Are Millennials as broke as the media says they are? The answer is a resounding yes for the following reasons.
If you type in “characteristics of the Millennial generation†into trusty Google you will find a list of interesting headlines. Some of the titles given to Millennials are: Generation Y, Generation WE, The Boomerang Generation, and The Peter Pan Generation. Part of this stems from the way many were raised by baby boomers who were […]
Half of Millennials live at home with parents: The economy still feels like it is in a deep recession for millions of Millennials.
The Great Recession officially ended in the summer of 2009. That was a long time ago. Yet somehow along the windy road, Millennials are not feeling the love from this so-called economic recovery. Millennials continue to graduate with mountains of student loan debt coming out with an average of $30,000 per graduate. Millennials are struggling […]
Millennials that are thriving in this economy are those with links to rich parents: The vast majority of other Millennials are mired in debt and unable to purchase homes.
Most young Americans are still living in an economy that feels like it is in a recession. Yet there are Millennials that are doing well and are thriving in this economy. How are they escaping mountains of student debt? How are they gaining access to down payments to purchase more expensive homes? The short answer […]
The economically lost generation of Millennials: taking a look at net worth data, living arrangements, and student debt.
Young Americans probably missed the memo regarding the economic recovery that has been taking place since 2009. Apparently massive student debt, living at home, and a market full of low-wage jobs isn’t exactly the picture perfect ideal of a booming economy. Millennials are facing an uphill battle. The market has virtually eliminated the pension system […]