This [headline from CBNC](https://www.cnbc.com/2022/06/14/why-most-millennials-and-gen-zers-arent-saving-money-right-now.html) caught my attention earlier this week:

![Screenshot 20220615 at 14.56.34.png](https://images.hive.blog/DQmRKRBQHMNoxUvBuRZdK4PT7QDyqdG3n6Sv9BGMVCLia4q/Screenshot%202022-06-15%20at%2014.56.34.png)

So the majority of the young have stopped saving, no surprise, and the reason for this is that the chosen government response to Covid-19 reduced their incomes and made it harder for them to save. 

So most of them have decided to put the idea of saving on hold for a couple of years and just buy what they need now and then work longer if necessary. 

What I don't get is where the 'smart' comes from - there's a lose reference to stocks maybe going lower, so I guess if you could time it right you can make more investing in say a few months rather than doing it gradually starting now.

But that would be 'saving' and 'not spending' - the article seems to suggest 'spending now' is smart. 

With no argument as to why this is other than 'that's all they can do'...

So is 'smart' for the young now 'knowing when to realise you can't save just giving up' and accepting a life of longer work and spend turmoil...?

I don't accept that, it seems to me that either the author is patting these young people on the back (all must have prizes, like praising your child for the crap painting they just did) - praising them to make them feel better....

Or maybe the author is mugging them off - telling them to 'spend because it's smart' - I mean it helps the rest of us investors/ savers if people spend right? 

And it may as well be the young who help us oldies out, they're all fucked anyway, right?!? 

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