The chief executive of appliance retailer Winning Group has railed against the poor work ethic of Millennials and warned of another "huge correction" in financial markets, as social media-influenced consumers rack up debt and live beyond their means.

"People are expecting more than what they put in. Some of the people coming in for interviews, their expectation of what they should be paid versus how much they're expected to work is just crazy," said John Winning, the fourth generation boss of the appliance company.

Winning Group chief executive John Winning has rallied against get-rich-quick schemes and Millennial's work ethic. Credit:Jeremy Bode

At 35, Mr Winning is technically a Millennial himself but that doesn't stop him from haranguing the generation, saying while his company employs some great Millennial workers, they are "few and far between".

"You train them up and by the time they've finished the two-month training, they're either looking for the next thing or asking for a promotion or more money," he said.