Legion Troll
A fine upstanding poster
According to a report from the U.S. Census Bureau, they earn $2,000 less than their parents did at a comparable age, they are more likely to live in poverty, and they are more likely to live at home.
After several news outlets reported that rates of millennial sexual activity in early adulthood are surprisingly low, armchair social theorists came out in force to blame it on everything but the fact that nearly one-third of young adults are still living at home.
The most likely explanation—which was mentioned in the study—is that parents’ basements do not make great boom boom rooms.
The truth is that lower wages and poverty can account for so many of the things that older generations find so mystifying about millennials.
For example, millennials drive less than their parent’s generation. Simply put: Cars cost money and millennials have less of it.
A recent Wells Fargo survey found that 41 percent of millennials have not yet started saving for retirement, 64 percent of whom say “they are not making enough money” to do so.
So the next time you have a hunch about why millennials are the way they are, ask yourself if economic insecurity might be a better hypothesis.
http://www.thedailybeast.com/articles/2016/08/05/the-unsexy-truth-about-millennials-they-re-poor.html
After several news outlets reported that rates of millennial sexual activity in early adulthood are surprisingly low, armchair social theorists came out in force to blame it on everything but the fact that nearly one-third of young adults are still living at home.
The most likely explanation—which was mentioned in the study—is that parents’ basements do not make great boom boom rooms.
The truth is that lower wages and poverty can account for so many of the things that older generations find so mystifying about millennials.
For example, millennials drive less than their parent’s generation. Simply put: Cars cost money and millennials have less of it.
A recent Wells Fargo survey found that 41 percent of millennials have not yet started saving for retirement, 64 percent of whom say “they are not making enough money” to do so.
So the next time you have a hunch about why millennials are the way they are, ask yourself if economic insecurity might be a better hypothesis.
http://www.thedailybeast.com/articles/2016/08/05/the-unsexy-truth-about-millennials-they-re-poor.html
