My millennial friends and I always complain we can't adult which is *probably* due to the fact we weren't taught literally anything useful in school.
In honor of tax day, here's a bunch of stuff we all should've been taught but were not!
A big complaint about millennials is we spend all our money on avocado toast and will never afford a house. WELLLLLLLLLL, that could be because the baby boomers ruined the economy and didn't teach us about money just sayin'. Some people actually don't know, like right now as I type this, that checking accounts are still a thing. Let alone how to get checks, or write them, or balance a check book. How much should you save? How much should you spend on things that aren't bills? How do you "cut corners?" Anyways, legit research from Lendedu found:
- 43 percent of students didn't know the difference between a credit card and a debit card.
- 23 percent couldn't name a difference between a checking account and a savings account.
- 68 percent didn't know what 401ks and IRAs are for.
2. TAXES MAKE NO SENSE
So real talk I'm 25 and my dad's friend still does my taxes....I don't even understand what the stupid forms they send me are or what they mean. And I'm not alone thank you very much! NerdWallet and Harris Poll surveyed 2,000 adults about how much they know about taxes:
- 48 percent didn't know what tax bracket they were in for 2017, up from 40 percent in 2016.
- 10 percent think it's okay not to include tips or "under-the-table" income when filing their taxes.
- 65 percent think it's illegal to make extra mortgage payments, and 75 percent think it's illegal to open or contribute to an IRA toward the end of the year — two strategies that can help reduce your taxes.
3. How To Find A Car, House, Apartment, Insurance (etc) & How To Afford Them
I moved away from home a few months ago and cried on the phone to my dad 3 weeks later because I couldn't find painters....
You are never taught actually how to get a car, or apartment or insurance (OMG still upset about that) and how to actually afford any of it. Rent or buy? Apartment, condo, single family, townhouse? Fixer upper or move in ready? Should we care about school districts now or wait until we're older? OMG AND THEN INSURANCE. And loans. Make sure you have your title before you do anything or you'll end up paying for 2 car insurances like me! What's a title you ask? EXACTLY.
Adulting is hard.
4. Basic Repairs
I can't change a tire, open the hood of my car, hang things on walls, or anything really. When I moved away my dad forced me to go to Home Depot to buy a starter tool kit which took me an actual hour to do so because I was so lost. Why didn't anyone teach us in school how much a regular oil change should be? Or how to figure out hey this mechanic is bleeding you dry, or what to even look for in a good mechanic? BTW, Forbes says many of us don't read the owner's manual, know how to check for tire pressure, among other things, ugh.
5. How To Make Friends As A Grown Up
I moved to a city and didn't know a single soul 4 months ago and I'm not sobbing every night alone in my apartment so I'm doing okay. It's called life skills. I'm a social person and have a social job obvs so it's easier for me to make friends than others but honestly if I didn't have a friend of a friend here I would NOT be doing well. Also a piece of advice, join a social league! I joined one via my new friends who invited me but even if I wasn't invited it's an amazing way to get out and meet people!
6. How To Successfully Get A Job In A Normal Amount OF Time & Get A Livable Wage
I know like 4 people who graduated college without debt, it's stuuuuupid. Student Loan Hero says it's right around $37,172 for the average 2016 graduate, you know, roughly. We all graduated thinking oh this will be wonderful and we'll get a job right away and make $100k and get married and have 2 kids and a hosue by 28, easy! NO. WRONG.
The Balance says it takes graduates an average of six months to finally find a job, just FIND one. Then you have to actually make enough money at this job to live. What's a livable wage? How do I ask for a raise? How do I even argue for a raise when I have legit no experience but rent and other adult bills? According to research from Warwick Economics, women are 25 percent less likely to actually get a raise than a man.
I mean I think most of us figure it out, we're alive aren't we? But it's not ideal.
Bustle helped with actual facts n' thingz