Millennials are the most cash-strapped generation in generations. Crippled by student loan debt and an abusive job market, they’re unable to buy houses, cars, and many of the other big basics their parents could afford at their age. So when CNBC posted a pie chart, breaking down the budget of a successful 25-year-old who makes an appalling $100,000 a year and is “excellent with money,” it, well…no, it didn’t go well.
The budget breakdown of a 25-year-old who makes $100,000 a year and is excellent with money. via @CNBCMakeIt https://t.co/GLRCp1rfey pic.twitter.com/FuxRVrYXoH
— CNBC (@CNBC) December 21, 2018
Some items that rankled the internet’s nerves: The millennial in question was paying relatively nothing in rent. He had a house cleaner. His groceries were $400 a month. His cell phone bill was $40. And he somehow was comfortable enough to donate $615 12 times a year.
Those who actually clicked on the link and read the article in question learned this was not necessarily meant to be representative of this person’s generation. The subject in question was abnormally successful: A Boston-based entrepreneur, who went into business for himself and works appallingly long hours to make what he does. Good on him! But not good on the CNBC social media manager, whose attached pie chart image wound up being misleading.
That said, when the internet decides to collectively shake their fists at a perceived indignity — even if it’s slightly undeserved, as in this case — it is kind of beautiful.
Never realized how much money I could save if I just made up amounts for what everything costs
— Mike Drucker (@MikeDrucker) December 21, 2018
Never seen beer spelled d-o-n-a-t-I-o-n-s before.
— anthony robinson (@anthonyerob) December 21, 2018
https://twitter.com/RogueSNRadvisor/status/1076190613253414913
$40 for a cell phone?!?!?! @ATT is charging me $190 a month so like, WHAT ARE WE TALKING ABOUT? $825 for rent? HA. HA. HA. COME ON.
— Akilah Hughes (@AkilahObviously) December 21, 2018
https://twitter.com/philngo/status/1076257941349638145
The folks at CNBC must know some pretty financially shrewd 25 year-olds: https://t.co/xaIDo35WTL
— Matt Taibbi (@mtaibbi) December 22, 2018
https://twitter.com/JRehling/status/1076328118401490944
https://twitter.com/barstoolsports/status/1076315137366200320
The average 25-year-old makes just under $30k a year, fyi. If you're 25 and you make 100k a year, you're in the 95th percentile. https://t.co/Oeov6Mz0oI
— John Scalzi (@scalzi) December 21, 2018
$20 for Internet
$30 for house cleaning
$615 for donationsCNBC: pic.twitter.com/Yk9urbhDxk
— LJ Cholmondeley-Featherstonehaugh (@splendourella) December 21, 2018