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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.

Michael Hobbes
Huffington Post Highline, 2017
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Editorial Rating

8

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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.

Summary

Stereotypes call millennials entitled. However, many in their generation – 75 million Americans born between 1982 and 2004 – are struggling. They face student debt 300% larger than their parents’ and are half as likely to be homeowners as people their age were in 1975. Factors including stagnant salaries, weak safety nets and rising living costs may make millennials the “first generation in modern history to end up poorer than [their] parents.”

The economy millennials inherited has been in decline since long before the Great Recession. Two-thirds of millennials haven...

About the Author

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

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