The Insightful Troll

Rants and ruminations.

Millennials Don’t Stand a Chance

| Comments

Annie Lowery in The Atlantic:

Put it all together, and the Millennials had no chance to build the kind of nest eggs that older generations did—the financial cushions that help people weather catastrophes, provide support to sick or down-on-their luck relatives, start businesses, invest in real estate, or go back to school. Going into the 2008 financial crisis, Gen Xers had twice the assets that Millennials have today; right now, Gen Xers have four times the assets and double the savings of younger adults.

How are all of these people going to contribute to the US economy when they are struggling to just get by? It’s time to bail out the millennials, not the mega corporations.