Survey: Millennials Believe Economy Is Failing Them
Breitbart News Network ^ | 6 Oct 2016 | Chriss W. Street
Posted on 10/6/2016, 11:37:12 AM by george76
“millennials” — those born in the 1980s or later — are a deeply pessimistic generation that is willing to work hard, but is “convinced the economy is failing them,” and is “very uncertain” about the future. The study shows that most millennials are living in quiet desperation. They face a job market that has left even normally employable new college graduates out of work, or employed at well below their potential as baristas, temps, or in low-level retail jobs.
Millennials understand that this situation will have a substantial impact on their lifetime earnings, due to depressed early years and and due to finding themselves on a lower income track than those few that landed higher-quality roles straight out of college.
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The Millennial mindset was dramatically impacted by the harsh economic realities of the Great Recession, which has made them remarkably politically independent, economically pessimistic, and skeptical of traditional institutions. What the establishment doesn’t understand is that in their minds, Millennials did all of the right things – they worked hard, got their education — but they incurred huge amounts of debt and the job market they inherited hasn’t rewarded any of these sacrifices. Now they are deeply concerned about their future.
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30 percentof respondents live with their parents, which rises to 40 percent for singles
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Millennials deeply admire entrepreneurship and believe it is the key to economic success, despite the fact that 90 percent of all new businesses fail within three years. Millennials also believe their biggest impediment to starting their own business is capital:
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Millennials have a very low level of confidence in American institutions. They are “skeptical of the establishment,” while “remaining fiercely patriotic and supportive of a leading role for the United States in the world”:
(Excerpt) Read more at breitbart.com ...
