THE millennial generation will not have the savings to waste on a ludicrous midlife crisis like their parents did, experts have warned.
A combination of rising inflation and no hope of getting on the property ladder has forced them to accept they will never be able to splash out on a Mazda MX-5 when they start going bald or get bored of their spouse.
Lucy Phipps said: “When my dad turned 51, he bought a Gibson Les Paul with his own name embossed on it. It cost about 12 grand, and is largely the reason why I now have such a huge student loan to pay back.
“But given that the majority of my salary goes to the landlord of the shitty flat I live in, I won’t be able to afford to do something similarly selfish like leave my husband and go on a round-the-world trip with a hot young gigolo when I reach the menopause. It’s not fair.”
Economist Martin Bishop said: “Young people today piss their money away on flat whites and Netflix, when they should be saving for one massive vanity purchase in their 50s that will capsize their finances and estrange their family.”
