Given the financial situation Millenials face—especially the crushing college debt—this surprised no serious economist studying this group.
Some of the crushing college debt could be avoided by going to community college for two years. It may not have the prestigious bragging rights of an esteemed university but it can save a ton of money for higher educational pursuits down the road.
My son works and lives in a nice 4 bdrm - 2 story house in San Antonio but it takes 3 roommates (one is a female) to be able to have such a place with a back yard for the dogs in a relatively crime-free neighborhood. He just got promoted to supervisor but the 8k bump is still not enough to afford these things on his own. Of course the BMW he drives is self-inflicted. ;o)
I feel sorry for millennials. Society is sending them signals that they are weaklings. They are fed a steady diet of political correctness by the general media.
And the business environment sucks big time. The government is absolutely flooding the population with low income earners from other countries. The middle class, once our strongest point, is gone.
I hope they manage to get on track.