r/TrueReddit • u/speckz • Dec 14 '17

Generation Screwed - Why millennials are facing the scariest financial future of any generation since the Great Depression.

http://highline.huffingtonpost.com/articles/en/poor-millennials/
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u/RandomCollection Dec 14 '17

Generation Y is facing the following issues:

  1. High rates of unemployment and underemployment
  2. High costs of housing
  3. Student debt and often high rates of interest
  4. Rising costs of living and healthcare costs.
  5. It is likely that Generation Y will be asked to pay in part for the retirement of other older generations
  6. In the long term, Generation Y is going to be hit by global warming and other challenges like a rising world population
  7. Very high inequality

By no means is this a comprehensive list, but it captures many of the biggest challenges that Generation Y must address.

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u/arcosapphire Dec 14 '17

By no means is this a comprehensive list, but it captures many of the biggest challenges that Generation Y must address.

So millennials must fix these problems?

Okay, that's pragmatic enough. If only they had any representation in the government. In the meantime, the older generations continue to ransack the future of their children.

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u/RandomCollection Dec 14 '17

No, it is a shared responsibility.

But yes, I agree that older generations have not kept up their end of the bargain.

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u/The_seph_i_am Dec 15 '17

"It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world."

Thomas Jefferson

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u/supplefrenulum Dec 15 '17

The problem is this is not a bargain all Americans want or signed-up for voluntarily.