Read on Twitter
1/Today& #39;s @bopinion post is about the Millennial generation, now approaching middle age. https://www.bloomberg.com/opinion/articles/2019-11-12/millennials-approach-middle-age-without-benefit-of-economic-boom">https://www.bloomberg.com/opinion/a...
2/Every time I see a 35-year-old say "OK Boomer" on Twitter, I just have to laugh.
Because, that& #39;s us. We Millennials are the "Boomers" now. We& #39;re the ones the meme is making fun of, not our elderly parents.
Because, that& #39;s us. We Millennials are the "Boomers" now. We& #39;re the ones the meme is making fun of, not our elderly parents.
3/Remember a few years ago when people were writing about Millennials as if we were this young, rebellious generation intent on remaking everything about American society? https://www.nytimes.com/2013/05/28/booming/the-truth-about-millennials-in-boomer-eyes.html">https://www.nytimes.com/2013/05/2...
4/Well, guess what. Either next year or the year after (depending on your definition), the first Millennials will become eligible for protection under the Age Discrimination in Employment Act. https://twitter.com/NewsyNick/status/1193200000525688832">https://twitter.com/NewsyNick...
5/But although Millennials are rapidly aging out of youth, many still live with their parents: https://twitter.com/graykimbrough/status/1170008633301708802?s=20">https://twitter.com/graykimbr...
6/And fewer Millennials own their own homes, compared to earlier generations: https://twitter.com/graykimbrough/status/1096884365945114625">https://twitter.com/graykimbr...
7/And fewer Millennials are married than older generations were at the same age.
8/And Millennials are having fewer kids.
https://www.cdc.gov/nchs/data/vsrr/vsrr-007-508.pdf
And">https://www.cdc.gov/nchs/data... those who do are having them later. https://www.marketwatch.com/story/american-women-are-having-babies-later-and-are-still-conflicted-about-it-2017-05-19">https://www.marketwatch.com/story/ame...
https://www.cdc.gov/nchs/data/vsrr/vsrr-007-508.pdf
And">https://www.cdc.gov/nchs/data... those who do are having them later. https://www.marketwatch.com/story/american-women-are-having-babies-later-and-are-still-conflicted-about-it-2017-05-19">https://www.marketwatch.com/story/ame...
9/Why are so many Millennials failing to launch?
Is it culture? Are young people simply rejecting the traditional symbols of maturity - house, marriage, kids - in favor of an extended youth? Are they just a bunch of Peter Pans?
Maybe, but I doubt it.
Is it culture? Are young people simply rejecting the traditional symbols of maturity - house, marriage, kids - in favor of an extended youth? Are they just a bunch of Peter Pans?
Maybe, but I doubt it.
10/A more likely reason is economics plus education.
In the old days of unions, you could often make a decent salary right out of high school. Or at least right out of college.
Now you need to stay in school a lot longer.
In the old days of unions, you could often make a decent salary right out of high school. Or at least right out of college.
Now you need to stay in school a lot longer.
11/By the time you get that postgraduate degree and get out into the workforce, you& #39;re almost at the age when earnings traditionally plateau!
12/More of your youth spent in the classroom = less time to save for a house and kids before you hit the age when your biological clock starts ticking.
13/Now on top of that, add the fact that many Millennials graduated into the Great Recession, which added a permanent economic scar to their careers.
https://www.nber.org/digest/nov06/w12159.html">https://www.nber.org/digest/no...
https://www.nber.org/digest/nov06/w12159.html">https://www.nber.org/digest/no...
14/And the housing crash put an end to the steady wealth accumulation that middle-class and working-class Americans had known for decades prior:
15/And on top of that, add decades of rising inequality!! https://www.epi.org/publication/decades-of-rising-economic-inequality-in-the-u-s-testimony-before-the-u-s-house-of-representatives-ways-and-means-committee/">https://www.epi.org/publicati...
16/Are Millennials still living the roommates-and-Tinder lifestyle because they want to?
Seems unlikely. Seems more likely that they& #39;re living it because economically they have little other choice.
https://contexts.org/blog/sexual-attitudes-among-college-students-similarities-between-white-black-latinx-and-asian-students/">https://contexts.org/blog/sexu...
Seems unlikely. Seems more likely that they& #39;re living it because economically they have little other choice.
https://contexts.org/blog/sexual-attitudes-among-college-students-similarities-between-white-black-latinx-and-asian-students/">https://contexts.org/blog/sexu...
17/Millennials, as the saying goes, are getting old before they had a chance to get rich.
18/Little surprise, therefore, that so many Millennials are turning to socialism. http://nymag.com/intelligencer/2019/08/polls-millennials-and-gen-zers-are-dystopian-socialists.html">https://nymag.com/intellige...
19/We need to start thinking of Millennials less as youthful rebels infused with idealism, and more as embittered adults heading toward middle age before their finances are in order -- Boomers who never got a chance to boom.
(end) https://www.bloomberg.com/opinion/articles/2019-11-12/millennials-approach-middle-age-without-benefit-of-economic-boom">https://www.bloomberg.com/opinion/a...
(end) https://www.bloomberg.com/opinion/articles/2019-11-12/millennials-approach-middle-age-without-benefit-of-economic-boom">https://www.bloomberg.com/opinion/a...
