Baby boomers vs Millennials

[gmh1013]

In a Mustang Club meeting....the youngest is 54 ....oldest is 73....the big diff between the two. The reason was trying to find out why no members were young...and how to get some fresh faces in.

My contribution was "they dont like cars" or could care less about high HP gas guzzling auto.....they prefer elec or hybrids.

The Humor to me is strange....I can watch something that is made for them....never crack a smile.

They hate food chains.....like olive garden....was another

Hate malls

Music taste another.

The tat stuff...ive never figured that out myself....i have none.....but if you think they look good go for it ....

They dress strange ....to us.

In closing the meeting i pointed out it was pretty hopeless ....im sure they are some 25-35 that like cars....but they are far and few. One of members son who is 29 I think raised his hand and said " You guys are forgetting one thing....we have no money....if somebody wants to give me or buy me a Mustang I will be your friend the rest of your life....but the biggest reason is cost and then ins...its not worth it for a car that cost 700+ a month. Then his next question was how many paid cash for the cars....about 75% raised there hand....you guys have money to throw away and we dont that is the biggest factor.
Now i feel bad that Im one person that owns three cars......thinking to buy another so 4 I have cars to drive.

[dddrees]

Originally Posted by gmh1013

In a Mustang Club meeting....the youngest is 54 ....oldest is 73....the big diff between the two. The reason was trying to find out why no members were young...and how to get some fresh faces in.

My contribution was "they dont like cars" or could care less about high HP gas guzzling auto.....they prefer elec or hybrids.

The Humor to me is strange....I can watch something that is made for them....never crack a smile.

They hate food chains.....like olive garden....was another

Hate malls

Music taste another.

The tat stuff...ive never figured that out myself....i have none.....but if you think they look good go for it ....

They dress strange ....to us.

In closing the meeting i pointed out it was pretty hopeless ....im sure they are some 25-35 that like cars....but they are far and few. One of members son who is 29 I think raised his hand and said " You guys are forgetting one thing....we have no money....if somebody wants to give me or buy me a Mustang I will be your friend the rest of your life....but the biggest reason is cost and then ins...its not worth it for a car that cost 700+ a month. Then his next question was how many paid cash for the cars....about 75% raised there hand....you guys have money to throw away and we dont that is the biggest factor.
Now i feel bad that Im one person that owns three cars......thinking to buy another so 4 I have cars to drive.

I think you may have missed another diffrence. I think more of them will never have that money than previous generations.

[Keadog]

Originally Posted by dddrees

I think you may have missed another diffrence. I think more of them will never have that money than previous generations.

This is an important point, and not just for car clubs. If you consider massive college debt (even with a job good enough to make the payments), the cost of housing and the inability for many young people in the "desirable" areas (ie, unaffordable for most people, regardless of age) to ever own, this generation may never dig out of the hole they have collectively put themselves in.
And, many young people I know just don't care about cars at all. My son grew up with a Porsche of some sort in the garage from the time he was 5. He didn't even feel the urge to learn to drive a manual so he could drive them. He's had two A6 Audis and his dream is sitting in the back seat playing video games or doing work on the way to his (good) job.
I don't get tats either. At all.

[hyzhenry]

Originally Posted by Keadog

This is an important point, and not just for car clubs. If you consider massive college debt (even with a job good enough to make the payments), the cost of housing and the inability for many young people in the "desirable" areas (ie, unaffordable for most people, regardless of age) to ever own, this generation may never dig out of the hole they have collectively put themselves in.
And, many young people I know just don't care about cars at all. My son grew up with a Porsche of some sort in the garage from the time he was 5. He didn't even feel the urge to learn to drive a manual so he could drive them. He's had two A6 Audis and his dream is sitting in the back seat playing video games or doing work on the way to his (good) job.
I don't get tats either. At all.

I do agree with most of your points. But it is also a lot easier to start your own business as well. I think there'll be a bigger wealth gap.

[joli160]

Originally Posted by dddrees

I think you may have missed another diffrence. I think more of them will never have that money than previous generations.

Very true

[Valenciawatchrepair]

Because they've been fed entitlement and debt as they grew up. They don't have cars, but they have an iPhone and a smart watch. They probably have a few digital subscriptions too. I'm 35. And even back when I was 20-25 and an E3/E4 in the Navy, people thought I "had money" because my car looked nice. Little did they know my 10 year old Camaro cost me $4000 cash and my next car, a 1998 Cadillac STS, I scored for a song and was immaculate. New that car was $53K. I think I got it for $12k? Meanwhile, they're paying $400 or so a month on the bottom of the barrel Altima/Accord/etc. Again, thinking that I am somehow loaded. These are also the same people that had a house and two cars while I had the old car and living with room mates.

[AzHadEnuf]

Tough one a figure out Greg. I’ve had my GT for almost 2 years. My 21 year old son has never driven it, I’ve offered but he doesn’t know how to drive a manual trans nor cares to learn. Now his ‘05 Forerunner that’s a different story.

[Terrakot]

I'd happy to buy a Mustang but all I can afford - Rolex(

[singe89]

I'm a older millennial and my friends and I are into classic and modern cars including on and offroad race cars.

The younger millennials (sub 30) in my office seem to love cars as well but they see them as unattainable because they focus too much on immediate gratification. They claim they are broke making $80-$100k+ per year but drink $25+ bottles of wine, $5 cans of cut water and eat out and pretty nice restaurants everyday.

[Valenciawatchrepair]

Originally Posted by singe89

I'm a older millennial and my friends and I are into classic and modern cars including on and offroad race cars.

The younger millennials (sub 30) in my office seem to love cars as well but they see them as unattainable because they focus too much on immediate gratification. They claim they are broke making $80-$100k+ per year but drink $25+ bottles of wine, $5 cans of cut water and eat out and pretty nice restaurants everyday.

BROKE?? WOW! That's nuts.

[singe89]

Originally Posted by Valenciawatchrepair

BROKE?? WOW! That's nuts.

They do live in SoCal so rent is pretty expensive but they also choose to rent in Encinitas very close to the ocean. Guess more to the immediate gratification like they deserve to be able to live on the coast.

Actually overhead a few of them talking today that they will never be able to afford a house. Yes real estate is expensive here but there are less expensive options inland. They would rather have a lifestyle now than save for later.

[SearChart]

Ahh, the good old generalisation of an entire generation. Ignorant and unsuited for this forum IMO.

[Wools]

Originally Posted by SearChart

Ahh, the good old generalisation of an entire generation. Ignorant and unsuited for this forum IMO.

Perfectly put.

[Johny]

Originally Posted by SearChart

Ahh, the good old generalisation of an entire generation. Ignorant and unsuited for this forum IMO.

I spoke to a young person this year....

[SearChart]

Originally Posted by Johny

I spoke to a young person this year....

That weird skinny Dutch guy?

[Dilemma]

Originally Posted by SearChart

Ahh, the good old generalisation of an entire generation. Ignorant and unsuited for this forum IMO.

Well you’re right and you’re wrong. Agreed. The generalization is ignorant. Just curious; in your estimation, what *is* suitable for discussion here? Wine? Got that. Food? Yup. Houses? Check. Photography? Covered.

People have been complaining about ‘Kids these days’ as long as there’s been kids.

[superstarmar]

Originally Posted by singe89

I'm a older millennial and my friends and I are into classic and modern cars including on and offroad race cars.

The younger millennials (sub 30) in my office seem to love cars as well but they see them as unattainable because they focus too much on immediate gratification. They claim they are broke making $80-$100k+ per year but drink $25+ bottles of wine, $5 cans of cut water and eat out and pretty nice restaurants everyday.

Ummmm , maybe being a little frugal might help them out
a little? That's great money and should be easy to obtain some
great goals in life besides $25+ bottles of wine that could be
easily replaced with $10 and invest in a reverse osmosis in home
water system to save them the $5 cut water daily spending ?

[singe89]

Originally Posted by superstarmar

Ummmm , maybe being a little frugal might help them out
a little? That's great money and should be easy to obtain some
great goals in life besides $25+ bottles of wine that could be
easily replaced with $10 and invest in a reverse osmosis in home
water system to save them the $5 cut water daily spending ?

Exactly what I told them. Few of them got raises mid year and told them to use the difference in pay to max out 401k, pay off student loans or put a savings account aside for a down payment on a home. Instead two of them moved into a nicer rental condo on the ocean. One of them is from the east coast and even pays to upgrade do first class when he goes home for the holidays. Feel like I can’t get through to them.

[kearez]

Originally Posted by singe89

One of them is from the east coast and even pays to upgrade do first class when he goes home for the holidays. Feel like I can’t get through to them.

I've met a lot of people like this, and its all generations, have to have it now and cant see forward to the future. We received a nice little performance bonus, this year. For myself went straight into my Roth IRA, another colleague blew it all on top of the range electric bikes and another bought a week on a cruise.

I'm a millennial late 20's, and can agree we prefer experiences to material goods, the experience will last you a life time whilst an expensive car will only last a few years, plus the additional hassle, now an increase on insurance.. more petrol etc. Isn't worth unless you have a lot of disposable income

[Andad]

Well, you can’t drink RO water Mario without the full system and that can be worth a few $$’s to maintain.

[superstarmar]

Originally Posted by directioneng

Well, you can’t drink RO water Mario without the full system and that can be worth a few $$’s to maintain.

True , I forgot how much mine cost ...
In the long run I think you still save...

[ltmgeller]

Originally Posted by Terrakot

I'd happy to buy a Mustang but all I can afford - Rolex(

[capote]

Keep it down and get off my lawn

[Burlington]

I just bought my first car for 8 years. Got to say it’s nice to be back driving the same vehicle again each day instead of churning through rentals.

Although I’m sure I will miss the variety sooner or later.

I do think it’s a shame when people learn exclusively on an automatic gearbox. It’s my preference now, but having the ability to switch between the two is a skill good motorists should have.

[Knappo 1307]

Uber...

[Cru Jones]

Probably because sports cars generally tend to be for an older crowd (more “fun” money/kids flew the coop) and Mustangs specifically are more for the retro/Steve McQueen set? Don’t take that the wrong way, I like a lot of Mustangs! But I’m a little younger and need more seats and space for the kids. ;-)

I really don’t think this a “millennial” thing....

[austinp]

The millennials I'm in contact with regularly are all doing very well. Advancing in their careers buying starter homes and planning to start a family. They dont have student debt. Some had parents pay for college others paid their way while working. All colleges are not overly expensive. Florida non private colleges are within reach for any responsible person.

[Ferdelious]

I'm in my late 30's and don't consider myself a millennial. I've always loved cars, it's something my father instilled in me as he was a collector. I learned how to drive stick on an 80's Testarossa, beast of a clutch. And while I still appreciate nice cars today it's not that important to me anymore, my wife and I each drive Toyotas. I'd rather pay down my house and save than drive an expensive car or collect cars. But I'm probably not the age group you're referencing.

One thing to consider, before the age of computers and smartphones getting your drivers license and first car meant true freedom. It was a way to experience things and explore with your friends. Now there is so much brain stimulation at the palm of your hand it's easy to see what kids today don't want to leave their house.

[Valenciawatchrepair]

Originally Posted by Ferdelious

I'm in my late 30's and don't consider myself a millennial. I've always loved cars, it's something my father instilled in me as he was a collector. I learned how to drive stick on an 80's Testarossa, beast of a clutch. And while I still appreciate nice cars today it's not that important to me anymore, my wife and I each drive Toyotas. I'd rather pay down my house and save than drive an expensive car or collect cars. But I'm probably not the age group you're referencing.

One thing to consider, before the age of computers and smartphones getting your drivers license and first car meant true freedom. It was a way to experience things and explore with your friends. Now there is so much brain stimulation at the palm of your hand it's easy to see what kids today don't want to leave their house.

I think your age and mine(35) is the fringe of it. I know many my age that are full on typical "millennial." I can't stand it.

[singe89]

Originally Posted by Valenciawatchrepair

I think your age and mine(35) is the fringe of it. I know many my age that are full on typical "millennial." I can't stand it.

same here. 36 and dont lump myself in with with the typical millennial stereotype. However, I have two younger brothers, 28 and 25 and they both are your typical millennials. Both still live at our mom's house, "going to school" and heavily focused on electronics/video games. They are both amazing people but dont see them wanting to sacrifice/put in the really hard work for the long term.