Revealed: the 30-year economic betrayal dragging down Generation Y’s income

[ReallyIAmAnOptimist]

The full scale of the financial rout facing millennials is revealed today in exclusive new data that points to a perfect storm of factors besetting an entire generation of young adults around the world.

A combination of debt, joblessness, globalisation, demographics and rising house prices is depressing the incomes and prospects of millions of young people across the developed world, resulting in unprecedented inequality between generations.

A Guardian investigation into the prospects of millennials – those born between 1980 and the mid-90s, and often otherwise known as Generation Y – has found they are increasingly being cut out of the wealth generated in western societies.

Where 30 years ago young adults used to earn more than national averages, now in many countries they have slumped to earning as much as 20% below their average compatriot. Pensioners by comparison have seen income soar.

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Read the whole article at the link: http://www.theguardian.com/world/2016/mar/07/revealed-30-year-economic-betrayal-dragging-down-generation-y-income

In my view THIS is one HUGE reason why Bernie's message deeply resonates with millennials.

[msongs]

1. oddly enough when one borrows money it is understood it should be paid back. nt

[Avalux]

2. So you think millenials are just a bunch of whiny crybabies?

Your lack of insight into the obstacles our young people faced is appalling.

[closeupready]

3. Actually, no it is not "understood" - the terms of repayment are explicit.

Laid out in black-and-white. Confused by the cold tone of your post...?

[jeff47]

4. Oddly enough, having to take out debt to get virtually any job these days

means people are busy paying that money back.

You do realize secretaries used to not require a college degree, right?