'Gen Z disaster spends money on Yolo'

A large part of Gen Z has a short-term vision, a little money is to eat well, dress well, travel to enjoy, not thinking about the future.

" You only have one life to live " (You only live once - Yolo") is a lifestyle being pursued by many young people.The Google " Year in Search 2022" report for Vietnam by Google shows that nearly 30% of people Viet (compared to 23% of consumers in Southeast Asia) plan to spend more on self-improvement, including improving physical and mental health, fitness and knowledge after the pandemic. Spending savings, spending money to invest, more and more people choose to spend money to satisfy their personal enjoyment needs.

I think, because Gen Z has not encountered so much joy, anger, love, and shame in life, no matter how their parents and relatives advise them, they do not listen, but choose to do as they please. In fact, today's Gen Z young people are many times more pressured than the previous generation. If you do not have a foresight, save money early , the future will be very dangerous.

The working age is shortened due to the tendency to be eliminated soon, the cost of raising and educating children is becoming more and more expensive, the cost of buying a house is more expensive, severe climate change increases the cost of food and health care. ... All are big challenges for young people today.

In particular, science and technology develops like a storm, people live longer... So, if you only work until you are 40-50 years old and have complained about pressure, demanding early retirement, it will is disaster . Imagine everyone living to be more than 100 years old but without a job, without money in hand, what would society be like?

>> I don't wait until I'm old to enjoy it

I observed from my children and the children of friends, that in general, the generation born after 2000 is mostly materially adequate. In particular, they are also considered "golden nuggets", being spoiled by their parents at home like "king children". Going to school, due to education reform, teachers are not allowed to scold. Talking about statistical probability compared to the previous generation, in general, today's young people often refuse to give in, are more lazy, especially the death grave is not hard working to overcome pressure, preferring to retire early . ... Many employers around the world have shouted about Gen Z employees for the same reason.

The law of life of all species in the natural world is to accept and overcome pressure to survive. Meanwhile, a large part of Gen Z today has a short-term vision, having a little money is to eat well, dress well, travel, enjoy... They don't think it's about 40-45 years old. , you will be eliminated by society a lot, then what will you eat, not to mention how much money it will cost to raise your children.

There is a fact that I see a lot, that young people after getting married, giving birth, almost can't stand the pressure (family, work, children...), can't earn money, and then brought him back to his grandparents to take care of. They all stem from distorted thoughts about the concept of "Yolo" .

In summary, my advice for young generation Z is to know how to save and invest from a young age, while still making money, instead of just worrying about spending and enjoying bluff. Because by the time outside middle age, all kinds of work events come up, the need for money is increasing, life will not be as simple as many people think.