Author Topic: 'Psychologically scarred' millennials are killing dozens of industries  (Read 6836 times)

WhiteTrashCash

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The funniest thing I've read in the news lamenting about Millennials is how Millennials don't like to go to casinos and play slot machines. Ha! They thought Common Core math was ineffective. Now the kids know how probability works.
« Last Edit: July 10, 2017, 10:56:36 AM by WhiteTrashCash »

Polaria

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I'm a millennial, but only barely.

Seems that we're both Xennials, born between 1977 and 1983:  http://www.businessinsider.com/what-is-a-xennial-2017-6.
It sounds like an alien race...

DarkandStormy

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This is great! But what's a diamond in the void?

Millennials have "killed off" chain restaurants and diamonds, apparently.

solon

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This is great! But what's a diamond in the void?

Millennials have "killed off" chain restaurants and diamonds, apparently.

Yeah, I read it wrong, but now I get it. Except, I don't. Chain restaurants and diamonds are still thriving, aren't they? Or are they thriving in spite of millennials best efforts?

Oh nevermind. It was still a funny script. No need to ruin it.

MrsPete

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Every generation embraces some products, quits buying others; for example, people are buying fewer wrist watches and fewer paper books ... but more small electronics and more LuLa Roe leggings.  Nothing new in that story -- just a change in details. 

Generation-M spends differently, but not more wisely or more foolishly.  For example, every M. I know personally -- even those who are doing well financially and who are long-range financial planners -- spends heavily on restaurants.  I think everyone on this board will say that's not particularly a good value for the food dollar. 

DarkandStormy

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This is great! But what's a diamond in the void?

Millennials have "killed off" chain restaurants and diamonds, apparently.

Yeah, I read it wrong, but now I get it. Except, I don't. Chain restaurants and diamonds are still thriving, aren't they? Or are they thriving in spite of millennials best efforts?

Oh nevermind. It was still a funny script. No need to ruin it.

http://www.marketwatch.com/story/here-are-all-of-the-things-millennials-have-been-accused-of-killing-2017-05-22

http://www.businessinsider.com/millennials-endanger-casual-dining-restaurants-2017-5

marcela

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I am a BB and never understood fabric softener either. I actually hate it.  The smell is nasty. My kids don't like antique furniture and don't collect anything. I think that is common now for young people. Now us BB's are getting rid of crap we should have never collected and no one wants it:))
http://www.nextavenue.org/nobody-wants-parents-stuff/
I thought this article was really interesting and it definitely stands up to my experience. My IL's had inherited a ton of "antique" furniture/china/silver..etc from my GMIL who ran an antique business. They literally have their entire basement full of this stuff plus more in storage that they're paying every month for. They are always asking us to take some of the furniture, but we just don't want it. Big, heavy pieces of furniture with fussy carving that makes it hard to clean and harder to take with us when we move. They keep going out and buying more stuff stuff and crow about how great it will be when we get it all.
I feel like the next industry we destroy will be antique shops.

DarkandStormy

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mies

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http://www.cnbc.com/2017/07/12/millennials-dont-like-motorcycles-and-thats-killing-harleys-sales.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104581572&yptr=yahoo

Millennials don’t like motorcycles, and that’s killing Harley’s sales

Boom.  Another product down.

I don't think Harley's have the same rebel sex appeal they used to. Whenever I see someone on a Harley, it's almost always a flabby sunburned old guy not wearing a helmet. I certainly don't aspsire to that.
Less is more.

solon

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http://www.cnbc.com/2017/07/12/millennials-dont-like-motorcycles-and-thats-killing-harleys-sales.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104581572&yptr=yahoo

Millennials don’t like motorcycles, and that’s killing Harley’s sales

Boom.  Another product down.

I don't think Harley's have the same rebel sex appeal they used to. Whenever I see someone on a Harley, it's almost always a flabby sunburned old guy not wearing a helmet. I certainly don't aspsire to that.

I'm not sure they ever had sex appeal. Every time I see one it's just loud and obnoxious. You could get the same effect for $5 at a burrito stand.

dougules

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I am a BB and never understood fabric softener either. I actually hate it.  The smell is nasty. My kids don't like antique furniture and don't collect anything. I think that is common now for young people. Now us BB's are getting rid of crap we should have never collected and no one wants it:))
http://www.nextavenue.org/nobody-wants-parents-stuff/
I thought this article was really interesting and it definitely stands up to my experience. My IL's had inherited a ton of "antique" furniture/china/silver..etc from my GMIL who ran an antique business. They literally have their entire basement full of this stuff plus more in storage that they're paying every month for. They are always asking us to take some of the furniture, but we just don't want it. Big, heavy pieces of furniture with fussy carving that makes it hard to clean and harder to take with us when we move. They keep going out and buying more stuff stuff and crow about how great it will be when we get it all.
I feel like the next industry we destroy will be antique shops.

Antique shops destroyed, thrift shops booming.  I'll be buying that furniture for pennies on the dollar some day. 

pachnik

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Late baby boomer or early Gen X here.  I would love to get my hands onto a cheap antique dresser to replace the old Ikea one I've had for 20+ years.   


With This Herring

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AppleBee's? Good riddance.

PREACH

I never understood how they stay in business...

It's called a blondie, and it's a gift from the gods for those of us who never understood the whole chocolate obsession.

http://www.food.com/recipe/applebees-maple-butter-blondie-327002
Now you need never go to Applebee's again!  ;)  And I agree with you on the chocolate nonsense.  Just assume that we are missing a tastebud.

Antique shops destroyed, thrift shops booming.  I'll be buying that furniture for pennies on the dollar some day.

Me too!  I can't wait!
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Lis

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Lol I'm loving this thread. It's always great when you see an article that cries "why aren't millennials saving??" followed closely by "why aren't millennials spending money??"

facepalm

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http://www.cnbc.com/2017/07/12/millennials-dont-like-motorcycles-and-thats-killing-harleys-sales.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104581572&yptr=yahoo

Millennials don’t like motorcycles, and that’s killing Harley’s sales

Boom.  Another product down.

Harley is running scared. They are doing their best to figure out millennials, since their demographic is aging rapidly. Other brands, like Ducati, are doing their best to appeal/market to milennials, with some success.

When I go out riding I see most of the younger riders either ride some sort of scrambler or standard/naked bike, with a few sportbikes and adventure bikes tossed in. They do not ride Harleys or touring bikes.

Aelias

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"They don't buy napkins."

::overheard between grandma and my 4yo::

Kid: What are those?

MIL: These? They're Kleenex. Don't you have Kleenex?

Kid: Oh. Like in the bathroom.

MIL: In the bathroom?

Kid: Yeah. My daddy said Kleenex is just another name for toilet paper.

 . . .

Takeaways:

Kleenex totally is another name for toilet paper.

My husband is awesome.

My kid's going to be just fine.

bebegirl

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Had lunch outing with colleagues. Small talk with millennial:

Colleague: yeah, you can buy cheap gas at Costco so it makes sense to have membership
Millennial: well, I do not need gas. I do not have a car. I live in the city and take a bus to the office.

:)

Inaya

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Had lunch outing with colleagues. Small talk with millennial:

Colleague: yeah, you can buy cheap gas at Costco so it makes sense to have membership
Millennial: well, I do not need gas. I do not have a car. I live in the city and take a bus to the office.

:)


Only a matter of time before we add Costco and Sam's Club to the hit list. With our lack of cars and small apartments, buying bulk isn't very practical.
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Cromacster

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http://www.cnbc.com/2017/07/12/millennials-dont-like-motorcycles-and-thats-killing-harleys-sales.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104581572&yptr=yahoo

Millennials don’t like motorcycles, and that’s killing Harley’s sales

Boom.  Another product down.

Harley is running scared. They are doing their best to figure out millennials, since their demographic is aging rapidly. Other brands, like Ducati, are doing their best to appeal/market to milennials, with some success.

When I go out riding I see most of the younger riders either ride some sort of scrambler or standard/naked bike, with a few sportbikes and adventure bikes tossed in. They do not ride Harleys or touring bikes.

Millennials are all about the cafe racers!  If it's a restored 1970's cafe racer even better.

Or just do like my friend did and mod his harley to be look like a cafe racer.

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markbike528CBX

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Harley has tried cafe racers before, but maybe it will stick the next time.

https://en.m.wikipedia.org/wiki/Harley-Davidson_XLCR

StudentEngineer

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Sweet! So in other words, different generations like different things.... sounds about right. 
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