CNBC financial analyst Jim Cramer says Gen Z Millennial spends a lot of money on discretionary items, which many young people have. Despite financial challenges, I don't think I have enough money to invest6} Life from salary to salary.
"They seem to have a lot of money, even if they don't have a lot of money."Cramer saidbetween the ages of 18 and 24. ..
Kramer said young people who frequently visit his restaurants in New York City often order $ 14 margaritas "as if [money] grew up on a tree." ..
"On the other hand, you are allowed to have all the margaritas you want," Kramer said.
"But on the other hand, you say," I can't invest, I have a student loan. "
CNBC Star added: "I think it's counterintuitive. They have to change their minds."
Last year,Money, Inc. gave$ 100 million in Cramer's net worth. I reported that it was exceeded. He is said to have begun investing in his stock during his career as a journalist.
Kramer tells CNBC that his humble beginning is economical I'm experiencing difficulties.
"Oh, Kramer is rich. I don't want to hear his talk." But did you live in a car beside Interstate 5? "He asked.
Kramer said he continued to invest $ 100 a month in his stock index fund when he lived in his car.
"I put away that money, and it made me a millionaire," he said.
"I'm not looking for something tough. I'm not saying I'm not going out. I'm saying every week, don't spend the money you shouldn't have. That's what Kramer said.
He states that even if "the same as going to two movies or a bottle of wine", young people need to spend everything they spend on their discretionary spending and invest in it every month. I did.
"It's just to be consistent. Over time, stocks have proved to be an incredible asset," he said.
"People always say,'What I invest in I can't invest because I don't have one, "I've always heard from people in their twenties," said Cramer.
"But if you spend a few dollars on the go, he claims you have the money to invest."
"People have no reason to want to be rich." There are millions. ”
According to a recent study by Deloitte, 29% of Gen Z millennials say that living expenses are their primary concern. increase.
Only a quarter of the surveyed respondents said they could comfortably cover their monthly living expenses. On the other hand, nearly half say they live from salary to salary.
