda might not be good for your health:

The number of individuals between the ages of 18 and 25 reporting symptoms of major depression increased 52% from 2005 to 2017, while older adults did not experience any increase in psychological stress at this time,

But it could be another catastrophe that really is to blame

“What happened in 2008 was an incredible financial flashpoint for millennials,” he says. “After watching their parents lose a job or a home, millennials are contending with a deep distrust for financial institutions and the stock market. That brings out catastrophic thinking, because they’ve already seen a catastrophe.”

Don’t trust “capitalism” but do trust “government committees”?

 The number of millennials who view capitalism positively fell from 68% in 2010 to just 45% in 2017.

Perhaps climate change is partly to blame because it has pushed up energy prices. As people run out of disposable income to pay higher energy prices they may not have any money to save.

h/t Pat

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