“We Were Told That Boomers Would Eventually Retire”: 30 People Share The Lies That Their Generations Were Sold

Although Gen Zers are young, they have seen the financial struggles of millennials, so many of them have adopted a fiscally conservative approach to managing their finances. They are fearful of being plunged into debt and seek out resources to help them stay on top of their money. Many of them prefer debit cards over credit cards, and because they are so internet savvy, it is assumed that they all use mobile banking. Lots of zoomers actually are interested in personal finance as well, so they might be able to save more than the previous generation and actually look forward to retirement.

Last but not least, Generation Alpha is the group of kids under 10 right now, as well as anyone born between now and 2025. They are too young for us to know their banking habits, but it is assumed that they will use a purely digital approach, as they will be the most technologically integrated generation yet. They will grow up being able to see their parents’ social media accounts and be shaped by the effects of the Covid-19 pandemic, the social justice movement, the Trump presidency and Brexit. It is possible that they will never even carry cash, and things like CDs and VHS tapes will seem like ancient history to them.

While the lies told to younger generations are usually intended to be harmless, or not even viewed as lies at all, they can still be powerful. It's important to understand where every generation is coming from and take their advice with a grain of salt. The world changes rapidly, so even if your parents were able to afford a house when they were 25, that does not mean you will. Keep upvoting the responses that you agree with the most, and then feel free to let us know in the comments what you feel like your generation was lied to about. And let's all try hard to be honest with the younger generations. Even if the truth hurts, they deserve to hear it.