Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

Millennials Broke and Disillusioned

January 16, 2019 By Richard C. Young

By Nicoleta Ionescu @ Shutterstock.com

In The American Conservative, Charles F. McElwee III, details the plight of America’s Millennials. Loaded with debt, chronically underemployed, and with low prospects, the generation could become lost if policy isn’t modified to push them forward. He writes (abridged):

What does the future hold for Millennials?

They are renters and borrowers, not owners. They live in rooms, not homes. They incur debt for financial survival. They consider appreciation a sentiment, not a term for monetary value. They are a group lacking the accoutrements of Baby Boomer affluence

One long-term consequence of this is America’s declining fertility rate. Last May, the Centers for Disease Control and Prevention’s National Center for Health Statistics reported the lowest general fertility rate on record: only 3.85 million American babies were born in 2017. Millennials are electing to forgo marriage or children because they can barely support themselves.

From a policy perspective, AEI’s Mathur believes more skills training and paid apprenticeship programs are needed so younger workers can adapt to the new workforce. “Paid apprenticeships are beneficial because they don’t force kids to take on student debt, and the students get some pay while learning, and eventually get a job after training,” notes Mathur. “So it’s a win-win for both workers and companies that are often lacking workers with the right skills to employ to their vacant positions.”

But for now, Millennials must continue their fruitless march. This is not the economy that they expected. There are no car seats for young children, backyards for family dogs, or 401(k)s for retirement.

Millennials are broke and disillusioned. They are foreclosing on their own future. We ignore their generational plight at our own peril.

Read more here.

If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.

Related Posts

  • Be Nice to Millennials
  • Millennials, Lattes and Student Debt
  • Going for Broke
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Latest posts by Richard C. Young (see all)
  • For Investors Who Want to Stop Worrying About a Market Crash - July 1, 2022
  • Florida Is a Refresher Course in American Greatness - July 1, 2022
  • Biden’s Economy Even Weaker than Thought - June 30, 2022

Dick Young’s Must Reads

  • Globalism Has Made America Dependent on Foreign Countries
  • U.S. Survival AR-7
  • A NEW CONTRACT WITH AMERICA: Rick Scott Finally Gives the GOP Something to Run On
  • Being Fully American Means Americans First
  • You Want the Limo, Not the Public Bus
  • ENERGY FREEDOM ACT: Ted Cruz Introduces Bill for Energy Independence
  • Are You Prepared to Run Out of Water?
  • The Four Most Important Words in Investing
  • The Problem in America
  • The Swiss Way

Our Most Popular Posts

  • FOOD SHORTAGE: Not "If," But "How Bad?"
  • One Surprising Thing You Should Know About Private Jets
  • Saudi Oil Is Different from U.S. Oil?
  • Good News for the 2nd Amendment
  • Your Survival Guy in Paris: Awakened from His Slumber, “Dad, I’m Going to London”
  • FLORIDA DODGED A BULLET: Elected Superb DeSantis Over Unstable Gillum
  • The Most Controversial Restaurant in Paris?
  • 10th AMENDMENT: Dobbs Decision a Win for States' Rights
  • What Just Happened? Fixing Its Historic Mistake
  • For Investors Who Want to Stop Worrying About a Market Crash

Disclosure

RSS Youngresearch.com

  • Happy Independence Day
  • Even Without Food and Gas, Inflation is Soaring
  • Despite Inflation, Best Year Ever for Vacation Demand
  • Time to Save, Troubles Dining Out, and Intelligence on Yellowstone
  • Purchases of Gaming Chips for Crypto Mining Tailing Off
  • RURAL RENAISSANCE: America Finds the Country Again
  • Are Google, Amazon, and Microsoft About to Crash This Specialized Real Estate Market?
  • Why Work When Taxes Take It All?
  • Regulators’ Bungled Attempts to Cut Emissions Drove Oil Prices Higher
  • Your Survival Guy in Paris: Awakened from His Slumber, “Dad, I’m Going to London”

Happy Independence Day

For Investors Who Want to Stop Worrying About a Market Crash

Breaking News: House Election Update

WATCH: New York Governor Melts Down When Asked for Facts

Florida Is a Refresher Course in American Greatness

Should You Believe Ms. Hutchinson?

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives