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Millennials Are Screwed
Article

Millennials Are Screwed

Why millennials are facing the scariest financial future of any generation since the great depression.


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Editorial Rating

8

Qualities

  • Applicable
  • Eye Opening
  • Concrete Examples

Recommendation

If you believe the hype, millennials are self-absorbed baristas with useless liberal arts degrees still living at home with their parents. HuffPost Highline writer Michael Hobbes portrays a different story. Many more millennials support themselves than lean on their parents. They’ve come of age in an economy where they’re more likely to experience unstable employment and live in poverty. Hobbes gives a comprehensive look at the challenges millennials face in reaching financial stability and provides a workable list of solutions. getAbstract recommends this sobering but ultimately optimistic piece to young adults and policy makers.

Take-Aways

  • Stagnant salaries, weak safety nets and rising costs of living make millennials the “first generation in modern history to end up poorer than [their] parents.”
  • Millennials are on the “front lines” of an economy that’s been transforming since long before the Great Recession. 
  • As safety nets erode, many young people teeter on the edge of poverty.

About the Author

Seattle-based millennial Michael Hobbes is a contributing writer for HuffPost Highline.


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