“What may be more significant is that millennials could be forced into different spending habits due to changing prices. ” No, they’ll be forced into different spending habits because they don’t have a job. All because of an unnecessary, panic-induced act of mass self harm.
neil.simpson42
3 years ago
We’ve witnessed an interesting development with our two offspring. Both they and their respective partners have (so far) been lucky enough to remain in gainful employment through lockdown, either because they’ve been able to work from home or because their job has been in an essential service.
What they’ve experienced is their savings increasing by £1,000’s because they haven’t incurred child minding costs, work and leisure related travel costs, frequent dining out costs, frequent entertainment costs, frequent clothes buying costs, etc, etc. Whilst I expect some of this will change post lockdown, both our offspring have said that their priorities have changed and they will not be returning to the same level of spending they enjoyed before lockdown.
Basically, home entertainment, cooking and gardening hasn’t proved to be as bad or as boring as they’d feared. If this is a widespread experience and reaction then it doesn’t bode well for the oft repeated mantra of an economic bounce back.
David J
3 years ago
Interesting seeing those demographics. As rural dwellers in the upper age bracket, what do I and ALL my cohort most want in these weird times? Well, pretty much the same as millennials, meaning restaurants (aka country pub meals) and a haircut. Those desirables achieved, next up is UK and foreign travel, preferably when face masks and distancing are history. Which means we’ll leave vacation air flights until 2021 and beyond. For this summer, distanced garden events and outdoor eating are the thing.
“What may be more significant is that millennials could be forced into different spending habits due to changing prices. ” No, they’ll be forced into different spending habits because they don’t have a job. All because of an unnecessary, panic-induced act of mass self harm.
We’ve witnessed an interesting development with our two offspring. Both they and their respective partners have (so far) been lucky enough to remain in gainful employment through lockdown, either because they’ve been able to work from home or because their job has been in an essential service.
What they’ve experienced is their savings increasing by £1,000’s because they haven’t incurred child minding costs, work and leisure related travel costs, frequent dining out costs, frequent entertainment costs, frequent clothes buying costs, etc, etc. Whilst I expect some of this will change post lockdown, both our offspring have said that their priorities have changed and they will not be returning to the same level of spending they enjoyed before lockdown.
Basically, home entertainment, cooking and gardening hasn’t proved to be as bad or as boring as they’d feared. If this is a widespread experience and reaction then it doesn’t bode well for the oft repeated mantra of an economic bounce back.
Interesting seeing those demographics.
As rural dwellers in the upper age bracket, what do I and ALL my cohort most want in these weird times?
Well, pretty much the same as millennials, meaning restaurants (aka country pub meals) and a haircut.
Those desirables achieved, next up is UK and foreign travel, preferably when face masks and distancing are history.
Which means we’ll leave vacation air flights until 2021 and beyond.
For this summer, distanced garden events and outdoor eating are the thing.