Viral stories about spending habits often hide the real structural problems faced by young people
“I earn 40k and live at home, but I still need my parents to bail me out each month,” reads the viral Grazia article you may have seen furiously shared on social media. Money diaries are the media phenomenon for the millennial age, raising the collective blood pressure of thirtysomethings like me at a time of squeezed wages and a housing crisis. Grazia is only the latest in a long line of publications that offer us the dual temptation to nosy through the bank statements of complete strangers and then judge them for it.
The problem, of course, is not actually how the people featured spend their money, but that their habits are often distorted as a means to beat Generation Rent with.
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