Posted on 10/06/2016 8:37:12 AM PDT by george76
“millennials” — those born in the 1980s or later — are a deeply pessimistic generation that is willing to work hard, but is “convinced the economy is failing them,” and is “very uncertain” about the future. The study shows that most millennials are living in quiet desperation. They face a job market that has left even normally employable new college graduates out of work, or employed at well below their potential as baristas, temps, or in low-level retail jobs.
Millennials understand that this situation will have a substantial impact on their lifetime earnings, due to depressed early years and and due to finding themselves on a lower income track than those few that landed higher-quality roles straight out of college.
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The Millennial mindset was dramatically impacted by the harsh economic realities of the Great Recession, which has made them remarkably politically independent, economically pessimistic, and skeptical of traditional institutions. What the establishment doesn’t understand is that in their minds, Millennials did all of the right things – they worked hard, got their education — but they incurred huge amounts of debt and the job market they inherited hasn’t rewarded any of these sacrifices. Now they are deeply concerned about their future.
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30 percentof respondents live with their parents, which rises to 40 percent for singles
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Millennials deeply admire entrepreneurship and believe it is the key to economic success, despite the fact that 90 percent of all new businesses fail within three years. Millennials also believe their biggest impediment to starting their own business is capital:
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Millennials have a very low level of confidence in American institutions. They are “skeptical of the establishment,” while “remaining fiercely patriotic and supportive of a leading role for the United States in the world”:
(Excerpt) Read more at breitbart.com ...
Typical, they think the economy exist to serve them.
ask not...
I’m sure Obama and the MSM can convince them it’s Trump’s fault.
The economy is failing them badly. Unless of course, they want to work in part time or minimum wage jobs all their life. They’ll still be paying off student debt when they are 50.
It’s Not the economy. It’s the political system.
Yeah, why don’t we have more jobs for those with gender studies degrees? Why no love for the 16th century French poetry experts?
Go to school for a joke degree, expect to have joke opportunities.
This is the challenge folks. Getting the millennials to understand the stupidity of watching Jon Stewart all those years, buying in to the inclusion/diversity brainwashing learned from K thru 12 thru college, and buying in to the Progressive understanding that government exists to make life better and fix things.
The Millennials and their children will bear the biggest amount of suffering. How do we get it into their heads that they’ve been preached the Big Progressive Lie?
Exactly my thought.
Really, all they need to do for the economy is to vote differently than they do.
Maybe lots of other things failed these folks.
Is this the same generation that desperately wanted Sanders for President because they needed freebie’s or was that a later group?
same group, the basement dwellers.
They probably think they’re being overtaxed, and they’re right. They probably also think the value of their dollars is shrinking, and they’re right about that too. They probably see, too, that the old paradigm of “save your money in the bank where at least it’ll make some interest” is completely broken... and they’re not wrong about that either.
War makes money.
The economy is failing everybody.
Pelosi said Obamacare gives people the option to be an artist or musician instead of working. Maybe it’s not an option for them to be employed or not but Pelosi and the Ds have their back if they can’t find work. If Hillary wins they can keep Obamacare. What more do they want? /s
What? You mean you can’t get a real job with a major in interpretive dance and a double minor in rabble rousing and community organizing? ;)
So, Hillary is correct?
It’s hard for me to judge what “Millennials” think. Every generation is dumber (or more ignorant).
My family was having a discussion about what “middle class” means today. Interesting perspectives... Consider this, using the mid 80s as the benchmark and geographically for the midwest (because the 90s were way above the average standard of living)
A strong to upper middle class family gross income of about $150K per year.
Gas = $.88/gallon
A new house = $110K
New car = $7,000
Milk = $2.00/gallon
Today! - A strong to upper middle class family is what? $150K/year? Where to the “rich” start.
Gas = $2.30/gallon
A new house = $225K
New Car = $28K
Milk = $3.40
The X-Geners AND Millennials are actually screwed. Money is not what it used to be worth and wages are not keeping up with the costs of living.
Maybe this Gen-Xer is already out of touch.
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