The ultimate scapegoat: Millennials

 

For years, we read so many articles about young generation doing the worst of everything. However this article I read says that stop blaming Millennials for everthing  =)

Here what it says:

Various outlets, including The Washington Post and the Pew Research Center, continued reporting that young people were buying fewer cars and houses than those in previous generations at a similar point in their life. In 2016, about 34 percent of Americans under 35 owned a house; when Boomers and Gen Xers were under 35, about half of them did.

But the fact that young people are buying fewer houses and cars doesn’t prove that they want fewer houses and cars. It might mean they simply can’t afford them.  Young Boomers and young Gen Xers made significantly more money at a similar point in their life cycle, they said, and controlling for income and employment wiped out all generational differences.

It’s typical for Millennials to bear blame for dramatic cultural and economic changes when their only crime is behaving like everybody else. For example, last year The Wall Street Journal published a report that cited young people for killing grocery stores. The proof? Consumers ages 25 to 34 are spending less at traditional grocers than their parents’ generation did in 1990. Seems pretty damning. But upon closer examination, the stagnation of grocery stores is just about everybody. Americans of all ages are relying more on convenience stores, such as CVS, and superstores, such as Walmart, for food to eat at home, and those institutions aren’t typically counted as grocers in government data.

When it comes to finding a scapegoat it’s always Millennials but they are the victims. They are told that Everything will work out, if first you go to college. But as the cost of college increased, millions of young people took on student loans to complete their degree. And what has all that debt gotten them? Lower earnings, fewer assets, and less wealth

Is it any wonder that Millennials are eager to overthrow a system that has duped them into a story of permanent progress, thrown them into debt, depressed their wages, separated them from the trappings of adulthood, and then, for good measure, blamed them for ruining canned tuna?

 

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