Fake Until You Break
There's a narrative pervasively weaving its way through social media and our culture. It says this: Millenials are screwed, victims of bad timing and circumstance. First, I need to confirm that I am, in fact, a Millennial. This demographic group is currently between 30 and 43 years old, and I slot in at the high end of this range.
I'm not going to dive into all the reasons this generation feels wronged and victimized. I don't think it's worth the time to write or read. While I understand where these arguments come from, I also recognize all generations deal with their own version of struggle, pain, and suffering.
Instead, I want to discuss the other side of this never-ending debate. Wells Fargo recently completed a study of Millenials who have an annual household income of $250,000+. What they discovered was that 59% of Millenials in this camp believe "it's important to appear financially successful to others." To put that in comparison, only 35% of Gen X and 14% of Baby Boomers had a similar belief.
6 out of 10 Millenials believe it's important to appear financially successful in the eyes of others. More than half of the people in my generation! That has deep and powerful implications. Of the 59% of Millenials who think this way, 41% of them admit to funding their lifestyle through credit cards and other consumer debt. Only 28% of Gen X and 6% of Baby Boomers do the same.
This is self-sabotage at the highest level. These toxic perspectives and the behaviors associated with them are literally driving an entire generation into the ground. It's a fake-it-until-you-make-it type of life we're living, but ultimately, it's more like fake until you break.
Yes, our generation has faced headwinds these past 20 years. Yes, there are things that make life hard. But nothing is making life as hard as we're making it on ourselves. We're literally breaking our own family structures for the sake of looking rich. We can say all we want that it's not happening, but the data says it is......and so does my experience working with hundreds of families. We're spending ourselves into oblivion.
What's the alternative? Instead of caring what others think and trying to keep up with the Joneses, we should focus on what matters most. We should live with humility, discipline, and intentionality. We should pursue a life of meaning above all else. More stuff, status, and wealth will never provide the satiation you're looking for. Only meaning can provide that. And meaning can't be found on the other side of a purchase. My generation, at 30-43 years old, is still relatively young. We have time to figure this out. We can right the ship and lead ourselves into a productive life full of meaning, joy, peace, and impact. But that doesn't happen on accident. It must be chosen, then aggressively pursued.
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