Millenial Generation – Studies Point to Worthless

Over the weekend I received an email.  The headline read MILLENIALS ARE WORTH LESS, HAVE MORE DEBT, AND CAN'T FIND JOBS.  At first thought I was like... geeze, alright.

Just from the headline I realized it this entire email was either going to be attacking the younger up and coming generation or breaking down a study to figure out if these kids are going to be able to make it in the world once their wealthy parents or relatives have passed on.

I'll admit, (this is Brett speaking freely now) I do believe that it will be tough for kids today to take what the world is today and try to make it better.  The United States is inching close to the 18 trillion mark on the debt counter, President Obama is getting tied into other countries to fix their problems and Detroit is about to implode.  Then we look at the upcoming kids.  Solely reliant on the internet for information, glued to their phones and computers and have little to no interest in history or the future unless they can snap a selfie with it, google search a related quote and seem intelligent.  Could be tough.

The email went on to say that the American Dream is dead. "The young adults of America have been sold a dream for their entire lives: Go to the right school, get the right job, buy a house, and live the American Dream."  It sounds simple when it's laid out in those terms.

Maybe I'm taking this the wrong way.  The final part of the email asked the question - Why are younger people lagging so far behind the older people in the financial recovery?  The answer.... Because student loan debt is bringing them down way too far.  Also the job market is weakening and people are suffering from the lesser ability to bounce back from the decline in home prices.