Millenials Are Screwed by Michael Hobbes, Huffington Post (December 2017)
Why millennials are facing the scariest financial future of any generation since the Great Depression.
And so the real reason millennials can’t seem to achieve the adulthood our parents envisioned for us is that we’re trying to succeed within a system that no longer makes any sense. Homeownership and migration have been pitched to us as gateways to prosperity because, back when the boomers grew up, they were. But now, the rules have changed and we’re left playing a game that is impossible to win.We start earning less money, later. We have more debt and higher rent.Which means we aren’t able to save.Which means we can’t buy a house or prepare for retirement.Which means that unless something changes…All of us are headed for a very dark place.
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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