Financial Guru Dave Ramsey: 'Millennials Like Socialism Until They Have to Pay for It'

"We're going to be all right, America."

On a recent broadcast, personal financial adviser and radio talk show host Dave Ramsey talked about the Millennial generation and their bent towards socialism and the support of Democratic candidate Bernie Sanders. Ramsey read from a Washington Post article titled, "Millennials like socialism — until they get jobs." For his rant, Ramsey amended that title a bit: "Millennials like socialism — until they have to pay for it."

After reading through the statistics from the article written by the Cato Institute's Emily Ekins showing that Millennials view socialism less favorably as they age and begin to earn higher wages, Ramsey offered a few comments of his own.

The anti-credit card purveyor explained that he loves Millennials and has "a whole bunch of them" as employees at his company. He said they, like any generation, fall under two categories: "awesome" or "sucks."

He says there are those who will work hard and make an honest living and then there are those that believe, "I was born on third base and I think I hit a triple."

Yet, Millennials will learn just as other liberal generations have in the past, according to Ramsey: "When you have to put your money where your mouth is, it puts your philosophies to the test."

"That's different than sitting around a campfire smoking weed and discussing philosophy," he added. "Everybody's a philosopher when they don't have to write the checks."

Ramsey doesn't look at the Millennial group with too much worry as many others do. It's cyclical in his view. Just like when he was a kid and under the care of many in the pro-Communist, anti-Vietnam, and flag-burning generation of the 1960s. Ramsey said of that same generation today:

It's very difficult to find anyone that's much more of a capitalist than an old hippie.

In conclusion, Ramsey sounded very hopeful for the future:

We're going to be all right, America.

Watch below:


Millennials Like Socialism

Millennials like socialism...until they have to pay for it.

Posted by Dave Ramsey on Sunday, April 10, 2016