Why millennials are facing the scariest financial future of any generation since the Great Depression. [View all]
Why millennials are facing the scariest financial future of any generation since the Great Depression.
By Michael Hobbes
Like everyone in my generation, I am finding it increasingly difficult not to be scared about the future and angry about the past.
I am 35 years oldthe oldest millennial, the first millennialand for a decade now, Ive been waiting for adulthood to kick in. My rent consumes nearly half my income, I havent had a steady job since Pluto was a planet and my savings are dwindling faster than the ice caps the baby boomers melted.
Weve all heard the statistics. More millennials live with their parents than with roommates. We are delaying partner-marrying and house-buying and kid-having for longer than any previous generation. And, according to The Olds, our problems are all our fault: We got the wrong degree. We spend money we dont have on things we dont need. We still havent learned to code. We killed cereal and department stores and golf and napkins and lunch. Mention millennial to anyone over 40 and the word entitlement will come back at you within seconds, our own intergenerational game of Marco Polo.
This is what it feels like to be young now. Not only are we screwed, but we have to listen to lectures about our laziness and our participation trophies from the people who screwed us.
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https://highline.huffingtonpost.com/articles/en/poor-millennials/